Ha Giang Mineral Mechanics (HNX:HGM) - Share price, News & Analysis

HGM fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	0/6
Past Performance	5/6
Financial Health	6/6
Dividends	3/6

HGM Stock Overview

Ha Giang Mineral Mechanics Joint Stock Company engages in mining mineral ores in Vietnam and internationally.

Rewards

Trading at 7.7% below our estimate of its fair value

Earnings grew by 359.8% over the past year

Risk Analysis

Shares are highly illiquid

High level of non-cash earnings

Unstable dividend track record

Does not have a meaningful market cap (₫596B)

Ha Giang Mineral Mechanics Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Ha Giang Mineral Mechanics
Historical stock prices
Current Share Price	₫50,000.00
52 Week High	₫50,000.00
52 Week Low	₫30,700.00
Beta	0.29
1 Month Change	3.09%
3 Month Change	18.20%
1 Year Change	36.99%
3 Year Change	21.07%
5 Year Change	42.86%
Change since IPO	44.93%

Shareholder Returns

	HGM	VN Metals and Mining	VN Market
7D	3.1%	4.7%	4.7%
1Y	37.0%	-21.9%	-3.4%

Return vs Industry: HGM exceeded the VN Metals and Mining industry which returned -21.9% over the past year.

Return vs Market: HGM exceeded the VN Market which returned -3.4% over the past year.

Price Volatility

Is HGM's price volatile compared to industry and market?
HGM volatility
HGM Average Weekly Movement	n/a
Metals and Mining Industry Average Movement	7.2%
Market Average Movement	7.6%
10% most volatile stocks in VN Market	10.7%
10% least volatile stocks in VN Market	4.4%

Stable Share Price: Insufficient data to determine HGM's volatility over the past 3 months.

Volatility Over Time: Insufficient data to determine HGM's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
n/a	n/a	n/a	https://www.hgm.vn

Ha Giang Mineral Mechanics Joint Stock Company engages in mining mineral ores in Vietnam and internationally. The company primarily explores for antimony, and refined lead and zinc ores. Its antimony products are used in various manufacturing industries, which include battery, anti-friction alloy, alloy printed lettering, cable sheathing, matches, lead solder, linen type printers; medicines for the control of parasitic protozoa; and bearings in internal combustion engines.

Ha Giang Mineral Mechanics Fundamentals Summary

How do Ha Giang Mineral Mechanics's earnings and revenue compare to its market cap?
HGM fundamental statistics
Market Cap	₫596.04b
Earnings (TTM)	₫81.73b
Revenue (TTM)	₫173.06b

7.3x

P/E Ratio

3.4x

P/S Ratio

Is HGM overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
HGM income statement (TTM)
Revenue	₫173.06b
Cost of Revenue	₫74.06b
Gross Profit	₫99.00b
Other Expenses	₫17.27b
Earnings	₫81.73b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	6.86k
Gross Margin	57.21%
Net Profit Margin	47.23%
Debt/Equity Ratio	0.0%

How did HGM perform over the long term?

See historical performance and comparison

Dividends

4.0%

Current Dividend Yield

28%

Payout Ratio

Valuation

Is Ha Giang Mineral Mechanics undervalued compared to its fair value and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry

7.7%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: HGM (₫50000) is trading below our estimate of fair value (₫54164.17)

Significantly Below Fair Value: HGM is trading below fair value, but not by a significant amount.

Price To Earnings Ratio

PE vs Industry: HGM's PE Ratio (7.3x) is in line with the VN Metals and Mining industry average.

PE vs Market: HGM is good value based on its PE Ratio (7.3x) compared to the VN market (12.7x).

Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate HGM's PEG Ratio to determine if it is good value.

Price to Book Ratio

PB vs Industry: HGM is overvalued based on its PB Ratio (2.7x) compared to the VN Metals and Mining industry average (1x).

Future Growth

How is Ha Giang Mineral Mechanics forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

7.9%

Forecasted Materials industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Ha Giang Mineral Mechanics has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

Past Performance

How has Ha Giang Mineral Mechanics performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

22.4%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: HGM has a high level of non-cash earnings.

Growing Profit Margin: HGM's current net profit margins (47.2%) are higher than last year (17.5%).

Past Earnings Growth Analysis

Earnings Trend: HGM's earnings have grown significantly by 22.4% per year over the past 5 years.

Accelerating Growth: HGM's earnings growth over the past year (359.8%) exceeds its 5-year average (22.4% per year).

Earnings vs Industry: HGM earnings growth over the past year (359.8%) exceeded the Metals and Mining industry 25.2%.

Return on Equity

High ROE: HGM's Return on Equity (36.5%) is considered high.

Financial Health

How is Ha Giang Mineral Mechanics's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage

Financial Position Analysis

Short Term Liabilities: HGM's short term assets (₫148.5B) exceed its short term liabilities (₫20.8B).

Long Term Liabilities: HGM's short term assets (₫148.5B) exceed its long term liabilities (₫13.2B).

Debt to Equity History and Analysis

Debt Level: HGM is debt free.

Reducing Debt: HGM had no debt 5 years ago.

Debt Coverage: HGM has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: HGM has no debt, therefore coverage of interest payments is not a concern.

Balance Sheet

Dividend

What is Ha Giang Mineral Mechanics's current dividend yield, its reliability and sustainability?

Dividend Score

2/6

Dividend Score 2/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

4.00%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: HGM's dividend (4%) is higher than the bottom 25% of dividend payers in the VN market (2.87%).

High Dividend: HGM's dividend (4%) is low compared to the top 25% of dividend payers in the VN market (7.26%).

Stability and Growth of Payments

Stable Dividend: Too early to tell whether HGM's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if HGM's dividend payments are increasing as they only just started paying a dividend.

Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (27.6%), HGM's dividend payments are well covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: With its reasonable cash payout ratio (67.1%), HGM's dividend payments are covered by cash flows.

Discover strong dividend paying companies

Management

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

CEO

Ha Giang Mineral Mechanics has no CEO, or we have no data on them.

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.

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Data	Last Updated (UTC time)
Company Analysis	2022/05/23 00:00
End of Day Share Price	2022/05/17 00:00
Earnings	2022/03/31
Annual Earnings	2021/12/31