Ta Chen Stainless Pipe（2027）株式概要Ta Chen Stainless Pipe Co., Ltd.は、ステンレスパイプ、プレート、継手、ベネチアンブラインドを製造、加工、販売し、台湾、米国、中国、および国際的に展開している。 詳細2027 ファンダメンタル分析スノーフレーク・スコア評価3/6将来の成長1/6過去の実績4/6財務の健全性6/6配当金3/6報酬株価収益率（ 12.4 x） TW市場（ 21.8 x）を下回っています。収益は年間13.39%増加すると予測されています 過去1年間で収益は100.8%増加しました 同業他社や業界と比較して、良好な取引価格 リスク分析3.54%の配当はフリーキャッシュフローで十分にカバーされていない すべてのリスクチェックを見る2027 Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair ValueNT$Current PriceNT$42.4054.3% 割高 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-478m146b2016201920222025202620282031Revenue NT$146.2bEarnings NT$11.0bAdvancedSet Fair ValueView all narrativesTa Chen Stainless Pipe Co., Ltd. 競合他社Tung Ho Steel EnterpriseSymbol: TWSE:2006Market cap: NT$47.7bFeng Hsin SteelSymbol: TWSE:2015Market cap: NT$35.9bEvergreen SteelSymbol: TWSE:2211Market cap: NT$38.1bGloria Material TechnologySymbol: TPEX:5009Market cap: NT$20.0b価格と性能株価の高値、安値、推移の概要Ta Chen Stainless Pipe過去の株価現在の株価NT$42.4052週高値NT$43.4552週安値NT$32.60ベータ0.351ヶ月の変化14.75%3ヶ月変化13.52%1年変化16.16%3年間の変化12.57%5年間の変化25.65%IPOからの変化459.99%最新ニュースReported Earnings • May 20First quarter 2026 earnings: EPS exceeds analyst expectationsFirst quarter 2026 results: EPS: NT$1.17 (up from NT$0.67 in 1Q 2025). Revenue: NT$31.2b (up 20% from 1Q 2025). Net income: NT$2.91b (up 88% from 1Q 2025). Profit margin: 9.3% (up from 5.9% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 46%. Revenue is forecast to grow 6.5% p.a. on average during the next 2 years, compared to a 4.9% growth forecast for the Metals and Mining industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.Major Estimate Revision • May 14Consensus revenue estimates increase by 16%The consensus outlook for revenues in fiscal year 2026 has improved. 2026 revenue forecast increased from NT$110.4b to NT$127.8b. EPS estimate increased from NT$3.67 to NT$5.02 per share. Net income forecast to grow 94% next year vs 26% growth forecast for Metals and Mining industry in Taiwan. Consensus price target up from NT$44.50 to NT$45.50. Share price was steady at NT$39.85 over the past week.お知らせ • Mar 12Ta Chen Stainless Pipe Co., Ltd., Annual General Meeting, Jun 16, 2026Ta Chen Stainless Pipe Co., Ltd., Annual General Meeting, Jun 16, 2026, at 09:00 Taipei Standard Time. Location: no,261, nan men rd., tainan city TaiwanBuy Or Sell Opportunity • Dec 23Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 7.3% to NT$35.10. The fair value is estimated to be NT$43.97, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 7.8% over the last 3 years. Earnings per share has declined by 44%. Revenue is forecast to grow by 12% in 2 years. Earnings are forecast to grow by 38% in the next 2 years.Price Target Changed • Nov 27Price target decreased by 18% to NT$48.25Down from NT$58.90, the current price target is an average from 2 analysts. New target price is 26% above last closing price of NT$38.20. Stock is up 10% over the past year. The company is forecast to post earnings per share of NT$2.61 for next year compared to NT$1.53 last year.Reported Earnings • Nov 17Third quarter 2025 earnings: EPS exceeds analyst expectationsThird quarter 2025 results: EPS: NT$1.00 (up from NT$0.13 in 3Q 2024). Revenue: NT$25.9b (up 19% from 3Q 2024). Net income: NT$2.32b (up NT$2.03b from 3Q 2024). Profit margin: 9.0% (up from 1.3% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 29%. Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Metals and Mining industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.最新情報をもっと見るRecent updatesReported Earnings • May 20First quarter 2026 earnings: EPS exceeds analyst expectationsFirst quarter 2026 results: EPS: NT$1.17 (up from NT$0.67 in 1Q 2025). Revenue: NT$31.2b (up 20% from 1Q 2025). Net income: NT$2.91b (up 88% from 1Q 2025). Profit margin: 9.3% (up from 5.9% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 46%. Revenue is forecast to grow 6.5% p.a. on average during the next 2 years, compared to a 4.9% growth forecast for the Metals and Mining industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.Major Estimate Revision • May 14Consensus revenue estimates increase by 16%The consensus outlook for revenues in fiscal year 2026 has improved. 2026 revenue forecast increased from NT$110.4b to NT$127.8b. EPS estimate increased from NT$3.67 to NT$5.02 per share. Net income forecast to grow 94% next year vs 26% growth forecast for Metals and Mining industry in Taiwan. Consensus price target up from NT$44.50 to NT$45.50. Share price was steady at NT$39.85 over the past week.お知らせ • Mar 12Ta Chen Stainless Pipe Co., Ltd., Annual General Meeting, Jun 16, 2026Ta Chen Stainless Pipe Co., Ltd., Annual General Meeting, Jun 16, 2026, at 09:00 Taipei Standard Time. Location: no,261, nan men rd., tainan city TaiwanBuy Or Sell Opportunity • Dec 23Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 7.3% to NT$35.10. The fair value is estimated to be NT$43.97, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 7.8% over the last 3 years. Earnings per share has declined by 44%. Revenue is forecast to grow by 12% in 2 years. Earnings are forecast to grow by 38% in the next 2 years.Price Target Changed • Nov 27Price target decreased by 18% to NT$48.25Down from NT$58.90, the current price target is an average from 2 analysts. New target price is 26% above last closing price of NT$38.20. Stock is up 10% over the past year. The company is forecast to post earnings per share of NT$2.61 for next year compared to NT$1.53 last year.Reported Earnings • Nov 17Third quarter 2025 earnings: EPS exceeds analyst expectationsThird quarter 2025 results: EPS: NT$1.00 (up from NT$0.13 in 3Q 2024). Revenue: NT$25.9b (up 19% from 3Q 2024). Net income: NT$2.32b (up NT$2.03b from 3Q 2024). Profit margin: 9.0% (up from 1.3% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 29%. Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Metals and Mining industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.Price Target Changed • Nov 15Price target decreased by 11% to NT$52.17Down from NT$58.90, the current price target is an average from 3 analysts. New target price is 35% above last closing price of NT$38.60. Stock is up 19% over the past year. The company is forecast to post earnings per share of NT$2.51 for next year compared to NT$1.53 last year.お知らせ • Sep 11Ta Chen Stainless Pipe Co., Ltd. announced that it has received ¥7 million in funding from Toyota Tsusho CorporationTa Chen Stainless Pipe Co., Ltd. announced private placement of common shares for gross proceeds of ¥7,000,000 ($46,650,000) on September 10, 2025. The transaction includes participation from Toyota Tsusho Corporation. The shares have been issued through third party allocation.Reported Earnings • Aug 14Second quarter 2025 earnings: EPS misses analyst expectationsSecond quarter 2025 results: EPS: NT$0.42 (up from NT$0.40 in 2Q 2024). Revenue: NT$25.4b (up 5.3% from 2Q 2024). Net income: NT$959.5m (up 4.6% from 2Q 2024). Profit margin: 3.8% (in line with 2Q 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 31%. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 3.5% growth forecast for the Metals and Mining industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.Upcoming Dividend • Jul 04Upcoming dividend of NT$1.10 per shareEligible shareholders must have bought the stock before 11 July 2025. Payment date: 14 August 2025. Payout ratio is a comfortable 63% but the company is paying out more than the cash it is generating. Trailing yield: 3.2%. Lower than top quartile of Taiwanese dividend payers (5.3%). In line with average of industry peers (3.2%).お知らせ • Jun 12Ta Chen Stainless Pipe Co., Ltd. Approves Cash Dividend for 2024Ta Chen Stainless Pipe Co., Ltd. at its AGM, held on June 11, 2025, approved cash dividend of TWD 1.1 per share for 2024.Reported Earnings • May 16First quarter 2025 earnings: EPS misses analyst expectationsFirst quarter 2025 results: EPS: NT$0.67 (up from NT$0.47 in 1Q 2024). Revenue: NT$26.1b (up 12% from 1Q 2024). Net income: NT$1.55b (up 43% from 1Q 2024). Profit margin: 5.9% (up from 4.7% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 16%. Revenue is forecast to grow 9.3% p.a. on average during the next 2 years, compared to a 6.3% growth forecast for the Metals and Mining industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.