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← CockpitCompetitor Analysis › 1104.TW Universal Cement CorporationOpen in the cockpit ↗

Universal Cement Corporation1104.TWCompetitor analysis, valuation and peers

Taiwan · TWD·Materials›Construction Materials
Momentum strong 70
Competitor Analysis ▸ ChartsOpen in the cockpit
Mkt cap
$543M
US dollars, full cap
Free float
80%
of shares outstanding
$/day
$384,655
20-day average traded
P/B
0.74×
price to book
ROE
7.3%
delivered
Implied ROE
3.0%
what the price asks
Next earnings
126 days
12 Mar 2027
Close · TWDNT$26.15
1D-1.3%
1W-2.2%
1M-1.3%
3M-1.1%
6M-7.4%
YTD-12.8%
1Y-20.1%
ATR %1.3%
52w lowhigh20.3% off high

What Universal Cement does

No business profile yet.

Universal Cement at a glance

Size Universal Cement (1104.TW) is a Taiwan Materials company (Construction Materials) with a market value of $543M, the 421st largest of 687 Taiwan companies the cockpit tracks. Shares closed at NT$26.15 on 6 Nov 2026.

Performance Over six months the shares fell 7.4%, against -17.3% for the median peer and -3.4% for the Taiwan market (cap-weighted) — 7th highest of 20 in its peer set.

Growth Revenue fell 4.7% over the last twelve months (peer median -2.8%); the operating margin is 16.2% (peer median 6.8%).

Valuation It trades at 0.74× book value against a peer median of 1.52× (5th cheapest of 21).

Price implies The share price implies a return on equity of about 3.0%; Universal Cement delivers 7.3%, so the price asks less than the business earns today.

Next results Next results expected around 12 Mar 2027 (exchange calendar; dates can move).

Relative performance

809010011 May 202611 Aug 20266 Nov 20261104.TW 92Peer median 83
Six months, rebased to 100: Universal Cement against the median of its 20 peers (local-currency closes).

Universal Cement financials

Reported figures in TWD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueNT$7.49BNT$7.92BNT$7.95BNT$7.80BNT$7.06B
Revenue growth—0%+2%+11%—
Gross profitNT$2.20BNT$1.75BNT$1.53BNT$1.48BNT$1.30B
EBITDAn/aNT$1.45BNT$1.28BNT$1.16BNT$1.02B
Net incomeNT$1.75BNT$1.76BNT$1.48BNT$2.11BNT$2.04B
Free cash flown/aNT$1.26BNT$1.68BNT$1.27BNT$534M
Capital expendituren/aNT$175MNT$181MNT$198MNT$326M
Total debtn/aNT$3.72BNT$2.67BNT$2.92BNT$3.75B

Quarterly statements and history in the cockpit →

Universal Cement competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-50%0%+50%-20%0%+20%00259660508653511518603916002457600802MSLH688119000965300135RMIXWGNFORT99300385001104.TW6-month return →1-month return →
Up and to the right = strong over both horizons. Universal Cement is the large dot.

Fundamentals: return on equity against price-to-book

-40%-20%0%20%00×50×100×00259660508653511518603916002457600802MSLH688119000789300135RMIXWGN99306005391104.TWReturn on equity →Price / book →
A bank or insurer earning more on its equity usually trades at a higher multiple of book; points far above the trend are priced for more. Universal Cement is the large dot.

Capital: ROE delivered against the ROE the price implies

-40%-20%0%20%40%-25%0%25%50%002596605086535115186039166008026881197943000965300135RMIXWGNFORT99306005391104.TWROE delivered →ROE the price implies →
Above the diagonal = the price asks for a higher return on equity than the business earns today. Universal Cement is the large dot.

Universal Cement competitors and peer comparison

How Universal Cement compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Universal Cement against its 20 peers (data as of 6 Nov 2026)
Measure1104.TWPeer medianRank in peer set
1-month return-1.3%-5.1%7th highest of 21
6-month return-7.4%-17.3%7th highest of 20
Return on equity7.3%3.1%7th highest of 20
Price / book0.74×1.52×5th cheapest of 21
ROE the price implies3.0%11.9%2nd least demanding of 21
ROE delivered7.3%3.1%7th highest of 20

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthROEPrice / bookImplied ROEDelivered ROE
Universal Cement 1104.TWTaiwan$543M-7%-5%7%0.74×3.0%7.3%
Hainan RuiZe New Building Material 002596.SZChina$544M-16%-16%-35%7.59×48.4%-35.2%
Longyan Kaolin Clay 605086.SSChina$550M-37%-9%8%2.34×21.9%8.4%
Shinagawa Refra 5351.TJapan$551M-3%+25%29%0.77×7.5%29.3%
Stewards SWRDUnited States$555Mn/a+30%n/a259.22×2,645.6%n/a
Mitsui Matsushima 1518.TJapan$526M+57%+9%12%1.36×10.7%11.6%
Sobute New Materials 603916.SSChina$573M-24%-3%3%0.88×9.1%3.0%
Qinglong Pipes Industry 002457.SZChina$507M-12%+4%4%1.32×8.4%4.0%
Fujian Cement 600802.SSChina$502M+29%-22%-25%4.10×21.7%-25.2%
Marshalls MSLH.LUnited Kingdom$597M+40%0%3%0.67×9.8%3.1%
Sinosteel Luonai Materials Technology 688119.SSChina$597M-32%-2%-9%1.46×13.2%-9.1%
Nichiha 7943.TJapan$599M-10%-3%3%0.76×5.4%3.5%
Tianjin Tianbao Infrastructure 000965.SZChina$476M-23%+65%-1%0.58×2.9%-0.8%
Jiangxi Wannianqing Cement 000789.SZChina$471M-21%-28%-2%0.48×3.9%-1.7%
Jiangsu Baoli Asphalt 300135.SZChina$470M-17%-4%-9%3.62×23.7%-9.4%
Suncrete RMIXUnited States$646M-47%n/a-14%1.80×14.8%-14.3%
Wagners WGN.AXAustralia$650M-4%+17%22%4.29×27.1%21.8%
Forterra FORT.LUnited Kingdom$445M+11%-5%8%1.57×15.6%8.1%
CHC Resources 9930.TWTaiwan$433M-17%-2%17%2.22×6.4%16.8%
Lionhead Technology Development 600539.SSChina$427M-30%-5%-9%9.81×53.8%-9.1%
SAMPYO Cement 038500.KSSouth Korea$413M-69%-3%5%0.72×7.6%4.6%

Questions

Which companies are Universal Cement's closest peers?
The cockpit's peer set: Hainan RuiZe New Building Material (002596.SZ), Longyan Kaolin Clay (605086.SS), Shinagawa Refra (5351.T), Stewards (SWRD), Mitsui Matsushima (1518.T), Sobute New Materials (603916.SS), Qinglong Pipes Industry (002457.SZ), Fujian Cement (600802.SS).
Is Universal Cement expensive compared with its peers?
On price / book it trades at 0.74× against a peer median of 1.52×, 5th cheapest of 21 in its peer set. The share price implies a return on equity of about 3.0%; Universal Cement delivers 7.3%, so the price asks less than the business earns today.
How has Universal Cement stock performed?
Over six months to 6 Nov 2026 the shares returned -7.4% against -17.3% for the median peer; over one year -20.1%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.