Company Valuation: Jiangxi Copper Company Limited

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 60,447 50,310 50,968 58,863 166,863 159,213 - -
Change - -16.77% 1.31% 15.49% 183.48% -4.58% - -
Enterprise Value (EV) 1 89,340 84,202 88,166 96,362 207,652 201,616 203,732 196,771
Change - -5.75% 4.71% 9.3% 115.49% -2.91% 1.05% -3.42%
P/E 6.09x 5.89x 5.14x 5.85x 18x 9.73x 10.3x 9.87x
PBR 0.5x 0.48x 0.51x - 1.64x 1.33x 1.26x 1.16x
PEG - 1.64x 0.4x 2.28x 2.57x 0.1x -1.82x 2.21x
Capitalization / Revenue 0.14x 0.11x 0.1x 0.11x 0.31x 0.23x 0.26x 0.26x
EV / Revenue 0.2x 0.18x 0.17x 0.19x 0.38x 0.29x 0.33x 0.32x
EV / EBITDA 7.6x 7.77x 8.52x 6.7x 15.3x 9.3x 9.77x 8.64x
EV / EBIT 9.92x 10.1x 11.3x 8.47x 20x 11.1x 11.2x 11.4x
EV / FCF 14.5x 15.8x 21.4x -23.8x -18.2x -221x 12.4x 13x
FCF Yield 6.9% 6.33% 4.67% -4.2% -5.49% -0.45% 8.1% 7.67%
Dividend per Share 2 0.5 0.5 0.6 0.7 0.6 1.595 1.549 1.513
Rate of return 4.92% 4.91% 5.99% 5.98% 1.56% 4.5% 4.37% 4.27%
EPS 2 1.67 1.73 1.95 2 2.14 3.64 3.434 3.587
Distribution rate 29.9% 28.9% 30.8% 35% 28% 43.8% 45.1% 42.2%
Net sales 1 441,614 478,393 520,338 519,248 544,623 686,814 622,791 611,689
EBITDA 1 11,753 10,831 10,348 14,379 13,616 21,683 20,858 22,778
EBIT 1 9,005 8,349 7,832 11,383 10,408 18,236 18,232 17,195
Net income 1 5,773 6,001 6,746 6,901 7,130 12,602 11,888 12,383
Net Debt 1 28,893 33,892 37,198 37,499 40,789 42,403 44,518 37,558
Reference price 2 10.17 10.19 10.02 11.71 38.53 35.42 35.42 35.42
Nbr of stocks (in thousands) 3,462,729 3,462,729 3,462,729 3,452,288 3,452,288 3,452,288 - -
Announcement Date 25/03/22 24/03/23 27/03/24 27/03/25 26/03/26 - - -
1CNY in Million2CNY
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
8.91x0.28x8.73x4.92% 21.46B
25.2x9.75x15.08x2.19% 160B
27.4x3.61x8.76x0.87% 99.28B
13.06x1.69x6.37x2.61% 61.87B
43.13x - - 0.34% 30.19B
36.9x5.1x19.68x0.63% 25.24B
26.28x - - 2.02% 18.99B
21.78x1.21x11.18x1.92% 16.98B
14.27x1.54x6.85x2.42% 17.64B
Average 24.10x 3.31x 10.95x 1.99% 50.17B
Weighted average by Cap. 24.59x 5.48x 11.60x 1.87%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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