Kao Hsiung Chang Iron & Steel Corp (2008) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Kao Hsiung Chang Iron & Steel Corp TWD 8.84, price TWD 30.50, upside -71.0%, quality 54 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Kao Hsing Chang Iron & Steel Corp. engages in the manufacturing, processing, and sales of various steel pipes and hot-rolled steel coils in Taiwan, the United States, and Japan. It also engages in the manufacturing of metal building structures and components; and leasing and parking lot management businesses.
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Kao Hsing Chang Iron & Steel Corp. engages in the manufacturing, processing, and sales of various steel pipes and hot-rolled steel coils in Taiwan, the United States, and Japan. It also engages in the manufacturing of metal building structures and components; and leasing and parking lot management businesses. The company was founded in 1966 and is headquartered in Kaohsiung, Taiwan.
Stock analysis
Kao Hsiung Chang Iron & Steel Corp (2008) currently trades at 30.50 TWD, while our model-based Fair Value estimate is 8.84 TWD, implying the stock looks roughly 245.1% overvalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of 13.13 TWD per share, and 0 of the 15 models we run sit above the 30.50 TWD price.
Bear case: the Earnings-Based group reads lowest at 5.66 TWD, and 15 of the 15 models stay below the price. Evidence for this calculation is low.
Scenario range: 8.69 TWD (bear) to 9.73 TWD (bull), the price of 30.50 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 54/100 (solid quality), in the Basic Materials sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Kao Hsiung Chang Iron & Steel Corp reported revenue of 1.8B TWD in FY2025 versus 1.6B TWD in FY2021, a compound +4.1%/yr. Reported net income was 130M TWD in FY2025, compounding +32.6%/yr from FY2021.
Key figures
Market cap 5.8B TWD (≈ $183M) · P/E ratio 44.9 · P/S ratio 3.21 · EPS (TTM) 0.6800 TWD · Dividend yield 3.3% · Net margin 7.1% · Return on equity 4.0% · Return on assets (EBIT) 1.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (low confidence).
What moves the price
The share trades about 3% below its 52-week high and 14% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −45% fair-value upside, at −71%, 2008 screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely (0.1400 TWD to 13.13 TWD). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear 8.69 TWDFair Value 8.84 TWDBull 9.73 TWD
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+24.7%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−6.4%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+13.6%
Start year 2020 (pandemic). Over 10 years: +3.8% a year
Revenue growth 23 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−6.3%
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What shareholders gained per year (last 5 years), in TWD ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in TWD: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+29.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year+26.6%
Dividend (yield on the price)3.3%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.27% vs 0%, picking up
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.1% → 9%
Start year 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+35.9%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Taiwan: IMF forecast 1.6% a year to 2030, 1.5% from 2016 to 2025) that is about +33.8% a year for the price.
Compare Kao Hsiung Chang Iron & Steel Corp with another stock
Price, fair value, quality and upside side by side.
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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 · 411 stocks
Beats the industry median on 5/14 measures
Overall it trails its industry peers.
Valuation
Quality Score54 · Above median
Fair Value upside−71% · Bottom 25%
Profitability
Return on equity (TTM)4% · Above median
Return on assets1% · Below median
Net margin (TTM)8% · Top 25%
Operating margin (TTM)10% · Top 25%
Growth and dividend
Revenue growth−24% · Bottom 25%
Dividend yield (TTM)3.3% · Above median
Balance sheet
Debt / equity0.64× · Highest 25%
Valuation Multiplesvs Steel median · lower = cheaper
P/E (TTM)44.9× · Priciest 25%
P/B1.56× · Pricier than median
P/S (TTM)3.40× · Priciest 25%
P/FCF1.3× · Pricier than median
EV/EBITDA36.1× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 21
FUTURE (revenue growth)0· sector 4
PAST (return on equity)16· sector 15
HEALTH (low debt)68· sector 95
DIVIDEND (yield)66· sector 51
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Kao Hsiung Chang Iron & Steel Corp Fair Value". https://www.fairvalue-calculator.com/stock/2008
Frequently asked questions
Is Kao Hsiung Chang Iron & Steel Corp (2008) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 8.84 TWD versus a price of 30.50 TWD, about −71% upside (overvalued).
