CompanyGraph
What stands out
- Earnings significantly exceed cash generation
- Most companies in its industry are production businesses; this one is a flow business
At a glance
- Depends onUpstream position: supplies 6 industries, depends on 1
- ScaleRevenue is $6.09B, above the global median of $558.46M
- PositionDebt-to-equity is 1.69×, higher than 95% of its Other Industrial Metals & Mining peers (median 0.13×)
- Interpretations3 currently firing — 3
What this company is and how it runs — written from structure, not news.
What stands out
- Most companies in its industry are production businesses; this one is a flow business
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Sign inThe reported statements, read against the company's own industry.
What stands out
- Earnings significantly exceed cash generation
Financials view
Market Capitalization
2.62BHKD334.23M · vs all stocks (USD)
Trailing P/E
6.53xvs Other Industrial Metals & Mining peers
Revenue (TTM)
47.81BHKD6.09B · vs all stocks (USD)
Profit Margin
0.62%vs Other Industrial Metals & Mining peers
Beta
0.4100xvs all stocks
52-Week Change
-29.12%vs all stocks
Market Capitalization
2.62BHKD334.23M · vs all stocks (USD)
Enterprise Value
8.09BHKD1.03B · vs all stocks (USD)
Trailing P/E
6.53xvs Other Industrial Metals & Mining peers
Price to Sales (TTM)
0.0467xvs Other Industrial Metals & Mining peers
Price to Book (MRQ)
0.3992xvs Other Industrial Metals & Mining peers
Enterprise to Revenue
0.1690xvs Other Industrial Metals & Mining peers
Enterprise to EBITDA
6.83xvs Other Industrial Metals & Mining peers
Profit Margin
0.62%vs Other Industrial Metals & Mining peers
Operating Margin
2.31%vs Other Industrial Metals & Mining peers
Return on Assets (TTM)
1.90%vs Other Industrial Metals & Mining peers
Return on Equity (TTM)
5.88%vs Other Industrial Metals & Mining peers
Revenue (TTM)
47.81BHKD6.09B · vs all stocks (USD)
Revenue per Share (TTM)
4.19HKDUpdated Sep 19, 2026Quarterly Revenue Growth
6.40%vs Other Industrial Metals & Mining peers
Gross Profit (TTM)
2.10BHKD267.81M · vs all stocks (USD)
EBITDA (TTM)
1.50BHKD191.71M · vs all stocks (USD)
Net Income (TTM)
297.78MHKD37.96M · vs all stocks (USD)
Quarterly Earnings Growth (YoY)
-26.10%vs Other Industrial Metals & Mining peers
Operating Cash Flow (TTM)
-2.56BHKD-326.48M · vs all stocks (USD)
Levered Free Cash Flow (TTM)
371.35MHKD47.34M · vs all stocks (USD)
Payout Ratio
0.00%vs Other Industrial Metals & Mining peers
Minority Interest (Equity)
117.98MHKDFY2025 · Dec 31, 2025Revenue
46.62BHKDFY2025 · Dec 31, 2025Cost of Goods Sold
44.66BHKDFY2025 · Dec 31, 2025Gross Profit
1.96BHKDFY2025 · Dec 31, 2025Operating Income
891.78MHKD113.68M · vs all stocks (USD)
Pre-tax Income
476.78MHKDFY2025 · Dec 31, 2025Income Tax Expense
70.79MHKDFY2025 · Dec 31, 2025Net Income
405.99MHKDFY2025 · Dec 31, 2025EBIT
928.33MHKDFY2025 · Dec 31, 2025EBITDA (Income Statement)
1.50BHKDFY2025 · Dec 31, 2025Selling, General & Administrative
1.08BHKDFY2025 · Dec 31, 2025Non-operating Interest Income
69.37MHKDFY2025 · Dec 31, 2025Non-operating Interest Expense
451.55MHKDFY2025 · Dec 31, 2025EPS (Basic)
0.0326HKDFY2025 · Dec 31, 2025EPS (Diluted)
