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Angang Steel

SEHK:347
Snowflake Description

Undervalued with excellent balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
347
SEHK
HK$49B
Market Cap
  1. Home
  2. HK
  3. Materials
Company description

Angang Steel Company Limited engages in the production, processing, and sale of steel products in the People’s Republic of China. The last earnings update was 4 days ago. More info.


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347 Share Price and Events
7 Day Returns
0.8%
SEHK:347
1.5%
HK Metals and Mining
1.2%
HK Market
1 Year Returns
-15.1%
SEHK:347
-25%
HK Metals and Mining
-9%
HK Market
347 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Angang Steel (347) 0.8% 3.7% 11.9% -15.1% 75.6% 24.9%
HK Metals and Mining 1.5% 4% 16.4% -25% 34.7% 34.7%
HK Market 1.2% 3.5% 13.7% -9% 30.6% 20.9%
1 Year Return vs Industry and Market
  • 347 outperformed the Metals and Mining industry which returned -25% over the past year.
  • 347 underperformed the Market in Hong Kong which returned -9% over the past year.
Price Volatility
347
Industry
5yr Volatility vs Market

347 Value

 Is Angang Steel undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Angang Steel to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Angang Steel.

SEHK:347 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 18 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10%
Perpetual Growth Rate 10-Year HK Government Bond Rate 2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for SEHK:347
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year HK Govt Bond Rate 2%
Equity Risk Premium S&P Global 6%
Metals and Mining Unlevered Beta Simply Wall St/ S&P Global 1.12
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.122 (1 + (1- 25%) (47.13%))
1.348
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.35
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (1.348 * 5.96%)
10.04%

Discounted Cash Flow Calculation for SEHK:347 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Angang Steel is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

SEHK:347 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CNY, Millions) Source Present Value
Discounted (@ 10.04%)
2019 6,090.00 Analyst x4 5,534.57
2020 6,349.33 Analyst x6 5,243.99
2021 5,430.00 Analyst x1 4,075.68
2022 5,412.52 Est @ -0.32% 3,692.04
2023 5,432.84 Est @ 0.38% 3,367.91
2024 5,479.77 Est @ 0.86% 3,087.19
2025 5,545.83 Est @ 1.21% 2,839.45
2026 5,625.96 Est @ 1.44% 2,617.76
2027 5,716.66 Est @ 1.61% 2,417.37
2028 5,815.53 Est @ 1.73% 2,234.89
Present value of next 10 years cash flows CN¥35,110.85
SEHK:347 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= CN¥5,815.53 × (1 + 2%) ÷ (10.04% – 2%)
CN¥73,849.16
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CN¥73,849.16 ÷ (1 + 10.04%)10
CN¥28,380.03
SEHK:347 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CN¥35,110.85 + CN¥28,380.03
CN¥63,490.89
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥63,490.89 / 7,234.81
CN¥8.78
SEHK:347 Discount to Share Price
Calculation Result
Exchange Rate CNY/HKD
(Reporting currency to currency of SEHK:347)
1.172
Value per Share
(HKD)
= Value per Share in CNY x Exchange Rate (CNY/HKD)
= CN¥8.78 x 1.172
HK$10.29
Value per share (HKD) From above. HK$10.29
Current discount Discount to share price of HK$6.11
= -1 x (HK$6.11 - HK$10.29) / HK$10.29
40.6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Angang Steel is available for.
Intrinsic value
41%
Share price is HK$6.11 vs Future cash flow value of HK$10.29
Current Discount Checks
For Angang Steel to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Angang Steel's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Angang Steel's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Angang Steel's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Angang Steel's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:347 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CNY CN¥1.10
SEHK:347 Share Price ** SEHK (2019-03-22) in HKD HK$6.11
SEHK:347 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.853 CN¥5.21
Hong Kong Metals and Mining Industry PE Ratio Median Figure of 38 Publicly-Listed Metals and Mining Companies 8.49x
Hong Kong Market PE Ratio Median Figure of 1,494 Publicly-Listed Companies 10.81x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Angang Steel.

SEHK:347 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:347 Share Price ÷ EPS (both in CNY)

= 5.21 ÷ 1.10

4.74x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Angang Steel is good value based on earnings compared to the HK Metals and Mining industry average.
  • Angang Steel is good value based on earnings compared to the Hong Kong market.
Price based on expected Growth
Does Angang Steel's expected growth come at a high price?
Raw Data
SEHK:347 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 4.74x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 18 Analysts
-13.2%per year
Hong Kong Metals and Mining Industry PEG Ratio Median Figure of 15 Publicly-Listed Metals and Mining Companies 0.75x
Hong Kong Market PEG Ratio Median Figure of 470 Publicly-Listed Companies 0.81x

*Line of best fit is calculated by linear regression .

