|Bid||32.75 x 0|
|Ask||32.76 x 0|
|Day's Range||32.24 - 32.88|
|52 Week Range||30.85 - 49.80|
|Beta (5Y Monthly)||0.65|
|PE Ratio (TTM)||5.36|
|Earnings Date||Aug 25, 2022|
|Forward Dividend & Yield||2.38 (7.28%)|
|Ex-Dividend Date||Jun 21, 2022|
|1y Target Est||42.82|
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APNHY, AHCHY, and AMK have been added to the Zacks Rank #5 (Strong Sell) List on July 11, 2022.
ACER, AHCHY, and AVVID have been added to the Zacks Rank #5 (Strong Sell) List on June 15, 2022.
Anhui Conch has increased its shareholding in WCC to 27.1% as of the end of 2021, from 21.1% as of the end of 2020.At the same time, WCC's rating is constrained by the cyclical nature of the cement industry, the execution risks in its expansion, its developing operating scale, and limited diversification in terms of product and market coverage.These risks are partially tempered by favorable industry conditions in WCC's markets, where cement supply is constrained due to regulatory and environmental factors. This concentrated shareholding risk is partially tempered by WCC's listing status and the fact that Anhui Conch, which held a 27.1% stake in the company as of the end of 2021, has two seats on its board.FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGSThe stable rating outlook reflects Moody's expectation that WCC will continue to generate healthy cash flow and maintain prudent financial management and adequate liquidity.Moody's could upgrade WCC's rating if the company increases its scale and geographic diversification; and maintains a sound capital structure, such that its debt/EBITDA stays below 2.0x, and adequate liquidity to cover its refinancing, expansion and shareholder distribution.On the other hand, downward rating pressure could emerge if WCC's financial and/or liquidity position weaken because of falling revenue, rising costs, aggressive acquisitions or unexpected shareholder distributions.Financial indicators of a rating downgrade include debt/EBITDA exceeding 3.0x-3.5x or adjusted debt/capitalization exceeding 50% on a sustained basis.The principal methodology used in these ratings was Building Materials published in September 2021 and available at https://www.moodys.com/researchdocumentcontentpage.aspx?docid=PBC_1287900.