Hochschild Mining (HOC)

Sector:

Mining

Index:

FTSE 250

162.80p
   
  • Change Today:
    -0.40p
  • 52 Week High: 168.60
  • 52 Week Low: 68.45
  • Currency: UK Pounds
  • Shares Issued: 514.46m
  • Volume: 1,081,153
  • Market Cap: £837.54m
  • RiskGrade: 335

Key Financials

  $ (Millions) $ (Millions) $ (Millions) $ (Millions) $ (Millions)
Growth Metrics 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19 31-Dec-18
Annualisation Factor 1.0 n/a 1.0 1.0 0.2
Dividend Yield 2.2% 0.0% 2.4% 0.9% 2.0%
           
Continuing Operations          
PE Ratio - Adjusted 88.0 1,153.1 43.4 25.5 39.1
PE Ratio - Diluted 88.0
n/a		 1,153.1
13.2		 86.8
148.1		 38.2
24.6		 65.2
41.2
PEG - Adjusted 0.1 n/a n/a 0.3 n/a
PEG - Diluted 0.1
n/a		 n/a
0.0		 n/a
n/a		 0.4
0.3		 n/a
n/a
Return on Capital Employed 3.84%
2.81%		 0.15%
0.14%		 8.35%
8.35%		 8.69%
11.44%		 1.14%
1.14%
Operating Margin 7.33%
5.79%		 20.41%
18.86%		 13.23%
13.23%		 11.11%
14.63%		 9.07%
9.07%
           
Continuing & Discontinued Operations          
PE Ratio - Adjusted 88.0 114,234.7 43.4 25.5 234.7
PE Ratio - Diluted 88.0
n/a		 114,234.7
1,304.0		 86.8
148.1		 38.2
24.6		 391.1
247.0
PEG - Adjusted 0.0 n/a n/a 0.0 n/a
PEG - Diluted 0.0
n/a		 n/a
n/a		 n/a
n/a		 0.0
0.0		 n/a
n/a

  $ (Millions) $ (Millions) $ (Millions) $ (Millions) $ (Millions)
Gearing 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19 31-Dec-18
Net Gearing 26.65% (12.41%) (2.97%) 4.53% 10.76%

  $ (Millions) $ (Millions) $ (Millions) $ (Millions) $ (Millions)
Value Metrics 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19 31-Dec-18
Price/Book Value n/a n/a n/a n/a n/a
Price/Tangible Book Value n/a n/a n/a n/a n/a
Price/ Cash Flow n/a n/a n/a n/a n/a
Price/Revenue n/a n/a n/a n/a n/a
Price/R&D n/a n/a n/a n/a n/a
Net Asset Value per Share (exc. Intangibles) 112.85¢ 120.27¢ 115.28¢ 118.25¢ 119.95¢
Net Cash per Share n/a n/a n/a n/a n/a

  $ (Millions) $ (Millions) $ (Millions) $ (Millions) $ (Millions)
Annualised Fundamentals 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19 31-Dec-18
Continuing Operations          
Revenue 735.64 8.19 621.83 755.68 117.33
EBITDA 190.36
179.00		 3.14
3.01		 198.95
198.95		 83.94
110.52		 10.64
10.64
Depreciation (136.43)
(136.43)		 (1.47)
(1.47)		 (116.67)
(116.67)		 n/a
n/a		 n/a
n/a
Net Interest (16.56)
(16.56)		 (0.28)
(0.28)		 (19.36)
(19.36)		 (7.10)
(7.10)		 (4.25)
(1.52)
Profit Before Tax 25.77
14.40		 1.39
1.26		 62.92
62.92		 76.84
103.42		 6.39
9.12
           