SEHK:347 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 4.74x ÷ -13.2%

-0.36x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Angang Steel earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Angang Steel's assets?
Raw Data
SEHK:347 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CNY CN¥7.18
SEHK:347 Share Price * SEHK (2019-03-22) in HKD HK$6.11
SEHK:347 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.853 CN¥5.21
Hong Kong Metals and Mining Industry PB Ratio Median Figure of 65 Publicly-Listed Metals and Mining Companies 0.84x
Hong Kong Market PB Ratio Median Figure of 2,138 Publicly-Listed Companies 0.99x
SEHK:347 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:347 Share Price ÷ Book Value per Share (both in CNY)

= 5.21 ÷ 7.18

0.73x

* Primary Listing of Angang Steel.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Angang Steel is good value based on assets compared to the HK Metals and Mining industry average.
X
Value checks
We assess Angang Steel's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Metals and Mining industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Metals and Mining industry average (and greater than 0)? (1 check)
  5. Angang Steel has a total score of 5/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

347 Future Performance

 How is Angang Steel expected to perform in the next 1 to 3 years based on estimates from 18 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-13.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Angang Steel expected to grow at an attractive rate?
  • Angang Steel's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2%.
Growth vs Market Checks
  • Angang Steel's earnings are expected to decrease over the next 1-3 years, this is below the Hong Kong market average.
  • Angang Steel's revenues are expected to decrease over the next 1-3 years, this is below the Hong Kong market average.
Annual Growth Rates Comparison
Raw Data
SEHK:347 Future Growth Rates Data Sources
Data Point Source Value (per year)
SEHK:347 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 18 Analysts -13.2%
SEHK:347 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 18 Analysts -1.6%
Hong Kong Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 9.2%
Hong Kong Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 3.3%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average 11.7%
Hong Kong Market Revenue Growth Rate Market Cap Weighted Average 10%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
SEHK:347 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 18 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SEHK:347 Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 104,111 9,421 5,753 6
2020-12-31 98,097 9,931 5,713 18
2019-12-31 100,420 10,330 5,225 16
SEHK:347 Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2018-12-31 105,157 8,294 7,952
2018-09-30 96,375 10,600 8,667
2018-06-30 92,668 7,564 7,968
2018-03-31 86,452 5,173 6,126
2018-01-01 91,683 6,478 6,638
2017-09-30 82,591 4,418 4,432
2017-06-30 74,956 3,521 3,393
2017-03-31 65,979 6,171 3,300
2016-12-31 57,882 4,349 1,616
2016-09-30 52,235 3,363 -2,728
2016-06-30 49,197 4,885 -4,448
2016-03-31 49,072 2,819 -5,227

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Angang Steel's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Angang Steel's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
SEHK:347 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 18 Analyst Estimates (S&P Global) See Below

All data from Angang Steel Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:347 Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.79 0.89 0.72 4.00
2020-12-31 0.70 0.92 0.48 11.00
2019-12-31 0.66 0.78 0.50 10.00
SEHK:347 Past Financials Data
Date (Data in CNY Millions) EPS *
2018-12-31 1.10
2018-09-30 1.20
2018-06-30 1.10
2018-03-31 0.85
2018-01-01 0.92
2017-09-30 0.61
2017-06-30 0.47
2017-03-31 0.46
2016-12-31 0.22
2016-09-30 -0.38
2016-06-30 -0.62
2016-03-31 -0.70

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Angang Steel is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Angang Steel's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Hong Kong market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Hong Kong market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Angang Steel has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

347 Past Performance

  How has Angang Steel performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Angang Steel's growth in the last year to its industry (Metals and Mining).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Angang Steel has delivered over 20% year on year earnings growth in the past 5 years.
  • Angang Steel's 1-year earnings growth is less than its 5-year average (20.2% vs 49.7%)
  • Angang Steel's earnings growth has not exceeded the HK Metals and Mining industry average in the past year (20.2% vs 39%).
Earnings and Revenue History
Angang Steel's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Angang Steel Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:347 Past Revenue, Cash Flow and Net Income Data
Date (Data in CNY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 105,157.00 7,952.00 4,234.00 483.00
2018-09-30 96,375.00 8,667.00 4,378.00 151.00
2018-06-30 92,668.00 7,968.00 4,278.00 74.00
2018-03-31 86,452.00 6,126.00 4,137.00
2018-01-01 91,683.00 6,638.00 4,138.00 326.00
2017-09-30 82,591.00 4,432.00 3,293.00 114.00
2017-06-30 74,956.00 3,393.00 3,490.00 71.00
2017-03-31 65,979.00 3,300.00 3,133.00
2016-12-31 57,882.00 1,616.00 3,016.00
2016-09-30 52,235.00 -2,728.00 3,100.00
2016-06-30 49,197.00 -4,448.00 3,217.00
2016-03-31 49,072.00 -5,227.00 3,390.00
2015-12-31 52,759.00 -4,593.00 3,614.00
2015-09-30 58,423.00 -883.00 3,699.00
2015-06-30 64,861.00 506.00 3,757.00
2015-03-31 70,608.00 661.00 3,729.00
2014-12-31 74,046.00 928.00 3,542.00
2014-09-30 76,355.00 928.00 2,162.00
2014-06-30 76,584.00 645.00 3,170.00
2014-03-31 74,560.00 516.00 2,669.00
2013-12-31 75,329.00 770.00 3,067.00
2013-09-30 75,998.00 -90.00 3,222.00
2013-06-30 75,758.00 -1,347.00 2,920.00
2013-03-31 78,492.00 -1,597.00 2,895.00
2012-12-31 78,214.00 -4,025.00 2,676.00
2012-09-30 79,083.00 -5,555.00 2,686.00
2012-06-30 83,467.00 -4,342.00 2,758.00
2012-03-31 86,718.00 -4,105.00 2,743.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Angang Steel has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Angang Steel used its assets more efficiently than the HK Metals and Mining industry average last year based on Return on Assets.
  • Angang Steel has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess Angang Steel's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Metals and Mining industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Angang Steel has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

347 Health

 How is Angang Steel's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Angang Steel's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Angang Steel's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Angang Steel's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Angang Steel's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Angang Steel Company Filings, last reported 2 months ago.

