Asia Cement Corp (TWSE:1102)

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Price: 40.7 TWD -0.61%

Market Cap: 144.3B TWD

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Section:

Relative Value

The Relative Value of one Asia Cement Corp stock under the Base Case scenario is 41.24 TWD. Compared to the current market price of 40.7 TWD, Asia Cement Corp is Undervalued by 1%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

What is Relative Valuation?

How is Relative Value calculated?

Relative Value

Base Case

Worst Case

Base Case

Best Case

Valuation Multiples

1.9

P/S

vs History	6
vs Industry	22

Median 5Y

1.7

Industry

0.8

Forward

1.9

More Details

13.9

P/E

vs History	3
vs Industry	40

Median 5Y

Industry

15.3

Forward

12.4

More Details

6.3

P/OCF

vs History	69
vs Industry	35

Median 5Y

8.2

Industry

8.9

More Details

139.2

P/FCFE

vs History	3
vs Industry	27

Median 5Y

9.8

Industry

13.1

More Details

0.8

P/B

vs History	61
vs Industry	55

Median 5Y

0.9

Industry

1.2

More Details

1.9

EV/S

vs History	22
vs Industry	24

Median 5Y

1.9

Industry

Forward

1.8

More Details

14.6

EV/GP

vs History	15
vs Industry	14

Median 5Y

9.4

Industry

5.2

More Details

EV/EBITDA

vs History	11
vs Industry	27

Median 5Y

8.8

Industry

9.7

Forward

12.6

More Details

22.8

EV/EBIT

vs History	6
vs Industry	19

Median 5Y

11.5

Industry

12.4

Forward

21.8

More Details

6.2

EV/OCF

vs History	79
vs Industry	36

Median 5Y

9.1

Industry

10.1

More Details

7.5

EV/FCFF

vs History	79
vs Industry	31

Median 5Y

16.4

Industry

12.6

More Details

0.6

EV/IC

vs History	73
vs Industry	54

Median 5Y

0.7

Industry

0.8

More Details

Multiples Across Competitors

All Multiples

P/S

P/E

EV/EBITDA

EV/EBIT

Forward Multiples

			Market Cap	P/S	P/E	EV/EBITDA	EV/EBIT
TW		Asia Cement Corp TWSE:1102	145.2B TWD	1.9	13.9	13	22.8
IE	C	CRH PLC NYSE:CRH	64.1B USD	1	10.7	7	8.8
CH		Holcim AG SIX:HOLN	49.1B CHF	1.8	16.3	8.5	12.7
IN		UltraTech Cement Ltd NSE:ULTRACEMCO	3.3T INR	4.6	50.1	26.4	36.2
US		Vulcan Materials Co NYSE:VMC	34.7B USD	4.7	41	19	27.6
US		Martin Marietta Materials Inc NYSE:MLM	32.5B USD	5	16.4	18.2	25.1
DE		HeidelbergCement AG XETRA:HEI	21.8B EUR	0.8	2.9	2.6	3.1
IN		Grasim Industries Ltd NSE:GRASIM	1.7T INR	1.2	38	9.8	12
CN		Anhui Conch Cement Co Ltd SSE:600585	127.2B CNY	1.2	18.5	10.4	10.4
IN		Ambuja Cements Ltd NSE:AMBUJACEM	1.3T INR	4.1	45	21.1	31.2
DE	H	Heidelberg Materials AG XMUN:HEI	13.9B EUR	0.5	1.8	1.8	2.1

				Revenue Growth	P/S to Growth
TW		Asia Cement Corp TWSE:1102	Average P/S: 2.4 1.9	7%	0.3
IE	C	CRH PLC NYSE:CRH	1	18%	0.1
CH		Holcim AG SIX:HOLN	1.8	11%	0.2
IN		UltraTech Cement Ltd NSE:ULTRACEMCO	4.6	37%	0.1
US		Vulcan Materials Co NYSE:VMC	4.7	13%	0.3
US		Martin Marietta Materials Inc NYSE:MLM	5	17%	0.3
DE		HeidelbergCement AG XETRA:HEI	0.8	9%	0.1
IN		Grasim Industries Ltd NSE:GRASIM	1.2	40%	0
CN		Anhui Conch Cement Co Ltd SSE:600585	1.2	-2%	N/A
IN		Ambuja Cements Ltd NSE:AMBUJACEM	4.1	52%	0.1
DE	H	Heidelberg Materials AG XMUN:HEI	0.5	9%	0.1

