Chung Hung Steel Corp (2014) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Chung Hung Steel Corp TWD 26.64, price TWD 16.90, upside +57.6%, quality 44 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Chung Hung Steel Corporation manufactures, process, and sells steel products in Taiwan.
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Chung Hung Steel Corporation manufactures, process, and sells steel products in Taiwan. The company provides hot-rolled steel coils, cold-rolled steel coils, steel pipes, and hot-rolled pickled and oiled steel coils; hot and cold rolled galvanized coils; piping/plumbing, structural, line, and casing and tubing pipes; galvanized coils; and JIS, ASTM, and API steel pipes. Its products are used in steel pipes, sports equipment, bicycles, umbrellas, floor plates, C-type steels, scaffold pipes, rigid steel conduit, construction equipment, oil drums, electroplated pipes, home appliances and automobile parts, office furniture, pallet, gardening tubes, display stands, pressure piping and plumbing, general and mechanical structures, and ordinary piping, as well as oil and gas pipeline transportation. It exports its products to China, Japan, Korea, Southeast Asia, South Asia, the Middle East, Australia, Europe, and the United States. The company was formerly known as Yieh Loong Enterprise Co., Ltd. and changed its name to Chung Hung Steel Corporation in July 2004. Chung Hung Steel Corporation was incorporated in 1983 and is headquartered in Kaohsiung, Taiwan.
Stock analysis
Chung Hung Steel Corp (2014) currently trades at 16.90 TWD, while our model-based Fair Value estimate is 26.64 TWD, implying the stock looks roughly 36.6% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 13.63 TWD per share, and 0 of the 9 models we run sit above the 16.90 TWD price.
Bear case: the Asset-Based group reads lowest at 5.65 TWD, and 9 of the 9 models stay below the price. Evidence for this calculation is low.
Scenario range: 17.33 TWD (bear) to 39.65 TWD (bull), the price of 16.90 TWD sits below 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 44/100 (below-average quality), in the Basic Materials sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Chung Hung Steel Corp reported revenue of 19.0B TWD in FY2025 versus 53.7B TWD in FY2021, a compound −22.9%/yr. Reported net income was −1.8B TWD in FY2025.
Key figures
Market cap 24.3B TWD (≈ $762M) · P/S ratio 1.35 · EPS (TTM) −0.4900 TWD · Dividend yield 0.6% · Net margin −9.7% · Return on equity −5.5% · Return on assets (EBIT) 0.9% · Operating margin 4.4%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 15% below its 52-week high and 20% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −45% fair-value upside, at 58%, 2014 screens cheaper than that median.
Fair Value models
Bear 17.33 TWDFair Value 26.64 TWDBull 39.65 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.23/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−37.6%
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.
−24.7%
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.
−12.4%
Start year 2020 (pandemic). Over 10 years: −4.5% 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.
−0.9%
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Profit margin (trend) ⓘ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.
1.7% (2020) → −10.6% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far and more than analysts expect.
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).
+10.2%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+3.5%
Yearly sales growth analysts expect, extended to five years.
After inflation (Taiwan: IMF forecast 1.6% a year to 2030, 1.5% from 2016 to 2025) that is about +8.5% a year for the price and +1.8% for the forecasts.
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 · 414 stocks
Beats the industry median on 6/11 measures
A mixed picture versus its industry peers.
Valuation
Quality Score44 · Below median
Fair Value upside+58% · Top 25%
Profitability
Return on assets−1% · Bottom 25%
Net margin (TTM)−4% · Bottom 25%
Operating margin (TTM)4% · Above median
Growth and dividend
Revenue growth8% · Above median
Dividend yield (TTM)0.6% · Bottom 25%
Balance sheet
Debt / equity0.73× · Highest 25%
Valuation Multiplesvs Steel median · lower = cheaper
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Is Chung Hung Steel Corp (2014) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 26.64 TWD versus a price of 16.90 TWD, about +58% upside (undervalued).
What is the fair value of 2014?
Our model-based fair value for Chung Hung Steel Corp is 26.64 TWD (as of Sep 24, 2026), built from audited fundamentals. The current price: 16.90 TWD.
What is the quality score of 2014?
Chung Hung Steel Corp has a Quality Score of 44/100. 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 Chung Hung Steel Corp (2014)?
Our model-based price target is the fair value of 26.64 TWD (as of Sep 24, 2026) from 9 valuation models. Cautious scenario 17.33 TWD, optimistic scenario 39.65 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Chung Hung Steel Corp stock forecast for 2026?
Our models put fair value at 26.64 TWD, about +58% upside versus a price of 16.90 TWD (undervalued). Cautious scenario 17.33 TWD, optimistic scenario 39.65 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Chung Hung Steel Corp (2014)?
Chung Hung Steel Corp reported trailing-twelve-month revenue of about 18.2B TWD (latest available figure, as of Sep 24, 2026).
Does Chung Hung Steel Corp pay a dividend?
Chung Hung Steel Corp currently shows a dividend yield of about 0.58% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Chung Hung Steel Corp (2014)?
