Universal Cement Corporation (1104) Fair Value & Analysis
Basic Materials · TW · Market cap 18.3B TWD
Fair value as of: Jul 21, 2026
From 25 valuation models · updated 20 days ago
Share price −1.8% over the past month.
A solid business, currently priced close to our fair value.
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 (17.39 TWD to 34.80 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 21, 2026.
How to read this chart
60‑month range 17.98 TWD – 36.90 TWD · fair‑value band 17.39 TWD – 34.80 TWD · the 26.60 TWD price screens above the 25.93 TWD fair value. Dashed = 300-day average. As of Jul 21, 2026.
Analysis
Universal Cement Corporation (1104) currently trades at 26.60 TWD, while our model-based Fair Value estimate is 25.93 TWD, implying the stock looks roughly 2.5% fairly valued today. The Quality Score stands at 62/100 (solid 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: high).
Over the trailing twelve months, Universal Cement Corporation generated revenue of 7.8B TWD at a net margin of 22.7%. Revenue declined 8.8% year over year. It earns a return on equity of 7.1%. Net debt stands at 2.0B TWD. Fundamentals as of Jul 21, 2026
Our scenario range runs from 17.39 TWD (bear case) to 34.80 TWD (bull case); at 26.60 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 19% 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 -3%, 1104 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 25 models by family
Widest divergence: Growth Earnings (36.11 TWD) versus Earnings-Based (16.00 TWD). Highest evidence: Growth DCF (80).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 21, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 60 · Market factors (momentum, volatility) 47
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
Universal Cement Corporation, together with its subsidiaries, research, produces, manufactures, and sells cement, ready-mixed concrete, and gypsum board panels in Taiwan. It operates through Building Materials and Others segments.
Full company description
Universal Cement Corporation, together with its subsidiaries, research, produces, manufactures, and sells cement, ready-mixed concrete, and gypsum board panels in Taiwan. It operates through Building Materials and Others segments. The company also offers other building materials; and pressure-sensing technology products, such as flexible electronic pressure sensors, pressure sensor modules, and flexible microelectromechanical pressure sensing instruments for use in industrial inspection, smart healthcare, smart retail, and consumer electronics. In addition, it is involved in marketing, importing, and exporting of cement, cement materials, and fuel; trucking operation; investment activities; and trading and leasing of real estate. Further, the company engages in the marketing of ready-mixed concrete and electronic products; and manufacture and marketing of gravel. Universal Cement Corporation was founded in 1959 and is headquartered in Taipei, Taiwan.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Universal Cement Corporation reported revenue of 7.9B TWD in FY2025 versus 6.1B TWD in FY2021, a compound +6.8%/yr. Reported net income was 1.8B TWD in FY2025, compounding +12.7%/yr from FY2021.
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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 21, 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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