SEHK:358

Stock Analysis Report

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.


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

358IndustryMarket
7 Day5.0%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

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

NamePositionTenureCompensationOwnership
Ziping Long
Chairman of the Board2.58yrsCN¥836.00kno data
Jinliang Lin
Chief Legal Officer9.67yrsCN¥618.90kno data
Qing Liang
Executive Director17.83yrsCN¥200.00kno data
Jian Min Gao
Executive Director23.25yrsCN¥200.00kno data
Jiahui Dong
Executive Director1.83yrsCN¥496.00kno data
Bo Wang
Executive Director3.75yrsCN¥832.00kno data
Yunian Chen
Deputy General Manager2.5yrsCN¥618.90kno data
Shaobing Zhou
Deputy General Manager2.5yrsCN¥618.90kno data
Xingeng Liao
Deputy General Manager1.75yrsCN¥309.40kno data
Tat Chiu Tung
Company Secretary23.25yrsCN¥50.00kno data

2.5yrs

Average Tenure

56yo

Average Age

Experienced Management: 358's management team is considered experienced (2.5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Ziping Long
Chairman of the Board2.58yrsCN¥836.00kno data
Qing Liang
Executive Director17.83yrsCN¥200.00kno data
Jian Min Gao
Executive Director23.25yrsCN¥200.00kno data
Jiahui Dong
Executive Director1.83yrsCN¥496.00kno data
Bo Wang
Executive Director3.75yrsCN¥832.00kno data
Gaoqing Zheng
GM, Deputy Party Secretary & Executive Director1.08yrsno datano data
Tong Yu
CFO & Executive Director1.25yrsno datano data
Shengsen Liao
GM of Risk Control & Internal Audit Department and Supervisor3.75yrsno datano data
Zhang Jianhua
GM of Legal Department & Supervisor3.75yrsno datano data
Shutian Tu
Independent Non-Executive Director5.25yrsCN¥100.00kno 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
JIXDB (Deutsche Boerse AG)YesForeign Shares-Foreign ListedDEEURJun 1997
358SEHK (The Stock Exchange of Hong Kong Ltd.)YesForeign Shares-Foreign ListedHKHKDJun 1997
JIAX.FOTCPK (Pink Sheets LLC)YesForeign Shares-Foreign ListedUSUSDJun 1997
358SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect)YesForeign Shares-Foreign ListedHKHKDJun 1997
358SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect)YesForeign Shares-Foreign ListedHKHKDJun 1997
600362SHSE (Shanghai Stock Exchange)Domestic SharesCNCNYJan 2002
600362XSSC (Shanghai Stock Exchange - Shanghai - Hong Kong Stock Connect)Domestic SharesCNCNYJan 2002
JIXA.YOTCPK (Pink Sheets LLC)SPONSORED ADRUSUSDOct 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/04/07 12:39
End of Day Share Price2020/04/07 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.