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Hsing Ta Cement Co 1109.TW · TWD

Materials · Taiwan Stock Exchange · 🇹🇼 Taiwan

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13.00

+1.17%

Close of 9 Nov 2026, in TWD

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At a glance

Figures in TWD, from our data supplier.

FY2025

Revenue

TWD 4.43bn

FY2016FY2025

Net income

TWD 351.2m

FY2016FY2025

Free cash flow

TWD 602.5m

FY2016FY2025

Shareholders' equity

TWD 8.36bn

FY2016FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
RevenueTWD 4.43bnTWD 4.66bnTWD 6.26bnTWD 6.39bnTWD 7.38bnTWD 7.59bnTWD 7.82bnTWD 6.70bnTWD 5.38bnTWD 4.35bn
Gross profitTWD 708.4mTWD 991.6mTWD 1.34bnTWD 1.25bnTWD 2.20bnTWD 2.61bnTWD 2.60bnTWD 2.18bnTWD 1.26bnTWD 660.2m
Operating incomeTWD 423.1mTWD 661.5mTWD 989.3mTWD 993.8mTWD 1.84bnTWD 2.13bnTWD 2.11bnTWD 1.79bnTWD 928.2mTWD 239.4m
Net incomeTWD 351.2mTWD 469.4mTWD 685.9mTWD 399.2mTWD 862.9mTWD 1.00bnTWD 963.7mTWD 840.2mTWD 491.9mTWD 161.0m
Diluted earnings per share1.061.362.001.172.512.912.802.441.430.47

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Total assetsTWD 11.44bnTWD 11.28bnTWD 11.56bnTWD 11.49bnTWD 11.70bnTWD 11.81bnTWD 11.19bnTWD 10.17bnTWD 8.58bnTWD 8.64bn
Cash and short-term investmentsTWD 3.86bnTWD 4.34bnTWD 4.54bnTWD 4.40bnTWD 3.83bnTWD 3.53bnTWD 2.26bnTWD 998.2mTWD 814.3mTWD 1.16bn
Total liabilitiesTWD 1.16bnTWD 1.08bnTWD 1.57bnTWD 1.83bnTWD 1.85bnTWD 2.27bnTWD 2.56bnTWD 2.48bnTWD 1.78bnTWD 2.31bn
DebtTWD 42.3mTWD 78.5mTWD 47.8mTWD 51.5mTWD 24.8mTWD 22.3mTWD 250.0mTWD 552.5mTWD 715.9mTWD 1.24bn
Shareholders' equityTWD 8.36bnTWD 8.30bnTWD 8.12bnTWD 7.77bnTWD 7.83bnTWD 7.50bnTWD 6.82bnTWD 6.24bnTWD 5.66bnTWD 5.41bn
Shares outstanding331m344m343m343m344m345m344m345m343m343m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash from operationsTWD 847.9mTWD 403.2mTWD 714.7mTWD 1.49bnTWD 1.15bnTWD 2.15bnTWD 2.14bnTWD 996.9mTWD 588.3mTWD 607.3m
Capital spending−TWD 245.4m−TWD 211.8m−TWD 223.3m−TWD 252.7m−TWD 138.5m−TWD 128.4m−TWD 168.2m−TWD 168.5m−TWD 170.8m−TWD 179.5m
Free cash flowTWD 602.5mTWD 191.5mTWD 491.5mTWD 1.24bnTWD 1.02bnTWD 2.02bnTWD 1.97bnTWD 828.4mTWD 417.5mTWD 427.8m
Dividends paid−TWD 307.0m−TWD 409.4m−TWD 272.9m−TWD 512.9m−TWD 512.9m−TWD 376.2m−TWD 273.6m−TWD 36.0m−TWD 37.9m−TWD 75.8m