What is the fair value of 2008?
Our model-based fair value for Kao Hsiung Chang Iron & Steel Corp is 8.84 TWD (as of Sep 24, 2026), built from audited fundamentals. The current price: 30.50 TWD.
What is the quality score of 2008?
Kao Hsiung Chang Iron & Steel Corp has a Quality Score of 54/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Kao Hsiung Chang Iron & Steel Corp (2008)?
Our model-based price target is the fair value of 8.84 TWD (as of Sep 24, 2026) from 20 valuation models. Cautious scenario 8.69 TWD, optimistic scenario 9.73 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Kao Hsiung Chang Iron & Steel Corp stock forecast for 2026?
Our models put fair value at 8.84 TWD, about −71% upside versus a price of 30.50 TWD (overvalued). Cautious scenario 8.69 TWD, optimistic scenario 9.73 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Kao Hsiung Chang Iron & Steel Corp (2008)?
Kao Hsiung Chang Iron & Steel Corp reported trailing-twelve-month revenue of about 1.7B TWD (latest available figure, as of Sep 24, 2026).
Does Kao Hsiung Chang Iron & Steel Corp pay a dividend?
Kao Hsiung Chang Iron & Steel Corp currently shows a dividend yield of about 3.28% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Kao Hsiung Chang Iron & Steel Corp (2008)?
For today's price to be fair in a discounted-cash-flow model, Kao Hsiung Chang Iron & Steel Corp would have to grow free cash flow by +35.9 % per year for five years (discount rate 11.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +13.6 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 2008 use?
Our models discount Kao Hsiung Chang Iron & Steel Corp at 11.8 %: a base by market capitalisation (micro), damped by beta 0.33, country premium for Taiwan. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Kao Hsiung Chang Iron & Steel Corp that is +35.9 % per year a year over ten years, using the same discount rate (11.8 %) and the same formula as our fair value.
How much growth has Kao Hsiung Chang Iron & Steel Corp (2008) delivered so far?
Over the past 5 years revenue at Kao Hsiung Chang Iron & Steel Corp grew +13.6 % a year. The price currently implies +35.9 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Kao Hsiung Chang Iron & Steel Corp (2008) growing?
The median revenue growth in the sector is +3.3 % a year. That is the yardstick for the growth priced into Kao Hsiung Chang Iron & Steel Corp (+35.9 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Kao Hsiung Chang Iron & Steel Corp (2008)?
The free-cash-flow yield on the price is 2.50 %: that much free cash flow Kao Hsiung Chang Iron & Steel Corp produces per unit of market value. When it exceeds the discount rate of our models (11.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Kao Hsiung Chang Iron & Steel Corp (2008)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Kao Hsiung Chang Iron & Steel Corp it is 8.84 TWD per share (as of Sep 24, 2026), against a price of 30.50 TWD. It is the blended result of 20 valuation models (cash flow, earnings, asset, dividend).
Is Kao Hsiung Chang Iron & Steel Corp stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 2008 trades above its calculated fair value: price 30.50 TWD, fair value 8.84 TWD, a gap of about −71% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 2008?
No. The price is what the market pays today (30.50 TWD); the fair value is what the company's own numbers justify (8.84 TWD). For Kao Hsiung Chang Iron & Steel Corp the two are 21.66 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Kao Hsiung Chang Iron & Steel Corp worth?
The market values Kao Hsiung Chang Iron & Steel Corp at about 5.8B TWD (market capitalisation, as of Sep 24, 2026). Per share that is 30.50 TWD; our models calculate a fair value of 8.84 TWD per share.
What do the bullish and bearish scenarios say about 2008?
Our models span a range for Kao Hsiung Chang Iron & Steel Corp: cautious scenario 8.69 TWD, base 8.84 TWD, optimistic 9.73 TWD per share (as of Sep 24, 2026, price 30.50 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 2008?
