Siam City Cement Public Company Limited (SCCC) fair value: what the stock is really worth
As of Nov 13, 2026: fair value (intrinsic value) of Siam City Cement Public Company Limited stock THB 199, price THB 153, upside +30.7%, quality 64 out of 100. Rating: undervalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 9, 2026.
How to read this chart
60‑month range 104.43 THB – 155.50 THB · fair‑value band 149.47 THB – 249.11 THB · the 152.50 THB price screens below the 199.29 THB fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 9, 2026.
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Siam City Cement Public Company Limited, together with its subsidiaries, manufactures, imports, exports, and sells cement and cement related products in Thailand, Vietnam, Sri Lanka, Singapore, Australia, Cambodia, Bangladesh, Indonesia, India, Dubai, and internationally.
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It operates through five segments: Cement, Concrete and Aggregate, Waste Management and Industrial Services, Light Building Materials, and Energy.
The company offers mortar/dry mixed, concrete, aggregate, superblock, and conwood products; and tile adhesive products, fiber cement for wood replacement products, and light weight autoclaved aerated concrete blocks and panels, as well as ready-mixed concrete and aggregates.
It also provides industrial waste disposal, alternative fuel, raw material trading, industrial cleaning, technical, and information technology management and development services; generates electricity from waste heat and solar resources; offers investment, and power generation and distribution services; and produces and distributes coal and ethanol.
The company was founded in 1969 and is headquartered in Bangkok, Thailand. Siam City Cement Public Company Limited is a subsidiary of Sunrise Equity Company Limited.
Stock analysis
Siam City Cement Public Company Limited (SCCC) currently trades at 152.50 THB, while our model-based Fair Value estimate is 199.29 THB, implying the stock looks roughly 23% undervalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of 243.49 THB per share, and 20 of the 26 models we run sit above the 152.50 THB price.
Bear case: the Asset-Based group reads lowest at 29.38 THB, and 6 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: 149.47 THB (bear) to 249.11 THB (bull), the price of 152.50 THB sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 64/100 (solid quality), in the Basic Materials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Siam City Cement Public Company Limited reported revenue of 54.2B THB in FY2025 versus 41.7B THB in FY2021, a compound +6.8%/yr. Reported net income was 3.5B THB in FY2025, compounding −4.8%/yr from FY2021.
Key figures
Market cap 45.4B THB (≈ $1.3B) Small · P/E ratio 11.0 · P/S ratio 0.83 · EPS (TTM) 13.90 THB · Dividend yield 7.2% · Net margin 7.5% · Return on equity 12.0% · Return on assets (EBIT) 6.6% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 2% below its 52-week high and 17% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −20% fair-value upside, at 31%, SCCC screens cheaper than that median.
Fair Value models
Bear149.47 THBFair Value 199.29 THBBull249.11 THB
Price 152.50 THB · Upside +30.7%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (2.52 THB per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.74/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+23.8%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+2.6%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+5.2%
Start year 2020 (pandemic). Over 10 years: +5.7% a year
Revenue growth 25 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+5.5%
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What shareholders gained per year (last 5 years), in THB ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in THB: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+6.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year−1.0%
Dividend (yield on the price)7.2%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−1.0% vs −4.8%, picking up
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.13% → 11%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+1.2%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Thailand: IMF forecast 1.2% a year to 2030, 1.1% from 2016 to 2025) that is about 0.0% a year for the price.
Compare Siam City Cement Public Company Limited with another stock
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Peer Groupⓘ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.Building Materials · 267 stocks
Beats the industry median on 13/15 measures
Overall it ranks above its industry peers.
Valuation
Quality Score64 · Top 25%
Fair Value upside+30.7% · Top 25%
Profitability
Return on equity (12 months)12.0% · Top 25%
Return on assets4.5% · Above median
Net margin (12 months)7.5% · Above median
Operating margin (12 months)15.7% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)7.9% · Above median
Dividend yield (12 months)7.2% · Top 25%
Balance sheet
Debt / equity0.36× · Highest 25%
Valuation Multiplesvs Building Materials median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Siam City Cement Public Company Limited Fair Value". https://www.fairvalue-calculator.com/stock/SCCC
Frequently asked questions
Is Siam City Cement Public Company Limited (SCCC) overvalued or undervalued?
