OTCPK:NNDIF - Post by User
Post by
ZincDink1on Mar 18, 2021 10:31am
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Post# 32825321
Comparing valuations
Comparing valuations | | Rev | MV | rev/MV |
| Noranda | 854.2 | 42.4 | 0.05 |
| Zhuzhou | 18.9 | 3.81 | 0.20 |
| Korea Zinc | 7055000 | 7614000 | 1.08 |
| Shenzen | 27.4 | 16.96 | 0.62 |
| Henan | 17.9 | 6.72 | 0.38 |
| Huludao | 7.1 | 4.95 | 0.70 |
| Yunnan | 16.7 | 26.83 | 1.61 |
| Baiyin | 67 | 21.25 | 0.32 |
| Yunnan luoping | 1.6 | 2.22 | 1.39 |
| Hindustand | 201 | 1270 | 6.32 |
Just thought I would compare values with other refiners. The closest in size is Zhuzhou, a new 300 Mtonne plant.
The figures I took are from Investing.com and in the local currency. So as you can see, by revenue over market value, Noranda is by far the cheapest.
| | equity | MV/equity | Percent |
| Noranda | 153.5 | 0.3 | -24 |
| Zhuzhou | 0.2 | 19.1 | 11 |
| Korea Zinc | 6887443 | 1.1 | 8 |
| Shenzen | 11.9 | 1.4 | 23 |
| Henan | 3.6 | 1.9 | 47 |
| Huludao | 2.8 | 1.8 | 20 |
| Yunnan | 15 | 1.8 | 43 |
| Baiyin | 14.1 | 1.5 | -5 |
| Yunnan luoping | 1.46 | 1.5 | -2 |
| Hindustand | 366.4 | 3.5 | 114 |
Now if you look at market value over equity, Noranda again is significantly cheaper than anything out there. Most of the others have recovered in value since the pandemic but we are the only one down by double digits and actually down by more than 50 percent since the pandemic was called.
Seems we have a deep discount from Glencore throttling the company.