Asia300

Taiwan Cement Corp.

Taiwan

  • 1m
  • 3m
  • 6m
  • 1y
  • 2y
  • 5y
Aug 18, 2017
Prev close: 34.25
Aug 18, 2017
Market cap:
Market cap(USD):
126,457M
4,168.68M
Shares: 3,692.18M

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 2016

  • Local currency
  • US Dollar
Revenue 89,561.77M
Gross profit 17,508.17M
Operating income 13,039.15M
Income before tax 10,535.72M
Net income 6,358.45M
EBITDA 20,004.29M
Diluted EPS 1.72
Dividends per share 1.45
Total assets 266,988.69M
Total liabilities 119,592.02M
Total equity 106,768.05M
Operating cash flow 18,809.09M

Currency in TWD

Revenue 2,777.03M
Gross profit 542.87M
Operating income 404.30M
Income before tax 326.68M
Net income 197.15M
EBITDA 620.27M
Diluted EPS 0.05
Dividends per share 0.04
Total assets 8,284.11M
Total liabilities 3,710.69M
Total equity 3,312.79M
Operating cash flow 583.21M

Currency in USD

Valuation measures

Dec 2016

PER 20.43
ROA 2.27%
ROE 5.92%
Operating margin 14.55%
Profit margin 7.09%

Key executive

  • Senior Vice President-Operations: Chi-May Wang
  • 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

  • Cathay Life Insurance Co., Ltd. (Invt Port)(4.4%)
  • Chinatrust Investment Co., Ltd.(4.2%)
  • KOO CHENG YUN FAMILY(3.6%)
  • Shin Kong Life Insurance Co., Ltd.(3.2%)
  • The Vanguard Group, Inc.(2.9%)
  • Nan Shan Life Insurance Co., Ltd.(2.6%)
  • Fubon Life Insurance Co., Ltd.(2.6%)
  • Estate Of Koo Cheng Yun(2.4%)
  • China Synthetic Rubber Corp.(2.2%)
  • Dimensional Fund Advisors LP(2.2%)

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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