1. Taiwan, Province of China Stocks

  2. •

    Basic Materials

  3. •

    Construction Materials
Taiwan Cement Corp.

Taiwan Cement Corp.

TGBMF
Taiwan Cement Corp.US flagOther OTC
0.99
USD
- -
- -
7.44BMarket Cap
Taiwan Cement Corp.
TGBMF
(Other OTC)

Recent

price

0.99

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
23.64
23.61
22.65
23.13
23.57
18.66
17.84
19.11
20.79
19.47
16.79
16.11
16.67
15.18
20.53
19.93
19.92
Revenue per Share
1.79
1.72
1.55
2
2.16
1.15
1.27
1.48
3.53
3.84
3.98
3.05
0.79
1.11
1.5
-1.55
-1.54
Basic EPS, GAAP
0.47
1
3.88
3.78
3.23
3.72
3.12
2.04
2.97
2.66
3.26
-0.06
-2.66
1.43
-0.38
0.82
0.82
Free Cash Flow per Basic Share
1.32
1.47
1.86
1.72
2.27
2.38
1.44
1.48
1.42
3.03
2.61
3.46
1.12
0.56
1.25
1.45
1.08
Dividend per Share
10.65
11.53
11.56
16.77
17.22
16.43
16.79
17.78
18.8
19.07
20.97
20.34
20.2
20.28
19.69
17.28
17.27
Book Value per Share
24.92
24.37
24.81
26.72
28.38
26.47
25.15
25.62
29.19
29.62
31.27
29.49
30.48
30.84
32.05
30.2
30.18
Tangible Book Value per Share
4,492
5,020
5,020
5,020
5,020
5,020
5,020
5,144
5,993
6,307
6,308
6,646
6,836
7,202
7,531
7,517
7,521
Basic Weighted Avg Shares
106,207
118,497
113,699
116,099
118,326
93,679
89,564
98,312
124,595
122,783
105,911
107,041
113,930
109,314
154,607
149,804
149,804
Sales/Revenue/Turnover
14.74
13.65
11.62
15.31
16.78
10.33
14.55
14.2
22.62
24.56
29.87
18.48
1.02
9.18
11.08
6.73
6.73
Operating Margin (%)
7,656
8,079
6,460
7,174
6,677
7,419
6,991
6,464
6,517
7,340
7,265
7,064
8,528
9,285
16,470
18,415
18,415
Depreciation Expense
8,031
8,620
7,784
10,027
10,829
5,776
6,358
7,594
21,181
24,211
25,099
20,256
5,405
7,998
11,259
-11,618
-11,618
Net Income, GAAP
10.4
16.93
17.51
18.74
21.77
20.08
23.21
25.33
25.87
22
20.5
22.74
37.45
30.31
31.55
- -
97.49
Effective Tax Rate (%)
7.56
7.27
6.85
8.64
9.15
6.17
7.1
7.72
17
19.72
23.7
18.92
4.74
7.32
7.28
-7.76
-7.76
Profit Margin (%)
21,880
18,894
13,544
17,390
27,974
22,510
22,779
27,527
45,877
51,613
52,205
80,665
100,415
80,532
87,007
92,216
92,216
Working Capital
69,476
62,488
54,868
47,342
50,457
57,986
53,342
43,495
69,887
68,327
80,874
101,484
118,551
122,901
156,664
171,672
171,672
LT Debt
124,514
139,160
141,806
153,619
162,018
155,484
147,397
152,647
197,379
208,462
218,830
225,655
238,276
253,901
307,908
292,706
292,706
Total Equity
7.56
5.92
4.47
5.85
6.06
2.95
4.01
4.37
7.64
7.53
7.53
4.12
0.18
1.7
2.54
- -
4.33
Return on Invested Capital (%)
3.26
3.05
3.99
3.14
2.93
2.64
2.38
3.1
10.03
10.33
9.15
6.88
2.6
2.57
2.85
- -
-3.36
Return on Capital (%)
17.78
16.31
13.43
14.1
12.69
6.84
7.63
8.64
20.75
20.79
19.87
15.15
3.96
5.63
7.65
-8.35
-8.35
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Jun'25
Sep'25
Dec'25
ST Debt
35,764
51,978
41,232
LT Borrowings
159,801
158,312
165,639
LT Finance Leases
5,649
5,685
6,032
Preferred Equity and Hybrid Capital
2,000
2,000
2,000
Shares Outstanding
7,531
7,493
7,493
Market Capitalization
216,778
226,879
233,472

Working Capital

FRC

•

in mil. unless spec.
Jun'25
Sep'25
Dec'25
Total Current Assets
166,161
178,421
178,164
Cash, Cash Equivalents & STI
107,885
116,328
118,362
Accounts Receivable, Net
22,140
24,753
23,558
Inventories
18,344
19,498
19,024
Total Current Liabilities
82,927
94,126
85,948
Payables & Accruals
- -
- -
- -
ST Debt
35,764
51,978
41,232
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
6.98%
6.32%
-4.94%
Free Cash Flow
347.61%
687.76%
-315.98%
Net Income, GAAP
1.94%
-41.41%
-203.18%
Sales/Revenue/Turnover
5.87%
8.36%
-3.11%
Total Cash Common Dividend
16.13%
14.67%
15.38%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
26,296
27,668
27,002
28,348
109,314
2024
25,545
38,969
41,075
49,018
154,607
2025
34,956
35,354
39,067
40,427
149,804

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
0.2
0.45
0.17
- -
1.11
2024
0.26
0.25
0.42
- -
1.5
2025
0.07
0.06
-1.36
- -
-1.55

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
0.56
2024
- -
- -
1.08
- -
1.25
2025
- -
- -
1.08
- -
1.45
Similar Companies
Kesoram Industries Limited (KESORAMIND.BO)
SigmaRoc plc (SRC.L)
Kyoritsu Air Tech Inc. (5997.T)
Divyashakti Granites Limited (DIVSHKT.BO)
PT Semen Baturaja (Persero) Tbk (SMBR.JK)
Alltainer AB (ALLT.ST)
Business
TCC Group Holdings Co., Ltd. TCC Group Holdings Co., Ltd. (TGBMF) operates as a holding company principally engaged in the production and sale of cement and ready-mixed concrete through its subsidiaries, with diversified operations spanning low-carbon construction materials, resource recycling, green energy, and related services. The company manufactures and markets cement, cement-related products including clinkers and slag powder, ready-mix concrete, and cementitious materials; it also produces and sells refractory, chemical, and rubber raw materials, batteries, and limestone, while generating thermal and renewable energy. Additional activities encompass sand and gravel filtering, mining excavation, import-export trading, warehousing, transportation, property leasing, engineering and construction, waste collection and treatment including dangerous waste, industrial port management, marine transportation, afforestation, business consulting, information software design, and logistics; operations extend across Taiwan, mainland China, Europe including Portugal and through Cimpor, Turkey via joint ventures such as with OYAK, Africa, and 13 international markets overall, targeting construction, industrial, and energy sectors with a focus on sustainability. Founded in 1946 and headquartered in Taipei, Taiwan, TCC Group Holdings maintains a 32% market share in Taiwan's cement market. In May 2024, the company restructured as a group holding entity, changing its English name from Taiwan Cement Corporation to TCC Group Holdings Co., Ltd. to reflect expansion into 11 industries; recent developments include completing the squeeze-out acquisition of NHOA S.A. shares in December 2024 via its European subsidiary, advancing green energy initiatives, and ceasing Russian coal purchases in 2024 to bolster low-carbon strategies, with 45% of 2023 profits from European low-carbon cement operations.