Asia Cement China Holdings Corp (0743) fair value: what the stock is really worth
As of Nov 13, 2026: fair value (intrinsic value) of Asia Cement China Holdings Corp stock HK$2.26, price HK$1.42, upside +60.0%, quality 45 out of 100. Rating: strongly undervalued. Calculated from audited financials with 12 of our 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 11, 2026.
How to read this chart
60‑month range HK$1.40 – HK$5.83 · fair‑value band HK$1.42 – HK$3.11 · the HK$1.42 price screens below the HK$2.26 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 11, 2026.
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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.
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The company offers Portland cement clinker, moderate and low heat Portland cement, slag powder, limestone powder, ash powder, ready-mix concrete, and other products. It also provides marketing and transportation services; and engages in the sale and storage of cement products.
The company was incorporated in 2004 and is headquartered in Causeway Bay, Hong Kong. Asia Cement (China) Holdings Corporation is a subsidiary of Asia Cement Corporation.
Stock analysis
Asia Cement China Holdings Corp (0743) currently trades at HK$1.42, while our model-based Fair Value estimate is HK$2.26, implying the stock looks roughly 38% undervalued today.
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Valuation
Bull case: the Economic Profit group reads highest at a median of HK$4.29 per share, and 7 of the 12 models we run sit above the HK$1.42 price.
Bear case: the Growth Earnings group reads lowest at HK$0.8300, and 5 of the 12 models stay below the price. Data coverage for this calculation is low.
Scenario range: HK$1.42 (bear) to HK$3.11 (bull), the price of HK$1.42 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 45/100 (below-average quality), in the Basic Materials sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Asia Cement China Holdings Corp reported revenue of 5.1B CNY in FY2025 versus 11.8B CNY in FY2021, a compound −18.8%/yr. Reported net income was 85.7M CNY in FY2025, compounding −53.1%/yr from FY2021.
Key figures
Market cap HK$2.2B (≈ $285M) Micro · P/S ratio 0.48 · EPS (TTM) HK$−0.1104 · Dividend yield 2.4% · Net margin 1.7% · Return on equity −2.2% · Return on assets (EBIT) 3.7% (5-year average) · Operating margin −22.4%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 15 out of 100 (medium confidence).
What moves the price
The share trades about 46% below its 52-week high and 1% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −19% fair-value upside, at 60%, 0743 screens cheaper than that median.
Fair Value models
BearHK$1.42Fair Value HK$2.26BullHK$3.11
Price HK$1.42 · Upside +60.0%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Best data coverage
Residual IncomeHK$6.58HK$7.09HK$7.7376
EPVHK$1.42HK$1.48HK$1.5374
ROIC CompounderHK$1.42HK$1.48HK$1.5372
All 12 models by family
Earnings-Based
Graham-DoddHK$0.4400HK$0.5300HK$0.600067
EPVHK$1.42HK$1.48HK$1.5374
Multiples
P/E MultipleHK$0.8200HK$1.09HK$1.3763
P/S MultipleHK$0.8200HK$1.09HK$1.3758
P/B MultipleHK$3.10HK$4.14HK$5.1755
EV/EBITHK$1.03HK$1.49HK$1.9565
EV/EBITDAHK$1.07HK$1.54HK$2.0267
EV/RevenueHK$0.8500HK$1.36HK$1.8753
Asset-Based
NCAV (Graham)HK$1.79HK$2.72HK$3.3955
Economic Profit
Residual IncomeHK$6.58HK$7.09HK$7.7376
ROIC CompounderHK$1.42HK$1.48HK$1.5372
Growth Earnings
Growth-Adj P/EHK$0.5800HK$0.8300HK$1.0867
The fair value above starts from this blend and is adjusted for a cyclical trough year.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.14/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−13.2%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−19.0%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−13.9%
Start year 2020 (pandemic). Over 10 years: −2.2% a year
Revenue growth 20 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+8.3%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
−47.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year−49.7%
Dividend (yield on the price)2.4%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−49.7% vs −15.5%, slowing
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.33% → 3%
Pace: the 5-year rate starts in 2020 (pandemic)
⚠ Revenue per share shrinking 2.2%/yr over ~10Y (margins eroding too) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Compare Asia Cement China Holdings Corp with another stock
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Building Materials · 267 stocks
Beats the industry median on 4/11 measures
Overall it trails its industry peers.