お知らせ • May 14Ta Chen Stainless Pipe Co., Ltd. has filed a Follow-on Equity Offering.Ta Chen Stainless Pipe Co., Ltd. has filed a Follow-on Equity Offering. Security Name: Common Stock Security Type: Common Stock Securities Offered: 37,500,000 Security Name: Common Stock Security Type: Common Stock Securities Offered: 112,500,000 Transaction Features: Reserved Share Offering; Rights Offeringお知らせ • May 01Ta Chen Stainless Pipe Co., Ltd. to Report Q1, 2025 Results on May 12, 2025Ta Chen Stainless Pipe Co., Ltd. announced that they will report Q1, 2025 results on May 12, 2025Major Estimate Revision • Apr 22Consensus EPS estimates fall by 35%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from NT$104.0b to NT$96.7b. EPS estimate also fell from NT$3.29 per share to NT$2.15 per share. Net income forecast to grow 48% next year vs 5.2% growth forecast for Metals and Mining industry in Taiwan. Consensus price target down from NT$58.90 to NT$55.50. Share price fell 14% to NT$40.35 over the past week.Buy Or Sell Opportunity • Apr 08Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 57% to NT$45.70. The fair value is estimated to be NT$37.65, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 6.1% over the last 3 years. Earnings per share has declined by 52%. Revenue is forecast to grow by 22% in 2 years. Earnings are forecast to grow by 146% in the next 2 years.Reported Earnings • Mar 20Full year 2024 earnings: EPS exceeds analyst expectationsFull year 2024 results: EPS: NT$1.53 (down from NT$2.30 in FY 2023). Revenue: NT$90.4b (down 11% from FY 2023). Net income: NT$3.54b (down 34% from FY 2023). Profit margin: 3.9% (down from 5.3% in FY 2023). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 19%. Revenue is forecast to grow 9.7% p.a. on average during the next 2 years, compared to a 6.0% growth forecast for the Metals and Mining industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.Major Estimate Revision • Mar 15Consensus EPS estimates increase by 13%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from NT$103.8b to NT$104.9b. EPS estimate increased from NT$2.82 to NT$3.19 per share. Net income forecast to grow 140% next year vs 5.2% growth forecast for Metals and Mining industry in Taiwan. Consensus price target up from NT$46.20 to NT$51.20. Share price was steady at NT$51.10 over the past week.お知らせ • Mar 14Ta Chen Stainless Pipe Co., Ltd., Annual General Meeting, Jun 11, 2025Ta Chen Stainless Pipe Co., Ltd., Annual General Meeting, Jun 11, 2025, at 09:00 Taipei Standard Time. Location: no,261, nan men rd., tainan city Taiwan分析記事 • Mar 05Ta Chen Stainless Pipe Co., Ltd.'s (TWSE:2027) 33% Jump Shows Its Popularity With InvestorsTa Chen Stainless Pipe Co., Ltd. ( TWSE:2027 ) shares have continued their recent momentum with a 33% gain in the last...分析記事 • Mar 03Ta Chen Stainless Pipe (TWSE:2027) Has A Somewhat Strained Balance SheetHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Price Target Changed • Feb 26Price target increased by 9.5% to NT$46.20Up from NT$42.20, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of NT$47.45. Stock is up 33% over the past year. The company is forecast to post earnings per share of NT$1.29 for next year compared to NT$2.30 last year.Buy Or Sell Opportunity • Feb 25Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 37% to NT$48.25. The fair value is estimated to be NT$39.77, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 42%. Revenue is forecast to grow by 16% in 2 years. Earnings are forecast to grow by 171% in the next 2 years.Valuation Update With 7 Day Price Move • Feb 13Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$44.05, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 14x in the Metals and Mining industry in Taiwan. Total returns to shareholders of 25% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$39.04 per share.分析記事 • Jan 17Investors Still Waiting For A Pull Back In Ta Chen Stainless Pipe Co., Ltd. (TWSE:2027)With a price-to-earnings (or "P/E") ratio of 25.4x Ta Chen Stainless Pipe Co., Ltd. ( TWSE:2027 ) may be sending...分析記事 • Dec 10Ta Chen Stainless Pipe (TWSE:2027) May Have Issues Allocating Its CapitalWhat are the early trends we should look for to identify a stock that could multiply in value over the long term...分析記事 • Nov 21We Think You Can Look Beyond Ta Chen Stainless Pipe's (TWSE:2027) Lackluster EarningsInvestors were disappointed with the weak earnings posted by Ta Chen Stainless Pipe Co., Ltd. ( TWSE:2027 ). However...Reported Earnings • Nov 17Third quarter 2024 earnings: EPS misses analyst expectationsThird quarter 2024 results: EPS: NT$0.13 (down from NT$0.55 in 3Q 2023). Revenue: NT$21.7b (down 10% from 3Q 2023). Net income: NT$289.6m (down 77% from 3Q 2023). Profit margin: 1.3% (down from 5.2% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 59%. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 3.1% growth forecast for the Metals and Mining industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.New Risk • Nov 17New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 3.0% Last year net profit margin: 5.2% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (101% payout ratio). Profit margins are more than 30% lower than last year (3.0% net profit margin).Major Estimate Revision • Nov 13Consensus EPS estimates fall by 24%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from NT$95.4b to NT$91.2b. EPS estimate also fell from NT$1.92 per share to NT$1.46 per share. Net income forecast to grow 47% next year vs 7.4% growth forecast for Metals and Mining industry in Taiwan. Consensus price target up from NT$39.53 to NT$40.70. Share price fell 2.5% to NT$33.30 over the past week.お知らせ • Nov 05Ta Chen Stainless Pipe Co., Ltd. to Report Q3, 2024 Results on Nov 12, 2024Ta Chen Stainless Pipe Co., Ltd. announced that they will report Q3, 2024 results on Nov 12, 2024分析記事 • Oct 15Here's Why Ta Chen Stainless Pipe (TWSE:2027) Has A Meaningful Debt BurdenSome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Price Target Changed • Sep 10Price target decreased by 11% to NT$40.50Down from NT$45.50, the current price target is an average from 2 analysts. New target price is 26% above last closing price of NT$32.15. Stock is down 11% over the past year. The company is forecast to post earnings per share of NT$1.92 for next year compared to NT$2.30 last year.分析記事 • Sep 05Ta Chen Stainless Pipe (TWSE:2027) Will Want To Turn Around Its Return TrendsFinding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...Major Estimate Revision • Aug 31Consensus EPS estimates fall by 14%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from NT$98.2b to NT$93.0b. EPS estimate also fell from NT$2.19 per share to NT$1.89 per share. Net income forecast to grow 67% next year vs 18% growth forecast for Metals and Mining industry in Taiwan. Consensus price target up from NT$43.00 to NT$45.50. Share price rose 3.1% to NT$36.50 over the past week.Price Target Changed • Aug 30Price target increased by 13% to NT$45.50Up from NT$40.25, the current price target is an average from 2 analysts. New target price is 25% above last closing price of NT$36.50. The company is forecast to post earnings per share of NT$1.89 for next year compared to NT$2.30 last year.Reported Earnings • Aug 18Second quarter 2024 earnings: EPS and revenues miss analyst expectationsSecond quarter 2024 results: EPS: NT$0.40 (down from NT$0.70 in 2Q 2023). Revenue: NT$24.1b (down 8.5% from 2Q 2023). Net income: NT$916.9m (down 44% from 2Q 2023). Profit margin: 3.8% (down from 6.2% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 4.1%. Earnings per share (EPS) also missed analyst estimates by 48%. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 4.8% growth forecast for the Metals and Mining industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.お知らせ • Aug 03Ta Chen Stainless Pipe Co., Ltd. to Report Q2, 2024 Results on Aug 12, 2024Ta Chen Stainless Pipe Co., Ltd. announced that they will report Q2, 2024 results on Aug 12, 2024分析記事 • Jul 22Ta Chen Stainless Pipe's (TWSE:2027) Dividend Is Being Reduced To NT$1.20Ta Chen Stainless Pipe Co., Ltd.'s ( TWSE:2027 ) dividend is being reduced from last year's payment covering the same...Declared Dividend • Jul 18Dividend of NT$1.20 announcedShareholders will receive a dividend of NT$1.20. Ex-date: 5th August 2024 Payment date: 4th September 2024 Dividend yield will be 3.1%, which is lower than the industry average of 3.9%. Sustainability & Growth Dividend is covered by both earnings (63% earnings payout ratio) and cash flows (11% cash payout ratio). The dividend has increased by an average of 11% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 24% over the next year, which should provide support to the dividend and adequate earnings cover.分析記事 • Jul 01Ta Chen Stainless Pipe Co., Ltd.'s (TWSE:2027) Subdued P/E Might Signal An OpportunityTa Chen Stainless Pipe Co., Ltd.'s ( TWSE:2027 ) price-to-earnings (or "P/E") ratio of 17.4x might make it look like a...分析記事 • Jun 12Ta Chen Stainless Pipe Co., Ltd.'s (TWSE:2027) CEO Compensation Is Looking A Bit Stretched At The MomentKey Insights Ta Chen Stainless Pipe's Annual General Meeting to take place on 19th of June Total pay for CEO Robert...Reported Earnings • May 16First quarter 2024 earnings: EPS and revenues miss analyst expectationsFirst quarter 2024 results: EPS: NT$0.47 (down from NT$0.86 in 1Q 2023). Revenue: NT$23.2b (down 20% from 1Q 2023). Net income: NT$1.08b (down 45% from 1Q 2023). Profit margin: 4.7% (down from 6.8% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) also missed analyst estimates by 15%. Revenue is forecast to grow 6.6% p.a. on average during the next 2 years, compared to a 2.8% growth forecast for the Metals and Mining industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.分析記事 • May 02Is Ta Chen Stainless Pipe (TWSE:2027) A Risky Investment?Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...New Risk • Mar 23New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 41% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (41% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (5.3% net profit margin).Major Estimate Revision • Mar 23Consensus EPS estimates fall by 15%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from NT$107.7b to NT$102.4b. EPS estimate also fell from NT$3.02 per share to NT$2.57 per share. Net income forecast to grow 17% next year vs 12% growth forecast for Metals and Mining industry in Taiwan. Consensus price target of NT$39.00 unchanged from last update. Share price rose 2.2% to NT$37.10 over the past week.分析記事 • Mar 22Ta Chen Stainless Pipe's (TWSE:2027) Conservative Accounting Might Explain Soft EarningsThe market for Ta Chen Stainless Pipe Co., Ltd.'s ( TWSE:2027 ) shares didn't move much after it posted weak earnings...Reported Earnings • Mar 17Full year 2023 earnings: EPS and revenues miss analyst expectationsFull year 2023 results: EPS: NT$2.30 (down from NT$5.19 in FY 2022). Revenue: NT$101.3b (down 11% from FY 2022). Net income: NT$5.33b (down 56% from FY 2022). Profit margin: 5.3% (down from 11% in FY 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) also missed analyst estimates by 2.1%. Revenue is forecast to grow 8.5% p.a. on average during the next 2 years, compared to a 3.9% growth forecast for the Metals and Mining industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 14% per year.分析記事 • Mar 15Investors Could Be Concerned With Ta Chen Stainless Pipe's (TWSE:2027) Returns On CapitalWhat are the early trends we should look for to identify a stock that could multiply in value over the long term? In a...お知らせ • Mar 14Ta Chen Stainless Pipe Co., Ltd., Annual General Meeting, Jun 19, 2024Ta Chen Stainless Pipe Co., Ltd., Annual General Meeting, Jun 19, 2024.Price Target Changed • Jan 15Price target decreased by 7.6% to NT$39.00Down from NT$42.22, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of NT$37.40. Stock is up 4.4% over the past year. The company is forecast to post earnings per share of NT$2.34 for next year compared to NT$5.19 last year.お知らせ • Aug 31+ 1 more updateTa Chen Stainless Pipe Co., Ltd. Announces Election of DirectorsTa Chen Stainless Pipe Co., Ltd. announced the newly election of directors (including Independent Directors) on 2023 first special Shareholders Meeting. Title and name of the new position holder: Director: Tsai, Yong-Yu; Independent director: Wang, Kuang-Tzu. Resume of the new position holder: Director: Tsai, Yong-Yu, Chairman of Jinn Her Enterprise Co., Ltd.; Independent director: Wang, Kuang-Tzu, Independent director/Member of Audit Committee and Remuneration Committee of Brighton-Best International (Taiwan) Inc. Effective date of the new appointment is August 30, 2023.Major Estimate Revision • Aug 21Consensus revenue estimates fall by 13%The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from NT$117.4b to NT$102.1b. EPS estimate fell from NT$3.22 to NT$2.37 per share. Net income forecast to grow 13% next year vs 8.1% growth forecast for Metals and Mining industry in Taiwan. Consensus price target broadly unchanged at NT$43.00. Share price fell 3.8% to NT$36.30 over the past week.New Risk • Aug 18New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 5.5% Last year net profit margin: 14% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks High level of debt (44% net debt to equity). Dividend is not well covered by cash flows (115% cash payout ratio). Profit margins are more than 30% lower than last year (5.5% net profit margin).Reported Earnings • Aug 17Second quarter 2023 earnings: EPS misses analyst expectationsSecond quarter 2023 results: EPS: NT$0.70 (down from NT$2.36 in 2Q 2022). Revenue: NT$26.4b (down 18% from 2Q 2022). Net income: NT$1.63b (down 70% from 2Q 2022). Profit margin: 6.2% (down from 17% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 8.7%. Revenue is forecast to grow 9.6% p.a. on average during the next 2 years, compared to a 4.3% growth forecast for the Metals and Mining industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Jul 21Upcoming dividend of NT$2.40 per share at 4.9% yieldEligible shareholders must have bought the stock before 28 July 2023. Payment date: 04 September 2023. Payout ratio is a comfortable 48% but the company is paying out more than the cash it is generating. Trailing yield: 4.9%. Lower than top quartile of Taiwanese dividend payers (5.5%). Higher than average of industry peers (3.8%).お知らせ • Jul 13+ 1 more updateTa Chen Stainless Pipe Co., Ltd. Announces Cash Dividends, Payable on September 04, 2023Ta Chen Stainless Pipe Co., Ltd. announced Cash dividends of TWD 4,868,521,229 or TWD 2.4 per share. The dividend will be payable on September 04, 2023. Ex-rights (ex-dividend) trading date of July 28, 2023 and Ex-rights (ex-dividend) record date of August 05, 2023.お知らせ • Jun 27+ 1 more updateTa Chen Stainless Pipe Co., Ltd. Announces Executive ChangesTa Chen Stainless Pipe Co., Ltd. announced newly election of directors (including Independent Directors) at the 2023 Shareholders' meeting. Title and name of the previous position holder: Director: Representative of Ta Ying Cheng Investment Co., Ltd.: Shieh, Li-Yun; Director: Shieh, Rung-Kun; Director: Tsai, Yung-Yu; Director: Tsai, Chao-Chin; Director: Ou, I-Lan; Director: Hsieh, Jung-Huei; Director: Tu, Shi-Hsien; Director: Representative of Linfangjin Charitable Foundation: Lin, Mei-Feng; Independent director: Shen, Ming-Chang; Independent director: Hsu, Chun-An; Independent director: Wang, Kuang-Hsiang. Title and name of the new position holder: Director: Representative of Wei-Yi Investment Co., Ltd.: Shieh, Li-Yun; Director: Representative of Ta Ying Cheng Investment Co., Ltd.: Shieh, Rung-Kun; Director: Representative of Ta Ying Cheng Investment Co., Ltd.: Wang, Ling-Hwa; Director: Tsai, Chao-Chin; Director: Representative of Wise Creation Investment Ltd.: Ou, I-Lan; Director: Hsieh, Erh-Yi; Director: Tu, Shi-Hsien; Director: Representative of Linfangjin Charitable Foundation: Lin, Mei-Feng; Independent director: Shen, Ming-Chang; Independent director: Hsu, Chun-An; Independent director: Wang, Kuang-Hsiang. The effective date of the new appointment: June 26, 2023.New Risk • Jun 20New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 5.2% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (18% operating cash flow to total debt). Earnings are forecast to decline by an average of 5.2% per year for the foreseeable future. Minor Risk Dividend is not well covered by cash flows (dividend per share is over 17x cash flows per share).New Risk • Jun 19New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 18% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (18% operating cash flow to total debt). Minor Risk Dividend is not well covered by cash flows (dividend per share is over 17x cash flows per share).Price Target Changed • Mar 15Price target increased by 7.4% to NT$50.50Up from NT$47.00, the current price target is an average from 2 analysts. New target price is 10% above last closing price of NT$45.80. Stock is down 4.9% over the past year. The company is forecast to post earnings per share of NT$6.29 for next year compared to NT$5.70 last year.Board Change • Nov 16Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 6 experienced directors. 4 highly experienced directors. 3 independent directors (8 non-independent directors). Independent Director Chun-An Hsu was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.お知らせ • Nov 12Ta Chen Stainless Pipe Co., Ltd. Announces Executive ChangesTa Chen Stainless Pipe Co., Ltd. announced the change of Chief Information Security Officer. Name, title, and resume of the previous position holder: Dennis Chang /Vice President. Name, title, and resume of the new position holder: Keven Hong /Information Department Manager. Reason for the change: Dennis Chang is the Chief Information Security Officer of the subsidiary Brighton Best International (Taiwan) Inc. Effective date is November 11, 2022.Reported Earnings • Aug 15Second quarter 2022 earnings: EPS exceeds analyst expectationsSecond quarter 2022 results: EPS: NT$2.83 (up from NT$1.42 in 2Q 2021). Revenue: NT$32.3b (up 27% from 2Q 2021). Net income: NT$5.47b (up 134% from 2Q 2021). Profit margin: 17% (up from 9.2% in 2Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 8.1%. Over the next year, revenue is forecast to grow 5.9% compared to a 5.0% decline forecast for the Metals and Mining industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.Price Target Changed • Jul 28Price target decreased to NT$51.23Down from NT$61.88, the current price target is provided by 1 analyst. New target price is 47% above last closing price of NT$34.90. Stock is down 32% over the past year. The company is forecast to post earnings per share of NT$7.69 for next year compared to NT$5.70 last year.Upcoming Dividend • Jul 13Upcoming dividend of NT$1.80 per shareEligible shareholders must have bought the stock before 20 July 2022. Payment date: 25 August 2022. