Asia Cement (China) Holdings Corp (HK:0743)
:0743
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Asia Cement (China) Holdings
(0743)
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Rating:44Neutral
Price Target:
HK$2.00
Action:Reiterated
Date:03/12/26
The score is weighed down primarily by deteriorated operating results and negative free cash flow in 2025, which raises near-term financial flexibility risk. Technicals are also bearish with price below key moving averages and negative MACD. Valuation is an additional headwind due to a high P/E, partly offset by a conservatively financed balance sheet with low leverage.
Positive Factors
Conservative balance sheet / low leverage
Very low debt-to-equity (~0.10) gives the company durable financial flexibility through construction cycles. It reduces refinancing and default risk, supports capex or working-capital needs without needing risky external financing, and allows strategic responses to downturns.
Negative Factors
Multi-year revenue contraction
Sustained top-line decline erodes scale economics and bargaining power with suppliers and customers. Continued revenue shrinkage undermines long-term margin recovery, lowers asset utilization of plants, and increases the challenge of returning profitability to prior levels without structural demand or pricing improvements.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet / low leverage
Very low debt-to-equity (~0.10) gives the company durable financial flexibility through construction cycles. It reduces refinancing and default risk, supports capex or working-capital needs without needing risky external financing, and allows strategic responses to downturns.
Read all positive factors
Asia Cement (China) Holdings (0743) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$3.31B
Dividend YieldN/A
Average Volume (3M)346.08K
Price to Earnings (P/E)―
Beta (1Y)0.35
Revenue Growth-12.92%
EPS Growth97.78%
CountryHK
Employees2,822
SectorBasic Materials
Sector Strength58
IndustryConstruction Materials
Share Statistics
EPS (TTM)0.16
Shares Outstanding1,566,851,000
10 Day Avg. Volume177,900
30 Day Avg. Volume346,083
Financial Highlights & Ratios
PEG Ratio-0.30
Price to Book (P/B)0.20
Price to Sales (P/S)0.66
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. The company offers Portland cement clinker, general purpose Portland cement, ...
How the Company Makes Money
Asia Cement (China) Holdings makes money primarily by selling cement and cement-related building materials to customers in the construction and infrastructure supply chain. Its key revenue streams typically include: (1) Cement sales: Revenue from ...
Asia Cement (China) Holdings Financial Statement Overview
Summary
Income Statement
44
Neutral
Balance Sheet
74
Positive
Cash Flow
38
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 5.69B | 4.98B | 5.89B | 7.43B | 9.61B | 11.76B |
| Gross Profit | 959.14M | 681.87M | 592.56M | 1.07B | 1.29B | 3.68B |
| EBITDA | 1.11B | 169.69M | 839.65M | 1.15B | 1.46B | 3.65B |
| Net Income | 255.59M | 83.51M | -263.68M | 106.09M | 420.07M | 1.77B |
Balance Sheet | ||||||
| Total Assets | 19.63B | 19.81B | 19.68B | 20.28B | 21.15B | 21.42B |
| Cash, Cash Equivalents and Short-Term Investments | 6.26B | 5.11B | 9.02B | 9.40B | 9.02B | 7.56B |
| Total Debt | 1.24B | 1.70B | 1.24B | 1.87B | 2.47B | 1.57B |
| Total Liabilities | 2.63B | 2.84B | 2.80B | 3.08B | 3.76B | 3.74B |
| Stockholders Equity | 16.63B | 16.61B | 16.51B | 16.84B | 16.99B | 17.27B |
Cash Flow | ||||||
| Free Cash Flow | 147.03M | -359.40M | 1.35M | 1.21B | 1.25B | 2.15B |
| Operating Cash Flow | 633.86M | 310.35M | 459.74M | 1.53B | 1.61B | 2.50B |
| Investing Cash Flow | -4.20B | -904.04M | -4.12B | -2.81B | 257.34M | 1.39B |
| Financing Cash Flow | 53.33M | 287.72M | -759.14M | -973.67M | 138.93M | -2.40B |
Asia Cement (China) Holdings Technical Analysis
―
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0743, the sentiment is undefined. The current price of undefined is equal to the 20-day moving average (MA) of ―, equal to the 50-day MA of ―, and equal to the 200-day MA of ―, indicating a neutral trend. The MACD of ― indicates undefined momentum. The RSI at ― is undefined, neither overbought nor oversold. The STOCH value of ― is undefined, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a undefined 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 |
|---|---|---|---|---|---|---|---|
64 Neutral | HK$39.69B | 11.73 | 10.24% | 4.82% | 10.08% | 33.29% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
61 Neutral | HK$116.23B | 16.65 | 4.06% | 4.59% | -9.32% | 5.05% | |
48 Neutral | HK$739.99M | 2.64 | 2.06% | ― | 0.18% | ― | |
48 Neutral | HK$4.24B | -101.84 | -16.84% | ― | -3.75% | -13.94% | |
45 Neutral | HK$1.65B | -2.38 | -5.53% | ― | -20.28% | -604.87% | |
44 Neutral | HK$3.31B | -8.90 | 0.02% | ― | -12.92% | 97.78% |
* Basic Materials Sector Average
HK:0743
Asia Cement (China) Holdings
2.11
-0.29
-12.08%
HK:0914
Anhui Conch Cement Company
18.95
-1.13
-5.61%
HK:0691
China Shanshui Cement Group
0.38
-0.15
-28.30%
HK:1252
China Tianrui Group Cement Co., Ltd.
0.24
-0.03
-11.11%
HK:6655
Huaxin Cement Co., Ltd. Class H
14.72
6.28
74.41%
HK:0695
Dongwu Cement International Ltd.
7.68
5.52
255.56%
Asia Cement (China) Holdings Corporate Events
Asia Cement (China) Releases Audited 2025 Annual Results and Confirms Board Line-up
Mar 9, 2026
Asia Cement (China) Holdings Corporation has released its audited consolidated annual results for the year ended 31 December 2025, together with comparative figures for 2024, following review by its audit committee. The disclosure forms part of it...
Asia Cement (China) Proposes 2025 Final Dividend of RMB 0.03 Per Share
Mar 9, 2026
Asia Cement (China) Holdings Corporation has proposed a final ordinary dividend of RMB 0.03 per share for the financial year ended 31 December 2025, underscoring its continued practice of returning cash to shareholders. The dividend remains subjec...
Asia Cement (China) Sets March Board Meeting to Approve 2025 Results and Consider Dividend
Feb 11, 2026
Asia Cement (China) Holdings has scheduled a board meeting for 9 March 2026 to review and approve the audited final results for the financial year ended 31 December 2025. The board will also consider recommending a final dividend, if appropriate, ...
Asia Cement (China) Signals 2025 Profit on Lower Cement Costs
Jan 23, 2026
Asia Cement (China) Holdings has issued a positive profit alert, indicating that it expects to swing to an unaudited profit attributable to equity holders of about RMB85.6 million for the year ended 31 December 2025, compared with a loss of approx...
Asia Cement (China) Clarifies Pricing and Caps for Connected Cement Deals
Jan 12, 2026
Asia Cement (China) Holdings Corporation has issued a supplemental announcement clarifying the pricing mechanisms and annual caps for a series of continuing connected transactions involving the purchase and sale of clinker, cement and slag powder ...
Asia Cement (China) Renews Connected Supply and Sales Deals Worth Over US$60 Million for 2026
Dec 30, 2025
Asia Cement (China) Holdings has renewed a series of continuing connected transactions within its wider corporate group for 2026, covering the sale and purchase of clinker, cement and slag powder. Under newly signed agreements effective from 1 Jan...
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.