ZIJIN MINING GROUP C

601899
End-of-day quote. End-of-day quote  - 10/19
11.8CNY +2.08%
Valuation
Fiscal Period: December 2020 2021
Capitalization1 224 769297 155
Entreprise Value (EV)2 286 701344 842
P/E ratio 29,6x16,1x
Yield 1,62%2,61%
Capitalization / Revenue 1,31x1,38x
EV / Revenue 1,67x1,60x
EV / EBITDA 15,4x9,99x
Price to Book 3,32x3,69x
Nbr of stocks (in thousands) 25 377 26026 231 622
Reference price (CNY) 7,399,64
Announcement Date 03/19/2021-
Previous period Next period
1 HKD in Million
2 CNY in Million
Estimates
Income Statement Evolution
Annual Income Statement Data
Fiscal Period: December 2020 2021
Net sales1 171 501215 248
EBITDA1 18 60934 522
Operating profit (EBIT)1 11 24026 443
Operating Margin 6,55%12,3%
Pre-Tax Profit (EBT)1 10 84625 757
Net income1 6 50915 706
Net margin 3,80%7,30%
EPS2 0,250,60
Dividend per Share2 0,120,25
Announcement Date 03/19/2021-
Previous period Next period
1 CNY in Million
2 CNY
Finances - Leverage
Fiscal Period: December 2020 2021
Net Debt1 61 93247 687
Net Cash position1 --
Leverage (Debt / EBITDA) 3,33x1,38x
Free Cash Flow1 4828 452
ROE (Net Profit / Equities) 12,2%23,4%
Shareholders' equity1 53 39367 062
ROA (Net Profit / Asset) 4,25%8,85%
Assets1 153 070177 571
Book Value Per Share2 2,232,61
Cash Flow per Share2 0,561,22
Capex1 13 78615 968
Capex / Sales 8,04%7,42%
Announcement Date 03/19/2021-
Previous period Next period
1 CNY in Million
2 CNY
Financial Ratios
Size 2021e 2022e
Capitalization 297 155 M CNY -
Entreprise Value (EV) 344 842 M CNY 329 048 M CNY
Valuation 2021e 2022e
P/E ratio (Price / EPS) 16,1x 12,2x
Capitalization / Revenue 1,38x 1,21x
EV / Revenue 1,60x 1,41x
EV / EBITDA 9,99x 7,74x
Yield (DPS / Price) 2,61% 3,65%
Price to book (Price / BVPS) 3,69x 3,17x
Profitability 2021e 2022e
Operating Margin (EBIT / Sales) 12,3% 14,1%
Operating Leverage (Delta EBIT / Delta Sales) 5,30x 2,21x
Net Margin (Net Profit / Revenue) 7,30% 8,28%
ROA (Net Profit / Asset) 8,85% 12,0%
ROE (Net Profit / Equities) 23,4% 25,4%
Rate of Dividend 41,9% 44,7%
Balance Sheet Analysis 2021e 2022e
CAPEX / Sales   7,42% 4,50%
Cash Flow / Sales 14,9% 14,2%
Capital Intensity (Assets / Sales) 0,82x 0,69x
Financial Leverage (Net Debt / EBITDA) 1,38x 0,72x
Price Earning Ratio
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
EPS & Dividend