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Siam City Cement Public Company (SCCC) Fair Value & Analysis

Basic Materials · TH · Market cap 44.3B THB

SC Siam City Cement Public Company SCCC · BK
Price153.50 THB
Fair Value199.29 THB
Upside+29.8%
Quality62/100
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Healthy Growth
Thin margins · 7.1% net margin
Low debt · generates free cash flow
7.38% dividend yield
Ranks above peers (11/15)
Moderate moat 48/100
Evidence: Medium Range 149.47 THB – 249.11 THB Share as image

Fair value as of: Aug 13, 2026

From 26 valuation models · updated yesterday

Share price +3.0% over the past month.

A solid business, screening 30% undervalued on our models.

What matters now

  • Solid quality (62/100) at a price below fair value, the discount is the argument here, not the business quality.
  • Our model range runs from 149.47 THB (bear) to 249.11 THB (bull), base 199.29 THB. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 62/100 (solid quality) with medium evidence: read the verdict with care.
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Price vs Fair Value (5 years)

157.83 THB 107.21 THB Fair Value 199.29 THB Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range 107.21 THB – 157.83 THB · fair‑value band 149.47 THB – 249.11 THB · the 153.50 THB price screens below the 199.29 THB fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

Full chart & analysis →

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Analysis

Siam City Cement Public Company (SCCC) currently trades at 153.50 THB, while our model-based Fair Value estimate is 199.29 THB, implying the stock looks roughly 29.8% undervalued today. The Quality Score stands at 62/100 (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, Siam City Cement Public Company generated revenue of 54.0B THB at a net margin of 7.1%. Revenue declined 2.8% year over year. It earns a return on equity of 10.1%. Net debt stands at 16.0B THB. Fundamentals as of Aug 13, 2026

Our scenario range runs from 149.47 THB (bear case) to 249.11 THB (bull case); at 153.50 THB, 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 near its 52-week high and 19% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -60% fair-value upside, at 30%, SCCC 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.

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. Evidence
Highest evidence
Growth DCF 192.10 THB 287.97 THB 422.78 THB 80
Residual Income 97.84 THB 109.93 THB 162.77 THB 76
Rev-Margin DCF 168.42 THB 273.53 THB 391.39 THB 74
All 26 models by family
DCF Models
FCF DCF 187.54 THB 293.86 THB 451.91 THB 38
Owner Earnings 171.93 THB 270.26 THB 416.44 THB 31
5Y Revenue Exit 168.42 THB 272.28 THB 402.39 THB 39
5Y EBITDA Exit 215.98 THB 359.51 THB 523.91 THB 41
5Y P/E Exit 138.70 THB 217.75 THB 298.11 THB 38
10Y Revenue Exit 167.89 THB 263.46 THB 386.89 THB 36
10Y EBITDA Exit 203.57 THB 323.40 THB 477.99 THB 37
10Y P/E Exit 154.69 THB 226.00 THB 308.72 THB 35
Earnings-Based
Graham-Dodd 79.72 THB 224.21 THB 295.02 THB 54
Lynch FV 45.38 THB 64.83 THB 84.28 THB 50
PEG = 1.0 45.38 THB 64.83 THB 84.28 THB 46
EPV 125.74 THB 150.06 THB 171.35 THB 59
Dividend Discount
Gordon GGM 125.90 THB 261.77 THB 415.26 THB 70
DDM Multi-Stage 125.90 THB 199.41 THB 274.73 THB 61
Multiples
P/E Multiple 149.47 THB 199.29 THB 249.11 THB 63
P/S Multiple 149.47 THB 199.29 THB 249.11 THB 58
P/B Multiple 149.47 THB 199.29 THB 249.11 THB 55
EV/EBIT 196.80 THB 269.13 THB 341.47 THB 53
EV/EBITDA 264.55 THB 359.47 THB 454.39 THB 54
EV/Revenue 167.86 THB 248.46 THB 329.07 THB 43
Asset-Based
NCAV (Graham) 54.02 THB 72.39 THB 108.05 THB 50
Growth DCF
Growth DCF 192.10 THB 287.97 THB 422.78 THB 80
Rev-Margin DCF 168.42 THB 273.53 THB 391.39 THB 74
Economic Profit
Residual Income 97.84 THB 109.93 THB 162.77 THB 76
ROIC Compounder 129.50 THB 167.56 THB 213.96 THB 72
Growth Earnings
Growth-Adj P/E 122.07 THB 174.38 THB 226.70 THB 68

Widest divergence: Growth DCF (273.53 THB) versus Earnings-Based (64.83 THB). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 54.0B THB
Revenue growth (YoY) -2.8%
Net margin 7.1%
Return on equity 10.1%
Free cash flow 5.6B THB FY2025
P/E ratio 11.9
More key figures
Operating margin 14.5%
EPS (TTM) 12.91 THB
Dividend yield 7.5%
EPS growth (YoY) +34.6%
Net debt 16.0B THB FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 62/100

Of which business quality 60 · Market factors (momentum, volatility) 71

Profitability 42
Margins and returns on capital today
Quality Growth 58
Are margins and returns improving?
Cashflow 64
Earnings quality: real cash, not paper profit
Fin. Strength 47
Balance sheet, leverage, solvency risk
Investment 89
Disciplined investing over empire-building
Low Volatility 100
Calm price path (market factor)
Momentum 51
Price trend over the last 3–12 months (market factor)
52W Momentum 72
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

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

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.