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 5.3%. Lower than top quartile of Taiwanese dividend payers (6.9%). Lower than average of industry peers (9.1%).お知らせ • Jul 06Ta Chen Stainless Pipe Co., Ltd. Announces Cash Dividend, Payable August 25, 2022The board of directors or shareholders meeting or decision by the Ta Chen Stainless Pipe Co., Ltd. July 5, 2022, announced Cash dividends of TWD 3,615,238,536 (TWD 1.8 per share). Ex-rights (ex-dividend) trading date is July 20, 2022. Ex-rights (ex-dividend) record date is July 26, 2022. The Cash dividends will be paid on August 25, 2022.Reported Earnings • May 17First quarter 2022 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2022 results: EPS: NT$2.24 (up from NT$0.88 in 1Q 2021). Revenue: NT$30.2b (up 44% from 1Q 2021). Net income: NT$4.29b (up 199% from 1Q 2021). Profit margin: 14% (up from 6.8% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 15%. Earnings per share (EPS) also surpassed analyst estimates by 65%. Over the next year, revenue is forecast to grow 23%, compared to a 5.0% growth forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.お知らせ • May 12Ta Chen Stainless Pipe Co., Ltd. Announces Appointment of Dennis Chang as Chief Information Security OfficerTa Chen Stainless Pipe Co., Ltd. announced the appointment of Dennis Chang as Chief Information Security Officer, effective from May 10, 2022.Board Change • Apr 27Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 10 experienced directors. 1 highly experienced director. 3 independent directors (9 non-independent directors). Independent Director Chun-An Hsu was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Reported Earnings • Apr 02Full year 2021 earnings: EPS misses analyst expectationsFull year 2021 results: EPS: NT$5.76 (up from NT$0.44 loss in FY 2020). Revenue: NT$96.9b (up 64% from FY 2020). Net income: NT$9.67b (up NT$10.2b from FY 2020). Profit margin: 10.0% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 100%. Over the next year, revenue is forecast to grow 21%, compared to a 8.4% growth forecast for the mining industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.お知らせ • Dec 19Ta Chen Stainless Pipe Co., Ltd. (TWSE:2027) acquired a 38.43% stake in TY Steel Co., Ltd. for approximately THB 750 million.Ta Chen Stainless Pipe Co., Ltd. (TWSE:2027) acquired a 38.43% stake in TY Steel Co., Ltd. for approximately THB 750 million on December 17, 2021. 74.840 million shares are acquired at Unit price of THB 10. Transaction is funded from bank loan. Ta Chen Stainless Pipe Co., Ltd. (TWSE:2027) completed the acquisition of a 38.43% stake in TY Steel Co., Ltd. on December 17, 2021.Reported Earnings • Nov 15Third quarter 2021 earnings released: EPS NT$1.86 (vs NT$0.076 loss in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$26.0b (up 79% from 3Q 2020). Net income: NT$3.04b (up NT$3.13b from 3Q 2020). Profit margin: 12% (up from net loss in 3Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings.Reported Earnings • Aug 15Second quarter 2021 earnings released: EPS NT$1.44 (vs NT$0.58 loss in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$25.5b (up 111% from 2Q 2020). Net income: NT$2.34b (up NT$3.07b from 2Q 2020). Profit margin: 9.2% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 74 percentage points per year, which is a significant difference in performance.Major Estimate Revision • Aug 14Consensus forecasts updatedThe consensus outlook for 2021 has been updated. 2021 EPS estimate increased from NT$5.38 to NT$6.08. Revenue forecast steady at NT$99.9b. Net income forecast to grow 856% next year vs 59% growth forecast for Metals and Mining industry in Taiwan. Consensus price target of NT$67.50 unchanged from last update. Share price rose 2.5% to NT$52.30 over the past week.Upcoming Dividend • Aug 02Upcoming dividend of NT$0.80 per shareEligible shareholders must have bought the stock before 09 August 2021. Payment date: 09 September 2021. Trailing yield: 1.5%. Lower than top quartile of Taiwanese dividend payers (5.0%). In line with average of industry peers (1.5%).Major Estimate Revision • Jul 14Consensus forecasts updatedThe consensus outlook for 2021 has been updated. 2021 EPS estimate increased from NT$4.63 to NT$5.38. Revenue forecast steady at NT$99.1b. Net income forecast to grow 763% next year vs 91% growth forecast for Metals and Mining industry in Taiwan. Consensus price target up from NT$60.00 to NT$67.50. Share price fell 4.7% to NT$54.40 over the past week.Valuation Update With 7 Day Price Move • Jun 29Investor sentiment improved over the past weekAfter last week's 21% share price gain to NT$57.90, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 11x in the Metals and Mining industry in Taiwan. Total returns to shareholders of 95% over the past three years.Major Estimate Revision • Jun 05Consensus forecasts updatedThe consensus outlook for 2021 has been updated. 2021 revenue forecast increased from NT$83.5b to NT$99.3b. EPS estimate fell from NT$5.85 to NT$4.63. Net income forecast to grow 822% next year vs 82% growth forecast for Metals and Mining industry in Taiwan. Consensus price target up from NT$41.67 to NT$50.00. Share price rose 8.1% to NT$48.60 over the past week.Valuation Update With 7 Day Price Move • May 24Investor sentiment improved over the past weekAfter last week's 17% share price gain to NT$40.20, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 10x in the Metals and Mining industry in Taiwan. Total returns to shareholders of 51% over the past three years.Reported Earnings • May 15First quarter 2021 earnings released: EPS NT$0.88 (vs NT$0.17 loss in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$21.0b (up 30% from 1Q 2020). Net income: NT$1.43b (up NT$1.64b from 1Q 2020). Profit margin: 6.8% (up from net loss in 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 79 percentage points per year, which is a significant difference in performance.分析記事 • Apr 11Is Ta Chen Stainless Pipe Co., Ltd. (TPE:2027) A Smart Choice For Dividend Investors?Today we'll take a closer look at Ta Chen Stainless Pipe Co., Ltd. ( TPE:2027 ) from a dividend investor's perspective...Reported Earnings • Mar 31Full year 2020 earnings released: NT$0.48 loss per share (vs NT$1.46 profit in FY 2019)The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: NT$59.2b (down 24% from FY 2019). Net loss: NT$573.4m (down 132% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.分析記事 • Mar 21Are Investors Undervaluing Ta Chen Stainless Pipe Co., Ltd. (TPE:2027) By 41%?Does the March share price for Ta Chen Stainless Pipe Co., Ltd. ( TPE:2027 ) reflect what it's really worth? Today, we...Is New 90 Day High Low • Mar 04New 90-day high: NT$32.80The company is up 7.0% from its price of NT$30.60 on 04 December 2020. The Taiwanese market is up 15% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$50.89 per share.分析記事 • Feb 28Is Ta Chen Stainless Pipe (TPE:2027) A Risky Investment?David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...分析記事 • Feb 07Has Ta Chen Stainless Pipe (TPE:2027) Got What It Takes To Become A Multi-Bagger?To find a multi-bagger stock, what are the underlying trends we should look for in a business? In a perfect world, we'd...分析記事 • Jan 17Ta Chen Stainless Pipe (TPE:2027) Has Gifted Shareholders With A Fantastic 170% Total Return On Their InvestmentTa Chen Stainless Pipe Co., Ltd. ( TPE:2027 ) shareholders might be concerned after seeing the share price drop 12% in...分析記事 • Dec 21Is Ta Chen Stainless Pipe Co., Ltd. (TPE:2027) A Strong Dividend Stock?Today we'll take a closer look at Ta Chen Stainless Pipe Co., Ltd. ( TPE:2027 ) from a dividend investor's perspective...Is New 90 Day High Low • Dec 21New 90-day high: NT$32.40The company is up 60% from its price of NT$20.20 on 22 September 2020. The Taiwanese market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 18% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$69.36 per share.Price Target Changed • Dec 04Price target raised to NT$34.50Up from NT$30.88, the current price target is an average from 2 analysts. The new target price is 13% above the current share price of NT$30.60. As of last close, the stock is up 1.7% over the past year.分析記事 • Nov 30Estimating The Fair Value Of Ta Chen Stainless Pipe Co., Ltd. (TPE:2027)How far off is Ta Chen Stainless Pipe Co., Ltd. (TPE:2027) from its intrinsic value? Using the most recent financial...Is New 90 Day High Low • Nov 26New 90-day high: NT$26.35The company is up 24% from its price of NT$21.25 on 28 August 2020. The Taiwanese market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 15% over the same period.Reported Earnings • Nov 14Third quarter 2020 earnings released: NT$0.08 loss per shareThe company reported a poor third quarter result with weaker earnings, revenues and control over expenses. Third quarter 2020 results: Revenue: NT$14.6b (down 27% from 3Q 2019). Net loss: NT$95.2m (down 143% from profit in 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings.