Company Valuation: North Mining Shares Company Limited

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 467.4 303.8 303.8 938.4 287.8 1,170
Change - -35% 0% 208.86% -69.33% 306.64%
Enterprise Value (EV) 1 2,247 2,079 2,047 1,637 706.2 1,156
Change - -7.46% -1.56% -20.03% -56.86% 63.75%
P/E -0.17x -0.85x -1.87x -0.17x -4.2x 4.58x
PBR -0.58x -0.27x -0.23x -23.5x 6.65x 3.56x
PEG - 0x 0x -0x 0x -0x
Capitalization / Revenue 0.72x 0.22x 0.23x 0.61x 0.26x 1.01x
EV / Revenue 3.45x 1.54x 1.58x 1.07x 0.64x 1x
EV / EBITDA -1.79x -20.2x -37.9x -12.8x 25.4x 1.92x
EV / EBIT -0.73x -13.2x -17.7x -6.46x -2.38x 2.51x
EV / FCF 3.55x 10.1x 25.6x -4.18x 5.23x 2.99x
FCF Yield 28.1% 9.9% 3.91% -23.9% 19.1% 33.4%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 -2.342 -0.3061 -0.1392 -0.4309 -0.005473 0.017
Distribution rate - - - - - -
Net sales 1 650.9 1,350 1,296 1,534 1,110 1,155
EBITDA 1 -1,257 -102.8 -53.95 -127.4 27.85 603
EBIT 1 -3,082 -157.6 -115.5 -253.2 -296.5 461.2
Net income 1 -2,606 -357.7 -162.6 -1,633 -68.49 228.6
Net Debt 1 1,779 1,775 1,743 698.4 418.4 -13.81
Reference price 2 0.4000 0.2600 0.2600 0.0750 0.0230 0.0780
Nbr of stocks (in thousands) 1,168,519 1,168,519 1,168,519 12,511,640 12,511,640 15,002,140
Announcement Date 23/02/23 31/03/23 30/05/23 01/05/24 30/04/25 29/04/26
1HKD in Million2HKD
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 61.2M
31.04x7.09x18.14x1.26% 234B
28.25x4.36x14.05x2.1% 124B
29.16x3.55x18.15x0.99% 78.68B
19.22x6.85x30.45x3.85% 72.76B
91.18x6.71x15.62x2.35% 68.39B
89.5x1.33x9.26x5.8% 38.11B
10.94x1.08x5.85x2.82% 33.01B
17.25x0.86x6x4.13% 24.54B
15.83x1.8x10.58x2.56% 25.22B
Average 36.93x 3.74x 14.23x 2.87% 69.9B
Weighted average by Cap. 36.19x 5.14x 16.69x 2.22%

Y-o-Y evolution of P/E

Valuation ratios - P/E - North Mining Shares Company Limited

Historical PBR trend

Valuation ratios - PBR - North Mining Shares Company Limited

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - North Mining Shares Company Limited

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - North Mining Shares Company Limited

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