View ValuationChina Steel 향후 성장Future 기준 점검 3/6China Steel (는) 각각 연간 145.4% 및 2.1% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 114.4% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 2.4% 로 예상됩니다.핵심 정보145.4%이익 성장률114.37%EPS 성장률Metals and Mining 이익 성장88.4%매출 성장률2.1%향후 자기자본이익률2.41%애널리스트 커버리지Good마지막 업데이트19 May 2026최근 향후 성장 업데이트Price Target Changed • Dec 16Price target decreased by 9.2% to NT$20.28Down from NT$22.32, the current price target is an average from 9 analysts. New target price is 9.3% above last closing price of NT$18.55. Stock is down 7.2% over the past year. The company is forecast to post a net loss per share of NT$0.37 compared to earnings per share of NT$0.13 last year.Major Estimate Revision • Jul 16Consensus EPS estimates increase by 18%, revenue downgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from NT$355.5b to NT$351.1b. EPS estimate rose from NT$0.363 to NT$0.428. Net income forecast to grow 707% next year vs 118% growth forecast for Metals and Mining industry in Taiwan. Consensus price target broadly unchanged at NT$23.14. Share price was steady at NT$18.80 over the past week.Major Estimate Revision • Mar 03Consensus EPS estimates increase by 16%, revenue downgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from NT$369.3b to NT$361.0b. EPS estimate rose from NT$0.584 to NT$0.68. Net income forecast to grow 125% next year vs 13% growth forecast for Metals and Mining industry in Taiwan. Consensus price target up from NT$24.13 to NT$25.51. Share price rose 3.4% to NT$24.00 over the past week.Major Estimate Revision • Jan 21Consensus EPS estimates fall by 11%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from NT$0.212 to NT$0.19 per share. Revenue forecast steady at NT$359.8b. Net income forecast to grow 97% next year vs 0.1% growth forecast for Metals and Mining industry in Taiwan. Consensus price target broadly unchanged at NT$23.58. Share price rose 10% to NT$20.25 over the past week.Major Estimate Revision • Nov 20Consensus EPS estimates fall by 33%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from NT$365.2b to NT$352.7b. EPS estimate also fell from NT$0.226 per share to NT$0.151 per share. Net income forecast to grow 127% next year vs 2.2% growth forecast for Metals and Mining industry in Taiwan. Consensus price target of NT$23.83 unchanged from last update. Share price was steady at NT$22.30 over the past week.Major Estimate Revision • Nov 08Consensus EPS estimates fall by 23%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from NT$369.5b to NT$365.2b. EPS estimate also fell from NT$0.292 per share to NT$0.226 per share. Net income forecast to grow 98% next year vs 11% growth forecast for Metals and Mining industry in Taiwan. Consensus price target broadly unchanged at NT$23.83. Share price rose 2.4% to NT$23.25 over the past week.모든 업데이트 보기Recent updatesNew Risk • May 11New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 19% 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. This is currently the only risk that has been identified for the company.Reported Earnings • May 09First quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2026 results: NT$0.16 loss per share (down from NT$0.016 profit in 1Q 2025). Revenue: NT$79.2b (down 4.8% from 1Q 2025). Net loss: NT$2.45b (down NT$2.70b from profit in 1Q 2025). Revenue exceeded analyst estimates by 2.3%. Earnings per share (EPS) missed analyst estimates by 78%. Revenue is forecast to grow 2.9% p.a. on average during the next 3 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 59% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings.Board Change • Mar 26Less than half of directors are independentThere are 11 new directors who have joined the board in the last 3 years. Of these new board members, 4 were independent directors. The company's board is composed of: 11 new directors. 1 experienced director. No highly experienced directors. 4 independent directors (8 non-independent directors). Chairperson Chien-Chih Hwang is the most experienced director on the board, commencing their role in 2019. Independent Director Shih-Kun Wang was the last independent director to join the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors.공시 • Mar 02China Steel Corporation, Annual General Meeting, May 22, 2026China Steel Corporation, Annual General Meeting, May 22, 2026, at 09:00 Taipei Standard Time. Location: no,1, chung kang rd., siaogang district, kaohsiung city TaiwanPrice Target Changed • Dec 16Price target decreased by 9.2% to NT$20.28Down from NT$22.32, the current price target is an average from 9 analysts. New target price is 9.3% above last closing price of NT$18.55. Stock is down 7.2% over the past year. The company is forecast to post a net loss per share of NT$0.37 compared to earnings per share of NT$0.13 last year.Reported Earnings • Nov 13Third quarter 2025 earnings: EPS and revenues miss analyst expectationsThird quarter 2025 results: NT$0.16 loss per share (further deteriorated from NT$0.005 loss in 3Q 2024). Revenue: NT$73.5b (down 14% from 3Q 2024). Net loss: NT$2.48b (loss widened NT$2.40b from 3Q 2024). Revenue missed analyst estimates by 3.1%. Earnings per share (EPS) also missed analyst estimates by 19%. Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Metals and Mining industry in Taiwan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 92 percentage points per year, which is a significant difference in performance.Reported Earnings • Aug 09Second quarter 2025 earnings: EPS and revenues miss analyst expectationsSecond quarter 2025 results: NT$0.12 loss per share (down from NT$0.085 profit in 2Q 2024). Revenue: NT$85.1b (down 10.0% from 2Q 2024). Net loss: NT$1.90b (down 247% from profit in 2Q 2024). Revenue missed analyst estimates by 3.1%. Earnings per share (EPS) also missed analyst estimates. Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Metals and Mining industry in Taiwan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 103 percentage points per year, which is a significant difference in performance.Upcoming Dividend • Jul 19Upcoming dividend of NT$0.33 per shareEligible shareholders must have bought the stock before 24 July 2025. Payment date: 27 August 2025. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 1.7%. Lower than top quartile of Taiwanese dividend payers (5.3%). Lower than average of industry peers (3.4%).Major Estimate Revision • Jul 16Consensus EPS estimates increase by 18%, revenue downgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from NT$355.5b to NT$351.1b. EPS estimate rose from NT$0.363 to NT$0.428. Net income forecast to grow 707% next year vs 118% growth forecast for Metals and Mining industry in Taiwan. Consensus price target broadly unchanged at NT$23.14. Share price was steady at NT$18.80 over the past week.Declared Dividend • Jul 05Dividend reduced to NT$0.33Dividend of NT$0.33 is 5.7% lower than last year. Ex-date: 24th July 2025 Payment date: 27th August 2025 Dividend yield will be 1.7%, which is lower than the industry average of 3.9%. Sustainability & Growth Dividend is not covered by earnings (332% earnings payout ratio) nor is it covered by cash flows (210% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 269% to bring the payout ratio under control. EPS is expected to grow by 186% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio.공시 • Jun 20+ 3 more updatesChina Steel Corporation Approves Board ChangesChina Steel Corporation announced at annual general meeting held on June 19, 2025, the shareholders approved election of Jung-Chi Chang, Representing Chiun Yu Investment Corporation. Shih-Kun Wang, Chia-Chi Lu, Wan-Ru Yang and Yu-Chin Liao as Independent Directors of the company. Title and name of the previous position holder: Representative of Hung Kao Investment Corporation: Cheng-I Weng, Representative of Chiun Yu Investment Corporation: Kuan-Fu Chen, Independent Directors: Shyue-Bin Chang, Min-Hsiung Hon and Lan-Feng Kao. Resume of the previous position holder: Cheng-I Weng/Adjunct Chair Professor, Kun Shan University. Kuan-Fu Chen/Vice President, Corporate Planning Division, China Steel Corporation. Shyue-Bin Chang/Member, Scientific Research Industrialization Platform, National Science and Technology Council. Min-Hsiung Hon/Emeritus Professor, Department of Materials Science and Engineering, National Cheng Kung University. Lan-Feng Kao/Professor, Department of Finance, National University of Kaohsiung. Resume of the new position holder: Jung-Chi Chang/General Manager of Legal Department, China Steel Corporation. Shih-Kun Wang/Managing Partner and Certified Public Accountant, Liyi, CPAs. Chia-Chi Lu/Associate Professor, Graduate Institute of Accounting and Department of Finance, National Central University. Wan-Ru Yang /Professor and Chairman, Department of Finance, National University of Kaohsiung. Yu-Chin Liao/Partner, Wen Hui Attorneys at Law. Effective date of the new appointment: June 19, 2025.Reported Earnings • May 13First quarter 2025 earnings: EPS misses analyst expectationsFirst quarter 2025 results: EPS: NT$0.02 (down from NT$0.041 in 1Q 2024). Revenue: NT$83.2b (down 11% from 1Q 2024). Net income: NT$243.2m (down 61% from 1Q 2024). Profit margin: 0.3% (down from 0.7% in 1Q 2024). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 69%. Revenue is forecast to grow 3.6% p.a. on average during the next 2 years, compared to a 5.6% growth forecast for the Metals and Mining industry in Taiwan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 101 percentage points per year, which is a significant difference in performance.공시 • Mar 25China Steel Corporation Announces Board ChangesChina Steel Corporation announced the change of juristic-person representative director and change in one-third or more of directors. Title and name of the previous position holder: Representative of Ministry of Economic Affairs: Ching-Chang Lien. Resume of the previous position holder: former Vice Minister, Ministry of Economic Affairs. Title and name of the new position holder: Representative of Ministry of Economic Affairs: Chien-Hsin Lai Resume of the new position holder: Vice Minister, Ministry of Economic Affairs. Circumstances of change: new appointment. Effective date of the new appointment: March 24, 2025. The original term for the position was from June 17, 2022, to June 16, 2025.Reported Earnings • Mar 05Full year 2024 earnings: EPS misses analyst expectationsFull year 2024 results: EPS: NT$0.13 (up from NT$0.11 in FY 2023). Revenue: NT$360.5b (flat on FY 2023). Net income: NT$1.92b (up 18% from FY 2023). Profit margin: 0.5% (up from 0.4% in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 27%. Revenue is forecast to grow 1.2% p.a. on average during the next 2 years, compared to a 4.6% growth forecast for the Metals and Mining industry in Taiwan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 95 percentage points per year, which is a significant difference in performance.