CHUNG HUNG STEEL CORPORATION |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 23.2 TWD | +1.31% |
|
0.00% | -10.94% |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Capitalization 1 | 15,289 | 22,610 | 59,073 | 38,401 | 37,396 | 33,305 | - |
| Enterprise Value (EV) 1 | 27,716 | 32,130 | 66,438 | 45,242 | 37,396 | 39,339 | 38,098 |
| P/E ratio | 1,065 x | 42.6 x | 9.35 x | -38.8 x | 237 x | 25.7 x | 12.4 x |
| Yield | - | 1.9% | 6.8% | 1.31% | - | 4.09% | 4.74% |
| Capitalization / Revenue | 0.38 x | 0.61 x | 1.1 x | 0.86 x | 0.99 x | 0.85 x | 0.74 x |
| EV / Revenue | 0.68 x | 0.87 x | 1.24 x | 1.02 x | 0.99 x | 1 x | 0.84 x |
| EV / EBITDA | 27.8 x | 21.4 x | 9.13 x | -43.4 x | 56.1 x | 17.4 x | 10.2 x |
| EV / FCF | 13.8 x | 7.4 x | 39.8 x | -153 x | - | 19.5 x | 15.4 x |
| FCF Yield | 7.24% | 13.5% | 2.51% | -0.65% | - | 5.14% | 6.51% |
| Price to Book | 1.05 x | 1.48 x | 2.62 x | 2.25 x | - | 1.84 x | 1.71 x |
| Nbr of stocks (in thousands) | 1,435,544 | 1,435,544 | 1,435,544 | 1,435,544 | 1,435,544 | 1,435,544 | - |
| Reference price 2 | 10.65 | 15.75 | 41.15 | 26.75 | 26.05 | 23.20 | 23.20 |
| Announcement Date | 2/25/20 | 2/24/21 | 2/24/22 | 2/23/23 | 2/29/24 | - | - |
1TWD in Million2TWD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | 40,470 | 36,790 | 53,744 | 44,503 | 37,764 | 39,292 | 45,194 |
| EBITDA 1 | 996 | 1,500 | 7,277 | -1,043 | 666.8 | 2,266 | 3,748 |
| EBIT 1 | -217.6 | 338.2 | 6,524 | -1,761 | -29.16 | 1,416 | 3,048 |
| Operating Margin | -0.54% | 0.92% | 12.14% | -3.96% | -0.08% | 3.6% | 6.75% |
| Earnings before Tax (EBT) 1 | 10.88 | 528.3 | 7,013 | -1,185 | 162.4 | 1,558 | 3,260 |
| Net income 1 | 10.79 | 528.3 | 6,350 | -989.9 | 159.3 | 1,294 | 2,686 |
| Net margin | 0.03% | 1.44% | 11.82% | -2.22% | 0.42% | 3.29% | 5.94% |
| EPS 2 | 0.0100 | 0.3700 | 4.400 | -0.6900 | 0.1100 | 0.9033 | 1.870 |
| Free Cash Flow 1 | 2,005 | 4,344 | 1,670 | -295.2 | - | 2,022 | 2,481 |
| FCF margin | 4.96% | 11.81% | 3.11% | -0.66% | - | 5.15% | 5.49% |
| FCF Conversion (EBITDA) | 201.34% | 289.52% | 22.95% | - | - | 89.21% | 66.19% |
| FCF Conversion (Net income) | 18,584.69% | 822.34% | 26.3% | - | - | 156.26% | 92.35% |
| Dividend per Share 2 | - | 0.3000 | 2.800 | 0.3500 | - | 0.9500 | 1.100 |
| Announcement Date | 2/25/20 | 2/24/21 | 2/24/22 | 2/23/23 | 2/29/24 | - | - |
1TWD in Million2TWD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 S1 | 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 | 2025 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | - | 15,635 | 13,881 | 12,410 | 16,031 | 7,879 | 11,722 | 9,524 | 9,735 | 9,400 | 9,105 | 9,370 | 9,579 | 9,731 | 10,806 | 9,206 |
