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Universal Cement 1104.TW · TWD

Materials · Taiwan Stock Exchange · 🇹🇼 Taiwan

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26.25

+0.38%

Close of 9 Nov 2026, in TWD

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At a glance

Figures in TWD, from our data supplier.

FY2025

Revenue

TWD 7.92bn

FY2016FY2025

Net income

TWD 1.76bn

FY2016FY2025

Free cash flow

TWD 1.26bn

FY2016FY2025

Shareholders' equity

TWD 24.18bn

FY2016FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
RevenueTWD 7.92bnTWD 7.95bnTWD 7.80bnTWD 7.06bnTWD 6.08bnTWD 5.43bnTWD 5.01bnTWD 4.78bnTWD 4.41bnTWD 4.62bn
Gross profitTWD 1.84bnTWD 1.60bnTWD 1.54bnTWD 1.37bnTWD 1.13bnTWD 907.0mTWD 586.8mTWD 571.1mTWD 537.9mTWD 642.3m
Research and developmentTWD 122.2mTWD 71.8mTWD 72.6mTWD 92.4mTWD 78.7mTWD 69.2mTWD 68.7mTWD 73.0mTWD 85.5mTWD 70.9m
Operating incomeTWD 1.22bnTWD 1.08bnTWD 974.4mTWD 2.44bnTWD 1.27bnTWD 1.33bnTWD 1.23bnTWD 1.15bnTWD 1.44bnTWD 1.80bn
Net incomeTWD 1.76bnTWD 1.48bnTWD 2.11bnTWD 2.04bnTWD 1.09bnTWD 1.25bnTWD 1.14bnTWD 1.06bnTWD 1.41bnTWD 1.70bn
Diluted earnings per share2.512.143.133.021.581.851.681.572.092.51

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Total assetsTWD 31.08bnTWD 29.63bnTWD 28.19bnTWD 27.81bnTWD 25.10bnTWD 24.10bnTWD 23.40bnTWD 22.58bnTWD 21.23bnTWD 20.35bn
Cash and short-term investmentsTWD 5.12bnTWD 4.81bnTWD 4.25bnTWD 3.24bnTWD 3.01bnTWD 2.62bnTWD 2.67bnTWD 2.47bnTWD 2.51bnTWD 2.25bn
Total liabilitiesTWD 6.11bnTWD 5.17bnTWD 5.51bnTWD 6.29bnTWD 5.71bnTWD 5.32bnTWD 5.30bnTWD 4.75bnTWD 4.07bnTWD 3.95bn
DebtTWD 3.60bnTWD 2.45bnTWD 2.70bnTWD 3.56bnTWD 3.29bnTWD 3.01bnTWD 3.01bnTWD 2.42bnTWD 1.84bnTWD 1.54bn
Shareholders' equityTWD 24.18bnTWD 23.66bnTWD 21.87bnTWD 20.92bnTWD 19.23bnTWD 18.66bnTWD 17.98bnTWD 17.72bnTWD 17.04bnTWD 16.26bn
Shares outstanding700m692m673m677m688m675m675m675m675m677m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash from operationsTWD 1.43bnTWD 1.91bnTWD 1.55bnTWD 1.01bnTWD 1.38bnTWD 1.01bnTWD 749.9mTWD 602.4mTWD 646.3mTWD 741.0m
Capital spending−TWD 168.6m−TWD 179.6m−TWD 198.4m−TWD 326.5m−TWD 207.5m−TWD 170.9m−TWD 244.6m−TWD 291.3m−TWD 337.6m−TWD 414.2m
Free cash flowTWD 1.26bnTWD 1.73bnTWD 1.35bnTWD 686.6mTWD 1.17bnTWD 843.3mTWD 505.2mTWD 311.1mTWD 308.8mTWD 326.8m
Dividends paid−TWD 1.17bn−TWD 1.21bn−TWD 980.4m−TWD 653.6m−TWD 719.0m−TWD 653.6m−TWD 653.6m−TWD 719.0m−TWD 761.5m−TWD 628.3m

