Siam City Cement Public Company Limited (SCCC) fair value: what the stock is really worth
As of Sep 28, 2026: fair value of Siam City Cement Public Company Limited THB 199, price THB 154, upside +29.4%, quality 62 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 27, 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 154.00 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 Sep 27, 2026.
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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.
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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.
Stock analysis
Siam City Cement Public Company Limited (SCCC) currently trades at 154.00 THB, while our model-based Fair Value estimate is 199.29 THB, implying the stock looks roughly 22.7% undervalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of 247.86 THB per share, and 20 of the 26 models we run sit above the 154.00 THB price.
Bear case: the Earnings-Based group reads lowest at 64.83 THB, and 6 of the 26 models stay below the price. Evidence for this calculation is high.
Scenario range: 149.47 THB (bear) to 249.11 THB (bull), the price of 154.00 THB sits inside 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 62/100 (solid quality), in the Basic Materials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Siam City Cement Public Company Limited 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.
Key figures
Market cap 45.9B THB (≈ $1.4B) · P/E ratio 11.9 · P/S ratio 0.77 · EPS (TTM) 12.90 THB · Dividend yield 7.1% · Net margin 6.4% · Return on equity 10.1% · Return on assets (EBIT) 6.6%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 1% below its 52-week high and 16% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −46% fair-value upside, at 29%, SCCC screens cheaper than that median.
Fair Value models
Bear 149.47 THBFair Value 199.29 THBBull 249.11 THB
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. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (1.42 THB per share) are deliberately not added.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.69/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+23.8%
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.
+2.6%
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.
+5.2%
Start year 2020 (pandemic). Over 10 years: +5.7% a year
Revenue growth 25 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.
+5.5%
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What shareholders gained per year (last 5 years), in THB ⓘ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 THB: 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.
+6.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year−1.0%
Dividend (yield on the price)7.1%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−1.0% vs −4.8%, picking up
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.13% → 11%
Start year 2020 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+1.3%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Thailand: IMF forecast 1.2% a year to 2030, 1.1% from 2016 to 2025) that is about +0.1% a year for the price.
Compare Siam City Cement Public Company Limited with another stock
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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 · 250 stocks
Beats the industry median on 12/15 measures
Overall it ranks above its industry peers.
Valuation
Quality Score62 · Top 25%
Fair Value upside+29.4% · Above median
Profitability
Return on equity (TTM)10.1% · Top 25%
Return on assets5.0% · Top 25%
Net margin (TTM)7.1% · Above median
Operating margin (TTM)14.5% · Top 25%
Growth and dividend
Revenue growth−2.8% · Below median
Dividend yield (TTM)7.1% · Top 25%
Balance sheet
Debt / equity0.36× · Highest 25%
Valuation Multiplesvs Building Materials median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Siam City Cement Public Company Limited Fair Value". https://www.fairvalue-calculator.com/stock/SCCC
Frequently asked questions
Is Siam City Cement Public Company Limited (SCCC) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of 199.29 THB versus a price of 154.00 THB, about +29% upside (undervalued).
What is the fair value of SCCC?
Our model-based fair value for Siam City Cement Public Company Limited is 199.29 THB (as of Sep 27, 2026), built from audited fundamentals. The current price: 154.00 THB.
What is the quality score of SCCC?
Siam City Cement Public Company Limited 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 price target for Siam City Cement Public Company Limited (SCCC)?
Our model-based price target is the fair value of 199.29 THB (as of Sep 27, 2026) from 26 valuation models. Cautious scenario 149.47 THB, optimistic scenario 249.11 THB. It is a calculation from audited fundamentals, not an analyst target.
What is the Siam City Cement Public Company Limited stock forecast for 2026?
Our models put fair value at 199.29 THB, about +29% upside versus a price of 154.00 THB (undervalued). Cautious scenario 149.47 THB, optimistic scenario 249.11 THB. The calculation is refreshed regularly with new filings.
What is the revenue of Siam City Cement Public Company Limited (SCCC)?
Siam City Cement Public Company Limited reported trailing-twelve-month revenue of about 54.0B THB (latest available figure, as of Sep 27, 2026).
Does Siam City Cement Public Company Limited pay a dividend?
Siam City Cement Public Company Limited currently shows a dividend yield of about 7.14% relative to its recent price (as of Sep 27, 2026).
What growth is priced into Siam City Cement Public Company Limited (SCCC)?
For today's price to be fair in a discounted-cash-flow model, Siam City Cement Public Company Limited would have to grow free cash flow by +1.3 % per year for five years (discount rate 11.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +5.2 % per year. As of Sep 27, 2026.
What discount rate (WACC) does the fair value of SCCC use?
Our models discount Siam City Cement Public Company Limited at 11.6 %: a base by market capitalisation (small), damped by beta 0.27, country premium for Thailand. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Siam City Cement Public Company Limited that is +1.3 % per year a year over ten years, using the same discount rate (11.6 %) and the same formula as our fair value.
How much growth has Siam City Cement Public Company Limited (SCCC) delivered so far?
Over the past 5 years revenue at Siam City Cement Public Company Limited grew +5.2 % a year. The price currently implies +1.3 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Siam City Cement Public Company Limited (SCCC) growing?
The median revenue growth in the sector is +4.0 % a year. That is the yardstick for the growth priced into Siam City Cement Public Company Limited (+1.3 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Siam City Cement Public Company Limited (SCCC)?
