Asia300

Taiwan Cement Corp.

Taiwan

  • 1m
  • 3m
  • 6m
  • 1y
  • 2y
  • 5y
Mar 23, 2017
Prev close: 38
Mar 23, 2017
Market cap:
Market cap(USD):
137,262.67M
4,503.07M
Shares: 3,612.17M

Currency in TWD

Company profile

Market(Ticker): TAI(1101)
Sector:
Industry:
Non-Energy Minerals
Construction Materials
Full time employees: --

Business summary

Taiwan Cement Corp. engages in the production and marketing of cement, cement products, furnace powder and ready-mixed concrete. Its products are used in general engineering and construction projects such as dams, road repair works, tunnels, bridges, sewers, and offshore construction works. The company was founded in May 1946 and is headquartered in Taipei, Taiwan.

Company background

Taiwan Cement is a cement and concrete maker that caters mainly to local and Chinese clients. It was founded in 1946 by the Taiwanese government. In 1954, the government transferred ownership to the powerful Koo family.

The branch of the Koo family that controls the company also has vast business interests in tourism and health care in Taiwan.

Current Chairman Leslie Koo is the second son of Koo Chen-fu, a tycoon who acted as the top China negotiator for former Taiwanese President Lee Teng-hui in the 1990s. Leslie earned an MBA from the Wharton School of the University of Pennsylvania in 1981 and joined Taiwan Cement the following year. He became chairman in 2003.

Under his watch, Taiwan Cement has expanded aggressively into China in recent years. He has also ventured into the garbage-processing business on the mainland amid a cement glut in China.

In the news

Financial highlights

Dec 2015

  • Local currency
  • US Dollar
Revenue 93,679.50M
Gross profit 14,086.28M
Operating income 9,670.82M
Income before tax 7,928.85M
Net income 5,775.98M
EBITDA 17,089.98M
Diluted EPS 1.56
Dividends per share 1.33
Total assets 293,066.35M
Total liabilities 137,582.10M
Total equity 108,042.98M
Operating cash flow 21,788.57M

Currency in TWD

Revenue 2,950.15M
Gross profit 443.60M
Operating income 304.55M
Income before tax 249.69M
Net income 181.89M
EBITDA 538.19M
Diluted EPS 0.04
Dividends per share 0.04
Total assets 8,922.16M
Total liabilities 4,188.57M
Total equity 3,289.28M
Operating cash flow 686.16M

Currency in USD

Valuation measures

Dec 2015

PER 17.5
ROA 1.97%
ROE 5.11%
Operating margin 10.32%
Profit margin 6.16%

Key executive

  • Senior Deputy General Manager: Chi Mei Wang
  • Deputy General Manager: Ko Fu Lu
  • Head-Accounting: Kuo Hung Yeh
  • Senior Deputy General Manager & Spokesman: Chien Chiang Huang

Share holders

  • Chinatrust Investment Co., Ltd.(4.2%)
  • KOO CHENG YUN FAMILY(3.6%)
  • The Vanguard Group, Inc.(2.8%)
  • China Synthetic Rubber Corp.(2.2%)
  • Dimensional Fund Advisors LP(2.1%)
  • Fidelity Management & Research Co.(1.8%)
  • BlackRock Fund Advisors(1.7%)
  • Norges Bank Investment Management(1.1%)
  • Estate Of Ku Cheng Yun(0.9%)
  • BlackRock Advisors (UK) Ltd.(0.6%)

Address

  • Website: http://www.taiwancement.com
  • Address: 113, Section 2, Zhongshan North Road, Zhongshan District, Taipei, 10448, Taiwan
  • Phone: +886.2.2531.7099

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