공시 • Mar 03China Steel Corporation, Annual General Meeting, Jun 19, 2025China Steel Corporation, Annual General Meeting, Jun 19, 2025, at 09:00 Taipei Standard Time. Location: no,1, chung kang rd., siaogang district, kaohsiung city TaiwanMajor Estimate Revision • Mar 03Consensus EPS estimates increase by 16%, revenue downgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from NT$369.3b to NT$361.0b. EPS estimate rose from NT$0.584 to NT$0.68. Net income forecast to grow 125% next year vs 13% growth forecast for Metals and Mining industry in Taiwan. Consensus price target up from NT$24.13 to NT$25.51. Share price rose 3.4% to NT$24.00 over the past week.공시 • Mar 01China Steel Corporation Proposes Cash Dividends for the Year Ended December 31, 2024China Steel Corporation proposed cash dividends to shareholders of TWD 0.33000000 per share for the year ended December 31, 2024. Total amount of cash distributed to shareholders was TWD 5,143,004,129.공시 • Feb 20China Steel Corporation to Report Fiscal Year 2024 Results on Feb 27, 2025China Steel Corporation announced that they will report fiscal year 2024 results on Feb 27, 2025Major Estimate Revision • Jan 21Consensus EPS estimates fall by 11%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from NT$0.212 to NT$0.19 per share. Revenue forecast steady at NT$359.8b. Net income forecast to grow 97% next year vs 0.1% growth forecast for Metals and Mining industry in Taiwan. Consensus price target broadly unchanged at NT$23.58. Share price rose 10% to NT$20.25 over the past week.공시 • Nov 30China Steel Corporation Announces President Changes on Behalf of Subsidiary DSCChina Steel Corporation announced on behalf of subsidiary DSC for the change of the President. Name of the previous position holder: Shao-Jung Lu4.Resume of the previous position holder: former President of DSC5.Name of the new position holder: Nai-Wen Liang6.Resume of the new position holder: new President of DSC; former Assistant Vice President of Production Division of CSC Reason for the change: job relocation. Effective date of the new appointment: December 1, 2024.Major Estimate Revision • Nov 20Consensus EPS estimates fall by 33%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from NT$365.2b to NT$352.7b. EPS estimate also fell from NT$0.226 per share to NT$0.151 per share. Net income forecast to grow 127% next year vs 2.2% growth forecast for Metals and Mining industry in Taiwan. Consensus price target of NT$23.83 unchanged from last update. Share price was steady at NT$22.30 over the past week.Reported Earnings • Nov 09Third quarter 2024 earnings: EPS misses analyst expectationsThird quarter 2024 results: NT$0.01 loss per share (improved from NT$0.046 loss in 3Q 2023). Revenue: NT$85.6b (down 3.0% from 3Q 2023). Net loss: NT$81.4m (loss narrowed 88% from 3Q 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to stay flat during the next 3 years compared to a 3.3% growth forecast for the Metals and Mining industry in Taiwan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 86 percentage points per year, which is a significant difference in performance.Major Estimate Revision • Nov 08Consensus EPS estimates fall by 23%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from NT$369.5b to NT$365.2b. EPS estimate also fell from NT$0.292 per share to NT$0.226 per share. Net income forecast to grow 98% next year vs 11% growth forecast for Metals and Mining industry in Taiwan. Consensus price target broadly unchanged at NT$23.83. Share price rose 2.4% to NT$23.25 over the past week.공시 • Nov 01China Steel Corporation to Report Nine Months, 2024 Results on Nov 08, 2024China Steel Corporation announced that they will report nine months, 2024 results on Nov 08, 2024Major Estimate Revision • Oct 30Consensus 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$375.7b to NT$371.2b. EPS estimate also fell from NT$0.344 per share to NT$0.292 per share. Net income forecast to grow 195% next year vs 9.2% growth forecast for Metals and Mining industry in Taiwan. Consensus price target broadly unchanged at NT$24.26. Share price was steady at NT$22.35 over the past week.공시 • Sep 12+ 1 more updateChina Steel Corporation Announces Chairperson ChangesChina Steel Corporation announced that Chien-Chih Hwang has replaced Shyi-Chin Wang as chairperson, effective September 10, 2024. Resume of the new position holder: new Chairman of CSC; former Executive Vice President, Spokesperson, Corporate Governance Officer and Chief Information Security Officer of CSC. Reason for the change:The Board of Directors elected the new Chairman.공시 • Sep 11+ 1 more updateChina Steel Corporation Announces President ChangesChina Steel Corporation announced change of the President. Name and Resume of the previous position holder: Shyi-Chin Wang, former Acting Chairman and President of CSC. Name and Resume of the new position holder: Shou-Tao Chen, new President of CSC; former Vice President of Production Division and Acting Spokesperson of CSC. Effective date of the new appointment is September 10, 2024. Reason for the change is job relocation.공시 • Sep 07China Steel Corporation Announces the Change of Juristic-Person Representative DirectorChina Steel Corporation announced the change of juristic-person representative director. Title and name of the previous position holder: Representative of Ever Wealthy International Corporation: Chien-Chih Hwang; Resume of the previous position holder: Executive Vice President of CSC. Title and name of the new position holder: Representative of Ever Wealthy International Corporation: Jih-Jau Jeng, Resume of the new position holder: Vice President of Technology Division of CSC; Representative of Chiun Yu Investment Corporation: Kuan-Fu Chen; Resume of the new position holder: Vice President of Corporate Planning Division of CSC. Reason for the change: Change of juristic-person representative director. Effective date of the new appointment: September 10, 2024.공시 • Sep 06China Steel Corporation Announces Changes to Its BoardChina Steel Corporation announced changes to its board. Title and name of the previous position holder: Shyi-Chin Wang and Ming-Jong Liou. Resume of the previous position holder: Representing Ministry of Economic Affairs, Acting Chairman and President of CSC and Representing Ministry of Economic Affairs, former Director of Critical Infrastructure Committee, Ministry of Economic Affairs. Title and name of the new position holder: Chien-Chih Hwang and Wen-Chung Hu. Resume of the new position holder: Executive Vice President of CSC and Director of Department of State-owned Enterprise Affairs, Ministry of Economic Affairs. Effective date of the new appointment: 10 September 2024.Major Estimate Revision • Aug 20Consensus EPS estimates fall by 55%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from NT$376.6b to NT$353.7b. EPS estimate also fell from NT$0.437 per share to NT$0.197 per share. Net income forecast to grow 238% next year vs 17% growth forecast for Metals and Mining industry in Taiwan. Consensus price target broadly unchanged at NT$24.91. Share price was steady at NT$22.00 over the past week.Reported Earnings • Aug 14Second quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behindSecond quarter 2024 results: EPS: NT$0.09 (up from NT$0.065 in 2Q 2023). Revenue: NT$94.6b (flat on 2Q 2023). Net income: NT$1.32b (up 32% from 2Q 2023). Profit margin: 1.4% (up from 1.1% in 2Q 2023). Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) exceeded analyst estimates by 5.9%. Revenue is forecast to grow 1.1% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Metals and Mining industry in Taiwan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 68 percentage points per year, which is a significant difference in performance.공시 • Aug 06China Steel Corporation to Report First Half, 2024 Results on Aug 13, 2024China Steel Corporation announced that they will report first half, 2024 results on Aug 13, 2024Upcoming Dividend • Jul 18Upcoming dividend of NT$0.35 per shareEligible shareholders must have bought the stock before 25 July 2024. Payment date: 28 August 2024. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 1.5%. Lower than top quartile of Taiwanese dividend payers (4.2%). Lower than average of industry peers (2.7%).Declared Dividend • Jul 04Dividend reduced to NT$0.35Dividend of NT$0.35 is 65% lower than last year. Ex-date: 25th July 2024 Payment date: 28th August 2024 Dividend yield will be 1.5%, which is lower than the industry average of 3.9%. Sustainability & Growth Dividend is not covered by earnings (180% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 3.8% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 100% to bring the payout ratio under control. EPS is expected to grow by 276% over the next 3 years, which is sufficient to bring the dividend into a sustainable range.공시 • Jul 03China Steel Corporation Announces Cash Dividend, Payable on 28 August 2024China Steel Corporation announced cash dividend of TWD 0.35 per share; the total amount is TWD 5,454,701,349. Ex-rights (ex-dividend) trading date: 25 July 2024. Ex-rights (ex-dividend) record date: 1 August 2024. Payment date of common stock cash dividend distribution: 28 August 2024.New Risk • Jun 13New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 180% The company is paying a dividend despite having no free cash flows. Dividend yield: 4.3% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (13% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Payout ratio: 180% Paying a dividend despite having no free cash flows. Minor Risk Profit margins are more than 30% lower than last year (0.8% net profit margin).