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Market Cap

HK$137.8b

Last Updated

2021/04/19 10:20 UTC

Data Sources

Company Financials +

Executive Summary

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


Snowflake Analysis

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.


Market Performance


7 Day Return

3.9%

3993

4.0%

HK Metals and Mining

0.7%

HK Market


1 Year Return

127.6%

3993

123.4%

HK Metals and Mining

28.1%

HK Market

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.


Shareholder returns

3993IndustryMarket
7 Day3.9%4.0%0.7%
30 Day5.0%5.2%-0.2%
90 Day-0.2%25.1%0.2%
1 Year132.0%127.6%129.4%123.4%33.4%28.1%
3 Year4.5%-4.5%33.7%23.3%8.1%-3.8%
5 Year359.4%306.2%129.2%104.7%56.5%28.9%

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

Valuation

Is China Molybdenum undervalued compared to its fair value and its price relative to the market?

0.9%

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).


Future Growth

How is China Molybdenum forecast to perform in the next 1 to 3 years based on estimates from 17 analysts?

23.8%

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%).


Past Performance

How has China Molybdenum performed over the past 5 years?

15.8%

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.


Financial Health

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).


Balance Sheet


Dividend

What is China Molybdenum current dividend yield, its reliability and sustainability?

0.74%

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.


Next Steps

Management

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

2.7yrs

Average management tenure


CEO

Ruiwen Sun (51 yo)

0.67

Tenure

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...


Leadership Team

Experienced Management: 3993's management team is considered experienced (2.7 years average tenure).


Board Members

Experienced Board: 3993's board of directors are not considered experienced ( 2.7 years average tenure), which suggests a new board.


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

China Molybdenum Co., Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • 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


Location

  • China Molybdenum Co., Ltd.
  • North of Yihe
  • Huamei Shan Road
  • Luoyang
  • Henan Province
  • 471500
  • China

Listings


Biography

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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/04/19 10:20
End of Day Share Price2021/04/19 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


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.