Obermatt

Asia Cement

TAI:1102 · TW0001102002
Construction MaterialsMedium

360

29
EV / EBIT13
Price / Owner Earnings56
Owner Earnings Yield81
Dividend Yield97
Price/Sales34
EV / Gross Profit4
Price/Book81
Return on Capital7
Cash Return on Capital51
Return on Equity32
EBIT Margin49
Gross Profitability1
Cash Conversion32
Accruals59
Owner Earnings Margin83
Sales growth14
Profit Growth84
Long-Term EPS Growth19
Owner Earnings Growth49
Reinvestment49
Price momentum19
Debt load58
Refinancing30
Debt Payback65
Liquidity55
Analyst ratings31
Opinion Changes50
Price Target Upside34
Market mood93
Value Creation6/20not creating 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

Asia Cement doesn't consistently earn more than its cost of capital, so it isn't yet creating shareholder value.

Profile

CountryTaiwan
IndustryConstruction Materials
SizeMedium
TypePublic Company
ExchangeTWSE
Founded1957
Websiteacc.com.tw
ISINTW0001102002
Last UpdateApr 2, 2026
Themes
Onshore and Offshore WindClimateTech

Description

Asia Cement Corporation engages in the manufacturing and selling cement, clinker, ready-mixed concrete, and cement related products in China, Taiwan, and internationally. The company operates through key subsidiaries focused on Asia Cement Ready-Mixe…

Analysis

Middle-of-the-road

Asia Cement Corporation 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 12.1× its owner earnings: the cash an owner could take out each year, which is in the historically attractive zone.

The trajectory is tepid and the balance sheet is adequate. The company scores 6/20 on our value-creation score: not creating value.

Nothing is flagged here: no red or amber gates, no divergence between profits and cash. That is itself information: the numbers are straightforward. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
73
2023202420252026

All-time high

91

Jan 2023

All-time low

34

Jan 2024

Average rank

59

across all years

Detailed & Historical Ranks

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

Current202520242023
Price/Sales
34
19
16
21
Price/Earnings
54
35
41
51
Price/Book
81
53
58
57
Dividend Yield
97
87
93
94
Value (overall)
82
45
46
51

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

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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 →