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
RevenueTWD 1.80bnTWD 1.76bnTWD 2.14bnTWD 1.89bnTWD 1.97bnTWD 1.93bnTWD 2.08bnTWD 1.87bn
Gross profitTWD 474.8mTWD 491.6mTWD 622.3mTWD 388.4mTWD 436.9mTWD 391.7mTWD 434.8mTWD 346.0m
Operating incomeTWD 261.1mTWD 285.7mTWD 416.7mTWD 258.9mTWD 304.6mTWD 275.2mTWD 281.1mTWD 242.3m
Net incomeTWD 494.5mTWD 284.2mTWD 519.6mTWD 561.5mTWD 390.2mTWD 285.1mTWD 376.7mTWD 474.5m
Diluted earnings per share0.720.410.740.800.560.410.540.69
Cash from operations—TWD 333.0mTWD 406.0mTWD 712.0mTWD 171.0mTWD 183.0mTWD 354.0mTWD 985.0m
Capital spending—−TWD 27.0m−TWD 60.0m−TWD 51.0m−TWD 38.0m−TWD 22.0m−TWD 40.0m−TWD 30.0m
Free cash flow—TWD 306.0mTWD 346.0mTWD 661.0mTWD 133.0mTWD 161.0mTWD 314.0mTWD 955.0m
Total assets—TWD 31.54bnTWD 31.08bnTWD 29.63bnTWD 29.18bnTWD 29.84bnTWD 29.63bnTWD 29.07bn
Cash and short-term investments—TWD 5.21bnTWD 5.12bnTWD 4.92bnTWD 4.75bnTWD 5.04bnTWD 4.81bnTWD 4.46bn
Debt—TWD 3.40bnTWD 3.65bnTWD 3.30bnTWD 2.44bnTWD 2.56bnTWD 2.54bnTWD 2.56bn
Shareholders' equity—TWD 24.98bnTWD 24.18bnTWD 23.22bnTWD 22.33bnTWD 23.96bnTWD 23.66bnTWD 23.29bn

Financial ratios

Data as of 27 Sept 2026

FY2025FY2024FY2023FY2022FY2021FY2020
Gross margin23.2%20.1%19.8%19.4%18.6%16.7%
Operating margin15.4%13.6%12.5%34.6%20.8%24.5%
Net margin22.2%18.6%27.0%28.9%17.9%23.0%
Return on equity7.3%6.3%9.6%9.8%5.7%6.7%
Return on assets5.7%5.0%7.5%7.3%4.3%5.2%
Free cash flow yield8.6%11.3%9.7%7.4%8.7%6.6%
Revenue growth-0.4%1.9%10.6%16.1%12.0%8.4%
Earnings growth18.5%-29.7%3.3%87.6%-12.8%9.8%
Current ratio1.64x1.89x1.68x1.19x1.18x1.16x
Debt to equity0.15x0.11x0.12x0.16x0.16x0.15x
Equity ratio77.8%79.8%77.6%75.2%76.6%77.4%
Interest coverage22.31x25.21x17.50x58.53x43.23x42.35x
R&D as a share of sales1.5%0.9%0.9%1.3%1.3%1.3%
Buybacks as a share of market value-1.1%-2.8%0.5%1.7%-2.0%0.0%

Growth per year

Compound annual rate

3 years5 years10 years
Revenue3.9%7.9%4.4%
Operating income-20.7%-1.7%-2.0%
Net income-4.9%7.1%2.3%

Average margins

Over each period

1 year3 years5 years10 years
Gross margin21.7%20.6%19.9%17.0%
Operating margin14.5%18.6%19.7%23.3%
Net margin20.4%24.0%23.0%24.8%

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Price to earnings11.913.39.37.013.011.911.111.510.49.1
Price to sales2.62.52.52.02.32.82.52.53.43.3

Dividends and splits

Per share, in the currency the company pays

Paid for 16 years. Last went ex-dividend on 24 Jun 2026.

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Paid in the year1.851.701.801.4710.9521.0470.9520.952
  • 1.02-for-1 split · 16 Jul 2024
  • 1.03-for-1 split · 21 Jul 2023
  • 1.03-for-1 split · 14 Jul 2017
  • 1.01-for-1 split · 25 Jul 2016
  • 1.02-for-1 split · 22 Jul 2015
  • 1.02-for-1 split · 22 Jul 2014

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.