Revenue per Share 143.16¢ 1.59¢ 121.01¢ 148.01¢ 23.06¢
Pre-Tax Profit per Share 5.01¢
2.80¢		 0.27¢
0.24¢		 12.24¢
12.24¢		 15.05¢
20.26¢		 1.26¢
1.79¢
Market Capitalisation $ (Millions) 361.00 668.55 1,067.83 940.39 796.72
Enterprise Value (EV) $ (Millions) 677.80 954.98 1,278.11 1,101.43 953.79
EBITDA/EV 28.08%
26.41%		 0.33%
0.32%		 15.57%
15.57%		 7.62%
10.03%		 1.12%
1.12%
Operating Margin 7.33%
5.79%		 20.41%
18.86%		 13.23%
13.23%		 11.11%
14.63%		 9.07%
9.07%
Capital Employed $ (Millions) 1,102.47 1,122.61 985.08 965.69 933.29
Return on Capital Employed 3.84%
2.81%		 0.15%
0.14%		 8.35%
8.35%		 8.69%
11.44%		 1.14%
1.14%
Invested Equity Capital $ (Millions) 860.79 899.62 908.88 895.44 885.16
           
Earnings per Share - Basic 1.00¢
(1.64¢)		 0.15¢
12.52¢		 3.00¢
1.76¢		 6.00¢
9.32¢		 3.00¢
4.79¢
Earnings per Share - Diluted 1.00¢
(1.61¢)		 0.14¢
12.38¢		 3.00¢
1.76¢		 6.00¢
9.31¢		 3.00¢
4.75¢
Earnings per Share - Adjusted 1.00¢ 0.14¢ 6.00¢ 9.00¢ 5.00¢
Earnings per Share Growth - Basic 560%
n/a		 -95%
612%		 -50%
-81%		 100%
95%		 -82%
-75%
Earnings per Share Growth - Diluted 608%
n/a		 -95%
605%		 -50%
-81%		 100%
96%		 -82%
-75%
Earnings per Share Growth - Adjusted 608% -98% -33% 80% -70%
PE Ratio - Diluted 88.0
n/a		 1,153.1
13.2		 86.8
148.1		 38.2
24.6		 65.2
41.2
PEG - Diluted 0.1
n/a		 n/a
0.0		 n/a
n/a		 0.4
0.3		 n/a
n/a
Tax Rate 56.02% 48.16% 67.54% 46.07% 82.53%
Dividend Cover 0.51
(0.84)		 3.27
289.38		 0.95
0.28		 4.50
4.66		 1.27
1.22
Interest Cover 2.18
1.66		 5.28
4.89		 3.67
3.67		 8.65
11.30		 2.39
5.89
           
Continuing & Discontinued Operations          
Earnings per Share - Basic 1.00¢
(1.64¢)		 n/a
0.13¢		 3.00¢
1.76¢		 6.00¢
9.32¢		 0.50¢
0.80¢
Earnings per Share - Diluted 1.00¢
(1.61¢)		 n/a
0.12¢		 3.00¢
1.76¢		 6.00¢
9.31¢		 0.50¢
0.79¢
Earnings per Share - Adjusted 1.00¢ n/a 6.00¢ 9.00¢ 0.83¢
Earnings per Share Growth - Basic 65,330%
n/a		 -100%
-93%		 -50%
-81%		 1,100%
1,069%		 -97%
-96%
Earnings per Share Growth - Diluted 70,004%
n/a		 -100%
-93%		 -50%
-81%		 1,100%
1,077%		 -97%
-96%
Earnings per Share Growth - Adjusted 70,004% -100% -33% 980% -95%
PE Ratio - Diluted 88.0
n/a		 114,234.7
1,304.0		 86.8
148.1		 38.2
24.6		 391.1
247.0
PEG - Diluted 0.0
n/a		 n/a
n/a		 n/a
n/a		 0.0
0.0		 n/a
n/a
Dividend Cover 0.51
(0.84)		 0.03
2.92		 0.95
0.28		 4.50
4.66		 0.21
0.20
Return on Equity (ROE) 0.34%
(0.98%)		 0.09%
0.07%		 1.67%
0.99%		 3.23%
5.32%		 0.24%
0.46%
Operating Cash Flow per Share 20.03¢ 0.56¢ 38.02¢ 55.48¢ 36.54¢
Gross Cash Flow per Share cn/a cn/a cn/a cn/a cn/a
Cash Incr/Decr per Share (46.95¢) 0.31¢ 13.77¢ 17.40¢ (5.64¢)
Capital Expenditure per Share n/a n/a n/a n/a n/a
Dividend per Share 1.95¢ 0.043¢ 6.33¢ 2.00¢ 3.92¢
Dividend per Share Growth 4,408.37% (99.32%) 216.75% (49.03%) (26.06%)
Dividend Yield 2.2% 0.0% 2.4% 0.9% 2.0%
Shareholders Funds 657.24 695.55 726.53 733.01 719.29
Net Borrowings $ (Millions) 175.15 (86.29) (21.55) 33.19 77.36
Net Asset Value per Share (inc. Intangibles) 100.11¢ 107.84¢ 99.80¢ 103.63¢ 106.05¢