Valuation
Quality Score45 · Below median
Fair Value upside+60.0% · Top 25%
Profitability
Return on assets0.4% · Below median
Net margin (12 months)−7.7% · Bottom 25%
Operating margin (12 months)−22.4% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)−16.0% · Bottom 25%
Dividend yield (12 months)2.4% · Below median
Valuation Multiplesvs Building Materials median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Asia Cement China Holdings Corp Fair Value". https://www.fairvalue-calculator.com/stock/0743
Frequently asked questions
Is Asia Cement China Holdings Corp (0743) overvalued or undervalued?
As of Nov 11, 2026, our model estimates a fair value of HK$2.26 versus a price of HK$1.42, about +60% upside (undervalued).
What is the fair value of 0743?
Our model-based fair value for Asia Cement China Holdings Corp is HK$2.26 (as of Nov 11, 2026), built from audited fundamentals. The current price: HK$1.42.
What is the quality score of 0743?
Asia Cement China Holdings Corp has a Quality Score of 45/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Asia Cement China Holdings Corp (0743)?
Our model-based price target is the fair value of HK$2.26 (as of Nov 11, 2026) from 12 valuation models. Cautious scenario HK$1.42, optimistic scenario HK$3.11. It is a calculation from audited fundamentals, not an analyst target.
What is the Asia Cement China Holdings Corp stock forecast for 2026?
Our models put fair value at HK$2.26, about +60% upside versus a price of HK$1.42 (undervalued). Cautious scenario HK$1.42, optimistic scenario HK$3.11. The calculation is refreshed regularly with new filings.
What is the revenue of Asia Cement China Holdings Corp (0743)?
Asia Cement China Holdings Corp reported trailing-twelve-month revenue of about 4.7B CNY (latest available figure, as of Nov 11, 2026).
Does Asia Cement China Holdings Corp pay a dividend?
Asia Cement China Holdings Corp currently shows a dividend yield of 2.40% relative to its recent price (as of Nov 11, 2026).
How much is the dividend of Asia Cement China Holdings Corp (0743) and when is the ex-dividend date?
Asia Cement China Holdings Corp pays a dividend of HK$0.034 per share a year, a dividend yield of 2.4%. The last ex-dividend date was Jun 5, 2026. The payout ratio is 52.8% of earnings. Our assessment: Watch coverage. The dividend isn’t fully covered by free cash flow or earnings, part of it is funded from reserves or debt. Fine for now, but worth watching: if it stays uncovered, the dividend could be cut.
What is the intrinsic value of Asia Cement China Holdings Corp (0743)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Asia Cement China Holdings Corp it is HK$2.26 per share (as of Nov 11, 2026), against a price of HK$1.42. It is the blended result of 12 valuation models in 5 families (Earnings-Based, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is Asia Cement China Holdings Corp stock overvalued or undervalued in 2026?
As of Nov 11, 2026, 0743 trades below its calculated fair value: price HK$1.42, fair value HK$2.26, a gap of about +60% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 0743?
No. The price is what the market pays today (HK$1.42); the fair value is what the company's own numbers justify (HK$2.26). For Asia Cement China Holdings Corp the two are HK$0.8490 per share apart. That gap is exactly why we show both numbers side by side.
How much is Asia Cement China Holdings Corp worth?
The market values Asia Cement China Holdings Corp at about HK$2.2B (market capitalisation, as of Nov 11, 2026). Per share that is HK$1.42; our models calculate a fair value of HK$2.26 per share.
What do the bullish and bearish scenarios say about 0743?