As of Nov 9, 2026, our model estimates a fair value of 199.29 THB versus a price of 152.50 THB, about +31% upside (undervalued).
What is the fair value of SCCC?
Our model-based fair value for Siam City Cement Public Company Limited is 199.29 THB (as of Nov 9, 2026), built from audited fundamentals. The current price: 152.50 THB.
What is the quality score of SCCC?
Siam City Cement Public Company Limited has a Quality Score of 64/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Siam City Cement Public Company Limited (SCCC)?
Our model-based price target is the fair value of 199.29 THB (as of Nov 9, 2026) from 26 valuation models. Cautious scenario 149.47 THB, optimistic scenario 249.11 THB. It is a calculation from audited fundamentals, not an analyst target.
What is the Siam City Cement Public Company Limited stock forecast for 2026?
Our models put fair value at 199.29 THB, about +31% upside versus a price of 152.50 THB (undervalued). Cautious scenario 149.47 THB, optimistic scenario 249.11 THB. The calculation is refreshed regularly with new filings.
What is the revenue of Siam City Cement Public Company Limited (SCCC)?
Siam City Cement Public Company Limited reported trailing-twelve-month revenue of about 55.1B THB (latest available figure, as of Nov 9, 2026).
Does Siam City Cement Public Company Limited pay a dividend?
Siam City Cement Public Company Limited currently shows a dividend yield of 7.21% relative to its recent price (as of Nov 9, 2026).
How much is the dividend of Siam City Cement Public Company Limited (SCCC) and when is the ex-dividend date?
Siam City Cement Public Company Limited pays a dividend of 11.00 THB per share a year, a dividend yield of 7.2%. The last ex-dividend date was Aug 18, 2026. A dividend has been paid every year since 2001. The payout ratio is 79.1% of earnings. Free cash flow covers the dividend 1.71 times. Our assessment: Sustainable. Payout and cash coverage both look sustainable.
What growth is priced into Siam City Cement Public Company Limited (SCCC)?
For today's price to be fair in a discounted-cash-flow model, Siam City Cement Public Company Limited would have to grow free cash flow by +1.2 % per year for five years (discount rate 11.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +5.2 % per year. As of Nov 9, 2026.
What discount rate (WACC) does the fair value of SCCC use?
Our models discount Siam City Cement Public Company Limited at 11.6 %: a base by market capitalisation (small), damped by beta 0.25, country premium for Thailand. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Siam City Cement Public Company Limited that is +1.2 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (11.6 %) and the same formula as our fair value.
How much growth has Siam City Cement Public Company Limited (SCCC) delivered so far?
Over the past 5 years revenue at Siam City Cement Public Company Limited grew +5.2 % a year. The price currently implies free-cash-flow growth of +1.2 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Siam City Cement Public Company Limited (SCCC) growing?
The median revenue growth in the sector is +8.7 % a year. That is the yardstick for the growth priced into Siam City Cement Public Company Limited (+1.2 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Siam City Cement Public Company Limited (SCCC)?
The free-cash-flow yield on the price is 12.30 %: that much free cash flow Siam City Cement Public Company Limited produces per unit of market value. When it exceeds the discount rate of our models (11.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Siam City Cement Public Company Limited (SCCC)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Siam City Cement Public Company Limited it is 199.29 THB per share (as of Nov 9, 2026), against a price of 152.50 THB. It is the blended result of 26 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Siam City Cement Public Company Limited stock overvalued or undervalued in 2026?
As of Nov 9, 2026, SCCC trades below its calculated fair value: price 152.50 THB, fair value 199.29 THB, a gap of about +31% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of SCCC?
No. The price is what the market pays today (152.50 THB); the fair value is what the company's own numbers justify (199.29 THB). For Siam City Cement Public Company Limited the two are 46.79 THB per share apart. That gap is exactly why we show both numbers side by side.
How much is Siam City Cement Public Company Limited worth?
The market values Siam City Cement Public Company Limited at about 45.4B THB (market capitalisation, as of Nov 9, 2026). Per share that is 152.50 THB; our models calculate a fair value of 199.29 THB per share.
What do the bullish and bearish scenarios say about SCCC?
Our models span a range for Siam City Cement Public Company Limited: cautious scenario 149.47 THB, base 199.29 THB, optimistic 249.11 THB per share (as of Nov 9, 2026, price 152.50 THB). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of SCCC?