0.0326HKDFY2025 · Dec 31, 2025Basic Shares Outstanding
11.40BSharesFY2025 · Dec 31, 2025Diluted Shares Outstanding
11.40BSharesFY2025 · Dec 31, 2025Minority Interests (P&L)
-34.65MHKDFY2025 · Dec 31, 2025Preferred Stock Dividends
0.00HKDFY2025 · Dec 31, 2025Operating Cash Flow
-2.42BHKDFY2025 · Dec 31, 2025Free Cash Flow
-2.51BHKDFY2025 · Dec 31, 2025Cash & Cash Equivalents (End of Period)
2.28BHKDFY2025 · Dec 31, 2025Starting Profit (CF Statement)
476.78MHKDFY2025 · Dec 31, 2025Other Non-cash Items
438.06MHKDFY2025 · Dec 31, 2025Change in Accounts Receivable (CF)
-4.10BHKDFY2025 · Dec 31, 2025Change in Other Assets/Liabilities
766.85MHKDFY2025 · Dec 31, 2025Capital Expenditures
-91.47MHKDFY2025 · Dec 31, 2025Net Intangibles (CF)
-4.48MHKDFY2025 · Dec 31, 2025Net Acquisitions
-1.66MHKDFY2025 · Dec 31, 2025Purchase of Investments
-1.37BHKDFY2025 · Dec 31, 2025Sale of Investments
1.42BHKDFY2025 · Dec 31, 2025Other Investing Activity
19.21MHKDFY2025 · Dec 31, 2025Net Investing Cash Flow
-22.44MHKDFY2025 · Dec 31, 2025Long-term Debt Issuance
2.89BHKDFY2025 · Dec 31, 2025Long-term Debt Payments
-2.07MHKDFY2025 · Dec 31, 2025Other Financing Charges
-12.06MHKDFY2025 · Dec 31, 2025Net Financing Cash Flow
2.87BHKDFY2025 · Dec 31, 2025Shares Outstanding
11.40BSharesUpdated Sep 19, 2026Float Shares
5.56BSharesUpdated Sep 19, 2026% Held by Insiders
51.26%vs all stocks
% Held by Institutions
0.34%vs all stocks
Total Cash (MRQ)
3.91BHKD498.41M · vs all stocks (USD)
Total Cash per Share (MRQ)
0.3430HKDUpdated Sep 19, 2026Total Debt (MRQ)
9.68BHKD1.23B · vs all stocks (USD)
Total Debt to Equity (MRQ)
1.69xvs Other Industrial Metals & Mining peers
Current Ratio (MRQ)
1.14xvs Other Industrial Metals & Mining peers
Book Value per Share (MRQ)
0.4910HKDUpdated Sep 19, 2026Total Assets
33.46BHKD4.27B · vs all stocks (USD)
Total Current Assets
27.62BHKDFY2025 · Dec 31, 2025Total Liabilities
27.98BHKDFY2025 · Dec 31, 2025Total Non-current Assets
5.84BHKDFY2025 · Dec 31, 2025Total Non-current Liabilities
3.27BHKDFY2025 · Dec 31, 2025Total Current Liabilities
24.71BHKDFY2025 · Dec 31, 2025Cash & Cash Equivalents
2.28BHKDFY2025 · Dec 31, 2025Other Short-term Investments
1.34BHKDFY2025 · Dec 31, 2025Accounts Receivable
5.09BHKDFY2025 · Dec 31, 2025Inventory
4.92BHKDFY2025 · Dec 31, 2025Accounts Payable
14.06BHKDFY2025 · Dec 31, 2025Short-term Debt
8.01BHKDFY2025 · Dec 31, 2025Long-term Debt
2.99BHKDFY2025 · Dec 31, 2025Other Non-current Liabilities
-1.00KHKDFY2025 · Dec 31, 2025Common Stock (Book)
4.73BHKDFY2025 · Dec 31, 2025Retained Earnings
-952.00MHKDFY2025 · Dec 31, 2025Total Shareholders' Equity
5.48BHKD698.76M · vs all stocks (USD)
52-Week Low
0.1750HKDUpdated Sep 19, 202652-Week High
0.3650HKDUpdated Sep 19, 202652-Week Change
-29.12%vs all stocks
Beta
0.4100xvs all stocks
50-Day MA
0.2011HKDUpdated Sep 19, 2026200-Day MA
0.2566HKDUpdated Sep 19, 2026Avg 10-Day Volume
2.26MSharesUpdated Sep 19, 2026Avg 30-Day Volume
2.79MSharesUpdated Sep 19, 2026Diluted EPS (TTM)
0.0300HKDUpdated Sep 19, 20263 interpretations currently present — each is a set of fired observations whose alignment reads as one structural pattern. Click an observation to see the numbers behind it.
