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Aluminum Corporation of China Limited Class H (ALMMF)
OTHER OTC:ALMMF
Top Page
Positive Factors
Market Leadership
Chalco is the largest alumina and aluminium capacity globally, and its leading position in the market is expected to remain firm.
Resource Expansion
Chalco's expansion of bauxite resources is expected to contribute to lower production costs and enhanced long-term profitability for its alumina business.
Negative Factors
Aluminium Price Volatility
Aluminium price volatility and higher than expected alumina capacity expansions could potentially disrupt assumptions.
Earnings Estimate Reduction
The earnings estimates for Chalco are cut by 14-15% for 2025-26E due to a higher China aluminium industry spread and lower alumina price forecast.
Aluminum of China (ALMMF) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$14.78B
Dividend Yield3.77%
Average Volume (3M)1.63K
Price to Earnings (P/E)5.4
Beta (1Y)0.63
Revenue GrowthN/A
EPS GrowthN/A
CountryUS
Employees63,133
SectorBasic Materials
Sector Strength62
IndustryAluminum
Share Statistics
EPS (TTM)0.11
Shares Outstanding3,943,966,000
10 Day Avg. Volume1,306
30 Day Avg. Volume1,625
Financial Highlights & Ratios
PEG Ratio0.74
Price to Book (P/B)0.93
Price to Sales (P/S)0.00
P/FCF Ratio7.64
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$0.81Price Target Upside35.00% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering5
Aluminum of China Business Overview & Revenue Model
Company DescriptionAluminum Corporation of China Limited, together with its subsidiaries, manufactures and sells alumina, primary aluminum, aluminum alloys, and carbon products in the People's Republic of China and internationally. The company operates through five segments: Alumina, Primary Aluminum, Trading, Energy, and Corporate and Other Operating. The Alumina segment mines for and purchases bauxite and other raw materials; refines bauxite into alumina; and produces and sells alumina, as well as refined alumina, gallium, and multi-form alumina bauxite. The Primary Aluminum segment procures alumina and other raw materials, supplemental materials, and electrical power; and produces and sells aluminum and aluminum-related products, such as carbon, aluminum alloy, and other electrolytic aluminum products. The Trading segment trades in alumina, primary aluminum, aluminum fabrication products, other non-ferrous metal products, coal products, and raw and supplemental materials; and provides logistics and transport services to external customers. The Energy segment mines for coal deposits; generates and sells electricity using thermal, wind, and solar power sources to regional power grid corporations; and manufactures power related equipment. The Corporate and Other Operating segment provides research and development services; and operates other aluminum-related business activities. The company also acquires, manufactures, and distributes bauxite mines and limestone ore; and provides engineering project management, as well as engages in import and export activities. Aluminum Corporation of China Limited was incorporated in 2001 and is headquartered in Beijing, the People's Republic of China.
How the Company Makes Money
Aluminum of China Financial Statement Overview
Summary
Aluminum of China's financial health is robust. The income statement shows strong profitability and revenue growth. The balance sheet is stable, with manageable leverage, though high debt requires monitoring. Cash flow management is solid, despite a recent decline in free cash flow growth.Income Statement
The company's income statement shows a strong performance with a Gross Profit Margin of 15.86% and a Net Profit Margin of 5.62% for the TTM period. Revenue growth is positive, with a 2.88% increase from the previous year. EBIT and EBITDA margins are healthy at 9.86% and 10.08%, respectively, indicating efficient operations. The company demonstrates a consistent upward trend in revenue and profitability, reflecting robust market positioning and operational efficiency.85
Very Positive
Balance Sheet
