China Molybdenum Co., Ltd., together with its subsidiaries, engages in the mining, beneficiation, smelting, refining, and trading of copper, cobalt, molybdenum, tungsten, niobium, phosphates, and other base and rare metals. More Details
Moderate growth potential with mediocre balance sheet.
Share Price & News
How has China Molybdenum's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 3993 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: 3993's weekly volatility (11%) has been stable over the past year.
7 Day Return
HK Metals and Mining
1 Year Return
HK Metals and Mining
Return vs Industry: 3993 exceeded the Hong Kong Metals and Mining industry which returned 123.4% over the past year.
Return vs Market: 3993 exceeded the Hong Kong Market which returned 28.1% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is China Molybdenum's share price compared to the market and industry in the last 5 years?
Simply Wall St News
20 hours ago | Simply Wall StIs China Molybdenum (HKG:3993) A Risky Investment?
2 weeks ago | Simply Wall StHow Much Of China Molybdenum Co., Ltd. (HKG:3993) Do Institutions Own?
1 month ago | Simply Wall StDoes This Valuation Of China Molybdenum Co., Ltd. (HKG:3993) Imply Investors Are Overpaying?
Is China Molybdenum undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 3993 (HK$5.28) is trading below our estimate of fair value (HK$5.33)
Significantly Below Fair Value: 3993 is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: 3993 is poor value based on its PE Ratio (41.1x) compared to the HK Metals and Mining industry average (10x).
PE vs Market: 3993 is poor value based on its PE Ratio (41.1x) compared to the Hong Kong market (11.8x).
Price to Earnings Growth Ratio
PEG Ratio: 3993 is poor value based on its PEG Ratio (1.7x)
Price to Book Ratio
PB vs Industry: 3993 is overvalued based on its PB Ratio (2.5x) compared to the HK Metals and Mining industry average (0.7x).
How is China Molybdenum forecast to perform in the next 1 to 3 years based on estimates from 17 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 3993's forecast earnings growth (23.8% per year) is above the savings rate (1.5%).
Earnings vs Market: 3993's earnings (23.8% 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: 3993's revenue (4.1% per year) is forecast to grow slower than the Hong Kong market (13.3% per year).
High Growth Revenue: 3993's revenue (4.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 3993's Return on Equity is forecast to be low in 3 years time (11.3%).
How has China Molybdenum performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 3993 has a large one-off loss of CN¥2.2B impacting its December 31 2020 financial results.
Growing Profit Margin: 3993's current net profit margins (2.1%) are lower than last year (2.7%).
Past Earnings Growth Analysis
Earnings Trend: 3993's earnings have grown by 15.8% per year over the past 5 years.
Accelerating Growth: 3993's earnings growth over the past year (25.3%) exceeds its 5-year average (15.8% per year).
Earnings vs Industry: 3993 earnings growth over the past year (25.3%) underperformed the Metals and Mining industry 27.4%.
Return on Equity
High ROE: 3993's Return on Equity (5.2%) is considered low.
How is China Molybdenum's financial position?
Financial Position Analysis
Short Term Liabilities: 3993's short term assets (CN¥57.2B) exceed its short term liabilities (CN¥42.4B).
Long Term Liabilities: 3993's short term assets (CN¥57.2B) exceed its long term liabilities (CN¥32.7B).
Debt to Equity History and Analysis
Debt Level: 3993's debt to equity ratio (99.2%) is considered high.
Reducing Debt: 3993's debt to equity ratio has increased from 55.1% to 99.2% over the past 5 years.
Debt Coverage: 3993's debt is not well covered by operating cash flow (18.1%).
Interest Coverage: 3993's interest payments on its debt are well covered by EBIT (8.7x coverage).
What is China Molybdenum current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 3993's dividend (0.74%) isn’t notable compared to the bottom 25% of dividend payers in the Hong Kong market (1.95%).
High Dividend: 3993's dividend (0.74%) is low compared to the top 25% of dividend payers in the Hong Kong market (5.98%).
Stability and Growth of Payments
Stable Dividend: 3993 is not paying a notable dividend for the Hong Kong market, therefore no need to check if payments are stable.
Growing Dividend: 3993 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: 3993 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 3993's dividend in 3 years as they are not forecast to pay a notable one for the Hong Kong market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Ruiwen Sun (51 yo)
Mr. Ruiwen Sun is a professor-level senior engineer. Mr. Sun has been the chief executive officer & president at China Molybdenum Co., Ltd. since August 28, 2020. From 1990 to 2008, he worked in China Rail...
Experienced Management: 3993's management team is considered experienced (2.7 years average tenure).
Experienced Board: 3993's board of directors are not considered experienced ( 2.7 years average tenure), which suggests a new board.
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
China Molybdenum Co., Ltd.'s company bio, employee growth, exchange listings and data sources
- Name: China Molybdenum Co., Ltd.
- Ticker: 3993
- Exchange: SEHK
- Founded: 2006
- Industry: Diversified Metals and Mining
- Sector: Materials
- Market Cap: HK$137.841b
- Shares outstanding: 21.55b
- Website: https://www.chinamoly.com
Number of Employees
- China Molybdenum Co., Ltd.
- North of Yihe
- Huamei Shan Road
- Henan Province
China Molybdenum Co., Ltd., together with its subsidiaries, engages in the mining, beneficiation, smelting, refining, and trading of copper, cobalt, molybdenum, tungsten, niobium, phosphates, and other bas...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/04/19 10:20|
|End of Day Share Price||2021/04/19 00:00|
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.