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Asia CementLtd

KOSE:A183190
Snowflake Description

Undervalued with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
A183190
KOSE
₩194B
Market Cap
  1. Home
  2. KR
  3. Materials
Company description

Asia Cement Co.,Ltd. manufactures and sells cement, ready-mixed concrete, dry mortar, green premixed cement, and aggregates in Korea. The last earnings update was 25 days ago. More info.


Add to Portfolio Compare Print
  • Asia CementLtd has significant price volatility in the past 3 months.
A183190 Share Price and Events
7 Day Returns
9.9%
KOSE:A183190
3.9%
KR Basic Materials
1.8%
KR Market
1 Year Returns
-56.8%
KOSE:A183190
-35.8%
KR Basic Materials
-21.6%
KR Market
A183190 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Asia CementLtd (A183190) 9.9% -22.5% -32.7% -56.8% -34.7% -62.8%
KR Basic Materials 3.9% -19.2% -20.3% -35.8% 13.9% 1.6%
KR Market 1.8% -14.7% -18.6% -21.6% -19.6% -21.9%
1 Year Return vs Industry and Market
  • A183190 underperformed the Basic Materials industry which returned -35.8% over the past year.
  • A183190 underperformed the Market in Korea (Republic of) which returned -21.6% over the past year.
Price Volatility
A183190
Industry
5yr Volatility vs Market

Value

 Is Asia CementLtd undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Asia CementLtd to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Asia CementLtd.

KOSE:A183190 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 15.6%
Perpetual Growth Rate 10-Year KR Government Bond Rate 3.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for KOSE:A183190
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year KR Govt Bond Rate 3.4%
Equity Risk Premium S&P Global 6.1%
Basic Materials Unlevered Beta Simply Wall St/ S&P Global 0.81
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.806 (1 + (1- 30%) (356.29%))
2.217
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 3.43% + (2 * 6.07%)
15.57%

Discounted Cash Flow Calculation for KOSE:A183190 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Asia CementLtd is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

KOSE:A183190 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (KRW, Millions) Source Present Value
Discounted (@ 15.57%)
2020 60,928.11 Est @ 27.9% 52,719.66
2021 73,453.49 Est @ 20.56% 54,994.87
2022 84,779.53 Est @ 15.42% 54,923.18
2023 94,802.63 Est @ 11.82% 53,142.25
2024 103,623.80 Est @ 9.3% 50,261.33
2025 111,439.46 Est @ 7.54% 46,770.10
2026 118,469.78 Est @ 6.31% 43,022.12
2027 124,920.52 Est @ 5.45% 39,253.00
2028 130,967.34 Est @ 4.84% 35,608.77
2029 136,752.65 Est @ 4.42% 32,172.49
Present value of next 10 years cash flows ₩462,867.00
KOSE:A183190 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ₩136,752.65 × (1 + 3.43%) ÷ (15.57% – 3.43%)
₩1,165,101.07
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ₩1,165,101.07 ÷ (1 + 15.57%)10
₩274,102.17
KOSE:A183190 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ₩462,867.00 + ₩274,102.17
₩736,969.17
Equity Value per Share
(KRW)
= Total value / Shares Outstanding
= ₩736,969.17 / 3.90
₩189169.74
KOSE:A183190 Discount to Share Price
Calculation Result
Value per share (KRW) From above. ₩189,169.74
Current discount Discount to share price of ₩49,900.00
= -1 x (₩49,900.00 - ₩189,169.74) / ₩189,169.74
73.6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Asia CementLtd is available for.
Intrinsic value
>50%
Share price is ₩49900 vs Future cash flow value of ₩189169.74
Current Discount Checks
For Asia CementLtd to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Asia CementLtd's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Asia CementLtd's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Asia CementLtd's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Asia CementLtd's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
KOSE:A183190 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in KRW ₩7,159.05
KOSE:A183190 Share Price ** KOSE (2020-04-06) in KRW ₩49900
Korea (Republic of) Basic Materials Industry PE Ratio Median Figure of 15 Publicly-Listed Basic Materials Companies 14.84x
Korea (Republic of) Market PE Ratio Median Figure of 1,313 Publicly-Listed Companies 12.33x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Asia CementLtd.

