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← CockpitCompetitor Analysis › KUO.SI International Cement Group Ltd.Open in the cockpit ↗

International Cement Group Ltd.KUO.SICompetitor analysis, valuation and peers

Singapore · SGD·Materials›Construction Materials
Momentum laggard 8
Mkt cap
$218M
US dollars, full cap
Free float
11%
of shares outstanding
$/day
$278,517
20-day average traded
Fwd P/E
n/m
no positive forecast
ROIC−WACC
+13.2 pp
WACC 11.5%
Hurdle
-39 pp
Req g minus delivered
Close · SGDS$0.05
1D-5.9%
1W-2.0%
1M-11.1%
3M-41.5%
6M-32.4%
YTD+17.1%
1Y+4.3%
ATR %5.0%
52w lowhigh48.4% off high

What International Cement does

No business profile yet.

International Cement at a glance

Size International Cement (KUO.SI) is a Singapore Materials company (Construction Materials) with a market value of $218M, the 159th largest of 186 Singapore companies the cockpit tracks. Shares closed at S$0.05 on 6 Nov 2026.

Performance Over six months the shares fell 32.4%, against -19.9% for the median peer and -1.2% for the Singapore market (cap-weighted) — 7th lowest of 21 in its peer set.

Growth Revenue grew 36.1% over the last twelve months (peer median -3.3%); the operating margin is 26.9% (peer median 6.2%).

Valuation It trades at 0.7× enterprise value to sales against a peer median of 1.4× (3rd cheapest of 21).

Price implies For today's price to make sense, revenue must grow about -17% a year for seven years (Req g). Recent delivered growth is +22%, so the hurdle is -39 pp: the price already allows for a slowdown.

Capital Return on invested capital runs 13.2 points above its cost of capital (11.5% WACC).

Relative performance

608010011 May 202611 Aug 20266 Nov 2026Peer median 80KUO.SI 62
Six months, rebased to 100: International Cement against the median of its 20 peers (local-currency closes).

International Cement financials

Reported figures in SGD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueS$434MS$379MS$257MS$257MS$225M
Revenue growth—+47%0%+14%—
Gross profitS$174MS$144MS$87.8MS$87.5MS$96.7M
EBITDAS$145MS$118MS$67.4MS$52.7MS$74.4M
Net incomeS$71.5MS$60.0MS$135,000S$13.7MS$28.9M
Free cash flowS$79.4MS$36.5MS$22.7MS$38.7MS$14.7M
Capital expenditureS$65.3MS$67.3MS$40.3MS$38.7MS$47.8M
Total debtn/aS$34.7MS$46.8MS$37.9MS$42.9M

Quarterly statements and history in the cockpit →

International 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

-40%-20%0%-30%-20%-10%0%N025262528800237706955290003300002398688398600668IBST0385006005399930FORT300135000965600802002457KUO.SI6-month return →1-month return →
Up and to the right = strong over both horizons. International Cement is the large dot.

Fundamentals: revenue growth against valuation

-25%0%+25%+50%2×4×6×N02526252880023770695003300002398688398600668038500600539FORT300135000789000965600802002457KUO.SIRevenue growth (TTM) →EV / Sales →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. International Cement is the large dot.

Capital: growth delivered against growth the price implies

-20%0%+20%+40%-20%0%20%40%N0252880023775290003300002398688398038500FORT300135000789KUO.SIGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. International Cement is the large dot.

International Cement competitors and peer comparison

How International 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.

International Cement against its 20 peers (data as of 6 Nov 2026)
MeasureKUO.SIPeer medianRank in peer set
1-month return-11.1%-7.8%8th lowest of 21
6-month return-32.4%-19.9%7th lowest of 21
Distance from 52-week high-48.4%-39.1%4th lowest of 21
Revenue growth (TTM)+36.1%-3.3%3rd highest of 21
Operating margin26.9%6.2%2nd highest of 21
EV / Sales0.7×1.4×3rd cheapest of 21
Growth the price implies (Req g, 7 yrs)-17.0%-3.7%2nd least demanding of 14
Growth delivered (Del g)+21.7%+4.7%highest of 14
Hurdle (Req g minus delivered)-38.8 pp+0.2 ppleast demanding of 14
ROIC minus cost of capital+13.2 pp-2.8 pp3rd highest of 21
EV / EBITDA2.0×7.1×cheapest of 13
Net debt / EBITDA-0.2×1.3×5th least indebted of 13

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginEV / SalesReq gDelivered g
International Cement KUO.SISingapore$218M-32%+36%27%0.7×-17.0%+21.7%
NSL N02.SISingapore$262M+2%+24%10%0.5×-17.3%+9.3%
Nippon Hume 5262.TJapan$329M-16%+22%6%1.0×n/an/a
ASIA PILE 5288.TJapan$340M+1%+11%10%0.4×-16.0%+5.9%
Hubei Guochuang Hi-Tech Material 002377.SZChina$343M-34%+134%43%1.5×-12.6%-12.8%
Dongwu Cement International 0695.HKHong Kong$378M-36%-41%-20%20.1×n/an/a
Vertex 5290.TJapan$383M-42%+18%14%1.0×-11.1%+4.3%
Hanil 003300.KSSouth Korea$384M-4%-10%7%0.9×-3.7%+4.7%
Lets 002398.SZChina$394M-24%-13%1%0.8×-3.7%-9.3%
Fujian SuperTech Advanced Material 688398.SSChina$399M-50%+7%5%3.1×42.2%+14.2%
Zhejiang Jianfeng 600668.SSChina$403M-41%-13%-12%1.5×n/an/a
Ibstock IBST.LUnited Kingdom$408M-19%-10%3%1.4×n/an/a
SAMPYO Cement 038500.KSSouth Korea$413M-69%-3%10%1.4×4.7%+4.5%
Lionhead Technology Development 600539.SSChina$427M-30%-5%-7%6.1×n/an/a
CHC Resources 9930.TWTaiwan$433M-17%-2%10%1.2×-5.8%+7.0%
Forterra FORT.LUnited Kingdom$445M+11%-5%10%1.2×6.4%+5.7%
Jiangsu Baoli Asphalt 300135.SZChina$470M-17%-4%-2%2.8×43.7%-7.5%
Jiangxi Wannianqing Cement 000789.SZChina$471M-21%-28%-9%1.5×24.3%-18.3%
Tianjin Tianbao Infrastructure 000965.SZChina$476M-23%+65%8%1.9×n/an/a
Fujian Cement 600802.SSChina$502M+29%-22%-23%3.6×n/an/a
Qinglong Pipes Industry 002457.SZChina$507M-12%+4%6%1.4×0.0%+5.1%

Questions

Which companies are International Cement's closest peers?
The cockpit's peer set: NSL (N02.SI), Nippon Hume (5262.T), ASIA PILE (5288.T), Hubei Guochuang Hi-Tech Material (002377.SZ), Dongwu Cement International (0695.HK), Vertex (5290.T), Hanil (003300.KS), Lets (002398.SZ).
Is International Cement expensive compared with its peers?
On ev / sales it trades at 0.7× against a peer median of 1.4×, 3rd cheapest of 21 in its peer set. For today's price to make sense, revenue must grow about -17% a year for seven years (Req g). Recent delivered growth is +22%, so the hurdle is -39 pp: the price already allows for a slowdown.
How has International Cement stock performed?
Over six months to 6 Nov 2026 the shares returned -32.4% against -19.9% for the median peer; over one year +4.3%.

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.