CMOC Group Limited

¥13.29As of Sun 8 Nov 2026, 12:00 UTC

SSE:603993Materials

Country China

PE (Fwd) •••

TSR 10Y CAGR 15.04%

Div yield 1.43%

ROE 33.63%

Other Industrial Metals & Mining

Beta (5Y) 1.18

PE TTM 9.504

TSR TTM (20.50%)

Mkt cap ¥272.4B

ROIC 40.12%

SE Grade™

Value

Quality

Moat

Consensus

Reference

¥15

9.39%

(86.88%)

Hold 9|9|8|9|9

TTM

FYE 31 Dec CNY

FY2016

FY2017

FY2018

FY2019

FY2020

FY2021

FY2022

FY2023

FY2024

FY2025

FY2026E

Trend

10Y

Peers

53.89

Revenue¥B

24.19

26.30

27.78

29.33

30.95

33.52

35.71

38.43

40.35

44.01

58.82

7.29%

7.02%

19.39

Revenue growth%

29.55

26.55

27.64

27.66

30.12

29.10

26.44

28.92

26.46

26.22

8.93

26.46

27.65

6.29

Gross margin%

11.10

12.83

10.20

13.00

15.74

14.41

12.43

14.78

11.99

12.62

21.29

12.62

12.73

27.93

Operating margin%

9.69

9.14

9.44

9.51

11.38

8.84

7.08

4.23

4.88

2.30

25.25

4.88

8.99

26.37

Net margin%

8.87

10.27

9.02

6.99

5.22

7.40

10.23

12.14

10.59

11.87

25.53

10.59

9.62

14.63

P/E ratio (avg)x

17.58

15.11

16.10

14.37

13.93

14.92

16.25

16.74

15.24

14.40

26.03

15.24

15.18

15.09

EV/EBITx

20.35

22.49

23.58

28.24

31.49

30.61

32.56

31.56

37.21

40.74

7.677

32.56

31.05

26.96

FCF yield (avg)%

12.77

14.57

13.39

12.05

10.30

10.84

11.52

14.02

13.42

11.62

22.54

11.62

12.41

11.84

FCF margin%

0.40

1.34

0.52

0.40

0.43

2.27

2.56

0.56

22.20

0.56

0.48

1.694

FCF / Net incomex

2.213

2.394

2.348

2.428

2.732

2.663

2.589

2.765

2.951

3.057

1.134

2.765

2.626

21.63

ROIC%

15.00

14.28

16.12

14.36

17.12

16.92

18.71

15.88

14.89

15.58

15.09

15.88

15.73

24.31

Return on equity%

13.95

11.22

13.95

13.07

12.45

11.40

14.07

12.22

14.61

14.99

3.36

14.07

13.51

16.95

Return on assets%

26.20

24.27

22.34

22.86

20.13

21.28

23.95

25.90

27.65

26.40

13.99

25.90

24.11

1.44

EPS¥

0.62

0.61

0.70

0.71

0.76

0.78

0.93

0.95

0.92

1.48

5.48%

4.83%

—

8.67

EPS growth%

3.36

4.35

2.35

1.65

0.40

1.94

2.35

0.40

0.82

2.57

0.82

1.79

0.56

Bookvalue per sh¥

1.82

1.64

1.45

1.32

1.17

1.18

1.17

1.21

1.10

1.14

2.20

(0.52%)

(4.49%)

—

2.13

FCF per share¥

1.03

1.02

0.95

0.90

0.91

1.01

0.97

1.00

1.08

1.20

1.71

5.74%

2.96%

—

2.11

Dividend per sh¥

0.52

0.53

0.49

0.47

0.45

0.39

0.36

0.32

0.33

0.35

(5.88%)

(4.92%)

—

7.42

Div yield (avg)%

10.58

11.84

9.24

12.22

11.43

9.60

9.06

8.02

7.78

6.29

27.89

8.02

9.42

10.23

Payout ratio%

21.53

21.56

21.16

22.96

25.18

23.69

24.88

27.35

26.10

6.69

25.18

24.29

20.94

Shares (diluted)B

30.58

30.44

32.08

36.31

38.86

43.47

40.33

38.69

36.48

33.60

20.88

(2.87%)

1.30%

9.10

Buyback yield%

18.06

17.23

18.90

16.54

16.79

15.73

15.11

17.22

18.48

16.68

8.23

16.68

17.01

0.183

D/E ratiox

2.023

2.256

2.556

2.704

2.716

3.024

3.434

3.692

4.239

4.194

1.636

3.692

2.870

8.919

Enterprise value¥B

34.74

35.69

32.62

28.79

27.23

25.62

26.53

25.23

25.74

25.50

27.81

(1.31%)

(3.29%)

59.07

LT debt¥B

91.09

92.89

95.50

93.37

99.16

92.28

87.42

87.91

93.82

94.15

24.14

(1.03%)

1.58%

Peers (US$40.84B)

Cap (US$)

China Northern Rare…

19.69B

30.16x

China Tungsten And…

13.20B

26.03x

Western Mining Co.,Ltd.

9.845B

8.783x

Vale S.A.

49.48B

127.4x

Capital

TTM

10Y

Leveragex

0.424

0.277

0.273

EBIT/Intx

2.449

0.127

0.124

Own earn%

30.52

(46.42)

(46.02)

Sh yield%

16.53

25.24

27.20

Owners

Insiders/Inst%

8.55

23.00

Short interest%

2.39

SBC / revenue%

5.30

Record

10Y

Profitable years

10/10

Revenue growth years

10/10

EPS growth years

10/10

Dividend streakyrs

Op margin range%

2–11

$1 testx

0.0

Incr. ROIC%

CMOC Group Limited, together with its subsidiaries, engages in the mining, beneficiation, and smelting of base and rare metals in Asia, Africa, South America, and Europe. It operates through Molybdenum and Tungsten Related Products; Niobium and Phosphorus Related Products; Copper-Cobalt Related Products; Mineral and Metal Trade; Refined Metals Trade; and Others segments.

Growth vs revenue

Latest

Trend

10Y CAGR

Rel growth

Revenue

¥44.01B

7.02%

1.00×

Cost of revenue

¥27.54B

6.86%

0.99×

Operating expenses

¥8.561B

7.31%

1.03×