Chia Hsin Cement Corporation (1103) AI Stock Analysis

Chia Hsin Cement Corporation

(TWSE:1103)

Select Model

Rating:60Neutral

Price Target:TWD 14.00▲(5.26% Upside)

Action:initiatedcoverage

Date:11/10/26

The score is primarily constrained by weak and volatile operating performance despite a relatively solid balance sheet and improved cash generation. Attractive valuation provides support, while technical indicators remain broadly neutral.

Positive Factors

Manageable leverageManageable leverage gives Chia Hsin financial flexibility to continue serving construction-materials customers and withstand normal business fluctuations. A balance sheet that is not overly stretched also reduces pressure on capital allocation and supports continued operations through the next several quarters.

Negative Factors

Negative core operating profitNegative EBIT across three consecutive years shows that reported earnings are not currently being generated by the company’s core operating activities. This weakens confidence in the durability of profits and may limit the company’s ability to convert business activity into sustainable operating returns.

Chia Hsin Cement Corporation (1103) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 9.29B
Dividend Yield: 3.92%
Average Volume (3M): 427.61K
Price to Earnings (P/E): 9.3
Beta (1Y): 0.23
Revenue Growth: -7.13%
EPS Growth: 1104.31%
Country: TW
Employees: 426
Sector: General
Sector Strength: 55
Industry: Construction Materials

Chia Hsin Cement Corporation Business Overview & Revenue Model

Company Description

Chia Hsin Cement Corporation primarily specializes in the manufacturing and global sales of cement, serving both the Taiwanese domestic market and international clients. The company's broad operational scope extends beyond its core cement business, e...

Chia Hsin Cement Corporation Financial Statement Overview

Summary

Balance-sheet strength and improved 2025 cash flow are offset by negative revenue growth, negative EBIT, sharply lower EBITDA, low ROE, and historically volatile cash generation.

Income Statement

48Neutral

Balance Sheet

68Positive

Cash Flow

55Neutral

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	2.85B	3.02B	2.99B	2.91B	2.25B	2.22B
Gross Profit	506.27M	487.41M	434.97M	366.43M	132.59M	30.80M
EBITDA	1.20B	382.76M	1.05B	606.72M	545.83M	1.51B
Net Income	942.37M	556.26M	319.58M	81.08M	-180.76M	657.85M
Balance Sheet
Total Assets	33.87B	32.62B	35.08B	36.46B	36.41B	40.25B
Cash, Cash Equivalents and Short-Term Investments	9.10B	8.63B	9.23B	9.91B	9.82B	10.69B
Total Debt	12.20B	11.44B	10.85B	11.53B	11.83B	11.64B
Total Liabilities	15.08B	13.62B	13.49B	14.05B	14.41B	14.34B
Stockholders Equity	18.71B	18.14B	20.88B	21.68B	21.29B	25.03B
Cash Flow
Free Cash Flow	312.33M	517.41M	359.16M	-126.59M	-434.62M	-304.53M
Operating Cash Flow	490.61M	690.41M	410.79M	-75.00M	-391.84M	-194.72M
Investing Cash Flow	-772.29M	-1.30B	1.21B	-2.09B	1.19B	2.36B
Financing Cash Flow	460.90M	6.14M	-1.41B	-191.75M	-226.45M	-1.67B

Chia Hsin Cement Corporation Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:1103 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:5515	77Outperform	TWD 9.49B	4.77	―	7.01%	17.87%	298.44%
TW:5511	75Outperform	TWD 9.30B	5.21	―	5.26%	20.98%	75.51%
TW:2013	63Neutral	TWD 8.13B	12.62	―	5.90%	-5.75%	8.87%
TW:1103	60Neutral	TWD 9.36B	9.30	―	3.92%	-7.13%	1104.31%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:1110	54Neutral	TWD 7.72B	21.65	―	2.21%	-17.31%	17.53%
TW:2035	38Underperform	TWD 9.59B	-16.46	―	―	-11.75%	63.69%

* General Sector Average

Performance Comparison

TW:1103 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:1103	Chia Hsin Cement Corporation	13.30	0.37	2.85%
TW:1110	Southeast Cement Co. Ltd.	13.55	-3.23	-19.24%
TW:2013	China Steel Structure Co., Ltd.	40.65	1.79	4.61%
TW:2035	Tang Eng Iron Works Co., Ltd.	27.40	-1.35	-4.70%
TW:5511	Te Chang Construction Co., Ltd.	68.40	16.71	32.33%
TW:5515	Chien Kuo Construction Co., Ltd	47.05	21.92	87.22%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Nov 10, 2026

Chia Hsin Cement Corporation AI Stock Analysis