공시 • May 18China Steel Corporation Announces Resignation of Shyi-Chin Wang as Juristic-Person Representative Director, Effective on May 18, 2024China Steel Corporation received official document from Chiun Yu Investment Corporation on May 17, 2024, notifying that Mr. Shyi-Chin Wang will resign from the position as juristic-person representative director effective on May 18, 2024.Reported Earnings • May 08First quarter 2024 earnings released: EPS: NT$0.04 (vs NT$0.048 loss in 1Q 2023)First quarter 2024 results: EPS: NT$0.04 (up from NT$0.048 loss in 1Q 2023). Revenue: NT$93.8b (up 2.6% from 1Q 2023). Net income: NT$640.6m (up NT$1.38b from 1Q 2023). Profit margin: 0.7% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Metals and Mining industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings.공시 • May 03China Steel Corporation Announces Change of Juristic-Person Representative Director, Effective May 18, 2024China Steel Corporation announced change of juristic-person representative director. Date of occurrence of the change: May 02, 2024. Name of the previous position holder: Chao-Tung Wong. Resume of the previous position holder: Chairman of CSC. Name of the new position holder: Shyi-Chin Wang. Resume of the new position holder: President of CSC. Reason for the change: retirement and resignation. Resign of juristic-person representative director, effected at May 18, 2024. Effective date of the new appointment is May 18, 2024.공시 • May 01China Steel Corporation to Report Q1, 2024 Results on May 07, 2024China Steel Corporation announced that they will report Q1, 2024 results on May 07, 2024Reported Earnings • Mar 05Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2023 results: EPS: NT$0.11 (down from NT$1.15 in FY 2022). Revenue: NT$363.3b (down 19% from FY 2022). Net income: NT$1.63b (down 91% from FY 2022). Profit margin: 0.4% (down from 3.9% in FY 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 3.5%. Earnings per share (EPS) exceeded analyst estimates by 1.9%. Revenue is forecast to grow 4.3% p.a. on average during the next 2 years, compared to a 5.8% growth forecast for the Metals and Mining industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings.공시 • Mar 01+ 1 more updateChina Steel Corporation, Annual General Meeting, Jun 19, 2024China Steel Corporation, Annual General Meeting, Jun 19, 2024, at 09:00 Taipei Standard Time. Location: No.1 Chung Kang Road, Hsiao Kang District, Kaohsiung, Taiwan, R.O.C. Kaohsiung Taiwan Agenda: To discuss Report on the Operations of 2023; to discuss Report on the Audit Committee's review report of 2023; to discuss Report on compensation for employees and remuneration for directors of 2023; to discuss Report on the issuance of domestic unsecured ordinary corporate bonds in 2023; to discuss Report on the 4th share repurchase and execution; and to discuss other matters.Reported Earnings • Nov 07Third quarter 2023 earnings: EPS and revenues miss analyst expectationsThird quarter 2023 results: NT$0.046 loss per share (down from NT$0.13 profit in 3Q 2022). Revenue: NT$88.2b (down 16% from 3Q 2022). Net loss: NT$703.4m (down 137% from profit in 3Q 2022). Revenue missed analyst estimates by 4.5%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Metals and Mining industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings.Reported Earnings • Aug 06Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2023 results: EPS: NT$0.06 (down from NT$0.65 in 2Q 2022). Revenue: NT$95.4b (down 29% from 2Q 2022). Net income: NT$992.6m (down 90% from 2Q 2022). Profit margin: 1.0% (down from 7.5% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) missed analyst estimates by 14%. Revenue is forecast to grow 3.0% p.a. on average during the next 3 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 increased by 22% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.공시 • Aug 05China Steel Corporation Announces Change of Juristic-Person Representative DirectorChina Steel Corporation announced appointment of Shou-Tao Chen, Vice President of Production Division of CSC as juristic-person representative director in place of Yueh-Kun Yang, Representing Gau Ruei Investment Corporation and Vice President of Finance Division of CSC. Name of legal person is Gau Ruei Investment Corporation. Effective date of the new appointment is August 4, 2023.Upcoming Dividend • Jul 19Upcoming dividend of NT$1.00 per share at 3.4% yieldEligible shareholders must have bought the stock before 26 July 2023. Payment date: 25 August 2023. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 3.4%. Lower than top quartile of Taiwanese dividend payers (5.4%). Lower than average of industry peers (3.8%).공시 • Jun 30China Steel Corporation Announces Cash Dividend, Payable on August 25, 2023China Steel Corporation announced cash dividend of TWD 1.0 per share. Payment date of cash dividend distribution on August 25, 2023. Ex-rights (ex-dividend) record date is August 1, 2023.Major Estimate Revision • May 29Consensus EPS estimates fall by 51%, revenue upgradedThe consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast increased from NT$371.6b to NT$391.8b. EPS estimate fell from NT$0.704 to NT$0.346 per share. Net income forecast to grow 117% next year vs 13% growth forecast for Metals and Mining industry in Taiwan. Consensus price target broadly unchanged at NT$28.69. Share price fell 3.2% to NT$29.05 over the past week.Reported Earnings • May 13First quarter 2023 earnings: EPS and revenues miss analyst expectationsFirst quarter 2023 results: NT$0.05 loss per share (down from NT$0.70 profit in 1Q 2022). Revenue: NT$91.3b (down 21% from 1Q 2022). Net loss: NT$725.0m (down 107% from profit in 1Q 2022). Revenue missed analyst estimates by 1.7%. Earnings per share (EPS) were also behind analyst expectations. Revenue is expected to fall by 1.4% p.a. on average during the next 3 years compared to a 2.0% decline forecast for the Metals and Mining industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.Major Estimate Revision • May 08Consensus revenue estimates fall by 10%The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from NT$415.2b to NT$371.6b. EPS estimate fell from NT$0.751 to NT$0.704 per share. Net income forecast to shrink 13% next year vs 4.8% decline forecast for Metals and Mining industry in Taiwan. Consensus price target of NT$28.97 unchanged from last update. Share price was steady at NT$29.30 over the past week.Major Estimate Revision • Apr 27Consensus EPS estimates increase by 13%, revenue downgradedThe consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from NT$417.9b to NT$412.7b. EPS estimate rose from NT$0.741 to NT$0.836. Net income forecast to shrink 9.6% next year vs 2.6% decline forecast for Metals and Mining industry in Taiwan. Consensus price target reaffirmed at NT$28.46. Share price fell 5.1% to NT$28.90 over the past week.Major Estimate Revision • Apr 26Consensus EPS estimates increase by 13%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from NT$0.741 to NT$0.836. Revenue forecast steady at NT$420.0b. Net income forecast to shrink 9.6% next year vs 2.6% decline forecast for Metals and Mining industry in Taiwan. Consensus price target broadly unchanged at NT$28.28. Share price fell 2.3% to NT$29.75 over the past week.Reported Earnings • Mar 01Full year 2022 earnings: EPS and revenues miss analyst expectationsFull year 2022 results: EPS: NT$1.15 (down from NT$4.02 in FY 2021). Revenue: NT$449.6b (down 4.0% from FY 2021). Net income: NT$17.8b (down 71% from FY 2021). Profit margin: 4.0% (down from 13% in FY 2021). The decrease in margin was primarily driven by higher expenses. Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) also missed analyst estimates by 4.7%. Revenue is expected to decline by 5.3% p.a. on average during the next 2 years, while revenues in the Metals and Mining industry in Taiwan are expected to grow by 8.1%. Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.공시 • Feb 01China Steel Corporation Announces Retirement of Pai-Chien Huang as Corporate Governance Officer and Acting SpokespersonChina Steel Corporation announced retirement of Pai-Chien Huang, Vice President of Corporate Planning Division, Corporate Governance Officer and Acting Spokesperson, CSC. Effective date is January 31, 2023.Major Estimate Revision • Dec 06Consensus EPS estimates fall by 22%The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from NT$461.5b to NT$452.2b. EPS estimate also fell from NT$1.53 per share to NT$1.20 per share. Net income forecast to shrink 58% next year vs 10% decline forecast for Metals and Mining industry in Taiwan. Consensus price target broadly unchanged at NT$27.39. Share price was steady at NT$29.00 over the past week.Major Estimate Revision • Nov 23Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast fell from NT$465.6b to NT$446.7b. EPS estimate rose from NT$1.58 to NT$1.97. Net income forecast to shrink 53% next year vs 10% decline forecast for Metals and Mining industry in Taiwan. Consensus price target broadly unchanged at NT$27.24. Share price was steady at NT$29.00 over the past week.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. 10 experienced directors. 1 highly experienced director. 3 independent directors (7 non-independent directors). Independent Director Shyue-Bin Chang was the last independent director to join the board, commencing their role in 2016. 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 • Nov 06Third quarter 2022 earnings: EPS and revenues miss analyst expectationsThird quarter 2022 results: EPS: NT$0.12 (down from NT$1.28 in 3Q 2021). Revenue: NT$105.3b (down 16% from 3Q 2021). Net income: NT$1.94b (down 90% from 3Q 2021). Profit margin: 1.8% (down from 16% in 3Q 2021). