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914

Anhui Conch CementSEHK:914 Stock Report

Last Price

HK$39.95

Market Cap

HK$243.1b

7D

-6.0%

1Y

-22.1%

Updated

17 Jan, 2022

Data

Company Financials +
914 fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance2/6
Financial Health6/6
Dividends4/6

914 Stock Overview

Anhui Conch Cement Company Limited, together with its subsidiaries, manufactures, sells, and trades in clinker and cement products.

Anhui Conch Cement Competitors

China National Building Material

SEHK:3323

HK$85.2b

China Resources Cement Holdings

SEHK:1313

HK$44.6b

Asia Cement (China) Holdings

SEHK:743

HK$8.3b

West China Cement

SEHK:2233

HK$7.4b

Price History & Performance

Summary of all time highs, changes and price drops for Anhui Conch Cement
Historical stock prices
Current Share PriceHK$39.95
52 Week HighHK$53.60
52 Week LowHK$35.10
Beta0.72
1 Month Change1.14%
3 Month Change-5.67%
1 Year Change-22.13%
3 Year Change2.17%
5 Year Change53.95%
Change since IPO7,632.40%

Recent News & Updates

Dec 01
Anhui Conch Cement (HKG:914) Is Investing Its Capital With Increasing Efficiency

Anhui Conch Cement (HKG:914) Is Investing Its Capital With Increasing Efficiency

If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...

Nov 18
Is Anhui Conch Cement Company Limited (HKG:914) Trading At A 37% Discount?

Is Anhui Conch Cement Company Limited (HKG:914) Trading At A 37% Discount?

Does the November share price for Anhui Conch Cement Company Limited ( HKG:914 ) reflect what it's really worth? Today...

Nov 01
Anhui Conch Cement (HKG:914) Has A Rock Solid Balance Sheet

Anhui Conch Cement (HKG:914) Has A Rock Solid Balance Sheet

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...

Shareholder Returns

914HK Basic MaterialsHK Market
7D-6.0%-5.1%1.0%
1Y-22.1%-19.4%-15.6%

Return vs Industry: 914 underperformed the Hong Kong Basic Materials industry which returned -16.4% over the past year.

Return vs Market: 914 underperformed the Hong Kong Market which returned -11.9% over the past year.

Price Volatility

Is 914's price volatile compared to industry and market?
914 volatility
914 Average Weekly Movement3.7%
Basic Materials Industry Average Movement5.1%
Market Average Movement6.7%
10% most volatile stocks in HK Market13.3%
10% least volatile stocks in HK Market3.1%

Stable Share Price: 914 is less volatile than 75% of Hong Kong stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: 914's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
199746,312Bin Wuhttps://www.conch.cn

Anhui Conch Cement Company Limited, together with its subsidiaries, manufactures, sells, and trades in clinker and cement products. The company conducts its operations through five segments, which include Eastern China, Central China, Southern China, Western China, and Overseas. It provides Portland cement, ordinary Portland cement, slag Portland cement, composite Portland cement under the Conch brand.

Anhui Conch Cement Fundamentals Summary

How do Anhui Conch Cement's earnings and revenue compare to its market cap?
914 fundamental statistics
Market CapCN¥198.39b
Earnings (TTM)CN¥32.78b
Revenue (TTM)CN¥173.90b

5.3x

P/E Ratio

1.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
914 income statement (TTM)
RevenueCN¥173.90b
Cost of RevenueCN¥124.89b
Gross ProfitCN¥49.00b
ExpensesCN¥16.22b
EarningsCN¥32.78b

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)6.19
Gross Margin28.18%
Net Profit Margin18.85%
Debt/Equity Ratio5.6%

How did 914 perform over the long term?

See historical performance and comparison

Dividends

6.4%

Current Dividend Yield

34%

Payout Ratio

Valuation

Is Anhui Conch Cement undervalued compared to its fair value and its price relative to the market?

35.0%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 914 (HK$39.95) is trading below our estimate of fair value (HK$61.5)

Significantly Below Fair Value: 914 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 914 is good value based on its PE Ratio (5.3x) compared to the Hong Kong Basic Materials industry average (6x).

