Taiheiyo Cement Corporation (THYCF) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of Taiheiyo Cement Corporation $24.37, price $24.75, upside -1.5%, quality 49 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Watch Taiheiyo Cement Corporation 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
Taiheiyo Cement Corporation engages in the cement, mineral resources, environmental, construction materials, and other businesses in Japan and internationally. The company's Cement segment offers ordinary portland cement, specialty cement, soil stabilizers, and ready-mixed concrete.
Show more
Taiheiyo Cement Corporation engages in the cement, mineral resources, environmental, construction materials, and other businesses in Japan and internationally. The company's Cement segment offers ordinary portland cement, specialty cement, soil stabilizers, and ready-mixed concrete. Its Mineral Resources segment sells limestone aggregate products comprising course and fine aggregate used in ready-mixed concrete, and aggregate used in concrete products and civil engineering; sandstone and andesite as aggregate materials; quicklime, slaked lime, filler, silica, and silica powder; and hollow ceramics, sepiolite, wollastonite, and kaolin. The company's Environmental segment recycles used tires, waste plastics, paper sludge, waste casting sand, other industrial waste, surplus soil from water purification, sewage sludge, dredging sludge, and other wastes discarded from municipalities, as well as engages in the CFC treatment and building waste treatment plants; develops and commercializes environmental recycling technologies, including ash washing system and applied kiln system, and fermentation technology; supplies flue gas desulfurization materials, such as calcium carbonate; and sells slag powder and other inorganic materials, coal, heavy oil, and other fuels, as well as chemicals and gypsum. Its Construction Materials segment produces precast concrete products; promenades, interlocking blocks, and concrete housing products; acoustic panels used to reduce construction noise; and fireproof covering materials used in tunnels. The company's Other Businesses segment leases land for office buildings, commercial stores, leisure facilities, distribution warehouses, and other structures, as well as develops land for residential housing; and engages in the data processing, transportation and warehouse, engineering, chemical products, and sports business. Taiheiyo Cement Corporation was incorporated in 1881 and is headquartered in Tokyo, Japan.
Stock analysis
Taiheiyo Cement Corporation (THYCF) currently trades at $24.75, while our model-based Fair Value estimate is $24.37, so the stock looks roughly fairly valued today (gap 1.6%).
Show more
Valuation
Bull case: the Asset-Based group reads highest at a median of $28.27 per share, and 14 of the 23 models we run sit above the $24.75 price.
Bear case: the Growth DCF group reads lowest at $4.82, and 9 of the 23 models stay below the price. Evidence for this calculation is high.
Scenario range: $14.22 (bear) to $33.27 (bull), the price of $24.75 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 49/100 (below-average quality), in the Basic Materials sector.
Weak Growth: Revenue growth is weak: less than 2 % a year.
Taiheiyo Cement Corporation reported revenue of ¥904B in FY2026 versus ¥708B in FY2022, a compound +6.3%/yr. Reported net income was ¥25.6B in FY2026, compounding −3.1%/yr from FY2022.
Key figures
Market cap $2.8B · P/E ratio 52.7 · P/S ratio 1.49 · EPS (TTM) $0.4700 · Dividend yield 3.2% · Net margin 2.8% · Return on equity 3.9% · Return on assets (EBIT) 3.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 35 out of 100 (medium confidence).
What moves the price
For context, the median of 10 Basic Materials peers we cover trades at −46% fair-value upside, at −2%, THYCF screens cheaper than that median.
Fair Value models
Bear $14.22Fair Value $24.37Bull $33.27
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.40/100
Revenue growth is weak: less than 2 % a year.
Revenue growth 1 year
+0.9%
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.
+3.8%
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.
+0.9%
Start year 2021 (pandemic). Over 10 years: +0.8% a year
Revenue growth 22 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.
+0.1%
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
’26
What shareholders gained per year (last 5 years), in JPY ⓘ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 JPY: 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.
−3.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year−6.4%
Dividend (yield on the price)3.2%
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.−6.4% vs −4.4%, steady
Profit margin 2021 to 2026 ⓘ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.7% → 8%
Start year 2021 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far and more than analysts expect.
