Zhongjin Gold Corp Ltd Relative Valuation - Zhongjin Gold Corp Ltd

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Price: 27.78 CNY -2.18%

Market Cap: ¥134.7B

	Zhongjin Gold Corp Ltd SSE:600489	CN
W	Wangli Security & Surveillance Product Co Ltd SSE:605268	CN

Multiples-Based Value

The Multiples-Based Value for Zhongjin Gold Corp Ltd (600489) under the Base Case is 21.6 CNY. Compared with the current market price of 27.78 CNY, the stock appears Overvalued by 22%.

Multiples-Based Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

What is relative valuation?

How is Multiples-Based Value calculated?

Multiples-Based Value

Base Case

Overvaluation 22%

Multiples-Based Value

Price ¥27.78

Worst Case

Base Case

Best Case

Valuation Multiples

View Details

Multiples Across Competitors

All Multiples

P/S

P/E

EV/EBITDA

EV/EBIT

Forward Multiples

			Market Cap	P/S	P/E	EV/EBITDA	EV/EBIT
CN		Zhongjin Gold Corp Ltd SSE:600489	134.7B CNY	1.8	30.5	17.7	17.7
RU	P	Polyus PJSC LSE:PLZL	70.4T USD	11 233.1	34 959.7	19 286.2	22 132.2
ZA	G	Gold Fields Ltd JSE:GFI	722.5B ZAR	4.9	11.9	7.3	8.6
ZA	H	Harmony Gold Mining Company Ltd JSE:HAR	171.7B ZAR	2.1	10.5	5.2	6.4
CN		Zijin Mining Group Co Ltd SSE:601899	901.4B CNY	2.6	17.6	12.8	12.8
US		Newmont Corporation NYSE:NEM	129.6B USD	5.7	18.3	9.4	11.6
CA		Agnico Eagle Mines Ltd TSX:AEM	148.9B CAD	9.2	24.5	13.4	16.8
CA		Barrick Gold Corp TSX:ABX	98.7B CAD	4.3	14.4	7	8.7
CA		Barrick Mining Corp F:ABR0	61B EUR	4.2	14.3	7	8.6
HK	Z	Zijin Gold International Co Ltd HKEX:2259	495.1B HKD	11.8	39.5	19.2	22.1
CA		Wheaton Precious Metals Corp TSX:WPM	88.1B CAD	27.7	43.5	33.3	39.7

				Revenue Growth	P/S to Growth
CN		Zhongjin Gold Corp Ltd SSE:600489	Average P/S: 1 027.9 1.8	14%	0.1
RU	P	Polyus PJSC LSE:PLZL	11 233.1	N/A	N/A
ZA	G	Gold Fields Ltd JSE:GFI	4.9	13%	0.4
ZA	H	Harmony Gold Mining Company Ltd JSE:HAR	2.1	22%	0.1
CN		Zijin Mining Group Co Ltd SSE:601899	2.6	15%	0.2
US		Newmont Corporation NYSE:NEM	5.7	10%	0.6
CA		Agnico Eagle Mines Ltd TSX:AEM	9.2	11%	0.8
CA		Barrick Gold Corp TSX:ABX	4.3	15%	0.3
CA		Barrick Mining Corp F:ABR0	4.2	15%	0.3
HK	Z	Zijin Gold International Co Ltd HKEX:2259	11.8	36%	0.3
CA		Wheaton Precious Metals Corp TSX:WPM	27.7	19%	1.5

				Earnings Growth	PEG
CN		Zhongjin Gold Corp Ltd SSE:600489	Average P/E: 3 198.6 30.5	37%	0.8
RU	P	Polyus PJSC LSE:PLZL	34 959.7	N/A	N/A
ZA	G	Gold Fields Ltd JSE:GFI	11.9	14%	0.9
ZA	H	Harmony Gold Mining Company Ltd JSE:HAR	10.5	51%	0.2
CN		Zijin Mining Group Co Ltd SSE:601899	17.6	N/A	N/A
US		Newmont Corporation NYSE:NEM	18.3	16%	1.1
CA		Agnico Eagle Mines Ltd TSX:AEM	24.5	13%	1.9
CA		Barrick Gold Corp TSX:ABX	14.4	17%	0.8
CA		Barrick Mining Corp F:ABR0	14.3	17%	0.8
HK	Z	Zijin Gold International Co Ltd HKEX:2259	39.5	N/A	N/A
CA		Wheaton Precious Metals Corp TSX:WPM	43.5	4%	10.9

				EBITDA Growth	EV/EBITDA to Growth
CN		Zhongjin Gold Corp Ltd SSE:600489	Average EV/EBITDA: 1 765.3 17.7	47%	0.4
RU	P	Polyus PJSC LSE:PLZL	19 286.2	N/A	N/A
ZA	G	Gold Fields Ltd JSE:GFI	7.3	16%	0.5
ZA	H	Harmony Gold Mining Company Ltd JSE:HAR	5.2	34%	0.2
CN		Zijin Mining Group Co Ltd SSE:601899	12.8	N/A	N/A
US		Newmont Corporation NYSE:NEM	9.4	11%	0.9
CA		Agnico Eagle Mines Ltd TSX:AEM	13.4	14%	1
CA		Barrick Gold Corp TSX:ABX	7	21%	0.3
CA		Barrick Mining Corp F:ABR0	7	21%	0.3
HK	Z	Zijin Gold International Co Ltd HKEX:2259	19.2	N/A	N/A
CA		Wheaton Precious Metals Corp TSX:WPM	33.3	7%	4.8

				EBIT Growth	EV/EBIT to Growth
CN		Zhongjin Gold Corp Ltd SSE:600489	Average EV/EBIT: 2 025.9 17.7	22%	0.8
RU	P	Polyus PJSC LSE:PLZL	22 132.2	N/A	N/A
ZA	G	Gold Fields Ltd JSE:GFI	8.6	11%	0.8
ZA	H	Harmony Gold Mining Company Ltd JSE:HAR	6.4	37%	0.2
CN		Zijin Mining Group Co Ltd SSE:601899	12.8	N/A	N/A
US		Newmont Corporation NYSE:NEM	11.6	17%	0.7
CA		Agnico Eagle Mines Ltd TSX:AEM	16.8	17%	1
CA		Barrick Gold Corp TSX:ABX	8.7	23%	0.4
CA		Barrick Mining Corp F:ABR0	8.6	23%	0.4
HK	Z	Zijin Gold International Co Ltd HKEX:2259	22.1	N/A	N/A
CA		Wheaton Precious Metals Corp TSX:WPM	39.7	11%	3.6

Zhongjin Gold Corp Ltd
SSE:600489

Multiples-Based Value

Valuation Multiples

Multiples Across Competitors

Competitors Multiples
Zhongjin Gold Corp Ltd Competitors

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Zhongjin Gold Corp Ltd SSE:600489

Multiples-Based Value

Valuation Multiples

Multiples Across Competitors

Competitors Multiples Zhongjin Gold Corp Ltd Competitors

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Company

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Stocks

Zhongjin Gold Corp Ltd
SSE:600489

Competitors Multiples
Zhongjin Gold Corp Ltd Competitors