Kao Hsiung Chang Iron & Steel Corp trades at a price-to-earnings ratio of 44.9 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 8.84 TWD is built from several models across several years. Other multiples: P/B 1.6, P/S 3.4, EV/EBITDA 36.1.
How solid is the balance sheet of Kao Hsiung Chang Iron & Steel Corp (2008)?
Balance-sheet figures for Kao Hsiung Chang Iron & Steel Corp (as of Sep 24, 2026): return on equity 4.0%, debt of 0.64 per unit of equity. They feed the Quality Score of 54/100, which measures business quality independently of the share price.
How far is 2008 from its 52-week high?
Kao Hsiung Chang Iron & Steel Corp trades at 30.50 TWD, about 3% below its 52-week high of 31.45 TWD and 14% above the low of 26.75 TWD (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 8.84 TWD is for.
Which stocks are comparable to Kao Hsiung Chang Iron & Steel Corp?
From the same area (Basic Materials) we also value Nucor Corporation, Steel Dynamics, Inc, JSW Steel Limited, Tata Steel Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Kao Hsiung Chang Iron & Steel Corp stock attractive at the current price?
The data as of Sep 24, 2026: price 30.50 TWD, calculated fair value 8.84 TWD (−71%), Quality Score 54/100, from 20 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 2008 calculated?
We run Kao Hsiung Chang Iron & Steel Corp through 20 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 8.84 TWD, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0 % above its aggregate fair value. Kao Hsiung Chang Iron & Steel Corp itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Kao Hsiung Chang Iron & Steel Corp (2008)?
The closing price on Sep 24, 2026 was 30.50 TWD. Our model-based fair value is 8.84 TWD, about −71% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Kao Hsiung Chang Iron & Steel Corp right now?
The price sits above even our optimistic bull case (9.73 TWD). The favourable scenario is already priced in. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid but not exceptional quality (54/100) and above fair value, neither a clear bargain nor a standout compounder. The models converge in a tight band (8.69 TWD to 9.73 TWD), unusually little disagreement for a valuation.
Key figures of Kao Hsiung Chang Iron & Steel Corp
How large is the market capitalisation of Kao Hsiung Chang Iron & Steel Corp (2008)?
The market capitalisation of Kao Hsiung Chang Iron & Steel Corp is 5.8B TWD (≈ $183M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Kao Hsiung Chang Iron & Steel Corp (2008)?
The price-to-sales ratio of Kao Hsiung Chang Iron & Steel Corp is 3.21 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Kao Hsiung Chang Iron & Steel Corp (2008)?
Earnings per share at Kao Hsiung Chang Iron & Steel Corp are 0.6800 TWD (price ÷ EPS = P/E 44.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Kao Hsiung Chang Iron & Steel Corp (2008)?
The dividend yield of Kao Hsiung Chang Iron & Steel Corp is 3.3% (payout 147%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Kao Hsiung Chang Iron & Steel Corp (2008)?
The net margin of Kao Hsiung Chang Iron & Steel Corp is 7.1% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Kao Hsiung Chang Iron & Steel Corp (2008)?
The return on equity (ROE) of Kao Hsiung Chang Iron & Steel Corp is 4.0% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Kao Hsiung Chang Iron & Steel Corp (2008)?
On an EBIT basis the return on assets of Kao Hsiung Chang Iron & Steel Corp is 1.8% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Kao Hsiung Chang Iron & Steel Corp (2008)?
The operating margin of Kao Hsiung Chang Iron & Steel Corp is 9.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Kao Hsiung Chang Iron & Steel Corp (2008)?
Revenue at Kao Hsiung Chang Iron & Steel Corp is growing −23.6% versus a year earlier (3y avg −6.4%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Kao Hsiung Chang Iron & Steel Corp (2008)?
Earnings per share at Kao Hsiung Chang Iron & Steel Corp are growing +127% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Kao Hsiung Chang Iron & Steel Corp (2008) carry?
The net debt of Kao Hsiung Chang Iron & Steel Corp is 3.9B TWD (fiscal year 2025, ≈ 26.7 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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