Universal Cement Corp (TWSE:1104)

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Price: 27.95 TWD

Market Cap: 19.2B TWD

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Section:

Relative Value

The Relative Value of one Universal Cement Corp stock under the Base Case scenario is 25.02 TWD. Compared to the current market price of 27.95 TWD, Universal Cement Corp is Overvalued by 10%.

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

2.4

P/S

vs History	28
vs Industry	15

Median 5Y

2.3

Industry

0.8

More Details

12.2

P/E

vs History	3
vs Industry	48

Median 5Y

10.2

Industry

15.3

More Details

10.8

P/OCF

vs History	66
vs Industry	24

Median 5Y

12.8

Industry

8.9

More Details

17.4

P/FCFE

vs History	36
vs Industry	5

Median 5Y

17.4

Industry

13.1

More Details

0.8

P/B

vs History	23
vs Industry	52

Median 5Y

0.7

Industry

1.2

More Details

2.1

EV/S

vs History	55
vs Industry	18

Median 5Y

2.3

Industry

More Details

10.6

EV/GP

vs History	88
vs Industry	17

Median 5Y

12.7

Industry

5.2

More Details

14.4

EV/EBITDA

vs History	79
vs Industry	17

Median 5Y

18.2

Industry

9.7

More Details

17.5

EV/EBIT

vs History	79
vs Industry	18

Median 5Y

22.7

Industry

12.4

More Details

9.7

EV/OCF

vs History	80
vs Industry	29

Median 5Y

11.9

Industry

10.1

More Details

EV/FCFF

vs History	87
vs Industry	27

Median 5Y

14.2

Industry

12.6

More Details

0.7

EV/IC

vs History	22
vs Industry	43

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		Universal Cement Corp TWSE:1104	19.1B TWD	2.4	12.2	14.4	17.5
IE	C	CRH PLC NYSE:CRH	64.4B USD	1	10.8	7.1	8.9
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	34.9B USD	4.7	41.3	19.1	27.8
US		Martin Marietta Materials Inc NYSE:MLM	32.6B USD	5	16.4	18.2	25.2
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	128.8B CNY	1.2	18.6	10.6	10.6
IN		Ambuja Cements Ltd NSE:AMBUJACEM	1.3T INR	4.1	45	21.1	31.3
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		Universal Cement Corp TWSE:1104	Average P/S: 2.5 2.4	N/A	N/A
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%	0.4
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		Universal Cement Corp TWSE:1104	Average P/E: 23 12.2	N/A	N/A
IE	C	CRH PLC NYSE:CRH	10.8	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	41.3	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	18.6	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		Universal Cement Corp TWSE:1104	Average EV/EBITDA: 12.7 14.4	N/A	N/A
IE	C	CRH PLC NYSE:CRH	7.1	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	19.1	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	10.6	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		Universal Cement Corp TWSE:1104	Average EV/EBIT: 17 17.5	N/A	N/A
IE	C	CRH PLC NYSE:CRH	8.9	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	27.8	40%	0.7
US		Martin Marietta Materials Inc NYSE:MLM	25.2	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	10.6	6%	1.6
IN		Ambuja Cements Ltd NSE:AMBUJACEM	31.3	79%	0.4
DE	H	Heidelberg Materials AG XMUN:HEI	2.1	40%	0.1

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Universal Cement Corp
TWSE:1104

Relative Value

Valuation Multiples

Multiples Across Competitors

Competitors Multiples
Universal Cement Corp Competitors

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Company

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52 Week Range	27.75 36.9
Price Target

Universal Cement Corp TWSE:1104

Relative Value

Valuation Multiples

Multiples Across Competitors

Competitors Multiples Universal Cement Corp Competitors

See Also

Company

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Universal Cement Corp
TWSE:1104

Competitors Multiples
Universal Cement Corp Competitors