Latest Ratios: P/E Ratio -26.1x · EV/EBITDA N/A · ROE -1.4%. (1996–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $5M | $5M | $52M | $105M | $124M | $189M | $346M | $467M | $337M | $532M | $494M |
| Enterprise Value | $5M | $4M | $49M | $100M | $170M | $210M | $373M | $464M | $334M | $528M | $483M |
| P/E Ratio → | -26.13 | — | — | — | — | — | 14.19 | — | — | — | — |
| P/S Ratio | — | — | — | — | 6.13 | 10.08 | 8.13 | 3.17 | — | — | — |
| P/B Ratio | 0.37 | 0.05 | 0.59 | 1.38 | 0.70 | 1.04 | 1.18 | — | — | — | 37.45 |
| P/FCF | — | — | — | 64.79 | — | — | — | — | — | — | — |
| P/OCF | — | — | — | 64.72 | — | — | — | — | — | — | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | — | — | — | 8.36 | 11.20 | 8.77 | 3.15 | — | — | — |
| EV / EBITDA | — | — | — | — | — | — | — | — | — | — | — |
| EV / EBIT | — | — | — | — | — | — | — | — | — | — | — |
| EV / FCF | — | — | — | 62.07 | — | — | — | — | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | — | — | — | — | 28.7% | 1.3% | 7.7% | 10.2% | — | — | — |
| Operating Margin | — | — | — | — | -124.3% | -59.1% | -36.3% | -3.9% | — | — | — |
| Net Profit Margin | — | — | — | — | -121.3% | -257.0% | 57.3% | -29.2% | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -1.4% | -1.4% | -3.9% | -10.9% | -13.7% | -20.3% | 18.4% | — | — | — | -5013.3% |
| ROA | -0.5% | -0.5% | -1.2% | -4.8% | -7.5% | -11.2% | 9.0% | -536.6% | -32.7% | -48.2% | -31.5% |
| ROIC | -2.8% | -2.8% | -0.0% | -6.6% | -8.9% | -3.2% | -7.9% | — | — | — | -188.4% |
| ROCE | -1.3% | -1.3% | -0.0% | -7.8% | -9.8% | -3.5% | -8.7% | — | — | -414.7% | -24.4% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | — | — | — | 0.00 | 0.43 | 0.44 | 0.29 | — | — | — | 0.59 |
| Debt / EBITDA | — | — | — | — | — | — | — | — | — | — | — |
| Net Debt / Equity | — | -0.01 | -0.03 | -0.06 | 0.25 | 0.11 | 0.09 | — | — | — | -0.86 |
| Net Debt / EBITDA | — | — | — | — | — | — | — | — | — | — | — |
| Debt / FCF | — | — | — | -2.72 | — | — | — | — | — | — | — |
| Interest Coverage | -74.98 | -74.98 | — | -299.60 | — | -66.72 | -4.47 | -791.16 | — | -443.14 | -25.97 |
Net cash position: cash ($475301) exceeds total debt ($0)
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.12 | 0.12 | 0.25 | 0.03 | 3.05 | 2.85 | 2.55 | 0.21 | 0.25 | 0.65 | 0.48 |
| Quick Ratio | 0.12 | 0.12 | 0.25 | 0.03 | 3.03 | 2.83 | 2.54 | 0.32 | 0.25 | 0.65 | 0.34 |
| Cash Ratio | 0.03 | 0.03 | 0.18 | 0.03 | 0.51 | 0.81 | 1.31 | 0.10 | 0.23 | 0.42 | 0.25 |
| Asset Turnover | — | — | — | — | 0.06 | 0.06 | 0.08 | 17.74 | — | — | — |
| Inventory Turnover | — | — | — | — | 19.87 | 18.76 | 46.80 | — | — | — | 0.26 |
| Days Sales Outstanding | — | — | — | — | 1177.60 | 1108.50 | 380.73 | 9.81 | — | — | — |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | 5.4% | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | 7.0% | — | — | — | — |
| FCF Yield | — | — | — | 1.5% | — | — | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 5.4% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Shares Outstanding | — | $1M | $10M | $8M | $8M | $8M | $6M | $6M | $5M | $5M | $5M |
Imminent liquidity and insolvency
As reported in recent financial filings, CHNR trades at a price-to-book ratio of 0.39, a valuation level that suggests the market assigns minimal confidence in the recoverability of the company's non-current assets or its ability to pivot successfully into the wastewater treatment sector.
The negative TTM P/E ratio of -27.30 underscores the absence of core earnings power, rendering traditional valuation multiples largely irrelevant for assessing the firm's intrinsic value. Investors should monitor whether the current discount to book value represents a genuine opportunity or a rational market reaction to the persistent lack of revenue generation.
Based on historical data, CHNR has consistently failed to generate positive returns on invested capital, with ROIC figures lingering in negative territory for the majority of the last ten quarters, reflecting a fundamental inability to deploy capital effectively across its mining and environmental service segments.
The persistent decay in ROIC suggests that the company's capital allocation strategy has been value-destructive rather than compounding. This trend warrants further investigation into whether the firm's assets are truly productive or if they represent legacy investments that no longer align with current market opportunities.
According to quarterly reports, the company's days payable outstanding has reached extreme levels, such as the 8,680 days recorded in 2025Q4, which indicates a severe breakdown in standard supplier relationships and suggests that the firm is struggling to manage its basic operational obligations.
The erratic nature of the cash conversion cycle metrics implies that the company lacks a stable operational rhythm, likely exacerbated by the transition between mining and EPC project work. Such volatility in working capital efficiency is a red flag for analysts, as it suggests that the firm's internal controls may be insufficient to support a scalable business model.
As evidenced by the most recent quarterly data, CHNR's current ratio has plummeted to a precarious 0.12, leaving the company with virtually no margin of safety to meet its short-term liabilities or fund the ongoing maintenance of its mining and wastewater infrastructure.
This liquidity position appears highly vulnerable, suggesting that the firm is likely dependent on external financing or parent company support to avoid insolvency. Under any scenario of operational stress, the company's ability to remain a going concern without significant capital dilution appears increasingly limited.
Market participants frequently misapply traditional mining valuation metrics to CHNR, which obscures the reality that the company currently functions more as a distressed holding entity than an active producer of nonferrous metals or environmental services.
Analysts should instead focus on the cash-to-market-cap ratio and the burn rate, as these metrics provide a more accurate picture of the firm's survival horizon. Relying on EV/EBITDA or P/E ratios in this context is misleading, as these figures fail to account for the company's lack of operational revenue and its reliance on non-recurring asset movements.
Includes 30+ ratios · 30 years · Updated daily
DCF models, multiple analysis, and analyst estimates.
10-year return with dividends reinvested.
See how regular investing compounds over time.
Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying CHNR stock.
China Natural Resources, Inc.'s current P/E ratio is -26.1x. The historical average is 47.2x.
China Natural Resources, Inc.'s return on equity (ROE) is -1.4%. The historical average is 6.2%.
Based on historical data, China Natural Resources, Inc. is trading at a P/E of -26.1x. Compare with industry peers and growth rates for a complete picture.