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Asia Cement Corporation (1102.TW)

TWD34.80 +0.60 (+1.75%)
TW TAI Basic Materials Construction Materials
Address No.207, Dunhua South Road 106
Taipei, TW
CEO Kun-Yen Lee
Website acc.com.tw
IPO 2000-01-04
ISIN TW0001102002

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Description

Established in 1957 with its main office in Taipei, Taiwan, Asia Cement Corporation specializes in the production and supply of cement, clinker, a variety of cement-related materials, and ready-mix concrete. Its core product line features Portland cement, in addition to granulated blast-furnace slag, gypsum, and silica sand. The company's diverse offerings are distributed across China, Taiwan, and various international markets. Beyond its foundational cement activities, Asia Cement Corporation maintains a broad array of business interests. These include marine transportation, investment management, general transportation and logistics, engineering services, textile manufacturing, cement warehousing, stainless steel production, tunnel lining, and mineral extraction and processing. Furthermore, the corporation operates a power plant and engages in leasing ventures.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
TWD34.80 +0.60 (+1.75%)
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Volume Profile
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Liquidity & share structure
Average Volume
18M
Beta
0.18
Float Shares
2.73B
Free Float %
76.9%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-0.29% -2.14% -4.06% -3.52% -9.03% -7.93% -22.51% -22.77% -29.31% +38.66% +200.97%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
34.80
DCF (Unlevered) 78.28 +124.9%
DCF (Levered) 64.39 +85.0%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 67% Bullish
Rating 2026-05 Change
Strong Buy 1 0
Buy 1 0
Hold 0 0
Sell 1 0
Strong Sell 0 0
Quality scores
Altman Z-Score
1.06
Distress
Piotroski F-Score
5 / 9
Average
MOAT Score
2 / 10
No MOAT
Composite Rating
A-
Overall Score
4 / 5
High
DCF Score
5 / 5
High
ROE Score
3 / 5
Medium
ROA Score
4 / 5
High
D/E Score
1 / 5
Low
P/E Score
3 / 5
Medium
P/Book Score
4 / 5
High
Operational MOAT
✗ Below peers
  • Revenue growth Construction Materials: +2.8%
    -6.9% Q1'26: -10.6% (vs Q1'25)
  • EPS growth Construction Materials: +14.1%
    -22.1% Q1'26: +36.6% (vs Q1'25)
  • FCF margin FCF growth · Construction Materials: +32.9%
    +7.6% Q1'26: +6.9% (vs Q1'25)
  • EBIT margin Construction Materials: +9.5%
    +11.8% Q1'26: +8.0% (vs Q1'25)
  • ROIC Construction Materials: +5.1%
    +3.0% Q1'26: +1.8% (vs Q1'25)
  • Share dilution Construction Materials: +0.0%
    +1.7% Q1'26: +0.3% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Construction Materials: 0.56×
    7.67× Q1'26: 10.84× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.21) × ERP
WACC = 55% × Ke + 45% × Kd (4.1%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 76.15 Current price: 34.80
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2015
actual
Dec 2016
actual
Dec 2017
actual
Dec 2018
actual
Dec 2019
actual
Dec 2020
actual
Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
2 Rev. Ana.
2 EPS Ana.
Dec 2027
4 Rev. Ana.
3 EPS Ana.
Revenue
66.29B
est: 66.70B (-0.6%)
60.95B
est: 62.50B (-2.5%)
64.90B
est: 63.62B (+2.0%)
82.74B
est: 83.48B (-0.9%)
89.35B
est: 88.91B (+0.5%)
78.24B
est: 78.00B (+0.3%)
89.65B
est: 88.36B (+1.5%)
90.34B
est: 89.98B (+0.4%)
80.18B
est: 75.32B (+6.5%)
76.30B
est: 76.03B (+0.3%)
71.04B
est: 72.89B (-2.5%)
70.64B
68.84B – 72.44B
-3.1% YoY
73.16B
72.66B – 74.02B
+3.6% YoY
EBITDA
9.54B
est: 17.80B (-46.4%)
11.56B
est: 16.68B (-30.7%)
12.50B
est: 16.98B (-26.4%)
22.73B
est: 22.28B (+2.1%)
36.52B
est: 23.72B (+54.0%)
30.80B
est: 20.81B (+48.0%)
28.40B
est: 23.58B (+20.4%)
21.12B
est: 24.01B (-12.0%)
12.21B
est: 16.84B (-27.5%)
18.14B
est: 16.99B (+6.7%)
12.57B
est: 16.29B (-22.8%)
15.79B
15.39B – 16.19B
-3.1% YoY
16.35B
16.24B – 16.54B
+3.6% YoY
EBIT
4.04B
est: 13.92B (-71.0%)
6.23B
