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JL Mag Rare-Earth Co Ltd Class A 300748

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CN¥24.11 +0.12 (0.50%)
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JL Mag Rides the Vehicle Electrification Trend as a Leading REPM Producer

Vincent Sun

JL Mag Rare-Earth is the world’s largest producer of high-performance rare-earth permanent magnets, according to Frost & Sullivan. The company started producing high-performance NdFeB PMs used for wind turbines in 2010; for energy-saving variable-frequency air conditioners in 2011; and for new energy vehicles in 2012. Its major customers included all of the top 10 players in the global NEV sector by sales volume, four of the top five players in the global wind power sector by newly added installed capacity, and the top two household air conditioner producers by production volume in China.

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Price vs Fair Value

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300748 is trading at a LOCK|^@PLm<V premium.
Price
CN¥24.11
Fair Value
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Uncertainty
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1-Star Price
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5-Star Price
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Economic Moat
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Capital Allocation
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Bulls Say, Bears Say

Bulls

Benefiting from China’s significant increase in NEV sales, JL Mag would record strong demand from leading NEV manufacturers and fast revenue growth.

Bears

Rare-earth minerals account for over 70% of JL Mag’s cost of sales, and the company has less control over rare-earth prices. A shortage in rare-earth supply may drive up prices and negatively affect profitability.

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Trading Information

Previous Close Price
CN¥23.99
Day Range
CN¥23.95–24.43
52-Week Range
CN¥23.66–47.77
Bid/Ask
CN¥24.10 / CN¥24.11
Shares Outstanding
1.38B
Market Cap
CN¥33.32B
Volume/Avg
9M / 25M

Key Statistics

Price/Earnings (Normalized)
37.42
Price/Sales
3.71
Dividend Yield (Trailing)
1.66%
Dividend Yield (Forward)
2.07%
Dividend Payment Schedule
May, Nov
Total Yield
1.66%

Company Profile

JL Mag Rare-Earth is a leading global producer of high-performance rare-earth permanent magnets. JL Mag focuses on the production and sale of NdFeB PMs, the most widely used type of REPMs, mainly made from an alloy of neodymium (Nd), iron (Fe), and boron (B). The firm is ranked first in the world by high-performance REPMs, according to Frost & Sullivan. JL Mag is also ranked first in the global grain boundary diffusion REPMs market. Its products have a wide array of applications, mainly in new energy vehicles, automotive parts, wind turbine generators, and energy-saving variable-frequency air conditioners.
Sector
Industrials
Industry
Metal Fabrication
Stock Style Box
Mid Growth
Total Number of Employees
7,302
Website
https://www.jlmag.com.cn

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Valuation

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Metric
300748
00916
002466
Price/Earnings (Normalized)
 37.4211.1515.99
Price/Book Value
 4.240.511.23
Price/Sales
 3.711.383.79
Price/Cash Flow
 22.181.928.15
Price/Earnings
300748
00916
002466

Financial Strength

Metric
300748
00916
002466
Quick Ratio
 1.040.642.29
Current Ratio
 1.720.682.86
Interest Coverage
 9.242.8020.25
Quick Ratio
300748
00916
002466

Profitability

Metric
300748
00916
002466
Return on Assets (Normalized)
 5.21%1.32%5.98%
Return on Equity (Normalized)
 10.43%4.67%10.31%
Return on Invested Capital (Normalized)
 7.94%2.59%6.97%
Return on Assets
300748
00916
002466

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