Executive Summary
Jiangxi Copper Company Limited, an integrated copper producer, engages in exploring, mining, milling, smelting, and refining copper in Mainland China, Hong Kong, and internationally. More Details
Rewards
Risk Analysis
Snowflake Analysis
Moderate growth potential with mediocre balance sheet.
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 is not significantly more volatile than the rest of Hong Kong stocks over the past 3 months, typically moving +/- 11% a week.
Volatility Over Time: 358's weekly volatility (11%) has been stable over the past year.
Market Performance
7 Day Return
14.8%
358
4.0%
HK Metals and Mining
0.7%
HK Market
1 Year Return
138.2%
358
123.4%
HK Metals and Mining
28.1%
HK Market
Return vs Industry: 358 exceeded the Hong Kong Metals and Mining industry which returned 123.4% over the past year.
Return vs Market: 358 exceeded the Hong Kong Market which returned 28.1% over the past year.
Shareholder returns
| 358 | Industry | Market | |
|---|---|---|---|
| 7 Day | 14.8% | 4.0% | 0.7% |
| 30 Day | 11.2% | 5.2% | -0.2% |
| 90 Day | 30.0% | 25.1% | 0.2% |
| 1 Year | 141.5%138.2% | 129.4%123.4% | 33.4%28.1% |
| 3 Year | 69.3%59.9% | 33.7%23.3% | 8.1%-3.8% |
| 5 Year | 105.1%88.5% | 129.2%104.7% | 56.5%28.9% |
Long-Term 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
3 days ago | Simply Wall St
Could The Jiangxi Copper Company Limited (HKG:358) Ownership Structure Tell Us Something Useful?2 weeks ago | Simply Wall St
Jiangxi Copper (HKG:358) Shareholders Have Enjoyed An Impressive 116% Share Price Gain1 month ago | Simply Wall St
What Do The Returns At Jiangxi Copper (HKG:358) Mean Going Forward?Valuation
Is Jiangxi Copper undervalued compared to its fair value and its price relative to the market?
22.67x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: 358 (HK$18.1) is trading above our estimate of fair value (HK$16.39)
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 (22.7x) compared to the HK Metals and Mining industry average (10x).
PE vs Market: 358 is poor value based on its PE Ratio (22.7x) compared to the Hong Kong market (11.8x).
Price to Earnings Growth Ratio
PEG Ratio: 358 is poor value based on its PEG Ratio (1.1x)
Price to Book Ratio
PB vs Industry: 358 is overvalued based on its PB Ratio (0.9x) compared to the HK Metals and Mining industry average (0.7x).
Future Growth
How is Jiangxi Copper forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?
21.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 358's forecast earnings growth (21% per year) is above the savings rate (1.5%).
Earnings vs Market: 358's earnings (21% per year) are forecast to grow faster than the Hong Kong market (18.3% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: 358's revenue (0.7% per year) is forecast to grow slower than the Hong Kong market (13.3% per year).
High Growth Revenue: 358's revenue (0.7% 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 (6.8%).
Past Performance
How has Jiangxi Copper performed over the past 5 years?
25.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 358 has a large one-off loss of CN¥1.3B impacting its December 31 2020 financial results.
Growing Profit Margin: 358's current net profit margins (0.7%) are lower than last year (1%).
Past Earnings Growth Analysis
Earnings Trend: 358's earnings have grown significantly by 25.2% per year over the past 5 years.
Accelerating Growth: 358's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 358 had negative earnings growth (-5.7%) over the past year, making it difficult to compare to the Metals and Mining industry average (27.4%).
Return on Equity
High ROE: 358's Return on Equity (3.7%) is considered low.
Financial Health
How is Jiangxi Copper's financial position?
Financial Position Analysis
Short Term Liabilities: 358's short term assets (CN¥78.1B) exceed its short term liabilities (CN¥56.3B).
Long Term Liabilities: 358's short term assets (CN¥78.1B) exceed its long term liabilities (CN¥17.7B).
Debt to Equity History and Analysis
Debt Level: 358's debt to equity ratio (74.7%) is considered high.
Reducing Debt: 358's debt to equity ratio has increased from 49.1% to 74.7% over the past 5 years.
Debt Coverage: 358's debt is not well covered by operating cash flow (2.8%).
Interest Coverage: 358's interest payments on its debt are well covered by EBIT (5.7x coverage).
Balance Sheet
Dividend
What is Jiangxi Copper current dividend yield, its reliability and sustainability?
0.66%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: 358's dividend (0.66%) isn’t notable compared to the bottom 25% of dividend payers in the Hong Kong market (1.95%).
High Dividend: 358's dividend (0.66%) is low compared to the top 25% of dividend payers in the Hong Kong market (5.98%).
Stability and Growth of Payments
Stable Dividend: 358 is not paying a notable dividend for the Hong Kong market, therefore no need to check if payments are stable.
Growing Dividend: 358 is not paying a notable dividend for the Hong Kong market, therefore no need to check if payments are increasing.
Current Payout to Shareholders
Dividend Coverage: 358 is not paying a notable dividend for the Hong Kong market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of 358's dividend in 3 years as they are not forecast to pay a notable one for the Hong Kong market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
4.1yrs
Average management tenure
CEO
Gaoqing Zheng (54 yo)
2.25yrs
Tenure
CN¥741,700
Compensation
Mr. Gaoqing Zheng serves as an Executive Chairman at Jiangxi Copper Company Limited since September 09, 2020 and serves as its President since September 2020. He has been General Manager of Jiangxi Copper ...
Leadership Team
Experienced Management: 358's management team is considered experienced (4.1 years average tenure).
Board Members
Experienced Board: 358's board of directors are considered experienced (4.8 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$86.448b
- 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
Biography
Jiangxi Copper Company Limited, an integrated copper producer, engages in exploring, mining, milling, smelting, and refining copper in Mainland China, Hong Kong, and internationally. It offers copper catho...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/04/19 10:25 |
| End of Day Share Price | 2021/04/19 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
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.