Asia Cement Future Growth

Future criteria checks 1/6

Asia Cement is forecast to grow earnings and revenue by 1.6% and 4.2% per annum respectively. EPS is expected to decline by 0.8% per annum. Return on equity is forecast to be 5.6% in 3 years.

Key information

1.6%

Earnings growth rate

-0.8%

EPS growth rate

Basic Materials earnings growth	22.8%
Revenue growth rate	4.2%
Future return on equity	5.6%
Analyst coverage	Good
Last updated	07 Feb 2025

Recent future growth updates

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

Nov 17

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

Mar 19

Recent updates

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

Jan 10

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

Nov 21

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

Nov 17

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

Mar 22

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

Mar 19

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

Apr 01

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

Mar 17

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

Mar 02

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

Feb 15

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

Feb 02

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

Jan 20

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

Jan 07

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

Dec 25

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

Dec 12

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

Nov 29

Earnings and Revenue Growth Forecasts

TWSE:1102 - Analysts future estimates and past financials data (TWD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	82,105	11,839	N/A	60,212	3
12/31/2025	82,198	10,729	3,695	11,479	5
12/31/2024	77,115	11,933	3,984	14,811	5
9/30/2024	75,381	10,414	18,997	22,965	N/A
6/30/2024	75,322	11,223	17,394	20,780	N/A
3/31/2024	77,474	11,143	14,166	17,941	N/A
12/31/2023	80,183	10,883	3,154	7,269	N/A
9/30/2023	84,486	10,166	3,103	7,051	N/A
6/30/2023	86,517	11,876	1,367	4,973	N/A
3/31/2023	89,868	12,171	4,598	7,405	N/A
12/31/2022	90,341	12,016	12,635	15,309	N/A
9/30/2022	93,938	15,405	8,474	11,147	N/A
6/30/2022	94,202	14,345	4,325	7,324	N/A
3/31/2022	92,136	14,402	3,850	7,466	N/A
12/31/2021	90,333	15,068	5,272	8,597	N/A
9/30/2021	86,165	15,440	7,963	13,158	N/A
6/30/2021	84,712	17,014	10,238	16,221	N/A
3/31/2021	82,979	17,167	10,456	19,305	N/A
12/31/2020	78,241	14,710	9,551	19,624	N/A
9/30/2020	77,705	14,342	16,037	24,883	N/A
6/30/2020	79,370	13,752	25,322	32,794	N/A
3/31/2020	83,101	15,274	28,315	33,140	N/A
12/31/2019	89,348	17,460	33,458	37,272	N/A
9/30/2019	88,040	15,277	29,174	35,246	N/A
6/30/2019	87,538	14,009	17,167	23,097	N/A
3/31/2019	85,553	12,149	11,600	16,390	N/A
12/31/2018	82,741	11,117	6,423	10,711	N/A
9/30/2018	80,458	10,990	7,157	8,247	N/A
6/30/2018	75,098	9,843	N/A	9,701	N/A
3/31/2018	68,960	7,129	N/A	9,028	N/A
12/31/2017	64,899	5,469	N/A	8,139	N/A
9/30/2017	62,191	5,382	N/A	5,024	N/A
6/30/2017	60,690	4,393	N/A	7,055	N/A
3/31/2017	60,420	3,983	N/A	9,375	N/A
12/31/2016	60,946	3,946	N/A	12,817	N/A
9/30/2016	61,278	2,781	N/A	14,836	N/A
6/30/2016	63,102	1,908	N/A	16,408	N/A
3/31/2016	63,964	3,591	N/A	16,403	N/A
12/31/2015	66,287	4,860	N/A	13,592	N/A
9/30/2015	69,562	6,584	N/A	13,722	N/A
6/30/2015	72,485	8,544	N/A	12,327	N/A
3/31/2015	76,790	9,390	N/A	13,364	N/A
12/31/2014	77,683	9,362	N/A	10,643	N/A
9/30/2014	77,685	11,442	N/A	14,353	N/A
6/30/2014	75,511	11,107	N/A	12,027	N/A
3/31/2014	72,497	10,738	N/A	12,853	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 1102's forecast earnings growth (1.6% per year) is above the savings rate (1.1%).

