Asia Cement Corporation (1102) Fair Value & Analysis
Basic Materials · TW · Market cap 125B TWD
Fair value as of: Jul 15, 2026
From 26 valuation models · updated 26 days ago
Share price −8.2% over the past month.
A solid business, screening 13% undervalued on our models.
What matters now
- A fairly wide model range (22.54 TWD to 44.80 TWD) leaves room in how you read the outcome.
- Our model range runs from 22.54 TWD (bear) to 44.80 TWD (bull), base 37.27 TWD. The closer the price sits to the lower half, the larger the margin of safety.
- Quality 53/100 (solid quality) with medium evidence: read the verdict with care.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 15, 2026.
How to read this chart
60‑month range 32.40 TWD – 47.75 TWD · fair‑value band 22.54 TWD – 44.80 TWD · the 32.85 TWD price screens below the 37.27 TWD fair value. Dashed = 300-day average. As of Jul 15, 2026.
Analysis
Asia Cement Corporation (1102) currently trades at 32.85 TWD, while our model-based Fair Value estimate is 37.27 TWD, implying the stock looks roughly 13.5% undervalued today. The Quality Score stands at 53/100 (solid quality), in the Basic Materials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium), always confirm before acting.
Over the trailing twelve months, Asia Cement Corporation 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 Jul 15, 2026
Our scenario range runs from 22.54 TWD (bear case) to 44.80 TWD (bull case); at 32.85 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 26% below its 52-week high and 1% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -59% fair-value upside, at 13%, 1102 screens cheaper 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.
All 26 models by family
Widest divergence: Growth Earnings (43.42 TWD) versus Economic Profit (9.39 TWD). Highest evidence: Growth DCF (80).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 15, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 51 · Market factors (momentum, volatility) 45
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.
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 Corporation 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.
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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 · 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.
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.
Similar stocks
10 more Building Materials stocks, each showing price versus our Fair Value estimate (as of Jul 15, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| CRH plc CRH | $102.92 | $70.57 | -31% |
| UltraTech Cement Limited ULTRACEMCO | ₹11,711 | ₹4,719 | -60% |
| China Jushi Co 600176 | ¥54.52 | ¥13.95 | -74% |
| Grasim Industries Limited GRASIM | ₹3,073 | ₹1,245 | -59% |
| CEMEX, S.A. CEMEXCPO | 21.71 MXN | 15.42 MXN | -29% |
| Anhui Conch Cement Company 600585 | ¥16.99 | ¥26.14 | +54% |
| Ambuja Cements Limited AMBUJACEM | ₹435.25 | ₹227.96 | -48% |
| Shree Cement Limited SHREECEM | ₹26,930 | ₹8,215 | -69% |
| TCC Group 1101B | 43.70 TWD | 10.48 TWD | -76% |
| Taiwan Glass Ind. Corp 1802 | 53.30 TWD | 13.98 TWD | -74% |
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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.
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