SEHK:914

Stock Analysis Report

Executive Summary

Anhui Conch Cement Company Limited, together with its subsidiaries, manufactures, sells, and trades in clinker and cement products in the People’s Republic of China and internationally.

Snowflake

Fundamentals

Flawless balance sheet with solid track record and pays a dividend.


Similar Companies

Share Price & News

How has Anhui Conch Cement's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0.6%

SEHK:914

2.0%

HK Basic Materials

1.9%

HK Market


1 Year Return

11.1%

SEHK:914

7.9%

HK Basic Materials

-3.3%

HK Market

914 outperformed the Basic Materials industry which returned 7.5% over the past year.

914 outperformed the Market in Hong Kong which returned -3.9% over the past year.


Share holder returns

914IndustryMarket
7 Day0.6%2.0%1.9%
30 Day8.7%11.2%6.1%
90 Day2.0%4.5%-0.5%
1 Year16.0%11.1%12.7%7.9%0.1%-3.3%
3 Year141.3%119.2%111.1%94.0%17.7%5.9%
5 Year111.1%81.8%65.3%45.8%19.0%-0.6%

Price Volatility Vs. Market

How volatile is Anhui Conch Cement's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Anhui Conch Cement undervalued based on future cash flows and its price relative to the stock market?

34%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Anhui Conch Cement's share price is below the future cash flow value, and at a moderate discount (> 20%).

Anhui Conch Cement's share price is below the future cash flow value, but not at a substantial discount (< 40%).


Price Based on Earnings

Anhui Conch Cement is overvalued based on earnings compared to the HK Basic Materials industry average.

Anhui Conch Cement is good value based on earnings compared to the Hong Kong market.


Price Based on Expected Growth

Anhui Conch Cement earnings are not expected to grow next year, we can't assess if its growth is good value.


Price Based on Value of Assets

Anhui Conch Cement is overvalued based on assets compared to the HK Basic Materials industry average.


Next Steps

Future Growth

How is Anhui Conch Cement expected to perform in the next 1 to 3 years based on estimates from 20 analysts?

-4.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Anhui Conch Cement's revenue is expected to grow by 0.9% yearly, however this is not considered high growth (20% yearly).

Anhui Conch Cement's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.

Anhui Conch Cement's revenue growth is positive but not above the Hong Kong market average.

Anhui Conch Cement's earnings are expected to decrease over the next 1-3 years, this is below the Hong Kong market average.

Anhui Conch Cement's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2%.


Earnings per Share Growth Estimates


Future Return on Equity

Anhui Conch Cement is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).


Next Steps

Past Performance

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

28.8%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Anhui Conch Cement has delivered over 20% year on year earnings growth in the past 5 years.

Anhui Conch Cement's 1-year earnings growth exceeds its 5-year average (45.5% vs 28.8%)

Anhui Conch Cement's earnings growth has not exceeded the HK Basic Materials industry average in the past year (45.5% vs 45.5%).


Return on Equity

Anhui Conch Cement has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).


Return on Assets

Anhui Conch Cement used its assets more efficiently than the HK Basic Materials industry average last year based on Return on Assets.


Return on Capital Employed

Anhui Conch Cement has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Anhui Conch Cement's financial position?


Financial Position Analysis

Anhui Conch Cement is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Anhui Conch Cement's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Anhui Conch Cement's level of debt (8.2%) 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 (32.1% vs 8.2% today).

Debt is well covered by operating cash flow (382.5%, greater than 20% of total debt).

Anhui Conch Cement earns more interest than it pays, coverage of interest payments is not a concern.


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 7.3x debt.


Next Steps

Dividend

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

4.11%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Anhui Conch Cement's pays a higher dividend yield than the bottom 25% of dividend payers in Hong Kong (2.19%).

Anhui Conch Cement's dividend is below the markets top 25% of dividend payers in Hong Kong (6.06%).

Dividends per share have been volatile in the past 10 years (annual drop of over 20%).

Dividends per share have increased over the past 10 years.


Current Payout to Shareholders

Dividends paid are well covered by earnings (3.6x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be well covered by earnings (3x coverage).


Next Steps

Management

What is the CEO of Anhui Conch Cement's salary, the management and board of directors tenure and is there insider trading?

