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Zijin Mining Group Co Ltd
SSE:601899

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Zijin Mining Group Co Ltd
SSE:601899
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Price: 33.3 CNY -2.46% Market Closed
Market Cap: ¥885.4B

EV/IC

2.3
Current
42%
More Expensive
vs 3-y average of 1.7

Enterprise Value to Invested Capital (EV/IC) ratio compares a company`s total enterprise value to the capital invested in its business. It shows how efficiently the company`s market value reflects the funds used to generate returns.

EV/IC
2.3
=
Enterprise Value
¥977.7B
/
Invested Capital
¥404.6B

Enterprise Value to Invested Capital (EV/IC) ratio compares a company`s total enterprise value to the capital invested in its business. It shows how efficiently the company`s market value reflects the funds used to generate returns.

EV/IC
2.3
=
Enterprise Value
¥977.7B
/
Invested Capital
¥404.6B

Valuation Scenarios

Zijin Mining Group Co Ltd is trading above its 3-year average

If EV/IC returns to its 3-Year Average (1.7), the stock would be worth ¥23.44 (30% downside from current price).

Statistics
Positive Scenarios
0/4
Maximum Downside
-30%
Maximum Upside
No Upside Scenarios
Average Downside
25%
Scenario EV/IC Value Implied Price Upside/Downside
Current Multiple 2.3 ¥33.3
0%
3-Year Average 1.7 ¥23.44
-30%
5-Year Average 1.7 ¥23.98
-28%
Industry Average 1.8 ¥25.04
-25%
Country Average 1.9 ¥27.42
-18%

Forward EV/IC
Today’s price vs future invested capital

Not enough data available to calculate forward EV/IC

Peer Comparison

All Multiples
EV/IC
P/E
All Countries
Close
Market Cap EV/IC P/E
CN
Zijin Mining Group Co Ltd
SSE:601899
885.4B CNY 2.3 14.4
RU
Polyus PJSC
LSE:PLZL
70.4T USD 8 391.6 34 959.7
ZA
Gold Fields Ltd
JSE:GFI
636.8B ZAR 3.2 10.9
ZA
Harmony Gold Mining Company Ltd
JSE:HAR
164.6B ZAR 1.6 10.1
US
Newmont Corporation
NYSE:NEM
118.3B USD 2.4 16.7
CA
Agnico Eagle Mines Ltd
TSX:AEM
127.7B CAD 2.9 20.4
CA
Barrick Gold Corp
TSX:ABX
89.4B CAD 1.5 13
CA
Barrick Mining Corp
F:ABR0
55.5B EUR 1.5 13.1
CA
Wheaton Precious Metals Corp
TSX:WPM
77.9B CAD 6.9 38.2
HK
Zijin Gold International Co Ltd
HKEX:2259
403.6B HKD 5.6 32.2
ZA
AngloGold Ashanti Ltd
NYSE:AU
46.8B USD 4.1 17.8

Market Distribution

In line with most companies in China
Percentile
57th
Based on 7 566 companies
57th percentile
2.3
Low
0 — 1.1
Typical Range
1.1 — 3.4
High
3.4 —
Distribution Statistics
China
Min 0
30th Percentile 1.1
Median 1.9
70th Percentile 3.4
Max 1 129 391.6

Zijin Mining Group Co Ltd
Glance View

Zijin Mining Group Co Ltd. emerged from modest foundations in 1993 to become a powerhouse in the world of mining, primarily focused on gold, copper, and zinc. With its headquarters nestled in the Fujian province of China, Zijin began its journey by strategically acquiring and developing some of the nation's most promising mineral resources. The company's story is one of dynamic growth, driven by an ability to blend unique local insights with an aggressive expansion strategy. By continuously improving its mining techniques and employing cutting-edge technologies, Zijin has optimized its operational efficiency. The company has expanded its reach globally, venturing into diverse markets in Africa, Europe, and South America, ensuring a diversified portfolio that shields its financial health from regional economic volatilities. A critical component of Zijin's success lies in its vertically integrated business model, focusing not just on extraction, but also on refining and selling a variety of metals. This approach allows Zijin to capture value at multiple stages of the production process, translating into robust revenue streams. Their products feed into a range of industries, from electronics to construction, providing a steady demand for the metals they produce. By maintaining a keen eye on sustainability and technological advancements, Zijin strives for an environmentally and socially conscious operation, which it sees as fundamental in securing its long-term profitability. This comprehensive strategy ensures Zijin remains a formidable presence in the global mining sector, poised to capitalize on emerging trends and opportunities in the mineral commodities market.

Intrinsic Value
41.61 CNY
Undervaluation 20%
Intrinsic Value
Price ¥33.3
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