Financials Zijin Mining Group Company Limited Shanghai S.E.

Equities

601899

CNE100000B24

Gold

End-of-day quote Shanghai S.E. 03:30:00 17/06/2024 am IST 5-day change 1st Jan Change
17.04 CNY -0.29% Intraday chart for Zijin Mining Group Company Limited -4.05% +36.76%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 1,10,016 2,24,769 2,43,167 2,59,171 3,22,710 4,33,385 - -
Enterprise Value (EV) 1 1,49,793 2,86,701 3,07,019 3,62,929 4,46,097 5,31,235 5,10,330 4,88,153
P/E ratio 19.3 x 29.6 x 12.6 x 12.3 x 14.5 x 14.1 x 11.2 x 10 x
Yield 2.88% 1.62% 2.64% 2.14% 2.16% 2.17% 2.8% 3.21%
Capitalization / Revenue 0.81 x 1.31 x 1.08 x 0.96 x 1.1 x 1.3 x 1.17 x 1.15 x
EV / Revenue 1.1 x 1.67 x 1.36 x 1.34 x 1.52 x 1.59 x 1.38 x 1.3 x
EV / EBITDA 11.5 x 15.4 x 9.25 x 8.85 x 10.6 x 10 x 8.03 x 7 x
EV / FCF -147 x 594 x 51.7 x 90.3 x 68.3 x 40.8 x 23.8 x 14.9 x
FCF Yield -0.68% 0.17% 1.94% 1.11% 1.46% 2.45% 4.21% 6.71%
Price to Book 1.58 x 3.32 x 2.8 x 2.77 x 2.83 x 3.07 x 2.59 x 2.22 x
Nbr of stocks (in thousands) 2,53,77,260 2,53,77,260 2,63,30,112 2,63,25,562 2,62,86,311 2,62,85,729 - -
Reference price 2 3.467 7.390 7.561 9.344 11.56 15.16 15.16 15.16
Announcement Date 20/03/20 19/03/21 18/03/22 24/03/23 22/03/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 1,36,098 1,71,501 2,25,102 2,70,329 2,93,403 3,34,653 3,69,677 3,76,331
EBITDA 1 12,982 18,609 33,207 40,989 42,036 53,142 63,534 69,750
EBIT 1 7,242 11,240 25,087 30,946 31,937 41,663 50,750 57,126
Operating Margin 5.32% 6.55% 11.14% 11.45% 10.88% 12.45% 13.73% 15.18%
Earnings before Tax (EBT) 1 6,974 10,846 24,794 29,993 31,287 42,341 52,603 59,209
Net income 1 4,284 6,509 15,673 20,042 21,119 28,226 34,943 39,291
Net margin 3.15% 3.8% 6.96% 7.41% 7.2% 8.43% 9.45% 10.44%
EPS 2 0.1800 0.2500 0.6000 0.7600 0.8000 1.077 1.358 1.514
Free Cash Flow 1 -1,021 482.5 5,941 4,021 6,531 13,024 21,461 32,743
FCF margin -0.75% 0.28% 2.64% 1.49% 2.23% 3.89% 5.81% 8.7%
FCF Conversion (EBITDA) - 2.59% 17.89% 9.81% 15.54% 24.51% 33.78% 46.94%
FCF Conversion (Net income) - 7.41% 37.91% 20.06% 30.93% 46.14% 61.42% 83.33%
Dividend per Share 2 0.1000 0.1200 0.2000 0.2000 0.2500 0.3294 0.4240 0.4868
Announcement Date 20/03/20 19/03/21 18/03/22 24/03/23 22/03/24 - - -
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 Q4 2023 S2 2024 Q1 2024 Q2 2024 S1 2024 Q3 2024 Q4 2024 S2 2025 S1 2025 S2
Net sales 1 68,900 83,142 88,359 1,09,863 56,127 1,15,239 64,771 67,687 1,32,458 71,734 66,138 1,37,871 74,945 75,389 1,50,334 74,674 89,694 1,43,070 74,777 80,844 1,52,905 84,146 87,581 1,61,137 1,73,371 1,74,356