株主還元2027TW Metals and MiningTW 市場7D6.5%0.7%-3.5%1Y16.2%-1.5%83.0%株主還元を見る業界別リターン: 2027過去 1 年間で-1.5 % の収益を上げたTW Metals and Mining業界を上回りました。リターン対市場: 2027は、過去 1 年間で83 % のリターンを上げたTW市場を下回りました。価格変動Is 2027's price volatile compared to industry and market?2027 volatility2027 Average Weekly Movement3.8%Metals and Mining Industry Average Movement4.6%Market Average Movement6.2%10% most volatile stocks in TW Market12.2%10% least volatile stocks in TW Market2.5%安定した株価: 2027 、 TW市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。時間の経過による変動: 2027の 週次ボラティリティ ( 4% ) は過去 1 年間安定しています。会社概要設立従業員CEO（最高経営責任者ウェブサイト1986n/aRobert Shiehwww.tachen.com.twTa Chen Stainless Pipe Co., Ltd.は、ステンレスパイプ、プレート、継手、ベネチアンブラインドの製造、加工、販売を台湾、米国、中国、および海外で行っている。ステンレスとアルミ、ネジとナットの分野で事業を展開している。ステンレス平ロール、パイプ、バルブ、継手、フランジ、チューブ、鋳物、長尺製品を提供。また、アルミ製品カーテン、アルミ圧延品等のアルミ製品の製造・販売、ネジ・ナットの輸出入・販売、カーテン・装飾品の製造・販売、エンジン・自動車部品の製造・販売、二輪車・商用車・四輪車等のコンロッド・ピストンの製造、四輪車の売買等も行っている。また、繊維製品や自動車部品の販売、投資事業、エネルギー技術サービスも行っている。機械、工業、建材、住宅装飾、自動車、化学、医療、製薬、食品、醸造などの業界にサービスを提供している。Ta Chen Stainless Pipe Co., Ltd.は1986年に設立され、台湾台南市に本社を置く。もっと見るTa Chen Stainless Pipe Co., Ltd. 基礎のまとめTa Chen Stainless Pipe の収益と売上を時価総額と比較するとどうか。2027 基礎統計学時価総額NT$96.79b収益（TTM）NT$8.04b売上高(TTM)NT$106.90b12.4xPER（株価収益率0.9xP/Sレシオ2027 は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計2027 損益計算書（TTM）収益NT$106.90b売上原価NT$79.14b売上総利益NT$27.77bその他の費用NT$19.73b収益NT$8.04b直近の収益報告Mar 31, 2026次回決算日該当なし一株当たり利益（EPS）3.42グロス・マージン25.97%純利益率7.52%有利子負債／自己資本比率47.1%2027 の長期的なパフォーマンスは？過去の実績と比較を見る配当金3.5%現在の配当利回り44%配当性向View Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/21 10:14終値2026/05/21 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Ta Chen Stainless Pipe Co., Ltd. 2 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。3 アナリスト機関Jihong LaiCapital Securities CorporationLiangyu KoMasterlink Securities Investment AdvisoryKan-Chi LeeYuanta Research
Reported Earnings • May 20First quarter 2026 earnings: EPS exceeds analyst expectationsFirst quarter 2026 results: EPS: NT$1.17 (up from NT$0.67 in 1Q 2025). Revenue: NT$31.2b (up 20% from 1Q 2025). Net income: NT$2.91b (up 88% from 1Q 2025). Profit margin: 9.3% (up from 5.9% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 46%. Revenue is forecast to grow 6.5% p.a. on average during the next 2 years, compared to a 4.9% growth forecast for the Metals and Mining industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.
Major Estimate Revision • May 14Consensus revenue estimates increase by 16%The consensus outlook for revenues in fiscal year 2026 has improved. 2026 revenue forecast increased from NT$110.4b to NT$127.8b. EPS estimate increased from NT$3.67 to NT$5.02 per share. Net income forecast to grow 94% next year vs 26% growth forecast for Metals and Mining industry in Taiwan. Consensus price target up from NT$44.50 to NT$45.50. Share price was steady at NT$39.85 over the past week.
お知らせ • Mar 12Ta Chen Stainless Pipe Co., Ltd., Annual General Meeting, Jun 16, 2026Ta Chen Stainless Pipe Co., Ltd., Annual General Meeting, Jun 16, 2026, at 09:00 Taipei Standard Time. Location: no,261, nan men rd., tainan city Taiwan
Buy Or Sell Opportunity • Dec 23Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 7.3% to NT$35.10. The fair value is estimated to be NT$43.97, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 7.8% over the last 3 years. Earnings per share has declined by 44%. Revenue is forecast to grow by 12% in 2 years. Earnings are forecast to grow by 38% in the next 2 years.
Price Target Changed • Nov 27Price target decreased by 18% to NT$48.25Down from NT$58.90, the current price target is an average from 2 analysts. New target price is 26% above last closing price of NT$38.20. Stock is up 10% over the past year. The company is forecast to post earnings per share of NT$2.61 for next year compared to NT$1.53 last year.
Reported Earnings • Nov 17Third quarter 2025 earnings: EPS exceeds analyst expectationsThird quarter 2025 results: EPS: NT$1.00 (up from NT$0.13 in 3Q 2024). Revenue: NT$25.9b (up 19% from 3Q 2024). Net income: NT$2.32b (up NT$2.03b from 3Q 2024). Profit margin: 9.0% (up from 1.3% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 29%. Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Metals and Mining industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.
Reported Earnings • May 20First quarter 2026 earnings: EPS exceeds analyst expectationsFirst quarter 2026 results: EPS: NT$1.17 (up from NT$0.67 in 1Q 2025). Revenue: NT$31.2b (up 20% from 1Q 2025). Net income: NT$2.91b (up 88% from 1Q 2025). Profit margin: 9.3% (up from 5.9% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 46%. Revenue is forecast to grow 6.5% p.a. on average during the next 2 years, compared to a 4.9% growth forecast for the Metals and Mining industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.
Major Estimate Revision • May 14Consensus revenue estimates increase by 16%The consensus outlook for revenues in fiscal year 2026 has improved. 2026 revenue forecast increased from NT$110.4b to NT$127.8b. EPS estimate increased from NT$3.67 to NT$5.02 per share. Net income forecast to grow 94% next year vs 26% growth forecast for Metals and Mining industry in Taiwan. Consensus price target up from NT$44.50 to NT$45.50. Share price was steady at NT$39.85 over the past week.
お知らせ • Mar 12Ta Chen Stainless Pipe Co., Ltd., Annual General Meeting, Jun 16, 2026Ta Chen Stainless Pipe Co., Ltd., Annual General Meeting, Jun 16, 2026, at 09:00 Taipei Standard Time. Location: no,261, nan men rd., tainan city Taiwan
Buy Or Sell Opportunity • Dec 23Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 7.3% to NT$35.10. The fair value is estimated to be NT$43.97, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 7.8% over the last 3 years. Earnings per share has declined by 44%. Revenue is forecast to grow by 12% in 2 years. Earnings are forecast to grow by 38% in the next 2 years.
Price Target Changed • Nov 27Price target decreased by 18% to NT$48.25Down from NT$58.90, the current price target is an average from 2 analysts. New target price is 26% above last closing price of NT$38.20. Stock is up 10% over the past year. The company is forecast to post earnings per share of NT$2.61 for next year compared to NT$1.53 last year.
Reported Earnings • Nov 17Third quarter 2025 earnings: EPS exceeds analyst expectationsThird quarter 2025 results: EPS: NT$1.00 (up from NT$0.13 in 3Q 2024). Revenue: NT$25.9b (up 19% from 3Q 2024). Net income: NT$2.32b (up NT$2.03b from 3Q 2024). Profit margin: 9.0% (up from 1.3% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 29%. Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Metals and Mining industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.
Price Target Changed • Nov 15Price target decreased by 11% to NT$52.17Down from NT$58.90, the current price target is an average from 3 analysts. New target price is 35% above last closing price of NT$38.60. Stock is up 19% over the past year. The company is forecast to post earnings per share of NT$2.51 for next year compared to NT$1.53 last year.
お知らせ • Sep 11Ta Chen Stainless Pipe Co., Ltd. announced that it has received ¥7 million in funding from Toyota Tsusho CorporationTa Chen Stainless Pipe Co., Ltd. announced private placement of common shares for gross proceeds of ¥7,000,000 ($46,650,000) on September 10, 2025. The transaction includes participation from Toyota Tsusho Corporation. The shares have been issued through third party allocation.
Reported Earnings • Aug 14Second quarter 2025 earnings: EPS misses analyst expectationsSecond quarter 2025 results: EPS: NT$0.42 (up from NT$0.40 in 2Q 2024). Revenue: NT$25.4b (up 5.3% from 2Q 2024). Net income: NT$959.5m (up 4.6% from 2Q 2024). Profit margin: 3.8% (in line with 2Q 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 31%. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 3.5% growth forecast for the Metals and Mining industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.
Upcoming Dividend • Jul 04Upcoming dividend of NT$1.10 per shareEligible shareholders must have bought the stock before 11 July 2025. Payment date: 14 August 2025. Payout ratio is a comfortable 63% but the company is paying out more than the cash it is generating. Trailing yield: 3.2%. Lower than top quartile of Taiwanese dividend payers (5.3%). In line with average of industry peers (3.2%).
お知らせ • Jun 12Ta Chen Stainless Pipe Co., Ltd. Approves Cash Dividend for 2024Ta Chen Stainless Pipe Co., Ltd. at its AGM, held on June 11, 2025, approved cash dividend of TWD 1.1 per share for 2024.
Reported Earnings • May 16First quarter 2025 earnings: EPS misses analyst expectationsFirst quarter 2025 results: EPS: NT$0.67 (up from NT$0.47 in 1Q 2024). Revenue: NT$26.1b (up 12% from 1Q 2024). Net income: NT$1.55b (up 43% from 1Q 2024). Profit margin: 5.9% (up from 4.7% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 16%. Revenue is forecast to grow 9.3% p.a. on average during the next 2 years, compared to a 6.3% growth forecast for the Metals and Mining industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.
