Company Valuation: Asia Cement Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 157,069 145,383 147,005 143,281 131,932 133,705 - -
Change - -7.44% 1.12% -2.53% -7.92% 1.34% - -
Enterprise Value (EV) 1 187,402 171,976 244,955 182,449 180,650 169,452 158,898 141,859
Change - -8.23% 42.43% -25.52% -0.99% -6.2% -6.23% -10.72%
P/E 9.43x 11.3x 12.6x 10.5x 12.4x 11.5x 11.3x 12.1x
PBR 1x 0.9x 0.81x 0.74x 0.73x 0.69x 0.68x 0.67x
PEG - -0.5x -1.31x 0.6x -0.6x 1.23x 4.59x -1.69x
Capitalization / Revenue 1.75x 1.61x 1.83x 1.88x 1.86x 1.9x 1.91x 1.89x
EV / Revenue 2.09x 1.9x 3.05x 2.39x 2.54x 2.41x 2.27x 2.01x
EV / EBITDA 8.29x 12.9x 20.1x 14.5x 14.4x 14x 12.6x 11.9x
EV / EBIT 10.6x 20.1x 32.8x 22.9x 21.5x 23.5x 20.9x 18.5x
EV / FCF 35.1x 13.6x 76.8x 8.77x 14.1x 18.9x 19.7x 18.2x
FCF Yield 2.85% 7.35% 1.3% 11.4% 7.09% 5.29% 5.08% 5.49%
Dividend per Share 2 3.4 2.3 2.1 2.2 2.3 1.864 1.951 1.56
Rate of return 7.67% 5.61% 5.07% 5.45% 6.18% 4.94% 5.17% 4.14%
EPS 2 4.7 3.63 3.28 3.85 2.99 3.269 3.35 3.11
Distribution rate 72.3% 63.4% 64% 57.1% 76.9% 57% 58.2% 50.2%
Net sales 1 89,655 90,341 80,183 76,297 71,039 70,248 70,130 70,689
EBITDA 1 22,616 13,341 12,216 12,549 12,575 12,080 12,637 11,918
EBIT 1 17,686 8,571 7,460 7,964 8,406 7,218 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 37.70 37.70 37.70
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 3/31/22 3/16/23 3/15/24 3/17/25 3/16/26 - - -
1TWD in Million2TWD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
11.53x2.41x14.03x4.94% 4.12B
15.33x1.79x8.77x1.81% 57.57B
18.82x2.55x10.04x2.76% 45.41B
34.51x6.12x18.59x0.68% 36.22B
34.17x3.37x17.96x1.14% 34.3B
30.53x4.67x15.89x0.79% 34.34B
11.63x1.4x6.53x2.64% 28.75B
16.3x2.04x8.26x1.34% 21.82B
66.89x4.15x64.28x0.34% 20.65B
15.28x4.93x9.95x2.6% 18.66B
Average 25.50x 3.34x 17.43x 1.9% 30.18B
Weighted average by Cap. 25.22x 3.28x 15.69x 1.66%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Asia Cement Corporation

Historical PBR trend

Valuation ratios - PBR - Asia Cement Corporation

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Asia Cement Corporation

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Asia Cement Corporation


Year-on-year evolution of the Yield

Valuation ratios - Yield - Asia Cement Corporation
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