SEHK:347 Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 52,465.00 19,778.00 2,154.00
2018-09-30 51,304.00 19,235.00 2,342.00
2018-06-30 52,082.00 23,869.00 4,035.00
2018-03-31 51,983.00 22,550.00 2,265.00
2018-01-01 52,580.00 22,694.00 2,670.00
2017-09-30 48,128.00 23,118.00 1,915.00
2017-06-30 46,649.00 25,530.00 2,123.00
2017-03-31 46,376.00 25,212.00 2,196.00
2016-12-31 45,288.00 24,396.00 1,989.00
2016-09-30 44,649.00 26,107.00 3,017.00
2016-06-30 43,984.00 26,833.00 2,434.00
2016-03-31 43,067.00 29,342.00 2,451.00
2015-12-31 43,681.00 28,868.00 3,623.00
2015-09-30 47,384.00 33,834.00 9,603.00
2015-06-30 48,433.00 28,843.00 2,194.00
2015-03-31 48,633.00 27,145.00 1,745.00
2014-12-31 48,196.00 27,727.00 1,718.00
2014-09-30 48,201.00 27,597.00 3,629.00
2014-06-30 47,491.00 24,561.00 1,214.00
2014-03-31 47,382.00 24,668.00 2,511.00
2013-12-31 47,090.00 23,527.00 1,132.00
2013-09-30 47,132.00 21,181.00 951.00
2013-06-30 47,070.00 21,974.00 1,893.00
2013-03-31 46,900.00 20,435.00 1,622.00
2012-12-31 49,033.00 36,995.00 3,123.00
2012-09-30 49,292.00 35,977.00 1,937.00
2012-06-30 50,546.00 35,048.00 2,596.00
2012-03-31 50,577.00 28,780.00 2,342.00
  • Angang Steel's level of debt (37.7%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (50% vs 37.7% today).
  • Debt is well covered by operating cash flow (41.9%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 10.4x coverage).
X
Financial health checks
We assess Angang Steel's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Angang Steel has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

347 Dividends

 What is Angang Steel's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
4.22%
Current annual income from Angang Steel dividends. Estimated to be 3.79% next year.
If you bought HK$2,000 of Angang Steel shares you are expected to receive HK$84 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Angang Steel's pays a higher dividend yield than the bottom 25% of dividend payers in Hong Kong (1.99%).
  • Angang Steel's dividend is below the markets top 25% of dividend payers in Hong Kong (5.32%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
SEHK:347 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 18 Analyst Estimates (S&P Global) See Below
Hong Kong Metals and Mining Industry Average Dividend Yield Market Cap Weighted Average of 21 Stocks 3.6%
Hong Kong Market Average Dividend Yield Market Cap Weighted Average of 922 Stocks 3.4%
Hong Kong Minimum Threshold Dividend Yield 10th Percentile 1.1%
Hong Kong Bottom 25% Dividend Yield 25th Percentile 2%
Hong Kong Top 25% Dividend Yield 75th Percentile 5.3%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

SEHK:347 Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.18 4.00
2020-12-31 0.20 11.00
2019-12-31 0.20 12.00
SEHK:347 Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2019-03-19 0.220 4.138
2018-06-05 0.232 4.064
2017-06-08 0.067 1.126
2016-10-26 0.000 0.000
2016-08-29 0.000 0.000
2016-04-29 0.000 0.000
2016-03-31 0.000 0.000
2016-03-30 0.000 0.000
2015-06-04 0.045 1.518
2014-03-28 0.027 0.616
2012-10-24 0.000 0.000
2012-10-15 0.000 0.000
2012-09-10 0.000 0.000
2012-08-27 0.000 0.000
2012-04-25 0.000 0.000
2012-04-12 0.000 0.000
2012-03-28 0.000 0.000
2011-03-30 0.150 2.936
2010-04-29 0.060 0.613
2010-04-20 0.060 0.539
2009-04-15 0.210 1.686
2009-03-23 0.550 7.190

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of Angang Steel's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (5x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.9x coverage).
X
Income/ dividend checks
We assess Angang Steel's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Angang Steel afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Angang Steel has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

347 Management

 What is the CEO of Angang Steel's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Yidong Wang
COMPENSATION CN¥370,000
AGE 50
TENURE AS CEO 5.7 years
CEO Bio

Mr. Yidong Wang has been the Chairman of Angang Steel Company Limited since November 23, 2017 and its Executive Director since July 08, 2013. Mr. Wang served as General Manager of Angang Steel Company Limited from July 8, 2013 to November 23, 2017 and served as its Deputy General Manager since June 20, 2012 and served as its Senior Engineer. Mr. Wang served as Manager and Senior Mechanical Engineer at Baiyuquan Steel Branch Company. Mr. Wang joined Angang Steel Company in 1991 and has taken various positions, including Director of the cold rolling factory, Director of manufacturing management and control centre of Baiyuquan Steel Branch Company), Head of cold rolling department Baiyuquan Steel Branch Company, a Deputy Manager of Baiyuquan Steel Branch Company, a Deputy Head of manufacturing department and Manager of Baiyuquan Steel Branch Company. He earned a master's degree from the University of Science and Technology Beijing in March 2005.