お知らせ • May 14Ta Chen Stainless Pipe Co., Ltd. has filed a Follow-on Equity Offering.Ta Chen Stainless Pipe Co., Ltd. has filed a Follow-on Equity Offering. Security Name: Common Stock Security Type: Common Stock Securities Offered: 37,500,000 Security Name: Common Stock Security Type: Common Stock Securities Offered: 112,500,000 Transaction Features: Reserved Share Offering; Rights Offering
お知らせ • May 01Ta Chen Stainless Pipe Co., Ltd. to Report Q1, 2025 Results on May 12, 2025Ta Chen Stainless Pipe Co., Ltd. announced that they will report Q1, 2025 results on May 12, 2025
Major Estimate Revision • Apr 22Consensus EPS estimates fall by 35%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from NT$104.0b to NT$96.7b. EPS estimate also fell from NT$3.29 per share to NT$2.15 per share. Net income forecast to grow 48% next year vs 5.2% growth forecast for Metals and Mining industry in Taiwan. Consensus price target down from NT$58.90 to NT$55.50. Share price fell 14% to NT$40.35 over the past week.
Buy Or Sell Opportunity • Apr 08Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 57% to NT$45.70. The fair value is estimated to be NT$37.65, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 6.1% over the last 3 years. Earnings per share has declined by 52%. Revenue is forecast to grow by 22% in 2 years. Earnings are forecast to grow by 146% in the next 2 years.
Reported Earnings • Mar 20Full year 2024 earnings: EPS exceeds analyst expectationsFull year 2024 results: EPS: NT$1.53 (down from NT$2.30 in FY 2023). Revenue: NT$90.4b (down 11% from FY 2023). Net income: NT$3.54b (down 34% from FY 2023). Profit margin: 3.9% (down from 5.3% in FY 2023). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 19%. Revenue is forecast to grow 9.7% p.a. on average during the next 2 years, compared to a 6.0% growth forecast for the Metals and Mining industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.
Major Estimate Revision • Mar 15Consensus EPS estimates increase by 13%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from NT$103.8b to NT$104.9b. EPS estimate increased from NT$2.82 to NT$3.19 per share. Net income forecast to grow 140% next year vs 5.2% growth forecast for Metals and Mining industry in Taiwan. Consensus price target up from NT$46.20 to NT$51.20. Share price was steady at NT$51.10 over the past week.
お知らせ • Mar 14Ta Chen Stainless Pipe Co., Ltd., Annual General Meeting, Jun 11, 2025Ta Chen Stainless Pipe Co., Ltd., Annual General Meeting, Jun 11, 2025, at 09:00 Taipei Standard Time. Location: no,261, nan men rd., tainan city Taiwan
分析記事 • Mar 05Ta Chen Stainless Pipe Co., Ltd.'s (TWSE:2027) 33% Jump Shows Its Popularity With InvestorsTa Chen Stainless Pipe Co., Ltd. ( TWSE:2027 ) shares have continued their recent momentum with a 33% gain in the last...
分析記事 • Mar 03Ta Chen Stainless Pipe (TWSE:2027) Has A Somewhat Strained Balance SheetHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Price Target Changed • Feb 26Price target increased by 9.5% to NT$46.20Up from NT$42.20, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of NT$47.45. Stock is up 33% over the past year. The company is forecast to post earnings per share of NT$1.29 for next year compared to NT$2.30 last year.
Buy Or Sell Opportunity • Feb 25Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 37% to NT$48.25. The fair value is estimated to be NT$39.77, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 42%. Revenue is forecast to grow by 16% in 2 years. Earnings are forecast to grow by 171% in the next 2 years.
Valuation Update With 7 Day Price Move • Feb 13Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$44.05, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 14x in the Metals and Mining industry in Taiwan. Total returns to shareholders of 25% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$39.04 per share.
分析記事 • Jan 17Investors Still Waiting For A Pull Back In Ta Chen Stainless Pipe Co., Ltd. (TWSE:2027)With a price-to-earnings (or "P/E") ratio of 25.4x Ta Chen Stainless Pipe Co., Ltd. ( TWSE:2027 ) may be sending...
分析記事 • Dec 10Ta Chen Stainless Pipe (TWSE:2027) May Have Issues Allocating Its CapitalWhat are the early trends we should look for to identify a stock that could multiply in value over the long term...
分析記事 • Nov 21We Think You Can Look Beyond Ta Chen Stainless Pipe's (TWSE:2027) Lackluster EarningsInvestors were disappointed with the weak earnings posted by Ta Chen Stainless Pipe Co., Ltd. ( TWSE:2027 ). However...
Reported Earnings • Nov 17Third quarter 2024 earnings: EPS misses analyst expectationsThird quarter 2024 results: EPS: NT$0.13 (down from NT$0.55 in 3Q 2023). Revenue: NT$21.7b (down 10% from 3Q 2023). Net income: NT$289.6m (down 77% from 3Q 2023). Profit margin: 1.3% (down from 5.2% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 59%. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 3.1% growth forecast for the Metals and Mining industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.
New Risk • Nov 17New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 3.0% Last year net profit margin: 5.2% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (101% payout ratio). Profit margins are more than 30% lower than last year (3.0% net profit margin).
Major Estimate Revision • Nov 13Consensus EPS estimates fall by 24%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from NT$95.4b to NT$91.2b. EPS estimate also fell from NT$1.92 per share to NT$1.46 per share. Net income forecast to grow 47% next year vs 7.4% growth forecast for Metals and Mining industry in Taiwan. Consensus price target up from NT$39.53 to NT$40.70. Share price fell 2.5% to NT$33.30 over the past week.
お知らせ • Nov 05Ta Chen Stainless Pipe Co., Ltd. to Report Q3, 2024 Results on Nov 12, 2024Ta Chen Stainless Pipe Co., Ltd. announced that they will report Q3, 2024 results on Nov 12, 2024
分析記事 • Oct 15Here's Why Ta Chen Stainless Pipe (TWSE:2027) Has A Meaningful Debt BurdenSome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Price Target Changed • Sep 10Price target decreased by 11% to NT$40.50Down from NT$45.50, the current price target is an average from 2 analysts. New target price is 26% above last closing price of NT$32.15. Stock is down 11% over the past year. The company is forecast to post earnings per share of NT$1.92 for next year compared to NT$2.30 last year.
分析記事 • Sep 05Ta Chen Stainless Pipe (TWSE:2027) Will Want To Turn Around Its Return TrendsFinding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
Major Estimate Revision • Aug 31Consensus EPS estimates fall by 14%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from NT$98.2b to NT$93.0b. EPS estimate also fell from NT$2.19 per share to NT$1.89 per share. Net income forecast to grow 67% next year vs 18% growth forecast for Metals and Mining industry in Taiwan. Consensus price target up from NT$43.00 to NT$45.50. Share price rose 3.1% to NT$36.50 over the past week.
Price Target Changed • Aug 30Price target increased by 13% to NT$45.50Up from NT$40.25, the current price target is an average from 2 analysts. New target price is 25% above last closing price of NT$36.50. The company is forecast to post earnings per share of NT$1.89 for next year compared to NT$2.30 last year.
Reported Earnings • Aug 18Second quarter 2024 earnings: EPS and revenues miss analyst expectationsSecond quarter 2024 results: EPS: NT$0.40 (down from NT$0.70 in 2Q 2023). Revenue: NT$24.1b (down 8.5% from 2Q 2023). Net income: NT$916.9m (down 44% from 2Q 2023). Profit margin: 3.8% (down from 6.2% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 4.1%. Earnings per share (EPS) also missed analyst estimates by 48%. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 4.8% growth forecast for the Metals and Mining industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.
お知らせ • Aug 03Ta Chen Stainless Pipe Co., Ltd. to Report Q2, 2024 Results on Aug 12, 2024Ta Chen Stainless Pipe Co., Ltd. announced that they will report Q2, 2024 results on Aug 12, 2024
分析記事 • Jul 22Ta Chen Stainless Pipe's (TWSE:2027) Dividend Is Being Reduced To NT$1.20Ta Chen Stainless Pipe Co., Ltd.'s ( TWSE:2027 ) dividend is being reduced from last year's payment covering the same...
Declared Dividend • Jul 18Dividend of NT$1.20 announcedShareholders will receive a dividend of NT$1.20. Ex-date: 5th August 2024 Payment date: 4th September 2024 Dividend yield will be 3.1%, which is lower than the industry average of 3.9%. Sustainability & Growth Dividend is covered by both earnings (63% earnings payout ratio) and cash flows (11% cash payout ratio). The dividend has increased by an average of 11% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 24% over the next year, which should provide support to the dividend and adequate earnings cover.
分析記事 • Jul 01Ta Chen Stainless Pipe Co., Ltd.'s (TWSE:2027) Subdued P/E Might Signal An OpportunityTa Chen Stainless Pipe Co., Ltd.'s ( TWSE:2027 ) price-to-earnings (or "P/E") ratio of 17.4x might make it look like a...
分析記事 • Jun 12Ta Chen Stainless Pipe Co., Ltd.'s (TWSE:2027) CEO Compensation Is Looking A Bit Stretched At The MomentKey Insights Ta Chen Stainless Pipe's Annual General Meeting to take place on 19th of June Total pay for CEO Robert...