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 4.7%. Earnings per share (EPS) also missed analyst estimates by 11%. Revenue is expected to fall by 8.1% p.a. on average during the next 3 years compared to a 4.1% decline forecast for the Metals and Mining industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.Major Estimate Revision • Sep 24Consensus EPS estimates fall by 14%The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from NT$475.9b to NT$467.5b. EPS estimate also fell from NT$2.04 per share to NT$1.75 per share. Net income forecast to shrink 57% next year vs 18% decline forecast for Metals and Mining industry in Taiwan. Consensus price target down from NT$28.31 to NT$27.41. Share price fell 5.1% to NT$27.85 over the past week.Major Estimate Revision • Sep 20Consensus EPS estimates fall by 10%The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from NT$480.5b to NT$463.2b. EPS estimate also fell from NT$1.94 per share to NT$1.74 per share. Net income forecast to shrink 61% next year vs 18% decline forecast for Metals and Mining industry in Taiwan. Consensus price target down from NT$28.56 to NT$27.66. Share price fell 4.0% to NT$28.60 over the past week.Reported Earnings • Aug 07Second quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2022 results: EPS: NT$0.65 (down from NT$1.02 in 2Q 2021). Revenue: NT$133.6b (up 16% from 2Q 2021). Net income: NT$10.1b (down 36% from 2Q 2021). Profit margin: 7.5% (down from 14% in 2Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.5%. Earnings per share (EPS) missed analyst estimates by 3.3%. Over the next year, revenue is forecast to decline by 10% while the industry in Taiwan is not expected to grow. Over the last 3 years on average, earnings per share has increased by 78% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.Price Target Changed • Jul 20Price target decreased to NT$31.38Down from NT$34.63, the current price target is an average from 9 analysts. New target price is approximately in line with last closing price of NT$30.50. Stock is down 13% over the past year. The company is forecast to post earnings per share of NT$2.45 for next year compared to NT$4.02 last year.Upcoming Dividend • Jul 19Upcoming dividend of NT$3.10 per shareEligible shareholders must have bought the stock before 26 July 2022. Payment date: 26 August 2022. Payout ratio is on the higher end at 75%, however this is supported by cash flows. Trailing yield: 10%. Within top quartile of Taiwanese dividend payers (6.8%). Higher than average of industry peers (9.1%).Price Target Changed • Jun 28Price target decreased to NT$35.79Down from NT$38.91, the current price target is an average from 8 analysts. New target price is 23% above last closing price of NT$29.20. Stock is down 23% over the past year. The company is forecast to post earnings per share of NT$2.62 for next year compared to NT$4.02 last year.Price Target Changed • Jun 01Price target decreased to NT$38.91Down from NT$41.91, the current price target is an average from 8 analysts. New target price is 14% above last closing price of NT$34.15. Stock is down 14% over the past year. The company is forecast to post earnings per share of NT$2.86 for next year compared to NT$4.02 last year.Reported Earnings • May 08First quarter 2022 earnings: EPS and revenues miss analyst expectationsFirst quarter 2022 results: EPS: NT$0.70 (up from NT$0.58 in 1Q 2021). Revenue: NT$115.2b (up 18% from 1Q 2021). Net income: NT$10.8b (up 20% from 1Q 2021). Profit margin: 9.3% (up from 9.2% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 5.9%. Earnings per share (EPS) also missed analyst estimates by 100%. Over the next year, revenue is forecast to stay flat compared to a 8.8% growth forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.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 (7 non-independent directors). Independent Director Shyue-Bin Chang was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Major Estimate Revision • Mar 07Consensus EPS estimates fall by 11%The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from NT$453.8b to NT$429.6b. EPS estimate also fell from NT$3.64 per share to NT$3.24 per share. Net income forecast to shrink 15% next year vs 8.3% growth forecast for Metals and Mining industry in Taiwan . Consensus price target broadly unchanged at NT$40.75. Share price rose 2.8% to NT$39.00 over the past week.Major Estimate Revision • Mar 04Consensus revenue estimates fall by 12%The consensus outlook for revenues in 2022 has deteriorated. 2022 revenue forecast decreased from NT$459.3b to NT$405.6b. EPS estimate fell from NT$3.78 to NT$3.59 per share. Net income forecast to grow 9.9% next year vs 8.3% growth forecast for Metals and Mining industry in Taiwan. Consensus price target of NT$40.13 unchanged from last update. Share price rose 6.7% to NT$38.40 over the past week.Reported Earnings • Mar 01Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: NT$4.02 (up from NT$0.054 in FY 2020). Revenue: NT$468.3b (up 49% from FY 2020). Net income: NT$62.1b (up NT$61.2b from FY 2020). Profit margin: 13% (up from 0.3% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Over the next year, revenue is expected to shrink by 20% compared to a 10% growth forecast for the mining industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.Buying Opportunity • Jan 21Now 20% undervaluedOver the last 90 days, the stock is up 1.7%. The fair value is estimated to be NT$42.36, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.5% per annum over the last 3 years. Earnings per share has been flat over the last 3 years.Reported Earnings • Nov 07Third quarter 2021 earnings released: EPS NT$1.28 (vs NT$0.045 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$125.6b (up 64% from 3Q 2020). Net income: NT$19.8b (up NT$20.5b from 3Q 2020). Profit margin: 16% (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 increased by 3% per year but the company’s share price has increased by 11% per year, which means it is tracking significantly ahead of earnings growth.Upcoming Dividend • Aug 24Upcoming dividend of NT$0.30 per shareEligible shareholders must have bought the stock before 31 August 2021. Payment date: 17 September 2021. Trailing yield: 0.8%. Lower than top quartile of Taiwanese dividend payers (5.3%). Lower than average of industry peers (1.6%).Reported Earnings • Aug 09Second quarter 2021 earnings released: EPS NT$1.02 (vs NT$0.091 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$115.4b (up 59% from 2Q 2020). Net income: NT$15.7b (up NT$17.1b from 2Q 2020). Profit margin: 14% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings.Executive Departure • Jun 24Director Wen-Sheng Tseng has left the companyOn the 17th of June, Wen-Sheng Tseng's tenure as Director ended after 3.1 years in the role. We don't have any record of a personal shareholding under Wen-Sheng's name. A total of 3 executives have left over the last 12 months. The current median tenure of the management team is 2.04 years.Executive Departure • Jun 23Director Wen-Sheng Tseng has left the companyOn the 17th of June, Wen-Sheng Tseng's tenure as Director ended after 3.1 years in the role. We don't have any record of a personal shareholding under Wen-Sheng's name. A total of 3 executives have left over the last 12 months. The current median tenure of the management team is 2.04 years.Major Estimate Revision • Jun 09Consensus EPS estimates increase to NT$3.38The consensus outlook for earnings per share (EPS) in 2021 has improved. 2021 revenue forecast increased from NT$435.8b to NT$468.0b. EPS estimate increased from NT$2.85 to NT$3.38 per share. Net income forecast to grow 297% next year vs 82% growth forecast for Metals and Mining industry in Taiwan. Consensus price target of NT$39.46 unchanged from last update. Share price fell 8.6% to NT$36.10 over the past week.Major Estimate Revision • Jun 02Consensus forecasts updatedThe consensus outlook for 2021 has been updated. 2021 EPS estimate increased from NT$2.85 to NT$3.38. Revenue forecast unchanged at NT$433.8b. Net income forecast to grow 297% next year vs 82% growth forecast for Metals and Mining industry in Taiwan. Consensus price target of NT$39.46 unchanged from last update. Share price rose 7.2% to NT$37.35 over the past week.이익 및 매출 성장 예측TWSE:2002 - 애널리스트 향후 추정치 및 과거 재무 데이터 (TWD Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/2028331,055N/AN/A36,104412/31/2027335,7907,29916,76742,029812/31/2026337,3952,2853,25536,84073/31/2026313,147-7,04422,41249,050N/A12/31/2025317,155-4,34917,06649,299N/A9/30/2025328,376-4,07116,94355,782N/A6/30/2025340,477-1,67211,68955,067N/A3/31/2025349,9521,5272,39445,774N/A12/31/2024360,5361,925-54642,286N/A9/30/2024362,3363,907-2,35240,380N/A6/30/2024364,9503,28580941,176N/A3/31/2024365,7342,994-3,44834,775N/A12/31/2023363,3261,6281,04138,690N/A9/30/2023370,309-5,44410,89043,833N/A6/30/2023387,421-2,816-2,59631,323N/A3/31/2023425,7016,234-11,50319,217N/A12/31/2022449,56717,730-7,61524,343N/A9/30/2022483,67040,251-1,13429,002N/A6/30/2022503,90858,03519,29444,919N/A3/31/2022485,71863,64749,16174,518N/A12/31/2021468,32861,90250,19971,304N/A9/30/2021426,45449,58248,71770,821N/A6/30/2021377,52529,17651,58376,228N/A3/31/2021334,68612,10135,13660,639N/A12/31/2020314,78383236,21263,215N/A9/30/2020311,612-4,90127,00255,896N/A6/30/2020325,658-2,0619,45837,788N/A3/31/2020347,9302,9069,75238,526N/A12/31/2019366,2418,756N/A40,254N/A9/30/2019386,02515,331N/A43,572N/A6/30/2019398,06220,413N/A60,709N/A3/31/2019403,50523,400N/A67,791N/A12/31/2018400,66524,401N/A65,104N/A9/30/2018386,69124,608N/A67,859N/A6/30/2018372,87720,933N/A64,464N/A3/31/2018357,41717,756N/A53,907N/A12/31/2017347,01216,852N/A49,471N/A9/30/2017338,93814,198N/A37,869N/A6/30/2017323,61417,310N/A39,224N/A3/31/2017311,08219,207N/A48,090N/A12/31/2016293,05615,985N/A55,181N/A9/30/2016273,87810,869N/A59,717N/A6/30/2016267,9794,938N/A55,580N/A3/31/2016269,2092,507N/A52,103N/A12/31/2015285,0547,551N/A49,275N/A9/30/2015311,72515,818N/A49,436N/A6/30/2015336,30021,688N/A53,969N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: 2002 은 향후 3년 동안 수익을 낼 것으로 예상되며, 이는 절약률(1.3%)보다 빠른 성장으로 간주됩니다.수익 vs 시장: 2002 (는) 향후 3년 동안 평균 시장 성장보다 높은 수익을 올릴 것으로 예상됩니다.고성장 수익: 2002 향후 3년 내에 수익을 낼 것으로 예상됩니다.수익 대 시장: 2002 의 수익(연간 2.1%)이 TW 시장(연간 18.8%)보다 느리게 성장할 것으로 예상됩니다.고성장 매출: 2002 의 수익(연간 2.1%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: 2002의 자본 수익률은 3년 후 2.4%로 낮을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YMaterials 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/22 23:16종가2026/05/22 00:00수익2026/03/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스China Steel Corporation는 22명의 분석가가 다루고 있습니다. 이 중 8명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Ephrem RaviBarclaysBik Yun LauBernsteinDaniel LianBofA Global Research19명의 분석가 더 보기
Price Target Changed • Dec 16Price target decreased by 9.2% to NT$20.28Down from NT$22.32, the current price target is an average from 9 analysts. New target price is 9.3% above last closing price of NT$18.55. Stock is down 7.2% over the past year. The company is forecast to post a net loss per share of NT$0.37 compared to earnings per share of NT$0.13 last year.
