Southeast Cement Co (TPE:1110) ROE %: 1.76% (As of Dec. 2025) — 21% Above Median


TPE:1110 Southeast Cement Co Ltd TPE:1110
74 GF Score
Price NT$14.90
GF Value NT$25.42
Valuation Possible Value Trap
! 7 Warning Signs
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What is Southeast Cement Co ROE %?

Southeast Cement Co TPE:1110 -2.61% 74 ROE % is 1.76% as of Dec. 2025, which is 21% above its 10-year median of 1.46. GuruFocus rates TPE:1110 with a GF Score™ of 74/100 and a GF Value™ of NT$25.42 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 402 Building Materials companies, Southeast Cement Co ranks worse than 61.94% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Southeast Cement Co's annualized net income for the quarter that ended in Dec. 2025 was NT$166 Mil. Southeast Cement Co's average Total Stockholders Equity over the quarter that ended in Dec. 2025 was NT$9,454 Mil. Therefore, Southeast Cement Co's annualized ROE % for the quarter that ended in Dec. 2025 was 1.76%.

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

TPE:1110' s ROE % Range Over the Past 10 Years
Min: 0.26   Med: 1.46   Max: 3.8
Current: 2.18

During the past 13 years, Southeast Cement Co's highest ROE % was 3.80%. The lowest was 0.26%. And the median was 1.46%.

TPE:1110's ROE % is ranked worse than
61.94% of 402 companies
in the Building Materials industry
Industry Median: 4.32 vs TPE:1110: 2.18

Southeast Cement Co  (TPE:1110) 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
=166.336/9454.3925
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(166.336 / 2837.068)*(2837.068 / 12894.2015)*(12894.2015 / 9454.3925)
=Net Margin %*Asset Turnover*Equity Multiplier
=5.86 %*0.22*1.3638
=ROA %*Equity Multiplier
=1.29 %*1.3638
=1.76 %

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
=166.336/9454.3925
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (166.336 / 175.42) * (175.42 / 207.664) * (207.664 / 2837.068) * (2837.068 / 12894.2015) * (12894.2015 / 9454.3925)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.9482 * 0.8447 * 7.32 % * 0.22 * 1.3638
=1.76 %

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.


Southeast Cement Co ROE % Related Terms


Southeast Cement Co ROE % Historical Data

* Premium members only.

The historical data trend for Southeast 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.

Southeast Cement Co ROE % Chart

Southeast 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 1.64 1.73 1.70 3.80 2.18

Southeast 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 2.59 1.94 -0.14 5.17 1.76

TPE:1110 vs CRH, VMC, MLM: ROE % Comparison

For the Building Materials subindustry, Southeast 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.


Southeast Cement Co ROE % vs Building Materials Industry

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

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


TPE:1110
74GF Score
Southeast Cement Co Ltd TPE:1110
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Southeast Cement Co ROE % Calculation

Southeast 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 )
=205.528/( (9415.851+9467.253)/ 2 )
=205.528/9441.552
=2.18 %

Southeast 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 )
=166.336/( (9441.532+9467.253)/ 2 )
=166.336/9454.3925
=1.76 %

* 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 1.76% mean?
Southeast Cement Co (TPE:1110) has a ROE % of 1.76% 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 Southeast Cement Co and its competitors. This is 21% above median its historical median of 1.46. Over the past decade, Southeast Cement Co's ROE % has ranged from 0.26 to 3.80. According to the industry distribution chart, Southeast Cement Co ranks #249 out of 402 companies in the Building Materials industry, placing it in the top 61.9%.
Is Southeast Cement Co's ROE % too high?
Southeast Cement Co's current ROE % of 1.76% is 21% above median its 10-year median of 1.46. Over the past 10 years, this metric has ranged from a low of 0.26 to a high of 3.80. The Building Materials industry median ROE % is 4.32. Southeast Cement Co's value of 1.76% is 59.3% below this industry median. Based on the distribution chart, Southeast Cement Co ranks #249 out of 402 companies in the Building Materials industry, which is below the industry midpoint. Overall, Southeast Cement Co has a GF Score™ of 74/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Southeast Cement Co's ROE % compare to CRH and VMC?
According to the Building Materials industry distribution chart, Southeast Cement Co ranks #249 out of 402 companies for ROE %. This places Southeast Cement Co in the lower half of its industry. The industry median ROE % is 4.32. Southeast Cement Co's value of 1.76% is 59.3% below this benchmark. Historically, Southeast Cement Co's own ROE % has ranged from 0.26 to 3.80 over the past decade. While the company's 10-year median is 1.46 vs. the industry median of 4.32, Southeast 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 402 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. Southeast Cement Co's current ROE % of 1.76% is 59.3% 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 Southeast 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. Southeast Cement Co's current ROE % is 1.76%, which is 21% above median its own 10-year median of 1.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Southeast Cement Co stock overvalued right now?
Based on GuruFocus' analysis, Southeast Cement Co (TPE:1110) is currently considered Possible Value Trap. The stock's GF Value™ is NT$25.42, compared to a current price of NT$14.90 — trading 41.4% below its estimated fair value. The current ROE % is 1.76%, which is 21% above median its 10-year median of 1.46 and 59.3% below the Building Materials industry median of 4.32. Southeast Cement Co's overall GF Score™ is 74/100 with 7 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 Southeast Cement Co (TPE:1110), the current ROE % is 1.76% 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 Southeast Cement Co (TPE:1110) Overvalued in 2026?

Based on GuruFocus' analysis, Southeast Cement Co stock appears to be undervalued. The current stock price of NT$14.90 is trading 41.4% below its estimated GF Value™ of NT$25.42. GuruFocus considers Southeast Cement Co to be Possible Value Trap.

Key valuation signals for TPE:1110:

  • ROE %: 1.76% (21% above median its 10-year median of 1.46)
  • GF Value™: NT$25.42 vs. price of NT$14.90 (41.4% below fair value)
  • GF Score™: 74/100 with 7 warning signs
  • Industry Position: 59.3% below the Building Materials median (#249 of 402)

No single metric tells the full story. See the TPE:1110 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Southeast Cement Co Business Description

Address WuFu 3rd Road, No.21, 4th Floor - 1, Qianjin District, Kaohsiung City, TWN, 801
Southeast Cement Co Ltd is mainly engaged in the manufacturing and sale of cement-related products. Its main business activities include manufacturing and selling cement, furnace slag powder, cement processed products, and ready-mixed concrete. Its products include Bootland Type 1 Cement and Water-quenched Blast Furnace Slag Powder. The Company operates through four reportable segments: Production Department, which generates the maximum revenue and is engaged in the production and sales of cement and furnace slag powder; Lease Department, engaged in the rental business of properties such as land and factories; Construction Department, engaged in the construction of residences and sales business; and Engineering Department, engaged in contracting construction and engineering services.
74GF Score

Get the complete analysis for TPE:1110

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

NT$14.90
Price
NT$25.42
GF Value