PE vs Market: 914 is good value based on its PE Ratio (5.3x) compared to the Hong Kong market (9.1x).


Price to Earnings Growth Ratio

PEG Ratio: 914's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: 914 is overvalued based on its PB Ratio (1x) compared to the HK Basic Materials industry average (0.6x).


Future Growth

How is Anhui Conch Cement forecast to perform in the next 1 to 3 years based on estimates from 19 analysts?

-1.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 914's earnings are forecast to decline over the next 3 years (-1.6% per year).

Earnings vs Market: 914's earnings are forecast to decline over the next 3 years (-1.6% per year).

High Growth Earnings: 914's earnings are forecast to decline over the next 3 years.

Revenue vs Market: 914's revenue (0.3% per year) is forecast to grow slower than the Hong Kong market (11.7% per year).

High Growth Revenue: 914's revenue (0.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 914's Return on Equity is forecast to be low in 3 years time (13.1%).


Past Performance

How has Anhui Conch Cement performed over the past 5 years?

24.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 914 has high quality earnings.

Growing Profit Margin: 914's current net profit margins (18.8%) are lower than last year (20.3%).


Past Earnings Growth Analysis

Earnings Trend: 914's earnings have grown significantly by 24.4% per year over the past 5 years.

Accelerating Growth: 914's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 914 had negative earnings growth (-5%) over the past year, making it difficult to compare to the Basic Materials industry average (-4.9%).


Return on Equity

High ROE: 914's Return on Equity (18.8%) is considered low.


Financial Health

How is Anhui Conch Cement's financial position?


Financial Position Analysis

Short Term Liabilities: 914's short term assets (CN¥117.9B) exceed its short term liabilities (CN¥24.2B).

Long Term Liabilities: 914's short term assets (CN¥117.9B) exceed its long term liabilities (CN¥8.6B).


Debt to Equity History and Analysis

Debt Level: 914 has more cash than its total debt.

Reducing Debt: 914's debt to equity ratio has reduced from 20.4% to 5.6% over the past 5 years.

Debt Coverage: 914's debt is well covered by operating cash flow (323.3%).

Interest Coverage: 914 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Anhui Conch Cement current dividend yield, its reliability and sustainability?

6.40%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 914's dividend (6.4%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.36%).

High Dividend: 914's dividend (6.4%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.96%).


Stability and Growth of Payments

Stable Dividend: 914's dividend payments have been volatile in the past 10 years.

Growing Dividend: 914's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (34.2%), 914's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: 914's dividends in 3 years are forecast to be well covered by earnings (37.9% payout ratio).


Next Steps

Management

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

6.6yrs

Average management tenure


CEO

Bin Wu (56 yo)

6.42yrs

Tenure

CN¥2,373,000

Compensation

Mr. Bin Wu has been the General Manager of Anhui Conch Cement Co. Ltd. since August 21, 2015 and serves as its Executive Director since June 2, 2016. He joined the Anhui Conch Cement Co. Ltd.in 1983. Mr....


CEO Compensation Analysis

Compensation vs Market: Bin's total compensation ($USD373.53K) is below average for companies of similar size in the Hong Kong market ($USD1.23M).

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


Leadership Team

Experienced Management: 914's management team is seasoned and experienced (6.6 years average tenure).


Board Members

Experienced Board: 914's board of directors are not considered experienced ( 2.7 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: 914 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

Anhui Conch Cement Company Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Anhui Conch Cement Company Limited
  • Ticker: 914
  • Exchange: SEHK
  • Founded: 1997
  • Industry: Construction Materials
  • Sector: Materials
  • Implied Market Cap: HK$243.130b
  • Shares outstanding: 5.30b
  • Website: https://www.conch.cn

Number of Employees


Location

  • Anhui Conch Cement Company Limited
  • No. 39 Wenhua Road
  • Wuhu
  • Anhui Province
  • 241000
  • China

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/17 16:20
End of Day Share Price2022/01/17 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


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.