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).
+27.6%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+6.9%
Yearly sales growth analysts expect, extended to five years.
After inflation (figures in JPY, Japan: IMF forecast 2.1% a year to 2030, 1.3% from 2016 to 2025) that is about +25.0% a year for the price and +4.7% for the forecasts.
Compare Taiheiyo Cement Corporation with another stock
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 · 248 stocks
Beats the industry median on 7/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score49 · Below median
Fair Value upside+21.7% · Above median
Profitability
Return on equity (TTM)3.9% · Below median
Return on assets3.2% · Above median
Net margin (TTM)2.8% · Below median
Operating margin (TTM)6.9% · Below median
Growth and dividend
Revenue growth5.9% · Above median
Dividend yield (TTM)3.2% · Above median
Balance sheet
Debt / equity0.31× · Above median
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.
Is Taiheiyo Cement Corporation (THYCF) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of $24.37 versus a price of $24.75, about −2% upside (fairly valued).
What is the fair value of THYCF?
Our model-based fair value for Taiheiyo Cement Corporation is $24.37 (as of Sep 24, 2026), built from audited fundamentals. The current price: $24.75.
What is the quality score of THYCF?
Taiheiyo Cement Corporation has a Quality Score of 49/100. 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 Taiheiyo Cement Corporation (THYCF)?
Our model-based price target is the fair value of $24.37 (as of Sep 24, 2026) from 23 valuation models. Cautious scenario $14.22, optimistic scenario $33.27. It is a calculation from audited fundamentals, not an analyst target.
What is the Taiheiyo Cement Corporation stock forecast for 2026?
Our models put fair value at $24.37, about −2% upside versus a price of $24.75 (fairly valued). Cautious scenario $14.22, optimistic scenario $33.27. The calculation is refreshed regularly with new filings.
What is the revenue of Taiheiyo Cement Corporation (THYCF)?
Taiheiyo Cement Corporation reported trailing-twelve-month revenue of about ¥898B (latest available figure, as of Sep 24, 2026).
Does Taiheiyo Cement Corporation pay a dividend?
Taiheiyo Cement Corporation currently shows a dividend yield of about 3.24% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Taiheiyo Cement Corporation (THYCF)?
For today's price to be fair in a discounted-cash-flow model, Taiheiyo Cement Corporation would have to grow free cash flow by +27.6 % per year for five years (discount rate 8.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +0.9 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of THYCF use?
Our models discount Taiheiyo Cement Corporation at 8.9 %: a base by market capitalisation (mid), damped by beta 0.67, country premium for USA. 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 Taiheiyo Cement Corporation that is +27.6 % per year a year over ten years, using the same discount rate (8.9 %) and the same formula as our fair value.
How much growth has Taiheiyo Cement Corporation (THYCF) delivered so far?
Over the past 5 years revenue at Taiheiyo Cement Corporation grew +0.9 % a year. The price currently implies +27.6 % 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 Taiheiyo Cement Corporation (THYCF) growing?
The median revenue growth in the sector is +7.6 % a year. That is the yardstick for the growth priced into Taiheiyo Cement Corporation (+27.6 % 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 Taiheiyo Cement Corporation (THYCF)?
The free-cash-flow yield on the price is 2.98 %: that much free cash flow Taiheiyo Cement Corporation produces per unit of market value. When it exceeds the discount rate of our models (8.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Taiheiyo Cement Corporation (THYCF)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Taiheiyo Cement Corporation it is $24.37 per share (as of Sep 24, 2026), against a price of $24.75. It is the blended result of 23 valuation models (cash flow, earnings, asset, dividend).
Is Taiheiyo Cement Corporation stock overvalued or undervalued in 2026?
As of Sep 24, 2026, THYCF trades above its calculated fair value: price $24.75, fair value $24.37, a gap of about −2% (fairly valued). 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 THYCF?
