Hsing Ta Cement Co (TPE:1109) ROE %: 3.85% (As of Dec. 2025) — 56% Below Median


TPE:1109 Hsing Ta Cement Co Ltd TPE:1109
71 GF Score
Price NT$14.70
GF Value NT$13.54
Valuation Fairly Valued
! 5 Warning Signs
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What is Hsing Ta Cement Co ROE %?

Hsing Ta Cement Co TPE:1109 -0.68% 71 ROE % is 3.85% as of Dec. 2025, which is 56% below its 10-year median of 8.77. GuruFocus rates TPE:1109 with a GF Score™ of 71/100 and a GF Value™ of NT$13.54 (Fairly Valued). The stock has 5 warning signs investors should review. Among 403 Building Materials companies, Hsing Ta Cement Co ranks worse than 50.62% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Hsing Ta Cement Co's annualized net income for the quarter that ended in Dec. 2025 was NT$318 Mil. Hsing Ta Cement Co's average Total Stockholders Equity over the quarter that ended in Dec. 2025 was NT$8,243 Mil. Therefore, Hsing Ta Cement Co's annualized ROE % for the quarter that ended in Dec. 2025 was 3.85%.

The historical rank and industry rank for Hsing Ta Cement Co's ROE % or its related term are showing as below:

TPE:1109' s ROE % Range Over the Past 10 Years
Min: 2.97   Med: 8.77   Max: 14.76
Current: 4.27

During the past 13 years, Hsing Ta Cement Co's highest ROE % was 14.76%. The lowest was 2.97%. And the median was 8.77%.

TPE:1109's ROE % is ranked worse than
50.62% of 403 companies
in the Building Materials industry
Industry Median: 4.32 vs TPE:1109: 4.27

Hsing Ta Cement Co  (TPE:1109) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Dec. 2025 )
=Net Income/Total Stockholders Equity
=317.556/8242.7365
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(317.556 / 4477.08)*(4477.08 / 11221.244)*(11221.244 / 8242.7365)
=Net Margin %*Asset Turnover*Equity Multiplier
=7.09 %*0.399*1.3613
=ROA %*Equity Multiplier
=2.83 %*1.3613
=3.85 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Dec. 2025 )
=Net Income/Total Stockholders Equity
=317.556/8242.7365
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (317.556 / 434.504) * (434.504 / 370.288) * (370.288 / 4477.08) * (4477.08 / 11221.244) * (11221.244 / 8242.7365)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.7308 * 1.1734 * 8.27 % * 0.399 * 1.3613
=3.85 %

Note: The net income data used here is four times the quarterly (Dec. 2025) net income data. The Revenue data used here is four times the quarterly (Dec. 2025) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Be Aware

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.


Hsing Ta Cement Co ROE % Related Terms


Hsing Ta Cement Co ROE % Historical Data

* Premium members only.

The historical data trend for Hsing Ta Cement Co's ROE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Hsing Ta Cement Co ROE % Chart

Hsing Ta Cement Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.26 5.12 8.64 5.72 4.21

Hsing Ta Cement Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
ROE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.78 4.04 4.05 5.23 3.85

TPE:1109 vs CRH, VMC, MLM: ROE % Comparison

For the Building Materials subindustry, Hsing Ta Cement Co's ROE %, along with its competitors' market caps and ROE % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Hsing Ta Cement Co ROE % vs Building Materials Industry

For the Building Materials industry and Basic Materials sector, Hsing Ta Cement Co's ROE % distribution charts can be found below:

* The bar in red indicates where Hsing Ta Cement Co's ROE % falls into.


TPE:1109
71GF Score
Hsing Ta Cement Co Ltd TPE:1109
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Hsing Ta Cement Co ROE % Calculation

Hsing Ta Cement Co's annualized ROE % for the fiscal year that ended in Dec. 2025 is calculated as

ROE %=Net Income (A: Dec. 2025 )/( (Total Stockholders Equity (A: Dec. 2024 )+Total Stockholders Equity (A: Dec. 2025 ))/ count )
=351.163/( (8298.713+8364.879)/ 2 )
=351.163/8331.796
=4.21 %

Hsing Ta Cement Co's annualized ROE % for the quarter that ended in Dec. 2025 is calculated as

ROE %=Net Income (Q: Dec. 2025 )/( (Total Stockholders Equity (Q: Sep. 2025 )+Total Stockholders Equity (Q: Dec. 2025 ))/ count )
=317.556/( (8120.594+8364.879)/ 2 )
=317.556/8242.7365
=3.85 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Dec. 2025) net income data. ROE % is displayed in the 30-year financial page.

