Snowflake Score | |
---|---|
Valuation | 3/6 |
Future Growth | 0/6 |
Past Performance | 5/6 |
Financial Health | 5/6 |
Dividends | 4/6 |
2002 Stock Overview
China Steel Corporation manufactures and sells steel products in Taiwan, Vietnam, Malaysia, China, India, and internationally.
China Steel Competitors
Price History & Performance
Historical stock prices | |
---|---|
Current Share Price | NT$29.15 |
52 Week High | NT$40.35 |
52 Week Low | NT$27.30 |
Beta | 0.73 |
1 Month Change | 0.69% |
3 Month Change | -11.67% |
1 Year Change | -22.58% |
3 Year Change | 26.46% |
5 Year Change | 18.26% |
Change since IPO | 71.38% |
Recent News & Updates
Shareholder Returns
2002 | TW Metals and Mining | TW Market | |
---|---|---|---|
7D | 4.3% | 5.0% | 2.7% |
1Y | -22.6% | -25.2% | -8.2% |
Return vs Industry: 2002 exceeded the TW Metals and Mining industry which returned -27.7% over the past year.
Return vs Market: 2002 underperformed the TW Market which returned -9.8% over the past year.
Price Volatility
2002 volatility | |
---|---|
2002 Average Weekly Movement | 4.8% |
Metals and Mining Industry Average Movement | 5.8% |
Market Average Movement | 5.0% |
10% most volatile stocks in TW Market | 8.4% |
10% least volatile stocks in TW Market | 2.5% |
Stable Share Price: 2002 is not significantly more volatile than the rest of TW stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: 2002's weekly volatility (5%) has been stable over the past year.
About the Company
Founded | Employees | CEO | Website |
---|---|---|---|
1971 | n/a | Shyi-Chin Wang | https://www.csc.com.tw |
China Steel Corporation manufactures and sells steel products in Taiwan, Vietnam, Malaysia, China, India, and internationally. It offers steel plates primarily for use in construction structures, shipbuilding, bridge beams, oil country tabular goods, machine structures, pressure vessels, and in climate/corrosion-resistant steel plates; steel bars and wire rods for use in general and machine structures, cold forging, hot forging, hard drawn steel wires, and welding electrodes; and hot-rolled coils and sheets that are used in automobile chassis, bridge beams, construction, road guardrails, steel pipe, pressure vessels, and landscaping. The company also provides cold-rolled coils for use in automobile stamping parts and home electronics products; parts requiring high-level forming, such as automobile and scooter components; a variety of PSE and structural reinforcement parts; and products requiring surface coating treatment, such as painting, electroplating, and the application of adhesive surfaces.
China Steel Fundamentals Summary
2002 fundamental statistics | |
---|---|
Market Cap | NT$449.34b |
Earnings (TTM) | NT$58.02b |
Revenue (TTM) | NT$503.91b |
7.7x
P/E Ratio0.9x
P/S RatioIs 2002 overvalued?
See Fair Value and valuation analysisEarnings & Revenue
2002 income statement (TTM) | |
---|---|
Revenue | NT$503.91b |
Cost of Revenue | NT$413.50b |
Gross Profit | NT$90.41b |
Other Expenses | NT$32.39b |
Earnings | NT$58.02b |
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
n/a
Earnings per share (EPS) | 3.76 |
Gross Margin | 17.94% |
Net Profit Margin | 11.51% |
Debt/Equity Ratio | 53.6% |
How did 2002 perform over the long term?
See historical performance and comparisonDividends
10.6%
Current Dividend Yield82%
Payout RatioValuation
Is 2002 undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
3/6Valuation 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 2002?
Other financial metrics that can be useful for relative valuation.
What is 2002's n/a Ratio? | |
---|---|
n/a Ratio | 0x |
n/a | n/a |
Market Cap | NT$449.34b |
Key Statistics | |
---|---|
Enterprise Value/Revenue | 1.3x |
Enterprise Value/EBITDA | 6x |
PEG Ratio | -0.4x |
Price to Earnings Ratio vs Peers
How does 2002's PE Ratio compare to its peers?
2002 PE Ratio vs Peers |
---|
Company | PE | Estimated Growth | Market Cap |
---|---|---|---|
Peer Average | 8.1x | ||
2027 Ta Chen Stainless Pipe | 4.6x | -5.7% | NT$71.3b |
2014 Chung Hung Steel | 11.2x | -8.3% | NT$39.6b |
2006 Tung Ho Steel Enterprise | 7.2x | -13.5% | NT$39.9b |
2015 Feng Hsin Steel | 9.7x | -29.4% | NT$39.8b |
2002 China Steel | 7.7x | -20.4% | NT$449.3b |
Price-To-Earnings vs Peers: 2002 is good value based on its Price-To-Earnings Ratio (7.7x) compared to the peer average (8.1x).
Price to Earnings Ratio vs Industry
How does 2002's PE Ratio compare vs other companies in the TW Metals and Mining Industry?
