Executive Summary
Jiangxi Copper Company Limited, an integrated copper producer, engages in mining, milling, smelting, and refining copper in Mainland China, Hong Kong, and internationally.
Rewards
Risk Analysis
Snowflake Analysis
Average dividend payer with acceptable track record.
Similar Companies
Share Price & News
How has Jiangxi Copper's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 358's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
5.0%
358
2.9%
HK Metals and Mining
3.0%
HK Market
1 Year Return
-32.0%
358
-39.1%
HK Metals and Mining
-21.1%
HK Market
Return vs Industry: 358 exceeded the Hong Kong Metals and Mining industry which returned -39.1% over the past year.
Return vs Market: 358 underperformed the Hong Kong Market which returned -21.1% over the past year.
Shareholder returns
| 358 | Industry | Market | |
|---|---|---|---|
| 7 Day | 5.0% | 2.9% | 3.0% |
| 30 Day | -16.8% | -20.6% | -9.1% |
| 90 Day | -30.2% | -30.8% | -14.7% |
| 1 Year | -30.5%-32.0% | -37.0%-39.1% | -18.2%-21.1% |
| 3 Year | -37.6%-41.1% | -32.7%-36.9% | -2.0%-11.8% |
| 5 Year | -49.5%-53.7% | -42.0%-47.8% | -16.4%-29.8% |
Price Volatility Vs. Market
How volatile is Jiangxi Copper's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Did You Manage To Avoid Jiangxi Copper's (HKG:358) Painful 52% Share Price Drop?4 weeks ago | Simply Wall St
Should You Be Tempted To Sell Jiangxi Copper Company Limited (HKG:358) Because Of Its P/E Ratio?1 month ago | Simply Wall St
Is Jiangxi Copper (HKG:358) Using Too Much Debt?Valuation
Is Jiangxi Copper undervalued compared to its fair value and its price relative to the market?
9.69x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: 358 (HK$7.52) is trading above our estimate of fair value (HK$6.47)
Significantly Below Fair Value: 358 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: 358 is poor value based on its PE Ratio (9.7x) compared to the Metals and Mining industry average (9.7x).
PE vs Market: 358 is poor value based on its PE Ratio (9.7x) compared to the Hong Kong market (9.2x).
Price to Earnings Growth Ratio
PEG Ratio: 358 is poor value based on its PEG Ratio (1.9x)
Price to Book Ratio
PB vs Industry: 358 is good value based on its PB Ratio (0.5x) compared to the HK Metals and Mining industry average (0.6x).
Next Steps
Future Growth
How is Jiangxi Copper forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?
5.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 358's forecast earnings growth (5% per year) is above the savings rate (1.6%).
Earnings vs Market: 358's earnings (5% per year) are forecast to grow slower than the Hong Kong market (11.7% per year).
High Growth Earnings: 358's earnings are forecast to grow, but not significantly.
Revenue vs Market: 358's revenue (1.1% per year) is forecast to grow slower than the Hong Kong market (9.8% per year).
High Growth Revenue: 358's revenue (1.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 358's Return on Equity is forecast to be low in 3 years time (5.3%).
Next Steps
Past Performance
How has Jiangxi Copper performed over the past 5 years?
9.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 358 has high quality earnings.
Growing Profit Margin: 358's current net profit margins (1%) are lower than last year (1.1%).
Past Earnings Growth Analysis
Earnings Trend: 358's earnings have grown by 9.1% per year over the past 5 years.
Accelerating Growth: 358's earnings growth over the past year (0.8%) is below its 5-year average (9.1% per year).
Earnings vs Industry: 358 earnings growth over the past year (0.8%) exceeded the Metals and Mining industry -8.9%.
Return on Equity
High ROE: 358's Return on Equity (3.7%) is considered low.
Next Steps
Financial Health
How is Jiangxi Copper's financial position?
Financial Position Analysis
Short Term Liabilities: 358's short term assets (CN¥84.0B) exceed its short term liabilities (CN¥68.4B).
Long Term Liabilities: 358's short term assets (CN¥84.0B) exceed its long term liabilities (CN¥7.5B).
Debt to Equity History and Analysis
Debt Level: 358's debt to equity ratio (86.5%) is considered high.
Reducing Debt: 358's debt to equity ratio has increased from 59.2% to 86.5% over the past 5 years.
Debt Coverage: 358's debt is not well covered by operating cash flow (16.2%).
Interest Coverage: 358 earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
Next Steps
Dividend
What is Jiangxi Copper's current dividend yield, its reliability and sustainability?
2.91%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: 358's dividend (2.91%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.71%).
High Dividend: 358's dividend (2.91%) is low compared to the top 25% of dividend payers in the Hong Kong market (7.21%).
Stability and Growth of Payments
Stable Dividend: 358's dividend payments have been volatile in the past 10 years.
