Asia Cement Corp (1102) Fair Value & Analysis
Basic Materials · TW · Market cap 125B TWD (≈ $3.9B) · ISIN TW0001102002
What is Asia Cement Corp really worth?
A solid business, currently priced close to our fair value of 35.13 TWD.
Strengths
Risks
Fair value as of: Aug 13, 2026
From 26 valuation models · updated 22 days ago
Fair value updated Aug 13, 2026, revised from 37.27 TWD to 35.13 TWD (−5.7%) since Jul 15, 2026. Share price +7.7% over the past month.
What runs behind every stock
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What matters now
- The price sits close to our fair value, market and models broadly agree here, little valuation tension.
- A fairly wide model range (22.53 TWD to 42.63 TWD) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.
How to read this chart
60‑month range 31.70 TWD – 47.75 TWD · fair‑value band 22.53 TWD – 42.63 TWD · the 35.10 TWD price screens below the 35.13 TWD fair value. Dashed = 300-day average. As of Aug 13, 2026.
Analysis
Asia Cement Corp (1102) currently trades at 35.10 TWD, while our model-based Fair Value estimate is 35.13 TWD, implying the stock looks roughly 0.1% fairly valued today. The Quality Score stands at 53/100 (solid quality), in the Basic Materials sector. Bull case: the Growth Earnings group reads highest at a median of 43.42 TWD per share, and 11 of the 26 models we run sit above the 35.10 TWD price. Bear case: the Economic Profit group reads lowest at 9.39 TWD, and 15 of the 26 models stay below the price. Evidence for this calculation is high.
Over the trailing twelve months, Asia Cement Corp generated revenue of 69.3B TWD at a net margin of 15.2%. Revenue declined 10.6% year over year. It earns a return on equity of 5.3%. Net debt stands at 83.5B TWD. Fundamentals as of Aug 13, 2026
Our scenario range runs from 22.53 TWD (bear case) to 42.63 TWD (bull case); at 35.10 TWD, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 21% below its 52-week high and 8% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at −56% fair-value upside, at 0%, 1102 screens cheaper than that median.
Fair Value models
This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly 2.03 TWD per share, which is 5.8 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.
All 26 models by family
Widest divergence: Growth Earnings (43.42 TWD) versus Economic Profit (9.39 TWD). Highest evidence: FCF DCF (78).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 51 · Market factors (momentum, volatility) 51
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
Asia Cement Corporation engages in the cement business in China and Taiwan. It operates through Cement, Electric Power, Investment, Construction, Transportation, Special Steel, and Leasing segments.
Full company description
Asia Cement Corporation engages in the cement business in China and Taiwan. It operates through Cement, Electric Power, Investment, Construction, Transportation, Special Steel, and Leasing segments. The company is involved in the mining, production, transportation, and sale of cement, cement semi-finished products, cement products, and ready-mixed concrete; and afforestation and leasing activities. It also offers Portland cement, cement paving products, and special specification cement; hearthstone powder; cooked, plaster, and silica sand products. Asia Cement Corporation was incorporated in 1957 and is based in Taipei, Taiwan.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Asia Cement Corp reported revenue of 71.0B TWD in FY2025 versus 89.7B TWD in FY2021, a compound −5.7%/yr. Reported net income was 10.0B TWD in FY2025, compounding −9.7%/yr from FY2021.
of which total revenue +1.2 % · buybacks/dilution +0.1 %
Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).
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Earlier news
External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.
- Asia Cement Wins 2026 AREA Social Empowerment Award and Silver Emblem of Sustainability
- Owner of Asia Cement China Is Said to Consider Take-Private Deal
- The very first move in the cement industry - Asia Cement Corporation's "Full Shore Power" for a Green, Low-Carbon Port
Peer Group
Building Materials · 257 stocks
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.
Valuation Multiples vs Building Materials median · lower = cheaper
Strength profile in five axes (Snowflake)
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Building Materials stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| CRH plc CRH | $96.05 | $69.69 | −27% |
| Holcim AG HOLN | CHF 71.04 | CHF 20.00 | −72% |
| Vulcan Materials Company VMC | $259.69 | $114.48 | −56% |
| UltraTech Cement Limited ULTRACEMCO | ₹11,891 | ₹4,718 | −60% |
| Heidelberg Materials AG HEI | €170.05 | €167.96 | −1% |
| Martin Marietta Materials, Inc MLM | $543.90 | $215.31 | −60% |
| China Jushi Co 600176 | ¥40.56 | ¥13.22 | −67% |
| Amrize AG AMRZ | CHF 37.65 | CHF 29.67 | −21% |
| Grasim Industries Limited GRASIM | ₹3,293 | ₹1,245 | −62% |
| CEMEX, S.A. CX | $11.24 | $11.31 | +1% |
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