SEHK:743

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Asia Cement (China) Holdings

Executive Summary

Asia Cement (China) Holdings Corporation, an investment holding company, manufactures and sells cement, concrete, and related products in the People’s Republic of China. More Details


Snowflake Analysis

Excellent balance sheet established dividend payer.


Similar Companies

Share Price & News

How has Asia Cement (China) Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 743's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

5.0%

743

-3.7%

HK Basic Materials

-0.7%

HK Market


1 Year Return

-26.4%

743

4.4%

HK Basic Materials

0.5%

HK Market

Return vs Industry: 743 underperformed the Hong Kong Basic Materials industry which returned 4.4% over the past year.

Return vs Market: 743 underperformed the Hong Kong Market which returned 0.5% over the past year.


Shareholder returns

743IndustryMarket
7 Day5.0%-3.7%-0.7%
30 Day4.1%-6.0%5.8%
90 Day-19.2%-16.4%1.4%
1 Year-21.8%-26.4%9.0%4.4%4.6%0.5%
3 Year214.7%162.6%44.1%28.9%-6.8%-16.9%
5 Year293.1%211.0%102.7%77.0%15.8%-3.8%

Price Volatility Vs. Market

How volatile is Asia Cement (China) Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Asia Cement (China) Holdings undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 743 (HK$7.09) is trading below our estimate of fair value (HK$31.8)

Significantly Below Fair Value: 743 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 743 is good value based on its PE Ratio (3.8x) compared to the HK Basic Materials industry average (6.3x).

PE vs Market: 743 is good value based on its PE Ratio (3.8x) compared to the Hong Kong market (10.9x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 743's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 743's PB Ratio (0.6x) is in line with the HK Basic Materials industry average.


Next Steps

Future Growth

How is Asia Cement (China) Holdings forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

3.3%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if 743's forecast earnings growth is above the savings rate (1.6%).

Earnings vs Market: Insufficient data to determine if 743's earnings are forecast to grow faster than the Hong Kong market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 743's revenue (3.3% per year) is forecast to grow slower than the Hong Kong market (13.3% per year).

High Growth Revenue: 743's revenue (3.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 743's Return on Equity is forecast to be low in 3 years time (15.1%).


Next Steps

Past Performance

How has Asia Cement (China) Holdings performed over the past 5 years?

57.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 743 has high quality earnings.

Growing Profit Margin: 743's current net profit margins (23.7%) are lower than last year (24.3%).


Past Earnings Growth Analysis

Earnings Trend: 743 has become profitable over the past 5 years, growing earnings by 57.7% per year.

Accelerating Growth: 743's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 743 had negative earnings growth (-17.3%) over the past year, making it difficult to compare to the Basic Materials industry average (5.7%).


Return on Equity

High ROE: 743's Return on Equity (16.9%) is considered low.


Next Steps

Financial Health

How is Asia Cement (China) Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: 743's short term assets (CN¥12.7B) exceed its short term liabilities (CN¥5.3B).

Long Term Liabilities: 743's short term assets (CN¥12.7B) exceed its long term liabilities (CN¥3.0B).


Debt to Equity History and Analysis

Debt Level: 743's debt to equity ratio (40.5%) is considered high.

Reducing Debt: 743's debt to equity ratio has reduced from 88.2% to 40.5% over the past 5 years.

Debt Coverage: 743's debt is well covered by operating cash flow (67.5%).

Interest Coverage: 743's interest payments on its debt are well covered by EBIT (231.6x coverage).


Balance Sheet


Next Steps

Dividend

What is Asia Cement (China) Holdings's current dividend yield, its reliability and sustainability?

8.14%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 743's dividend (8.14%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.26%).

High Dividend: 743's dividend (8.14%) is in the top 25% of dividend payers in the Hong Kong market (6.97%)


Stability and Growth of Payments

Stable Dividend: 743's dividend payments have been volatile in the past 10 years.

