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Hai Kwang Enterprise CorporationTWSE:2038 Stock Report

Market Cap NT$2.7b
Share Price
NT$13.85
NT$33.17
58.3% undervalued intrinsic discount
1Y-2.9%
7D1.5%
1D
Portfolio Value
View

Hai Kwang Enterprise Corporation

TWSE:2038 Stock Report

Market Cap: NT$2.7b

Hai Kwang Enterprise (2038) Stock Overview

Engages in the manufacturing, processing, and sales of billets and reinforcing steel bars in Taiwan. More details

2038 fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance0/6
Financial Health3/6
Dividends0/6

2038 Community Fair Values

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Hai Kwang Enterprise Corporation Competitors

Price History & Performance

Summary of share price highs, lows and changes for Hai Kwang Enterprise
Historical stock prices
Current Share PriceNT$13.85
52 Week HighNT$17.90
52 Week LowNT$13.00
Beta0.68
1 Month Change4.92%
3 Month Change-10.65%
1 Year Change-2.91%
3 Year Change-27.29%
5 Year Change-74.86%
Change since IPO-29.84%

Recent News & Updates

Recent updates

Analysis Article Mar 23

Why Hai Kwang Enterprise's (TWSE:2038) Shaky Earnings Are Just The Beginning Of Its Problems

A lackluster earnings announcement from Hai Kwang Enterprise Corporation ( TWSE:2038 ) last week didn't sink the stock...
Analysis Article Feb 13

After Leaping 27% Hai Kwang Enterprise Corporation (TWSE:2038) Shares Are Not Flying Under The Radar

Hai Kwang Enterprise Corporation ( TWSE:2038 ) shares have had a really impressive month, gaining 27% after a shaky...
Analysis Article Jan 16

Hai Kwang Enterprise (TWSE:2038) Seems To Be Using A Lot Of Debt

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Analysis Article Oct 01

Returns Are Gaining Momentum At Hai Kwang Enterprise (TWSE:2038)

If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
Analysis Article Aug 09

Hai Kwang Enterprise (TWSE:2038) Takes On Some Risk With Its Use Of Debt

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Analysis Article Apr 21

How Does Hai Kwang Enterprise Corporation (TPE:2038) Fare As A Dividend Stock?

Is Hai Kwang Enterprise Corporation ( TPE:2038 ) a good dividend stock? How can we tell? Dividend paying companies with...
Analysis Article Mar 31

Does Hai Kwang Enterprise (TPE:2038) Have A Healthy Balance Sheet?

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Analysis Article Feb 28

Will The ROCE Trend At Hai Kwang Enterprise (TPE:2038) Continue?

If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
Analysis Article Jan 24

Is Hai Kwang Enterprise's (TPE:2038) Share Price Gain Of 220% Well Earned?

Hai Kwang Enterprise Corporation ( TPE:2038 ) shareholders might be concerned after seeing the share price drop 24% in...
Analysis Article Dec 20

Hai Kwang Enterprise (TPE:2038) Seems To Be Using A Lot Of Debt

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...

Shareholder Returns

2038TW Metals and MiningTW Market
7D1.5%3.7%5.3%
1Y-2.9%18.2%109.6%

Return vs Industry: 2038 underperformed the TW Metals and Mining industry which returned 18.2% over the past year.

Return vs Market: 2038 underperformed the TW Market which returned 109.6% over the past year.

Price Volatility

Is 2038's price volatile compared to industry and market?
2038 volatility
2038 Average Weekly Movement4.7%
Metals and Mining Industry Average Movement4.4%
Market Average Movement6.4%
10% most volatile stocks in TW Market12.1%
10% least volatile stocks in TW Market2.6%

Stable Share Price: 2038 has not had significant price volatility in the past 3 months compared to the TW market.

Volatility Over Time: 2038's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1958n/aCan Ming Huangwww.haikwang.com.tw

Hai Kwang Enterprise Corporation engages in the manufacturing, processing, and sales of billets and reinforcing steel bars in Taiwan. The company provides bamboo rebar for building structures, tunnel engineering, and bridges applications. It is also involved in real estate rental and leasing business.

Hai Kwang Enterprise Corporation Fundamentals Summary

How do Hai Kwang Enterprise's earnings and revenue compare to its market cap?
2038 fundamental statistics
Market capNT$2.69b
Earnings (TTM)-NT$150.01m
Revenue (TTM)NT$8.34b
0.3x
P/S Ratio
-17.9x
P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
2038 income statement (TTM)
RevenueNT$8.34b
Cost of RevenueNT$8.28b
Gross ProfitNT$60.16m
Other ExpensesNT$210.17m
Earnings-NT$150.01m

Last Reported Earnings

Mar 31, 2026

Next Earnings Date

n/a

Earnings per share (EPS)-0.77
Gross Margin0.72%
Net Profit Margin-1.80%
Debt/Equity Ratio97.3%

How did 2038 perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/21 07:33
End of Day Share Price 2026/06/18 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Hai Kwang Enterprise Corporation is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.