KOSE:A183190 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= KOSE:A183190 Share Price ÷ EPS (both in KRW)

= 49900 ÷ 7,159.05

6.97x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Asia CementLtd is good value based on earnings compared to the KR Basic Materials industry average.
  • Asia CementLtd is good value based on earnings compared to the Korea (Republic of) market.
Price based on expected Growth
Does Asia CementLtd's expected growth come at a high price?
Raw Data
KOSE:A183190 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 6.97x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
Not available
Asia Basic Materials Industry PEG Ratio Median Figure of 73 Publicly-Listed Basic Materials Companies 0.91x
Korea (Republic of) Market PEG Ratio Median Figure of 356 Publicly-Listed Companies 0.71x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Asia CementLtd, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Asia CementLtd's assets?
Raw Data
KOSE:A183190 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in KRW ₩204,961.84
KOSE:A183190 Share Price * KOSE (2020-04-06) in KRW ₩49900
Korea (Republic of) Basic Materials Industry PB Ratio Median Figure of 25 Publicly-Listed Basic Materials Companies 0.42x
Korea (Republic of) Market PB Ratio Median Figure of 1,958 Publicly-Listed Companies 0.84x
KOSE:A183190 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= KOSE:A183190 Share Price ÷ Book Value per Share (both in KRW)

= 49900 ÷ 204,961.84

0.24x

* Primary Listing of Asia CementLtd.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Asia CementLtd is good value based on assets compared to the KR Basic Materials industry average.
X
Value checks
We assess Asia CementLtd's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Basic Materials industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Basic Materials industry average (and greater than 0)? (1 check)
  5. Asia CementLtd has a total score of 5/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Asia CementLtd expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Asia CementLtd has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
7.8%
Expected Basic Materials industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Asia CementLtd expected to grow at an attractive rate?
  • Unable to compare Asia CementLtd's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Asia CementLtd's earnings growth to the Korea (Republic of) market average as no estimate data is available.
  • Unable to compare Asia CementLtd's revenue growth to the Korea (Republic of) market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
KOSE:A183190 Future Growth Rates Data Sources
Data Point Source Value (per year)
Asia Basic Materials Industry Earnings Growth Rate Market Cap Weighted Average 7.8%
Asia Basic Materials Industry Revenue Growth Rate Market Cap Weighted Average 4.8%
Korea (Republic of) Market Earnings Growth Rate Market Cap Weighted Average 27.8%
Korea (Republic of) Market Revenue Growth Rate Market Cap Weighted Average 6.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
KOSE:A183190 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in KRW Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
KOSE:A183190 Future Estimates Data
Date (Data in KRW Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31
KOSE:A183190 Past Financials Data
Date (Data in KRW Millions) Revenue Cash Flow Net Income *
2019-12-31 836,810 109,462 27,881
2019-09-30 850,871 153,639 37,757
2019-06-30 849,329 153,640 43,418
2019-03-31 859,973 83,699 34,019
2018-12-31 843,763 89,320 15,308
2018-09-30 708,115 39,149 16,046
2018-06-30 640,512 20,732 25,274
2018-03-31 529,369 17,049 24,908
2017-12-31 461,167 56,811 55,177
2017-09-30 470,496 57,624 44,320
2017-06-30 466,785 45,012 41,857
2017-03-31 460,837 64,644 43,481

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Asia CementLtd is high growth as no earnings estimate data is available.
  • Unable to determine if Asia CementLtd is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
KOSE:A183190 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Asia CementLtd Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

KOSE:A183190 Future Estimates Data
Date (Data in KRW Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31
KOSE:A183190 Past Financials Data
Date (Data in KRW Millions) EPS *
2019-12-31 7,159.05
2019-09-30 9,694.61
2019-06-30 11,148.10
2019-03-31 8,733.90
2018-12-31 4,005.03
2018-09-30 4,369.69
2018-06-30 7,176.01
2018-03-31 7,387.29
2017-12-31 16,748.00
2017-09-30 13,452.99
2017-06-30 12,705.07
2017-03-31 13,198.01

