China Steel Corp (2002) fair value: what the stock is really worth
As of Nov 13, 2026: fair value (intrinsic value) of China Steel Corp stock TWD 6.92, price TWD 18.40, that is 62.4% below the price, quality 27 out of 100. Rating: strongly overvalued. Calculated from audited financials with 10 of our 26 valuation models and 37 quality factors, updated daily.
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China Steel Corp
2002 · TWFar too expensive (fair value 62% below the price) and weak company, but rising price: meets 1 of 3 rules.
Main risks:
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 12, 2026.
How to read this chart
60‑month range 17.65 TWD – 34.85 TWD · fair‑value band 1.45 TWD – 14.33 TWD · the 18.40 TWD price screens above the 6.92 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 12, 2026.
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Company profile
China Steel Corporation manufactures and sells steel products in Taiwan, Vietnam, Malaysia, China, India, and internationally.
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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 applications in general and machine structures, cold and 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 pipes, 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 comprising painting, electroplating, and the application of adhesive surfaces.
In addition, it offers mechanical, communications, and electrical engineering services; generates solar and offshore wind power; general investment; raw materials shipping and management, and ship chartering; business management and management consulting; on-site and systematic security; technical; firefighting and mechatronic engineering; software design and digital information supply; and ERP systems automation control systems services.
Further, the company engages in the wholesale of computer software; production and sale of aluminum and non-ferrous metal products, as well as industrial magnetic, chemical, and iron oxides; development and lease of real estate; buying, selling, and acting as an agency for steel products; and manufacturing and trading of electronic ceramics, and aeronautical or marine life saving products.
China Steel Corporation was incorporated in 1971 and is headquartered in Kaohsiung, Taiwan.
Stock analysis
China Steel Corp (2002) currently trades at 18.40 TWD, while our model-based Fair Value estimate is 6.92 TWD, 62% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of 12.82 TWD per share, and 0 of the 10 models we run sit above the 18.40 TWD price.
Bear case: the Multiples group reads lowest at 1.74 TWD, and 10 of the 10 models stay below the price. Data coverage for this calculation is low.
Scenario range: 1.45 TWD (bear) to 14.33 TWD (bull), the price of 18.40 TWD sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 27/100 (below-average quality), in the Basic Materials sector.
Mixed Growth: Spin-off in 2014: revenue and profit before it include the divested business. Growth is measured afresh from 2014.
China Steel Corp reported revenue of 317B TWD in FY2025 versus 468B TWD in FY2021, a compound −9.3%/yr. Reported net income was −4.3B TWD in FY2025.
Key figures
Market cap 391B TWD (≈ $11.9B) Large · P/S ratio 0.87 · EPS (TTM) −0.2100 TWD · Dividend yield 0.8% · Net margin 0.2% · Return on equity 1.0% · Return on assets (EBIT) 3.3% (5-year average) · Operating margin 1.5%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 24 out of 100 (low confidence).
What moves the price
The share trades about 13% below its 52-week high and 4% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −37% fair-value upside, at −62%, 2002 screens richer than that median.
Fair Value models
All 10 models by family
The fair value above starts from this blend and is adjusted for a cyclical trough year.
Quality Score breakdown
It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.
Revenue & earnings trend
Growth Forecast
2002 screens overvalued: fair value 62% below the price. Compare with Nucor Corporation →
Recent news
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Compare China Steel Corp with another stock
Price, fair value, quality and upside side by side.
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Steel · 418 stocks
Valuation Multiplesvs Steel median · lower = cheaper
Strength profile in five axes (Snowflake)
VALUE 0: the price sits above our fair-value range.
Context: sector, industry, market
- Is the Materials sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- P/S ratio by industry
- EBIT margin by industry
- PEG screener for stocks with fair value
- Undervalued stocks: Taiwanese Stocks
- Valuation of the Taiwan market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Steel stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value | Compare |
|---|---|---|---|---|
| Baoshan Iron & Steel Co 600019 | ¥6.18 | ¥8.07 | +31% | vs 2002 |
| POSCO Holdings 005490 | 275,000 KRW | 240,001 KRW | −13% | vs 2002 |
| Tata Steel Limited TATASTEEL | ₹186.68 | ₹148.08 | −21% | vs 2002 |
| JSW Steel Limited JSWSTEEL | ₹1,348 | ₹1,029 | −24% | vs 2002 |
| ArcelorMittal S.A MT | €57.02 | €36.15 | −37% | vs 2002 |
| Reliance, Inc RS | $427.33 | $211.54 | −51% | vs 2002 |
| Nucor Corporation NUE | $251.73 | $116.49 | −54% | vs 2002 |
| Jindal Steel Limited JINDALSTEL | ₹1,158 | ₹516.03 | −55% | vs 2002 |
| Steel Dynamics, Inc STLD | $229.43 | $89.54 | −61% | vs 2002 |
| Inner Mongolia Baotou Steel Union Co 600010 | ¥1.97 | ¥0.5400 | −73% | vs 2002 |
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Frequently asked questions
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Key figures of China Steel Corp
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