Major Estimate Revision • Jul 16Consensus EPS estimates increase by 18%, revenue downgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from NT$355.5b to NT$351.1b. EPS estimate rose from NT$0.363 to NT$0.428. Net income forecast to grow 707% next year vs 118% growth forecast for Metals and Mining industry in Taiwan. Consensus price target broadly unchanged at NT$23.14. Share price was steady at NT$18.80 over the past week.
Major Estimate Revision • Mar 03Consensus EPS estimates increase by 16%, revenue downgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from NT$369.3b to NT$361.0b. EPS estimate rose from NT$0.584 to NT$0.68. Net income forecast to grow 125% next year vs 13% growth forecast for Metals and Mining industry in Taiwan. Consensus price target up from NT$24.13 to NT$25.51. Share price rose 3.4% to NT$24.00 over the past week.
Major Estimate Revision • Jan 21Consensus EPS estimates fall by 11%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from NT$0.212 to NT$0.19 per share. Revenue forecast steady at NT$359.8b. Net income forecast to grow 97% next year vs 0.1% growth forecast for Metals and Mining industry in Taiwan. Consensus price target broadly unchanged at NT$23.58. Share price rose 10% to NT$20.25 over the past week.
Major Estimate Revision • Nov 20Consensus EPS estimates fall by 33%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from NT$365.2b to NT$352.7b. EPS estimate also fell from NT$0.226 per share to NT$0.151 per share. Net income forecast to grow 127% next year vs 2.2% growth forecast for Metals and Mining industry in Taiwan. Consensus price target of NT$23.83 unchanged from last update. Share price was steady at NT$22.30 over the past week.
Major Estimate Revision • Nov 08Consensus EPS estimates fall by 23%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from NT$369.5b to NT$365.2b. EPS estimate also fell from NT$0.292 per share to NT$0.226 per share. Net income forecast to grow 98% next year vs 11% growth forecast for Metals and Mining industry in Taiwan. Consensus price target broadly unchanged at NT$23.83. Share price rose 2.4% to NT$23.25 over the past week.
New Risk • May 11New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 19% 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. This is currently the only risk that has been identified for the company.
Reported Earnings • May 09First quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2026 results: NT$0.16 loss per share (down from NT$0.016 profit in 1Q 2025). Revenue: NT$79.2b (down 4.8% from 1Q 2025). Net loss: NT$2.45b (down NT$2.70b from profit in 1Q 2025). Revenue exceeded analyst estimates by 2.3%. Earnings per share (EPS) missed analyst estimates by 78%. Revenue is forecast to grow 2.9% p.a. on average during the next 3 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 59% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings.
Board Change • Mar 26Less than half of directors are independentThere are 11 new directors who have joined the board in the last 3 years. Of these new board members, 4 were independent directors. The company's board is composed of: 11 new directors. 1 experienced director. No highly experienced directors. 4 independent directors (8 non-independent directors). Chairperson Chien-Chih Hwang is the most experienced director on the board, commencing their role in 2019. Independent Director Shih-Kun Wang was the last independent director to join the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors.
공시 • Mar 02China Steel Corporation, Annual General Meeting, May 22, 2026China Steel Corporation, Annual General Meeting, May 22, 2026, at 09:00 Taipei Standard Time. Location: no,1, chung kang rd., siaogang district, kaohsiung city Taiwan
Price Target Changed • Dec 16Price target decreased by 9.2% to NT$20.28Down from NT$22.32, the current price target is an average from 9 analysts. New target price is 9.3% above last closing price of NT$18.55. Stock is down 7.2% over the past year. The company is forecast to post a net loss per share of NT$0.37 compared to earnings per share of NT$0.13 last year.
Reported Earnings • Nov 13Third quarter 2025 earnings: EPS and revenues miss analyst expectationsThird quarter 2025 results: NT$0.16 loss per share (further deteriorated from NT$0.005 loss in 3Q 2024). Revenue: NT$73.5b (down 14% from 3Q 2024). Net loss: NT$2.48b (loss widened NT$2.40b from 3Q 2024). Revenue missed analyst estimates by 3.1%. Earnings per share (EPS) also missed analyst estimates by 19%. Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Metals and Mining industry in Taiwan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 92 percentage points per year, which is a significant difference in performance.
Reported Earnings • Aug 09Second quarter 2025 earnings: EPS and revenues miss analyst expectationsSecond quarter 2025 results: NT$0.12 loss per share (down from NT$0.085 profit in 2Q 2024). Revenue: NT$85.1b (down 10.0% from 2Q 2024). Net loss: NT$1.90b (down 247% from profit in 2Q 2024). Revenue missed analyst estimates by 3.1%. Earnings per share (EPS) also missed analyst estimates. Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Metals and Mining industry in Taiwan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 103 percentage points per year, which is a significant difference in performance.
Upcoming Dividend • Jul 19Upcoming dividend of NT$0.33 per shareEligible shareholders must have bought the stock before 24 July 2025. Payment date: 27 August 2025. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 1.7%. Lower than top quartile of Taiwanese dividend payers (5.3%). Lower than average of industry peers (3.4%).
Major Estimate Revision • Jul 16Consensus EPS estimates increase by 18%, revenue downgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from NT$355.5b to NT$351.1b. EPS estimate rose from NT$0.363 to NT$0.428. Net income forecast to grow 707% next year vs 118% growth forecast for Metals and Mining industry in Taiwan. Consensus price target broadly unchanged at NT$23.14. Share price was steady at NT$18.80 over the past week.
Declared Dividend • Jul 05Dividend reduced to NT$0.33Dividend of NT$0.33 is 5.7% lower than last year. Ex-date: 24th July 2025 Payment date: 27th August 2025 Dividend yield will be 1.7%, which is lower than the industry average of 3.9%. Sustainability & Growth Dividend is not covered by earnings (332% earnings payout ratio) nor is it covered by cash flows (210% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 269% to bring the payout ratio under control. EPS is expected to grow by 186% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio.
공시 • Jun 20+ 3 more updatesChina Steel Corporation Approves Board ChangesChina Steel Corporation announced at annual general meeting held on June 19, 2025, the shareholders approved election of Jung-Chi Chang, Representing Chiun Yu Investment Corporation. Shih-Kun Wang, Chia-Chi Lu, Wan-Ru Yang and Yu-Chin Liao as Independent Directors of the company. Title and name of the previous position holder: Representative of Hung Kao Investment Corporation: Cheng-I Weng, Representative of Chiun Yu Investment Corporation: Kuan-Fu Chen, Independent Directors: Shyue-Bin Chang, Min-Hsiung Hon and Lan-Feng Kao. Resume of the previous position holder: Cheng-I Weng/Adjunct Chair Professor, Kun Shan University. Kuan-Fu Chen/Vice President, Corporate Planning Division, China Steel Corporation. Shyue-Bin Chang/Member, Scientific Research Industrialization Platform, National Science and Technology Council. Min-Hsiung Hon/Emeritus Professor, Department of Materials Science and Engineering, National Cheng Kung University. Lan-Feng Kao/Professor, Department of Finance, National University of Kaohsiung. Resume of the new position holder: Jung-Chi Chang/General Manager of Legal Department, China Steel Corporation. Shih-Kun Wang/Managing Partner and Certified Public Accountant, Liyi, CPAs. Chia-Chi Lu/Associate Professor, Graduate Institute of Accounting and Department of Finance, National Central University. Wan-Ru Yang /Professor and Chairman, Department of Finance, National University of Kaohsiung. Yu-Chin Liao/Partner, Wen Hui Attorneys at Law. Effective date of the new appointment: June 19, 2025.