Earnings vs Market: 1102's earnings (1.6% per year) are forecast to grow slower than the TW market (17.4% per year).

High Growth Earnings: 1102's earnings are forecast to grow, but not significantly.

Revenue vs Market: 1102's revenue (4.2% per year) is forecast to grow slower than the TW market (11.3% per year).

High Growth Revenue: 1102's revenue (4.2% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: 1102's Return on Equity is forecast to be low in 3 years time (5.6%).

Discover growth companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/02/07 07:38
End of Day Share Price	2025/02/07 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

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.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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 23 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Jenny Tsai	BNP Paribas Securities (Asia)
Shuai Wang	BofA Global Research
Yayue Hsueh	Capital Securities Corporation

Asia Cement Future Growth

Future criteria checks 1/6

Key information

Recent future growth updates

Consensus EPS estimates increase by 10%, revenue downgraded

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

Consensus EPS estimates increase by 28%, revenue downgraded

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

Recent updates

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

Consensus EPS estimates increase by 10%, revenue downgraded

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

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

Third quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind

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

Asia Cement Corporation to Report Nine Months, 2024 Results on Nov 08, 2024

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

Consensus EPS estimates increase by 28%, revenue downgraded

Second quarter 2024 earnings: EPS exceeds analyst expectations

Now 21% overvalued

Asia Cement Corporation to Report First Half, 2024 Results on Aug 08, 2024

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

Upcoming dividend of NT$2.10 per share

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

Dividend reduced to NT$2.10

Asia Cement Corporation Announces Cash Dividend, Payable on August 16, 2024

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

An undisclosed buyer agreed to acquire 4.06% stake in Far EasTone Telecommunications Co., Ltd. (TWSE:4904) from Asia Cement Corporation (TWSE:1102), Der Ching Investment Corporation and Asia Investment Corp. for TWD 3.3 billion.

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

New major risk - Revenue and earnings growth

First quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind

Asia Cement Corporation Announces Executive Changes

Asia Cement Corporation to Report Q1, 2024 Results on May 09, 2024

Now 20% overvalued after recent price rise

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

Now 20% overvalued

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

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

New minor risk - Earnings quality

Full year 2023 earnings: EPS and revenues miss analyst expectations

Now 21% overvalued

Asia Cement Corporation, Annual General Meeting, Jun 25, 2024

New minor risk - Earnings quality

Third quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind

Asia Cement Corporation Announces Change of Chief Internal Auditor, Effective November 25, 2023

Second quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind

Asia Cement Corporation Announces Appointment of Members of the Audit Committee

Upcoming dividend of NT$2.30 per share at 5.3% yield

Asia Cement Corporation Announces Director Changes

Asia Cement Corporation Appoints Ji-Fa Li as Chief Information Security Officer

Asia Cement GDR to Be Deleted from Other OTC

Asia Cement Intents to Seek Cancellation of the Listing of GDRs

Asia Cement Corporation's "Full Shore Power" for A Green, Low-Carbon Port

First quarter 2021 earnings released: EPS NT$1.02 (vs NT$0.24 in 1Q 2020)

Full year 2020 earnings released: EPS NT$4.70 (vs NT$5.56 in FY 2019)

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

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

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

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

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

New 90-day low: NT$40.75

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

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

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

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

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

Third quarter 2020 earnings released: EPS NT$1.57

Earnings beat expectations, revenue disappoints

New 90-day high: NT$43.65

Asia Cement Corporation (TSEC:1102) completed the acquisition of an additional 39.97% stake in Chiahui Power Corp. from J-POWER Investment Netherlands B.V.

J-POWER Investment Netherlands B.V. agreed to acquire 40.1% stake in Chiahui Power Corp. from Asia Cement Corporation (TSEC:1102) and Asia Investment Corp for TWD 5.4 billion.

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity

Discover growth companies

Company Analysis and Financial Data Status

Data Sources

Analysis Model and Snowflake

Industry and Sector Metrics