Chung Hung Steel Future Growth

Future criteria checks 3/6

Chung Hung Steel is forecast to grow earnings and revenue by 90.8% and 8.3% per annum respectively. EPS is expected to grow by 90.7% per annum. Return on equity is forecast to be 16% in 3 years.

Key information

90.8%

Earnings growth rate

90.7%

EPS growth rate

Metals and Mining earnings growth	50.4%
Revenue growth rate	8.3%
Future return on equity	16.0%
Analyst coverage	Low
Last updated	20 Mar 2024

Recent future growth updates

Recent updates

Chung Hung Steel's (TPE:2014) Solid Earnings Have Been Accounted For Conservatively

Mar 02

A Look At The Intrinsic Value Of Chung Hung Steel Corporation (TPE:2014)

Feb 26

Is Chung Hung Steel's (TPE:2014) 138% Share Price Increase Well Justified?

Feb 07

We Think Chung Hung Steel (TPE:2014) Has A Fair Chunk Of Debt

Jan 03

Earnings and Revenue Growth Forecasts

TWSE:2014 - Analysts future estimates and past financials data (TWD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2025	45,195	2,687	2,481	2,483	2
12/31/2024	39,293	1,294	2,022	864	4
12/31/2023	37,764	159	1,368	1,761	N/A
9/30/2023	36,842	-974	2,805	3,148	N/A
6/30/2023	35,321	-1,991	-280	-39	N/A
3/31/2023	41,617	-1,097	169	442	N/A
12/31/2022	44,503	-990	-295	28	N/A
9/30/2022	50,201	962	-3,836	-3,488	N/A
6/30/2022	57,957	3,551	-1,231	-887	N/A
3/31/2022	55,324	5,152	257	635	N/A
12/31/2021	53,744	6,350	1,670	2,024	N/A
9/30/2021	49,460	6,212	4,939	5,271	N/A
6/30/2021	43,069	4,998	7,473	7,824	N/A
3/31/2021	37,522	2,354	6,538	6,948	N/A
12/31/2020	36,790	528	4,344	4,742	N/A
9/30/2020	34,480	-649	2,165	2,650	N/A
6/30/2020	34,820	-836	529	1,057	N/A
3/31/2020	38,585	-192	701	1,121	N/A
12/31/2019	40,470	11	2,005	2,513	N/A
9/30/2019	45,042	990	1,791	2,281	N/A
6/30/2019	48,446	1,819	809	1,325	N/A
3/31/2019	49,096	2,383	-129	366	N/A
12/31/2018	48,239	3,033	292	705	N/A
9/30/2018	47,337	3,623	2,057	2,486	N/A
6/30/2018	44,698	3,171	3,974	4,338	N/A
3/31/2018	41,890	2,640	3,927	4,349	N/A
12/31/2017	40,792	2,606	2,347	2,901	N/A
9/30/2017	39,284	1,856	N/A	3,044	N/A
6/30/2017	36,987	2,182	N/A	1,716	N/A
3/31/2017	35,762	2,606	N/A	3,776	N/A
12/31/2016	33,440	1,913	N/A	4,540	N/A
9/30/2016	30,975	948	N/A	3,900	N/A
6/30/2016	30,563	692	N/A	4,179	N/A
3/31/2016	29,964	243	N/A	4,982	N/A
12/31/2015	29,992	-1,162	N/A	2,318	N/A
9/30/2015	31,140	-623	N/A	1,608	N/A
6/30/2015	33,040	-1,071	N/A	1,007	N/A
3/31/2015	34,878	-1,344	N/A	-1,117	N/A
12/31/2014	37,133	215	N/A	369	N/A
9/30/2014	37,487	549	N/A	1,594	N/A
6/30/2014	37,854	240	N/A	2,479	N/A
3/31/2014	36,738	-110	N/A	166	N/A
12/31/2013	38,855	139	N/A	3,880	N/A
9/30/2013	41,049	-606	N/A	2,259	N/A
6/30/2013	40,318	-2,421	N/A	-38	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 2014's forecast earnings growth (90.8% per year) is above the savings rate (1%).

Earnings vs Market: 2014's earnings (90.8% per year) are forecast to grow faster than the TW market (19.7% per year).

