Company Valuation: Asia Cement Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 157,069 145,383 147,005 143,281 131,932 118,633 - -
Change - -7.44% 1.12% -2.53% -7.92% -10.08% - -
Enterprise Value (EV) 1 187,402 171,976 244,955 182,449 180,650 138,258 148,162 126,786
Change - -8.23% 42.43% -25.52% -0.99% -23.47% 7.16% -14.43%
P/E 9.43x 11.3x 12.6x 10.5x 12.4x 11x 10.3x 10.8x
PBR 1x 0.9x 0.81x 0.74x 0.73x 0.64x 0.6x 0.59x
PEG - -0.5x -1.31x 0.6x -0.6x 8.22x 1.42x -2.52x
Capitalization / Revenue 1.75x 1.61x 1.83x 1.88x 1.86x 1.64x 1.63x 1.59x
EV / Revenue 2.09x 1.9x 3.05x 2.39x 2.54x 1.91x 2.04x 1.7x
EV / EBITDA 8.29x 12.9x 20.1x 14.5x 14.4x 11.6x 11.1x 10.3x
EV / EBIT 10.6x 20.1x 32.8x 22.9x 21.5x 19.2x 18.5x 16.5x
EV / FCF 35.1x 13.6x 76.8x 8.77x 14.1x 7.96x 24.1x -
FCF Yield 2.85% 7.35% 1.3% 11.4% 7.09% 12.6% 4.15% -
Dividend per Share 2 3.4 2.3 2.1 2.2 2.3 1.877 1.864 1.56
Rate of return 7.67% 5.61% 5.07% 5.45% 6.18% 5.61% 5.57% 4.66%
EPS 2 4.7 3.63 3.28 3.85 2.99 3.03 3.249 3.11
Distribution rate 72.3% 63.4% 64% 57.1% 76.9% 62% 57.4% 50.2%
Net sales 1 89,655 90,341 80,183 76,297 71,039 72,210 72,561 74,444
EBITDA 1 22,616 13,341 12,216 12,549 12,575 11,898 13,344 12,259
EBIT 1 17,686 8,571 7,460 7,964 8,406 7,188 8,013 7,674
Net income 15,068 12,016 10,883 12,890 10,030 - - -
Net Debt 1 30,333 26,593 97,949 39,168 48,718 19,625 29,530 8,153
Reference price 2 44.30 41.00 41.45 40.40 37.20 33.45 33.45 33.45
Nbr of stocks (in thousands) 3,545,572 3,545,928 3,546,563 3,546,563 3,546,563 3,546,563 - -
Announcement Date 31/03/22 16/03/23 15/03/24 17/03/25 16/03/26 - - -
1TWD in Million2TWD
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
11.04x1.91x11.62x5.61% 3.71B
19.73x2.67x10.57x2.61% 48.82B
29.1x3.8x13.5x-.--% 18.04B
10.93x0.38x1.74x4.7% 13.06B
12.35x3.36x6.87x6.03% 12.74B
47.52x3.67x17.67x0.63% 9.36B
8.95x1.31x5.08x1.84% 8.42B
23.41x7.68x14.26x4.11% 7.87B
16.42x3.43x11.03x0.48% 6.4B
13.65x1.3x4.88x2.84% 5.84B
Average 19.31x 2.95x 9.72x 2.89% 13.43B
Weighted average by Cap. 20.25x 2.90x 9.92x 2.68%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

  1. Stock Market
  2. Stocks
  3. 1102 Stock
  4. Valuation Asia Cement Corporation