EBITDA 1 - 7,555 - - - - 10,443 10,530 - 8,094 11,923 - - - - - - - - 15,903 - 14,297 14,759 - - -
EBIT 1 - 4,360 - 11,633 - 13,453 8,982 9,734 18,717 6,436 5,793 12,229 8,203 7,539 15,743 8,579 7,615 16,194 9,081 10,450 17,594 11,324 11,786 22,131 29,576 30,143
Operating Margin - 5.24% - 10.59% - 11.67% 13.87% 14.38% 14.13% 8.97% 8.76% 8.87% 10.95% 10% 10.47% 11.49% 8.49% 11.32% 12.14% 12.93% 11.51% 13.46% 13.46% 13.73% 17.06% 17.29%
Earnings before Tax (EBT) 1 - 4,095 - - - - 8,911 9,659 - 6,307 5,116 - 8,110 7,435 - 8,395 7,348 - 8,828 10,103 - 10,962 11,410 - - -
Net income 1 - 2,421 - - - - 6,124 6,506 12,630 4,037 3,375 - 5,442 4,860 10,302 5,863 4,954 - 6,261 6,970 - 7,255 7,551 - - -
Net margin - 2.91% - - - - 9.45% 9.61% 9.54% 5.63% 5.1% - 7.26% 6.45% 6.85% 7.85% 5.52% - 8.37% 8.62% - 8.62% 8.62% - - -
EPS 2 0.1000 0.1000 0.1550 0.2620 0.1600 0.3380 0.2330 0.2470 0.4800 0.1500 0.1300 - 0.2070 0.1800 0.3910 - 0.1850 0.4090 0.2380 0.2700 0.4800 0.3100 0.2400 0.6200 0.8600 0.8900
Dividend per Share - - - - - - - - - - - - - - - - - - - - - - - - - -
Announcement Date 20/03/20 21/08/20 19/03/21 30/07/21 18/03/22 18/03/22 11/04/22 12/08/22 12/08/22 21/10/22 24/03/23 24/03/23 27/04/23 25/08/23 25/08/23 28/10/23 22/03/24 22/03/24 22/04/24 - - - - - - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 39,777 61,932 63,852 1,03,758 1,23,387 97,850 76,945 54,767
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 3.064 x 3.328 x 1.923 x 2.531 x 2.935 x 1.841 x 1.211 x 0.7852 x
Free Cash Flow 1 -1,021 482 5,941 4,021 6,531 13,024 21,461 32,743
ROE (net income / shareholders' equity) 11.4% 12.2% 24.6% 25.3% 21.4% 22.3% 22.2% 21.4%
ROA (Net income/ Total Assets) 3.62% 4.25% 8.02% 7.79% 6.51% 7.89% 8.88% 9.53%
Assets 1 1,18,341 1,53,070 1,95,454 2,57,319 3,24,525 3,57,820 3,93,373 4,12,287
Book Value Per Share 2 2.200 2.230 2.700 3.380 4.080 4.930 5.860 6.840
Cash Flow per Share 2 0.4600 0.5600 1.010 1.090 1.400 1.730 1.940 1.960
Capex 1 11,687 13,786 20,131 24,657 30,329 29,172 29,860 31,449
Capex / Sales 8.59% 8.04% 8.94% 9.12% 10.34% 8.72% 8.08% 8.36%
Announcement Date 20/03/20 19/03/21 18/03/22 24/03/23 22/03/24 - - -
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
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
13
Last Close Price
15.16 CNY
Average target price
18.59 CNY
Spread / Average Target
+22.65%
Consensus
  1. Stock Market
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  3. 2899 Stock
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  5. Financials Zijin Mining Group Company Limited