CEO Compensation
  • Yidong's compensation has been consistent with company performance over the past year.
  • Yidong's remuneration is lower than average for companies of similar size in Hong Kong.
Management Team Tenure

Average tenure and age of the Angang Steel management team in years:

3.2
Average Tenure
49
Average Age
  • The tenure for the Angang Steel management team is about average.
Management Team

Yidong Wang

TITLE
Executive Chairman
COMPENSATION
CN¥370K
AGE
50
TENURE
5.7 yrs

Lianyong Ma

TITLE
Deputy GM
AGE
56
TENURE
17 yrs

Shishuai Xu

TITLE
Deputy General Manager
COMPENSATION
CN¥660K
AGE
44
TENURE
3 yrs

Jinsong Meng

TITLE
Deputy General Manager
COMPENSATION
CN¥240K
AGE
48
TENURE
3 yrs

Chengwei Che

TITLE
Controller

Seaman Kwok

TITLE
Joint Company Secretary
COMPENSATION
CN¥7K
AGE
59
TENURE
3.3 yrs

Chun Chen

TITLE
Joint Company Secretary
AGE
30
TENURE
1.4 yrs

Zhen Li

TITLE
Deputy GM & Executive Director
AGE
48

Junyong Xie

TITLE
Deputy GM & Executive Director
AGE
53
Board of Directors Tenure

Average tenure and age of the Angang Steel board of directors in years:

1
Average Tenure
51.5
Average Age
  • The average tenure for the Angang Steel board of directors is less than 3 years, this suggests a new board.
Board of Directors

Lianyong Ma

TITLE
Deputy GM
AGE
56
TENURE
1 yrs

Zhen Li

TITLE
Deputy GM & Executive Director
AGE
48
TENURE
1 yrs

Junyong Xie

TITLE
Deputy GM & Executive Director
AGE
53
TENURE
1 yrs

Daqing Lin

TITLE
Chairman of Supervisory Committee
COMPENSATION
CN¥60K
AGE
53
TENURE
3.6 yrs

