Company Valuation: Shandong Gold Mining Co., Ltd.

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 95,916 77,359 80,255 94,218 91,933 2,01,487 2,01,487 -
Change - -19.35% 3.74% 17.4% -2.42% 119.17% 0% -
Enterprise Value (EV) 1 1,02,626 85,126 91,431 1,35,137 1,44,633 2,48,773 2,47,223 2,42,792
Change - -17.05% 7.41% 47.8% 7.03% 72% -0.62% -1.79%
P/E ratio 45.4x -209x 95.8x 54.5x 39.7x 35.1x 23.7x 21.8x
PBR 4.12x 2.88x 3.74x 3.09x 4.07x 4.88x 4.22x 3.71x
PEG - 2x -0x 0x 1.1x 0x 0.5x 2.42x
Capitalization / Revenue 1.51x 2.28x 1.6x 1.59x 1.11x 1.83x 1.59x 1.56x
EV / Revenue 1.61x 2.51x 1.82x 2.28x 1.75x 2.26x 1.95x 1.88x
EV / EBITDA 16.6x 33.6x 17.4x 14.3x 13.6x 11.2x 8.59x 8.16x
EV / EBIT 28.8x 1,243x 43.5x 25.1x 25.2x 18.4x 14.1x 12.3x
EV / FCF 98.3x -53.8x - -58x -21.4x 36.3x 40.9x 29.3x
FCF Yield 1.02% -1.86% - -1.72% -4.67% 2.76% 2.45% 3.42%
Dividend per Share 2 0.05 0.05 0.07 0.14 0.148 0.4912 0.7858 0.8064
Rate of return 0.21% 0.27% 0.37% 0.61% 0.65% 1.06% 1.69% 1.73%
EPS 2 0.52 -0.09 0.2 0.42 0.57 1.325 1.961 2.138
Distribution rate 9.62% -55.6% 35% 33.3% 26% 37.1% 40.1% 37.7%
Net sales 1 63,664 33,935 50,306 59,275 82,518 1,09,884 1,26,638 1,28,848
EBITDA 1 6,176 2,535 5,263 9,476 10,633 22,188 28,777 29,746
EBIT 1 3,567 68.48 2,102 5,378 5,744 13,486 17,521 19,684
Net income 1 2,257 -193.7 1,246 1,804 2,952 5,716 9,405 9,745
Net Debt 1 6,710 7,767 11,176 40,920 52,700 47,286 45,736 41,305
Reference price 2 23.62 18.82 19.16 22.87 22.63 46.51 46.51 46.51
Nbr of stocks (in thousands) 43,13,947 44,73,430 44,73,430 44,73,430 44,73,430 46,09,930 46,09,930 -
Announcement Date 30/03/21 28/03/22 29/03/23 28/03/24 27/03/25 - - -
1CNY in Million2CNY
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
35.1x2.26x11.21x1.06% 2.92TCr
18.48x2.72x12.29x1.82% 14TCr
34.3x - - 0.89% 747.32Cr
Average 29.29x 2.49x 11.75x 1.25% 5.74TCr
Weighted average by Cap. 21.99x 2.64x 12.10x 1.65%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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