Company Valuation: Zhaojin Mining Industry Company Limited

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 17,744 25,110 28,825 35,042 97,854 93,302 - -
Change - 41.51% 14.79% 21.57% 179.25% -4.65% - -
Enterprise Value (EV) 1 30,395 40,304 40,507 52,788 1,13,823 1,08,739 1,02,467 95,014
Change - 32.6% 0.5% 30.32% 115.62% -4.47% -5.77% -7.27%
P/E ratio 543x 110x 63x 29.4x 28.8x 14.3x 12.4x 10.6x
PBR 1.09x 1.51x 1.54x 1.65x 3.93x 3.12x 2.53x 2.08x
PEG - 0x 1x 0x 0x 0.2x 0.8x 0.7x
Capitalization / Revenue 2.59x 3.18x 3.42x 3.03x 5.42x 4.15x 3.76x 2.98x
EV / Revenue 4.43x 5.11x 4.81x 4.57x 6.3x 4.83x 4.13x 3.03x
EV / EBITDA 14.8x 17.8x 14.8x 12.8x 14.5x 8.57x 6.76x 5.88x
EV / EBIT 26.1x 31.6x 23.4x 19.1x 18.8x 9.67x 8.95x 6.92x
EV / FCF - -52.5x - 74.9x - 27.9x 20.9x 17.8x
FCF Yield - -1.91% - 1.33% - 3.59% 4.78% 5.63%
Dividend per Share 2 - 0.04 0.04 0.05 0.1 0.191 0.2068 0.2284
Rate of return - 0.52% 0.45% 0.49% 0.36% 0.73% 0.79% 0.87%
EPS 2 0.01 0.07 0.14 0.35 0.96 1.84 2.132 2.476
Distribution rate - 57.1% 28.6% 14.3% 10.4% 10.4% 9.7% 9.22%
Net sales 1 6,859 7,886 8,424 11,551 18,056 22,504 24,786 31,351
EBITDA 1 2,055 2,261 2,729 4,118 7,849 12,681 15,154 16,154
EBIT 1 1,165 1,275 1,733 2,763 6,051 11,243 11,451 13,731
Net income 1 33.7 402 686.4 1,451 3,614 6,251 7,225 8,442
Net Debt 1 12,651 15,194 11,682 17,747 15,969 15,437 9,165 1,712
Reference price 2 5.43 7.68 8.81 10.30 27.62 26.34 26.34 26.34
Nbr of stocks (in thousands) 32,70,393 32,70,393 32,70,393 34,02,393 35,42,393 35,42,393 - -
Announcement Date 21/03/22 24/03/23 22/03/24 21/03/25 22/03/26 - - -
1CNY in Million2CNY
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
14.69x4.94x8.77x0.71% 1.4TCr
10.81x3.83x5.9x0.93% 12TCr
13.95x5.63x7.82x0.83% 10TCr
10.63x2.92x4.12x1.92% 6.79TCr
26.64x16.53x19.17x0.54% 6.45TCr
9.53x3.5x4.84x4.01% 5.08TCr
10.28x3.65x5.25x0.45% 3.84TCr
19.89x4.5x8.54x2.11% 2.43TCr
20.5x9.99x12.21x0.76% 2.15TCr
15.21x6.04x8.11x0.26% 1.87TCr
Average 15.21x 6.15x 8.47x 1.25% 5.19TCr
Weighted average by Cap. 14.29x 5.99x 8.08x 1.28%

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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