Tongguan Gold Group (SEHK:340) - Share price, News & Analysis

340 fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	0/6
Past Performance	3/6
Financial Health	4/6
Dividends	0/6

340 Stock Overview

Tongguan Gold Group Limited, an investment holding company, primarily engages in the exploration, mining, processing, and sale of gold and related products in the People's Republic of China.

Rewards

Became profitable this year

Risk Analysis

No risks detected for 340 from our risk checks.

Tongguan Gold Group Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Tongguan Gold Group
Historical stock prices
Current Share Price	HK$0.62
52 Week High	HK$1.20
52 Week Low	HK$0.34
Beta	0.89
1 Month Change	-12.68%
3 Month Change	-30.34%
1 Year Change	77.14%
3 Year Change	24.00%
5 Year Change	-27.06%
Change since IPO	-98.04%

Recent News & Updates

May 13

The Return Trends At Tongguan Gold Group (HKG:340) Look Promising

If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...

Sep 14

The Strong Earnings Posted By Tongguan Gold Group (HKG:340) Are A Good Indication Of The Strength Of The Business

Investors were underwhelmed by the solid earnings posted by Tongguan Gold Group Limited ( HKG:340 ) recently. We have...

Aug 30

Is Tongguan Gold Group (HKG:340) A Risky Investment?

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...

Shareholder Returns

	340	HK Metals and Mining	HK Market
7D	5.1%	-6.5%	2.1%
1Y	77.1%	-21.3%	-23.3%

Return vs Industry: 340 exceeded the Hong Kong Metals and Mining industry which returned -21.3% over the past year.

Return vs Market: 340 exceeded the Hong Kong Market which returned -23.3% over the past year.

Price Volatility

Is 340's price volatile compared to industry and market?
340 volatility
340 Average Weekly Movement	9.0%
Metals and Mining Industry Average Movement	6.9%
Market Average Movement	7.0%
10% most volatile stocks in HK Market	13.8%
10% least volatile stocks in HK Market	3.3%

Stable Share Price: 340 is not significantly more volatile than the rest of Hong Kong stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: 340's weekly volatility (9%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
n/a	205	n/a	https://www.tongguangold.com

Tongguan Gold Group Limited, an investment holding company, primarily engages in the exploration, mining, processing, and sale of gold and related products in the People's Republic of China. The company was formerly known as China Mining Resources Group Limited and changed its name to Tongguan Gold Group Limited in April 2018. Tongguan Gold Group Limited is headquartered in Admiralty, Hong Kong.

Tongguan Gold Group Fundamentals Summary

How do Tongguan Gold Group's earnings and revenue compare to its market cap?
340 fundamental statistics
Market Cap	HK$2.10b
Earnings (TTM)	HK$138.68m
Revenue (TTM)	HK$681.72m

15.2x

P/E Ratio

3.1x

P/S Ratio

Is 340 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
340 income statement (TTM)
Revenue	HK$681.72m
Cost of Revenue	HK$444.86m
Gross Profit	HK$236.86m
Other Expenses	HK$98.19m
Earnings	HK$138.68m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)	0.041
Gross Margin	34.75%
Net Profit Margin	20.34%
Debt/Equity Ratio	10.8%

How did 340 perform over the long term?

See historical performance and comparison

We’ve recently updated our valuation analysis.

Valuation

Is 340 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 340?

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for 340. This is calculated by dividing 340's market cap by their current preferred multiple.
What is 340's n/a Ratio?
n/a Ratio	0x
n/a	n/a
Market Cap	HK$2.10b

340 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	3.4x
Enterprise Value/EBITDA	8.9x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

How does 340's PE Ratio compare to its peers?

340 PE Ratio vs Peers

The above table shows the PE ratio for 340 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	PE	Estimated Growth	Market Cap
Peer Average	244.7x

Forward PE

Price-To-Earnings vs Peers: 340 is good value based on its Price-To-Earnings Ratio (15.2x) compared to the peer average (244.7x).

Price to Earnings Ratio vs Industry

How does 340's PE Ratio compare vs other companies in the Hong Kong Metals and Mining Industry?

Price-To-Earnings vs Industry: 340 is expensive based on its Price-To-Earnings Ratio (15.2x) compared to the Hong Kong Metals and Mining industry average (5.5x)

Price to Earnings Ratio vs Fair Ratio

What is 340's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

340 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	15.2x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 340's Price-To-Earnings Fair Ratio for valuation analysis.

Share Price vs Fair Value

What is the Fair Price of 340 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 340 (HK$0.62) is trading above our estimate of fair value (HK$0.09)

Significantly Below Fair Value: 340 is trading above our estimate of fair value.

Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 340's PEG Ratio to determine if it is good value.

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Future Growth

How is Tongguan Gold Group forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

8.2%

Forecasted Materials industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Tongguan Gold Group has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

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Examine Tongguan Gold Group's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
Tongguan Gold Group competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has Tongguan Gold Group performed over the past 5 years?

Past Performance Score

3/6

Past Performance Score 3/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

57.2%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 340 has high quality earnings.

Growing Profit Margin: 340 became profitable in the past.

Past Earnings Growth Analysis

Earnings Trend: 340 has become profitable over the past 5 years, growing earnings by 57.2% per year.

Accelerating Growth: 340 has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: 340 has become profitable in the last year, making it difficult to compare its past year earnings growth to the Metals and Mining industry (45.2%).

Return on Equity

High ROE: 340's Return on Equity (7.1%) is considered low.

Discover strong past performing companies

Financial Health

How is Tongguan Gold Group's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage

Financial Position Analysis

Short Term Liabilities: 340's short term assets (HK$207.6M) do not cover its short term liabilities (HK$662.3M).

Long Term Liabilities: 340's short term assets (HK$207.6M) do not cover its long term liabilities (HK$1.1B).

Debt to Equity History and Analysis

Debt Level: 340's net debt to equity ratio (1.9%) is considered satisfactory.

Reducing Debt: 340's debt to equity ratio has reduced from 12.3% to 10.8% over the past 5 years.

Debt Coverage: 340's debt is well covered by operating cash flow (92.6%).

Interest Coverage: 340's interest payments on its debt are well covered by EBIT (31x coverage).

Balance Sheet

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Dividend

What is Tongguan Gold Group current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate 340's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 340's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.

Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 340's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 340's dividend payments have been increasing.

Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as 340 has not reported any payouts.

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Management

How experienced are the management team and are they aligned to shareholders interests?

5.2yrs

Average board tenure

CEO

Tongguan Gold Group has no CEO, or we have no data on them.

Board Members

Experienced Board: 340's board of directors are considered experienced (5.2 years average tenure).

Ownership

Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Data	Last Updated (UTC time)
Company Analysis	2022/06/25 00:00
End of Day Share Price	2022/06/24 00:00
Earnings	2021/12/31
Annual Earnings	2021/12/31