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Asia Cement CorporationTWSE:1102 Stock Report

Market Cap NT$121.8b
Share Price
NT$34.35
NT$40.87
15.9% undervalued intrinsic discount
1Y-22.6%
7D-1.7%
Portfolio Value
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Asia Cement Corporation

TWSE:1102 Stock Report

Market Cap: NT$121.8b

Asia Cement (1102) Stock Overview

Engages in the cement business in China and Taiwan. More details

1102 fundamental analysis
Snowflake Score
Valuation3/6
Future Growth1/6
Past Performance2/6
Financial Health5/6
Dividends5/6

Rewards

Price-To-Earnings ratio (11.5x) is below the TW market (22.7x)

Earnings are forecast to grow 1.9% per year

Trading at good value compared to peers and industry

Risk Analysis

Unstable dividend track record


1102 Community Fair Values

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Asia Cement Corporation Competitors

Price History & Performance

Summary of share price highs, lows and changes for Asia Cement
Historical stock prices
Current Share PriceNT$34.35
52 Week HighNT$45.85
52 Week LowNT$33.30
Beta0.21
1 Month Change-2.83%
3 Month Change-3.65%
1 Year Change-22.64%
3 Year Change-22.81%
5 Year Change-32.11%
Change since IPO-12.60%

Recent News & Updates

Recent updates

Analysis Article • Mar 19

Results: Asia Cement Corporation Exceeded Expectations And The Consensus Has Updated Its Estimates

It's been a good week for Asia Cement Corporation ( TWSE:1102 ) shareholders, because the company has just released its...
Analysis Article • Mar 03

Asia Cement (TWSE:1102) May Have Issues Allocating Its Capital

What financial metrics can indicate to us that a company is maturing or even in decline? Businesses in decline often...
Analysis Article • Feb 10

Asia Cement Corporation's (TWSE:1102) Prospects Need A Boost To Lift Shares

With a price-to-earnings (or "P/E") ratio of 13.6x Asia Cement Corporation ( TWSE:1102 ) may be sending bullish signals...
Analysis Article • Jan 10

These 4 Measures Indicate That Asia Cement (TWSE:1102) Is Using Debt Reasonably Well

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Analysis Article • Nov 21

Asia Cement's (TWSE:1102) Profits Appear To Have Quality Issues

The recent earnings posted by Asia Cement Corporation ( TWSE:1102 ) were solid, but the stock didn't move as much as we...
Analysis Article • Nov 17

Asia Cement Corporation Just Missed EPS By 32%: Here's What Analysts Think Will Happen Next

Last week, you might have seen that Asia Cement Corporation ( TWSE:1102 ) released its quarterly result to the market...
Analysis Article • Nov 05

Asia Cement (TWSE:1102) Is Finding It Tricky To Allocate Its Capital

If we're looking to avoid a business that is in decline, what are the trends that can warn us ahead of time? A business...
Analysis Article • Sep 26

Lacklustre Performance Is Driving Asia Cement Corporation's (TWSE:1102) Low P/E

Asia Cement Corporation's ( TWSE:1102 ) price-to-earnings (or "P/E") ratio of 14.5x might make it look like a buy right...
Analysis Article • Jul 29

Asia Cement (TWSE:1102) Could Be Struggling To Allocate Capital

If we're looking to avoid a business that is in decline, what are the trends that can warn us ahead of time? Businesses...
Analysis Article • Jun 27

Asia Cement's (TWSE:1102) Dividend Will Be Reduced To NT$2.10

Asia Cement Corporation ( TWSE:1102 ) is reducing its dividend from last year's comparable payment to NT$2.10 on the...
Analysis Article • Jun 14

Here's Why Asia Cement (TWSE:1102) Can Manage Its Debt Responsibly

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Analysis Article • May 22

There's No Escaping Asia Cement Corporation's (TWSE:1102) Muted Earnings

Asia Cement Corporation's ( TWSE:1102 ) price-to-earnings (or "P/E") ratio of 14.2x might make it look like a buy right...
Analysis Article • Apr 09

Asia Cement (TWSE:1102) Could Be At Risk Of Shrinking As A Company

When it comes to investing, there are some useful financial metrics that can warn us when a business is potentially in...
Analysis Article • Mar 22

Why Asia Cement's (TWSE:1102) Shaky Earnings Are Just The Beginning Of Its Problems

A lackluster earnings announcement from Asia Cement Corporation ( TWSE:1102 ) last week didn't sink the stock price...
Analysis Article • Mar 19

Asia Cement Corporation (TWSE:1102) Just Released Its Yearly Results And Analysts Are Updating Their Estimates

As you might know, Asia Cement Corporation ( TWSE:1102 ) last week released its latest yearly, and things did not turn...
Analysis Article • Apr 01

Are Investors Undervaluing Asia Cement Corporation (TPE:1102) By 34%?