| EBITDA 1 | - | - | - | - | 1,080 | - | -871.8 | 650.5 | -83.44 | -130.1 | - | 343 | 506 | 549 | 615 | - |
| EBIT 1 | - | 1,789 | 1,133 | 451.8 | 889.8 | -2,057 | -1,045 | 470.8 | -251.4 | -304.4 | 55.84 | 141 | 278.5 | 407 | 655.3 | 171 |
| Operating Margin | - | 11.44% | 8.16% | 3.64% | 5.55% | -26.11% | -8.92% | 4.94% | -2.58% | -3.24% | 0.61% | 1.5% | 2.91% | 4.18% | 6.06% | 1.86% |
| Earnings before Tax (EBT) 1 | - | 1,862 | 1,165 | 505.1 | 947 | -1,536 | -1,101 | 483.7 | -247.2 | -165 | 90.92 | 158.7 | 300.5 | 496.3 | 673 | 194 |
| Net income 1 | - | 1,464 | 906 | 501.9 | 679.7 | -1,126 | -1,046 | 394.8 | -214.1 | -109.5 | 88.07 | 132.3 | 248 | 413.7 | 557.7 | 171 |
| Net margin | - | 9.36% | 6.53% | 4.04% | 4.24% | -14.29% | -8.92% | 4.15% | -2.2% | -1.16% | 0.97% | 1.41% | 2.59% | 4.25% | 5.16% | 1.86% |
| EPS 2 | 2.770 | 1.020 | 0.6200 | 0.3500 | 0.4700 | -0.7800 | -0.7300 | 0.2700 | -0.1500 | -0.0800 | 0.0600 | 0.0900 | 0.1700 | 0.2867 | 0.3900 | 0.1200 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 8/3/21 | 11/2/21 | 2/24/22 | 5/5/22 | 8/4/22 | 11/4/22 | 2/23/23 | 5/5/23 | 8/3/23 | 11/3/23 | 2/29/24 | - | - | - | - | - |
1TWD in Million2TWD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Net Debt 1 | 12,427 | 9,520 | 7,365 | 6,842 | - | 6,034 | 4,793 |
| Net Cash position 1 | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 12.48 x | 6.345 x | 1.012 x | -6.561 x | - | 2.662 x | 1.279 x |
| Free Cash Flow 1 | 2,005 | 4,344 | 1,670 | -295 | - | 2,022 | 2,481 |
| ROE (net income / shareholders' equity) | 0.07% | 3.55% | 33.6% | -5% | - | 8.35% | 16% |
| ROA (Net income/ Total Assets) | 0.03% | 1.84% | 19.7% | -2.67% | - | 4.9% | 8.5% |
| Assets 1 | 31,926 | 28,788 | 32,290 | 37,122 | - | 26,408 | 31,606 |
| Book Value Per Share 2 | 10.10 | 10.60 | 15.70 | 11.90 | - | 12.60 | 13.60 |
| Cash Flow per Share | - | - | - | 0.0200 | - | - | - |
| Capex 1 | 508 | 398 | 354 | 323 | - | 348 | 341 |
| Capex / Sales | 1.25% | 1.08% | 0.66% | 0.73% | - | 0.89% | 0.75% |
| Announcement Date | 2/25/20 | 2/24/21 | 2/24/22 | 2/23/23 | 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
D
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
5
Last Close Price
23.2
TWD
Average target price
25.18
TWD
Spread / Average Target
+8.51%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -10.94% | 1.02B | |
| +0.70% | 25.86B | |
| +19.56% | 21.28B | |
| -9.07% | 11.73B | |
| +24.56% | 11.2B | |
| +11.54% | 10.91B | |
| +10.96% | 10.15B | |
| +2.61% | 8.56B | |
| +5.78% | 7.32B | |
| +22.56% | 6.92B |
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- Financials Chung Hung Steel Corporation