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Asia CementLtd will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether Asia CementLtd is trading at Asia CementLtd'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. Asia CementLtd's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Materials companies here
  3. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Asia CementLtd's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Asia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Asia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Asia CementLtd has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Asia CementLtd performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Asia CementLtd's growth in the last year to its industry (Basic Materials).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Asia CementLtd's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Asia CementLtd's 1-year earnings growth exceeds its 5-year average (82.1% vs -8.2%)
  • Asia CementLtd's earnings growth has exceeded the KR Basic Materials industry average in the past year (82.1% vs -10.4%).
Earnings and Revenue History
Asia CementLtd's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Asia CementLtd Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

KOSE:A183190 Past Revenue, Cash Flow and Net Income Data
Date (Data in KRW Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 836,810.45 27,880.79 84,296.66 2,933.61
2019-09-30 850,870.70 37,757.40 80,881.88 2,759.90
2019-06-30 849,329.23 43,418.27 81,408.50 2,845.68
2019-03-31 859,973.26 34,019.23 82,920.83 2,866.57
2018-12-31 843,763.22 15,307.85 83,500.63 2,849.92
2018-09-30 708,114.94 16,045.66 75,290.10 3,612.91
2018-06-30 640,512.27 25,274.35 67,730.60 3,609.10
2018-03-31 529,369.43 24,908.12 58,732.81 3,617.24
2017-12-31 461,167.09 55,176.80 51,028.23 3,535.42
2017-09-30 470,495.62 44,320.06 51,754.01 2,771.04
2017-06-30 466,785.10 41,856.68 51,019.51 2,713.26
2017-03-31 460,836.56 43,481.20 50,223.58 2,651.90
2016-12-31 455,724.89 41,325.97 50,193.91 2,629.81
2016-09-30 450,406.84 35,391.15 50,656.48 2,758.76
2016-06-30 449,734.05 35,952.21 50,734.01 2,708.36
2016-03-31 450,773.88 35,995.01 51,195.30 2,689.87
2015-12-31 448,254.60 43,795.53 50,636.01 2,659.41
2015-09-30 442,725.90 47,258.52 50,267.59 2,569.01
2015-06-30 429,792.28 43,236.80 50,430.84 2,540.41
2015-03-31 422,954.52 44,635.80 49,868.84 2,484.71
2014-12-31 424,357.66 38,925.57 49,589.94 2,478.19
2013-12-31 467,782.06 43,641.53 51,797.50 3,214.92

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Asia CementLtd has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Asia CementLtd used its assets more efficiently than the KR Basic Materials industry average last year based on Return on Assets.
  • Asia CementLtd's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Asia CementLtd's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Basic Materials industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Asia CementLtd has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Asia CementLtd's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Asia CementLtd's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Asia CementLtd is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Asia CementLtd's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Asia CementLtd's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.6x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Asia CementLtd Company Filings, last reported 3 months ago.

