Mining Industry Report
Market Cap: $1.9T
Stocks: 87
Median P/E: 0.0x
Median ROIC: 7.0%
Data sourced from SEC EDGAR filings. Report refreshed weekly.
Part of the Materials sector.
Performance Dashboard
| Period | Sector (MCW) | Sector (Median) |
|---|---|---|
| 1 Day | -0.0% | 0.0% |
| 1 Week | +0.6% | -0.3% |
| 1 Month | — | — |
| 3 Months | — | — |
| 6 Months | — | — |
| YTD | -0.7% | -0.6% |
| 1 Year | +119.5% | +98.8% |
| 3 Years | +178.2% | +62.0% |
| 5 Years | +175.4% | +66.8% |
Today's Breadth: 25 advancing · 39 declining · 19 flat
Valuation Summary
| Metric | Median | P25 | P75 | vs 5Y Avg |
|---|---|---|---|---|
| P/E | 0.0x | 0.0x | 14.6x | -100% |
| P/B | 0.8x | 0.0x | 2.9x | -39% |
| P/S | 0.0x | 0.0x | 1.9x | — |
| P/FCF | 4.6x | 0.0x | 17.2x | — |
| EV/EBITDA | 11.6x | 8.7x | 15.8x | — |
| EV/EBIT | 16.7x | 9.8x | 24.0x | — |
Earnings Yield
4.8%
FCF Yield
-1.8%
Below Fair Value
4% of stocks
Profitability Profile
Margins
| Metric | Median | 5Y Avg | P25 | P75 |
|---|---|---|---|---|
| Gross Margin | 27.4% | 25.1% | 9.6% | 39.7% |
| Operating Margin | 17.6% | — | -2.5% | 36.2% |
| Net Margin | 14.7% | 8.7% | -1.0% | 24.3% |
| FCF Margin | 12.8% | — | 0.8% | 18.1% |
Returns on Capital
| Metric | Median | 5Y Avg | P25 | P75 |
|---|---|---|---|---|
| ROE | 8.2% | — | -20.9% | 20.8% |
| ROA | 0.0% | — | -23.9% | 9.8% |
| ROIC | 7.0% | 4.9% | -17.1% | 21.4% |
Growth Metrics
| Metric | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|
| Revenue | +8.0% | +7.5% | +11.5% |
| EPS | +25.0% | +4.9% | +11.0% |
| Free Cash Flow | +20.2% | +7.9% | +9.6% |
All values represent sector median growth rates.
Balance Sheet Health
Debt / Equity
0.2x
Net Debt / EBITDA
-0.1x
Interest Coverage
3.5x
Current Ratio
1.7x
Altman Z-Score
Safe (>3): 14 (23%)
Gray (1.8–3): 12 (20%)
Distress (<1.8): 35 (57%)
Piotroski F-Score
Strong (7–9): 14 (16%)
Moderate (4–6): 36 (41%)
Weak (0–3): 37 (43%)
Top Companies
| Symbol | #▲ | Mkt Cap | P/E | EV/EBITDA | ROIC | Net Mgn | Rev Gr. | Div Yld | YTD | Qual. |
|---|---|---|---|---|---|---|---|---|---|---|
| BHP | 1 | $490.6B | — | — | 33.7% | 21.7% | -7.9% | — | -0.4% | 2/9 |
| BHPLF | 2 | $243.5B | — | — | 33.7% | 21.7% | -7.9% | — | -0.3% | 2/9 |
| RIO | 3 | $167.1B | 13.2x | 9.9x | 21.0% | 17.8% | +7.4% | 4.6% | +4.5% | 5/9 |
| SCCO | 4 | $162.5B | 28.2x | 15.8x | 54.3% | 32.3% | +17.4% | 2.0% | -4.4% | 8/9 |
| NEM | 5 | $129.2B | 16.6x | 7.9x | 21.5% | 31.3% | +21.3% | 0.9% | -3.0% | 5/9 |
| NEMCL | 6 | $122.7B | 13.3x | 6.3x | 21.3% | 31.3% | +21.3% | 1.2% | 0.0% | 5/9 |
| FCX | 7 | $98.6B | 34.8x | 9.0x | 20.8% | 8.5% | +1.8% | 1.1% | -1.9% | 5/9 |
