Tung Ho Steel Enterprise Corporation produces and sells steel products in Taiwan, China, Vietnam, the United States, Asia, and internationally. More Details
Flawless balance sheet with solid track record and pays a dividend.
Share Price & News
How has Tung Ho Steel Enterprise's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 2006 is not significantly more volatile than the rest of TW stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: 2006's weekly volatility (6%) has been stable over the past year.
7 Day Return
TW Metals and Mining
1 Year Return
TW Metals and Mining
Return vs Industry: 2006 exceeded the TW Metals and Mining industry which returned 108.1% over the past year.
Return vs Market: 2006 exceeded the TW Market which returned 68.2% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Tung Ho Steel Enterprise's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall StDoes Tung Ho Steel Enterprise (TPE:2006) Have A Healthy Balance Sheet?
3 weeks ago | Simply Wall StOne Analyst's Earnings Estimates For Tung Ho Steel Enterprise Corporation (TPE:2006) Are Surging Higher
1 month ago | Simply Wall StShould You Be Adding Tung Ho Steel Enterprise (TPE:2006) To Your Watchlist Today?
Is Tung Ho Steel Enterprise undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 2006 (NT$58.9) is trading below our estimate of fair value (NT$185.46)
Significantly Below Fair Value: 2006 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 2006 is good value based on its PE Ratio (16.7x) compared to the TW Metals and Mining industry average (33.6x).
PE vs Market: 2006 is good value based on its PE Ratio (16.7x) compared to the TW market (21x).
Price to Earnings Growth Ratio
PEG Ratio: 2006 is poor value based on its PEG Ratio (1.5x)
Price to Book Ratio
PB vs Industry: 2006 is overvalued based on its PB Ratio (2.3x) compared to the TW Metals and Mining industry average (1.8x).
How is Tung Ho Steel Enterprise forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 2006's forecast earnings growth (11.1% per year) is above the savings rate (0.8%).
Earnings vs Market: 2006's earnings (11.1% per year) are forecast to grow slower than the TW market (16.3% per year).
High Growth Earnings: 2006's earnings are forecast to grow, but not significantly.
Revenue vs Market: 2006's revenue (14.4% per year) is forecast to grow faster than the TW market (9.8% per year).
High Growth Revenue: 2006's revenue (14.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 2006's Return on Equity is forecast to be low in 3 years time (14%).
How has Tung Ho Steel Enterprise performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 2006 has high quality earnings.
Growing Profit Margin: 2006's current net profit margins (8.3%) are higher than last year (3.5%).
Past Earnings Growth Analysis
Earnings Trend: 2006's earnings have grown by 11.3% per year over the past 5 years.
Accelerating Growth: 2006's earnings growth over the past year (127.2%) exceeds its 5-year average (11.3% per year).
Earnings vs Industry: 2006 earnings growth over the past year (127.2%) exceeded the Metals and Mining industry 45.8%.
Return on Equity
High ROE: 2006's Return on Equity (12.8%) is considered low.
How is Tung Ho Steel Enterprise's financial position?
Financial Position Analysis
Short Term Liabilities: 2006's short term assets (NT$21.2B) exceed its short term liabilities (NT$13.8B).
Long Term Liabilities: 2006's short term assets (NT$21.2B) exceed its long term liabilities (NT$2.9B).
Debt to Equity History and Analysis
Debt Level: 2006's debt to equity ratio (32.8%) is considered satisfactory.
Reducing Debt: 2006's debt to equity ratio has reduced from 36.2% to 32.8% over the past 5 years.
Debt Coverage: 2006's debt is well covered by operating cash flow (102.6%).
Interest Coverage: 2006's interest payments on its debt are well covered by EBIT (27.2x coverage).
What is Tung Ho Steel Enterprise current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 2006's dividend (2.55%) is higher than the bottom 25% of dividend payers in the TW market (1.91%).
High Dividend: 2006's dividend (2.55%) is low compared to the top 25% of dividend payers in the TW market (4.71%).
Stability and Growth of Payments
Stable Dividend: 2006's dividend payments have been volatile in the past 10 years.
Growing Dividend: 2006's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (42.6%), 2006's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 2006's dividends in 3 years are forecast to be covered by earnings (80% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. Chieh-Teng Ho, also known as Henry, has been President and General Manager of Tung Ho Steel Enterprise Corp. since October 16, 2009 and serves as its Chairman. Mr. Ho served as Executive Vice President...
CEO Compensation Analysis
Compensation vs Market: Henry's total compensation ($USD730.14K) is above average for companies of similar size in the TW market ($USD374.24K).
Compensation vs Earnings: Henry's compensation has increased by more than 20% in the past year.
Experienced Management: 2006's management team is considered experienced (4.4 years average tenure).
Experienced Board: 2006's board of directors are seasoned and experienced ( 12.8 years average tenure).
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.
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 5.4%.
Tung Ho Steel Enterprise Corporation's company bio, employee growth, exchange listings and data sources
- Name: Tung Ho Steel Enterprise Corporation
- Ticker: 2006
- Exchange: TSEC
- Founded: 1946
- Industry: Steel
- Sector: Materials
- Market Cap: NT$61.726b
- Shares outstanding: 1.06b
- Website: https://www.tunghosteel.com
- Tung Ho Steel Enterprise Corporation
- No. 9 Chang'an East Road
- 6th Floor
Tung Ho Steel Enterprise Corporation produces and sells steel products in Taiwan, China, Vietnam, the United States, Asia, and internationally. It offers rebar, such as screw rebar, deformed steel rebar, c...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/04/21 08:44|
|End of Day Share Price||2021/04/21 00:00|
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.