Financials Jiangxi Copper Company Limited

Equities

358

CNE1000003K3

Specialty Mining & Metals

Market Closed - Hong Kong S.E. 01:38:16 02/05/2024 pm IST 5-day change 1st Jan Change
15.96 HKD -0.87% Intraday chart for Jiangxi Copper Company Limited +4.31% +44.57%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 48,416 55,606 60,457 50,232 51,035 74,543 - -
Enterprise Value (EV) 1 80,577 89,070 78,431 70,885 72,318 1,06,540 99,190 1,00,624
P/E ratio 13.7 x 16 x 6.24 x 5.88 x - 6.81 x 6.41 x 6.5 x
Yield 1.04% 0.98% 4.92% 4.91% - 3.92% 4.59% 4.38%
Capitalization / Revenue 0.2 x 0.17 x 0.14 x 0.1 x 0.1 x 0.14 x 0.12 x 0.13 x
EV / Revenue 0.34 x 0.28 x 0.18 x 0.15 x 0.14 x 0.19 x 0.16 x 0.17 x
EV / EBITDA 11.1 x 11.2 x 7.85 x 5.25 x 6.42 x 8.34 x 6.54 x 7.1 x
EV / FCF 1,63,45,005 x -4,25,98,036 x 1,27,31,945 x - - - - -
FCF Yield 0% -0% 0% - - - - -
Price to Book 0.63 x 0.59 x 0.5 x 0.48 x - 0.7 x 0.63 x 0.61 x
Nbr of stocks (in thousands) 34,62,729 34,62,729 34,62,729 34,62,729 34,62,729 34,53,892 - -
Reference price 2 9.580 10.25 10.17 10.17 10.03 14.78 14.78 14.78
Announcement Date 30/03/20 29/03/21 25/03/22 24/03/23 27/03/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 2,39,585 3,17,756 4,42,768 4,79,938 5,21,893 5,51,926 6,03,566 5,95,064
EBITDA 1 7,236 7,924 9,993 13,499 11,267 12,778 15,168 14,169
EBIT 1 5,237 5,240 7,430 7,646 8,419 9,900 11,718 11,045
Operating Margin 2.19% 1.65% 1.68% 1.59% 1.61% 1.79% 1.94% 1.86%
Earnings before Tax (EBT) 1 3,135 3,252 7,301 7,492 8,380 9,861 10,407 9,319
Net income 1 2,438 2,320 5,636 5,994 6,505 7,335 8,136 7,279
Net margin 1.02% 0.73% 1.27% 1.25% 1.25% 1.33% 1.35% 1.22%
EPS 2 0.7000 0.6400 1.630 1.730 - 2.169 2.307 2.276
Free Cash Flow 4,930 -2,091 6,160 - - - - -
FCF margin 2.06% -0.66% 1.39% - - - - -
FCF Conversion (EBITDA) 68.13% - 61.64% - - - - -
FCF Conversion (Net income) 202.21% - 109.31% - - - - -
Dividend per Share 2 0.1000 0.1000 0.5000 0.5000 - 0.5788 0.6781 0.6478
Announcement Date 30/03/20 29/03/21 25/03/22 24/03/23 27/03/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2019 S2 2020 S1 2020 S2 2021 S1 2021 Q4 2021 S2 2022 Q1 2022 Q2 2022 S1 2022 Q3 2022 Q4 2022 S2 2023 Q1 2023 Q2 2023 S1 2023 Q3 2023 S2 2024 Q1 2024 Q2 2024 S1 2024 Q3 2024 Q4 2024 S2
Net sales 1,34,891 1,46,625 1,71,131 2,26,237 - 2,15,973 - - 2,54,588 - - 2,24,690 - - 2,67,526 1,32,029 2,54,366 - - 2,73,240 - - 2,71,722
EBITDA - - 4,989 - - - - - - - - - - - - - - - - - - - -
EBIT - - 3,551 4,150 - 3,401 - - 3,565 - - 2,928 - - 4,335 2,151 4,084 - - 6,050 - - 6,830
Operating Margin - - 2.07% 1.83% - 1.57% - - 1.4% - - 1.3% - - 1.62% 1.63% 1.61% - - 2.21% - - 2.51%
Earnings before Tax (EBT) - - 2,043 - - - - - - - - - - - - - - - - - - - -
Net income - 787 1,441 - - - - - - - - - - - - - - - - - - - -
Net margin - 0.54% 0.84% - - - - - - - - - - - - - - - - - - - -
EPS 1 0.2900 0.2300 0.4100 0.9100 0.3300 0.7200 0.4300 0.6100 1.040 0.3700 0.3200 0.6900 0.5100 0.4900 1.000 - - 0.5000 0.5700 1.030 0.4900 0.4200 1.270
Dividend per Share - - - - - - - - - - - - - - - - - - - - - - -
Announcement Date 30/03/20 28/08/20 29/03/21 27/08/21 25/03/22 25/03/22 28/04/22 25/08/22 25/08/22 27/10/22 24/03/23 24/03/23 24/04/23 25/08/23 25/08/23 27/10/23 27/03/24 26/04/24 - - - - -
1CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 32,161 33,464 17,974 20,654 21,282 31,997 24,647 26,081
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 4.445 x 4.223 x 1.799 x 1.53 x 1.889 x 2.504 x 1.625 x 1.841 x
Free Cash Flow 4,930 -2,091 6,160 - - - - -
ROE (net income / shareholders' equity) 4.76% 3.96% 8.69% 8.36% 9.23% 10.6% 8.82% 10.1%
ROA (Net income/ Total Assets) 2.05% 1.62% 4.7% 3.3% - 1.71% 1.57% 4.42%
Assets 1 1,18,890 1,43,678 1,19,916 1,81,668 - 4,50,889 5,18,211 1,64,693
Book Value Per Share 2 15.20 17.30 20.20 21.20 - 21.10 23.40 24.20
Cash Flow per Share 2 2.380 -0.6500 2.610 3.070 - 2.400 3.570 2.910
Capex 1 3,323 3,473 2,761 5,105 6,765 8,973 5,498 6,040
Capex / Sales 1.39% 1.09% 0.62% 1.06% 1.3% 1.57% 0.91% 1.02%
Announcement Date 30/03/20 29/03/21 25/03/22 24/03/23 27/03/24 - - -
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B+
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
8
Last Close Price
14.78 CNY
Average target price
16.68 CNY
Spread / Average Target
+12.83%
Consensus
  1. Stock Market
  2. Equities
  3. 358 Stock
  4. Financials Jiangxi Copper Company Limited