For today's price to be fair in a discounted-cash-flow model, Chung Hung Steel Corp would have to grow free cash flow by +10.2 % per year for five years (discount rate 11.2 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -12.4 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 2014 use?
Our models discount Chung Hung Steel Corp at 11.2 %: a base by market capitalisation (small), damped by beta 0.81, 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 Chung Hung Steel Corp that is +10.2 % per year a year over ten years, using the same discount rate (11.2 %) and the same formula as our fair value.
How much growth has Chung Hung Steel Corp (2014) delivered so far?
Over the past 5 years revenue at Chung Hung Steel Corp grew -12.4 % a year. The price currently implies +10.2 % 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 Chung Hung Steel Corp (2014) growing?
The median revenue growth in the sector is +3.3 % a year. That is the yardstick for the growth priced into Chung Hung Steel Corp (+10.2 % 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 Chung Hung Steel Corp (2014)?
The free-cash-flow yield on the price is 8.34 %: that much free cash flow Chung Hung Steel Corp produces per unit of market value. When it exceeds the discount rate of our models (11.2 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Chung Hung Steel Corp (2014)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Chung Hung Steel Corp it is 26.64 TWD per share (as of Sep 24, 2026), against a price of 16.90 TWD. It is the blended result of 9 valuation models (cash flow, earnings, asset, dividend).
Is Chung Hung Steel Corp stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 2014 trades below its calculated fair value: price 16.90 TWD, fair value 26.64 TWD, a gap of about +58% (undervalued). 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 2014?
No. The price is what the market pays today (16.90 TWD); the fair value is what the company's own numbers justify (26.64 TWD). For Chung Hung Steel Corp the two are 9.74 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Chung Hung Steel Corp worth?
The market values Chung Hung Steel Corp at about 24.3B TWD (market capitalisation, as of Sep 24, 2026). Per share that is 16.90 TWD; our models calculate a fair value of 26.64 TWD per share.
What do the bullish and bearish scenarios say about 2014?
Our models span a range for Chung Hung Steel Corp: cautious scenario 17.33 TWD, base 26.64 TWD, optimistic 39.65 TWD per share (as of Sep 24, 2026, price 16.90 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Chung Hung Steel Corp (2014)?
Balance-sheet figures for Chung Hung Steel Corp (as of Sep 24, 2026): return on equity −5.5%, debt of 0.73 per unit of equity. They feed the Quality Score of 44/100, which measures business quality independently of the share price.
How far is 2014 from its 52-week high?
Chung Hung Steel Corp trades at 16.90 TWD, about 15% below its 52-week high of 19.95 TWD and 20% above the low of 14.05 TWD (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 26.64 TWD is for.
Which stocks are comparable to Chung Hung 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 Chung Hung Steel Corp stock attractive at the current price?
The data as of Sep 24, 2026: price 16.90 TWD, calculated fair value 26.64 TWD (+58%), Quality Score 44/100, from 9 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 2014 calculated?
We run Chung Hung Steel Corp through 9 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 26.64 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 14.1 % above its aggregate fair value. Chung Hung Steel Corp currently trades 58 % below its own fair value, and the market average says nothing about that. 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 Chung Hung Steel Corp (2014)?
The closing price on Sep 24, 2026 was 16.90 TWD. Our model-based fair value is 26.64 TWD, about +58% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Chung Hung Steel Corp right now?
The large discount to fair value meets weak quality (44/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (17.33 TWD). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. A fairly wide model range (17.33 TWD to 39.65 TWD) leaves room in how you read the outcome.
Key figures of Chung Hung Steel Corp
How large is the market capitalisation of Chung Hung Steel Corp (2014)?
The market capitalisation of Chung Hung Steel Corp is 24.3B TWD (≈ $762M). 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 Chung Hung Steel Corp (2014)?
The price-to-sales ratio of Chung Hung Steel Corp is 1.35 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Chung Hung Steel Corp (2014)?
Earnings per share at Chung Hung Steel Corp are −0.4900 TWD. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Chung Hung Steel Corp (2014)?
The dividend yield of Chung Hung Steel Corp is 0.6%. 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 Chung Hung Steel Corp (2014)?
The net margin of Chung Hung Steel Corp is −9.7% (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 Chung Hung Steel Corp (2014)?
The return on equity (ROE) of Chung Hung Steel Corp is −5.5% (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 Chung Hung Steel Corp (2014)?
On an EBIT basis the return on assets of Chung Hung Steel Corp is 0.9% (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 Chung Hung Steel Corp (2014)?
The operating margin of Chung Hung Steel Corp is 4.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Chung Hung Steel Corp (2014)?
Revenue at Chung Hung Steel Corp is growing +8.3% versus a year earlier (3y avg −24.7%). 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 Chung Hung Steel Corp (2014)?
Earnings per share at Chung Hung Steel Corp are growing −85.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Chung Hung Steel Corp (2014) carry?
The net debt of Chung Hung Steel Corp is 11.9B TWD (fiscal year 2025, ≈ 5.9 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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