Growing Dividend: 743's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (30.9%), 743's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: 743's dividends in 3 years are forecast to be well covered by earnings (40% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.5yrs

Average management tenure


CEO

Chung-Lih Wu (70 yo)

9.08yrs

Tenure

CN¥1,847,000

Compensation

Dr. Chung-Lih Wu has been the Chief Executive Officer of Asia Cement (China) Holdings Corp. since September 1, 2011 and served as its Chief Administrative Officer and Compliance Officer. Dr. Wu has extensi ...


CEO Compensation Analysis

Compensation vs Market: Chung-Lih's total compensation ($USD275.08K) is below average for companies of similar size in the Hong Kong market ($USD559.17K).

Compensation vs Earnings: Chung-Lih's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Chung-Lih Wu
CEO & Executive Director9.08yrsCN¥1.85m0.016%
CN¥ 1.7m
Shu-Ping Hsu
Executive Vice Chairmanno dataCN¥214.00k0.013%
CN¥ 1.4m
Chen-Kuen Chang
Deputy CEO12.5yrsCN¥1.41m0.042%
CN¥ 4.6m
Seng-Chang Lin
Deputy CEO12.5yrsCN¥1.33m0.019%
CN¥ 2.1m
Ling-Ling Wu
Executive Director4.5yrsCN¥272.00k0.0013%
CN¥ 142.4k
Tsai-Hsiung Chang
Senior Advisor & Executive Director12.5yrsCN¥211.00k0.020%
CN¥ 2.3m
Chien-Hua Wu
Acting CFO & Manager of the Accounting of the Groupno datano datano data
Dong-lin Yu
Manager of Human Resources Departmentno datano datano data
Rong-Chou Lin
Chief Audit Officerno datano datano data
Yuk Yin Chow
Company Secretary0.17yrno datano data

4.5yrs

Average Tenure

71.5yo

Average Age

Experienced Management: 743's management team is considered experienced (4.5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Chung-Lih Wu
CEO & Executive Director9.08yrsCN¥1.85m0.016%
CN¥ 1.7m
Shu-Ping Hsu
Executive Vice Chairmanno dataCN¥214.00k0.013%
CN¥ 1.4m
Chen-Kuen Chang
Deputy CEO12.5yrsCN¥1.41m0.042%
CN¥ 4.6m
Seng-Chang Lin
Deputy CEO12.5yrsCN¥1.33m0.019%
CN¥ 2.1m
Ling-Ling Wu
Executive Director4.5yrsCN¥272.00k0.0013%
CN¥ 142.4k
Tsai-Hsiung Chang
Senior Advisor & Executive Director12.5yrsCN¥211.00k0.020%
CN¥ 2.3m
Tak-Lung Tsim
Independent Non-Executive Director12.5yrsCN¥264.00kno data
Shu-Tong Hsu
Non-Executive Chairmanno dataCN¥402.00k0.19%
CN¥ 21.3m
Kao-Chao Lee
Independent Non-Executive Director5.5yrsCN¥264.00kno data
Wei Wang
Independent Non-Executive Director5.5yrsCN¥264.00kno data
Kuo-Ming Wang
Independent Non-Executive Director5yrsCN¥264.00kno data

12.5yrs

Average Tenure

75yo

Average Age

Experienced Board: 743's board of directors are seasoned and experienced ( 12.5 years average tenure).


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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Asia Cement (China) Holdings Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Asia Cement (China) Holdings Corporation
  • Ticker: 743
  • Exchange: SEHK
  • Founded: 2004
  • Industry: Construction Materials
  • Sector: Materials
  • Market Cap: HK$11.125b
  • Shares outstanding: 1.57b
  • Website: https://www.achc.com.cn

Number of Employees


Location

  • Asia Cement (China) Holdings Corporation
  • No. 6, Yadong Road
  • Ma-Tou Town
  • Ruichang
  • Jiangxi Province
  • 332207
  • China

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
743SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDMay 2008
4OJDB (Deutsche Boerse AG)YesOrdinary SharesDEEURMay 2008
743SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect)YesOrdinary SharesHKHKDMay 2008

Biography

Asia Cement (China) Holdings Corporation, an investment holding company, manufactures and sells cement, concrete, and related products in the People’s Republic of China. The company offers Portland cement ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/30 12:39
End of Day Share Price2020/10/30 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.