Yidong Wang

TITLE
Executive Chairman
COMPENSATION
CN¥370K
AGE
50
TENURE
1.3 yrs

Dajun Wu

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥70K
AGE
61

Weiguo Ma

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥70K
AGE
48

Changli Feng

TITLE
Independent Non-Executive Director
AGE
55
TENURE
0.8 yrs

Xiaohui Liu

TITLE
Supervisor
AGE
49

Peng Yuan

TITLE
Supervisor
AGE
50
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (HK$) Value (HK$)
21. Mar 19 Buy J.P. Morgan Asset Management, Inc. Company 18. Mar 19 18. Mar 19 4,047,026 HK$6.26 HK$25,334,373
18. Mar 19 Sell Highbridge Capital Management, LLC Company 13. Mar 19 13. Mar 19 -2,286,874 HK$6.23 HK$-14,242,421
04. Mar 19 Buy Rwc Asset Advisors US Llc Company 28. Feb 19 28. Feb 19 2,826,000 HK$5.84 HK$16,503,850
20. Feb 19 Buy JPMorgan Chase & Co, Brokerage and Securities Investments Company 15. Feb 19 15. Feb 19 23,253 HK$5.72 HK$133,082
20. Feb 19 Sell JPMorgan Chase & Co, Private Banking and Investment Banking Investments Company 15. Feb 19 15. Feb 19 -5,232,813 HK$5.72 HK$-29,948,452
20. Feb 19 Sell Highbridge Capital Management, LLC Company 15. Feb 19 15. Feb 19 -154,000 HK$5.72 HK$-881,373
20. Feb 19 Buy J.P. Morgan Asset Management, Inc. Company 15. Feb 19 15. Feb 19 4,000 HK$5.72 HK$22,893
18. Feb 19 Buy JPMorgan Chase & Co, Private Banking and Investment Banking Investments Company 13. Feb 19 13. Feb 19 8,605,780 HK$5.74 HK$49,396,303
14. Dec 18 Sell Rwc Asset Advisors US Llc Company 13. Dec 18 13. Dec 18 -4,314,000 HK$5.88 HK$-25,357,686
15. Feb 19 Buy BlackRock, Inc. Company 13. Feb 19 13. Feb 19 3,066,000 HK$5.76 HK$17,675,484
22. Jan 19 Sell JPMorgan Chase & Co, Brokerage and Securities Investments Company 17. Jan 19 17. Jan 19 -826,364 HK$5.59 HK$-4,622,021
22. Jan 19 Buy JPMorgan Chase & Co, Private Banking and Investment Banking Investments Company 17. Jan 19 17. Jan 19 44,200 HK$5.59 HK$247,220
22. Jan 19 Buy J.P. Morgan Asset Management, Inc. Company 17. Jan 19 17. Jan 19 4,000 HK$5.59 HK$22,373
18. Jan 19 Buy BlackRock, Inc. Company 15. Jan 19 15. Jan 19 3,412,000 HK$5.52 HK$18,831,175
15. Jan 19 Buy JPMorgan Chase & Co, Private Banking and Investment Banking Investments Company 10. Jan 19 10. Jan 19 8,682,511 HK$5.42 HK$47,063,577
11. Jan 19 Sell J.P. Morgan Asset Management, Inc. Company 08. Jan 19 08. Jan 19 -3,461,629 HK$5.34 HK$-18,495,824
08. Jan 19 Buy Highbridge Capital Management, LLC Company 03. Jan 19 03. Jan 19 3,905,796 HK$5.19 HK$20,264,440
26. Dec 18 Sell J.P. Morgan Asset Management, Inc. Company 21. Dec 18 21. Dec 18 -4,079,913 HK$5.44 HK$-22,186,149
21. Dec 18 Buy JPMorgan Chase & Co, Brokerage and Securities Investments Company 19. Dec 18 19. Dec 18 172,000 HK$5.51 HK$947,445
21. Dec 18 Sell JPMorgan Chase & Co, Private Banking and Investment Banking Investments Company 19. Dec 18 19. Dec 18 -1,166,000 HK$5.51 HK$-6,422,798
21. Dec 18 Buy JPMorgan Chase & Co, Private Banking and Investment Banking Investments Company 19. Dec 18 19. Dec 18 1,212,000 HK$5.51 HK$6,676,185
21. Dec 18 Buy Highbridge Capital Management, LLC Company 19. Dec 18 19. Dec 18 757,593 HK$5.51 HK$4,173,128
21. Dec 18 Sell Highbridge Capital Management, LLC Company 18. Dec 18 18. Dec 18 -1,317,012 HK$5.70 HK$-7,508,019
10. Dec 18 Sell JPMorgan Chase & Co, Brokerage and Securities Investments Company 05. Dec 18 05. Dec 18 -8,104,174 HK$6.46 HK$-52,363,471
10. Dec 18 Sell JPMorgan Chase & Co, Private Banking and Investment Banking Investments Company 05. Dec 18 05. Dec 18 -3,179,071 HK$6.46 HK$-20,540,920
10. Dec 18 Buy JPMorgan Chase & Co, Private Banking and Investment Banking Investments Company 05. Dec 18 05. Dec 18 2,800,000 HK$6.46 HK$18,091,630
10. Dec 18 Buy Highbridge Capital Management, LLC Company 05. Dec 18 05. Dec 18 5,450,174 HK$6.46 HK$35,215,190
07. Dec 18 Sell Goldman Sachs Group, Investment Banking and Securities Investments Company 04. Dec 18 04. Dec 18 -1,368,000 HK$6.59 HK$-9,013,067
04. Dec 18 Sell UBS Asset Management Company 20. Nov 18 20. Nov 18 -1,000,000 HK$6.51 HK$-6,513,699
04. Dec 18 Sell UBS Asset Management Company 15. Oct 18 15. Oct 18 -7,750,000 HK$6.36 HK$-49,265,990
05. Dec 18 Buy BlackRock, Inc. Company 30. Nov 18 30. Nov 18 1,178,000 HK$6.37 HK$7,503,505
04. Dec 18 Sell BlackRock, Inc. Company 29. Nov 18 29. Nov 18 -1,352,518 HK$6.12 HK$-8,272,273
28. Nov 18 Sell JPMorgan Chase & Co, Private Banking and Investment Banking Investments Company 23. Nov 18 23. Nov 18 -7,454,467 HK$6.32 HK$-47,140,575
20. Nov 18 Sell JPMorgan Chase & Co, Brokerage and Securities Investments Company 15. Nov 18 15. Nov 18 -4,633,013 HK$6.66 HK$-30,835,499
13. Nov 18 Buy JPMorgan Chase & Co, Brokerage and Securities Investments Company 08. Nov 18 08. Nov 18 5,244,579 HK$6.79 HK$35,620,666
13. Nov 18 Buy J.P. Morgan Asset Management, Inc. Company 08. Nov 18 08. Nov 18 2,000 HK$6.79 HK$13,584
12. Nov 18 Buy JPMorgan Chase & Co, Brokerage and Securities Investments Company 07. Nov 18 07. Nov 18 7,568,633 HK$6.75 HK$51,082,239
09. Nov 18 Sell UBS Asset Management Company 06. Nov 18 06. Nov 18 -1,658,000 HK$6.89 HK$-11,419,147
07. Nov 18 Sell JPMorgan Chase & Co, Brokerage and Securities Investments Company 02. Nov 18 02. Nov 18 -10,681,700 HK$6.82 HK$-72,848,165
26. Oct 18 Buy Goldman Sachs Group, Investment Banking and Securities Investments Company 23. Oct 18 23. Oct 18 1,246,000 HK$6.61 HK$8,236,436
19. Oct 18 Sell JPMorgan Chase & Co, Brokerage and Securities Investments Company 15. Oct 18 15. Oct 18 -2,979,997 HK$6.72 HK$-20,015,746
15. Oct 18 Sell JPMorgan Chase & Co, Brokerage and Securities Investments Company 10. Oct 18 10. Oct 18 -16,032,653 HK$6.48 HK$-103,958,987
08. Oct 18 Buy JPMorgan Chase & Co, Brokerage and Securities Investments Company 03. Oct 18 03. Oct 18 5,910,181 HK$6.76 HK$39,975,870
08. Oct 18 Buy Highbridge Capital Management, LLC Company 03. Oct 18 03. Oct 18 34,000 HK$6.76 HK$229,973
11. Oct 18 Buy JPMorgan Chase & Co, Brokerage and Securities Investments Company 08. Oct 18 08. Oct 18 16,722,061 HK$6.47 HK$108,215,154
