347 Stock Overview
Angang Steel Company Limited engages in the production, processing, and sale of steel products in the People’s Republic of China.
Angang Steel Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||HK$2.62|
|52 Week High||HK$6.83|
|52 Week Low||HK$2.42|
|1 Month Change||-1.50%|
|3 Month Change||-20.37%|
|1 Year Change||-50.75%|
|3 Year Change||-6.43%|
|5 Year Change||-46.45%|
|Change since IPO||100.35%|
Recent News & Updates
Angang Steel (HKG:347) Has A Pretty Healthy Balance Sheet
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Angang Steel (HKG:347) Is Increasing Its Dividend To HK$0.26
Angang Steel Company Limited ( HKG:347 ) will increase its dividend on the 23rd of June to HK$0.26. This will take the...
Angang Steel Company Limited (HKG:347) Shares Could Be 49% Below Their Intrinsic Value Estimate
Does the May share price for Angang Steel Company Limited ( HKG:347 ) reflect what it's really worth? Today, we will...
|347||HK Metals and Mining||HK Market|
Return vs Industry: 347 underperformed the Hong Kong Metals and Mining industry which returned -29.8% over the past year.
Return vs Market: 347 underperformed the Hong Kong Market which returned -20.6% over the past year.
|347 Average Weekly Movement||4.3%|
|Metals and Mining Industry Average Movement||6.0%|
|Market Average Movement||6.5%|
|10% most volatile stocks in HK Market||12.8%|
|10% least volatile stocks in HK Market||3.2%|
Stable Share Price: 347 is less volatile than 75% of Hong Kong stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: 347's weekly volatility (4%) has been stable over the past year.
About the Company
Angang Steel Company Limited engages in the production, processing, and sale of steel products in the People’s Republic of China. Its principal products include hot rolled sheets, medium and thick plates, cold rolled sheets, galvanized steel sheets, color coating plates, cold rolled silicon steel, heavy rails and sections, seamless steel pipes and wire rods, and other products. The company also engages in ferrous metal smelting and steel pressing and processing activities.
Angang Steel Fundamentals Summary
|347 fundamental statistics|
Is 347 overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|347 income statement (TTM)|
|Cost of Revenue||CN¥126.73b|
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
Aug 26, 2022
|Earnings per share (EPS)||0.74|
|Net Profit Margin||4.94%|
How did 347 perform over the long term?See historical performance and comparison
9.7%Current Dividend Yield
Is 347 undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 5/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for 347?
Other financial metrics that can be useful for relative valuation.
|What is 347's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does 347's PE Ratio compare to its peers?
|347 PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
323 Maanshan Iron & Steel
1053 Chongqing Iron & Steel
639 Shougang Fushan Resources Group
826 Tiangong International
347 Angang Steel
Price-To-Earnings vs Peers: 347 is good value based on its Price-To-Earnings Ratio (3.1x) compared to the peer average (5.9x).
Price to Earnings Ratio vs Industry
How does 347's PE Ratio compare vs other companies in the HK Metals and Mining Industry?
Price-To-Earnings vs Industry: 347 is good value based on its Price-To-Earnings Ratio (3.1x) compared to the Hong Kong Metals and Mining industry average (5.3x)
Price to Earnings Ratio vs Fair Ratio
What is 347'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.
|Current PE Ratio||3.1x|
|Fair PE Ratio||6.2x|
Price-To-Earnings vs Fair Ratio: 347 is good value based on its Price-To-Earnings Ratio (3.1x) compared to the estimated Fair Price-To-Earnings Ratio (6.2x).
Share Price vs Fair Value
What is the Fair Price of 347 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: 347 (HK$2.62) is trading below our estimate of fair value (HK$10.02)
Significantly Below Fair Value: 347 is trading below fair value by more than 20%.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.
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How is Angang Steel forecast to perform in the next 1 to 3 years based on estimates from 13 analysts?
Future Growth Score1/6
Future Growth Score 1/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 347's forecast earnings growth (2.6% per year) is above the savings rate (1.6%).
Earnings vs Market: 347's earnings (2.6% per year) are forecast to grow slower than the Hong Kong market (16.7% per year).
High Growth Earnings: 347's earnings are forecast to grow, but not significantly.
Revenue vs Market: 347's revenue is expected to decline over the next 3 years (-3.8% per year).
High Growth Revenue: 347's revenue is forecast to decline over the next 3 years (-3.8% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 347's Return on Equity is forecast to be low in 3 years time (9%).
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How has Angang Steel performed over the past 5 years?
Past Performance Score4/6
Past Performance Score 4/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 347 has high quality earnings.
Growing Profit Margin: 347's current net profit margins (4.9%) are higher than last year (2.8%).
Past Earnings Growth Analysis
Earnings Trend: 347's earnings have declined by 3.2% per year over the past 5 years.
Accelerating Growth: 347's earnings growth over the past year (116.8%) exceeds its 5-year average (-3.2% per year).
Earnings vs Industry: 347 earnings growth over the past year (116.8%) exceeded the Metals and Mining industry 44.6%.
Return on Equity
High ROE: 347's Return on Equity (11.3%) is considered low.
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How is Angang Steel's financial position?
Financial Health Score6/6
Financial Health Score 6/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: 347's short term assets (CN¥35.4B) exceed its short term liabilities (CN¥34.5B).
Long Term Liabilities: 347's short term assets (CN¥35.4B) exceed its long term liabilities (CN¥5.1B).
Debt to Equity History and Analysis
Debt Level: 347 has more cash than its total debt.
Reducing Debt: 347's debt to equity ratio has reduced from 54.4% to 9.9% over the past 5 years.
Debt Coverage: 347's debt is well covered by operating cash flow (211.7%).
Interest Coverage: 347's interest payments on its debt are well covered by EBIT (146.9x coverage).
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What is Angang Steel current dividend yield, its reliability and sustainability?
Dividend Score 4/6
Cash Flow Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 347's dividend (9.68%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.84%).
High Dividend: 347's dividend (9.68%) is in the top 25% of dividend payers in the Hong Kong market (8.33%)
Stability and Growth of Payments
Stable Dividend: 347 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 347's dividend payments have increased, but the company has only paid a dividend for 8 years.
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (30.1%), 347's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonably low cash payout ratio (25.1%), 347's dividend payments are well covered by cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Shishuai Xu (48 yo)
Mr. Shishuai Xu has been General Manager of Angang Steel Company Limited since November 19, 2021 and Executive Director since January 6, 2022. He served as Deputy General Manager and Vice President at Anga...
CEO Compensation Analysis
Compensation vs Market: Shishuai's total compensation ($USD13.26K) is below average for companies of similar size in the Hong Kong market ($USD502.62K).
Compensation vs Earnings: Shishuai's compensation has been consistent with company performance over the past year.
Experienced Management: 347's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.
Experienced Board: 347's board of directors are not considered experienced ( 1.6 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Angang Steel Company Limited's employee growth, exchange listings and data sources
- Name: Angang Steel Company Limited
- Ticker: 347
- Exchange: SEHK
- Founded: 1997
- Industry: Steel
- Sector: Materials
- Implied Market Cap: HK$31.211b
- Shares outstanding: 9.35b
- Website: https://www.ansteel.com.cn
Number of Employees
- Angang Steel Company Limited
- Angang factory
- Tie Xi District
- Liaoning Province
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/08/17 00:00|
|End of Day Share Price||2022/08/17 00:00|
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.