Executive Summary
Chun Yuan Steel Industry Co., Ltd. provides metal solutions primarily in Taiwan.
Snowflake Analysis
Fair value with mediocre balance sheet.
Share Price & News
How has Chun Yuan Steel Industry's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 2010 has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-1.0%
2010
-0.05%
TW Metals and Mining
-1.0%
TW Market
1 Year Return
-4.3%
2010
-9.6%
TW Metals and Mining
12.4%
TW Market
Return vs Industry: 2010 exceeded the TW Metals and Mining industry which returned -9.6% over the past year.
Return vs Market: 2010 underperformed the TW Market which returned 12.4% over the past year.
Shareholder returns
| 2010 | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.0% | -0.05% | -1.0% |
| 30 Day | -2.0% | -3.0% | -3.5% |
| 90 Day | -2.0% | -0.4% | 1.2% |
| 1 Year | 0.9%-4.3% | -5.9%-9.6% | 17.4%12.4% |
| 3 Year | -4.7%-18.7% | 3.2%-7.4% | 33.1%17.9% |
| 5 Year | 11.0%-13.8% | 14.6%-3.5% | 47.1%20.8% |
Price Volatility Vs. Market
How volatile is Chun Yuan Steel Industry's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall St
Are Dividend Investors Getting More Than They Bargained For With Chun Yuan Steel Industry Co., Ltd.'s (TPE:2010) Dividend?2 months ago | Simply Wall St
Chun Yuan Steel Industry (TPE:2010) Takes On Some Risk With Its Use Of DebtValuation
Is Chun Yuan Steel Industry undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 2010 (NT$10) is trading below our estimate of fair value (NT$32.27)
Significantly Below Fair Value: 2010 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 2010 is poor value based on its PE Ratio (39.1x) compared to the Metals and Mining industry average (16.8x).
PE vs Market: 2010 is poor value based on its PE Ratio (39.1x) compared to the TW market (16.4x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate 2010's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 2010 is good value based on its PB Ratio (0.6x) compared to the TW Metals and Mining industry average (1x).
Next Steps
Future Growth
How is Chun Yuan Steel Industry forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
16.7%
Forecasted Materials industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Chun Yuan Steel Industry has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
Next Steps
- Examine whether Chun Yuan Steel Industry is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- Explore growth companies in the Materials industry.
Past Performance
How has Chun Yuan Steel Industry performed over the past 5 years?
-17.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 2010 has high quality earnings.
Growing Profit Margin: 2010's current net profit margins (1%) are lower than last year (2%).
Past Earnings Growth Analysis
Earnings Trend: 2010's earnings have declined by -17.5% per year over the past 5 years.
Accelerating Growth: 2010's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 2010 had negative earnings growth (-55.1%) over the past year, making it difficult to compare to the Metals and Mining industry average (-24.4%).
Return on Equity
High ROE: 2010's Return on Equity (1.5%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Chun Yuan Steel Industry's financial position?
Financial Position Analysis
Short Term Liabilities: 2010's short term assets (NT$11.5B) exceed its short term liabilities (NT$6.2B).
Long Term Liabilities: 2010's short term assets (NT$11.5B) exceed its long term liabilities (NT$985.1M).
Debt to Equity History and Analysis
Debt Level: 2010's debt to equity ratio (42.5%) is considered high.
Reducing Debt: 2010's debt to equity ratio has increased from 38.7% to 42.5% over the past 5 years.
Debt Coverage: 2010's debt is not well covered by operating cash flow (12.1%).
Interest Coverage: 2010's interest payments on its debt are well covered by EBIT (4.7x coverage).
Balance Sheet
Inventory Level: 2010 has a high level of physical assets or inventory.
Debt Coverage by Assets: 2010's debt is covered by short term assets (assets are 2.6x debt).
Next Steps
Dividend
What is Chun Yuan Steel Industry's current dividend yield, its reliability and sustainability?
5.60%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 2010's dividend (5.6%) is higher than the bottom 25% of dividend payers in the TW market (2.62%).
High Dividend: 2010's dividend (5.6%) is low compared to the top 25% of dividend payers in the TW market (5.99%).
Stability and Growth of Payments
Stable Dividend: 2010's dividend payments have been volatile in the past 10 years.
Growing Dividend: 2010's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (218.7%), 2010's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
CEO
Chun Yuan Steel Industry 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
Chun Yuan Steel Industry Co., Ltd.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Chun Yuan Steel Industry Co., Ltd.
- Ticker: 2010
- Exchange: TSEC
- Founded: 1965
- Industry: Steel
- Sector: Materials
- Market Cap: NT$6.477b
- Shares outstanding: 647.66m
- Website: https://www.cysco.com.tw
Location
- Chun Yuan Steel Industry Co., Ltd.
- No. 502, Fu-Hsing North Road
- 6th and 7th Floors
- Taipei City
- Taiwan
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 2010 | TSEC (Taiwan Stock Exchange) | Yes | Common Stock | TW | TWD | Jan 1992 |
Biography
Chun Yuan Steel Industry Co., Ltd. provides metal solutions primarily in Taiwan. It operates through seven divisions: Commercials Steel, Commercials Steel Regional, Electrical Steel, Special Steel, Special Steel Strip, Automated Storage System, and Construction. The company offers hot and cold rolled steel sheets and bar coils; enamel and coated steel sheets and bar coils; aluminum and alloy-aluminum sheets and coils; magnetic steel sheets comprising motor core EI sheets and magnetic steel coils; special steel materials, such as plate/bar/round/square/angled steel; cold rolled carbon bar steel coils; and copper products, including brass and phosphor bronze. It also provides steel base and reinforced plates; machinery products; steel structures; and H-beam steel and cellular H-beam steel products for welded structures. In addition, the company offers storage equipment, including logistics equipment, 3-D automated storage systems, and shelves for heavy materials; castings, such as container angles; and stamping parts comprising autos and electric appliances parts. Further, it provides civil and construction engineering services for factory buildings, multi-storey buildings, and bridges. Chun Yuan Steel Industry Co., Ltd. was founded in 1965 and is headquartered in Taipei City, Taiwan.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/24 14:35 |
| End of Day Share Price | 2020/02/24 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
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.