Valuation Asia Cement Corporation

Stocks

End-of-day quote Taiwan S.E. 16/10/2026			5-day change	1st Jan Change
38.20 ^TWD	+0.92%		+5.09%	+2.69%

09-23	Asia Cement's Unit Acquires Taichung Land, Buildings for NT$643 Million	MT
09-16	Asia Cement to Issue NT$5.7 Billion Bonds	MT

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	135,479	-	-
Change	-	-7.44%	1.12%	-2.53%	-7.92%	2.69%	-	-
Enterprise Value (EV) ¹	187,402	171,976	244,955	182,449	180,650	171,225	160,671	143,632
Change	-	-8.23%	42.43%	-25.52%	-0.99%	-5.22%	-6.16%	-10.6%
P/E	9.43x	11.3x	12.6x	10.5x	12.4x	11.4x	11.4x	12.3x
PBR	1x	0.9x	0.81x	0.74x	0.73x	0.7x	0.69x	0.68x
PEG	-	-0.5x	-1.31x	0.6x	-0.6x	0.9x	578.48x	-1.72x
Capitalization / Revenue	1.75x	1.61x	1.83x	1.88x	1.86x	1.92x	1.91x	1.82x
EV / Revenue	2.09x	1.9x	3.05x	2.39x	2.54x	2.43x	2.26x	1.93x
EV / EBITDA	8.29x	12.9x	20.1x	14.5x	14.4x	13.4x	12.3x	11.7x
EV / EBIT	10.6x	20.1x	32.8x	22.9x	21.5x	23.8x	21.1x	18.7x
EV / FCF	35.1x	13.6x	76.8x	8.77x	14.1x	15.8x	19.6x	-
FCF Yield	2.85%	7.35%	1.3%	11.4%	7.09%	6.32%	5.09%	-
Dividend per Share ²	3.4	2.3	2.1	2.2	2.3	2.041	1.951	1.56
Rate of return	7.67%	5.61%	5.07%	5.45%	6.18%	5.34%	5.11%	4.08%
EPS ²	4.7	3.63	3.28	3.85	2.99	3.349	3.35	3.11
Distribution rate	72.3%	63.4%	64%	57.1%	76.9%	60.9%	58.2%	50.2%
Net sales ¹	89,655	90,341	80,183	76,297	71,039	70,394	71,088	74,444
EBITDA ¹	22,616	13,341	12,216	12,549	12,575	12,815	13,101	12,259
EBIT ¹	17,686	8,571	7,460	7,964	8,406	7,192	7,609	7,674
Net income ¹	15,068	12,016	10,883	12,890	10,030	12,367	12,640	-
Net Debt ¹	30,333	26,593	97,949	39,168	48,718	35,746	25,192	8,153
Reference price ²	44.30	41.00	41.45	40.40	37.20	38.20	38.20	38.20
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	-	-	-