Snowflake Score | |
---|---|
Valuation | 5/6 |
Future Growth | 1/6 |
Past Performance | 4/6 |
Financial Health | 6/6 |
Dividends | 4/6 |
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 |
Beta | 1.52 |
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...
Shareholder Returns
347 | HK Metals and Mining | HK Market | |
---|---|---|---|
7D | 1.6% | 1.5% | 1.5% |
1Y | -50.8% | -30.1% | -20.8% |
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.
Price Volatility
347 volatility | |
---|---|
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
Founded | Employees | CEO | Website |
---|---|---|---|
1997 | 30,412 | Shishuai Xu | https://www.ansteel.com.cn |
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 | |
---|---|
Market Cap | HK$31.21b |
Earnings (TTM) | HK$7.98b |
Revenue (TTM) | HK$161.47b |
3.1x
P/E Ratio0.2x
P/S RatioIs 347 overvalued?
See Fair Value and valuation analysisEarnings & Revenue
347 income statement (TTM) | |
---|---|
Revenue | CN¥139.78b |
Cost of Revenue | CN¥126.73b |
Gross Profit | CN¥13.05b |
Other Expenses | CN¥6.14b |
Earnings | CN¥6.91b |
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
Aug 26, 2022
Earnings per share (EPS) | 0.74 |
Gross Margin | 9.34% |
Net Profit Margin | 4.94% |
Debt/Equity Ratio | 9.9% |
How did 347 perform over the long term?
See historical performance and comparisonDividends
9.7%
Current Dividend Yield30%
Payout RatioValuation
Is 347 undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
5/6Valuation 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
Analyst Forecast
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? | |
---|---|
n/a Ratio | 0x |
n/a | n/a |
Market Cap | CN¥27.02b |
Key Statistics | |
---|---|
Enterprise Value/Revenue | 0.2x |
Enterprise Value/EBITDA | 2.1x |
PEG Ratio | 1.2x |
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 |
---|---|---|---|
Peer Average | 5.9x | ||
323 Maanshan Iron & Steel | 2.8x | 5.6% | HK$25.3b |
1053 Chongqing Iron & Steel | 4.7x | n/a | HK$17.6b |
639 Shougang Fushan Resources Group | 5.5x | -10.6% | HK$13.8b |
826 Tiangong International | 10.5x | 15.1% | HK$8.1b |
347 Angang Steel | 3.1x | 2.6% | HK$31.2b |
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.
Fair Ratio | |
---|---|
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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Future Growth
How is Angang Steel forecast to perform in the next 1 to 3 years based on estimates from 13 analysts?
Future Growth Score
1/6Future Growth Score 1/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
2.6%
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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Past Performance
How has Angang Steel performed over the past 5 years?
Past Performance Score
4/6Past Performance Score 4/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
-3.2%
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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Financial Health
How is Angang Steel's financial position?
Financial Health Score
6/6Financial Health Score 6/6
Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage
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).
Balance Sheet
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Dividend
What is Angang Steel current dividend yield, its reliability and sustainability?
Dividend Score
4/6Dividend Score 4/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Cash Flow Coverage
9.68%
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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Management
How experienced are the management team and are they aligned to shareholders interests?
0.8yrs
Average management tenure
CEO
Shishuai Xu (48 yo)
0.75yr
Tenure
CN¥90,000
Compensation
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.
Leadership Team
Experienced Management: 347's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.
Board Members
Experienced Board: 347's board of directors are not considered experienced ( 1.6 years average tenure), which suggests a new board.
Ownership
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
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Angang Steel Company Limited's employee growth, exchange listings and data sources
Key Information
- 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
Location
- Angang Steel Company Limited
- Angang factory
- Tie Xi District
- Anshan
- Liaoning Province
- 114021
- China
Listings
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 |
Earnings | 2022/03/31 |
Annual Earnings | 2021/12/31 |
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.