Reported Earnings • May 16First quarter 2024 earnings: EPS and revenues miss analyst expectationsFirst quarter 2024 results: EPS: NT$0.47 (down from NT$0.86 in 1Q 2023). Revenue: NT$23.2b (down 20% from 1Q 2023). Net income: NT$1.08b (down 45% from 1Q 2023). Profit margin: 4.7% (down from 6.8% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) also missed analyst estimates by 15%. Revenue is forecast to grow 6.6% p.a. on average during the next 2 years, compared to a 2.8% growth forecast for the Metals and Mining industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.
分析記事 • May 02Is Ta Chen Stainless Pipe (TWSE:2027) A Risky Investment?Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...
New Risk • Mar 23New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 41% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (41% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (5.3% net profit margin).
Major Estimate Revision • Mar 23Consensus EPS estimates fall by 15%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from NT$107.7b to NT$102.4b. EPS estimate also fell from NT$3.02 per share to NT$2.57 per share. Net income forecast to grow 17% next year vs 12% growth forecast for Metals and Mining industry in Taiwan. Consensus price target of NT$39.00 unchanged from last update. Share price rose 2.2% to NT$37.10 over the past week.
分析記事 • Mar 22Ta Chen Stainless Pipe's (TWSE:2027) Conservative Accounting Might Explain Soft EarningsThe market for Ta Chen Stainless Pipe Co., Ltd.'s ( TWSE:2027 ) shares didn't move much after it posted weak earnings...
Reported Earnings • Mar 17Full year 2023 earnings: EPS and revenues miss analyst expectationsFull year 2023 results: EPS: NT$2.30 (down from NT$5.19 in FY 2022). Revenue: NT$101.3b (down 11% from FY 2022). Net income: NT$5.33b (down 56% from FY 2022). Profit margin: 5.3% (down from 11% in FY 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) also missed analyst estimates by 2.1%. Revenue is forecast to grow 8.5% p.a. on average during the next 2 years, compared to a 3.9% growth forecast for the Metals and Mining industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 14% per year.
分析記事 • Mar 15Investors Could Be Concerned With Ta Chen Stainless Pipe's (TWSE:2027) Returns On CapitalWhat are the early trends we should look for to identify a stock that could multiply in value over the long term? In a...
お知らせ • Mar 14Ta Chen Stainless Pipe Co., Ltd., Annual General Meeting, Jun 19, 2024Ta Chen Stainless Pipe Co., Ltd., Annual General Meeting, Jun 19, 2024.
Price Target Changed • Jan 15Price target decreased by 7.6% to NT$39.00Down from NT$42.22, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of NT$37.40. Stock is up 4.4% over the past year. The company is forecast to post earnings per share of NT$2.34 for next year compared to NT$5.19 last year.
お知らせ • Aug 31+ 1 more updateTa Chen Stainless Pipe Co., Ltd. Announces Election of DirectorsTa Chen Stainless Pipe Co., Ltd. announced the newly election of directors (including Independent Directors) on 2023 first special Shareholders Meeting. Title and name of the new position holder: Director: Tsai, Yong-Yu; Independent director: Wang, Kuang-Tzu. Resume of the new position holder: Director: Tsai, Yong-Yu, Chairman of Jinn Her Enterprise Co., Ltd.; Independent director: Wang, Kuang-Tzu, Independent director/Member of Audit Committee and Remuneration Committee of Brighton-Best International (Taiwan) Inc. Effective date of the new appointment is August 30, 2023.
Major Estimate Revision • Aug 21Consensus revenue estimates fall by 13%The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from NT$117.4b to NT$102.1b. EPS estimate fell from NT$3.22 to NT$2.37 per share. Net income forecast to grow 13% next year vs 8.1% growth forecast for Metals and Mining industry in Taiwan. Consensus price target broadly unchanged at NT$43.00. Share price fell 3.8% to NT$36.30 over the past week.
New Risk • Aug 18New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 5.5% Last year net profit margin: 14% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks High level of debt (44% net debt to equity). Dividend is not well covered by cash flows (115% cash payout ratio). Profit margins are more than 30% lower than last year (5.5% net profit margin).
Reported Earnings • Aug 17Second quarter 2023 earnings: EPS misses analyst expectationsSecond quarter 2023 results: EPS: NT$0.70 (down from NT$2.36 in 2Q 2022). Revenue: NT$26.4b (down 18% from 2Q 2022). Net income: NT$1.63b (down 70% from 2Q 2022). Profit margin: 6.2% (down from 17% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 8.7%. Revenue is forecast to grow 9.6% p.a. on average during the next 2 years, compared to a 4.3% growth forecast for the Metals and Mining industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Jul 21Upcoming dividend of NT$2.40 per share at 4.9% yieldEligible shareholders must have bought the stock before 28 July 2023. Payment date: 04 September 2023. Payout ratio is a comfortable 48% but the company is paying out more than the cash it is generating. Trailing yield: 4.9%. Lower than top quartile of Taiwanese dividend payers (5.5%). Higher than average of industry peers (3.8%).
お知らせ • Jul 13+ 1 more updateTa Chen Stainless Pipe Co., Ltd. Announces Cash Dividends, Payable on September 04, 2023Ta Chen Stainless Pipe Co., Ltd. announced Cash dividends of TWD 4,868,521,229 or TWD 2.4 per share. The dividend will be payable on September 04, 2023. Ex-rights (ex-dividend) trading date of July 28, 2023 and Ex-rights (ex-dividend) record date of August 05, 2023.
お知らせ • Jun 27+ 1 more updateTa Chen Stainless Pipe Co., Ltd. Announces Executive ChangesTa Chen Stainless Pipe Co., Ltd. announced newly election of directors (including Independent Directors) at the 2023 Shareholders' meeting. Title and name of the previous position holder: Director: Representative of Ta Ying Cheng Investment Co., Ltd.: Shieh, Li-Yun; Director: Shieh, Rung-Kun; Director: Tsai, Yung-Yu; Director: Tsai, Chao-Chin; Director: Ou, I-Lan; Director: Hsieh, Jung-Huei; Director: Tu, Shi-Hsien; Director: Representative of Linfangjin Charitable Foundation: Lin, Mei-Feng; Independent director: Shen, Ming-Chang; Independent director: Hsu, Chun-An; Independent director: Wang, Kuang-Hsiang. Title and name of the new position holder: Director: Representative of Wei-Yi Investment Co., Ltd.: Shieh, Li-Yun; Director: Representative of Ta Ying Cheng Investment Co., Ltd.: Shieh, Rung-Kun; Director: Representative of Ta Ying Cheng Investment Co., Ltd.: Wang, Ling-Hwa; Director: Tsai, Chao-Chin; Director: Representative of Wise Creation Investment Ltd.: Ou, I-Lan; Director: Hsieh, Erh-Yi; Director: Tu, Shi-Hsien; Director: Representative of Linfangjin Charitable Foundation: Lin, Mei-Feng; Independent director: Shen, Ming-Chang; Independent director: Hsu, Chun-An; Independent director: Wang, Kuang-Hsiang. The effective date of the new appointment: June 26, 2023.
New Risk • Jun 20New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 5.2% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (18% operating cash flow to total debt). Earnings are forecast to decline by an average of 5.2% per year for the foreseeable future. Minor Risk Dividend is not well covered by cash flows (dividend per share is over 17x cash flows per share).
New Risk • Jun 19New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 18% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (18% operating cash flow to total debt). Minor Risk Dividend is not well covered by cash flows (dividend per share is over 17x cash flows per share).
Price Target Changed • Mar 15Price target increased by 7.4% to NT$50.50Up from NT$47.00, the current price target is an average from 2 analysts. New target price is 10% above last closing price of NT$45.80. Stock is down 4.9% over the past year. The company is forecast to post earnings per share of NT$6.29 for next year compared to NT$5.70 last year.
Board Change • Nov 16Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 6 experienced directors. 4 highly experienced directors. 3 independent directors (8 non-independent directors). Independent Director Chun-An Hsu was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
お知らせ • Nov 12Ta Chen Stainless Pipe Co., Ltd. Announces Executive ChangesTa Chen Stainless Pipe Co., Ltd. announced the change of Chief Information Security Officer. Name, title, and resume of the previous position holder: Dennis Chang /Vice President. Name, title, and resume of the new position holder: Keven Hong /Information Department Manager. Reason for the change: Dennis Chang is the Chief Information Security Officer of the subsidiary Brighton Best International (Taiwan) Inc. Effective date is November 11, 2022.
Reported Earnings • Aug 15Second quarter 2022 earnings: EPS exceeds analyst expectationsSecond quarter 2022 results: EPS: NT$2.83 (up from NT$1.42 in 2Q 2021). Revenue: NT$32.3b (up 27% from 2Q 2021). Net income: NT$5.47b (up 134% from 2Q 2021). Profit margin: 17% (up from 9.2% in 2Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 8.1%. Over the next year, revenue is forecast to grow 5.9% compared to a 5.0% decline forecast for the Metals and Mining industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.
