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JL MAG Rare-Earth Co., Ltd. Class H
(6680)
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Rating:55Neutral
Price Target:
HK$19.00
▼(-1.45% Downside)
Action:Reiterated
Date:07/03/26
The score is primarily supported by improving TTM profitability, but is held back by higher leverage and historically uneven cash flow quality. Technicals are also a drag with price below key moving averages and a negative MACD, while valuation is pressured by a very high P/E despite a modest dividend yield.
Positive Factors
Improving Profitability
Margins have meaningfully improved versus the prior year, reflecting better pricing and/or cost control. Sustained mid-teens+ gross margins and a near-9% net margin provide durable operating leverage for reinvestment, support ROE improvement and buffer cyclical demand swings.
Negative Factors
Elevated and Volatile Leverage
A materially higher and fluctuating debt load increases refinancing and interest-rate sensitivity. Stepped-up leverage reduces cushion against cyclical downturns, constrains strategic flexibility, and raises funding cost risk if cash generation reverts during weaker end-market cycles.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving Profitability
Margins have meaningfully improved versus the prior year, reflecting better pricing and/or cost control. Sustained mid-teens+ gross margins and a near-9% net margin provide durable operating leverage for reinvestment, support ROE improvement and buffer cyclical demand swings.
Read all positive factors
JL MAG Rare-Earth Co., Ltd. Class H (6680) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$49.41B
Dividend Yield1.77%
Average Volume (3M)16.86M
Price to Earnings (P/E)61.1
Beta (1Y)1.64
Revenue Growth16.87%
EPS Growth113.79%
CountryHK
Employees6,639
SectorIndustrials
Sector Strength72
IndustryManufacturing - Metal Fabrication
Share Statistics
EPS (TTM)0.54
Shares Outstanding234,763,720
10 Day Avg. Volume31,592,580
30 Day Avg. Volume16,859,322
Financial Highlights & Ratios
PEG Ratio0.26
Price to Book (P/B)3.01
Price to Sales (P/S)3.03
P/FCF Ratio-217.57
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$30.00Price Target Upside55.60% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)0.84
Revenue Forecast (FY)HK$12.27B
JL MAG Rare-Earth Co., Ltd. Class H Business Overview & Revenue Model
Company Description
JL Mag Rare-Earth Co., Ltd. specializes in the research, development, manufacturing, and worldwide distribution of high-performance rare earth permanent magnetic materials. The company's primary offering consists of Neodymium Iron Boron (NdFeB) pe...
How the Company Makes Money
JL MAG primarily makes money by selling rare-earth permanent magnet materials and magnet components to business customers. Revenue is generated from (1) product sales of NdFeB magnets (including high-performance grades) supplied to manufacturers a...
JL MAG Rare-Earth Co., Ltd. Class H Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
58
Neutral
Cash Flow
54
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 7.95B | 7.51B | 6.76B | 6.69B | 8.30B | 4.90B |
| Gross Profit | 1.78B | 1.55B | 752.61M | 1.07B | 1.31B | 1.07B |
| EBITDA | 910.44M | 899.17M | 525.15M | 809.34M | 817.64M | 654.94M |
| Net Income | 733.24M | 687.34M | 291.04M | 563.69M | 702.69M | 453.07M |
Balance Sheet | ||||||
| Total Assets | 15.91B | 15.33B | 12.30B | 11.83B | 12.60B | 7.40B |
| Cash, Cash Equivalents and Short-Term Investments | 3.78B | 4.33B | 2.90B | 4.10B | 4.80B | 1.84B |
| Total Debt | 6.16B | 5.85B | 1.04B | 954.15M | 4.09B | 2.68B |
| Total Liabilities | 8.21B | 7.35B | 5.18B | 4.79B | 4.88B | 3.66B |
| Stockholders Equity | 7.60B | 7.56B | 7.02B | 7.02B | 7.62B | 3.63B |
Cash Flow | ||||||
| Free Cash Flow | 645.28M | -104.50M | -167.16M | 712.19M | -316.13M | -670.49M |
| Operating Cash Flow | 1.05B | 349.66M | 507.95M | 1.52B | 361.21M | 144.04M |
| Investing Cash Flow | -821.09M | -813.76M | -1.69B | -942.05M | -877.77M | -807.81M |
| Financing Cash Flow | 1.19B | 1.59B | 91.57M | -815.63M | 2.83B | 1.47B |
JL MAG Rare-Earth Co., Ltd. Class H Technical Analysis
Positive
19.28
Price Trends
19.20
Positive
20.11
Negative
20.47
Negative
Market Momentum
-0.39
Negative
54.29
Neutral
55.53
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:6680, the sentiment is Positive. The current price of 19.28 is above the 20-day moving average (MA) of 18.30, above the 50-day MA of 19.20, and below the 200-day MA of 20.47, indicating a neutral trend. The MACD of -0.39 indicates Negative momentum. The RSI at 54.29 is Neutral, neither overbought nor oversold. The STOCH value of 55.53 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:6680.
