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A002

TCC Steel KOSE:A002710 Stock Report

Last Price

₩13.90k

Market Cap

₩322.4b

7D

-2.1%

1Y

81.7%

Updated

09 Aug, 2022

Data

Company Financials +
A002710 fundamental analysis
Snowflake Score
Valuation3/6
Future Growth3/6
Past Performance5/6
Financial Health4/6
Dividends2/6

A002710 Stock Overview

TCC Steel Corp. produces and sells steel products in South Korea.

TCC Steel Competitors

Price History & Performance

Summary of all time highs, changes and price drops for TCC Steel
Historical stock prices
Current Share Price₩13,900.00
52 Week High₩15,050.00
52 Week Low₩6,360.00
Beta1.15
1 Month Change13.93%
3 Month Change20.35%
1 Year Change81.70%
3 Year Change485.76%
5 Year Change555.21%
Change since IPO645.68%

Recent News & Updates

Shareholder Returns

A002710KR Metals and MiningKR Market
7D-2.1%4.2%2.3%
1Y81.7%-19.9%-22.6%

Return vs Industry: A002710 exceeded the KR Metals and Mining industry which returned -19.9% over the past year.

Return vs Market: A002710 exceeded the KR Market which returned -22.6% over the past year.

Price Volatility

Is A002710's price volatile compared to industry and market?
A002710 volatility
A002710 Average Weekly Movement8.1%
Metals and Mining Industry Average Movement6.4%
Market Average Movement6.5%
10% most volatile stocks in KR Market11.1%
10% least volatile stocks in KR Market3.9%

Stable Share Price: A002710 is more volatile than 75% of KR stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: A002710's weekly volatility (8%) has been stable over the past year, but is still higher than 75% of KR stocks.

About the Company

FoundedEmployeesCEOWebsite
1959269n/ahttps://www.tccsteel.com

TCC Steel Corp. produces and sells steel products in South Korea. The company’s products include tinplate, tin free, nickel-plated, copper-plated, super tin, and laminated steel used in various applications. It exports its products in approximately 60 countries.

TCC Steel Fundamentals Summary

How do TCC Steel's earnings and revenue compare to its market cap?
A002710 fundamental statistics
Market Cap₩322.39b
Earnings (TTM)₩32.23b
Revenue (TTM)₩556.56b

10.0x

P/E Ratio

0.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
A002710 income statement (TTM)
Revenue₩556.56b
Cost of Revenue₩498.85b
Gross Profit₩57.71b
Other Expenses₩25.48b
Earnings₩32.23b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)1.39k
Gross Margin10.37%
Net Profit Margin5.79%
Debt/Equity Ratio85.7%

How did A002710 perform over the long term?

See historical performance and comparison

Dividends

1.1%

Current Dividend Yield

11%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is A002710 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for A002710?

Other financial metrics that can be useful for relative valuation.

A002710 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.8x
Enterprise Value/EBITDA10.8x
PEG Ratio0.6x

Price to Earnings Ratio vs Peers

How does A002710's PE Ratio compare to its peers?

A002710 PE Ratio vs Peers
The above table shows the PE ratio for A002710 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average6.8x
A104700 KISCO
2.7xn/a₩296.3b
A139990 AJUSTEELLtd
11xn/a₩312.1b
A004890 Dongil IndustriesLtd
8.4xn/a₩391.0b
A058650 SeAH Holdings
5.1xn/a₩403.8b
A002710 TCC Steel
10x17.3%₩322.4b

Price-To-Earnings vs Peers: A002710 is expensive based on its Price-To-Earnings Ratio (10x) compared to the peer average (6.8x).


Price to Earnings Ratio vs Industry

How does A002710's PE Ratio compare vs other companies in the KR Metals and Mining Industry?

Price-To-Earnings vs Industry: A002710 is expensive based on its Price-To-Earnings Ratio (10x) compared to the KR Metals and Mining industry average (5.5x)


Price to Earnings Ratio vs Fair Ratio

What is A002710's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

A002710 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio10x
Fair PE Ratio13.1x

Price-To-Earnings vs Fair Ratio: A002710 is good value based on its Price-To-Earnings Ratio (10x) compared to the estimated Fair Price-To-Earnings Ratio (13.1x).


Share Price vs Fair Value

What is the Fair Price of A002710 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: A002710 (₩13900) is trading below our estimate of fair value (₩23320.94)

Significantly Below Fair Value: A002710 is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

How is TCC Steel forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

Future Growth Score

3/6

Future Growth Score 3/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


17.3%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: A002710's forecast earnings growth (17.3% per year) is above the savings rate (3.6%).

Earnings vs Market: A002710's earnings (17.3% per year) are forecast to grow faster than the KR market (16.2% per year).

High Growth Earnings: A002710's earnings are forecast to grow, but not significantly.

Revenue vs Market: A002710's revenue (19% per year) is forecast to grow faster than the KR market (9.7% per year).

High Growth Revenue: A002710's revenue (19% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if A002710's Return on Equity is forecast to be high in 3 years time


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Past Performance

How has TCC Steel performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


24.0%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: A002710 has a high level of non-cash earnings.

Growing Profit Margin: A002710's current net profit margins (5.8%) are higher than last year (0.6%).


Past Earnings Growth Analysis

Earnings Trend: A002710's earnings have grown significantly by 24% per year over the past 5 years.

Accelerating Growth: A002710's earnings growth over the past year (1164.1%) exceeds its 5-year average (24% per year).

Earnings vs Industry: A002710 earnings growth over the past year (1164.1%) exceeded the Metals and Mining industry 228.3%.


Return on Equity

High ROE: A002710's Return on Equity (20.4%) is considered high.


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Financial Health

How is TCC Steel's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: A002710's short term assets (₩229.3B) exceed its short term liabilities (₩167.9B).

Long Term Liabilities: A002710's short term assets (₩229.3B) exceed its long term liabilities (₩75.5B).


Debt to Equity History and Analysis

Debt Level: A002710's net debt to equity ratio (67.5%) is considered high.

Reducing Debt: A002710's debt to equity ratio has reduced from 125% to 85.7% over the past 5 years.

Debt Coverage: A002710's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: A002710's interest payments on its debt are well covered by EBIT (7.1x coverage).


Balance Sheet


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Dividend

What is TCC Steel current dividend yield, its reliability and sustainability?

Dividend Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


1.08%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: A002710's dividend (1.08%) is higher than the bottom 25% of dividend payers in the KR market (0.94%).

High Dividend: A002710's dividend (1.08%) is low compared to the top 25% of dividend payers in the KR market (3%).


Stability and Growth of Payments

Stable Dividend: A002710 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: A002710's dividend payments have increased, but the company has only paid a dividend for 9 years.


Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (10.8%), A002710's dividend payments are thoroughly covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: A002710 is paying a dividend but the company has no free cash flows.


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Management

How experienced are the management team and are they aligned to shareholders interests?


CEO

TCC Steel has no CEO, or we have no data on them.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

TCC Steel Corp.'s employee growth, exchange listings and data sources


Key Information

  • Name: TCC Steel Corp.
  • Ticker: A002710
  • Exchange: KOSE
  • Founded: 1959
  • Industry: Steel
  • Sector: Materials
  • Implied Market Cap: ₩322.394b
  • Shares outstanding: 23.19m
  • Website: https://www.tccsteel.com

Number of Employees


Location

  • TCC Steel Corp.
  • Dongyang Tower
  • 543, Gukhoe-daero
  • Seoul
  • 150-722
  • South Korea

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/09 00:00
End of Day Share Price2022/08/09 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.