Financials CGN Mining Company Limited

Equities

1164

KYG2029E1052

Uranium

Market Closed - Hong Kong S.E. Other stock markets 04:08:17 2024-05-17 am EDT			5-day change	1st Jan Change
2.64 ^HKD	+1.93%		+13.30%	+53.49%

Apr. 24	CGN Mining Company Limited Announces Unaudited Natural Uranium Production in the First Quarter of 2024	CI
Apr. 10	CGN Mining Announces Changes to Senior Management	MT

Valuation

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	2,376	5,149	6,157	13,073	20,066	-	-
Enterprise Value (EV) ¹	2,376	5,149	8,506	13,073	20,671	18,844	20,066
P/E ratio	15.3 x	28.9 x	11.3 x	26.3 x	20.8 x	19.1 x	14.1 x
Yield	-	-	-	-	1.91%	2.05%	-
Capitalization / Revenue	-	-	1.69 x	1.78 x	2.18 x	1.92 x	1.66 x
EV / Revenue	-	-	2.33 x	1.78 x	2.25 x	1.8 x	1.66 x
EV / EBITDA	-	-	100 x	18.9 x	18.2 x	14.3 x	11.5 x
EV / FCF	-	-	16 x	-	16.1 x	22.6 x	30.2 x
FCF Yield	-	-	6.25%	-	6.2%	4.43%	3.32%
Price to Book	-	-	1.73 x	-	4.11 x	3.32 x	2.67 x
Nbr of stocks (in thousands)	6,600,683	6,600,683	7,600,683	7,600,683	7,600,683	-	-
Reference price ²	0.3600	0.7800	0.8100	1.720	2.640	2.640	2.640
Announcement Date	3/31/21	4/25/22	3/23/23	3/21/24	-	-	-

¹HKD in Million²HKD

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	-	-	3,649	7,363	9,196	10,446	12,062
EBITDA ¹	-	-	85.03	692.8	1,136	1,316	1,750
EBIT ¹	-	-	83.18	690.9	1,054	1,186	1,455
Operating Margin	-	-	2.28%	9.38%	11.46%	11.36%	12.06%
Earnings before Tax (EBT) ¹	-	-	567.1	559.5	1,066	1,196	1,562
Net income ¹	155.2	178.5	514.9	497.1	952	1,059	1,408
Net margin	-	-	14.11%	6.75%	10.35%	10.14%	11.67%
EPS ²	0.0235	0.0270	0.0718	0.0654	0.1269	0.1380	0.1870
Free Cash Flow ¹	-	-	531.9	-	1,281	835	665.5
FCF margin	-	-	14.58%	-	13.93%	7.99%	5.52%
FCF Conversion (EBITDA)	-	-	625.56%	-	112.8%	63.43%	38.02%
FCF Conversion (Net income)	-	-	103.3%	-	134.56%	78.85%	47.27%
Dividend per Share ²	-	-	-	-	0.0505	0.0542	-
Announcement Date	3/31/21	4/25/22	3/23/23	3/21/24	-	-	-

¹HKD in Million²HKD

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2022 S1
Net sales	-
EBITDA	-
EBIT	-
Operating Margin	-
Earnings before Tax (EBT)	-
Net income ¹	355.1
Net margin	-
EPS ²	5.280
Dividend per Share	-
Announcement Date	9/19/22

¹HKD in Million²HKD

Estimates

Balance Sheet Analysis

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	-	2,349	-	605	-	-
Net Cash position ¹	-	-	-	-	-	1,222	-
Leverage (Debt/EBITDA)	-	-	27.62 x	-	0.5327 x	-	-
Free Cash Flow ¹	-	-	532	-	1,281	835	666
ROE (net income / shareholders' equity)	-	-	18.7%	-	20.8%	20%	20.1%
ROA (Net income/ Total Assets)	-	-	7.79%	-	11.6%	12.3%	11.9%
Assets ¹	-	-	6,610	-	8,206	8,582	11,819
Book Value Per Share ²	-	-	0.4700	-	0.6400	0.8000	0.9900
Cash Flow per Share ²	-	-	-	-	-0.0300	0.0600	-0.0200
Capex ¹	-	-	0.59	-	1.33	1.33	2.25
Capex / Sales	-	-	0.02%	-	0.01%	0.01%	0.02%
Announcement Date	3/31/21	4/25/22	3/23/23	3/21/24	-	-	-

¹HKD in Million²HKD

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for CGN Mining Company Limited

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

2.64 HKD

Average target price

2.335 HKD

Spread / Average Target

-11.55%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

Sector Other Uranium

	1st Jan change	Capi.
CGN MINING COMPANY LIMITED	+53.49%	2.52B
CAMECO CORPORATION	+26.40%	21.66B
URANIUM ENERGY CORP.	+15.94%	2.82B
BOSS ENERGY LIMITED	+41.19%	1.56B
CENTRUS ENERGY CORP.	-14.34%	698M
URANIUM ROYALTY CORP.	+5.34%	319M
ELEVATE URANIUM LTD	+15.73%	107M
GOVIEX URANIUM INC.	-23.33%	65.65M

Other Uranium