Reported Earnings • May 13First quarter 2025 earnings: EPS misses analyst expectationsFirst quarter 2025 results: EPS: NT$0.02 (down from NT$0.041 in 1Q 2024). Revenue: NT$83.2b (down 11% from 1Q 2024). Net income: NT$243.2m (down 61% from 1Q 2024). Profit margin: 0.3% (down from 0.7% in 1Q 2024). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 69%. Revenue is forecast to grow 3.6% p.a. on average during the next 2 years, compared to a 5.6% growth forecast for the Metals and Mining industry in Taiwan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 101 percentage points per year, which is a significant difference in performance.
공시 • Mar 25China Steel Corporation Announces Board ChangesChina Steel Corporation announced the change of juristic-person representative director and change in one-third or more of directors. Title and name of the previous position holder: Representative of Ministry of Economic Affairs: Ching-Chang Lien. Resume of the previous position holder: former Vice Minister, Ministry of Economic Affairs. Title and name of the new position holder: Representative of Ministry of Economic Affairs: Chien-Hsin Lai Resume of the new position holder: Vice Minister, Ministry of Economic Affairs. Circumstances of change: new appointment. Effective date of the new appointment: March 24, 2025. The original term for the position was from June 17, 2022, to June 16, 2025.
Reported Earnings • Mar 05Full year 2024 earnings: EPS misses analyst expectationsFull year 2024 results: EPS: NT$0.13 (up from NT$0.11 in FY 2023). Revenue: NT$360.5b (flat on FY 2023). Net income: NT$1.92b (up 18% from FY 2023). Profit margin: 0.5% (up from 0.4% in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 27%. Revenue is forecast to grow 1.2% p.a. on average during the next 2 years, compared to a 4.6% growth forecast for the Metals and Mining industry in Taiwan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 95 percentage points per year, which is a significant difference in performance.
공시 • Mar 03China Steel Corporation, Annual General Meeting, Jun 19, 2025China Steel Corporation, Annual General Meeting, Jun 19, 2025, at 09:00 Taipei Standard Time. Location: no,1, chung kang rd., siaogang district, kaohsiung city Taiwan
Major Estimate Revision • Mar 03Consensus EPS estimates increase by 16%, revenue downgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from NT$369.3b to NT$361.0b. EPS estimate rose from NT$0.584 to NT$0.68. Net income forecast to grow 125% next year vs 13% growth forecast for Metals and Mining industry in Taiwan. Consensus price target up from NT$24.13 to NT$25.51. Share price rose 3.4% to NT$24.00 over the past week.
공시 • Mar 01China Steel Corporation Proposes Cash Dividends for the Year Ended December 31, 2024China Steel Corporation proposed cash dividends to shareholders of TWD 0.33000000 per share for the year ended December 31, 2024. Total amount of cash distributed to shareholders was TWD 5,143,004,129.
공시 • Feb 20China Steel Corporation to Report Fiscal Year 2024 Results on Feb 27, 2025China Steel Corporation announced that they will report fiscal year 2024 results on Feb 27, 2025
Major Estimate Revision • Jan 21Consensus EPS estimates fall by 11%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from NT$0.212 to NT$0.19 per share. Revenue forecast steady at NT$359.8b. Net income forecast to grow 97% next year vs 0.1% growth forecast for Metals and Mining industry in Taiwan. Consensus price target broadly unchanged at NT$23.58. Share price rose 10% to NT$20.25 over the past week.
공시 • Nov 30China Steel Corporation Announces President Changes on Behalf of Subsidiary DSCChina Steel Corporation announced on behalf of subsidiary DSC for the change of the President. Name of the previous position holder: Shao-Jung Lu4.Resume of the previous position holder: former President of DSC5.Name of the new position holder: Nai-Wen Liang6.Resume of the new position holder: new President of DSC; former Assistant Vice President of Production Division of CSC Reason for the change: job relocation. Effective date of the new appointment: December 1, 2024.
Major Estimate Revision • Nov 20Consensus EPS estimates fall by 33%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from NT$365.2b to NT$352.7b. EPS estimate also fell from NT$0.226 per share to NT$0.151 per share. Net income forecast to grow 127% next year vs 2.2% growth forecast for Metals and Mining industry in Taiwan. Consensus price target of NT$23.83 unchanged from last update. Share price was steady at NT$22.30 over the past week.
Reported Earnings • Nov 09Third quarter 2024 earnings: EPS misses analyst expectationsThird quarter 2024 results: NT$0.01 loss per share (improved from NT$0.046 loss in 3Q 2023). Revenue: NT$85.6b (down 3.0% from 3Q 2023). Net loss: NT$81.4m (loss narrowed 88% from 3Q 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to stay flat during the next 3 years compared to a 3.3% growth forecast for the Metals and Mining industry in Taiwan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 86 percentage points per year, which is a significant difference in performance.
Major Estimate Revision • Nov 08Consensus EPS estimates fall by 23%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from NT$369.5b to NT$365.2b. EPS estimate also fell from NT$0.292 per share to NT$0.226 per share. Net income forecast to grow 98% next year vs 11% growth forecast for Metals and Mining industry in Taiwan. Consensus price target broadly unchanged at NT$23.83. Share price rose 2.4% to NT$23.25 over the past week.
공시 • Nov 01China Steel Corporation to Report Nine Months, 2024 Results on Nov 08, 2024China Steel Corporation announced that they will report nine months, 2024 results on Nov 08, 2024
Major Estimate Revision • Oct 30Consensus 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$375.7b to NT$371.2b. EPS estimate also fell from NT$0.344 per share to NT$0.292 per share. Net income forecast to grow 195% next year vs 9.2% growth forecast for Metals and Mining industry in Taiwan. Consensus price target broadly unchanged at NT$24.26. Share price was steady at NT$22.35 over the past week.
공시 • Sep 12+ 1 more updateChina Steel Corporation Announces Chairperson ChangesChina Steel Corporation announced that Chien-Chih Hwang has replaced Shyi-Chin Wang as chairperson, effective September 10, 2024. Resume of the new position holder: new Chairman of CSC; former Executive Vice President, Spokesperson, Corporate Governance Officer and Chief Information Security Officer of CSC. Reason for the change:The Board of Directors elected the new Chairman.
공시 • Sep 11+ 1 more updateChina Steel Corporation Announces President ChangesChina Steel Corporation announced change of the President. Name and Resume of the previous position holder: Shyi-Chin Wang, former Acting Chairman and President of CSC. Name and Resume of the new position holder: Shou-Tao Chen, new President of CSC; former Vice President of Production Division and Acting Spokesperson of CSC. Effective date of the new appointment is September 10, 2024. Reason for the change is job relocation.
공시 • Sep 07China Steel Corporation Announces the Change of Juristic-Person Representative DirectorChina Steel Corporation announced the change of juristic-person representative director. Title and name of the previous position holder: Representative of Ever Wealthy International Corporation: Chien-Chih Hwang; Resume of the previous position holder: Executive Vice President of CSC. Title and name of the new position holder: Representative of Ever Wealthy International Corporation: Jih-Jau Jeng, Resume of the new position holder: Vice President of Technology Division of CSC; Representative of Chiun Yu Investment Corporation: Kuan-Fu Chen; Resume of the new position holder: Vice President of Corporate Planning Division of CSC. Reason for the change: Change of juristic-person representative director. Effective date of the new appointment: September 10, 2024.
공시 • Sep 06China Steel Corporation Announces Changes to Its BoardChina Steel Corporation announced changes to its board. Title and name of the previous position holder: Shyi-Chin Wang and Ming-Jong Liou. Resume of the previous position holder: Representing Ministry of Economic Affairs, Acting Chairman and President of CSC and Representing Ministry of Economic Affairs, former Director of Critical Infrastructure Committee, Ministry of Economic Affairs. Title and name of the new position holder: Chien-Chih Hwang and Wen-Chung Hu. Resume of the new position holder: Executive Vice President of CSC and Director of Department of State-owned Enterprise Affairs, Ministry of Economic Affairs. Effective date of the new appointment: 10 September 2024.
Major Estimate Revision • Aug 20Consensus EPS estimates fall by 55%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from NT$376.6b to NT$353.7b. EPS estimate also fell from NT$0.437 per share to NT$0.197 per share. Net income forecast to grow 238% next year vs 17% growth forecast for Metals and Mining industry in Taiwan. Consensus price target broadly unchanged at NT$24.91. Share price was steady at NT$22.00 over the past week.
Reported Earnings • Aug 14Second quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behindSecond quarter 2024 results: EPS: NT$0.09 (up from NT$0.065 in 2Q 2023). Revenue: NT$94.6b (flat on 2Q 2023). Net income: NT$1.32b (up 32% from 2Q 2023). Profit margin: 1.4% (up from 1.1% in 2Q 2023). Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) exceeded analyst estimates by 5.9%. Revenue is forecast to grow 1.1% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Metals and Mining industry in Taiwan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 68 percentage points per year, which is a significant difference in performance.