High Growth Earnings: 2014's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 2014's revenue (8.3% per year) is forecast to grow slower than the TW market (10.5% per year).

High Growth Revenue: 2014's revenue (8.3% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: 2014's Return on Equity is forecast to be low in 3 years time (16%).

Chung Hung Steel Future Growth

Future criteria checks 3/6

Key information

Recent future growth updates

Price target increased by 13% to NT$23.83

Consensus forecasts updated

Price target decreased to NT$18.27

Consensus forecasts updated

Consensus forecasts updated

Price target decreased to NT$30.83

Recent updates

Chung Hung Steel Corporation to Report Q1, 2024 Results on May 02, 2024

Now 20% undervalued after recent price drop

Calculating The Intrinsic Value Of Chung Hung Steel Corporation (TWSE:2014)

New minor risk - Earnings quality

Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behind

Chung Hung Steel Corporation Announces Cash Dividends for the Year Ended December 31, 2023

Now 21% overvalued after recent price rise

Third quarter 2023 earnings: EPS misses analyst expectations

Second quarter 2023 earnings: EPS misses analyst expectations

Upcoming dividend of NT$0.35 per share at 1.5% yield

Chung Hung Steel Corporation Approves Cash Dividend, Payable on August 25, 2023

Chung Hung Steel Corporation Approves Cash Dividend for 2022

First quarter 2023 earnings: EPS and revenues exceed analyst expectations

Full year 2022 earnings: EPS misses analyst expectations

Price target increased by 13% to NT$23.83

Investor sentiment improved over the past week

Consensus forecasts updated

Now 21% undervalued after recent price drop

Price target decreased to NT$18.27

Third quarter 2022 earnings: EPS and revenues miss analyst expectations

Chung Hung Steel Corporation to Report Q3, 2022 Results on Nov 03, 2022

Consensus forecasts updated

Chung Hung Steel Corporation Announces Change of the Chief Information Security Officer

Chung Hung Steel Corporation Announces Board Changes

Consensus forecasts updated

Price target decreased to NT$30.83

Consensus EPS estimates fall by 56%

Second quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Investor sentiment deteriorated over the past week

Consensus EPS estimates fall by 20%

Upcoming dividend of NT$2.80 per share

Price target decreased to NT$36.08

Now 21% undervalued after recent price drop

First quarter 2022 earnings: EPS misses analyst expectations

Less than half of directors are independent

Price target increased to NT$52.00

Full year 2021 earnings: EPS misses analyst expectations

Chung Hung Steel Corporation Announces Cash Distribution for the Year Ended December 31, 2021

Now 21% undervalued

Investor sentiment improved over the past week

Third quarter 2021 earnings released: EPS NT$1.02 (vs NT$0.17 in 3Q 2020)

Price target increased to NT$57.25

Upcoming dividend of NT$0.30 per share

Second quarter 2021 earnings released: EPS NT$1.59 (vs NT$0.25 loss in 2Q 2020)

Investor sentiment improved over the past week

Investor sentiment improved over the past week

First quarter 2021 earnings released: EPS NT$1.18 (vs NT$0.087 loss in 1Q 2020)

Does Chung Hung Steel (TPE:2014) Have A Healthy Balance Sheet?

Investor sentiment improved over the past week

Consensus EPS estimates increase to NT$2.43

Investor sentiment improved over the past week

What We Make Of Chung Hung Steel's (TPE:2014) Returns On Capital

New 90-day high: NT$18.60

Chung Hung Steel's (TPE:2014) Solid Earnings Have Been Accounted For Conservatively

A Look At The Intrinsic Value Of Chung Hung Steel Corporation (TPE:2014)

Chung Hung Steel Corporation, Annual General Meeting, Jun 24, 2021

Revenue and earnings beat expectations

Is Chung Hung Steel's (TPE:2014) 138% Share Price Increase Well Justified?

President & Representative Director Kung-Ching Wu has left the company

New 90-day high: NT$16.50

We Think Chung Hung Steel (TPE:2014) Has A Fair Chunk Of Debt

Price target raised to NT$12.15

New 90-day high: NT$12.85

Third quarter 2020 earnings released: EPS NT$0.17

Revenue and earnings miss expectations

Price target raised to NT$10.40

New 90-day high - NT$8.88

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts