How does 2233's PE Ratio compare to its peers?

2233 is expensive based on its Price-To-Earnings Ratio (33.4x) compared to the peer average (27.9x).

How does 2233's PE Ratio compare vs other companies in the Asian Basic Materials Industry?

2233 is expensive based on its Price-To-Earnings Ratio (33.4x) compared to the Asian Basic Materials industry average (17.7x).

What is 2233's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

2233 is expensive based on its Price-To-Earnings Ratio (33.4x) compared to the estimated Fair Price-To-Earnings Ratio (23.7x).

What is the Fair Price of 2233 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

2233 (HK$1.8) is trading below our estimate of [[fair value]] (HK$40.15)

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Target price is lower than the current share price.

2233 Stock Overview

An investment holding company, manufactures and sells cement and cement products in the People’s Republic of China. More details

2233 fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	5/6
Past Performance	0/6
Financial Health	2/6
Dividends	0/6

Rewards

Trading at 95.5% below our estimate of its fair value

Earnings are forecast to grow 59.61% per year

Risk Analysis

Has a high level of debt

Large one-off items impacting financial results

Profit margins (3.3%) are lower than last year (12.5%)

My Notes

Capture your thoughts, links and company narrative

West China Cement Limited Competitors

China Resources Building Materials Technology Holdings

SEHK:1313

HK$11.2b

China National Building Material

SEHK:3323

HK$30.4b

Anhui Conch Cement

SEHK:914

HK$127.5b

Huaibei GreenGold Industry Investment

SEHK:2450

HK$448.8m

Price History & Performance

Summary of share price highs, lows and changes for West China Cement
Historical stock prices
Current Share Price	HK$1.80
52 Week High	HK$1.85
52 Week Low	HK$0.56
Beta	0.49
1 Month Change	20.81%
3 Month Change	97.80%
1 Year Change	168.66%
3 Year Change	33.33%
5 Year Change	40.63%
Change since IPO	-7.22%

West China Cement Limited's (HKG:2233) P/E Is Still On The Mark Following 33% Share Price Bounce

Nov 21

West China Cement (HKG:2233) Has No Shortage Of Debt

Nov 02

West China Cement Limited's (HKG:2233) 31% Jump Shows Its Popularity With Investors

Sep 30

Recent updates

West China Cement Limited's (HKG:2233) P/E Is Still On The Mark Following 33% Share Price Bounce

Nov 21

West China Cement (HKG:2233) Has No Shortage Of Debt

Nov 02

West China Cement Limited's (HKG:2233) 31% Jump Shows Its Popularity With Investors

Sep 30

We Think You Can Look Beyond West China Cement's (HKG:2233) Lackluster Earnings

Sep 20

West China Cement Limited (HKG:2233) Shares Could Be 46% Below Their Intrinsic Value Estimate

May 21

West China Cement (HKG:2233) Will Pay A Smaller Dividend Than Last Year

Apr 17

West China Cement's (HKG:2233) Dividend Is Being Reduced To CN¥0.023

Mar 21

Further Upside For West China Cement Limited (HKG:2233) Shares Could Introduce Price Risks After 82% Bounce

Mar 12

We Think That There Are Some Issues For West China Cement (HKG:2233) Beyond Its Promising Earnings

Sep 30

Here's Why West China Cement (HKG:2233) Has A Meaningful Debt Burden

Sep 03

West China Cement (HKG:2233) Takes On Some Risk With Its Use Of Debt

Apr 11

West China Cement Limited's (HKG:2233) Intrinsic Value Is Potentially 80% Above Its Share Price

Mar 15

Here's Why I Think West China Cement (HKG:2233) Is An Interesting Stock

Feb 22

Could The West China Cement Limited (HKG:2233) Ownership Structure Tell Us Something Useful?

Jan 21

West China Cement (HKG:2233) Seems To Use Debt Quite Sensibly

Dec 17

Is There An Opportunity With West China Cement Limited's (HKG:2233) 35% Undervaluation?

Nov 26

Shareholder Returns

	2233	HK Basic Materials	HK Market
7D	6.5%	-2.9%	0.8%
1Y	168.7%	5.7%	21.1%

Return vs Industry: 2233 exceeded the Hong Kong Basic Materials industry which returned 5.7% over the past year.

Return vs Market: 2233 exceeded the Hong Kong Market which returned 21.1% over the past year.

Price Volatility

Is 2233's price volatile compared to industry and market?
2233 volatility
2233 Average Weekly Movement	8.6%
Basic Materials Industry Average Movement	9.2%
Market Average Movement	8.8%
10% most volatile stocks in HK Market	18.6%
10% least volatile stocks in HK Market	4.1%

Stable Share Price: 2233 has not had significant price volatility in the past 3 months compared to the Hong Kong market.

Volatility Over Time: 2233's weekly volatility (9%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
n/a	8,948	Jianshun Cao	www.westchinacement.com

West China Cement Limited, an investment holding company, manufactures and sells cement and cement products in the People’s Republic of China. It sells cement under the Yao Bai and Yaobaishuini names. The company’s products are used in the construction of infrastructure projects, such as highways, railways, bridges, hydroelectric power stations, and water conservancy and water transfer projects, as well as housing and social infrastructure projects.

West China Cement Limited Fundamentals Summary

How do West China Cement's earnings and revenue compare to its market cap?
2233 fundamental statistics
Market cap	HK$9.49b
Earnings (TTM)	HK$293.78m
Revenue (TTM)	HK$8.86b

33.4x

P/E Ratio

1.1x

P/S Ratio

Is 2233 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
2233 income statement (TTM)
Revenue	CN¥8.32b
Cost of Revenue	CN¥6.11b
Gross Profit	CN¥2.21b
Other Expenses	CN¥1.94b
Earnings	CN¥276.00m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	0.051
Gross Margin	26.56%
Net Profit Margin	3.32%
Debt/Equity Ratio	87.1%

How did 2233 perform over the long term?

See historical performance and comparison

Dividends

1.3%

Current Dividend Yield

45%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/24 10:28
End of Day Share Price	2024/12/24 00:00
Earnings	2024/06/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

West China Cement Limited is covered by 19 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Michelle W.C. Leung	BOCI Research Ltd.
Felix Lam	CCB International Securities Limited
Kevin You	CGS International

2233 Stock Overview

Rewards

Risk Analysis

West China Cement Limited Competitors

SEHK:1313

HK$11.2b

SEHK:3323

HK$30.4b

SEHK:914

HK$127.5b

SEHK:2450

HK$448.8m

Price History & Performance

Recent News & Updates

Independent Non-Executive Director exercised options and sold HK$154k worth of stock

West China Cement Limited's (HKG:2233) P/E Is Still On The Mark Following 33% Share Price Bounce

Investor sentiment improves as stock rises 17%

West China Cement (HKG:2233) Has No Shortage Of Debt

West China Cement Limited's (HKG:2233) 31% Jump Shows Its Popularity With Investors

Investor sentiment improves as stock rises 16%

Recent updates

Independent Non-Executive Director exercised options and sold HK$154k worth of stock

West China Cement Limited's (HKG:2233) P/E Is Still On The Mark Following 33% Share Price Bounce

Investor sentiment improves as stock rises 17%

West China Cement (HKG:2233) Has No Shortage Of Debt

West China Cement Limited's (HKG:2233) 31% Jump Shows Its Popularity With Investors

Investor sentiment improves as stock rises 16%

We Think You Can Look Beyond West China Cement's (HKG:2233) Lackluster Earnings

Consensus revenue estimates fall by 11%

First half 2024 earnings released: EPS: CN¥0.071 (vs CN¥0.098 in 1H 2023)

West China Cement Limited to Report First Half, 2024 Results on Aug 19, 2024

West China Cement Limited Approves Final Dividend for the Year Ended 31 December 2023

West China Cement Limited Approves Final Dividend for the Year Ended 31 December 2023

Upcoming dividend of CN¥0.023 per share

West China Cement Limited (HKG:2233) Shares Could Be 46% Below Their Intrinsic Value Estimate

Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

West China Cement (HKG:2233) Will Pay A Smaller Dividend Than Last Year

West China Cement Limited Announces Directorate Changes

CEO & Executive Director recently sold HK$1.3m worth of stock

Independent Non-Executive Director exercised options and sold HK$173k worth of stock

West China Cement's (HKG:2233) Dividend Is Being Reduced To CN¥0.023

West China Cement Limited Proposes Final Dividend for the Year Ended December 31, 2023, Payable on 31 July 2024

Dividend reduced to HK$0.023

West China Cement Limited, Annual General Meeting, May 24, 2024

Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Further Upside For West China Cement Limited (HKG:2233) Shares Could Introduce Price Risks After 82% Bounce

West China Cement Limited to Report Fiscal Year 2023 Results on Mar 18, 2024

Investor sentiment improves as stock rises 36%

Sentiment Still Eluding West China Cement Limited (HKG:2233)

West China Cement Limited Announces Board Changes

First half 2023 earnings released: EPS: CN¥0.098 (vs CN¥0.12 in 1H 2022)

Consensus EPS estimates fall by 14%

First half 2023 earnings released: EPS: CN¥0.098 (vs CN¥0.12 in 1H 2022)

West China Cement Limited to Report First Half, 2023 Results on Aug 21, 2023

West China Cement Limited Announces Directorate Changes

Does West China Cement (HKG:2233) Have A Healthy Balance Sheet?

West China Cement Limited Approves Declare A Final Dividend for the Year Ended 31 December 2022

Upcoming dividend of CN¥0.067 per share at 7.5% yield

Consensus EPS estimates fall by 14%

Full year 2022 earnings: EPS and revenues exceed analyst expectations

West China Cement Limited Announces Chief Executive Officer Changes

Less than half of directors are independent

West China Cement (HKG:2233) Use Of Debt Could Be Considered Risky

First half 2022 earnings released: EPS: CN¥0.12 (vs CN¥0.19 in 1H 2021)

West China Cement Limited to Report First Half, 2022 Results on Aug 29, 2022

West China Cement Limited Provides Earnings Guidance for the Six Months Ended June 30, 2022

West China Cement Limited Announces Final Dividend for the Year Ended 31 December 2021, Payable on 29 July 2022

West China Cement Limited Declares Final Dividend for the Year Ended 31 December 2021

Upcoming dividend of CN¥0.087 per share

Is West China Cement (HKG:2233) A Risky Investment?

Full year 2021 earnings: EPS and revenues miss analyst expectations

Less than half of directors are independent

West China Cement Limited Recommends the Payment of Final Dividend for the Year Ended 31 December 2021, Payable on or Around 29 July 2022

West China Cement Limited Announces board Changes

Consensus EPS estimates increase by 16%

West China Cement Limited, Annual General Meeting, May 27, 2022

Full year 2021 earnings: EPS and revenues miss analyst expectations

West China Cement Limited Proposes Final Dividend for the Year Ended 31 December 2021

We Think That There Are Some Issues For West China Cement (HKG:2233) Beyond Its Promising Earnings

West China Cement Limited (SEHK:2233) entered into share purchase agreement to acquire an unknown stake in National Cement Share Company from East African Mining Corporation PLC for $17 million.