Strong Foundation Fueling Future Growth - BrokerBank
NEW YORK, May 19, 2015 /PRNewswire/ -- Anhui Conch Cement Company Ltd. (OTCBB: AHCHF) a company engaged in the production and sales of cement and commodity clinker that is also the largest single brand supplier all over the world, recently announced FY 2014 financial results highlighting a continued growth in revenues and net profit.
Anhui Conch trades at nine times what it has earned, which seemed more expensive compared to multiples of roughly five times for rivals like China National Building Material's ( 3323.HK ), six times for BBMG Corp ( 2009.HK ), and eight times for China Resources Cement ( 1313.HK ). But Anhui has a far stronger balance sheet, with total debt to total assets at a strong 24% - compared to 64%, 31% and 38%, respectively, for said rivals.
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