Company Valuation: Zijin Mining Group Company Limited

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 2,24,872 2,43,126 2,59,576 3,22,284 3,90,273 9,86,318 9,86,318 -
Change - 8.12% 6.77% 24.16% 21.1% 152.72% 0% -
Enterprise Value (EV) 1 2,86,804 3,06,978 3,63,334 4,45,672 5,07,483 10,85,254 10,39,467 10,13,609
Change - 7.03% 18.36% 22.66% 13.87% 113.85% -4.22% -2.49%
P/E ratio 37.2x 16.2x 13.2x 15.6x 12.6x 19.5x 15.3x 13.9x
PBR 4.61x 3.6x 2.96x 3.05x 2.91x 5.51x 4.35x 3.55x
PEG - 0x 0.5x 2.96x 0.3x 0.3x 0.6x 1.4x
Capitalization / Revenue 1.31x 1.08x 0.96x 1.1x 1.29x 2.68x 2.35x 2.27x
EV / Revenue 1.67x 1.36x 1.34x 1.52x 1.67x 2.95x 2.48x 2.33x
EV / EBITDA 15.4x 9.24x 8.86x 9.88x 8.57x 12.9x 9.56x 8.48x
EV / EBIT 25.5x 12.2x 11.7x 14x 10.4x 14.8x 10.8x 9.6x
EV / FCF 594x 51.7x 90.4x 68.2x 20.8x 36.5x 18.2x 14.8x
FCF Yield 0.17% 1.94% 1.11% 1.47% 4.81% 2.74% 5.5% 6.74%
Dividend per Share 2 0.12 0.2 0.2 0.2 0.28 0.6049 0.7508 0.8772
Rate of return 1.29% 2.06% 2% 1.61% 1.85% 1.61% 2% 2.34%
EPS 2 0.25 0.6 0.76 0.8 1.2 1.925 2.458 2.705
Distribution rate 48% 33.3% 26.3% 25% 23.3% 31.4% 30.5% 32.4%
Net sales 1 1,71,501 2,25,102 2,70,329 2,93,403 3,03,640 3,68,031 4,19,557 4,35,061
EBITDA 1 18,609 33,207 40,989 45,109 59,202 83,864 1,08,737 1,19,590
EBIT 1 11,240 25,087 30,946 31,937 48,827 73,145 96,341 1,05,572
Net income 1 6,509 15,673 20,042 21,119 32,051 51,230 64,793 71,801
Net Debt 1 61,932 63,852 1,03,758 1,23,387 1,17,209 98,936 53,149 27,291
Reference price 2 9.29 9.70 10.00 12.46 15.12 37.56 37.56 37.56
Nbr of stocks (in thousands) 2,53,77,260 2,63,30,112 2,63,25,562 2,62,86,311 2,65,37,629 2,64,85,472 2,64,85,472 -
Announcement Date 19/03/21 18/03/22 24/03/23 22/03/24 21/03/25 - - -
1CNY in Million2CNY
Estimates

P/E ratio, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
37.05x2.57x13.28x1% 3.2TCr
23.89x - - 1.27% 514.79Cr
Average 30.47x 2.57x 13.28x 1.14% 1.86TCr
Weighted average by Cap. 35.23x 2.57x 13.28x 1.04%
See all sector valuations

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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