The balance sheet exhibits a moderate Debt-to-Equity Ratio of 0.80, signaling manageable leverage. The Return on Equity stands at 18.72%, showcasing effective utilization of equity to generate profits. With an Equity Ratio of 32.39%, the company maintains a stable capital structure. The balance sheet reflects a solid financial base, though potential risks exist with significant leverage that could impact flexibility in adverse conditions.78
Positive
Cash Flow
The cash flow statement reveals a strong Free Cash Flow to Net Income Ratio of 0.99, indicating effective cash generation relative to net income. Operating Cash Flow to Net Income Ratio is 0.73, suggesting good cash flow management. The Free Cash Flow Growth Rate shows a decrease, which could be a concern, but overall, the company demonstrates solid cash flow generation and management capabilities.82
Very Positive
| Breakdown | |||||
| TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 243.89B | 237.07B | 225.07B | 290.99B | 269.75B | 185.99B | Gross Profit |
| 38.68B | 37.34B | 28.81B | 31.28B | 26.48B | 13.42B | EBIT |
| 24.06B | 22.32B | 15.30B | 16.39B | 19.21B | 6.02B | EBITDA |
| 24.59B | 34.64B | 28.53B | 24.66B | 27.73B | 14.95B | Net Income Common Stockholders |
| 13.71B | 12.40B | 6.72B | 10.84B | 7.79B | 1.57B |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 27.08B | 24.21B | 26.12B | 16.82B | 18.55B | 10.71B | Total Assets |
| 226.13B | 215.90B | 211.76B | 212.35B | 192.38B | 194.90B | Total Debt |
| 58.80B | 55.13B | 58.49B | 86.46B | 88.60B | 92.23B | Net Debt |
| 32.72B | 32.92B | 37.38B | 69.64B | 70.75B | 82.59B | Total Liabilities |
| 108.39B | 103.85B | 112.87B | 124.59B | 119.59B | 123.73B | Stockholders Equity |
| 73.23B | 69.19B | 60.60B | 54.40B | 57.26B | 54.33B |
| Cash Flow | Free Cash Flow | ||||
| 13.53B | 22.45B | 20.33B | 22.99B | 26.09B | 9.84B | Operating Cash Flow |
| 9.97B | 32.81B | 27.04B | 27.75B | 28.23B | 14.88B | Investing Cash Flow |
| -10.88B | -7.63B | -11.18B | -3.42B | -744.30M | 1.93B | Financing Cash Flow |
| -18.69B | -22.93B | -14.14B | -27.04B | -18.48B | -15.77B |
Aluminum of China Risk Analysis
Aluminum of China disclosed 41 risk factors in its most recent earnings report. Aluminum of China reported the most risks in the “Production” category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 3 New Risks
1.
We voluntarily delisted our ADSs from the NYSE, which could reduce the liquidity and market price of our ADSs and underlying shares. Q4, 2022
2.
Changes in facts and circumstances may adversely affect our ability to exercise control over Yunnan Aluminum. Q4, 2022
3.
Our operations are affected by a number of risks relating to conducting business in the PRC. The administrative regulations, departmental rules, and industry regulatory requirements in relation to production safety and environmental protection issued by the Chinese government and relevant government authorities may affect the operations of a China-based company, such as us. The materialization of such risk may result in an adverse change to our business, prospects, financial condition and results of operations, and in extreme cases, may cause your investment in our ADSs to significantly decline in value or become worthless. Q4, 2022
Aluminum of China Peers Comparison
Overall Rating
UnderperformOutperform
Sector (51)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| $14.78B | 5.37 | 20.63% | 3.77% | ― | ― | ||
51 Neutral | $2.02B | -1.14 | -21.37% | 3.64% | 2.88% | -30.57% | |
| $8.99B | 6.66 | 9.58% | 4.52% | ― | ― | ||
| $65.81B | 12.45 | 27.63% | 2.27% | ― | ― | ||
| €2.77B | 7.32 | 19.19% | 3.92% | ― | ― | ||
81 Outperform | HK$135.42B | 5.70 | 22.43% | 11.04% | 14.65% | 93.98% | |
79 Outperform | HK$3.18B | 3.55 | 14.76% | 8.48% | 6.80% | 1.55% |
* Basic Materials Sector Average
Performance Comparison
ALMMF
Aluminum of China
0.60
-0.10
-14.29%
JIAXF
Jiangxi Copper Company
1.86
-0.22
-10.58%
ZIJMF
Zijin Mining Group Co
2.34
0.19
8.84%
DE:3N4
China Nonferrous Mining Corp. Ltd.
0.70
-0.11
-13.58%
HK:0098
Xingfa Aluminium Holdings Ltd.
7.55
0.19
2.58%
HK:1378
China Hongqiao Group Ltd.
14.58
3.87
36.13%
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.