Obermatt

Siam Cement

SET:SCC · TH0003010Z04
Construction MaterialsLarge

360

17
EV / EBIT1
Price / Owner Earnings67
Owner Earnings Yield64
Dividend Yield73
Price/Sales82
EV / Gross Profit28
Price/Book87
Return on Capital1
Cash Return on Capital42
Return on Equity20
EBIT Margin1
Gross Profitability10
Cash Conversion59
Accruals79
Owner Earnings Margin57
Sales growth70
Profit Growth88
Long-Term EPS Growth97
Owner Earnings Growth59
Reinvestment76
Price momentum75
Debt load15
Refinancing80
Debt Payback23
Liquidity9
Analyst ratings11
Opinion Changes54
Price Target Upside4
Market mood48
Value Creation8/20creating some value
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Siam Cement clears its cost of capital, but the record is mixed across the five tests. Real value creation, just not yet consistent.

Profile

CountryThailand
IndustryConstruction Materials
SizeLarge
TypePublic Company
ExchangeSET
Employees2,818
Websitescg.com
ISINTH0003010Z04
Last UpdateApr 2, 2026
Themes
CleanTechDisposal and RecyclingPackaging ServicesGreen Consumer Goods3D Printing

Description

The Siam Cement Public Company Limited (Siam Cement or the Company) (together with its subsidiaries, the Group or Siam Cement Group) is a diversified company, which began its operations in the twenty-first Century as a restructured, refocused group o…

Analysis

Middle-of-the-road

The Siam Cement Public Company Limited is a middle-of-the-road business: neither the economics nor the price stand out from the peer group.

The price is attractive. You pay 10.6× its owner earnings: the cash an owner could take out each year, which is in the historically attractive zone. At today's price, the market is assuming roughly -2% yearly growth; analysts expect 34%. The price, in other words, assumes less than the experts do.

The trajectory is solid and the balance sheet is fragile. The company scores 8/20 on our value-creation score: creating some value. Analyst sentiment is cautious.

What to watch: The financial cushion is thinner than comfortable. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
60
2023202420252026

All-time high

82

Oct 2023

All-time low

8

Jan 2026

Average rank

43

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
82
73
69
66
Price/Earnings
43
53
65
69
Price/Book
87
88
73
73
Dividend Yield
73
79
69
68
Value (overall)
77
87
61
57

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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The companies this stock is ranked against.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →