Anhui Conch Cement Company Limited

SEHK:914 Stock Report

Market Cap: HK$137.4b

Anhui Conch Cement Valuation

Is 914 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 914 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 914 (HK$20.9) is trading below our estimate of fair value (HK$21.52)

Significantly Below Fair Value: 914 is trading below fair value, but not by a significant amount.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for 914?

Key metric: As 914 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 914. This is calculated by dividing 914's market cap by their current earnings.
What is 914's PE Ratio?
PE Ratio14.3x
EarningsCN¥7.22b
Market CapCN¥128.26b

Price to Earnings Ratio vs Peers

How does 914's PE Ratio compare to its peers?

The above table shows the PE ratio for 914 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average26.6x
3323 China National Building Material
33.4x64.8%HK$29.3b
1313 China Resources Building Materials Technology Holdings
35.6x35.9%HK$12.0b
2233 West China Cement
30x59.0%HK$9.2b
2600 Aluminum Corporation of China
7.4x10.2%HK$126.9b
914 Anhui Conch Cement
14.3x9.8%HK$136.1b

Price-To-Earnings vs Peers: 914 is good value based on its Price-To-Earnings Ratio (14.3x) compared to the peer average (26.6x).


Price to Earnings Ratio vs Industry

How does 914's PE Ratio compare vs other companies in the Asian Basic Materials Industry?

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
914 14.3xIndustry Avg. 17.5xNo. of Companies43PE01632486480+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 914 is good value based on its Price-To-Earnings Ratio (14.3x) compared to the Asian Basic Materials industry average (17.5x).


Price to Earnings Ratio vs Fair Ratio

What is 914's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

914 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio14.3x
Fair PE Ratio11.3x

Price-To-Earnings vs Fair Ratio: 914 is expensive based on its Price-To-Earnings Ratio (14.3x) compared to the estimated Fair Price-To-Earnings Ratio (11.3x).


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 914 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentHK$20.90
HK$24.46
+17.1%
17.2%HK$31.51HK$16.50n/a15
Nov ’25HK$22.45
HK$24.02
+7.0%
19.7%HK$32.03HK$15.96n/a15
Oct ’25HK$22.85
HK$21.32
-6.7%
16.4%HK$28.21HK$15.12n/a15
Sep ’25HK$16.88
HK$21.57
+27.8%
16.7%HK$28.02HK$16.07n/a15
Aug ’25HK$18.44
HK$21.98
+19.2%
20.4%HK$28.89HK$14.52n/a14
Jul ’25HK$18.60
HK$21.54
+15.8%
20.7%HK$28.84HK$14.49n/a14
Jun ’25HK$19.34
HK$21.55
+11.4%
21.1%HK$28.92HK$13.90n/a14
May ’25HK$18.26
HK$21.70
+18.8%
20.5%HK$28.98HK$13.92n/a14
Apr ’25HK$16.28
HK$22.33
+37.2%
19.2%HK$28.95HK$13.98n/a14
Mar ’25HK$17.18
HK$24.09
+40.2%
21.9%HK$33.57HK$13.96n/a14
Feb ’25HK$15.52
HK$24.09
+55.2%
21.9%HK$33.58HK$13.97n/a14
Jan ’25HK$18.04
HK$26.04
+44.4%
18.8%HK$33.95HK$14.37n/a15
Dec ’24HK$18.14
HK$26.23
+44.6%
19.1%HK$33.55HK$14.20HK$20.3015
Nov ’24HK$19.36
HK$26.89
+38.9%
14.6%HK$32.99HK$20.00HK$22.4515
Oct ’24HK$20.85
HK$28.27
+35.6%
16.0%HK$37.31HK$21.67HK$22.8514
Sep ’24HK$21.80
HK$28.81
+32.1%
15.1%HK$37.72HK$21.90HK$16.8815
Aug ’24HK$22.45
HK$31.65
+41.0%
18.2%HK$43.02HK$20.57HK$18.4415
Jul ’24HK$20.80
HK$31.67
+52.3%
17.6%HK$42.77HK$20.45HK$18.6016
Jun ’24HK$21.10
HK$33.24
+57.5%
16.7%HK$44.03HK$24.34HK$19.3417
May ’24HK$24.70
HK$36.18
+46.5%
32.0%HK$78.56HK$24.76HK$18.2618
Apr ’24HK$27.20
HK$37.41
+37.5%
31.4%HK$78.97HK$21.04HK$16.2818
Mar ’24HK$29.75
HK$36.69
+23.3%
35.7%HK$79.17HK$21.09HK$17.1818
Feb ’24HK$30.10
HK$37.29
+23.9%
36.3%HK$80.42HK$21.43HK$15.5218
Jan ’24HK$27.30
HK$37.21
+36.3%
34.4%HK$77.65HK$25.10HK$18.0418
Dec ’23HK$27.90
HK$36.60
+31.2%
34.3%HK$76.31HK$24.73HK$18.1418

Analyst Forecast: Target price is less than 20% higher than the current share price.


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