Our models span a range for Asia Cement China Holdings Corp: cautious scenario HK$1.42, base HK$2.26, optimistic HK$3.11 per share (as of Nov 11, 2026, price HK$1.42). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the PEG ratio of 0743?
The PEG ratio of Asia Cement China Holdings Corp is 5.31 (P/E divided by earnings growth, as of Nov 11, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Asia Cement China Holdings Corp (0743)?
Balance-sheet figures for Asia Cement China Holdings Corp (as of Nov 11, 2026): return on equity −2.2%. They feed the Quality Score of 45/100, which measures business quality independently of the share price.
How far is 0743 from its 52-week high?
Asia Cement China Holdings Corp trades at HK$1.42, about 46% below its 52-week high of HK$2.60 and 1% above the low of HK$1.40 (as of Nov 13, 2026). Distance from the high says nothing about value: that is what the fair value of HK$2.26 is for.
Which stocks are comparable to Asia Cement China Holdings Corp?
From the same area (Basic Materials) we also value CRH plc, Holcim AG, Martin Marietta Materials, Inc, Vulcan Materials Company, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Asia Cement China Holdings Corp stock attractive at the current price?
The data as of Nov 11, 2026: price HK$1.42, calculated fair value HK$2.26 (+60%), Quality Score 45/100, from 12 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 0743 calculated?
We run Asia Cement China Holdings Corp through 12 models from 5 families: Earnings-Based, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of HK$2.26 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.1% above its aggregate fair value. Asia Cement China Holdings Corp currently trades 38% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Asia Cement China Holdings Corp (0743)?
The closing price on Nov 13, 2026 was HK$1.42. Our model-based fair value is HK$2.26, about +60% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Asia Cement China Holdings Corp right now?
The large discount to fair value meets weak quality (45/100). That raises the risk this is a value trap rather than a bargain. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. A fairly wide model range (HK$1.42 to HK$3.11) leaves room in how you read the outcome.
Key figures of Asia Cement China Holdings Corp
How large is the market capitalisation of Asia Cement China Holdings Corp (0743)?
The market capitalisation of Asia Cement China Holdings Corp is HK$2.2B (≈ $285M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Asia Cement China Holdings Corp (0743)?
The price-to-sales ratio of Asia Cement China Holdings Corp is 0.48 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Asia Cement China Holdings Corp (0743)?
Earnings per share at Asia Cement China Holdings Corp are HK$−0.1104. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Asia Cement China Holdings Corp (0743)?
The dividend yield of Asia Cement China Holdings Corp is 2.4%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Asia Cement China Holdings Corp (0743)?
The net margin of Asia Cement China Holdings Corp is 1.7% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Asia Cement China Holdings Corp (0743)?
The return on equity (ROE) of Asia Cement China Holdings Corp is −2.2% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Asia Cement China Holdings Corp (0743)?
On an EBIT basis the return on assets of Asia Cement China Holdings Corp is 3.7% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Asia Cement China Holdings Corp (0743)?
The operating margin of Asia Cement China Holdings Corp is −22.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Asia Cement China Holdings Corp (0743)?
Revenue at Asia Cement China Holdings Corp is down 16.0% versus a year earlier (3y avg −19.0%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Asia Cement China Holdings Corp (0743)?
Earnings per share at Asia Cement China Holdings Corp are down 17.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Asia Cement China Holdings Corp (0743) generate?
The free cash flow of Asia Cement China Holdings Corp is −359M CNY (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Asia Cement China Holdings Corp (0743) carry?
The net debt of Asia Cement China Holdings Corp is 459M CNY (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Why does Asia Cement China Holdings Corp not meet the fair value rule although the fair value shown is higher?
Trough year lifted: HK$1.36 → HK$2.26. The latest year was a trough or loss year. So we calculate with a normal year: HK$2.26 instead of HK$1.36. As in the backtest, the fair value rule checks the value before: -4% against the price.
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Thin data
Nov 11, 2026