Financials CMOC Group Limited

Equities

3993

CNE100000114

Specialty Mining & Metals

Market Closed - Hong Kong S.E. 04:08:12 2024-07-19 EDT 5-day change 1st Jan Change
6.93 HKD -3.08% Intraday chart for CMOC Group Limited -8.70% +62.30%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 88,742 126,809 110,936 91,829 106,182 172,217 - -
Enterprise Value (EV) 1 116,804 154,647 133,244 107,319 124,958 176,690 173,958 170,327
P/E ratio 33.2 x 38.7 x 14 x 11.4 x 10.2 x 11.6 x 9.77 x 8.9 x
Yield 1.44% 0.77% 2.13% - 3.97% 3.47% 3.87% 4.81%
Capitalization / Revenue 1.29 x 1.12 x 0.64 x 0.53 x 0.57 x 0.83 x 0.8 x 0.78 x
EV / Revenue 1.7 x 1.37 x 0.77 x 0.62 x 0.67 x 0.85 x 0.8 x 0.77 x
EV / EBITDA 20 x 21.8 x 10.4 x 7.52 x 6.55 x 6.97 x 6.02 x 5.6 x
EV / FCF -115 x 157 x 69 x 21.5 x 41.4 x 33.6 x 16.6 x 15.9 x
FCF Yield -0.87% 0.64% 1.45% 4.64% 2.41% 2.98% 6.02% 6.31%
Price to Book 1.58 x 2.36 x 1.81 x - 1.39 x 2.06 x 1.84 x 1.63 x
Nbr of stocks (in thousands) 21,599,241 21,550,727 21,450,727 21,394,310 21,394,310 21,394,310 - -
Reference price 2 2.985 4.259 3.349 3.179 3.881 6.450 6.450 6.450
Announcement Date 20-03-29 21-03-22 22-03-15 23-03-17 24-03-12 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 68,677 112,981 173,863 172,991 186,269 207,269 216,284 221,177
EBITDA 1 5,847 7,087 12,817 14,271 19,091 25,349 28,877 30,439
EBIT 1 2,222 2,947 8,789 9,889 13,288 19,913 22,251 23,774
Operating Margin 3.23% 2.61% 5.05% 5.72% 7.13% 9.61% 10.29% 10.75%
Earnings before Tax (EBT) 1 2,358 2,876 8,755 9,804 13,208 19,457 22,602 24,151
Net income 1 1,857 2,329 5,106 6,067 8,250 11,414 13,444 14,462
Net margin 2.7% 2.06% 2.94% 3.51% 4.43% 5.51% 6.22% 6.54%
EPS 2 0.0900 0.1100 0.2400 0.2800 0.3800 0.5555 0.6600 0.7251
Free Cash Flow 1 -1,014 984.8 1,930 4,984 3,015 5,257 10,472 10,746
FCF margin -1.48% 0.87% 1.11% 2.88% 1.62% 2.54% 4.84% 4.86%
FCF Conversion (EBITDA) - 13.89% 15.06% 34.92% 15.79% 20.74% 36.26% 35.3%
FCF Conversion (Net income) - 42.29% 37.8% 82.15% 36.55% 46.05% 77.89% 74.31%
Dividend per Share 2 0.0430 0.0330 0.0712 - 0.1542 0.2238 0.2499 0.3103
Announcement Date 20-03-29 21-03-22 22-03-15 23-03-17 24-03-12 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2020 S1 2021 Q4 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 46,744 - 44,525 47,242 91,767 40,702 40,522 81,224 - 42,443 86,726 44,956 54,587 99,543 46,121 49,340 101,947 51,396 55,508 108,473 114,857 114,857
EBITDA 1,441 - - - - - - - - - - - - - - - - - - - - -
EBIT 1 -512 - 3,268 4,682 7,949 1,506 433.4 1,940 - 1,213 - 3,451 8,188 11,639 3,526 4,258 - 4,435 4,790 - - -
Operating Margin -1.1% - 7.34% 9.91% 8.66% 3.7% 1.07% 2.39% - 2.86% - 7.68% 15% 11.69% 7.65% 8.63% - 8.63% 8.63% - - -
Earnings before Tax (EBT) 350.5 - - - - - - - - - - - - - - - - - - - - -
Net income 1,008 - - - - - - - - - - - - - - - - - - - - -
Net margin 2.16% - - - - - - - - - - - - - - - - - - - - -
EPS 2 - 0.0750 0.0840 0.1100 0.1900 0.0550 0.0350 0.0900 0.0150 0.0180 0.0330 - 0.2700 0.3500 0.1000 0.1700 0.2300 0.1400 0.1500 0.3900 0.5100 0.5000
Dividend per Share - - - - - - - - - - - - - - - - - - - - - -
Announcement Date 20-08-30 22-03-15 22-04-26 22-08-21 22-08-21 22-10-23 23-03-17 23-03-17 23-04-28 23-08-25 23-08-25 23-10-27 24-03-12 24-03-12 24-04-29 - - - - - - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 28,062 27,838 22,309 15,490 18,776 4,473 1,741 -
Net Cash position 1 - - - - - - - 1,889
Leverage (Debt/EBITDA) 4.8 x 3.928 x 1.741 x 1.085 x 0.9835 x 0.1765 x 0.0603 x -
Free Cash Flow 1 -1,014 985 1,930 4,984 3,015 5,257 10,472 10,746
ROE (net income / shareholders' equity) 4.54% 5.83% 10.4% 13.4% 15% 17.6% 17.9% 17.2%
ROA (Net income/ Total Assets) 1.7% 1.95% 3.16% 4.01% 4.88% 6.96% 7.15% 7.52%
Assets 1 109,044 119,670 161,685 151,235 168,997 163,918 188,056 192,309
Book Value Per Share 2 1.890 1.800 1.850 - 2.780 3.130 3.500 3.950
Cash Flow per Share 2 0.0800 0.3900 0.2900 - 0.7200 0.9300 0.8200 0.9500
Capex 1 2,719 7,508 4,260 10,470 12,527 11,276 10,322 10,245
Capex / Sales 3.96% 6.65% 2.45% 6.05% 6.73% 5.44% 4.77% 4.63%
Announcement Date 20-03-29 21-03-22 22-03-15 23-03-17 24-03-12 - - -
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
A-
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
12
Last Close Price
6.45 CNY
Average target price
8.551 CNY
Spread / Average Target
+32.58%
Consensus
  1. Stock Market
  2. Equities
  3. 3993 Stock
  4. Financials CMOC Group Limited