Financials Jiangxi Copper Company Limited

Equities

358

CNE1000003K3

Specialty Mining & Metals

Market Closed - Hong Kong S.E. 04:08:10 2024-06-26 EDT 5-day change 1st Jan Change
15.58 HKD -3.11% Intraday chart for Jiangxi Copper Company Limited -0.26% +41.12%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 48,416 55,606 60,457 50,232 51,035 70,385 - -
Enterprise Value (EV) 1 80,577 89,070 89,350 70,885 88,233 102,571 101,204 99,114
P/E ratio 13.7 x 16 x 6.09 x 5.88 x 5.15 x 6.8 x 6.55 x 6.3 x
Yield 1.04% 0.98% 4.92% 4.91% 5.98% 4.32% 4.56% 4.57%
Capitalization / Revenue 0.2 x 0.17 x 0.14 x 0.1 x 0.1 x 0.12 x 0.11 x 0.12 x
EV / Revenue 0.34 x 0.28 x 0.2 x 0.15 x 0.17 x 0.17 x 0.16 x 0.17 x
EV / EBITDA 11.1 x 11.2 x 7.6 x 6.54 x 8.53 x 7.3 x 7.69 x 7.09 x
EV / FCF 16,345,005 x -42,598,036 x 14,504,463 x 13,309,610 x 21,416,925 x - - -
FCF Yield 0% -0% 0% 0% 0% - - -
Price to Book 0.63 x 0.59 x 0.5 x 0.48 x 0.52 x 0.68 x 0.64 x 0.62 x
Nbr of stocks (in thousands) 3,462,729 3,462,729 3,462,729 3,462,729 3,462,729 3,452,288 - -
Reference price 2 9.580 10.25 10.17 10.17 10.03 14.95 14.95 14.95
Announcement Date 20-03-30 21-03-29 22-03-25 23-03-24 24-03-27 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 239,585 317,756 441,614 479,938 520,338 587,599 621,482 597,160
EBITDA 1 7,236 7,924 11,753 10,831 10,348 14,054 13,168 13,971
EBIT 1 5,237 5,240 9,005 7,646 7,832 10,850 9,692 10,837
Operating Margin 2.19% 1.65% 2.04% 1.59% 1.51% 1.85% 1.56% 1.81%
Earnings before Tax (EBT) 1 3,135 3,252 7,417 7,492 8,632 10,485 10,101 9,981
Net income 1 2,438 2,320 5,773 5,994 6,746 8,173 7,898 7,798
Net margin 1.02% 0.73% 1.31% 1.25% 1.3% 1.39% 1.27% 1.31%
EPS 2 0.7000 0.6400 1.670 1.730 1.950 2.199 2.282 2.373
Free Cash Flow 4,930 -2,091 6,160 5,326 4,120 - - -
FCF margin 2.06% -0.66% 1.39% 1.11% 0.79% - - -
FCF Conversion (EBITDA) 68.13% - 52.41% 49.17% 39.81% - - -
FCF Conversion (Net income) 202.21% - 106.72% 88.85% 61.07% - - -
Dividend per Share 2 0.1000 0.1000 0.5000 0.5000 0.6000 0.6457 0.6811 0.6834
Announcement Date 20-03-30 21-03-29 22-03-25 23-03-24 24-03-27 - - -
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 S2 2024 Q1 2024 Q2 2024 S1 2024 Q3 2024 Q4 2024 S2
Net sales 134,891 146,625 171,131 226,237 - 215,378 - - 254,588 - - 224,690 - - 267,526 253,589 - - 279,377 - - 283,397
EBITDA - - 4,989 - - - - - - - - - - - - - - - - - - -
EBIT - - 3,551 4,150 - 3,401 - - 3,565 - - 2,928 - - 4,335 3,853 - - - - - -
Operating Margin - - 2.07% 1.83% - 1.58% - - 1.4% - - 1.3% - - 1.62% 1.52% - - - - - -
Earnings before Tax (EBT) - - 2,043 - - - - - - - - - - - - - - - - - - -
Net income - 787 1,441 - - - - - - - - - - - - - - - - - - -
Net margin - 0.54% 0.84% - - - - - - - - - - - - - - - - - - -
EPS 1 0.2900 0.2300 0.4100 0.9100 0.3300 0.7600 0.4300 0.6100 1.040 0.3700 0.3200 0.6900 0.5100 0.4900 1.000 0.9500 0.5000 0.5900 1.280 0.5200 0.5300 1.500
Dividend per Share - - - - - - - - - - - - - - - - - - - - - -
Announcement Date 20-03-30 20-08-28 21-03-29 21-08-27 22-03-25 22-03-25 22-04-28 22-08-25 22-08-25 22-10-27 23-03-24 23-03-24 23-04-24 23-08-25 23-08-25 24-03-27 24-04-26 - - - - -
1CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 32,161 33,464 28,893 20,654 37,198 21,277 30,819 28,730
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 4.445 x 4.223 x 2.458 x 1.907 x 3.595 x 1.514 x 2.34 x 2.162 x
Free Cash Flow 4,930 -2,091 6,160 5,326 4,120 - - -
ROE (net income / shareholders' equity) 4.76% 3.96% 8.9% 8.36% 9.57% 10.5% 8.96% 9.83%
ROA (Net income/ Total Assets) 2.05% 1.62% 3.82% 3.3% 4.02% 3.42% 3.62% 5.48%
Assets 1 118,890 143,678 150,959 181,668 167,740 239,324 218,491 133,462
Book Value Per Share 2 15.20 17.30 20.20 21.20 19.50 22.10 23.40 24.10
Cash Flow per Share 2 2.380 -0.6500 2.610 3.070 3.160 2.400 3.570 2.910
Capex 1 3,323 3,473 2,761 5,105 6,811 6,737 5,498 6,040
Capex / Sales 1.39% 1.09% 0.63% 1.06% 1.31% 1.15% 0.88% 1.01%
Announcement Date 20-03-30 21-03-29 22-03-25 23-03-24 24-03-27 - - -
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
B+
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
9
Last Close Price
14.95 CNY
Average target price
17.7 CNY
Spread / Average Target
+18.39%
Consensus
  1. Stock Market
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  4. Financials Jiangxi Copper Company Limited