New Risk • May 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Peruvian stocks, typically moving 6.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 158% Dividend per share is over 17x cash flows per share. Earnings have declined by 17% per year over the past 5 years. High level of non-cash earnings (101% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (6.5% average weekly change). Reported Earnings • May 01
First quarter 2026 earnings released: EPS: S/0.74 (vs S/0.56 in 1Q 2025) First quarter 2026 results: EPS: S/0.74 (up from S/0.56 in 1Q 2025). Revenue: S/1.39b (up 4.3% from 1Q 2025). Net income: S/330.8m (up 32% from 1Q 2025). Profit margin: 24% (up from 19% in 1Q 2025). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Upcoming Dividend • Apr 13
Upcoming dividend of S/1.41 per share Eligible shareholders must have bought the stock before 20 April 2026. Payment date: 18 May 2026. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 17%. Within top quartile of Peruvian dividend payers (12%). Higher than average of industry peers (7.7%). Board Change • Apr 07
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Chairman of the Board Zhang Liang was the last director to join the board, commencing their role in 2026. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Mar 23
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Chairman of the Board Zhang Liang was the last director to join the board, commencing their role in 2026. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Feb 26
Shougang Hierro Peru S.a.a., Annual General Meeting, Mar 23, 2026 Shougang Hierro Peru S.a.a., Annual General Meeting, Mar 23, 2026, at 10:00 SA Pacific Standard Time. Location: av republica de chile, n 262 distrito de jesus maria, provincia y departamento de lima, lima Peru Reported Earnings • Feb 20
Full year 2025 earnings released: EPS: S/2.83 (vs S/4.68 in FY 2024) Full year 2025 results: EPS: S/2.83 (down from S/4.68 in FY 2024). Revenue: S/4.38b (down 25% from FY 2024). Net income: S/1.26b (down 40% from FY 2024). Profit margin: 29% (down from 36% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 15% per year whereas the company’s share price has fallen by 10% per year. Board Change • Dec 04
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Director Zhang Shaomin was the last director to join the board, commencing their role in 2025. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Oct 29
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Director Zhang Shaomin was the last director to join the board, commencing their role in 2025. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Sep 23
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Director Zhang Shaomin was the last director to join the board, commencing their role in 2025. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Sep 04
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Peruvian stocks, typically moving 4.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 193% Dividend per share is over 11x cash flows per share. Earnings have declined by 0.9% per year over the past 5 years. High level of non-cash earnings (93% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (4.0% average weekly change). Profit margins are more than 30% lower than last year (28% net profit margin). Board Change • Aug 07
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Director Zhang Shaomin was the last director to join the board, commencing their role in 2025. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 02
Second quarter 2025 earnings released Second quarter 2025 results: Revenue: S/240.7m (down 83% from 2Q 2024). Net income: S/178.9m (down 77% from 2Q 2024). Profit margin: 74% (up from 55% in 2Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Board Change • May 12
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Director Zhang Shaomin was the last director to join the board, commencing their role in 2025. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Mar 03
Shougang Hierro Peru S.a.a., Annual General Meeting, Mar 28, 2025 Shougang Hierro Peru S.a.a., Annual General Meeting, Mar 28, 2025, at 10:00 SA Pacific Standard Time. Location: av republica de chile 262 jesus maria, lima Peru Reported Earnings • Feb 24
Full year 2024 earnings released: EPS: S/4.68 (vs S/5.24 in FY 2023) Full year 2024 results: EPS: S/4.68 (down from S/5.24 in FY 2023). Revenue: S/5.86b (down 6.2% from FY 2023). Net income: S/2.09b (down 11% from FY 2023). Profit margin: 36% (down from 37% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. New Risk • Feb 13
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Peruvian stocks, typically moving 4.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (4.8% average weekly change). Board Change • Feb 05
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 4 highly experienced directors. No independent directors (5 non-independent directors). Chairman of the Board Yao Shun was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Dec 11
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 2 highly experienced directors. No independent directors (5 non-independent directors). Chairman of the Board Yao Shun was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Nov 25
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 2 highly experienced directors. No independent directors (5 non-independent directors). Chairman of the Board Yao Shun was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Oct 29
Third quarter 2024 earnings released: EPS: S/0.54 (vs S/1.17 in 3Q 2023) Third quarter 2024 results: EPS: S/0.54 (down from S/1.17 in 3Q 2023). Revenue: S/1.24b (down 19% from 3Q 2023). Net income: S/241.3m (down 54% from 3Q 2023). Profit margin: 20% (down from 34% in 3Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings. New Risk • Aug 11
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Peruvian stocks, typically moving 4.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (4.4% average weekly change). Reported Earnings • Jul 30
Second quarter 2024 earnings released: EPS: S/1.77 (vs S/0.75 in 2Q 2023) Second quarter 2024 results: EPS: S/1.77 (up from S/0.75 in 2Q 2023). Revenue: S/1.43b (up 13% from 2Q 2023). Net income: S/791.0m (up 136% from 2Q 2023). Profit margin: 55% (up from 27% in 2Q 2023). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 27% per year, which means it is well ahead of earnings. Upcoming Dividend • Apr 12