공시 • Aug 06China Steel Corporation to Report First Half, 2024 Results on Aug 13, 2024China Steel Corporation announced that they will report first half, 2024 results on Aug 13, 2024
Upcoming Dividend • Jul 18Upcoming dividend of NT$0.35 per shareEligible shareholders must have bought the stock before 25 July 2024. Payment date: 28 August 2024. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 1.5%. Lower than top quartile of Taiwanese dividend payers (4.2%). Lower than average of industry peers (2.7%).
Declared Dividend • Jul 04Dividend reduced to NT$0.35Dividend of NT$0.35 is 65% lower than last year. Ex-date: 25th July 2024 Payment date: 28th August 2024 Dividend yield will be 1.5%, which is lower than the industry average of 3.9%. Sustainability & Growth Dividend is not covered by earnings (180% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 3.8% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 100% to bring the payout ratio under control. EPS is expected to grow by 276% over the next 3 years, which is sufficient to bring the dividend into a sustainable range.
공시 • Jul 03China Steel Corporation Announces Cash Dividend, Payable on 28 August 2024China Steel Corporation announced cash dividend of TWD 0.35 per share; the total amount is TWD 5,454,701,349. Ex-rights (ex-dividend) trading date: 25 July 2024. Ex-rights (ex-dividend) record date: 1 August 2024. Payment date of common stock cash dividend distribution: 28 August 2024.
New Risk • Jun 13New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 180% The company is paying a dividend despite having no free cash flows. Dividend yield: 4.3% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (13% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Payout ratio: 180% Paying a dividend despite having no free cash flows. Minor Risk Profit margins are more than 30% lower than last year (0.8% net profit margin).
공시 • May 18China Steel Corporation Announces Resignation of Shyi-Chin Wang as Juristic-Person Representative Director, Effective on May 18, 2024China Steel Corporation received official document from Chiun Yu Investment Corporation on May 17, 2024, notifying that Mr. Shyi-Chin Wang will resign from the position as juristic-person representative director effective on May 18, 2024.
Reported Earnings • May 08First quarter 2024 earnings released: EPS: NT$0.04 (vs NT$0.048 loss in 1Q 2023)First quarter 2024 results: EPS: NT$0.04 (up from NT$0.048 loss in 1Q 2023). Revenue: NT$93.8b (up 2.6% from 1Q 2023). Net income: NT$640.6m (up NT$1.38b from 1Q 2023). Profit margin: 0.7% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Metals and Mining industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings.
공시 • May 03China Steel Corporation Announces Change of Juristic-Person Representative Director, Effective May 18, 2024China Steel Corporation announced change of juristic-person representative director. Date of occurrence of the change: May 02, 2024. Name of the previous position holder: Chao-Tung Wong. Resume of the previous position holder: Chairman of CSC. Name of the new position holder: Shyi-Chin Wang. Resume of the new position holder: President of CSC. Reason for the change: retirement and resignation. Resign of juristic-person representative director, effected at May 18, 2024. Effective date of the new appointment is May 18, 2024.
공시 • May 01China Steel Corporation to Report Q1, 2024 Results on May 07, 2024China Steel Corporation announced that they will report Q1, 2024 results on May 07, 2024
Reported Earnings • Mar 05Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2023 results: EPS: NT$0.11 (down from NT$1.15 in FY 2022). Revenue: NT$363.3b (down 19% from FY 2022). Net income: NT$1.63b (down 91% from FY 2022). Profit margin: 0.4% (down from 3.9% in FY 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 3.5%. Earnings per share (EPS) exceeded analyst estimates by 1.9%. Revenue is forecast to grow 4.3% p.a. on average during the next 2 years, compared to a 5.8% growth forecast for the Metals and Mining industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings.
공시 • Mar 01+ 1 more updateChina Steel Corporation, Annual General Meeting, Jun 19, 2024China Steel Corporation, Annual General Meeting, Jun 19, 2024, at 09:00 Taipei Standard Time. Location: No.1 Chung Kang Road, Hsiao Kang District, Kaohsiung, Taiwan, R.O.C. Kaohsiung Taiwan Agenda: To discuss Report on the Operations of 2023; to discuss Report on the Audit Committee's review report of 2023; to discuss Report on compensation for employees and remuneration for directors of 2023; to discuss Report on the issuance of domestic unsecured ordinary corporate bonds in 2023; to discuss Report on the 4th share repurchase and execution; and to discuss other matters.
Reported Earnings • Nov 07Third quarter 2023 earnings: EPS and revenues miss analyst expectationsThird quarter 2023 results: NT$0.046 loss per share (down from NT$0.13 profit in 3Q 2022). Revenue: NT$88.2b (down 16% from 3Q 2022). Net loss: NT$703.4m (down 137% from profit in 3Q 2022). Revenue missed analyst estimates by 4.5%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Metals and Mining industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings.
Reported Earnings • Aug 06Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2023 results: EPS: NT$0.06 (down from NT$0.65 in 2Q 2022). Revenue: NT$95.4b (down 29% from 2Q 2022). Net income: NT$992.6m (down 90% from 2Q 2022). Profit margin: 1.0% (down from 7.5% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) missed analyst estimates by 14%. Revenue is forecast to grow 3.0% p.a. on average during the next 3 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 increased by 22% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.
공시 • Aug 05China Steel Corporation Announces Change of Juristic-Person Representative DirectorChina Steel Corporation announced appointment of Shou-Tao Chen, Vice President of Production Division of CSC as juristic-person representative director in place of Yueh-Kun Yang, Representing Gau Ruei Investment Corporation and Vice President of Finance Division of CSC. Name of legal person is Gau Ruei Investment Corporation. Effective date of the new appointment is August 4, 2023.
Upcoming Dividend • Jul 19Upcoming dividend of NT$1.00 per share at 3.4% yieldEligible shareholders must have bought the stock before 26 July 2023. Payment date: 25 August 2023. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 3.4%. Lower than top quartile of Taiwanese dividend payers (5.4%). Lower than average of industry peers (3.8%).
공시 • Jun 30China Steel Corporation Announces Cash Dividend, Payable on August 25, 2023China Steel Corporation announced cash dividend of TWD 1.0 per share. Payment date of cash dividend distribution on August 25, 2023. Ex-rights (ex-dividend) record date is August 1, 2023.
Major Estimate Revision • May 29Consensus EPS estimates fall by 51%, revenue upgradedThe consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast increased from NT$371.6b to NT$391.8b. EPS estimate fell from NT$0.704 to NT$0.346 per share. Net income forecast to grow 117% next year vs 13% growth forecast for Metals and Mining industry in Taiwan. Consensus price target broadly unchanged at NT$28.69. Share price fell 3.2% to NT$29.05 over the past week.
Reported Earnings • May 13First quarter 2023 earnings: EPS and revenues miss analyst expectationsFirst quarter 2023 results: NT$0.05 loss per share (down from NT$0.70 profit in 1Q 2022). Revenue: NT$91.3b (down 21% from 1Q 2022). Net loss: NT$725.0m (down 107% from profit in 1Q 2022). Revenue missed analyst estimates by 1.7%. Earnings per share (EPS) were also behind analyst expectations. Revenue is expected to fall by 1.4% p.a. on average during the next 3 years compared to a 2.0% decline forecast for the Metals and Mining industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.
Major Estimate Revision • May 08Consensus revenue estimates fall by 10%The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from NT$415.2b to NT$371.6b. EPS estimate fell from NT$0.751 to NT$0.704 per share. Net income forecast to shrink 13% next year vs 4.8% decline forecast for Metals and Mining industry in Taiwan. Consensus price target of NT$28.97 unchanged from last update. Share price was steady at NT$29.30 over the past week.
Major Estimate Revision • Apr 27Consensus EPS estimates increase by 13%, revenue downgradedThe consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from NT$417.9b to NT$412.7b. EPS estimate rose from NT$0.741 to NT$0.836. Net income forecast to shrink 9.6% next year vs 2.6% decline forecast for Metals and Mining industry in Taiwan. Consensus price target reaffirmed at NT$28.46. Share price fell 5.1% to NT$28.90 over the past week.
Major Estimate Revision • Apr 26Consensus EPS estimates increase by 13%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from NT$0.741 to NT$0.836. Revenue forecast steady at NT$420.0b. Net income forecast to shrink 9.6% next year vs 2.6% decline forecast for Metals and Mining industry in Taiwan. Consensus price target broadly unchanged at NT$28.28. Share price fell 2.3% to NT$29.75 over the past week.
Reported Earnings • Mar 01Full year 2022 earnings: EPS and revenues miss analyst expectationsFull year 2022 results: EPS: NT$1.15 (down from NT$4.02 in FY 2021). Revenue: NT$449.6b (down 4.0% from FY 2021). Net income: NT$17.8b (down 71% from FY 2021). Profit margin: 4.0% (down from 13% in FY 2021). The decrease in margin was primarily driven by higher expenses. Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) also missed analyst estimates by 4.7%. Revenue is expected to decline by 5.3% p.a. on average during the next 2 years, while revenues in the Metals and Mining industry in Taiwan are expected to grow by 8.1%. Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.
