Kao Hsing Chang Iron & Steel Valuation

Q: What is the Fair Price of 2008 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

2008 (NT$31.45) is trading above our estimate of [[fair value]] (NT$6.01)

Is 2008 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

Below Fair Value
Significantly Below Fair Value
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 2008 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 2008 (NT$31.45) is trading above our estimate of fair value (NT$6.01)

Significantly Below Fair Value: 2008 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 2008?

Key metric: As 2008 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 2008. This is calculated by dividing 2008's market cap by their current earnings.
What is 2008's PE Ratio?
PE Ratio	93x
Earnings	NT$64.51m
Market Cap	NT$6.00b

2008 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	6x
Enterprise Value/EBITDA	50.1x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

How does 2008's PE Ratio compare to its peers?

The above table shows the PE ratio for 2008 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	24.9x
2030 Froch Enterprise	28.9x	n/a	NT$5.0b
2029 Sheng Yu Steel	14x	n/a	NT$8.1b
2028 Wei Chih Steel Industrial	18.9x	n/a	NT$7.4b
2017 Quintain Steel	37.9x	n/a	NT$5.0b
2008 Kao Hsing Chang Iron & Steel	93x	n/a	NT$6.0b

Price-To-Earnings vs Peers: 2008 is expensive based on its Price-To-Earnings Ratio (93x) compared to the peer average (24.9x).

Price to Earnings Ratio vs Industry

How does 2008's PE Ratio compare vs other companies in the TW Metals and Mining Industry?

0 Companies	Price / Earnings	Estimated Growth	Market Cap

No more companies available in this PE range

0 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: 2008 is expensive based on its Price-To-Earnings Ratio (93x) compared to the TW Metals and Mining industry average (18.8x).

Price to Earnings Ratio vs Fair Ratio

What is 2008'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.

2008 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	93x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 2008's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

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