CHINA STEEL CORPORATION |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 24.55 TWD | 0.00% |
|
+0.41% | -9.07% |
| Feb. 29 | China Steel Corporation This Is Done for Testing Purpose | CI |
| Feb. 29 | China Steel Corporation Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 368,415 | 381,497 | 544,910 | 459,358 | 412,942 | 382,608 | - | - |
| Enterprise Value (EV) 1 | 592,534 | 562,933 | 703,860 | 659,931 | 412,942 | 503,397 | 519,833 | 382,608 |
| P/E ratio | 41.9 x | 495 x | 8.88 x | 25.9 x | 245 x | 44.8 x | 26.9 x | 16.2 x |
| Yield | 2.09% | 1.21% | 8.77% | 3.36% | - | 1.63% | 2.41% | 4.32% |
| Capitalization / Revenue | 1.01 x | 1.21 x | 1.16 x | 1.02 x | 1.14 x | 1.01 x | 1 x | 0.97 x |
| EV / Revenue | 1.62 x | 1.79 x | 1.5 x | 1.47 x | 1.14 x | 1.33 x | 1.35 x | 0.97 x |
| EV / EBITDA | 12.3 x | 15.7 x | 6.26 x | 12.5 x | 11.5 x | 11.3 x | 9.45 x | 5.44 x |
| EV / FCF | 45.9 x | 15.5 x | 14 x | -111 x | - | 10.1 x | 34.9 x | - |
| FCF Yield | 2.18% | 6.47% | 7.14% | -0.9% | - | 9.93% | 2.86% | - |
| Price to Book | 1.22 x | 1.3 x | 1.56 x | 1.44 x | - | 1.25 x | 1.21 x | - |
| Nbr of stocks (in thousands) | 15,414,857 | 15,414,006 | 15,414,702 | 15,414,702 | 15,294,151 | 15,584,861 | - | - |
| Reference price 2 | 23.90 | 24.75 | 35.35 | 29.80 | 27.00 | 24.55 | 24.55 | 24.55 |
| Announcement Date | 3/22/20 | 2/25/21 | 2/25/22 | 2/24/23 | 2/29/24 | - | - | - |
1TWD in Million2TWD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 366,241 | 314,783 | 468,328 | 449,567 | 363,326 | 378,836 | 383,763 | 393,299 |
| EBITDA 1 | 47,986 | 35,807 | 112,484 | 52,615 | 35,864 | 44,692 | 55,025 | 70,344 |
| EBIT 1 | 12,578 | 2,296 | 79,757 | 18,265 | 3,586 | 10,541 | 20,614 | 34,858 |
| Operating Margin | 3.43% | 0.73% | 17.03% | 4.06% | 0.99% | 2.78% | 5.37% | 8.86% |
| Earnings before Tax (EBT) 1 | 12,802 | 2,768 | 84,414 | 23,259 | 4,590 | 12,413 | 23,786 | 32,709 |
| Net income 1 | 8,810 | 885.9 | 62,053 | 17,784 | 1,682 | 8,591 | 19,927 | 23,906 |
| Net margin | 2.41% | 0.28% | 13.25% | 3.96% | 0.46% | 2.27% | 5.19% | 6.08% |
| EPS 2 | 0.5700 | 0.0500 | 3.980 | 1.150 | 0.1100 | 0.5484 | 0.9133 | 1.516 |
| Free Cash Flow 1 | 12,898 | 36,400 | 50,239 | -5,948 | - | 50,000 | 14,893 | - |
| FCF margin | 3.52% | 11.56% | 10.73% | -1.32% | - | 13.2% | 3.88% | - |
| FCF Conversion (EBITDA) | 26.88% | 101.66% | 44.66% | - | - | 111.88% | 27.07% | - |
| FCF Conversion (Net income) | 146.41% | 4,108.97% | 80.96% | - | - | 581.98% | 74.74% | - |
| Dividend per Share 2 | 0.5000 | 0.3000 | 3.100 | 1.000 | - | 0.3995 | 0.5921 | 1.061 |
| Announcement Date | 3/22/20 | 2/25/21 | 2/25/22 | 2/24/23 | 2/29/24 | - | - | - |
1TWD in Million2TWD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2020 S2 | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | - | 125,578 | 129,480 | 115,212 | 133,638 | 105,340 | 95,377 | 91,346 | 95,357 | 88,229 | 88,394 | 92,060 | 96,149 | 94,236 | 96,827 |
