Asiacement (183190) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of Asiacement KRW 7,697, price KRW 10,100, upside -23.8%, quality 45 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Watch Asiacement for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card.Watch for freePro now: $1 first month
Asia Cement Co.,Ltd. engages in the manufacture and sale of cement and ready-mixed concrete in South Korea. Its products include Portland cement, dry mortar, special cement, and aggregates.
Show more
Asia Cement Co.,Ltd. engages in the manufacture and sale of cement and ready-mixed concrete in South Korea. Its products include Portland cement, dry mortar, special cement, and aggregates. The company is also involved in the investment in small and medium sized start-ups, and early-stage and emerging companies; cultivation and sale of edible crops, including rice and beans, as well as perennial crops, such as astragalus, barnacles, and cucumbers; and operation of amusement parks. The company was founded in 1965 and is headquartered in Seoul, South Korea. Asia Cement Co.,Ltd. is a subsidiary of Asia Holdings Co., Ltd.
Stock analysis
Asiacement (183190) currently trades at 10,100 KRW, while our model-based Fair Value estimate is 7,697 KRW, 23.8% below the price, so the stock looks overvalued today.
Show more
Valuation
Bull case: the Asset-Based group reads highest at a median of 19,559 KRW per share, and 5 of the 14 models we run sit above the 10,100 KRW price.
Bear case: the Earnings-Based group reads lowest at 3,102 KRW, and 9 of the 14 models stay below the price. Evidence for this calculation is medium.
Scenario range: 5,773 KRW (bear) to 9,622 KRW (bull), the price of 10,100 KRW sits above 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 45/100 (below-average quality), in the Basic Materials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Asiacement reported revenue of 1.0T KRW in FY2025 versus 893B KRW in FY2021, a compound +3.5%/yr. Reported net income was 16.9B KRW in FY2025, compounding −35.0%/yr from FY2021.
Key figures
Market cap 368B KRW (≈ $274M) · P/S ratio 0.33 · Dividend yield 4.0% · Net margin 1.7% · Return on equity 2.0% · Return on assets (EBIT) 5.8% · Operating margin 4.7% · Revenue (TTM) 1.0T KRW.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (medium confidence).
What moves the price
The share trades about 26% below its 52-week high and 17% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −46% fair-value upside, at −24%, 183190 screens cheaper than that median.
Fair Value models
Bear 5,773 KRWFair Value 7,697 KRWBull 9,622 KRW
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model.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.Evidence ⓘEvidence = 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.32/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
−7.9%
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.
−0.6%
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.
+5.4%
Start year 2020 (pandemic). Over 10 years: +8.6% a year
Revenue growth 12 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.
+19.8%
’14
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
What shareholders gained per year (last 5 years), in KRW ⓘ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 KRW: 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.
−38.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year−42.1%
Dividend (yield on the price)4.0%
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.9% → 8%
⚠ Revenue per share shrinking 28.1%/yr over ~6Y (margins intact) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Price, fair value, quality and upside side by side.
Free, no sign-up
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 · 249 stocks
Beats the industry median on 4/10 measures
A mixed picture versus its industry peers.
Valuation
Quality Score45 · Below median
Fair Value upside+66.0% · Top 25%
Profitability
Return on equity (TTM)2.0% · Below median
Return on assets2.3% · Below median
Net margin (TTM)2.0% · Below median
Operating margin (TTM)4.7% · Below median
Growth and dividend
Revenue growth9.1% · Above median
Dividend yield (TTM)4.0% · Above median
Balance sheet
Debt / equity0.39× · Highest 25%
Valuation Multiplesvs Building Materials median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Asiacement Fair Value". https://www.fairvalue-calculator.com/stock/183190
Frequently asked questions
Is Asiacement (183190) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 7,697 KRW versus a price of 10,100 KRW, about −24% upside (overvalued).
What is the fair value of 183190?
Our model-based fair value for Asiacement is 7,697 KRW (as of Sep 24, 2026), built from audited fundamentals. The current price: 10,100 KRW.
What is the quality score of 183190?
Asiacement has a Quality Score of 45/100. 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 Asiacement (183190)?
