Executive Summary
Ta Chen Stainless Pipe Co., Ltd. produces and sells stainless steel and aluminum products. More Details
Rewards
Risk Analysis
Snowflake Analysis
High growth potential with mediocre balance sheet.
Similar Companies
Share Price & News
How has Ta Chen Stainless Pipe's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 2027 is more volatile than 75% of TW stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: 2027's weekly volatility (7%) has been stable over the past year, but is still higher than 75% of TW stocks.
Market Performance
7 Day Return
22.8%
2027
9.6%
TW Metals and Mining
1.9%
TW Market
1 Year Return
54.6%
2027
57.2%
TW Metals and Mining
66.4%
TW Market
Return vs Industry: 2027 exceeded the TW Metals and Mining industry which returned 53.4% over the past year.
Return vs Market: 2027 underperformed the TW Market which returned 66.6% over the past year.
Shareholder returns
| 2027 | Industry | Market | |
|---|---|---|---|
| 7 Day | 22.8% | 9.6% | 1.9% |
| 30 Day | 25.8% | 11.4% | 4.8% |
| 90 Day | 24.8% | 12.6% | 9.9% |
| 1 Year | 60.8%54.6% | 61.6%57.2% | 72.2%66.4% |
| 3 Year | 47.5%30.3% | 38.7%25.5% | 71.1%51.6% |
| 5 Year | 225.5%171.6% | 71.0%45.9% | 132.3%91.0% |
Long-Term Price Volatility Vs. Market
How volatile is Ta Chen Stainless Pipe's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall St
Are Investors Undervaluing Ta Chen Stainless Pipe Co., Ltd. (TPE:2027) By 41%?1 month ago | Simply Wall St
Is Ta Chen Stainless Pipe (TPE:2027) A Risky Investment?2 months ago | Simply Wall St
Has Ta Chen Stainless Pipe (TPE:2027) Got What It Takes To Become A Multi-Bagger?Valuation
Is Ta Chen Stainless Pipe undervalued compared to its fair value and its price relative to the market?
2.14x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: 2027 (NT$38.5) is trading below our estimate of fair value (NT$62.64)
Significantly Below Fair Value: 2027 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 2027 is unprofitable, so we can't compare its PE Ratio to the TW Metals and Mining industry average.
PE vs Market: 2027 is unprofitable, so we can't compare its PE Ratio to the TW market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate 2027's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 2027 is overvalued based on its PB Ratio (2.2x) compared to the TW Metals and Mining industry average (1.4x).
Future Growth
How is Ta Chen Stainless Pipe forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
94.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 2027 is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (0.8%).
Earnings vs Market: 2027 is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: 2027's is expected to become profitable in the next 3 years.
Revenue vs Market: 2027's revenue (23.6% per year) is forecast to grow faster than the TW market (10.7% per year).
High Growth Revenue: 2027's revenue (23.6% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 2027's Return on Equity is forecast to be low in 3 years time (15.2%).
Past Performance
How has Ta Chen Stainless Pipe performed over the past 5 years?
13.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 2027 is currently unprofitable.
Growing Profit Margin: 2027 is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: 2027 is unprofitable, but has reduced losses over the past 5 years at a rate of 13% per year.
Accelerating Growth: Unable to compare 2027's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: 2027 is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (45.8%).
Return on Equity
High ROE: 2027 has a negative Return on Equity (-0.27%), as it is currently unprofitable.
Financial Health
How is Ta Chen Stainless Pipe's financial position?
Financial Position Analysis
Short Term Liabilities: 2027's short term assets (NT$66.7B) exceed its short term liabilities (NT$22.9B).
Long Term Liabilities: 2027's short term assets (NT$66.7B) exceed its long term liabilities (NT$38.2B).
Debt to Equity History and Analysis
Debt Level: 2027's debt to equity ratio (128.8%) is considered high.
Reducing Debt: 2027's debt to equity ratio has reduced from 186.7% to 128.8% over the past 5 years.
Debt Coverage: 2027's debt is not well covered by operating cash flow (8.6%).
Interest Coverage: 2027 is unprofitable, therefore interest payments are not well covered by earnings.
Balance Sheet
Dividend
What is Ta Chen Stainless Pipe current dividend yield, its reliability and sustainability?
2.08%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 2027's dividend (2.08%) is higher than the bottom 25% of dividend payers in the TW market (2%).
High Dividend: 2027's dividend (2.08%) is low compared to the top 25% of dividend payers in the TW market (4.82%).
Stability and Growth of Payments
Stable Dividend: 2027's dividend payments have been volatile in the past 10 years.
Growing Dividend: 2027's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: 2027 is paying a dividend but the company is unprofitable.
Future Payout to Shareholders
Future Dividend Coverage: 2027's dividends in 3 years are forecast to be covered by earnings (50.1% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
20.3yrs
Average management tenure
CEO
Rung-Kun Shieh
31.25yrs
Tenure
NT$11,186,083
Compensation
Mr. Rung-Kun Shieh has been Chief Executive Officer of Ta Chen Stainless Pipe Co., Ltd. since January 17, 1990. He serves as Director/CEO of Brighton-Best International (Taiwan) Inc., Director of Ta Chen (...
CEO Compensation Analysis
Compensation vs Market: Rung-Kun's total compensation ($USD393.27K) is about average for companies of similar size in the TW market ($USD347.33K).
Compensation vs Earnings: Rung-Kun's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: 2027's management team is seasoned and experienced (20.3 years average tenure).
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 been diluted in the past year, with total shares outstanding growing by 32.9%.
Top Shareholders
Company Information
Ta Chen Stainless Pipe Co., Ltd.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Ta Chen Stainless Pipe Co., Ltd.
- Ticker: 2027
- Exchange: TSEC
- Founded: 1986
- Industry: Steel
- Sector: Materials
- Market Cap: NT$60.889b
- Shares outstanding: 1.58b
- Website: https://www.tachen.com.tw
Location
- Ta Chen Stainless Pipe Co., Ltd.
- No. 125, Xin Tian 2nd Street
- Rende District
- Tainan City
- 71752
- Taiwan
Listings
Biography
Ta Chen Stainless Pipe Co., Ltd. produces and sells stainless steel and aluminum products. It operates in Stainless Steel and Aluminum, and Screws and Nuts segments. It offers stainless steel pipes, rolls,...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/04/11 08:33 |
| End of Day Share Price | 2021/04/09 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
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.