  $ (Millions) $ (Millions) $ (Millions) $ (Millions) $ (Millions)
Gearing - inc Intangibles 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19 31-Dec-18
Shareholders' Funds inc Intangibles 657.24 695.55 726.53 733.01 719.29
Net Borrowings $ (Millions) 175.15 (86.29) (21.55) 33.19 77.36
Net Gearing 26.65% (12.41%) (2.97%) 4.53% 10.76%
Cash & Near Cash 143.84 386.79 231.88 166.36 79.70
Cash 21.89% 55.61% 31.92% 22.70% 11.08%
Gross Borrowings 318.99 300.50 210.33 199.54 157.07
Gross Gearing 48.53% 43.20% 28.95% 27.22% 21.84%
Borrowings Under 5 years 318.99 300.50 210.33 199.54 157.07
Under 5 years 48.53% 43.20% 28.95% 27.22% 21.84%
Borrowings Under 1 year n/a n/a n/a n/a n/a
Under 1 year n/a n/a n/a n/a n/a

  $ (Millions) $ (Millions) $ (Millions) $ (Millions) $ (Millions)
Gearing - exc Intangibles 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19 31-Dec-18
Shareholders' Funds exc Intangibles 514.45 554.16 512.85 529.09 539.69
Net Borrowings $ (Millions) 175.15 (86.29) (21.55) 33.19 77.36
Net Gearing 34.05% (15.57%) (4.20%) 6.27% 14.33%
Cash & Near Cash 143.84 386.79 231.88 166.36 79.70
Cash 27.96% 69.80% 45.21% 31.44% 14.77%
Gross Borrowings 318.99 300.50 210.33 199.54 157.07
Gross Gearing 62.01% 54.23% 41.01% 37.71% 29.10%
Borrowings Under 5 years 318.99 300.50 210.33 199.54 157.07
Under 5 years 62.01% 54.23% 41.01% 37.71% 29.10%
Borrowings Under 1 year n/a n/a n/a n/a n/a
Under 1 year n/a n/a n/a n/a n/a

  $ (Millions) $ (Millions) $ (Millions) $ (Millions) $ (Millions)
Cover 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19 31-Dec-18
Quick Ratio 1.12 2.50 1.79 1.52 0.75
Current Ratio 1.41 2.76 2.03 1.86 0.99

Key

* GAAP

a. Includes discontinued activities

b. Based on operating cash flow before tax

c. Not disclosed under IFRS

d. Includes non-current assets

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

Note 3: Above ratios are on a 'per annum' basis, adjusted for corporate actions and based on the fundamentals of the primary listed security.

Note 4: Under IFRS, all figures are based on 'Continuing' operations unless otherwise stated.

Note 5: Normalised ratios are shown in blue text

Note 6: Forecast figures based on normalised accounts.

 

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