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Asia Cement Corp
TWSE:1102

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Asia Cement Corp
TWSE:1102
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Price: 35.25 TWD -1.81% Market Closed
Market Cap: NT$125B

P/OCF

7.4
Current
4%
Cheaper
vs 3-y average of 7.7

Price to Operating Cash Flow (P/OCF) ratio compares a company`s market value to the cash it generates from its core operations.

P/OCF
7.4
=
Market Cap
NT$122.4B
/
Operating Cash Flow
NT$16.8B

Price to Operating Cash Flow (P/OCF) ratio compares a company`s market value to the cash it generates from its core operations.

P/OCF
7.4
=
Market Cap
NT$122.4B
/
Operating Cash Flow
NT$16.8B

Valuation Scenarios

Asia Cement Corp is trading below its 3-year average

If P/OCF returns to its 3-Year Average (7.7), the stock would be worth NT$36.53 (4% upside from current price).

Statistics
Positive Scenarios
4/4
Maximum Downside
No Downside Scenarios
Maximum Upside
+77%
Average Upside
23%
Scenario P/OCF Value Implied Price Upside/Downside
Current Multiple 7.4 NT$35.25
0%
3-Year Average 7.7 NT$36.53
+4%
5-Year Average 8.2 NT$39
+11%
Industry Average 7.5 NT$35.44
+1%
Country Average 13.2 NT$62.49
+77%

Forward P/OCF
Today’s price vs future operating cash flow

Not enough data available to calculate forward P/OCF

Peer Comparison

All Multiples
P/OCF
P/E
All Countries
Close
Market Cap P/OCF P/E
TW
Asia Cement Corp
TWSE:1102
125B TWD 7.4 12.5
IE
CRH PLC
NYSE:CRH
78B USD 13.9 20.8
CH
Holcim AG
SIX:HOLN
40.3B CHF 14.6 3.1
DE
HeidelbergCement AG
XETRA:HEI
33.1B EUR 10.2 17.1
US
Vulcan Materials Co
NYSE:VMC
38B USD 21 35.3
IN
UltraTech Cement Ltd
NSE:ULTRACEMCO
3.5T INR 24.7 48.2
US
Martin Marietta Materials Inc
NYSE:MLM
36.8B USD 20.6 32.3
US
Amrize AG
SIX:AMRZ
24.7B CHF 14.2 26.5
DE
Heidelberg Materials AG
XMUN:HEI
21.7B EUR 6.7 11.2
IN
Grasim Industries Ltd
NSE:GRASIM
1.9T INR -13 44.8
CN
China Jushi Co Ltd
SSE:600176
132.7B CNY 31.6 40.4

Market Distribution

Lower than 78% of companies in Taiwan
Percentile
22nd
Based on 708 companies
22nd percentile
7.4
Low
0.5 — 8.9
Typical Range
8.9 — 20.4
High
20.4 —
Distribution Statistics
Taiwan
Min 0.5
30th Percentile 8.9
Median 13.2
70th Percentile 20.4
Max 5 587.5

Asia Cement Corp
Glance View

Market Cap
125B 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.

Intrinsic Value
41.62 TWD
Undervaluation 15%
Intrinsic Value
Price NT$35.25
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