05. Oct 18 Sell JPMorgan Chase & Co, Brokerage and Securities Investments Company 02. Oct 18 02. Oct 18 -5,174,659 HK$6.75 HK$-34,931,547
05. Oct 18 Sell UBS Asset Management Company 02. Oct 18 02. Oct 18 -5,150,000 HK$7.26 HK$-37,377,151
05. Oct 18 Buy J.P. Morgan Asset Management, Inc. Company 02. Oct 18 02. Oct 18 538,000 HK$6.75 HK$3,631,770
05. Oct 18 Sell Invesco Ltd. Company 03. Oct 18 03. Oct 18 -6,204,000 HK$6.74 HK$-41,838,528
01. Oct 18 Sell RWC Partners Limited Company 28. Sep 18 28. Sep 18 -5,178,000 HK$6.99 HK$-36,194,214
27. Sep 18 Sell RWC Partners Limited Company 26. Sep 18 26. Sep 18 -5,086,000 HK$7.29 HK$-37,076,942
25. Sep 18 Sell RWC Partners Limited Company 21. Sep 18 21. Sep 18 -1,627,663 HK$7.38 HK$-12,012,155
22. Sep 18 Sell RWC Partners Limited Company 20. Sep 18 20. Sep 18 -3,000,000 HK$7.36 HK$-22,079,989
19. Sep 18 Sell JPMorgan Chase & Co, Brokerage and Securities Investments Company 14. Sep 18 14. Sep 18 -8,391,008 HK$6.89 HK$-57,780,511
14. Sep 18 Sell Invesco Ltd. Company 11. Sep 18 11. Sep 18 -2,050,000 HK$6.63 HK$-13,582,274
10. Sep 18 Buy JPMorgan Chase & Co, Brokerage and Securities Investments Company 05. Sep 18 05. Sep 18 6,173,397 HK$7.47 HK$46,091,792
11. Sep 18 Sell JPMorgan Chase & Co, Brokerage and Securities Investments Company 06. Sep 18 06. Sep 18 -2,749,725 HK$7.42 HK$-20,411,753
04. Sep 18 Sell JPMorgan Chase & Co, Brokerage and Securities Investments Company 30. Aug 18 30. Aug 18 -8,510,480 HK$7.77 HK$-66,139,170
03. Sep 18 Buy JPMorgan Chase & Co, Brokerage and Securities Investments Company 29. Aug 18 29. Aug 18 13,046,298 HK$7.72 HK$100,665,219
31. Aug 18 Buy JPMorgan Chase & Co, Brokerage and Securities Investments Company 28. Aug 18 28. Aug 18 1,364,467 HK$7.74 HK$10,564,384
31. Aug 18 Buy BlackRock, Inc. Company 28. Aug 18 28. Aug 18 160,000 HK$7.70 HK$1,231,424
29. Aug 18 Sell Invesco Ltd. Company 27. Aug 18 27. Aug 18 -2,454,000 HK$7.46 HK$-18,317,885
23. Aug 18 Buy JPMorgan Chase & Co, Brokerage and Securities Investments Company 20. Aug 18 20. Aug 18 2,608,052 HK$7.58 HK$19,759,636
27. Aug 18 Sell JPMorgan Chase & Co, Brokerage and Securities Investments Company 22. Aug 18 22. Aug 18 -1,467,940 HK$7.73 HK$-11,350,844
16. Aug 18 Sell JPMorgan Chase & Co, Brokerage and Securities Investments Company 13. Aug 18 13. Aug 18 -7,056,603 HK$7.60 HK$-53,636,549
14. Aug 18 Buy JPMorgan Chase & Co, Brokerage and Securities Investments Company 09. Aug 18 09. Aug 18 5,169,029 HK$8.00 HK$41,362,569
14. Aug 18 Sell Highbridge Capital Management, LLC Company 09. Aug 18 09. Aug 18 -4,000 HK$8.00 HK$-32,008
14. Aug 18 Sell J.P. Morgan Asset Management, Inc. Company 09. Aug 18 09. Aug 18 -2,000 HK$8.00 HK$-16,004
03. Aug 18 Buy RWC Partners Limited Company 29. Jun 18 29. Jun 18 3,146,000 HK$7.05 HK$22,179,294
07. Aug 18 Sell JPMorgan Chase & Co, Brokerage and Securities Investments Company 02. Aug 18 02. Aug 18 -2,340,804 HK$7.71 HK$-18,055,327
07. Aug 18 Sell Invesco Ltd. Company 02. Aug 18 02. Aug 18 -4,548,000 HK$7.72 HK$-35,109,192
06. Aug 18 Buy JPMorgan Chase & Co, Brokerage and Securities Investments Company 01. Aug 18 01. Aug 18 16,857,683 HK$7.99 HK$134,716,519
02. Aug 18 Buy JPMorgan Chase & Co, Brokerage and Securities Investments Company 30. Jul 18 30. Jul 18 4,865,787 HK$8.18 HK$39,783,636
02. Aug 18 Sell Highbridge Capital Management, LLC Company 30. Jul 18 30. Jul 18 -198,000 HK$8.18 HK$-1,618,887
30. Jul 18 Buy JPMorgan Chase & Co, Brokerage and Securities Investments Company 25. Jul 18 25. Jul 18 9,023,618 HK$8.08 HK$72,910,799
01. Aug 18 Buy JPMorgan Chase & Co, Private Banking and Investment Banking Investments Company 27. Jul 18 27. Jul 18 826,000 HK$8.16 HK$6,742,389
01. Aug 18 Buy RWC Partners Limited Company 31. Jul 18 31. Jul 18 3,970,000 HK$8.29 HK$32,911,298
01. Aug 18 Sell JPMorgan Chase & Co, Brokerage and Securities Investments Company 27. Jul 18 27. Jul 18 -4,930,052 HK$8.16 HK$-40,242,529
01. Aug 18 Buy JPMorgan Chase & Co, Brokerage and Securities Investments Company 27. Jul 18 27. Jul 18 1,956,522 HK$8.16 HK$15,970,500
01. Aug 18 Sell JPMorgan Chase & Co, Private Banking and Investment Banking Investments Company 27. Jul 18 27. Jul 18 -826,000 HK$8.16 HK$-6,742,389
01. Aug 18 Buy Highbridge Capital Management, LLC Company 27. Jul 18 27. Jul 18 198,000 HK$8.16 HK$1,616,214
31. Jul 18 Buy JPMorgan Chase & Co, Brokerage and Securities Investments Company 26. Jul 18 26. Jul 18 2,656,855 HK$7.97 HK$21,172,743
27. Jul 18 Sell JPMorgan Chase & Co, Brokerage and Securities Investments Company 24. Jul 18 24. Jul 18 -1,170,266 HK$7.95 HK$-9,303,968
05. Jul 18 Sell UBS Asset Management Company 29. Jun 18 29. Jun 18 -2,824,000 HK$7.18 HK$-20,278,569
05. Jun 18 Buy Morgan Stanley, Investment Banking and Brokerage Investments Company 31. May 18 31. May 18 5,603,515 HK$7.74 HK$43,394,736
07. Jun 18 Sell Morgan Stanley, Investment Banking and Brokerage Investments Company 04. Jun 18 04. Jun 18 -28,146,182 HK$7.79 HK$-219,281,287
07. Jun 18 Sell UBS Asset Management Company 04. Jun 18 04. Jun 18 -9,597,315 HK$7.76 HK$-74,430,042
05. Jun 18 Buy BlackRock, Inc. Company 31. May 18 31. May 18 33,118,615 HK$7.78 HK$257,596,601
01. Jun 18 Buy RWC Partners Limited Company 31. May 18 31. May 18 5,158,000 HK$7.78 HK$40,129,244
16. May 18 Buy UBS Asset Management Company 11. May 18 11. May 18 4,036,000 HK$8.00 HK$32,291,626
17. May 18 Buy Invesco Ltd. Company 14. May 18 14. May 18 864,000 HK$8.07 HK$6,975,675
25. Apr 18 Buy JPMorgan Chase & Co, Brokerage and Securities Investments Company 20. Apr 18 20. Apr 18 4,068,614 HK$7.99 HK$32,520,430
27. Apr 18 Buy RWC Partners Limited Company 26. Apr 18 26. Apr 18 836,000 HK$8.15 HK$6,813,399
03. Apr 18 Sell JPMorgan Chase & Co, Brokerage and Securities Investments Company 27. Mar 18 27. Mar 18 -12,394,720 HK$7.48 HK$-92,675,313
X
Management checks
We assess Angang Steel's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Angang Steel has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