Frequently Asked Questions Learn more about ROE % →
What does a ROE % of 3.85% mean?
Hsing Ta Cement Co (TPE:1109) has a ROE % of 3.85% as of Dec. 2025. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Hsing Ta Cement Co and its competitors. This is 56% below median its historical median of 8.77. Over the past decade, Hsing Ta Cement Co's ROE % has ranged from 2.97 to 14.76. According to the industry distribution chart, Hsing Ta Cement Co ranks #204 out of 403 companies in the Building Materials industry, placing it in the top 50.6%.
Is Hsing Ta Cement Co's ROE % too high?
Hsing Ta Cement Co's current ROE % of 3.85% is 56% below median its 10-year median of 8.77. Over the past 10 years, this metric has ranged from a low of 2.97 to a high of 14.76. The Building Materials industry median ROE % is 4.32. Hsing Ta Cement Co's value of 3.85% is 10.9% below this industry median. Based on the distribution chart, Hsing Ta Cement Co ranks #204 out of 403 companies in the Building Materials industry, which is below the industry midpoint. Overall, Hsing Ta Cement Co has a GF Score™ of 71/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Hsing Ta Cement Co's ROE % compare to CRH and VMC?
According to the Building Materials industry distribution chart, Hsing Ta Cement Co ranks #204 out of 403 companies for ROE %. This places Hsing Ta Cement Co in the lower half of its industry. The industry median ROE % is 4.32. Hsing Ta Cement Co's value of 3.85% is 10.9% below this benchmark. Historically, Hsing Ta Cement Co's own ROE % has ranged from 2.97 to 14.76 over the past decade. While the company's 10-year median is 8.77 vs. the industry median of 4.32, Hsing Ta Cement Co has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % for a Building Materials company?
The median ROE % among Building Materials companies is 4.32, based on 403 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Hsing Ta Cement Co's current ROE % of 3.85% is 10.9% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Hsing Ta Cement Co and its competitors. For the Building Materials industry, the median ROE % is 4.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hsing Ta Cement Co's current ROE % is 3.85%, which is 56% below median its own 10-year median of 8.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hsing Ta Cement Co stock overvalued right now?
Based on GuruFocus' analysis, Hsing Ta Cement Co (TPE:1109) is currently considered Fairly Valued. The stock's GF Value™ is NT$13.54, compared to a current price of NT$14.70 — trading 8.6% above its estimated fair value. The current ROE % is 3.85%, which is 56% below median its 10-year median of 8.77 and 10.9% below the Building Materials industry median of 4.32. Hsing Ta Cement Co's overall GF Score™ is 71/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For Hsing Ta Cement Co (TPE:1109), the current ROE % is 3.85% as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Hsing Ta Cement Co (TPE:1109) Overvalued in 2026?

Based on GuruFocus' analysis, Hsing Ta Cement Co stock appears to be overvalued. The current stock price of NT$14.70 is trading 8.6% above its estimated GF Value™ of NT$13.54. GuruFocus considers Hsing Ta Cement Co to be Fairly Valued.

Key valuation signals for TPE:1109:

  • ROE %: 3.85% (56% below median its 10-year median of 8.77)
  • GF Value™: NT$13.54 vs. price of NT$14.70 (8.6% above fair value)
  • GF Score™: 71/100 with 5 warning signs
  • Industry Position: 10.9% below the Building Materials median (#204 of 403)

No single metric tells the full story. See the TPE:1109 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hsing Ta Cement Co Business Description

Address Baoqing Road, 7th floor, No.37, Zhongzheng District, Taipei, TWN, 100
Hsing Ta Cement Co Ltd is engaged in quarrying, processing, warehousing, and distribution of minerals, manufacturing, processing, warehousing, and distribution of limestone chemicals, cement products and limestone related industry, treatment of general waste, sales and leasing of real estate, consultancy of building management, etc. It offers products such as Bootland Cement Type I Cement, Botland Type I Low Alkali Cement, Jinghao dry-mixed cement sand type III, and Others. The Company mainly operates businesses in Taiwan and China. It generates the majority of its revenue from China.
71GF Score

Get the complete analysis for TPE:1109

ROE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

NT$14.70
Price
NT$13.54
GF Value