Price Target Changed • Jul 28Price target decreased to NT$51.23Down from NT$61.88, the current price target is provided by 1 analyst. New target price is 47% above last closing price of NT$34.90. Stock is down 32% over the past year. The company is forecast to post earnings per share of NT$7.69 for next year compared to NT$5.70 last year.
Upcoming Dividend • Jul 13Upcoming dividend of NT$1.80 per shareEligible shareholders must have bought the stock before 20 July 2022. Payment date: 25 August 2022. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 5.3%. Lower than top quartile of Taiwanese dividend payers (6.9%). Lower than average of industry peers (9.1%).
お知らせ • Jul 06Ta Chen Stainless Pipe Co., Ltd. Announces Cash Dividend, Payable August 25, 2022The board of directors or shareholders meeting or decision by the Ta Chen Stainless Pipe Co., Ltd. July 5, 2022, announced Cash dividends of TWD 3,615,238,536 (TWD 1.8 per share). Ex-rights (ex-dividend) trading date is July 20, 2022. Ex-rights (ex-dividend) record date is July 26, 2022. The Cash dividends will be paid on August 25, 2022.
Reported Earnings • May 17First quarter 2022 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2022 results: EPS: NT$2.24 (up from NT$0.88 in 1Q 2021). Revenue: NT$30.2b (up 44% from 1Q 2021). Net income: NT$4.29b (up 199% from 1Q 2021). Profit margin: 14% (up from 6.8% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 15%. Earnings per share (EPS) also surpassed analyst estimates by 65%. Over the next year, revenue is forecast to grow 23%, compared to a 5.0% growth forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.
お知らせ • May 12Ta Chen Stainless Pipe Co., Ltd. Announces Appointment of Dennis Chang as Chief Information Security OfficerTa Chen Stainless Pipe Co., Ltd. announced the appointment of Dennis Chang as Chief Information Security Officer, effective from May 10, 2022.
Board Change • Apr 27Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 10 experienced directors. 1 highly experienced director. 3 independent directors (9 non-independent directors). Independent Director Chun-An Hsu was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Reported Earnings • Apr 02Full year 2021 earnings: EPS misses analyst expectationsFull year 2021 results: EPS: NT$5.76 (up from NT$0.44 loss in FY 2020). Revenue: NT$96.9b (up 64% from FY 2020). Net income: NT$9.67b (up NT$10.2b from FY 2020). Profit margin: 10.0% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 100%. Over the next year, revenue is forecast to grow 21%, compared to a 8.4% growth forecast for the mining industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.
お知らせ • Dec 19Ta Chen Stainless Pipe Co., Ltd. (TWSE:2027) acquired a 38.43% stake in TY Steel Co., Ltd. for approximately THB 750 million.Ta Chen Stainless Pipe Co., Ltd. (TWSE:2027) acquired a 38.43% stake in TY Steel Co., Ltd. for approximately THB 750 million on December 17, 2021. 74.840 million shares are acquired at Unit price of THB 10. Transaction is funded from bank loan. Ta Chen Stainless Pipe Co., Ltd. (TWSE:2027) completed the acquisition of a 38.43% stake in TY Steel Co., Ltd. on December 17, 2021.
Reported Earnings • Nov 15Third quarter 2021 earnings released: EPS NT$1.86 (vs NT$0.076 loss in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$26.0b (up 79% from 3Q 2020). Net income: NT$3.04b (up NT$3.13b from 3Q 2020). Profit margin: 12% (up from net loss in 3Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings.
Reported Earnings • Aug 15Second quarter 2021 earnings released: EPS NT$1.44 (vs NT$0.58 loss in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$25.5b (up 111% from 2Q 2020). Net income: NT$2.34b (up NT$3.07b from 2Q 2020). Profit margin: 9.2% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 74 percentage points per year, which is a significant difference in performance.
Major Estimate Revision • Aug 14Consensus forecasts updatedThe consensus outlook for 2021 has been updated. 2021 EPS estimate increased from NT$5.38 to NT$6.08. Revenue forecast steady at NT$99.9b. Net income forecast to grow 856% next year vs 59% growth forecast for Metals and Mining industry in Taiwan. Consensus price target of NT$67.50 unchanged from last update. Share price rose 2.5% to NT$52.30 over the past week.
Upcoming Dividend • Aug 02Upcoming dividend of NT$0.80 per shareEligible shareholders must have bought the stock before 09 August 2021. Payment date: 09 September 2021. Trailing yield: 1.5%. Lower than top quartile of Taiwanese dividend payers (5.0%). In line with average of industry peers (1.5%).
Major Estimate Revision • Jul 14Consensus forecasts updatedThe consensus outlook for 2021 has been updated. 2021 EPS estimate increased from NT$4.63 to NT$5.38. Revenue forecast steady at NT$99.1b. Net income forecast to grow 763% next year vs 91% growth forecast for Metals and Mining industry in Taiwan. Consensus price target up from NT$60.00 to NT$67.50. Share price fell 4.7% to NT$54.40 over the past week.
Valuation Update With 7 Day Price Move • Jun 29Investor sentiment improved over the past weekAfter last week's 21% share price gain to NT$57.90, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 11x in the Metals and Mining industry in Taiwan. Total returns to shareholders of 95% over the past three years.
Major Estimate Revision • Jun 05Consensus forecasts updatedThe consensus outlook for 2021 has been updated. 2021 revenue forecast increased from NT$83.5b to NT$99.3b. EPS estimate fell from NT$5.85 to NT$4.63. Net income forecast to grow 822% next year vs 82% growth forecast for Metals and Mining industry in Taiwan. Consensus price target up from NT$41.67 to NT$50.00. Share price rose 8.1% to NT$48.60 over the past week.
Valuation Update With 7 Day Price Move • May 24Investor sentiment improved over the past weekAfter last week's 17% share price gain to NT$40.20, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 10x in the Metals and Mining industry in Taiwan. Total returns to shareholders of 51% over the past three years.
Reported Earnings • May 15First quarter 2021 earnings released: EPS NT$0.88 (vs NT$0.17 loss in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$21.0b (up 30% from 1Q 2020). Net income: NT$1.43b (up NT$1.64b from 1Q 2020). Profit margin: 6.8% (up from net loss in 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 79 percentage points per year, which is a significant difference in performance.
分析記事 • Apr 11Is Ta Chen Stainless Pipe Co., Ltd. (TPE:2027) A Smart Choice For Dividend Investors?Today we'll take a closer look at Ta Chen Stainless Pipe Co., Ltd. ( TPE:2027 ) from a dividend investor's perspective...
Reported Earnings • Mar 31Full year 2020 earnings released: NT$0.48 loss per share (vs NT$1.46 profit in FY 2019)The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: NT$59.2b (down 24% from FY 2019). Net loss: NT$573.4m (down 132% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.
分析記事 • Mar 21Are Investors Undervaluing Ta Chen Stainless Pipe Co., Ltd. (TPE:2027) By 41%?Does the March share price for Ta Chen Stainless Pipe Co., Ltd. ( TPE:2027 ) reflect what it's really worth? Today, we...
Is New 90 Day High Low • Mar 04New 90-day high: NT$32.80The company is up 7.0% from its price of NT$30.60 on 04 December 2020. The Taiwanese market is up 15% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$50.89 per share.
分析記事 • Feb 28Is Ta Chen Stainless Pipe (TPE:2027) A Risky Investment?David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
分析記事 • Feb 07Has Ta Chen Stainless Pipe (TPE:2027) Got What It Takes To Become A Multi-Bagger?To find a multi-bagger stock, what are the underlying trends we should look for in a business? In a perfect world, we'd...
分析記事 • Jan 17Ta Chen Stainless Pipe (TPE:2027) Has Gifted Shareholders With A Fantastic 170% Total Return On Their InvestmentTa Chen Stainless Pipe Co., Ltd. ( TPE:2027 ) shareholders might be concerned after seeing the share price drop 12% in...
分析記事 • Dec 21Is Ta Chen Stainless Pipe Co., Ltd. (TPE:2027) A Strong Dividend Stock?Today we'll take a closer look at Ta Chen Stainless Pipe Co., Ltd. ( TPE:2027 ) from a dividend investor's perspective...
Is New 90 Day High Low • Dec 21New 90-day high: NT$32.40The company is up 60% from its price of NT$20.20 on 22 September 2020. The Taiwanese market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 18% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$69.36 per share.
Price Target Changed • Dec 04Price target raised to NT$34.50Up from NT$30.88, the current price target is an average from 2 analysts. The new target price is 13% above the current share price of NT$30.60. As of last close, the stock is up 1.7% over the past year.
分析記事 • Nov 30Estimating The Fair Value Of Ta Chen Stainless Pipe Co., Ltd. (TPE:2027)How far off is Ta Chen Stainless Pipe Co., Ltd. (TPE:2027) from its intrinsic value? Using the most recent financial...
Is New 90 Day High Low • Nov 26New 90-day high: NT$26.35The company is up 24% from its price of NT$21.25 on 28 August 2020. The Taiwanese market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 15% over the same period.
Reported Earnings • Nov 14Third quarter 2020 earnings released: NT$0.08 loss per shareThe company reported a poor third quarter result with weaker earnings, revenues and control over expenses. Third quarter 2020 results: Revenue: NT$14.6b (down 27% from 3Q 2019). Net loss: NT$95.2m (down 143% from profit in 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings.