KOSE:A183190 Past Debt and Equity Data
Date (Data in KRW Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 805,968.19 643,505.83 128,607.88
2019-09-30 798,734.32 658,253.14 111,287.82
2019-06-30 794,668.11 667,948.77 108,846.04
2019-03-31 768,508.57 703,151.45 92,303.38
2018-12-31 785,942.84 702,637.88 143,245.93
2018-09-30 758,321.33 710,226.94 79,616.41
2018-06-30 748,364.96 704,024.85 63,358.51
2018-03-31 731,812.03 702,889.16 85,229.65
2017-12-31 697,306.63 20,476.79 144,066.71
2017-09-30 698,099.68 16,003.27 130,875.11
2017-06-30 678,948.99 16,374.43 132,655.36
2017-03-31 660,769.11 6,359.95 139,329.68
2016-12-31 664,842.26 7,323.18 136,228.12
2016-09-30 654,207.42 7,654.56 125,571.00
2016-06-30 641,195.49 8,635.80 115,236.59
2016-03-31 627,665.46 9,296.35 119,674.12
2015-12-31 626,632.95 9,674.15 114,526.78
2015-09-30 619,677.04 10,750.37 110,772.35
2015-06-30 605,922.34 10,643.24 99,921.52
2015-03-31 591,567.13 22,829.61 104,182.77
2014-12-31 588,831.83 24,915.70 90,451.01
2013-12-31 586,820.46 24,378.12 58,489.98
  • Asia CementLtd's level of debt (79.8%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (4.2% vs 79.8% today).
  • Debt is not well covered by operating cash flow (17%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.5x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Asia CementLtd's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Asia CementLtd has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Asia CementLtd's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.01%
Current annual income from Asia CementLtd dividends.
If you bought ₩2,000 of Asia CementLtd shares you are expected to receive ₩60 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Asia CementLtd's pays a higher dividend yield than the bottom 25% of dividend payers in Korea (Republic of) (1.25%).
  • Asia CementLtd's dividend is below the markets top 25% of dividend payers in Korea (Republic of) (3.91%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
KOSE:A183190 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
Korea (Republic of) Basic Materials Industry Average Dividend Yield Market Cap Weighted Average of 13 Stocks 2.1%
Korea (Republic of) Market Average Dividend Yield Market Cap Weighted Average of 912 Stocks 2.9%
Korea (Republic of) Minimum Threshold Dividend Yield 10th Percentile 0.6%
Korea (Republic of) Bottom 25% Dividend Yield 25th Percentile 1.3%
Korea (Republic of) Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

KOSE:A183190 Future Dividends Estimate Data
Date (Data in ₩) Dividend per Share (annual) Avg. No. Analysts
2020-12-31
KOSE:A183190 Past Annualized Dividends Data
Date (Data in ₩) Dividend per share (annual) Avg. Yield (%)
2020-03-12 1,500.000 3.167
2019-11-14 1,500.000 2.101
2019-08-14 1,500.000 1.710
2019-05-15 1,500.000 1.656

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • It is too early to tell whether Asia CementLtd has stable dividend payments.
  • Asia CementLtd only just started paying a dividend, it is too early to tell if payments are increasing.
Current Payout to shareholders
What portion of Asia CementLtd's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (4.8x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Asia CementLtd's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.6%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Asia CementLtd afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Asia CementLtd has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Asia CementLtd's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
  • Asia CementLtd has no CEO, or we have no data on them.
Management Team

Hoon-Beom Lee

TITLE
President
AGE
50

Sang-Hyun Lee

TITLE
Managing Director and Remicon Sales Director
AGE
62
Board of Directors

Byung-Moo Lee

TITLE
Chairman
AGE
78

Yoon-Moo Lee

TITLE
Vice Chairman
AGE
73

Sang-Hyun Lee

TITLE
Managing Director and Remicon Sales Director
AGE
62
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₩) Value (₩)
X
Management checks
We assess Asia CementLtd's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Asia CementLtd has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Asia Cement Co.,Ltd. manufactures and sells cement, ready-mixed concrete, dry mortar, green premixed cement, and aggregates in Korea. It also offers Portland cement and customized cement products. The company was founded in 1965 and is headquartered in Seoul, South Korea. Asia Cement Co.,Ltd. is a subsidiary of Asia Holdings Co., Ltd.

Details
Name: Asia Cement Co.,Ltd.
A183190
Exchange: KOSE
Founded: 1965
₩194,400,869,100
3,895,809
Website: http://www.asiacement.co.kr
Address: Asia Cement Co.,Ltd.
Asia Tower,
430, Nonhyeon-ro,
Seoul,
South Korea
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
KOSE A183190 Common Stock Korea Stock Exchange KR KRW 06. Nov 2013
Number of employees
Current staff
Staff numbers
0
Asia CementLtd employees.
Industry
Construction Materials
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/06 16:37
End of day share price update: 2020/04/06 00:00
Last estimates confirmation: 2020/03/12
Last earnings filing: 2020/03/12
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.