347 News

Simply Wall St News

Looking At Angang Steel Company Limited (HKG:347) From All Angles

Angang Steel Company Limited (HKG:347) is a stock with outstanding fundamental characteristics. … When we build an investment case, we need to look at the stock with a holistic perspective. … company with a

Simply Wall St -

Who Owns Most Of Angang Steel Company Limited (HKG:347)?

In this article, I will take a quick look at Angang Steel Company Limited’s (HKG:347) recent ownership structure – an unconventional investing subject, but an important one. … Ownership structure of a company has been found to affect share performance over time. … The effect of an active institutional investor with a similar ownership as a passive pension-fund can be vastly different on a company's corporate governance and accountability to shareholders.

Simply Wall St -

Is Angang Steel Company Limited (HKG:347) A Financially Sound Company?

Small-caps and large-caps are wildly popular among investors, however, mid-cap stocks, such as Angang Steel Company Limited (HKG:347), with a market capitalization of CN¥52.49b, rarely draw their attention from the investing community. … Don’t forget that this is a general and concentrated examination of Angang Steel’s financial health, so you should conduct further analysis. … Check out our latest analysis for Angang Steel

Simply Wall St -

Is Angang Steel Company Limited (HKG:347) A Smart Choice For Dividend Investors?

In the past 10 years Angang Steel Company Limited (HKG:347) has returned an average of 1.00% per year to investors in the form of dividend payouts. … Does Angang Steel tick all the boxes of a great dividend stock? … View out our latest analysis for Angang Steel

Simply Wall St -

Does Angang Steel Company Limited's (HKG:347) PE Ratio Signal A Selling Opportunity?

In this article, I am going to take you through some key things to consider in order to identify which multiple is the most relevant for. … Let's take a look below.

Simply Wall St -

Angang Steel Company Limited (HKG:347): Strong Health, Poor Growth

When revenues are declining and earnings growth are lagging the industry, risk exists around the sustainability of its current operations. … Even with an expected negative FCF growth rate of -3.66% (source: analyst consensus), the target price for 347 of CN¥17.18 is still higher than the current share price. … Also, comparing 347's current share price to its peers based on its industry and earnings level, it's undervalued by 71.66%, with a PE ratio of 7.56x vs.

