Company Valuation: Asia Cement Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 157,069 145,383 147,005 143,281 131,932 126,612 - -
Change - -7.44% 1.12% -2.53% -7.92% -4.03% - -
Enterprise Value (EV) 1 187,402 171,976 244,955 182,449 180,650 146,237 156,142 134,765
Change - -8.23% 42.43% -25.52% -0.99% -19.05% 6.77% -13.69%
P/E 9.43x 11.3x 12.6x 10.5x 12.4x 11.8x 11x 11.5x
PBR 1x 0.9x 0.81x 0.74x 0.73x 0.68x 0.64x 0.63x
PEG - -0.5x -1.31x 0.6x -0.6x 8.82x 1.52x -2.68x
Capitalization / Revenue 1.75x 1.61x 1.83x 1.88x 1.86x 1.75x 1.74x 1.7x
EV / Revenue 2.09x 1.9x 3.05x 2.39x 2.54x 2.03x 2.15x 1.81x
EV / EBITDA 8.29x 12.9x 20.1x 14.5x 14.4x 12.3x 11.7x 11x
EV / EBIT 10.6x 20.1x 32.8x 22.9x 21.5x 20.3x 19.5x 17.6x
EV / FCF 35.1x 13.6x 76.8x 8.77x 14.1x 8.42x 25.4x -
FCF Yield 2.85% 7.35% 1.3% 11.4% 7.09% 11.9% 3.94% -
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% 5.26% 5.22% 4.37%
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 35.70 35.70 35.70
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 31/3/22 16/3/23 15/3/24 17/3/25 16/3/26 - - -
1TWD in Million2TWD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
11.78x2.03x12.29x5.26% 3.93B
20.43x2.73x10.76x2.55% 49.93B
23.47x3.33x12.05x-.--% 14.04B
10.23x0.42x1.84x4.92% 12.58B
12.9x3.48x7.06x5.96% 12.74B
54.41x4.49x20.38x0.52% 9.94B
9.15x1.39x5.24x1.78% 8.86B
25.2x8.25x15.31x3.82% 8.37B
15.91x3.42x10.7x0.49% 6.35B
25.36x1.28x6.28x3.63% 5.3B
Average 20.88x 3.08x 10.19x 2.89% 13.2B
Weighted average by Cap. 20.88x 2.99x 10.20x 2.73%

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