No. The price is what the market pays today ($24.75); the fair value is what the company's own numbers justify ($24.37). For Taiheiyo Cement Corporation the two are $0.3800 per share apart. That gap is exactly why we show both numbers side by side.
How much is Taiheiyo Cement Corporation worth?
The market values Taiheiyo Cement Corporation at about $2.8B (market capitalisation, as of Sep 24, 2026). Per share that is $24.75; our models calculate a fair value of $24.37 per share.
What do the bullish and bearish scenarios say about THYCF?
Our models span a range for Taiheiyo Cement Corporation: cautious scenario $14.22, base $24.37, optimistic $33.27 per share (as of Sep 24, 2026, price $24.75). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of THYCF?
Taiheiyo Cement Corporation trades at a price-to-earnings ratio of 52.7 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $24.37 is built from several models across several years. Other multiples: P/B 0.6, P/S 0.5, EV/EBITDA 4.0.
How solid is the balance sheet of Taiheiyo Cement Corporation (THYCF)?
Balance-sheet figures for Taiheiyo Cement Corporation (as of Sep 24, 2026): return on equity 3.9%, debt of 0.31 per unit of equity. They feed the Quality Score of 49/100, which measures business quality independently of the share price.
Which stocks are comparable to Taiheiyo Cement Corporation?
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 Taiheiyo Cement Corporation stock attractive at the current price?
The data as of Sep 24, 2026: price $24.75, calculated fair value $24.37 (−2%), Quality Score 49/100, from 23 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 THYCF calculated?
We run Taiheiyo Cement Corporation through 23 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 $24.37, 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. Taiheiyo Cement Corporation 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 Taiheiyo Cement Corporation (THYCF)?
The closing price on Oct 2, 2026 was $24.75. Our model-based fair value is $24.37, about −2% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Taiheiyo Cement Corporation right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. A fairly wide model range ($14.22 to $33.27) leaves room in how you read the outcome.
Where does the earnings growth of Taiheiyo Cement Corporation (THYCF) come from?
Earnings per share at Taiheiyo Cement Corporation grew +0.8 % a year from 2015 to 2026. Broken into its drivers: revenue per share +1.9 %, EBIT margin +0.2 %, tax rate −0.8 %, residual (interest, one-offs) −0.5 %. 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 Taiheiyo Cement Corporation
How large is the market capitalisation of Taiheiyo Cement Corporation (THYCF)?
The market capitalisation of Taiheiyo Cement Corporation is $2.8B. 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 Taiheiyo Cement Corporation (THYCF)?
The price-to-sales ratio of Taiheiyo Cement Corporation is 1.49 (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 Taiheiyo Cement Corporation (THYCF)?
Earnings per share at Taiheiyo Cement Corporation are $0.4700 (price ÷ EPS = P/E 52.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Taiheiyo Cement Corporation (THYCF)?
The dividend yield of Taiheiyo Cement Corporation is 3.2% (payout 171%). 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 Taiheiyo Cement Corporation (THYCF)?
The net margin of Taiheiyo Cement Corporation is 2.8% (fiscal year 2026). 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 Taiheiyo Cement Corporation (THYCF)?
The return on equity (ROE) of Taiheiyo Cement Corporation is 3.9% (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 Taiheiyo Cement Corporation (THYCF)?
On an EBIT basis the return on assets of Taiheiyo Cement Corporation is 3.9% (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 Taiheiyo Cement Corporation (THYCF)?
The operating margin of Taiheiyo Cement Corporation is 6.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Taiheiyo Cement Corporation (THYCF)?
Revenue at Taiheiyo Cement Corporation is growing +5.9% versus a year earlier (3y avg +3.8%). 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 Taiheiyo Cement Corporation (THYCF)?
Earnings per share at Taiheiyo Cement Corporation are growing +52.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Taiheiyo Cement Corporation (THYCF) carry?
The net debt of Taiheiyo Cement Corporation is ¥346B (fiscal year 2026, ≈ 26.6 yrs of FCF). 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 Taiheiyo Cement Corporation in the live analysis
One click puts Taiheiyo Cement Corporation 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.
Broad data
Sep 24, 2026