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Asia Cement (China) Holdings
(0743)
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Rating:45Neutral
Price Target:
HK$1.50
Action:Reiterated
Date:08/19/26
The score is held down primarily by deteriorating profitability and sharply weaker cash generation (including deeply negative free cash flow), which outweigh the benefit of a low-leverage balance sheet. Technicals add additional pressure with the stock trading below key moving averages and a negative MACD. Valuation is only modestly supportive due to a moderate dividend yield, but the negative P/E reflects current losses.
Positive Factors
Low leverage
Very low leverage limits solvency pressure and interest burden, giving the company greater flexibility through a cyclical construction market. The sizeable equity base can also provide resilience while management addresses weak profitability and cash conversion.
Negative Factors
Multi-year revenue decline
Sustained revenue contraction reduces operating leverage and makes fixed production and distribution costs harder to absorb. Continued volume or pricing weakness can limit the company’s ability to improve margins, reinvest in operations and restore earnings power.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage
Very low leverage limits solvency pressure and interest burden, giving the company greater flexibility through a cyclical construction market. The sizeable equity base can also provide resilience while management addresses weak profitability and cash conversion.
Read all positive factors
Asia Cement (China) Holdings (0743) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$2.24B
Dividend Yield2.38%
Average Volume (3M)441.24K
Price to Earnings (P/E)―
Beta (1Y)0.57
Revenue Growth-10.27%
EPS Growth-211.87%
CountryHK
Employees2,727
SectorBasic Materials
Sector Strength58
IndustryConstruction Materials
Share Statistics
EPS (TTM)-0.08
Shares Outstanding1,566,851,000
10 Day Avg. Volume187,250
30 Day Avg. Volume441,243
Financial Highlights & Ratios
PEG Ratio-0.29
Price to Book (P/B)0.20
Price to Sales (P/S)0.65
P/FCF Ratio-9.20
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.31
Revenue Forecast (FY)HK$5.53B
Asia Cement (China) Holdings Business Overview & Revenue Model
Company Description
Asia Cement (China) Holdings Corporation, an investment holding company, manufactures and sells cement, concrete, and related products in the People's Republic of China. It operates through Cement Business and Concrete Business segments. The compa...
How the Company Makes Money
The company primarily makes money by producing and selling cement and clinker to customers in the construction and infrastructure supply chain. (1) Cement sales: Revenue is generated from selling various types of cement to distributors, concrete p...
Asia Cement (China) Holdings Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
72
Positive
Cash Flow
28
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.87B | 5.11B | 5.89B | 7.43B | 9.61B | 11.76B |
| Gross Profit | 488.87M | 779.45M | 592.56M | 1.07B | 1.29B | 3.68B |
| EBITDA | 1.06B | 169.69M | 799.43M | 1.19B | 1.49B | 3.69B |
| Net Income | -121.35M | 85.72M | -263.68M | 106.09M | 420.07M | 1.77B |
Balance Sheet | ||||||
| Total Assets | 19.94B | 19.81B | 19.68B | 20.28B | 21.15B | 21.42B |
| Cash, Cash Equivalents and Short-Term Investments | 4.57B | 5.11B | 9.02B | 9.40B | 9.02B | 7.56B |
| Total Debt | 1.56B | 1.70B | 1.24B | 1.87B | 2.47B | 1.57B |
| Total Liabilities | 3.12B | 2.84B | 2.80B | 3.08B | 3.76B | 3.74B |
| Stockholders Equity | 16.46B | 16.61B | 16.51B | 16.84B | 16.99B | 17.27B |
Cash Flow | ||||||
| Free Cash Flow | -413.62M | -359.40M | 1.35M | 1.21B | 1.25B | 2.15B |
| Operating Cash Flow | 25.79M | 310.35M | 459.74M | 1.53B | 1.61B | 2.50B |
| Investing Cash Flow | -772.47M | -904.04M | -4.12B | -2.81B | 257.34M | 1.39B |
| Financing Cash Flow | 270.50M | 287.72M | -759.14M | -973.67M | 138.93M | -2.40B |
Asia Cement (China) Holdings Technical Analysis
Negative
―
Price Trends
1.61
Negative
1.67
Negative
1.93
Negative
Market Momentum
-0.05
Positive
32.62
Neutral
17.78
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0743, the sentiment is Negative. The current price of undefined is equal to the 20-day moving average (MA) of 1.52, equal to the 50-day MA of 1.61, and equal to the 200-day MA of 1.93, indicating a bearish trend. The MACD of -0.05 indicates Positive momentum. The RSI at 32.62 is Neutral, neither overbought nor oversold. The STOCH value of 17.78 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0743.
Asia Cement (China) Holdings Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | HK$106.32B | 21.08 | 2.37% | 4.96% | -6.86% | -26.49% | |
63 Neutral | HK$44.21B | 12.81 | 10.68% | 4.14% | 18.04% | 28.32% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
50 Neutral | HK$739.99M | 2.14 | 1.79% | 2.05% | ― | ― | |
48 Neutral | HK$1.09B | -0.62 | -8.62% | 3.22% | -23.06% | -1157.34% | |
45 Neutral | HK$2.24B | -5.33 | -2.19% | 2.38% | -10.27% | -211.87% | |
42 Neutral | HK$3.10B | -46.56 | -20.37% | 5.23% | -41.36% | -130.80% |
* Basic Materials Sector Average
HK:0743
Asia Cement (China) Holdings
1.43
-1.11
-43.59%
HK:0914
Anhui Conch Cement Company
17.12
-5.07
-22.87%
HK:0691
China Shanshui Cement Group
0.25
-0.46
-64.79%
HK:1252
China Tianrui Group Cement Co., Ltd.
0.24
-0.08
-23.81%
HK:6655
Huaxin Cement Co., Ltd. Class H
14.84
-2.51
-14.48%
HK:0695
Dongwu Cement International Ltd.
5.62
1.33
30.89%
Asia Cement (China) Holdings Corporate Events
Asia Cement (China) Swings to Nine-Month Loss as Margins Contract
Oct 27, 2026
Asia Cement (China) Holdings reported an unaudited loss attributable to equity holders of about RMB300.9 million for the nine months ended 30 September 2026, reversing a profit of RMB146.3 million a year earlier. Revenue fell to RMB3.33 billion fr...
Asia Cement (China) Warns of RMB300 Million Loss on Weaker Cement Market
Oct 16, 2026
Asia Cement (China) Holdings has issued a profit warning, stating that it expects to post an unaudited loss attributable to equity holders of about RMB300.9 million for the nine months ended 30 September 2026. This marks a sharp reversal from the ...
Asia Cement (China) Sets October Board Meeting to Review Nine-Month Results
Oct 13, 2026
Asia Cement (China) Holdings has scheduled a board meeting for 27 October 2026 to review and approve its quarterly results for the nine months ended 30 September 2026. The board will also consider whether to recommend an interim dividend, a decisi...
Asia Cement (China) Wins Strong Independent Backing for Supplemental Deals at EGM
Aug 7, 2026
Asia Cement (China) Holdings said independent shareholders have overwhelmingly approved a key ordinary resolution at an extraordinary general meeting held on 7 August 2026. The resolution, which secured 99.81% of votes cast, ratifies supplemental ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.