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.
Rewards
Risk Analysis
Snowflake Analysis
Undervalued with solid track record.
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
-5.5%
743
0.8%
HK Basic Materials
0.2%
HK Market
1 Year Return
-11.4%
743
3.8%
HK Basic Materials
-22.0%
HK Market
Return vs Industry: 743 underperformed the Hong Kong Basic Materials industry which returned 3.5% over the past year.
Return vs Market: 743 exceeded the Hong Kong Market which returned -21.6% over the past year.
Shareholder returns
| 743 | Industry | Market | |
|---|---|---|---|
| 7 Day | -5.5% | 0.8% | 0.2% |
| 30 Day | -28.5% | -10.2% | -10.8% |
| 90 Day | -35.3% | -10.5% | -16.5% |
| 1 Year | -4.3%-11.4% | 8.2%3.8% | -19.1%-22.0% |
| 3 Year | 244.5%200.8% | 66.1%52.6% | -3.7%-13.4% |
| 5 Year | 101.3%61.7% | 39.2%24.0% | -15.2%-28.8% |
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
2 weeks ago | Simply Wall St
A Sliding Share Price Has Us Looking At Asia Cement (China) Holdings Corporation's (HKG:743) P/E Ratio3 weeks ago | Simply Wall St
Why Asia Cement (China) Holdings Corporation (HKG:743) Is A Top Dividend Stock1 month ago | Simply Wall St
Is Asia Cement (China) Holdings (HKG:743) A Risky Investment?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$7.52) is trading below our estimate of fair value (HK$43.99)
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 (3.4x) compared to the Basic Materials industry average (5.9x).
PE vs Market: 743 is good value based on its PE Ratio (3.4x) compared to the Hong Kong market (9.1x).
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 is good value based on its PB Ratio (0.8x) compared to the HK Basic Materials industry average (0.8x).
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 is expected to decline over the next 3 years (-3.3% per year).
High Growth Revenue: 743's revenue is forecast to decline over the next 3 years (-3.3% 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 (14.2%).
Next Steps
Past Performance
How has Asia Cement (China) Holdings performed over the past 5 years?
58.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 743 has high quality earnings.
Growing Profit Margin: 743's current net profit margins (25%) are higher than last year (21.4%).
Past Earnings Growth Analysis
Earnings Trend: 743's earnings have grown significantly by 58.3% per year over the past 5 years.
Accelerating Growth: 743's earnings growth over the past year (30%) is below its 5-year average (58.3% per year).
Earnings vs Industry: 743 earnings growth over the past year (30%) exceeded the Basic Materials industry 13.3%.
Return on Equity
High ROE: 743's Return on Equity (22.1%) is considered high.
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¥12.6B) exceed its short term liabilities (CN¥7.7B).
Long Term Liabilities: 743's short term assets (CN¥12.6B) exceed its long term liabilities (CN¥1.6B).
Debt to Equity History and Analysis
Debt Level: 743's debt to equity ratio (42.4%) is considered high.
Reducing Debt: 743's debt to equity ratio has reduced from 85.3% to 42.4% over the past 5 years.
Debt Coverage: 743's debt is well covered by operating cash flow (75.8%).
Interest Coverage: 743's interest payments on its debt are well covered by EBIT (42x coverage).
Balance Sheet
Inventory Level: 743 has a high level of physical assets or inventory.
Debt Coverage by Assets: 743's debt is covered by short term assets (assets are 2x debt).
Next Steps
Dividend
What is Asia Cement (China) Holdings's current dividend yield, its reliability and sustainability?
7.27%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: 743's dividend (7.27%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.57%).
High Dividend: 743's dividend (7.27%) is low compared to the top 25% of dividend payers in the Hong Kong market (7.33%).
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 low payout ratio (24.9%), 743's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
12.0yrs
Average board tenure
CEO
Chung-Lih Wu (69yo)
8.58s
Tenure
CN¥1,789,000
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 ($USD252.46K) is below average for companies of similar size in the Hong Kong market ($USD512.84K).
Compensation vs Earnings: Chung-Lih's compensation has been consistent with company performance over the past year.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director | 8.58yrs | CN¥1.79m | 0.016% CN¥2.0m | |
| Executive Vice Chairman | no data | CN¥209.00k | 0.013% CN¥1.5m | |
| Deputy CEO | 12yrs | CN¥1.37m | 0.030% CN¥3.6m | |
| Deputy CEO | 12yrs | CN¥1.28m | 0.019% CN¥2.2m | |
| Executive Director | 4yrs | CN¥333.00k | 0.0013% CN¥154.0k | |
| Senior Advisor & Executive Director | 12yrs | CN¥203.00k | 0.027% CN¥3.3m | |
| Independent Non-Executive Director | 12yrs | CN¥254.00k | no data | |
| Non-Executive Chairman | no data | CN¥389.00k | 0.19% CN¥23.0m | |
| Independent Non-Executive Director | 5yrs | CN¥254.00k | no data | |
| Independent Non-Executive Director | 4.5yrs | CN¥254.00k | no data |
12.0yrs
Average Tenure
73yo
Average Age
Experienced Board: 743's board of directors are seasoned and experienced ( 12 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.
Recent Insider Transactions
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$12.033b
- 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 743 | SEHK (The Stock Exchange of Hong Kong Ltd.) | Yes | Ordinary Shares | HK | HKD | May 2008 |
| 4OJ | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | May 2008 |
| 743 | SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect) | Yes | Ordinary Shares | HK | HKD | May 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 clinker, general purpose Portland cement, moderate and low heat Portland cement, slag powder, limestone powder, ash powder, ready-mix concrete, etc. It also provides transportation services. The company was incorporated in 2004 and is headquartered in Ruichang, the People’s Republic of China. Asia Cement (China) Holdings Corporation is a subsidiary of Asia Cement Corporation.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/04/03 13:08 |
| End of Day Share Price | 2020/04/03 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/12/31 |
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.