JL Mag’s third-quarter revenue grew 56% year on year despite lackluster downstream electric vehicle sales. Gross margin was down 4 percentage points from a year ago but remained stable sequentially.
Benefiting from China’s significant increase in NEV sales, JL Mag would record strong demand from leading NEV manufacturers and fast revenue growth.
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.
|
Metric
|
300748
|
002466
|
00916
|
|---|---|---|---|
Price/Earnings (Normalized) | 37.11 | 11.21 | 10.28 |
Price/Book Value | 4.21 | 1.27 | 0.47 |
Price/Sales | 3.68 | 2.95 | 1.28 |
Price/Cash Flow | 21.99 | 9.75 | 1.77 |
|
Metric
|
300748
|
002466
|
00916
|
|---|---|---|---|
Quick Ratio | 0.97 | 2.37 | 0.64 |
Current Ratio | 1.59 | 2.93 | 0.68 |
Interest Coverage | 10.31 | 25.38 | 2.80 |
|
Metric
|
300748
|
002466
|
00916
|
|---|---|---|---|
Return on Assets (Normalized) | 5.48% | 7.39% | 1.32% |
Return on Equity (Normalized) | 11.42% | 12.73% | 4.67% |
Return on Invested Capital (Normalized) | 8.42% | 8.62% | 2.59% |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
| ATI Inc
ATI
| LOCK|%rb^xD | LOCK|Tkp | $23B | |||
| Carpenter Technology Corp
CRS
| LOCK|%ZCzy^ | LOCK|$$P& | $14B | |||
| Mueller Industries Inc
MLI
| — | LOCK|V#@b | $12B | |||
| Commercial Metals Co
CMC
| LOCK|?Y?n!b^ | LOCK|w@ | $7B | |||
| Aurubis AG ADR
AIAGY
| — | LOCK|&$F | $7B | |||
| Aurubis AG
AIAGF
| — | LOCK|LN | $7B | |||
| JL Mag Rare-Earth Co Ltd ADR
JMREY
| — | LOCK|s<%?S | $5B | |||
| ESAB Corp
ESAB
| LOCK|@nSQQK? | LOCK|$wsK | $4B | |||
| Worthington Enterprises Inc
WOR
| LOCK|^>HTz< | LOCK|rPCJ | $3B | |||
| GPGI Inc Class A
GPGI
| — | LOCK|#d | $3B |
United States