4.3yrs

Average management tenure


CEO

Bin Wu (54yo)

4.1yrs

Tenure

CN¥1,867,000

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

Bin's remuneration is lower than average for companies of similar size in Hong Kong.

Bin's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

4.3yrs

Average Tenure

51.5yo

Average Age

The tenure for the Anhui Conch Cement management team is about average.


Board Age and Tenure

3.3yrs

Average Tenure

54.5yo

Average Age

The tenure for the Anhui Conch Cement board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


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Ownership Breakdown


Management Team

  • Jianchao Wang (55yo)

    Deputy Chairman

    • Tenure: 4.1yrs
    • Compensation: CN¥847.00k
  • Feng Ding (47yo)

    Executive Director

    • Tenure: 3.3yrs
  • Bin Wu (54yo)

    GM & Executive Director

    • Tenure: 4.1yrs
    • Compensation: CN¥1.87m
  • Leyi Li (57yo)

    Chief Engineer of Technical Art

    • Tenure: 7.5yrs
  • Qiubi Ke (56yo)

    Deputy general manager

    • Tenure: 2.3yrs
  • Qunfeng Li (48yo)

    Deputy GM & Executive Director

    • Tenure: 0.3yrs
  • Xiaobo Li (49yo)

    Deputy General Manager

    • Tenure: 4.5yrs
  • Gao Dengbang (58yo)

    Chairman

    • Tenure: 3.3yrs
  • Shui Yu (43yo)

    Assistant to General Manager

    • Tenure: 1.1yrs
  • Tiejun Wu (39yo)

    Assistant to General Manager

    • Tenure: 1.9yrs

Board Members

  • Pengfei Wang (57yo)

    Supervisor

    • Tenure: 4.3yrs
    • Compensation: CN¥993.15k
  • Jianchao Wang (55yo)

    Deputy Chairman

    • Tenure: 4.1yrs
    • Compensation: CN¥847.00k
  • Feng Ding (47yo)

    Executive Director

    • Tenure: 3.3yrs
  • Bin Wu (54yo)

    GM & Executive Director

    • Tenure: 4.1yrs
    • Compensation: CN¥1.87m
  • Simon Leung (59yo)

    Independent Non-Executive Director

    • Tenure: 3.3yrs
    • Compensation: CN¥132.00k
  • Mianzhi Yang (50yo)

    Independent Non Executive Director

    • Tenure: 3.3yrs
    • Compensation: CN¥134.00k
  • Qunfeng Li (48yo)

    Deputy GM & Executive Director

    • Tenure: 0.3yrs
  • Gao Dengbang (58yo)

    Chairman

    • Tenure: 3.3yrs
  • Xiaoming Wu (56yo)

    Chairman of Supervisory Committee

    • Tenure: 1.9yrs
  • Yunyan Zhang (44yo)

    Independent Non-Executive Director

    • Tenure: 0.3yrs

Company Information

Anhui Conch Cement Company Limited's company bio, 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
  • Market Cap: HK$250.195b
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
AHCH.FOTCPK (Pink Sheets LLC)YesForeign Shares-Foreign ListedUSUSDOct 1997
914SEHK (The Stock Exchange of Hong Kong Ltd.)YesForeign Shares-Foreign ListedHKHKDOct 1997
AQEDB (Deutsche Boerse AG)YesForeign Shares-Foreign ListedDEEUROct 1997
914SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect)YesForeign Shares-Foreign ListedHKHKDOct 1997
914SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect)YesForeign Shares-Foreign ListedHKHKDOct 1997
600585SHSE (Shanghai Stock Exchange)Domestic SharesCNCNYFeb 2002
600585XSSC (Shanghai Stock Exchange - Shanghai - Hong Kong Stock Connect)Domestic SharesCNCNYFeb 2002
AHCH.YOTCPK (Pink Sheets LLC)ADRUSUSDNov 2008

Biography

Anhui Conch Cement Company Limited, together with its subsidiaries, manufactures, sells, and trades in clinker and cement products in the People’s Republic of China and internationally. The company primari ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/16 12:36
End of Day Share Price2019/09/16 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.