Estimating The Intrinsic Value Of Zhaojin Mining Industry Company Limited (HKG:1818)
Oct 29
Hong Kong (HSI) Gold Industry Analysis
UpdatedOct 30, 2023
DataAggregated Company Financials
Companies8
- 7D1.3%
- 3M-11.1%
- 1Y51.2%
- YTD6.3%
In the last week, the Gold industry is up 1.3%, with Zijin Mining Group up 5.5%. This takes the industry's 12 month performance to a gain of 51%. Earnings are forecast to grow by 26% annually.
Industry Valuation and Performance
Has the Hong Kong Gold Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 30 Oct 2023 | HK$372.1b | HK$336.0b | HK$18.6b | 27.3x | 20x | 1.1x |
| Wed, 27 Sep 2023 | HK$391.8b | HK$333.2b | HK$16.6b | 21.4x | 23.5x | 1.2x |
| Fri, 25 Aug 2023 | HK$390.4b | HK$324.7b | HK$18.6b | 22.4x | 21x | 1.2x |
| Sun, 23 Jul 2023 | HK$396.2b | HK$327.8b | HK$18.8b | 20.4x | 21.1x | 1.2x |
| Tue, 20 Jun 2023 | HK$376.9b | HK$329.0b | HK$19.0b | 15.1x | 19.9x | 1.1x |
| Thu, 18 May 2023 | HK$364.5b | HK$337.1b | HK$19.5b | 17.9x | 18.7x | 1.1x |
| Sat, 15 Apr 2023 | HK$461.7b | HK$333.4b | HK$20.8b | 16.7x | 22.2x | 1.4x |
| Mon, 13 Mar 2023 | HK$366.0b | HK$314.3b | HK$21.4b | 13.1x | 17.1x | 1.2x |
| Wed, 08 Feb 2023 | HK$378.2b | HK$319.6b | HK$21.8b | 13.5x | 17.3x | 1.2x |
| Fri, 06 Jan 2023 | HK$342.0b | HK$314.4b | HK$21.4b | 12.2x | 16x | 1.1x |
| Sun, 04 Dec 2022 | HK$324.4b | HK$306.8b | HK$20.8b | 12.1x | 15.6x | 1.1x |
| Tue, 01 Nov 2022 | HK$244.8b | HK$299.5b | HK$20.2b | 9.3x | 12.1x | 0.8x |
| Thu, 29 Sep 2022 | HK$231.1b | HK$288.5b | HK$21.0b | 10.1x | 11x | 0.8x |
| Sat, 27 Aug 2022 | HK$296.7b | HK$302.1b | HK$22.2b | 10.1x | 13.4x | 1x |
| Mon, 25 Jul 2022 | HK$284.6b | HK$298.8b | HK$19.6b | 12.1x | 14.5x | 1x |
| Wed, 22 Jun 2022 | HK$314.1b | HK$301.5b | HK$19.2b | 15.9x | 16.3x | 1x |
| Fri, 20 May 2022 | HK$315.9b | HK$298.8b | HK$19.0b | 17.4x | 16.6x | 1.1x |
| Sun, 17 Apr 2022 | HK$408.4b | HK$316.0b | HK$20.3b | 19.1x | 20.1x | 1.3x |
| Tue, 15 Mar 2022 | HK$355.2b | HK$275.8b | HK$16.3b | 20.5x | 21.8x | 1.3x |
| Thu, 10 Feb 2022 | HK$360.9b | HK$273.5b | HK$16.2b | 14.4x | 22.3x | 1.3x |
| Sat, 08 Jan 2022 | HK$309.5b | HK$273.1b | HK$16.1b | 13.9x | 19.2x | 1.1x |
| Mon, 06 Dec 2021 | HK$339.9b | HK$273.1b | HK$16.1b | 15.1x | 21.1x | 1.2x |
| Wed, 03 Nov 2021 | HK$344.6b | HK$273.3b | HK$13.1b | n/a | 26.3x | 1.3x |
| Fri, 01 Oct 2021 | HK$327.4b | HK$258.1b | HK$10.5b | 15.3x | 31.1x | 1.3x |
| Sun, 29 Aug 2021 | HK$342.1b | HK$256.9b | HK$10.4b | 18.2x | 33x | 1.3x |
| Mon, 05 Jul 2021 | HK$327.3b | HK$256.9b | HK$10.4b | 15.2x | 31.6x | 1.3x |
| Thu, 08 Apr 2021 | HK$306.7b | HK$235.0b | HK$7.3b | 17.4x | 41.9x | 1.3x |
| Sun, 10 Jan 2021 | HK$300.5b | HK$221.8b | HK$5.8b | 17x | 51.6x | 1.4x |
Price to Earnings Ratio
36.9x
Current Industry PE
- Investors are pessimistic on the Hong Kong Gold industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 20.0x which is lower than its 3-year average PE of 27.0x.
- The industry is trading close to its 3-year average PS ratio of 1.2x.
Past Earnings Growth
- The earnings for companies in the Gold industry have grown 45% per year over the last three years.
- Revenues for these companies have grown 18% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Comparison
How does Hong Kong Gold compare with similar industries?
| HK Market | 0.88% | |
| Materials | 3.21% | |
| Metals and Mining | 3.00% | |
| Gold | 1.34% | |
| Aluminum | 7.01% | |
| Diversified Metals and Mining | 3.87% | |
| Steel | 2.20% | |
| Precious Metals and Minerals | 0% | |
| Copper | -0.27% | |
| Silver | -6.50% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 2899 Zijin Mining Group | HK$12.26 | 5.5% +HK$16.8b | 63.5% | PE15.5x | |
| 8299 Grand T G Gold Holdings | HK$0.14 | 11.5% +HK$83.8m | -42.1% | PE27.7x | |
| 3330 Lingbao Gold Group | HK$1.23 | 0.8% +HK$11.8m | 50.0% | PE6.8x |
