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The Siam Cement Public Company (TSCD) Fair Value & Analysis

Basic Materials · SG · Market cap 2.8B SGD

TS The Siam Cement Public Company TSCD · SG
Price0.9350 SGD
Fair Value0.9100 SGD
Upside-2.7%
Quality70/100
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Evidence: Medium Range 0.6500 SGD – 1.13 SGD

Fair value as of: Jul 4, 2026

From 23 valuation models · updated yesterday

Share price +4.5% over the past month.

Price vs Fair Value (12 months)

0.9800 SGD 0.6488 SGD Fair Value 0.9100 SGD Jul 2025 Jul 2026

12‑month range 0.6488 SGD – 0.9800 SGD · fair‑value band 0.6500 SGD – 1.13 SGD · the 0.9350 SGD price screens above the 0.9100 SGD fair value. As of Jul 4, 2026.

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Analysis

The Siam Cement Public Company (TSCD) currently trades at 0.9350 SGD, while our model-based Fair Value estimate is 0.9100 SGD — implying the stock looks roughly 2.7% overvalued today. We read business quality at 70/100 (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: medium).

Over the trailing twelve months, The Siam Cement Public Company generated revenue of 496B SGD at a net margin of 3.9%. Revenue declined 0.9% year over year. It earns a return on equity of 3.9%. Net debt stands at 12.6B SGD. Fundamentals as of Jul 4, 2026

Key figures & financial health

Revenue (TTM) 496B SGD
Revenue growth (YoY) -0.9%
Net margin 3.9%
Return on equity 3.9%
Free cash flow 4.9B SGD FY2025
P/E ratio 18.7
More key figures
Operating margin 7.0%
EPS (TTM) 0.0500 SGD
Dividend yield 2.1%
EPS growth (YoY) +466%
Net debt 12.6B SGD FY2025

Figures from reported company fundamentals (EODHD) · as of Jul 4, 2026. TTM = trailing twelve months.

About the company

The Siam Cement Public Company Limited, together with its subsidiaries, operates in the cement and building materials, chemicals, and packaging businesses in Thailand and internationally. It operates through SCG Cement and Green Solutions; SCG Smart Living and SCG Distribution and Retail; SCG Decor; SCG Chemicals; SCGP; and Other segments. The SCG Cement and Green Solutions segment produces cement, concrete products, and refractory cement, manages natural resource utilization. The SCG Smart Living and SCG Distribution and Retail segment manufactures building materials, including roof, ceiling and wall, fiberglass insulation, wood substitute, landscape, lightweight concrete block, paint, including smart solutions for home and building, and energy management, etc. This segment also distributes and retails cement, building materials, and other home and living products, as well as provides international supply chain solutions; and invests in logistics business. The SCG Decor segment …

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

The Siam Cement Public Company reported revenue of 54.2B SGD in FY2025 versus 41.7B SGD in FY2021, a compound +6.8%/yr. Reported net income was 3.5B SGD in FY2025, compounding −4.8%/yr from FY2021.

Revenue +6.8%/yr
FY21 41.7B SGD
FY22 50.1B SGD
FY23 42.2B SGD
FY24 43.8B SGD
FY25 54.2B SGD
Net income −4.8%/yr
FY21 4.2B SGD
FY22 1.9B SGD
FY23 2.7B SGD
FY24 5.4B SGD
FY25 3.5B SGD

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Similar stocks

6 more Building Materials stocks, each showing price versus our Fair Value estimate (as of Jul 4, 2026).

Stock Price Fair Value vs Fair Value
CRH plc CRH $99.98 $57.88 -42%
Holcim AG HOLN CHF 71.72 CHF 36.64 -49%
Heidelberg Materials AG HEI €190.80 €134.98 -29%
Vulcan Materials Company VMC $272.67 $117.03 -57%
Martin Marietta Materials, Inc MLM $575.83 $135.46 -76%
UltraTech Cement Limited ULTRACEMCO ₹10,866 ₹4,589 -58%

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Frequently asked questions

Is The Siam Cement Public Company (TSCD) undervalued?
As of Jul 4, 2026, our model estimates a fair value of 0.9100 SGD versus a price of 0.9350 SGD — about −3% (overvalued). Model-based estimate, not financial advice.
What is the fair value of TSCD?
Our model-based fair value for The Siam Cement Public Company is 0.9100 SGD (as of Jul 4, 2026), built from audited fundamentals. The current price is 0.9350 SGD.
What is the quality score of TSCD?
The Siam Cement Public Company has a Quality Score of 70/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of The Siam Cement Public Company (TSCD)?
The Siam Cement Public Company reported trailing-twelve-month revenue of about 496B SGD (latest available figure, as of Jul 4, 2026).
What is the net profit margin of TSCD?
The net profit margin of The Siam Cement Public Company is about 3.9%, meaning it keeps roughly 3.9% of revenue as net income. Based on the latest reported figures.
Does The Siam Cement Public Company pay a dividend?
The Siam Cement Public Company currently shows a dividend yield of about 2.10% relative to its recent price (as of Jul 4, 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.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.