The free-cash-flow yield on the price is 12.18 %: that much free cash flow Siam City Cement Public Company Limited produces per unit of market value. When it exceeds the discount rate of our models (11.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Siam City Cement Public Company Limited (SCCC)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Siam City Cement Public Company Limited it is 199.29 THB per share (as of Sep 27, 2026), against a price of 154.00 THB. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Siam City Cement Public Company Limited stock overvalued or undervalued in 2026?
As of Sep 27, 2026, SCCC trades below its calculated fair value: price 154.00 THB, fair value 199.29 THB, a gap of about +29% (undervalued). 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 SCCC?
No. The price is what the market pays today (154.00 THB); the fair value is what the company's own numbers justify (199.29 THB). For Siam City Cement Public Company Limited the two are 45.29 THB per share apart. That gap is exactly why we show both numbers side by side.
How much is Siam City Cement Public Company Limited worth?
The market values Siam City Cement Public Company Limited at about 45.9B THB (market capitalisation, as of Sep 27, 2026). Per share that is 154.00 THB; our models calculate a fair value of 199.29 THB per share.
What do the bullish and bearish scenarios say about SCCC?
Our models span a range for Siam City Cement Public Company Limited: cautious scenario 149.47 THB, base 199.29 THB, optimistic 249.11 THB per share (as of Sep 27, 2026, price 154.00 THB). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of SCCC?
Siam City Cement Public Company Limited trades at a price-to-earnings ratio of 11.9 (as of Sep 27, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 199.29 THB is built from several models across several years. Other multiples: PEG 1.1, P/B 1.4, P/S 0.9, EV/EBITDA 4.9.
What is the PEG ratio of SCCC?
The PEG ratio of Siam City Cement Public Company Limited is 1.06 (P/E divided by earnings growth, as of Sep 27, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Siam City Cement Public Company Limited (SCCC)?
Balance-sheet figures for Siam City Cement Public Company Limited (as of Sep 27, 2026): return on equity 10.1%, debt of 0.36 per unit of equity. They feed the Quality Score of 62/100, which measures business quality independently of the share price.
How far is SCCC from its 52-week high?
Siam City Cement Public Company Limited trades at 154.00 THB, about 1% below its 52-week high of 155.50 THB and 16% above the low of 132.43 THB (as of Sep 28, 2026). Distance from the high says nothing about value: that is what the fair value of 199.29 THB is for.
Which stocks are comparable to Siam City Cement Public Company Limited?
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 Siam City Cement Public Company Limited stock attractive at the current price?
The data as of Sep 27, 2026: price 154.00 THB, calculated fair value 199.29 THB (+29%), Quality Score 62/100, from 26 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 SCCC calculated?
We run Siam City Cement Public Company Limited through 26 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 199.29 THB, 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 15.9 % above its aggregate fair value. Siam City Cement Public Company Limited currently trades 29 % below its own fair value, and the market average says nothing about that. 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 Siam City Cement Public Company Limited (SCCC)?
The closing price on Sep 28, 2026 was 154.00 THB. Our model-based fair value is 199.29 THB, about +29% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Siam City Cement Public Company Limited right now?
Solid quality (62/100) at a price below fair value, the discount is the argument here, not the business quality. The price sits in the lower half of our model range, the side with the larger margin of safety. The data supports the verdict: every model runs on fully documented inputs.
Where does the earnings growth of Siam City Cement Public Company Limited (SCCC) come from?
Earnings per share at Siam City Cement Public Company Limited grew −4.2 % a year from 2014 to 2025. Broken into its drivers: revenue per share +1.6 %, EBIT margin −5.0 %, tax rate −0.4 %, residual (interest, one-offs) −0.3 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Siam City Cement Public Company Limited
How large is the market capitalisation of Siam City Cement Public Company Limited (SCCC)?
The market capitalisation of Siam City Cement Public Company Limited is 45.9B THB (≈ $1.4B). 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 Siam City Cement Public Company Limited (SCCC)?
The price-to-sales ratio of Siam City Cement Public Company Limited is 0.77 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Siam City Cement Public Company Limited (SCCC)?
Earnings per share at Siam City Cement Public Company Limited are 12.90 THB (price ÷ EPS = P/E 11.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Siam City Cement Public Company Limited (SCCC)?
The dividend yield of Siam City Cement Public Company Limited is 7.1% (payout 85.3%). 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 Siam City Cement Public Company Limited (SCCC)?
The net margin of Siam City Cement Public Company Limited is 6.4% (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 Siam City Cement Public Company Limited (SCCC)?
The return on equity (ROE) of Siam City Cement Public Company Limited is 10.1% (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 Siam City Cement Public Company Limited (SCCC)?
On an EBIT basis the return on assets of Siam City Cement Public Company Limited is 6.6% (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 Siam City Cement Public Company Limited (SCCC)?
The operating margin of Siam City Cement Public Company Limited is 14.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Siam City Cement Public Company Limited (SCCC)?
Revenue at Siam City Cement Public Company Limited is growing −2.8% versus a year earlier (3y avg +2.6%). 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 Siam City Cement Public Company Limited (SCCC)?
Earnings per share at Siam City Cement Public Company Limited are growing +34.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Siam City Cement Public Company Limited (SCCC) carry?
The net debt of Siam City Cement Public Company Limited is 16.0B THB (fiscal year 2025, ≈ 2.9 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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