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    Construction materials
Hsing Ta Cement Co., Ltd.

Hsing Ta Cement Co., Ltd.

TTWSE:1109
13.05
TWD
0.00
(0.00%)
0.61EPS
22.10P/E
4.96BMarket Cap
Hsing Ta Cement Co., Ltd.
TWSE:1109
(Taiwan Stock Exchange)

Recent

price

13.05

P/E

ratio

22.10

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
TWD
5.04
7.3
10.17
12.64
12.5
11.3
12.07
14.44
18.95
22.88
22.21
21.58
18.7
18.35
13.65
12.99
11.34
Revenue per Share
-0.05
0.2
0.24
0.76
0.71
0.05
0.45
1.32
2.38
2.82
2.94
2.52
1.17
2.01
1.38
1.03
0.66
Basic EPS, GAAP
-3.75
-2.64
0.67
-0.17
1.03
0.72
1.19
1.12
2.34
5.78
5.84
2.97
3.63
1.44
0.56
1.53
0.79
Free Cash Flow per Basic Share
0.46
0.33
0.41
0.44
1.26
0.22
0.21
0.1
0.1
0.8
1.1
1.5
1.5
0.8
1.2
0.9
- -
Dividend per Share
16.34
16.74
16.6
17.08
16.58
15.06
15.02
16.56
18.25
19.94
21.93
22.9
22.76
23.79
24.33
24.52
24.16
Book Value per Share
16.15
16.72
16.59
17.06
16.57
15.05
15.01
16.55
18.25
19.79
21.78
22.87
22.74
23.74
24.28
24.5
24.11
Tangible Book Value per Share
360
360
360
360
400
385
360
372
354
342
342
342
342
341
341
341
356
Basic Weighted Avg Shares
1,815
2,629
3,662
4,551
5,000
4,351
4,346
5,376
6,701
7,823
7,593
7,378
6,388
6,260
4,656
4,432
4,038
Sales/Revenue/Turnover
-4.38
0.76
2.45
7.09
8.68
1.33
6.83
15.9
26.19
26.42
27.86
23.86
14.26
15.79
14.21
9.59
5.98
Operating Margin (%)
128
172
242
267
287
303
309
306
323
330
325
314
312
308
311
314
322
Depreciation Expense
-16
74
85
275
284
18
161
492
840
964
1,004
863
399
686
469
351
234
Net Income, GAAP
- -
12.07
36.93
13.02
21.1
619.29
15.14
20.93
28.74
30.17
31.61
34.05
47.85
27.35
26.34
27.75
28.13
Effective Tax Rate (%)
-0.9
2.8
2.33
6.03
5.67
0.41
3.7
9.15
12.54
12.32
13.22
11.69
6.25
10.96
10.08
7.92
5.81
Profit Margin (%)
2,450
2,029
1,826
1,799
927
1,439
1,545
2,012
2,550
3,426
4,410
4,996
4,931
5,296
5,466
4,848
4,318
Working Capital
874
1,515
1,165
900
- -
973
769
537
230
18
16
20
43
37
64
56
46
LT Debt
6,660
6,968
6,862
7,126
7,032
6,388
6,329
6,795
7,690
8,630
9,541
9,853
9,664
9,991
10,202
10,282
10,179
Total Equity
- -
0.12
0.68
3.36
4.06
-3.74
3.27
8.78
15.38
16.41
15.16
11.51
4.68
7.04
4.63
2.94
1.7
Return on Invested Capital (%)
- -
0.76
1.73
3.11
3.1
-0.45
2.21
3.9
5.61
5.65
6.09
5.22
2.81
5.59
4.05
3.1
2.51
Return on Capital (%)
-0.27
1.24
1.42
4.53
4.68
0.32
2.97
8.89
14.12
14.76
14.03
11.26
5.12
8.64
5.72
4.21
2.91
Return on Common Equity (%)

Capital Structure

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
42
100
33
LT Borrowings
- -
- -
- -
LT Finance Leases
56
56
46
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
341
341
341
Market Capitalization
5,288
5,186
4,964

Working Capital

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
5,858
5,601
5,528
Cash, Cash Equivalents & STI
3,864
3,629
3,621
Accounts Receivable, Net
330
246
279
Inventories
830
948
898
Total Current Liabilities
1,010
929
1,210
Payables & Accruals
- -
- -
- -
ST Debt
42
100
33
Deferred Revenue
- -
- -
- -

Growth Rates

TWD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
5%
1.53%
0.79%
Free Cash Flow
31.39%
4.93%
173.01%
Net Income, GAAP
103.82%
-10.54%
-25.19%
Sales/Revenue/Turnover
1.33%
-9.74%
-4.83%
Total Cash Common Dividend
- -
- -
-25%

Quarterly Revenue

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,097
1,376
1,059
1,124
4,656
2025
988
1,264
1,061
1,119
4,432
2026
855
1,003
- -
- -
- -

Quarterly Earnings Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.35
0.55
0.18
0.29
1.38
2025
0.25
0.24
0.31
0.23
1.03
2026
0.01
0.14
- -
- -
- -

Quarterly Dividends Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
1.2
2025
- -
- -
- -
- -
0.9
2026
- -
- -
- -
- -
- -
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Business
Hsing Ta Cement Co., Ltd. is a Taiwan-based company primarily engaged in the manufacture and sales of cement and clinker products. The company’s product portfolio includes Portland cement type I, low-alkali cement types I and II, blended hydraulic cement, hydraulic cement IS type, special cement clinker, silicate cement clinker, mineral powder, limestone, and ready-mixed concrete. Apart from cement and concrete, Hsing Ta also operates in quarrying, processing, warehousing, and distribution of minerals and limestone chemicals, as well as real estate sales and leasing. The company provides consultancy services in building management and is involved in the research, development, and promotion of environmental protection, energy conservation technologies, and related special equipment. Hsing Ta’s products are used extensively in construction projects including buildings, roads, pipelines, bridges, water dams, and ports primarily in Taiwan and mainland China. The company was founded in 1964 and is headquartered in Taipei, Taiwan. In the past 1-2 years, Hsing Ta Cement has focused on stabilizing sales and improving profitability amid industry challenges, reporting improved earnings in 3Q 2025 with a 37 percent increase in pretax profit and a 69 percent increase in net profit compared to the prior year. The company also canceled a significant planned repurchase of US$266 million worth of shares, reflecting strategic financial discipline. Operationally, it continues to optimize its integrated cement production facilities, including the 1.56 million ton per annum Nan Sheng Hu integrated works in Su’ao, Taiwan. Technologically, Hsing Ta has upgraded its ERP system with assistance from Pershing Technology to enhance management information services. The company maintains a dual focus on expanding its product lines and advancing environmental sustainability in its production and technology efforts to remain competitive in the Taiwan and China markets. Hsing Ta Cement operates predominantly in the basic materials and construction materials industry segments, targeting construction companies and infrastructure projects in Taiwan and Mainland China. It is listed under the ticker 1109.TW and continues to leverage its longstanding market presence since its establishment in 1964 to support its business and strategic objectives.