TSEC:2069

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Yuen Chang Stainless Steel

Executive Summary

Yuen Chang Stainless Steel Co., Ltd. processes, manufactures, and supplies stainless steel products in Taiwan and internationally.


Snowflake Analysis

Imperfect balance sheet and overvalued.

Share Price & News

How has Yuen Chang Stainless Steel's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 2069's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-8.6%

2069

0.7%

TW Metals and Mining

1.3%

TW Market


1 Year Return

-36.3%

2069

-16.5%

TW Metals and Mining

6.4%

TW Market

Return vs Industry: 2069 underperformed the TW Metals and Mining industry which returned -17.6% over the past year.

Return vs Market: 2069 underperformed the TW Market which returned 5.3% over the past year.


Shareholder returns

2069IndustryMarket
7 Day-8.6%0.7%1.3%
30 Day-2.0%4.6%6.6%
90 Day-9.1%-9.5%-3.7%
1 Year-29.2%-36.3%-13.0%-16.5%11.3%6.4%
3 Year-27.4%-42.5%-2.4%-12.5%22.2%7.9%
5 Yearn/a4.4%-12.0%39.0%13.7%

Price Volatility Vs. Market

How volatile is Yuen Chang Stainless Steel's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Yuen Chang Stainless Steel undervalued compared to its fair value and its price relative to the market?

0.72x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: 2069 (NT$14.9) is trading above our estimate of fair value (NT$6.59)

Significantly Below Fair Value: 2069 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 2069 is unprofitable, so we can't compare its PE Ratio to the Metals and Mining industry average.

PE vs Market: 2069 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 2069's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 2069 is good value based on its PB Ratio (0.7x) compared to the TW Metals and Mining industry average (1x).


Next Steps

Future Growth

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

85.8%

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 Yuen Chang Stainless Steel 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

Past Performance

How has Yuen Chang Stainless Steel performed over the past 5 years?

23.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 2069 is currently unprofitable.

Growing Profit Margin: 2069 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 2069 is unprofitable, but has reduced losses over the past 5 years at a rate of 23.2% per year.

Accelerating Growth: Unable to compare 2069's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 2069 is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (-44.1%).


Return on Equity

High ROE: 2069 has a negative Return on Equity (-2.77%), as it is currently unprofitable.


Next Steps

Financial Health

How is Yuen Chang Stainless Steel's financial position?


Financial Position Analysis

Short Term Liabilities: 2069's short term assets (NT$3.4B) exceed its short term liabilities (NT$3.2B).

Long Term Liabilities: 2069's short term assets (NT$3.4B) exceed its long term liabilities (NT$1.7B).


Debt to Equity History and Analysis

Debt Level: 2069's debt to equity ratio (138.2%) is considered high.

Reducing Debt: 2069's debt to equity ratio has increased from 124.5% to 138.2% over the past 5 years.

Debt Coverage: 2069's debt is not well covered by operating cash flow (7.1%).

Interest Coverage: 2069 is unprofitable, therefore interest payments are not well covered by earnings.


Balance Sheet


Next Steps

Dividend

What is Yuen Chang Stainless Steel's current dividend yield, its reliability and sustainability?

3.36%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 2069's dividend (3.36%) is higher than the bottom 25% of dividend payers in the TW market (2.55%).

High Dividend: 2069's dividend (3.36%) is low compared to the top 25% of dividend payers in the TW market (5.77%).


Stability and Growth of Payments

Stable Dividend: 2069 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: 2069 has only been paying a dividend for 4 years, and since then payments have fallen.


Current Payout to Shareholders

Dividend Coverage: 2069 is paying a dividend but the company is unprofitable.


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

Yuen Chang Stainless 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

Yuen Chang Stainless Steel Co., Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Yuen Chang Stainless Steel Co., Ltd.
  • Ticker: 2069
  • Exchange: TSEC
  • Founded: 1987
  • Industry: Steel
  • Sector: Materials
  • Market Cap: NT$2.330b
  • Shares outstanding: 156.39m
  • Website: https://www.yuenchang.com.tw

Location

  • Yuen Chang Stainless Steel Co., Ltd.
  • No. 235, Jungjeng 4th Road
  • 13th Floor
  • Kaohsiung
  • Taiwan

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
2069GTSM (Taipei Exchange)YesCommon SharesTWTWDFeb 2015
2069TSEC (Taiwan Stock Exchange)YesCommon SharesTWTWDFeb 2015

Biography

Yuen Chang Stainless Steel Co., Ltd. processes, manufactures, and supplies stainless steel products in Taiwan and internationally. The company offers stainless steel coils, sheets, plates, and strips. Its products are used in information technology, medical instruments, computer and peripherals, auto parts, home appliances, etc. The company was founded in 1987 and is headquartered in Kaohsiung, Taiwan. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/05/26 20:21
End of Day Share Price2020/05/26 00:00
Earnings2020/03/31
Annual Earnings2019/12/31


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.