JL MAG Rare-Earth Co., Ltd. Class H Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
55 Neutral | HK$49.41B | 61.11 | 9.97% | 1.77% | 16.87% | 113.79% | |
55 Neutral | HK$174.00M | 6.23 | 5.83% | ― | -8.96% | -39.22% | |
47 Neutral | HK$44.18B | -153.82 | -0.23% | 2.07% | -14.08% | -105.52% |
* Industrials Sector Average
HK:6680
JL MAG Rare-Earth Co., Ltd. Class H
19.30
1.50
8.42%
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0.43
0.00
0.00%
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Heng Hup Holdings Ltd.
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0.06
58.18%
HK:2039
China International Marine Containers (Group) Co., Ltd Class H
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1.44
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JL MAG Rare-Earth Co., Ltd. Class H Corporate Events
JL MAG forecasts sharp profit growth for first half of 2026
Jul 1, 2026
JL MAG Rare-Earth Co., Ltd., a Chinese producer of high-performance rare-earth permanent magnets, supplies critical magnetic materials to sectors including new energy vehicles, wind power and industrial automation. The company leverages its rare-e...
JL MAG Rare-Earth Announces Resignation of Independent Director Xu Feng
Jun 2, 2026
JL MAG Rare-Earth Co., Ltd. announced that independent non-executive director Xu Feng has tendered his resignation from the board and his roles on the nomination, strategy, and remuneration and appraisal committees due to other work arrangements. ...
JL MAG Rare-Earth Controlling Shareholder Releases Pledge on 25 Million Shares
Apr 29, 2026
JL MAG Rare-Earth Co., Ltd. disclosed that its controlling shareholder, Jiangxi Ruide Enterprise Management, has released a pledge over 25 million shares, representing 6.46% of its own holdings and 1.82% of the company’s total share capital,...
JL MAG Rare-Earth Clears All Resolutions at 2025 AGM, Confirms Profit Distribution Plan
Apr 28, 2026
JL MAG Rare-Earth Co., Ltd. reported that its 2025 annual general meeting was duly convened in Ganzhou, Jiangxi, with over 43% of share capital represented and all resolutions passed by poll with high approval rates. The meeting confirmed the lega...
JL MAG Rare-Earth Updates Final 2025 Dividend Terms for Hong Kong Shareholders
Apr 28, 2026
JL MAG Rare-Earth has updated its final cash dividend for the year ended 31 December 2025, confirming a payout of RMB 2.2 per 10 shares, with Hong Kong shareholders to receive HKD 2.510968 per 10 shares based on an exchange rate of RMB 1 to HKD 1....
JL MAG Rare-Earth Lowers Convertible Bond Conversion Price After Dividend Approval
Apr 28, 2026
JL MAG Rare-Earth Co., Ltd. has adjusted the conversion price of its US$117.5 million 1.75 per cent guaranteed convertible bonds due 2030, following shareholder approval of a 2025 final dividend of RMB2.2 per 10 shares. The conversion price for H ...
JL MAG Rare-Earth Issues Unaudited First-Quarter 2026 Report With Board Assurance
Apr 28, 2026
JL MAG Rare-Earth Co., Ltd. has released its unaudited first quarter 2026 report, prepared under China Accounting Standards for Business Enterprises and disclosed in accordance with Hong Kong listing and securities regulations. The board and senio...
JL MAG Rare-Earth Posts Strong Q1 2026 Profit Growth Amid Capacity Expansion
Apr 22, 2026
JL MAG Rare-Earth reported solid preliminary results for the first quarter of 2026, with total revenue rising 16.05% year on year to RMB 2.04 billion and net profit attributable to shareholders increasing 20.09%. Net profit after excluding non-rec...
JL MAG Rare-Earth Schedules Board Meeting to Approve Q1 2026 Results
Apr 16, 2026
JL MAG Rare-Earth Co., Ltd., a Hong Kong-listed Chinese rare-earth materials producer, announced that its board of directors will convene on April 28, 2026 to review and approve the unaudited first-quarter results for the period ended March 31, 20...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
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.