Growing Dividend: 358's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (28.2%), 358's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 358's dividends in 3 years are forecast to be thoroughly covered by earnings (11.1% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.5yrs
Average management tenure
CEO
Jiangxi Copper has no CEO, or we have no data on them.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman of the Board | 2.58yrs | CN¥836.00k | no data | |
| Chief Legal Officer | 9.67yrs | CN¥618.90k | no data | |
| Executive Director | 17.83yrs | CN¥200.00k | no data | |
| Executive Director | 23.25yrs | CN¥200.00k | no data | |
| Executive Director | 1.83yrs | CN¥496.00k | no data | |
| Executive Director | 3.75yrs | CN¥832.00k | no data | |
| Deputy General Manager | 2.5yrs | CN¥618.90k | no data | |
| Deputy General Manager | 2.5yrs | CN¥618.90k | no data | |
| Deputy General Manager | 1.75yrs | CN¥309.40k | no data | |
| Company Secretary | 23.25yrs | CN¥50.00k | no data |
2.5yrs
Average Tenure
56yo
Average Age
Experienced Management: 358's management team is considered experienced (2.5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman of the Board | 2.58yrs | CN¥836.00k | no data | |
| Executive Director | 17.83yrs | CN¥200.00k | no data | |
| Executive Director | 23.25yrs | CN¥200.00k | no data | |
| Executive Director | 1.83yrs | CN¥496.00k | no data | |
| Executive Director | 3.75yrs | CN¥832.00k | no data | |
| GM, Deputy Party Secretary & Executive Director | 1.08yrs | no data | no data | |
| CFO & Executive Director | 1.25yrs | no data | no data | |
| GM of Risk Control & Internal Audit Department and Supervisor | 3.75yrs | no data | no data | |
| GM of Legal Department & Supervisor | 3.75yrs | no data | no data | |
| Independent Non-Executive Director | 5.25yrs | CN¥100.00k | no data |
3.8yrs
Average Tenure
56yo
Average Age
Experienced Board: 358's board of directors are considered experienced (3.8 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.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Jiangxi Copper Company Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Jiangxi Copper Company Limited
- Ticker: 358
- Exchange: SEHK
- Founded: 1997
- Industry: Copper
- Sector: Materials
- Market Cap: HK$38.596b
- Shares outstanding: 3.46b
- Website: https://www.jxcc.com
Number of Employees
Location
- Jiangxi Copper Company Limited
- 7666 Changdong Avenue
- High-tech Development Zone
- Nanchang
- Jiangxi Province
- 330096
- China
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| JIX | DB (Deutsche Boerse AG) | Yes | Foreign Shares-Foreign Listed | DE | EUR | Jun 1997 |
| 358 | SEHK (The Stock Exchange of Hong Kong Ltd.) | Yes | Foreign Shares-Foreign Listed | HK | HKD | Jun 1997 |
| JIAX.F | OTCPK (Pink Sheets LLC) | Yes | Foreign Shares-Foreign Listed | US | USD | Jun 1997 |
| 358 | SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect) | Yes | Foreign Shares-Foreign Listed | HK | HKD | Jun 1997 |
| 358 | SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect) | Yes | Foreign Shares-Foreign Listed | HK | HKD | Jun 1997 |
| 600362 | SHSE (Shanghai Stock Exchange) | Domestic Shares | CN | CNY | Jan 2002 | |
| 600362 | XSSC (Shanghai Stock Exchange - Shanghai - Hong Kong Stock Connect) | Domestic Shares | CN | CNY | Jan 2002 | |
| JIXA.Y | OTCPK (Pink Sheets LLC) | SPONSORED ADR | US | USD | Oct 2003 |
Biography
Jiangxi Copper Company Limited, an integrated copper producer, engages in mining, milling, smelting, and refining copper in Mainland China, Hong Kong, and internationally. It offers copper cathodes, copper rods and wires, and other related products, including pyrite concentrates, sulphuric acid, and electrolytic gold and silver, as well as rare metals, such as molybdenum; and trades in copper related products, etc. The company is also involved in the sale of copper and precious metal materials; processing and sale of copper and hardware electric products; collection and sale of scrap metals; production and sale of non-ferrous metals, rare metals and non-metals, electrolytic copper foil products, spiral tubes, copper tubes, and other copper pipe products; design, production, and sale of copper and enameled wires, as well as provision of repair and consulting services; and development and production of electronic semiconductors and appliances. In addition, it engages in the development of chemical technologies; provision of transportation services; production and sale of casting products, maintenance of mechanical and electrical equipment, and installation and debugging of equipment; development and sale of building and construction materials, as well as the provision of construction and installation services; and geographical investigation and survey and construction, and engineering measurement. Further, the company is involved in the sale of beneficiation drugs, fine chemicals, and other products; trading of metal products; production and sale of cast iron grinding balls; machinery processing; manufacture and sale of wear resistant materials and products; and import-export business trade and settlement, offshore investment and financing, cross-border RMB settlement, and research and development activities. Additionally, it offers deposit, loan, guarantee, and financing consultation services. The company was founded in 1997 and is based in Nanchang, China.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/04/07 12:39 |
| End of Day Share Price | 2020/04/07 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.