est: 13.05B (-52.2%)
7.44B
est: 13.28B (-44.0%)
17.90B
est: 17.43B (+2.7%)
22.06B
est: 18.56B (+18.9%)
19.67B
est: 16.28B (+20.8%)
22.83B
est: 18.45B (+23.8%)
16.49B
est: 18.78B (-12.2%)
7.46B
est: 12.53B (-40.5%)
13.55B
est: 12.65B (+7.1%)
8.41B
est: 12.12B (-30.7%)
11.75B
11.45B – 12.05B
-3.1% YoY
12.17B
12.09B – 12.31B
+3.6% YoY
Net Income
4.86B
est: 5.45B (-10.8%)
3.95B
est: 4.53B (-12.9%)
5.47B
est: 5.85B (-6.6%)
11.12B
est: 12.45B (-10.7%)
17.46B
est: 17.64B (-1.0%)
14.71B
est: 14.62B (+0.6%)
15.07B
est: 15.59B (-3.4%)
12.02B
est: 13.62B (-11.8%)
10.88B
est: 11.51B (-5.4%)
12.89B
est: 11.29B (+14.2%)
10.03B
est: 10.55B (-5.0%)
10.78B
10.62B – 10.93B
+2.1% YoY
10.88B
10.46B – 11.75B
+1.0% YoY
SGA
3.02B
est: 2.46B (+22.7%)
2.36B
est: 2.31B (+2.1%)
2.73B
est: 2.35B (+16.5%)
2.88B
est: 3.08B (-6.6%)
3.33B
est: 3.28B (+1.6%)
3.12B
est: 2.88B (+8.3%)
2.86B
est: 3.26B (-12.4%)
3.32B
est: 3.32B (+0.1%)
2.70B
est: 2.83B (-4.4%)
3.23B
est: 2.86B (+13.0%)
3.06B
est: 2.74B (+11.9%)
2.65B
2.59B – 2.72B
-3.1% YoY
2.75B
2.73B – 2.78B
+3.6% YoY
EPS
1.55
est: 1.63 (-4.8%)
1.26
est: 1.35 (-6.9%)
1.74
est: 1.75 (-0.5%)
3.54
est: 3.72 (-4.8%)
5.56
est: 5.27 (+5.5%)
4.70
est: 4.37 (+7.6%)
4.70
est: 4.66 (+0.9%)
3.63
est: 4.05 (-10.5%)
3.28
est: 3.37 (-2.8%)
3.86
est: 3.31 (+16.6%)
3.00
est: 3.16 (-5.1%)
3.17
3.12 – 3.21
+0.1% YoY
3.27
3.07 – 3.45
+3.2% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-12 A- 4/5 5/5 3/5 4/5 1/5 3/5 4/5
2026-05-11 A- 4/5 5/5 3/5 4/5 1/5 3/5 4/5
2026-05-08 A- 4/5 5/5 3/5 4/5 1/5 3/5 4/5
2026-05-07 A- 4/5 5/5 3/5 4/5 1/5 3/5 4/5
2026-05-06 A- 4/5 5/5 3/5 4/5 1/5 3/5 4/5
2026-05-05 A- 4/5 5/5 3/5 5/5 1/5 3/5 4/5
2026-05-04 A- 4/5 5/5 3/5 5/5 1/5 3/5 4/5
2026-04-30 A- 4/5 5/5 3/5 5/5 1/5 3/5 4/5
2026-04-29 A- 4/5 5/5 3/5 5/5 1/5 3/5 4/5
2026-04-28 A- 4/5 5/5 3/5 5/5 1/5 3/5 4/5
2026-04-27 A- 4/5 5/5 3/5 5/5 1/5 3/5 4/5
2026-04-24 A- 4/5 5/5 3/5 5/5 1/5 3/5 4/5
2026-04-23 A- 4/5 5/5 3/5 5/5 1/5 3/5 4/5
2026-04-22 A- 4/5 5/5 3/5 5/5 1/5 3/5 4/5
2026-04-21 A- 4/5 5/5 3/5 5/5 1/5 3/5 4/5
2026-04-20 A- 4/5 5/5 3/5 5/5 1/5 3/5 4/5
2026-04-17 A- 4/5 5/5 3/5 5/5 1/5 3/5 4/5
2026-04-16 A- 4/5 5/5 3/5 5/5 1/5 3/5 4/5
2026-04-15 A- 4/5 5/5 3/5 5/5 1/5 3/5 4/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
8.03B
OE per share TTM
2.41
Owner's Yield
7.23%
Maintenance CapEx ratio
147.06%
Maint CapEx / Avg PPE
58.8%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 82 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 Invesco FTSE Emerging Markets High Dividend Low Volatility UCITS ETF EMHD.L 0.64% 1.81M 0.49%
2 Pacer Emerging Markets Cash Cows 100 ETF ECOW 0.34% 722.8K 0.70%
3 iShares MSCI AC Far East ex-Japan Small Cap UCITS ETF ISFE.L 0.21% 156.3K 0.74%
4 iShares MSCI Emerging Markets Small-Cap ETF EEMS 0.15% 558.8K 0.72%
5 Franklin FTSE Taiwan ETF FLTW 0.13% 3.77M 0.19%
6 iShares MSCI EM Small Cap UCITS ETF IEMS.L 0.12% 419.0K 0.74%
7 State Street SPDR MSCI Emerging Markets Small Cap UCITS ETF EMSD.L 0.12% 700.2K 0.55%
8 Franklin FTSE Taiwan UCITS ETF FLXT.MI 0.11% 742.7K 0.19%
9 State Street SPDR S&P Emerging Asia Pacific ETF GMF 0.09% 373.0K 0.49%
10 Vanguard Emerging Markets Ex-China ETF VEXC 0.03% 74.8K 0.07%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
1.42M
Shares Outstanding
3.55B

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Karen Yang Assistant Vice President of Accounting Department & Chief Internal Auditor female
Kun-Yen Lee Manager, President & Director male
Ling-Ling Wu Executive Vice President, Chief Financial Officer & Director female
Linus Chen Investor Relations Officer
S. J. Lin President & Director - Shanghai Yali Cement Products Co Ltd & Shanghai Yafu Cement Products Co Ltd male
W. T. Hsu President of Fu Ming Transportation Co Ltd and Director of Fu Ming Transportation Co Ltd
Wang Chief Information Security Officer & Assistant Vice President of Secretarial Department male
Zhi Peng Chang Deputy GM and GM & Director of Hualien Manufacturing Plant male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits