Asia Cement Corporation (1102.TW) stock analysis

In our weekly check, Asia Cement Corporation is graded C (A to F). Of 25 checks on debt, profit, cash flow and trend: 16 pass, warnings: 2, red flags: 7.

About Asia Cement Corporation

Asia Cement Corporation is a Basic Materials company (Construction Materials) based in Taiwan, listed on TAI as 1102.TW.

What our checks show for 1102.TW

Red flags

• Net debt is 6.7x a year of EBITDA (debt/equity 0.52). That limits room in a downturn and raises refinancing risk.
• The gross margin fell by 9.3 points, to 14.3%: costs are rising faster than prices.
• Analysts expect the net margin to shrink by 4 points from today's 18.8%.
• Revenue fell 8.8% a year over the last 3 years.
• The stock has fallen as much as 70% from a peak. Would you have held through that?
• Recovering from its deepest fall took about 10.2 years.
• Return on capital (ROCE) is only 2.7%.

Warning signs

• Analysts expect earnings per share to shrink about 8.1% a year.
• Analysts expect only about 3.4% a year of growth in revenue.

Strengths

• The net margin rose by 2 points over 5 years, to 18.8%.
• Free cash flow is 12.4% of revenue: cash for dividends, buybacks or growth.
• The price is 9.9 times earnings (P/E), reasonable for its growth.
• The price moves calmly: 19.6% annual volatility.
• Beta 0.17: the stock usually moves less than the market.
• Actively traded: about 8.8 million shares a day.

Next earnings report: 2026-11-12

Similar companies

600176.SS · 1802.TW · 0914.HK · JCI · 1101.TW · CRH

Questions

What grade does Asia Cement Corporation (1102.TW) have?

In our weekly check, Asia Cement Corporation is graded C (A to F). Of 25 checks on debt, profit, cash flow and trend: 16 pass, warnings: 2, red flags: 7. The grade is a risk check, not a buy or sell recommendation.

What are the main risks of 1102.TW stock?

This week's biggest flags for Asia Cement Corporation: High debt, Gross margin falling, Margins expected to shrink. In total 9 of 25 checks show a warning or a red flag.

What does Asia Cement Corporation do?

Asia Cement Corporation is a Basic Materials company (Construction Materials) based in Taiwan, listed on TAI as 1102.TW.

When does Asia Cement Corporation report earnings next?

The next earnings report is expected on 2026-11-12. We re-run the checks every week, so the grade can change after it.

The grade is a risk check, not a price forecast, and not investment advice. In our 10-year test (S&P 500, 2016-2026), stocks we graded A or B fell more than 30% 2-3 times less often than D or F, without a lower average return.

Updated 2026-10-31

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