Siam City Cement Public Company Limited trades at a price-to-earnings ratio of 11.0 (as of Nov 9, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 199.29 THB is built from several models across several years. Median P/E at fiscal year-end, 9 fiscal years (2017 to 2025), reported earnings, FY2025 ex one-offs: 15.1. Other multiples: PEG 1.1, P/B 1.4, P/S 0.8, EV/EBITDA 4.7.
What is the PEG ratio of SCCC?
The PEG ratio of Siam City Cement Public Company Limited is 1.06 (P/E divided by earnings growth, as of Nov 9, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Siam City Cement Public Company Limited (SCCC)?
Balance-sheet figures for Siam City Cement Public Company Limited (as of Nov 9, 2026): return on equity 12.0%, debt of 0.36 per unit of equity. They feed the Quality Score of 64/100, which measures business quality independently of the share price.
How far is SCCC from its 52-week high?
Siam City Cement Public Company Limited trades at 152.50 THB, about 2% below its 52-week high of 155.50 THB and 17% above the low of 130.39 THB (as of Nov 13, 2026). Distance from the high says nothing about value: that is what the fair value of 199.29 THB is for.
Which stocks are comparable to Siam City Cement Public Company Limited?
From the same area (Basic Materials) we also value CRH plc, Holcim AG, Martin Marietta Materials, Inc, Vulcan Materials Company, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Siam City Cement Public Company Limited stock attractive at the current price?
The data as of Nov 9, 2026: price 152.50 THB, calculated fair value 199.29 THB (+31%), Quality Score 64/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of SCCC calculated?
We run Siam City Cement Public Company Limited through 26 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 199.29 THB builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.3% above its aggregate fair value. Siam City Cement Public Company Limited currently trades 23% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Siam City Cement Public Company Limited (SCCC)?
The closing price on Nov 13, 2026 was 152.50 THB. Our model-based fair value is 199.29 THB, about +31% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Siam City Cement Public Company Limited right now?
Solid quality (64/100) at a price below fair value, the discount is the argument here, not the business quality. The price sits in the lower half of our model range, the side with the larger margin of safety. The data supports the verdict: every model runs on fully documented inputs.
Where does the earnings growth of Siam City Cement Public Company Limited (SCCC) come from?
Earnings per share at Siam City Cement Public Company Limited grew −4.2 % a year from 2014 to 2025. Broken into its drivers: revenue per share +1.6 %, EBIT margin −5.0 %, tax rate −0.4 %, residual (interest, one-offs) −0.3 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Siam City Cement Public Company Limited
How large is the market capitalisation of Siam City Cement Public Company Limited (SCCC)?
The market capitalisation of Siam City Cement Public Company Limited is 45.4B THB (≈ $1.3B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Siam City Cement Public Company Limited (SCCC)?
The price-to-sales ratio of Siam City Cement Public Company Limited is 0.83 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Siam City Cement Public Company Limited (SCCC)?
Earnings per share at Siam City Cement Public Company Limited are 13.90 THB (price ÷ EPS = P/E 11.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Siam City Cement Public Company Limited (SCCC)?
The dividend yield of Siam City Cement Public Company Limited is 7.2% (payout 79.1%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Siam City Cement Public Company Limited (SCCC)?
The net margin of Siam City Cement Public Company Limited is 7.5% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Siam City Cement Public Company Limited (SCCC)?
The return on equity (ROE) of Siam City Cement Public Company Limited is 12.0% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Siam City Cement Public Company Limited (SCCC)?
On an EBIT basis the return on assets of Siam City Cement Public Company Limited is 6.6% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Siam City Cement Public Company Limited (SCCC)?
The operating margin of Siam City Cement Public Company Limited is 15.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Siam City Cement Public Company Limited (SCCC)?
Revenue at Siam City Cement Public Company Limited is growing +7.9% versus a year earlier (3y avg +2.6%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Siam City Cement Public Company Limited (SCCC)?
Earnings per share at Siam City Cement Public Company Limited are growing +30.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Siam City Cement Public Company Limited (SCCC) carry?
The net debt of Siam City Cement Public Company Limited is 16.0B THB (fiscal year 2025, ≈ 2.9 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Broad data
Nov 9, 2026