Price-To-Earnings vs Industry: 2002 is good value based on its Price-To-Earnings Ratio (7.7x) compared to the TW Metals and Mining industry average (8.5x)
Price to Earnings Ratio vs Fair Ratio
What is 2002'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.
Fair Ratio | |
---|---|
Current PE Ratio | 7.7x |
Fair PE Ratio | 9.4x |
Price-To-Earnings vs Fair Ratio: 2002 is good value based on its Price-To-Earnings Ratio (7.7x) compared to the estimated Fair Price-To-Earnings Ratio (9.4x).
Share Price vs Fair Value
What is the Fair Price of 2002 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: 2002 (NT$29.15) is trading above our estimate of fair value (NT$22.73)
Significantly Below Fair Value: 2002 is trading above our estimate of fair value.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Target price is lower than the current share price.
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Future Growth
How is China Steel forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
Future Growth Score
0/6Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
-20.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 2002's earnings are forecast to decline over the next 3 years (-20.4% per year).
Earnings vs Market: 2002's earnings are forecast to decline over the next 3 years (-20.4% per year).
High Growth Earnings: 2002's earnings are forecast to decline over the next 3 years.
Revenue vs Market: 2002's revenue is expected to decline over the next 3 years (-8.2% per year).
High Growth Revenue: 2002's revenue is forecast to decline over the next 3 years (-8.2% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 2002's Return on Equity is forecast to be low in 3 years time (8.7%).
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Past Performance
How has China Steel performed over the past 5 years?
Past Performance Score
5/6Past Performance Score 5/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
26.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 2002 has high quality earnings.
Growing Profit Margin: 2002's current net profit margins (11.5%) are higher than last year (7.7%).
Past Earnings Growth Analysis
Earnings Trend: 2002's earnings have grown significantly by 26.4% per year over the past 5 years.
Accelerating Growth: 2002's earnings growth over the past year (98.6%) exceeds its 5-year average (26.4% per year).
Earnings vs Industry: 2002 earnings growth over the past year (98.6%) exceeded the Metals and Mining industry 70.4%.
Return on Equity
High ROE: 2002's Return on Equity (17.4%) is considered low.
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Financial Health
How is China Steel's financial position?
Financial Health Score
5/6Financial Health Score 5/6
Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage
Financial Position Analysis
Short Term Liabilities: 2002's short term assets (NT$243.8B) exceed its short term liabilities (NT$224.2B).
Long Term Liabilities: 2002's short term assets (NT$243.8B) exceed its long term liabilities (NT$138.1B).
Debt to Equity History and Analysis
Debt Level: 2002's net debt to equity ratio (41.2%) is considered high.
Reducing Debt: 2002's debt to equity ratio has reduced from 86.3% to 53.6% over the past 5 years.
Debt Coverage: 2002's debt is well covered by operating cash flow (23.3%).
Interest Coverage: 2002 earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
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Dividend
What is China Steel current dividend yield, its reliability and sustainability?
Dividend Score
4/6Dividend Score 4/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Cash Flow Coverage
10.63%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 2002's dividend (10.63%) is higher than the bottom 25% of dividend payers in the TW market (2.49%).
High Dividend: 2002's dividend (10.63%) is in the top 25% of dividend payers in the TW market (6.52%)
Stability and Growth of Payments
Stable Dividend: 2002's dividend payments have been volatile in the past 10 years.
Growing Dividend: 2002's dividend payments have increased over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: At its current payout ratio (82.4%), 2002's payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (247.7%), 2002's dividend payments are not well covered by cash flows.
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Management
How experienced are the management team and are they aligned to shareholders interests?
3.8yrs
Average management tenure
CEO
Shyi-Chin Wang (64 yo)
no data
Tenure
Mr. Shyi-Chin Wang serves as President of China Steel Corporation since August 05, 2022. He serves as the Director at China Ecotek Corporation. He was President of China Steel Corporation since September 3...
Leadership Team
Experienced Management: 2002's management team is considered experienced (3.8 years average tenure).
Board Members
Experienced Board: 2002's board of directors are considered experienced (5.4 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 not been meaningfully diluted in the past year.
Top Shareholders
Company Information
China Steel Corporation's employee growth, exchange listings and data sources
Key Information
- Name: China Steel Corporation
- Ticker: 2002
- Exchange: TWSE
- Founded: 1971
- Industry: Steel
- Sector: Materials
- Implied Market Cap: NT$449.339b
- Shares outstanding: 15.41b
- Website: https://www.csc.com.tw
Number of Employees
Location
- China Steel Corporation
- 1 Chung-Kang Road
- Siaogang District
- Kaohsiung
- 81233
- Taiwan
Listings
Company Analysis and Financial Data Status
Data | Last Updated (UTC time) |
---|---|
Company Analysis | 2022/08/15 00:00 |
End of Day Share Price | 2022/08/15 00:00 |
Earnings | 2022/06/30 |
Annual Earnings | 2021/12/31 |
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.