TCC Group (1101B) Fair Value & Analysis

Basic Materials · TW · Market cap 199B TWD

Below-average quality, and screening another 76% overvalued on our models.

What matters now

• The price sits above even our optimistic bull case (19.25 TWD). The favourable scenario is already priced in.
• Weak quality (33/100) and above fair value at the same time, the margin of safety is missing on both counts.
• A fairly wide model range (10.48 TWD to 19.25 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 Jul 17, 2026.

How to read this chart

60‑month range 40.07 TWD – 44.72 TWD · fair‑value band 10.48 TWD – 19.25 TWD · the 43.40 TWD price screens above the 10.48 TWD fair value. Dashed = 300-day average. As of Jul 17, 2026.

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Analysis

TCC Group (1101B) currently trades at 43.40 TWD, while our model-based Fair Value estimate is 10.48 TWD, implying the stock looks roughly 75.9% overvalued today. The Quality Score stands at 33/100 (below-average quality), in the Basic Materials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).

Over the trailing twelve months, TCC Group generated revenue of 148B TWD at a net margin of -7.7%. Revenue declined 5.1% year over year. It earns a return on equity of -3.7%. Net debt stands at 116B TWD. Fundamentals as of Jul 17, 2026

Our scenario range runs from 10.48 TWD (bear case) to 19.25 TWD (bull case); at 43.40 TWD, the current price sits above 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 7% below its 52-week high, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -59% fair-value upside, at -76%, 1101B screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted 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.

Widest divergence: Asset-Based (30.42 TWD) versus Earnings-Based (1.73 TWD). Highest evidence: Growth DCF (80).

Key figures & financial health

Quality Score breakdown

About the company

TCC Group Holdings Co., Ltd. manufactures and markets cement, cement-related products, and ready-mixed concrete in Asia, Europe, and Africa. It operates through Cement, Electricity and Energy, Social Aspect of Energy Transition, and Other segments.

Full company description

TCC Group Holdings Co., Ltd. manufactures and markets cement, cement-related products, and ready-mixed concrete in Asia, Europe, and Africa. It operates through Cement, Electricity and Energy, Social Aspect of Energy Transition, and Other segments. The company is also involved in the thermal and renewable energy generation; and land and marine transportation business, and production and sale of refractory materials, etc. In addition, it provides engineering, property leasing and development, energy technology, information software design, software development, business consulting, mining excavation, waste collection and treatment, biomass technical, biomass fuel processing, crop straw treatment, import and export trading, resource recycling service technical consultation, tourism and recreation, software product and equipment maintenance, parking management, and property management services, as well as services for accommodation, catering, and health and entertainment. Further, the company engages in the warehousing, transportation, filtering, and sale of sand and gravel; manufacturing and sale of energy storage equipment, batteries, power generation machinery, and electronic components; operation of energy storage and electric vehicle charging stations; sale, import, and export of charging and storage equipment; and sale of charging piles and building materials, as well as intelligent power transmission, distribution and control equipment. Additionally, it is involved in the recycle resource technology development and consultation, business management, and sale activities; biomass solid recovered fuel sales; service of port facility; environmental protection material processing, manufacturing, and operation and related activities; and manufacturing of mortars and paper bags. The company was formerly known as Taiwan Cement Corp. TCC Group Holdings Co., Ltd. was incorporated in 1946 and is headquartered in Taipei, Taiwan.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

TCC Group reported revenue of 150B TWD in FY2025 versus 107B TWD in FY2021, a compound +8.8%/yr. Reported net income was −11.6B TWD in FY2025.

1101B screens 76% overvalued. Compare with CRH plc →

Peer Group

Building Materials · 254 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

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.

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

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Frequently asked questions

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.