Simply Wall St -

How Confident Are Insiders About Angang Steel Company Limited (HKG:347)?

Angang Steel is one of China’s large-cap stocks that saw some insider buying over the past three months, with insiders investing in more than 42 million shares during this period. … Within the past three months, Angang Steel’s share price traded at a high of HK$9.3 and a low of HK$6.85. … Next Steps: Angang Steel’s insider meaningful buying activity tells us the shares are currently in favour, coherent with the sizeable growth in expected earnings, on top of a reasonable share price movement around the same time.

Simply Wall St -

Calculating The Intrinsic Value Of Angang Steel Company Limited (HKG:347)

Today, I will calculate the stock's intrinsic value by taking the expected future cash flows and discounting them to today's value. … 5-year cash flow forecast 2018 2019 2020 2021 2022 Levered FCF (CN¥, Millions) CN¥6,799.56 CN¥7,514.84 CN¥7,060.20 CN¥6,633.06 CN¥6,231.76 Source Analyst x5 Analyst x4 Extrapolated @ (-6.05%) Extrapolated @ (-6.05%) Extrapolated @ (-6.05%) Present Value Discounted @ 11.47% CN¥6,100.14 CN¥6,048.36 CN¥5,097.92 CN¥4,296.84 CN¥3,621.64 Present Value of 5-year Cash Flow (PVCF)= CN¥25,165 After calculating the present value of future cash flows in the intial 5-year period we need to calculate the Terminal Value, which accounts for all the future cash flows beyond the first stage. … Terminal Value (TV) = FCF2022 × (1 + g) ÷ (r – g) = CN¥6,232 × (1 + 1.9%) ÷ (11.5% – 1.9%) = CN¥66,233 Present Value of Terminal Value (PVTV) = TV / (1 + r)5 = CN¥66,233 / ( 1 + 11.5%)5 = CN¥38,492 The total value is the sum of cash flows for the next five years and the discounted terminal value, which results in the Total Equity Value, which in this case is HK$63,657.

Simply Wall St -

Does Angang Steel Company Limited's (HKG:347) PE Ratio Warrant A Buy?

It compares a stock’s price per share to the stock’s earnings per share. … Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for 347 Price per share = CN¥6.75 Earnings per share = CN¥0.542 ∴ Price-Earnings Ratio = CN¥6.75 ÷ CN¥0.542 = 12.5x The P/E ratio isn’t a metric you view in isolation and only becomes useful when you compare it against other similar companies. … 347’s P/E of 12.5x is lower than its industry peers (12.9x), which implies that each dollar of 347’s earnings is being undervalued by investors.

Simply Wall St -

What Investors Should Know About Angang Steel Company Limited's (HKG:347) Financial Strength

SEHK:347 Historical Debt Dec 20th 17 While ideally the debt-to equity ratio of a financially healthy company should be less than 40%, several factors such as industry life-cycle and economic conditions can result in a company raising a significant amount of debt. … No matter how high the company’s debt, if it can easily cover the interest payments, it’s considered to be efficient with its use of excess leverage. … To assess this, I compare 347's cash and other liquid assets against its upcoming debt.

Simply Wall St -

347 Company Info

Description

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, cold rolled sheets, galvanized steel sheets, color coating plates, medium and thick plates, heavy sections, heavy rails, wire rods, seamless steel pipes, and cold rolled silicon steel products. The company also engages in ferrous metal smelting and steel pressing activities. In addition, it sells building materials, etc.; provides wholesale and retail purchasing services; develops metallurgy and related materials and equipment; and purchases and sells metal and other materials, as well as imports, exports, wholesales, and retails technology products. The company’s products are used in various industries, such as machinery, metallurgy, petroleum, chemical, coal, power, railway, shipbuilding, automobile, construction, home electrical appliances, and aviation. Angang Steel Company Limited also exports its products. The company was formerly known as Angang New Steel Company Limited and changed its name to Angang Steel Company Limited in June 2006. The company was founded in 1997 and is headquartered in Anshan, the People’s Republic of China. Angang Steel Company Limited is a subsidiary of Ansteel Group Corporation Limited.

Details
Name: Angang Steel Company Limited
347
Exchange: SEHK
Founded: 1997
HK$49,189,925,887
7,234,807,847
Website: http://www.ansteel.com.cn
Address: Angang Steel Company Limited
Angang factory,
Tie Xi District,
Anshan,
Liaoning Province, 114021,
China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 347 Foreign Shares-Foreign Listed The Stock Exchange of Hong Kong Ltd. HK HKD 24. Jul 1997
OTCPK ANGG.F Foreign Shares-Foreign Listed Pink Sheets LLC US USD 24. Jul 1997
DB GNV Foreign Shares-Foreign Listed Deutsche Boerse AG DE EUR 24. Jul 1997
SZSC 347 Foreign Shares-Foreign Listed The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect HK HKD 24. Jul 1997
SZSE 000898 Domestic Shares Shenzhen Stock Exchange CN CNY 11. Nov 1997
XSEC 000898 Domestic Shares Shenzhen Stock Exchange - Shenzhen-Hong Kong Stock Connect CN CNY 11. Nov 1997
Number of employees
Current staff
Staff numbers
35,517
Angang Steel employees.
Industry
Steel
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/22 12:37
End of day share price update: 2019/03/22 00:00
Last estimates confirmation: 2019/03/20
Last earnings filing: 2019/03/18
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.