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
RevenueTWD 1.00bnTWD 855.3mTWD 1.12bnTWD 1.06bnTWD 1.26bnTWD 987.5mTWD 1.12bnTWD 1.06bn
Gross profitTWD 116.2mTWD 53.3mTWD 163.6mTWD 179.6mTWD 262.3mTWD 103.0mTWD 259.0mTWD 184.4m
Operating incomeTWD 46.8m−TWD 15.9mTWD 91.0mTWD 113.4mTWD 186.4mTWD 32.7mTWD 180.4mTWD 103.2m
Net incomeTWD 46.2mTWD 4.2mTWD 79.4mTWD 104.7mTWD 82.6mTWD 84.5mTWD 98.7mTWD 62.0m
Diluted earnings per share0.140.010.240.320.250.260.290.18
Cash from operationsTWD 144.0m−TWD 59.0mTWD 432.0mTWD 48.0mTWD 311.0mTWD 10.0mTWD 70.0mTWD 32.0m
Capital spending−TWD 100.0m−TWD 73.0m−TWD 84.0m−TWD 55.0m−TWD 1.0m−TWD 109.0m−TWD 54.0m−TWD 61.0m
Free cash flowTWD 44.0m−TWD 132.0mTWD 348.0m−TWD 7.0mTWD 310.0m−TWD 99.0mTWD 16.0m−TWD 29.0m
Total assetsTWD 11.50bnTWD 11.46bnTWD 11.44bnTWD 11.00bnTWD 11.07bnTWD 11.54bnTWD 11.28bnTWD 11.12bn
Cash and short-term investmentsTWD 3.62bnTWD 3.63bnTWD 3.86bnTWD 3.69bnTWD 3.96bnTWD 4.27bnTWD 4.34bnTWD 4.36bn
DebtTWD 43.7mTWD 99.0mTWD 52.1mTWD 64.1mTWD 127.5mTWD 92.5mTWD 78.8mTWD 168.4m
Shareholders' equityTWD 8.24bnTWD 8.46bnTWD 8.36bnTWD 8.12bnTWD 7.89bnTWD 8.45bnTWD 8.30bnTWD 8.22bn

Financial ratios

Data as of 15 Oct 2026

FY2025FY2024FY2023FY2022FY2021FY2020FY2010FY2009FY2008FY2007
Gross margin16.0%21.3%21.4%19.6%29.9%34.4%————
Operating margin9.5%15.3%17.8%15.6%25.0%27.9%————
Net margin7.9%10.1%11.0%6.2%11.7%13.2%————
Return on equity4.2%5.7%8.4%5.1%11.0%13.4%————
Return on assets3.1%4.2%5.9%3.5%7.4%8.5%————
Free cash flow yield25.2%13.6%20.9%38.9%28.7%50.4%————
Revenue growth-4.8%-25.6%-2.0%-13.4%-2.8%-2.9%————
Earnings growth-25.2%-31.6%71.8%-53.7%-14.1%4.2%————
Current ratio5.80x7.00x4.81x4.03x3.86x3.04x————
Debt to equity0.01x0.01x0.02x0.04x0.01x0.02x————
Equity ratio73.1%73.6%70.2%67.6%66.9%63.5%————
Interest coverage215.23x336.87x863.39x1142.24x4912.39x981.76x————
R&D as a share of sales——————0.0%0.0%0.0%0.1%
Buybacks as a share of market value3.9%-0.5%-0.0%0.3%0.3%-0.3%————

Growth per year

Compound annual rate

3 years5 years10 years
Revenue-11.5%-10.2%0.2%
Operating income-24.8%-27.6%28.0%
Net income-4.2%-19.0%34.6%

Average margins

Over each period

1 year3 years5 years10 years
Gross margin18.7%19.7%24.8%24.9%
Operating margin11.9%14.1%19.2%18.6%
Net margin9.0%8.8%10.3%9.6%

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Price to earnings14.613.09.113.48.36.97.25.79.321.9
Price to sales1.21.31.00.81.00.90.90.70.80.8

Dividends and splits

Per share, in the currency the company pays

Paid for 34 years. Last went ex-dividend on 17 Jul 2025.

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Paid in the year0.901.200.801.5041.501.100.800.632
  • 1000-to-950 reverse split · 22 Oct 2018
  • 1000-to-950 reverse split · 30 Oct 2017
  • 1000-to-900 reverse split · 30 Oct 2015
  • 1.03-for-1 split · 11 Aug 2004
  • 21-for-20 split · 15 Jul 1998
  • 1.06-for-1 split · 15 Jul 1997

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.