				Earnings Growth	P/E to Growth
TW		Asia Cement Corp TWSE:1102	Average P/E: 23.1 13.9	0%	134.1
IE	C	CRH PLC NYSE:CRH	10.7	55%	0.2
CH		Holcim AG SIX:HOLN	16.3	34%	0.5
IN		UltraTech Cement Ltd NSE:ULTRACEMCO	50.1	67%	0.7
US		Vulcan Materials Co NYSE:VMC	41	51%	0.8
US		Martin Marietta Materials Inc NYSE:MLM	16.4	26%	0.6
DE		HeidelbergCement AG XETRA:HEI	2.9	26%	0.1
IN		Grasim Industries Ltd NSE:GRASIM	38	77%	0.5
CN		Anhui Conch Cement Co Ltd SSE:600585	18.5	3%	6.8
IN		Ambuja Cements Ltd NSE:AMBUJACEM	45	64%	0.7
DE	H	Heidelberg Materials AG XMUN:HEI	1.8	26%	0.1

				EBITDA Growth	EV/EBITDA to Growth
TW		Asia Cement Corp TWSE:1102	Average EV/EBITDA: 12.5 13	9%	1.4
IE	C	CRH PLC NYSE:CRH	7	35%	0.2
CH		Holcim AG SIX:HOLN	8.5	22%	0.4
IN		UltraTech Cement Ltd NSE:ULTRACEMCO	26.4	62%	0.4
US		Vulcan Materials Co NYSE:VMC	19	30%	0.6
US		Martin Marietta Materials Inc NYSE:MLM	18.2	23%	0.8
DE		HeidelbergCement AG XETRA:HEI	2.6	29%	0.1
IN		Grasim Industries Ltd NSE:GRASIM	9.8	44%	0.2
CN		Anhui Conch Cement Co Ltd SSE:600585	10.4	77%	0.1
IN		Ambuja Cements Ltd NSE:AMBUJACEM	21.1	80%	0.3
DE	H	Heidelberg Materials AG XMUN:HEI	1.8	29%	0.1

				EBIT Growth	EV/EBIT to Growth
TW		Asia Cement Corp TWSE:1102	Average EV/EBIT: 17.5 22.8	4%	6.1
IE	C	CRH PLC NYSE:CRH	8.8	42%	0.2
CH		Holcim AG SIX:HOLN	12.7	35%	0.4
IN		UltraTech Cement Ltd NSE:ULTRACEMCO	36.2	67%	0.5
US		Vulcan Materials Co NYSE:VMC	27.6	40%	0.7
US		Martin Marietta Materials Inc NYSE:MLM	25.1	22%	1.1
DE		HeidelbergCement AG XETRA:HEI	3.1	40%	0.1
IN		Grasim Industries Ltd NSE:GRASIM	12	83%	0.1
CN		Anhui Conch Cement Co Ltd SSE:600585	10.4	6%	1.6
IN		Ambuja Cements Ltd NSE:AMBUJACEM	31.2	79%	0.4
DE	H	Heidelberg Materials AG XMUN:HEI	2.1	40%	0.1

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Asia Cement Corp
TWSE:1102

Relative Value

Valuation Multiples

Multiples Across Competitors

Competitors Multiples
Asia Cement Corp Competitors

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Company

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52 Week Range	39.2 47.75
Price Target

Asia Cement Corp TWSE:1102

Relative Value

Valuation Multiples

Multiples Across Competitors

Competitors Multiples Asia Cement Corp Competitors

See Also

Company

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Asia Cement Corp
TWSE:1102

Competitors Multiples
Asia Cement Corp Competitors