Full company description

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. 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.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Siam City Cement Public Company 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.

Growth Quality 69/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
54.2B THB
Latest YoY
+23.8%
Avg. growth/yr (3Y) 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.
+2.6%
Avg. growth/yr (5Y) 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.
+5.2%
Avg. growth/yr (25Y) 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.
+5.5%
Revenue +6.8%/yr
FY21 41.7B THB
FY22 50.1B THB
FY23 42.2B THB
FY24 43.8B THB
FY25 54.2B THB
Net income −4.8%/yr
FY21 4.2B THB
FY22 1.9B THB
FY23 2.7B THB
FY24 5.4B THB
FY25 3.5B THB
Character of growth · EPS growth decomposed (2014-2025) −4.2 % p.a.
Revenue per share +1.6 pp

of which total revenue +4.2 pp · buybacks/dilution −2.6 pp

EBIT margin −5.0 pp
Tax rate −0.4 pp
Residual (interest, one-offs) −0.4 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

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Cite: Fair Value Calculator (2026). "Siam City Cement Public Company Fair Value". https://www.fairvalue-calculator.com/stock/SCCC

Peer Group

Building Materials · 260 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.

Quality Score 62 · Top 25%
Fair Value upside +30% · Above median
Return on equity (TTM) 10% · Top 25%
Return on assets 5% · Top 25%
Net margin (TTM) 7% · Above median
Operating margin (TTM) 15% · Top 25%
Revenue growth -3% · Below median
Dividend yield (TTM) 7.4% · Top 25%
Debt / equity 0.36× · Higher than 75% of peers

Valuation Multiples vs Building Materials median · lower = cheaper

P/E (TTM) 11.9× · Cheaper than median
P/B 1.37× · Pricier than median
P/S (TTM) 0.82× · Pricier than median
P/FCF 0.2× · Cheaper than 75% of peers
EV/EBITDA 4.7× · Cheaper than median
PEG 1.06× · Cheaper than median

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 73 · sector 20
FUTURE 0 · sector 2
PAST 40 · sector 15
HEALTH 82 · sector 92
DIVIDEND 100 · sector 42

Insider activity: 40/100

Values & ESG

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

None of the checked exposures detected

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 Aug 13, 2026).

Stock Price Fair Value vs Fair Value
UltraTech Cement Limited ULTRACEMCO ₹11,891 ₹4,718 -60%
China Jushi Co 600176 ¥43.31 ¥13.22 -69%
Grasim Industries Limited GRASIM ₹3,308 ₹1,245 -62%
CEMEX, S.A. CEMEXCPO 21.71 MXN 12.27 MXN -43%
Anhui Conch Cement Company 600585 ¥17.49 ¥26.14 +49%
Ambuja Cements Limited AMBUJACEM ₹421.00 ₹216.73 -49%
Shree Cement Limited SHREECEM ₹25,570 ₹8,215 -68%
TCC Group 1101B 43.15 TWD 9.76 TWD -77%
Taiwan Glass Ind. Corp 1802 57.60 TWD 13.98 TWD -76%
J.K. Cement Limited JKCEMENT ₹5,349 ₹2,184 -59%

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Frequently asked questions

Is Siam City Cement Public Company (SCCC) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 199.29 THB versus a price of 153.50 THB, about +30% (undervalued).
What is the fair value of SCCC?
Our model-based fair value for Siam City Cement Public Company is 199.29 THB (as of Aug 13, 2026), built from audited fundamentals. The current price is 153.50 THB.
What is the quality score of SCCC?
Siam City Cement Public Company has a Quality Score of 62/100. 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 revenue of Siam City Cement Public Company (SCCC)?
Siam City Cement Public Company reported trailing-twelve-month revenue of about 54.0B THB (latest available figure, as of Aug 13, 2026).
What is the net profit margin of SCCC?
The net profit margin of Siam City Cement Public Company is about 7.1%, meaning it keeps roughly 7.1% of revenue as net income. Based on the latest reported figures.
Does Siam City Cement Public Company pay a dividend?
Siam City Cement Public Company currently shows a dividend yield of about 7.53% relative to its recent price (as of Aug 13, 2026).

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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