Screen for these patternsHow does this company use capital?
Diagnostic
Elevated ROE With High Debt-to-Equity and Equity Multiplier
Return on equity reads high on a balance sheet carrying a lot of debt against that equity.
Reads
Industry-Benchmarked Return on Capital Elevated
It earns more on its assets and its equity than its industry, and gets more sales from those assets.
Reads
Low Fixed-Asset Share With Elevated Turnover
It owns few buildings and machines, yet gets more sales and profit from its assets than its industry does.
Reads
An interpretation is present only while every observation it reads stays fired (score ≥ 70). It describes what the aligned readings show — never a verdict, never a prediction.
Shared structure with peers — never a ranking.
Relationships view
Structural observations derived from financial data, industry benchmarks, and supply chain position.
Peer Positioning
Debt-to-equity is 1.69×, higher than 95% of its Other Industrial Metals & Mining peers (median 0.13×)Significant
Debt-to-equity: 1.69Industry median: 0.13Industry P95: 0.93Peers compared: 87.00
Price-to-book is 0.4×, lower than 95% of its Other Industrial Metals & Mining peers (median 2.62×)Notable
Price-to-book: 0.40Industry median: 2.62Industry P5: 0.66Peers compared: 87.00
Structural Tensions
Earnings significantly exceed cash generationSignificant
Net Income (USD, TTM): 37,958,273.58Operating Cash Flow (USD, TTM): -326,478,968.34
Most companies in its industry are production businesses; this one is a flow businessSignificant
Industry peers: 221Share on the common pattern %: 97.00
Financial Health
Altman Z-Score 1.6: grey zoneSignificant
Altman Z-Score: 1.60
Low earnings qualitySignificant
Earnings Quality Score: -1.31
Supply Chain
Upstream position: supplies 6 industries, depends on 1Notable
Outgoing: 6.00Incoming: 1.00
Scale
Revenue is $6.09B, above the global median of $558.46MNotable
Revenue (USD): 6,094,285,730.857Global Median: 558,459,881.051
Levered free cash flow is $47.34M, above the global median of $18.92MNotable
Levered free cash flow (USD): 47,335,474.62Global Median: 18,920,810.7
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Companies that share active interpretations — structural patterns currently present in both stocks.
GPS Participações e Empreendimentos S.A.
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Supply Chain
Copper Supply Chain
Follow copper from ore and concentrate through refining, fabrication, installed stock, scrap, and return. Copper supply depends on controlled chemistry, form, identity, and delayed recovery from long-lived infrastructure—not generic metal tonnage.
Lithium Supply Chain
Follow lithium from brine or rock through compounds, cathodes, cells, packs, vehicle service, and recycling. A resource, chemical assay, factory nameplate, or recovered metal does not by itself establish a safe, qualified battery.
Rare Earth Elements Supply Chain
Rare earths are not one material. Follow mixed ore through concentration, leaching, separation, oxide and metal production, permanent magnets, catalysts, polishing compounds, electronics, recycling, and waste management. Geology couples valuable magnet elements to abundant co-products, while chemical separation and specialized manufacturing determine whether a deposit becomes a qualified component. Mining alone therefore does not establish usable supply.