Upcoming dividend of S/2.62 per share Eligible shareholders must have bought the stock before 19 April 2024. Payment date: 15 May 2024. The company is paying out more than 100% of its profits and is paying out 98% of its cash flow. Trailing yield: 9.6%. Lower than top quartile of Peruvian dividend payers (12%). Higher than average of industry peers (6.0%). Reported Earnings • Mar 28
Full year 2023 earnings released: EPS: S/5.24 (vs S/4.89 in FY 2022) Full year 2023 results: EPS: S/5.24 (up from S/4.89 in FY 2022). Revenue: S/6.25b (down 4.2% from FY 2022). Net income: S/2.34b (up 7.2% from FY 2022). Profit margin: 37% (up from 33% in FY 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 203% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jan 22
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to S/56.99, the stock trades at a trailing P/E ratio of 13.9x. Average trailing P/E is 10x in the Metals and Mining industry in Peru. Total returns to shareholders of 4,283% over the past three years. New Risk • Dec 05
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Peruvian stocks, typically moving 5.0% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (5.0% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 119% Cash payout ratio: 108% Valuation Update With 7 Day Price Move • Dec 04
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to S/45.25, the stock trades at a trailing P/E ratio of 11.1x. Average trailing P/E is 8x in the Metals and Mining industry in Peru. Total returns to shareholders of 3,380% over the past three years. Reported Earnings • Oct 28
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: S/1.53b (up 13% from 3Q 2022). Net income: S/520.3m (down 5.0% from 3Q 2022). Profit margin: 34% (down from 41% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 159% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Oct 11
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Peruvian stocks, typically moving 5.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 118% Cash payout ratio: 125% Minor Risk Share price has been volatile over the past 3 months (5.0% average weekly change). Reported Earnings • Jul 26
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: S/1.27b (down 22% from 2Q 2022). Net income: S/334.8m (down 56% from 2Q 2022). Profit margin: 27% (down from 47% in 2Q 2022). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 75% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Apr 01
Full year 2022 earnings released: EPS: S/4.89 (vs S/8.53 in FY 2021) Full year 2022 results: EPS: S/4.89 (down from S/8.53 in FY 2021). Revenue: S/6.52b (down 22% from FY 2021). Net income: S/2.18b (down 43% from FY 2021). Profit margin: 33% (down from 46% in FY 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has increased by 84% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Dec 21
Investor sentiment improved over the past week After last week's 27% share price gain to S/42.60, the stock trades at a trailing P/E ratio of 8.5x. Average trailing P/E is 6x in the Metals and Mining industry in Peru. Total returns to shareholders of 2,709% over the past three years. Valuation Update With 7 Day Price Move • Dec 07
Investor sentiment improved over the past week After last week's 17% share price gain to S/28.09, the stock trades at a trailing P/E ratio of 5.6x. Average trailing P/E is 5x in the Metals and Mining industry in Peru. Total returns to shareholders of 1,752% over the past three years. Board Change • Nov 16
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Chairman of the Board Yao Shun was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 27
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: S/1.34b (down 34% from 3Q 2021). Net income: S/547.8m (down 51% from 3Q 2021). Profit margin: 41% (down from 54% in 3Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has increased by 68% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Aug 06
Investor sentiment improved over the past week After last week's 24% share price gain to S/25.40, the stock trades at a trailing P/E ratio of 4x. Average trailing P/E is 5x in the Metals and Mining industry in Peru. Total returns to shareholders of 1,813% over the past three years. Reported Earnings • Jul 26
Second quarter 2022 earnings released Second quarter 2022 results: Revenue: S/1.63b (down 33% from 2Q 2021). Net income: S/759.0m (down 38% from 2Q 2021). Profit margin: 47% (down from 50% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 69% per year whereas the company’s share price has increased by 64% per year. Board Change • Apr 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Chairman of the Board Yao Shun was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Apr 22
Investor sentiment deteriorated over the past week After last week's 29% share price decline to S/20.47, the stock trades at a trailing P/E ratio of 2.4x. Average trailing P/E is 6x in the Metals and Mining industry in Peru. Total returns to shareholders of 1,482% over the past three years. Upcoming Dividend • Apr 14
Upcoming dividend of S/8.53 per share Eligible shareholders must have bought the stock before 21 April 2022. Payment date: 20 May 2022. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 29%. Within top quartile of Peruvian dividend payers (18%). Higher than average of industry peers (8.0%). Reported Earnings • Oct 28
Third quarter 2021 earnings released The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: S/2.05b (up 84% from 3Q 2020). Net income: S/1.12b (up 184% from 3Q 2020). Profit margin: 54% (up from 35% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has only increased by 65% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jun 28
Investor sentiment improved over the past week After last week's 1,063% share price gain to S/25.00, the stock trades at a trailing P/E ratio of 5.2x. Average trailing P/E is 7x in the Metals and Mining industry in Peru. Total returns to shareholders of 1,280% over the past three years. Upcoming Dividend • Apr 15
Upcoming dividend of S/2.85 per share Eligible shareholders must have bought the stock before 22 April 2021. Payment date: 10 May 2021. Trailing yield: 154%. Within top quartile of Peruvian dividend payers (14%). Higher than average of industry peers (5.3%).