Our model-based price target is the fair value of 7,697 KRW (as of Sep 24, 2026) from 14 valuation models. Cautious scenario 5,773 KRW, optimistic scenario 9,622 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Asiacement stock forecast for 2026?
Our models put fair value at 7,697 KRW, about −24% upside versus a price of 10,100 KRW (overvalued). Cautious scenario 5,773 KRW, optimistic scenario 9,622 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Asiacement (183190)?
Asiacement reported trailing-twelve-month revenue of about 1.0T KRW (latest available figure, as of Sep 24, 2026).
Does Asiacement pay a dividend?
Asiacement currently shows a dividend yield of about 3.96% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of Asiacement (183190)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Asiacement it is 7,697 KRW per share (as of Sep 24, 2026), against a price of 10,100 KRW. It is the blended result of 14 valuation models (cash flow, earnings, asset, dividend).
Is Asiacement stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 183190 trades above its calculated fair value: price 10,100 KRW, fair value 7,697 KRW, a gap of about −24% (overvalued). 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 183190?
No. The price is what the market pays today (10,100 KRW); the fair value is what the company's own numbers justify (7,697 KRW). For Asiacement the two are 2,403 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Asiacement worth?
The market values Asiacement at about 368B KRW (market capitalisation, as of Sep 24, 2026). Per share that is 10,100 KRW; our models calculate a fair value of 7,697 KRW per share.
What do the bullish and bearish scenarios say about 183190?
Our models span a range for Asiacement: cautious scenario 5,773 KRW, base 7,697 KRW, optimistic 9,622 KRW per share (as of Sep 24, 2026, price 10,100 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Asiacement (183190)?
Balance-sheet figures for Asiacement (as of Sep 24, 2026): return on equity 2.0%, debt of 0.39 per unit of equity. They feed the Quality Score of 45/100, which measures business quality independently of the share price.
How far is 183190 from its 52-week high?
Asiacement trades at 10,100 KRW, about 26% below its 52-week high of 13,740 KRW and 17% above the low of 8,660 KRW (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of 7,697 KRW is for.
Which stocks are comparable to Asiacement?
From the same area (Basic Materials) we also value CRH plc, Holcim AG, Martin Marietta Materials, Inc, UltraTech Cement Limited, 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 Asiacement stock attractive at the current price?
The data as of Sep 24, 2026: price 10,100 KRW, calculated fair value 7,697 KRW (−24%), Quality Score 45/100, from 14 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 183190 calculated?
We run Asiacement through 14 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 7,697 KRW, 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 14.5 % above its aggregate fair value. Asiacement itself currently trades above fair value. 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 Asiacement (183190)?
The closing price on Oct 2, 2026 was 10,100 KRW. Our model-based fair value is 7,697 KRW, about −24% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Asiacement right now?
The price sits above even our optimistic bull case (9,622 KRW). The favourable scenario is already priced in. Solid but not exceptional quality (45/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of Asiacement
How large is the market capitalisation of Asiacement (183190)?
The market capitalisation of Asiacement is 368B KRW (≈ $274M). 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 Asiacement (183190)?
The price-to-sales ratio of Asiacement is 0.33 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the dividend yield of Asiacement (183190)?
The dividend yield of Asiacement is 4.0%. 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 Asiacement (183190)?
The net margin of Asiacement is 1.7% (fiscal year 2025). 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 Asiacement (183190)?
The return on equity (ROE) of Asiacement is 2.0% (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 Asiacement (183190)?
On an EBIT basis the return on assets of Asiacement is 5.8% (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 Asiacement (183190)?
The operating margin of Asiacement is 4.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Asiacement (183190)?
Revenue at Asiacement is growing +9.1% versus a year earlier (3y avg −0.6%). 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 Asiacement (183190)?
Earnings per share at Asiacement are growing +469% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Asiacement (183190) generate?
The free cash flow of Asiacement is −40.9B KRW (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Asiacement (183190) carry?
The net debt of Asiacement is 537B KRW (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed
Watch Asiacement in the live analysis
One click puts Asiacement on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.