| EBITDA 1 | - | - | - | - | 21,409 | 7,444 | 1,539 | 8,337 | 9,535 | - | - | 9,256 | 10,857 | 9,524 | 10,000 |
| EBIT 1 | - | 24,855 | 21,655 | 13,475 | 12,765 | -995.9 | -6,978 | -26.03 | 1,438 | -493.5 | 2,668 | 1,773 | 2,627 | 1,923 | 3,279 |
| Operating Margin | - | 19.79% | 16.72% | 11.7% | 9.55% | -0.95% | -7.32% | -0.03% | 1.51% | -0.56% | 3.02% | 1.93% | 2.73% | 2.04% | 3.39% |
| Earnings before Tax (EBT) 1 | - | 26,732 | 22,481 | 14,502 | 14,400 | 1,546 | -7,190 | -74.97 | 1,758 | 154.6 | 2,752 | 1,541 | 2,980 | 2,623 | 3,394 |
| Net income 1 | - | 19,757 | 17,555 | 10,771 | 10,084 | 1,939 | -5,010 | -725 | 992.6 | -703.4 | 2,117 | 1,142 | 2,201 | 1,940 | 2,503 |
| Net margin | - | 15.73% | 13.56% | 9.35% | 7.55% | 1.84% | -5.25% | -0.79% | 1.04% | -0.8% | 2.4% | 1.24% | 2.29% | 2.06% | 2.59% |
| EPS 2 | 0.2900 | 1.280 | 1.120 | 0.6900 | 0.6500 | 0.1200 | -0.3200 | -0.0500 | 0.0600 | -0.0500 | 0.1400 | 0.0733 | 0.1400 | 0.1267 | 0.1600 |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.4682 | - |
| Announcement Date | 2/25/21 | 11/5/21 | 2/25/22 | 4/21/22 | 8/5/22 | 11/4/22 | 2/24/23 | 5/5/23 | 8/4/23 | 11/3/23 | 2/29/24 | - | - | - | - |
1TWD in Million2TWD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 224,119 | 181,436 | 158,950 | 200,573 | - | 120,789 | 137,225 | - |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 4.67 x | 5.067 x | 1.413 x | 3.812 x | - | 2.703 x | 2.494 x | - |
| Free Cash Flow 1 | 12,898 | 36,400 | 50,239 | -5,948 | - | 50,000 | 14,893 | - |
| ROE (net income / shareholders' equity) | 2.86% | 0.3% | 19.3% | 5.32% | - | 2.71% | 4% | 7.29% |
| ROA (Net income/ Total Assets) | 1.31% | 0.14% | 9.37% | 2.59% | - | 1.52% | 3.2% | - |
| Assets 1 | 670,591 | 651,371 | 662,040 | 685,891 | - | 566,465 | 622,712 | - |
| Book Value Per Share 2 | 19.60 | 19.00 | 22.60 | 20.80 | - | 19.70 | 20.30 | - |
| Cash Flow per Share 2 | 2.580 | 4.100 | 4.580 | 1.570 | - | 3.100 | 3.070 | - |
| Capex 1 | 27,055 | 26,815 | 21,065 | 30,291 | - | 37,781 | 28,661 | - |
| Capex / Sales | 7.39% | 8.52% | 4.5% | 6.74% | - | 9.97% | 7.47% | - |
| Announcement Date | 3/22/20 | 2/25/21 | 2/25/22 | 2/24/23 | 2/29/24 | - | - | - |
1TWD in Million2TWD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
A-
Sell
Buy
Mean consensus
HOLD
Number of Analysts
9
Last Close Price
24.55
TWD
Average target price
25.64
TWD
Spread / Average Target
+4.43%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -9.07% | 11.73B | |
| +0.70% | 25.86B | |
| +19.56% | 21.28B | |
| +24.56% | 11.2B | |
| +11.54% | 10.91B | |
| +10.96% | 10.15B | |
| +2.61% | 8.56B | |
| +5.78% | 7.32B | |
| +22.56% | 6.92B | |
| -3.33% | 6.52B |
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