공시 • Feb 01China Steel Corporation Announces Retirement of Pai-Chien Huang as Corporate Governance Officer and Acting SpokespersonChina Steel Corporation announced retirement of Pai-Chien Huang, Vice President of Corporate Planning Division, Corporate Governance Officer and Acting Spokesperson, CSC. Effective date is January 31, 2023.
Major Estimate Revision • Dec 06Consensus EPS estimates fall by 22%The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from NT$461.5b to NT$452.2b. EPS estimate also fell from NT$1.53 per share to NT$1.20 per share. Net income forecast to shrink 58% next year vs 10% decline forecast for Metals and Mining industry in Taiwan. Consensus price target broadly unchanged at NT$27.39. Share price was steady at NT$29.00 over the past week.
Major Estimate Revision • Nov 23Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast fell from NT$465.6b to NT$446.7b. EPS estimate rose from NT$1.58 to NT$1.97. Net income forecast to shrink 53% next year vs 10% decline forecast for Metals and Mining industry in Taiwan. Consensus price target broadly unchanged at NT$27.24. Share price was steady at NT$29.00 over the past week.
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. 10 experienced directors. 1 highly experienced director. 3 independent directors (7 non-independent directors). Independent Director Shyue-Bin Chang was the last independent director to join the board, commencing their role in 2016. 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 • Nov 06Third quarter 2022 earnings: EPS and revenues miss analyst expectationsThird quarter 2022 results: EPS: NT$0.12 (down from NT$1.28 in 3Q 2021). Revenue: NT$105.3b (down 16% from 3Q 2021). Net income: NT$1.94b (down 90% from 3Q 2021). Profit margin: 1.8% (down from 16% in 3Q 2021). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 4.7%. Earnings per share (EPS) also missed analyst estimates by 11%. Revenue is expected to fall by 8.1% p.a. on average during the next 3 years compared to a 4.1% decline forecast for the Metals and Mining industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.
Major Estimate Revision • Sep 24Consensus EPS estimates fall by 14%The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from NT$475.9b to NT$467.5b. EPS estimate also fell from NT$2.04 per share to NT$1.75 per share. Net income forecast to shrink 57% next year vs 18% decline forecast for Metals and Mining industry in Taiwan. Consensus price target down from NT$28.31 to NT$27.41. Share price fell 5.1% to NT$27.85 over the past week.
Major Estimate Revision • Sep 20Consensus EPS estimates fall by 10%The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from NT$480.5b to NT$463.2b. EPS estimate also fell from NT$1.94 per share to NT$1.74 per share. Net income forecast to shrink 61% next year vs 18% decline forecast for Metals and Mining industry in Taiwan. Consensus price target down from NT$28.56 to NT$27.66. Share price fell 4.0% to NT$28.60 over the past week.
Reported Earnings • Aug 07Second quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2022 results: EPS: NT$0.65 (down from NT$1.02 in 2Q 2021). Revenue: NT$133.6b (up 16% from 2Q 2021). Net income: NT$10.1b (down 36% from 2Q 2021). Profit margin: 7.5% (down from 14% in 2Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.5%. Earnings per share (EPS) missed analyst estimates by 3.3%. Over the next year, revenue is forecast to decline by 10% while the industry in Taiwan is not expected to grow. Over the last 3 years on average, earnings per share has increased by 78% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.
Price Target Changed • Jul 20Price target decreased to NT$31.38Down from NT$34.63, the current price target is an average from 9 analysts. New target price is approximately in line with last closing price of NT$30.50. Stock is down 13% over the past year. The company is forecast to post earnings per share of NT$2.45 for next year compared to NT$4.02 last year.
Upcoming Dividend • Jul 19Upcoming dividend of NT$3.10 per shareEligible shareholders must have bought the stock before 26 July 2022. Payment date: 26 August 2022. Payout ratio is on the higher end at 75%, however this is supported by cash flows. Trailing yield: 10%. Within top quartile of Taiwanese dividend payers (6.8%). Higher than average of industry peers (9.1%).
Price Target Changed • Jun 28Price target decreased to NT$35.79Down from NT$38.91, the current price target is an average from 8 analysts. New target price is 23% above last closing price of NT$29.20. Stock is down 23% over the past year. The company is forecast to post earnings per share of NT$2.62 for next year compared to NT$4.02 last year.
Price Target Changed • Jun 01Price target decreased to NT$38.91Down from NT$41.91, the current price target is an average from 8 analysts. New target price is 14% above last closing price of NT$34.15. Stock is down 14% over the past year. The company is forecast to post earnings per share of NT$2.86 for next year compared to NT$4.02 last year.
Reported Earnings • May 08First quarter 2022 earnings: EPS and revenues miss analyst expectationsFirst quarter 2022 results: EPS: NT$0.70 (up from NT$0.58 in 1Q 2021). Revenue: NT$115.2b (up 18% from 1Q 2021). Net income: NT$10.8b (up 20% from 1Q 2021). Profit margin: 9.3% (up from 9.2% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 5.9%. Earnings per share (EPS) also missed analyst estimates by 100%. Over the next year, revenue is forecast to stay flat compared to a 8.8% growth forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.
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 (7 non-independent directors). Independent Director Shyue-Bin Chang was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Major Estimate Revision • Mar 07Consensus EPS estimates fall by 11%The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from NT$453.8b to NT$429.6b. EPS estimate also fell from NT$3.64 per share to NT$3.24 per share. Net income forecast to shrink 15% next year vs 8.3% growth forecast for Metals and Mining industry in Taiwan . Consensus price target broadly unchanged at NT$40.75. Share price rose 2.8% to NT$39.00 over the past week.
Major Estimate Revision • Mar 04Consensus revenue estimates fall by 12%The consensus outlook for revenues in 2022 has deteriorated. 2022 revenue forecast decreased from NT$459.3b to NT$405.6b. EPS estimate fell from NT$3.78 to NT$3.59 per share. Net income forecast to grow 9.9% next year vs 8.3% growth forecast for Metals and Mining industry in Taiwan. Consensus price target of NT$40.13 unchanged from last update. Share price rose 6.7% to NT$38.40 over the past week.
Reported Earnings • Mar 01Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: NT$4.02 (up from NT$0.054 in FY 2020). Revenue: NT$468.3b (up 49% from FY 2020). Net income: NT$62.1b (up NT$61.2b from FY 2020). Profit margin: 13% (up from 0.3% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Over the next year, revenue is expected to shrink by 20% compared to a 10% growth forecast for the mining industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.
Buying Opportunity • Jan 21Now 20% undervaluedOver the last 90 days, the stock is up 1.7%. The fair value is estimated to be NT$42.36, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.5% per annum over the last 3 years. Earnings per share has been flat over the last 3 years.
Reported Earnings • Nov 07Third quarter 2021 earnings released: EPS NT$1.28 (vs NT$0.045 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$125.6b (up 64% from 3Q 2020). Net income: NT$19.8b (up NT$20.5b from 3Q 2020). Profit margin: 16% (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 increased by 3% per year but the company’s share price has increased by 11% per year, which means it is tracking significantly ahead of earnings growth.
Upcoming Dividend • Aug 24Upcoming dividend of NT$0.30 per shareEligible shareholders must have bought the stock before 31 August 2021. Payment date: 17 September 2021. Trailing yield: 0.8%. Lower than top quartile of Taiwanese dividend payers (5.3%). Lower than average of industry peers (1.6%).
Reported Earnings • Aug 09Second quarter 2021 earnings released: EPS NT$1.02 (vs NT$0.091 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$115.4b (up 59% from 2Q 2020). Net income: NT$15.7b (up NT$17.1b from 2Q 2020). Profit margin: 14% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings.
Executive Departure • Jun 24Director Wen-Sheng Tseng has left the companyOn the 17th of June, Wen-Sheng Tseng's tenure as Director ended after 3.1 years in the role. We don't have any record of a personal shareholding under Wen-Sheng's name. A total of 3 executives have left over the last 12 months. The current median tenure of the management team is 2.04 years.
Executive Departure • Jun 23Director Wen-Sheng Tseng has left the companyOn the 17th of June, Wen-Sheng Tseng's tenure as Director ended after 3.1 years in the role. We don't have any record of a personal shareholding under Wen-Sheng's name. A total of 3 executives have left over the last 12 months. The current median tenure of the management team is 2.04 years.
Major Estimate Revision • Jun 09Consensus EPS estimates increase to NT$3.38The consensus outlook for earnings per share (EPS) in 2021 has improved. 2021 revenue forecast increased from NT$435.8b to NT$468.0b. EPS estimate increased from NT$2.85 to NT$3.38 per share. Net income forecast to grow 297% next year vs 82% growth forecast for Metals and Mining industry in Taiwan. Consensus price target of NT$39.46 unchanged from last update. Share price fell 8.6% to NT$36.10 over the past week.
Major Estimate Revision • Jun 02Consensus forecasts updatedThe consensus outlook for 2021 has been updated. 2021 EPS estimate increased from NT$2.85 to NT$3.38. Revenue forecast unchanged at NT$433.8b. Net income forecast to grow 297% next year vs 82% growth forecast for Metals and Mining industry in Taiwan. Consensus price target of NT$39.46 unchanged from last update. Share price rose 7.2% to NT$37.35 over the past week.