FENG HSIN STEEL CO., LTD. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 69.4 TWD | +0.58% |
|
+2.21% | +0.43% |
| Feb. 29 | Feng Hsin Steel Co., Ltd. Announces Dividend for 2023, Payable on May 10, 2024 | CI |
| Feb. 29 | Feng Hsin Steel Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Capitalization 1 | 31,232 | 41,352 | 48,564 | 37,048 | 40,189 | 40,363 | - |
| Enterprise Value (EV) 1 | 31,232 | 41,352 | 48,564 | 37,048 | 40,189 | 40,363 | 40,363 |
| P/E ratio | 15.9 x | 15.8 x | 12.1 x | 12.2 x | 16.9 x | 16 x | 15.7 x |
| Yield | - | 4.92% | - | - | - | - | - |
| Capitalization / Revenue | 1.13 x | 1.51 x | 1.27 x | 0.96 x | 1.15 x | 1.13 x | 1.08 x |
| EV / Revenue | 1.13 x | 1.51 x | 1.27 x | 0.96 x | 1.15 x | 1.13 x | 1.08 x |
| EV / EBITDA | - | 9.67 x | 8.17 x | 7.31 x | 9.81 x | 9.37 x | 9.11 x |
| EV / FCF | - | 9.57 x | 109 x | - | - | 12.3 x | - |
| FCF Yield | - | 10.4% | 0.92% | - | - | 8.14% | - |
| Price to Book | 1.71 x | 2.12 x | 2.2 x | - | - | 1.66 x | - |
| Nbr of stocks (in thousands) | 581,599 | 581,599 | 581,599 | 581,599 | 581,599 | 581,599 | - |
| Reference price 2 | 53.70 | 71.10 | 83.50 | 63.70 | 69.10 | 69.40 | 69.40 |
| Announcement Date | 2/24/20 | 2/24/21 | 2/25/22 | 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 | 27,736 | 27,298 | 38,360 | 38,605 | 34,882 | 35,565 | 37,461 |
| EBITDA 1 | - | 4,278 | 5,942 | 5,071 | 4,096 | 4,307 | 4,432 |
| EBIT 1 | - | 3,091 | 4,721 | 3,304 | 2,710 | 2,910 | 2,895 |
| Operating Margin | - | 11.32% | 12.31% | 8.56% | 7.77% | 8.18% | 7.73% |
| Earnings before Tax (EBT) 1 | - | 3,237 | 5,029 | 3,781 | 2,902 | 3,116 | 3,183 |
| Net income 1 | 1,962 | 2,619 | 4,035 | 3,073 | 2,375 | 2,528 | 2,574 |
| Net margin | 7.08% | 9.6% | 10.52% | 7.96% | 6.81% | 7.11% | 6.87% |
| EPS 2 | 3.370 | 4.500 | 6.890 | 5.240 | 4.080 | 4.347 | 4.430 |
| Free Cash Flow 1 | - | 4,320 | 444.5 | - | - | 3,284 | - |
| FCF margin | - | 15.83% | 1.16% | - | - | 9.23% | - |
| FCF Conversion (EBITDA) | - | 100.98% | 7.48% | - | - | 76.25% | - |
| FCF Conversion (Net income) | - | 164.93% | 11.02% | - | - | 129.89% | - |
| Dividend per Share | - | 3.500 | - | - | - | - | - |
| Announcement Date | 2/24/20 | 2/24/21 | 2/25/22 | 2/23/23 | 2/29/24 | - | - |
1TWD in Million2TWD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 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 | 9,717 | 10,934 | 9,948 | 10,858 | 8,839 | 8,960 | 8,745 | 8,998 | 8,063 | 9,076 | 8,720 | 9,024 | 8,402 | 9,285 | 9,152 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 1,312 | 1,438 | 1,062 | 950.3 | 503.7 | 788.3 | 703.7 | 660.9 | 583.4 | 762.3 | 643.5 | 726.5 | 638 | 819 | 575 |
| Operating Margin | 13.5% | 13.15% | 10.68% | 8.75% | 5.7% | 8.8% | 8.05% | 7.35% | 7.24% | 8.4% | 7.38% | 8.05% | 7.59% | 8.82% | 6.28% |
| Earnings before Tax (EBT) 1 | 1,419 | 1,513 | 1,147 | 1,079 | 689.2 | 865.6 | 744.8 | 726.6 | 639 | 791.4 | 682.5 | 774.5 | 689.5 | 866.5 | 633 |
| Net income 1 | 1,123 | 1,215 | 877.1 | 905.1 | 585.5 | 705.7 | 589.9 | 615 | 528.1 | 642.4 | 553 | 633.5 | 562 | 697.5 | 519 |
| Net margin | 11.56% | 11.11% | 8.82% | 8.34% | 6.62% | 7.88% | 6.75% | 6.84% | 6.55% | 7.08% | 6.34% | 7.02% | 6.69% | 7.51% | 5.67% |
| EPS 2 | 1.920 | 2.070 | 1.500 | 1.560 | 1.000 | 1.200 | 1.010 | 1.050 | 0.9100 | 1.100 | 0.9500 | 1.090 | 0.9700 | 1.200 | 0.8900 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 10/26/21 | 2/25/22 | 4/27/22 | 7/27/22 | 10/27/22 | 2/23/23 | 4/28/23 | 7/28/23 | 10/27/23 | 2/29/24 | - | - | - | - | - |
1TWD in Million2TWD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Net Debt | - | - | - | - | - | - | - |
| Net Cash position | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - |
| Free Cash Flow 1 | - | 4,320 | 445 | - | - | 3,284 | - |
| ROE (net income / shareholders' equity) | - | 13.9% | 19.4% | - | - | 12% | 10.4% |
| ROA (Net income/ Total Assets) | - | 11.8% | 16.2% | - | - | 9.32% | 8.77% |
| Assets 1 | - | 22,240 | 24,943 | - | - | 27,128 | 29,350 |
| Book Value Per Share 2 | 31.40 | 33.50 | 38.00 | - | - | 41.70 | - |
| Cash Flow per Share | - | - | - | - | - | - | - |
| Capex 1 | - | 727 | 670 | - | - | 1,150 | 900 |
| Capex / Sales | - | 2.66% | 1.75% | - | - | 3.23% | 2.4% |
| Announcement Date | 2/24/20 | 2/24/21 | 2/25/22 | 2/23/23 | 2/29/24 | - | - |
1TWD in Million2TWD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
3
Last Close Price
69.4
TWD
Average target price
72.33
TWD
Spread / Average Target
+4.23%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +0.43% | 1.24B | |
| +0.79% | 42.1B | |
| +18.89% | 24.83B | |
| -21.02% | 21.75B | |
| +13.50% | 21.17B | |
| -7.50% | 20.77B | |
| +6.81% | 9.44B | |
| -12.44% | 8.5B | |
| -23.08% | 8.41B | |
| +36.31% | 8.35B |
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- Financials Feng Hsin Steel Co., Ltd.
