Operating Margin

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Price: 35.55 TWD -1.39%

Market Cap: 126.1B TWD

13.2%

Improving

by 3.5%

Operating Margin shows how much profit a company makes from its regular business activities after covering operating costs. It helps measure how efficiently the company turns sales into profit.

Operating Margin

13.2%

Operating Income

NT$9.8B

Revenue

NT$74B

Operating Margin shows how much profit a company makes from its regular business activities after covering operating costs. It helps measure how efficiently the company turns sales into profit.

Operating Margin

13.2%

Operating Income

NT$9.8B

Revenue

NT$74B

Peer Comparison

Country		Company	Market Cap	Operating Margin
TW		Asia Cement Corp TWSE:1102	126.1B TWD	Loading...
IE	C	CRH PLC NYSE:CRH	81.1B USD	Loading...
CH		Holcim AG SIX:HOLN	41.8B CHF	Loading...
DE		HeidelbergCement AG XETRA:HEI	40.8B EUR	Loading...
IN		UltraTech Cement Ltd NSE:ULTRACEMCO	3.6T INR	Loading...
US		Vulcan Materials Co NYSE:VMC	39.5B USD	Loading...
US		Martin Marietta Materials Inc NYSE:MLM	38.7B USD	Loading...
DE	H	Heidelberg Materials AG XMUN:HEI	26.3B EUR	Loading...
US	A	Amrize AG SIX:AMRZ	23.4B CHF	Loading...
IN		Grasim Industries Ltd NSE:GRASIM	1.9T INR	Loading...
MX		Cemex SAB de CV NYSE:CX	19B USD	Loading...

Market Distribution

Min	-21 347.1%
30th Percentile	0.7%
Median	5%
70th Percentile	11.5%
Max	698%

Other Profitability Ratios

Asia Cement Corp
Glance View

Market Cap

126.1B TWD

Industry

Construction

Nestled in the industrial tapestry of Taiwan, Asia Cement Corporation emerged in 1957, as a stronghold within the cement industry. The company was conceived during a period when Taiwan was witnessing rapid infrastructure development—paving the way for Asia Cement to become an integral player in shaping the nation’s skylines. The corporation constructs its narrative around a vertically integrated business model, which encompasses the extraction of raw materials, the production of cement, and its distribution. This seamless operation starts from its self-owned limestone quarries, cutting down on raw material costs and securing a consistent supply. The company's strategically located production plants, equipped with state-of-the-art technology, underscore its commitment to efficiency and sustainability. Asia Cement Corp. not only fulfills domestic demand but also reaches out to international markets, especially in areas like China, where it continues to expand its influence. The operational prowess of the company is further augmented by its extensive logistics network, ensuring timely delivery and solidifying its reputation in the market. By doing so, it steadily generates revenue through the sale of cement and clinker, expertly navigating the challenges of cyclical demand in the construction industry. Moreover, Asia Cement’s focus on environmental sustainability through green product innovation and energy-efficient practices speaks to its strategic foresight. This dedication to evolving market demands allows the company to fortify its standing in the regional cement industry while ensuring financial performance that aligns with shareholder expectations.

View Asia Cement Corp Analysis

Asia Cement Corp Intrinsic Value

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What is Intrinsic Value?

Economic Moat is a concept popularized by Warren Buffett to describe a company's durable competitive advantage. It represents the 'moat' that protects a company from competitors and helps it sustain profitability over the long term. Our analysis of the past 10 years showed that companies with a wide economic moat significantly outperformed the market, delivering +645% returns compared to +189% for the S&P 500.

Our research into Economic Moat performance spans the past 10 years and focuses on companies with a wide economic moat. For this analysis, we calculated the average stock price returns of these companies, comparing them to the performance of the S&P 500 index over the same period.

The results were compelling: wide moat stocks achieved a remarkable +645% average return, compared to +188% for the broader market. This difference highlights the long-term benefits of investing in businesses that can maintain their market position and pricing power over time.

Note: This research does not account for survivorship bias. Past performance is not indicative of future results.

Determining whether a company has an economic moat requires both a deep dive into financial metrics and a qualitative assessment of its competitive position. Our analysts conduct a rigorous evaluation that focuses on identifying structural advantages that enable a company to sustain profitability and defend its market share over the long term.

The process begins with an analysis of a company’s historical financial performance. We assess how consistently the company has generated returns above its cost of capital and whether those returns have been stable or improving. However, financial performance alone doesn’t reveal the full picture. To understand the sources of these advantages, we evaluate five key drivers of economic moats:

Network Effect: We analyze whether the value of a company’s product or service grows as its user base expands. Platforms like payment systems or marketplaces benefit from this self-reinforcing.

Switching Costs: We assess whether customers face significant costs or disruptions when switching to a competitor’s product or service. High switching costs create customer stickiness and provide pricing power.

Intangible Assets: Strong brands, patents, and regulatory licenses can protect a company’s market position by creating barriers for competitors or enabling premium pricing. For example, a well-recognized consumer brand may command higher customer loyalty and margins.

Efficient scale: Occurs when a market is optimally served by one or a few players, making it unprofitable for new entrants to compete. This typically happens in industries with high fixed costs or geographic constraints, such as utilities or pipelines.

Cost Advantage: Companies with structural cost advantages can produce goods or services at a lower cost than their competitors, enabling them to offer competitive pricing or maintain higher margins. These advantages often arise from economies of scale, superior supply chain management, or proprietary technology. Firms like Walmart leverage their massive scale to negotiate better terms with suppliers, allowing them to undercut competitors on price.

By examining these factors in combination with a company’s financial performance and market positioning, we classify each company into one of three categories:

This rigorous evaluation ensures that our moat ratings are both comprehensive and reliable, giving investors the tools they need to make well-informed, long-term decisions.

The AI Assistant may sometimes provide inaccurate information.

Make your own investment decisions or consult a licensed financial advisor.

Asia Cement Corp
TWSE:1102

Peer Comparison

Market Distribution

Other Profitability Ratios

Asia Cement Corp
Glance View

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Asia Cement Corp TWSE:1102