Today we will run through one way of estimating the intrinsic value of Asia Cement Corporation ( TPE:1102 ) by...
Analysis Article • Mar 17

Should Asia Cement Corporation (TPE:1102) Be Part Of Your Dividend Portfolio?

Dividend paying stocks like Asia Cement Corporation ( TPE:1102 ) tend to be popular with investors, and for good reason...
Analysis Article • Mar 02

Will The ROCE Trend At Asia Cement (TPE:1102) Continue?

To find a multi-bagger stock, what are the underlying trends we should look for in a business? Ideally, a business will...
Analysis Article • Feb 15

Shareholders Of Asia Cement (TPE:1102) Must Be Happy With Their 75% Return

You can receive the average market return by buying a low-cost index fund. But you can make superior returns by picking...
Analysis Article • Feb 02

Asia Cement (TPE:1102) Seems To Use Debt Quite Sensibly

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Analysis Article • Jan 20

What Type Of Shareholders Make Up Asia Cement Corporation's (TPE:1102) Share Registry?

The big shareholder groups in Asia Cement Corporation ( TPE:1102 ) have power over the company. Institutions often own...
Analysis Article • Jan 07

Asia Cement Corporation's (TPE:1102) Stock Has Fared Decently: Is the Market Following Strong Financials?

Most readers would already know that Asia Cement's (TPE:1102) stock increased by 5.2% over the past three months. Given...
Analysis Article • Dec 25

Are Asia Cement's (TPE:1102) Statutory Earnings A Good Reflection Of Its Earnings Potential?

Broadly speaking, profitable businesses are less risky than unprofitable ones. However, sometimes companies receive a...
Analysis Article • Dec 12

How Does Asia Cement Corporation (TPE:1102) Fare As A Dividend Stock?

Today we'll take a closer look at Asia Cement Corporation ( TPE:1102 ) from a dividend investor's perspective. Owning a...
Analysis Article • Nov 29

What Do The Returns At Asia Cement (TPE:1102) Mean Going Forward?

If you're looking for a multi-bagger, there's a few things to keep an eye out for. Firstly, we'll want to see a proven...

Shareholder Returns

1102TW Basic MaterialsTW Market
7D-1.7%-2.8%-0.9%
1Y-22.6%-20.1%88.1%

Return vs Industry: 1102 underperformed the TW Basic Materials industry which returned -18.4% over the past year.

Return vs Market: 1102 underperformed the TW Market which returned 92.1% over the past year.

Price Volatility

Is 1102's price volatile compared to industry and market?
1102 volatility
1102 Average Weekly Movement2.3%
Basic Materials Industry Average Movement2.9%
Market Average Movement6.2%
10% most volatile stocks in TW Market12.2%
10% least volatile stocks in TW Market2.5%

Stable Share Price: 1102 has not had significant price volatility in the past 3 months compared to the TW market.

Volatility Over Time: 1102's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1957n/aKun-Yen Leewww.acc.com.tw

Asia Cement Corporation engages in the cement business in China and Taiwan. It operates through Cement, Electric Power, Investment, Construction, Transportation, Special Steel, and Leasing segments. The company is involved in the mining, production, transportation, and sale of cement, cement semi-finished products, cement products, and ready-mixed concrete; and afforestation and leasing activities.

Asia Cement Corporation Fundamentals Summary

How do Asia Cement's earnings and revenue compare to its market cap?
1102 fundamental statistics
Market capNT$121.82b
Earnings (TTM)NT$10.55b
Revenue (TTM)NT$69.27b
11.5x
P/E Ratio
1.8x
P/S Ratio

Is 1102 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
1102 income statement (TTM)
RevenueNT$69.27b
Cost of RevenueNT$58.48b
Gross ProfitNT$10.79b
Other ExpensesNT$242.07m
EarningsNT$10.55b

Last Reported Earnings

Mar 31, 2026

Next Earnings Date

May 18, 2026

Earnings per share (EPS)2.98
Gross Margin15.58%
Net Profit Margin15.23%
Debt/Equity Ratio47.1%

How did 1102 perform over the long term?

See historical performance and comparison

Dividends

6.7%
Current Dividend Yield
73%
Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/15 11:32
End of Day Share Price 2026/05/15 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Asia Cement Corporation is covered by 17 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Shuai WangBofA Global Research
Jeffrey ToderCGS International
Frank LinCLSA