| VALE | 8 | $79.2B | 6.0x | — | 17.3% | 15.7% | -8.9% | 10.9% | +2.5% | 3/9 |
| AU | 9 | $49.1B | 9.5x | — | 13.0% | 18.1% | +26.4% | 2.5% | -8.1% | 1/9 |
| GFI | 10 | $45.8B | — | — | 21.7% | 24.8% | +15.6% | — | — | 3/9 |
| GFIOF | 11 | $44.4B | — | — | 27.1% | 24.8% | +15.6% | — | — | 3/9 |
| VMC | 12 | $39.5B | 36.3x | 18.2x | 9.8% | 13.6% | +7.1% | 0.7% | +0.6% | 3/9 |
| MLM | 13 | $38.5B | 34.4x | 21.4x | 7.9% | 18.5% | +8.6% | 0.5% | -0.8% | 4/9 |
| AEM | 14 | $37.3B | — | — | 15.8% | 16.2% | +5.3% | — | -4.0% | 3/9 |
| HL | 15 | $12.6B | 41.2x | 19.4x | 13.4% | 22.6% | +53.0% | 0.1% | +0.1% | 3/9 |
| CDE | 16 | $12.5B | 20.2x | 11.6x | 28.9% | 28.3% | +96.4% | — | -3.4% | 4/9 |
| SQM | 17 | $12.5B | 15.6x | — | 23.8% | 15.3% | -39.4% | 1.3% | +4.4% | 6/9 |
| HMY | 18 | $10.3B | — | — | 35.0% | 19.7% | +23.4% | — | -0.6% | 3/9 |
| BVN | 19 | $9.9B | — | — | 14.8% | 36.0% | +40.1% | — | -1.4% | 0/9 |
| MP | 20 | $9.8B | — | — | -3.5% | -38.3% | +10.1% | — | +3.6% | 1/9 |
Industry Composition
| Industry | Stocks | Market Cap | % | |
|---|---|---|---|---|
| Metal Mining | 32 | $1.3T | 67.2% | |
| Gold And Silver Ores | 36 | $481.0B | 25.5% | |
| Mining & Quarrying Of Nonmetallic Minerals (No Fuels) | 14 | $126.1B | 6.7% | |
| Bituminous Coal & Lignite Surface Mining | 5 | $11.4B | 0.6% |
Quality Distribution
0
1
2
3
4
5
6
7
8
9
Quality Score (0-9)
High Quality (7+)
1%
Median Piotroski F
4/9
Profitable Years
3 of 10
Dividends & Shareholder Returns
Paying Dividends
21%
Median Div Yield
1.2%
Median Buyback Yield
0.0%
Shareholder Yield
0.0%
Payout Ratio
24.2%
Div Growth (3Y)
-6.1%
Div Growth (5Y)
2.9%
Strengths & Weaknesses
Strengths
- +[Balance Sheet]Conservative balance sheets with a median Debt/Equity of 0.2x, providing financial flexibility for opportunistic investment.
- +[Growth]Strong secular growth with a median 5-year revenue CAGR of 11.5%, outpacing nominal GDP.
- +[Valuation]Attractive valuations: current median P/E of 0.0x is 100.0% below the 5-year average, presenting potential value opportunity.
Weaknesses
- −[Financial Health]57.4% of companies fall in the Altman Z-Score distress zone (<1.8), indicating elevated bankruptcy risk within the sector.
- −[Leverage]Tight interest coverage at 3.5x, leaving limited cushion for debt servicing if earnings decline.
- −[Quality]Only 1.1% of companies score 7+ on the quality checklist, reflecting structural challenges in achieving consistent returns across the sector.
- −[Valuation]Only 3.8% of companies trade below estimated fair value, suggesting limited margin of safety at current prices.