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Chung Hung Steel Corporation (2014) Fair Value & Analysis

Basic Materials · TW · Market cap 24.3B TWD

CH Chung Hung Steel Corporation 2014 · TW
Price17.65 TWD
Fair Value20.06 TWD
Upside+13.7%
Quality44/100
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Weak Growth
Loss-making · -10.0% net margin
Moderate debt · generates free cash flow
Trails peers (4/11)
Narrow moat 1/100
Evidence: Medium Range 9.08 TWD – 31.06 TWD Share as image

Fair value as of: Jul 21, 2026

From 9 valuation models · updated 20 days ago

Fair value updated Jul 21, 2026, revised from 10.03 TWD to 20.06 TWD (+100.0%) since Jul 7, 2026. Share price +2.6% over the past month.

Below-average quality, screening 14% undervalued on our models.

What matters now

  • The model range is unusually wide (9.08 TWD to 31.06 TWD). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Our model range runs from 9.08 TWD (bear) to 31.06 TWD (bull), base 20.06 TWD. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 44/100 (below-average quality) with medium evidence: read the verdict with care.
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Price vs Fair Value (5 years)

54.16 TWD 13.80 TWD Fair Value 20.06 TWD Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 21, 2026.

How to read this chart

60‑month range 13.80 TWD – 54.16 TWD · fair‑value band 9.08 TWD – 31.06 TWD · the 17.65 TWD price screens below the 20.06 TWD fair value. Dashed = 300-day average. As of Jul 21, 2026.

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Analysis

Chung Hung Steel Corporation (2014) currently trades at 17.65 TWD, while our model-based Fair Value estimate is 20.06 TWD, implying the stock looks roughly 13.7% undervalued today. The Quality Score stands at 44/100 (below-average quality), in the Basic Materials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium), always confirm before acting.

Over the trailing twelve months, Chung Hung Steel Corporation generated revenue of 17.8B TWD at a net margin of -10.0%. Revenue declined 21.6% year over year. It earns a return on equity of -13.5%. Net debt stands at 11.9B TWD. Fundamentals as of Jul 21, 2026

Our scenario range runs from 9.08 TWD (bear case) to 31.06 TWD (bull case); at 17.65 TWD, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 16% below its 52-week high and 31% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -7% fair-value upside, at 14%, 2014 screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth DCF 9.64 TWD 14.86 TWD 23.79 TWD 80
Rev-Margin DCF 7.81 TWD 13.79 TWD 21.12 TWD 74
Gordon GGM 0.9200 TWD 1.00 TWD 1.14 TWD 70
All 9 models by family
DCF Models
FCF DCF 9.00 TWD 14.38 TWD 24.35 TWD 38
5Y Revenue Exit 7.81 TWD 13.46 TWD 21.68 TWD 39
10Y Revenue Exit 7.84 TWD 12.09 TWD 16.65 TWD 36
Dividend Discount
Gordon GGM 0.9200 TWD 1.00 TWD 1.14 TWD 70
DDM Multi-Stage 0.9200 TWD 1.15 TWD 1.48 TWD 61
Multiples
EV/Revenue 8.13 TWD 13.63 TWD 19.13 TWD 43
Asset-Based
NCAV (Graham) 4.22 TWD 5.65 TWD 8.44 TWD 50
Growth DCF
Growth DCF 9.64 TWD 14.86 TWD 23.79 TWD 80
Rev-Margin DCF 7.81 TWD 13.79 TWD 21.12 TWD 74

Widest divergence: Growth DCF (13.79 TWD) versus Dividend Discount (1.00 TWD). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 17.8B TWD
Revenue growth (YoY) -21.6%
Net margin -10.0%
Return on equity -13.5%
Free cash flow 2.0B TWD FY2025
Operating margin -3.0%
More key figures
EPS (TTM) -1.29 TWD
EPS growth (YoY) -85.2%
Net debt 11.9B TWD FY2025

Figures from reported company fundamentals · as of Jul 21, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 44/100

Of which business quality 45 · Market factors (momentum, volatility) 56

Profitability 10
Margins and returns on capital today
Quality Growth 2
Are margins and returns improving?
Cashflow 63
Earnings quality: real cash, not paper profit
Fin. Strength 38
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 63
Calm price path (market factor)
Momentum 53
Price trend over the last 3–12 months (market factor)
52W Momentum 55
Distance to the 52-week high (market factor)
Net Issuance 83
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

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 …

Full company description

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.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Chung Hung Steel Corporation 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.

Growth Quality 23/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
19.0B TWD
Latest YoY
−37.6%
Avg. growth/yr (3Y)
−24.7%
Avg. growth/yr (5Y)
−12.4%
Avg. growth/yr (23Y)
−0.9%
Revenue −22.9%/yr
FY21 53.7B TWD
FY22 44.5B TWD
FY23 37.8B TWD
FY24 30.5B TWD
FY25 19.0B TWD
Net income
FY21 6.4B TWD
FY22 −990M TWD
FY23 159M TWD
FY24 −892M TWD
FY25 −1.8B TWD

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Cite: Fair Value Calculator (2026). "Chung Hung Steel Corporation Fair Value". https://www.fairvalue-calculator.com/stock/2014

Peer Group

Steel · 378 stocks

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.

Quality Score 44 · Below median
Fair Value upside +14% · Above median
Return on assets -4% · Bottom 25%
Net margin (TTM) -10% · Bottom 25%
Operating margin (TTM) -3% · Bottom 25%
Revenue growth -22% · Bottom 25%
Debt / equity 0.73× · Higher than 75% of peers

Valuation Multiples vs Steel median · lower = cheaper

P/B 0.06× · Cheaper than 75% of peers
P/S (TTM) 0.04× · Cheaper than 75% of peers
P/FCF 0.4× · Cheaper than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 52 · sector 20
FUTURE 0 · sector 4
PAST 0 · sector 15
HEALTH 64 · sector 95
DIVIDEND 0 · sector 41

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Steel stocks, each showing price versus our Fair Value estimate (as of Jul 21, 2026).

Stock Price Fair Value vs Fair Value
Tata Steel Limited TTST $0.2010 $0.2000 -0%
JSW Steel Limited JSWSTEEL ₹1,227 ₹1,140 -7%
Baoshan Iron & Steel Co 600019 ¥5.89 ¥8.07 +37%
China Steel Corporation 2002A 38.55 TWD 8.74 TWD -77%
POSCO Holdings 005490 313,500 KRW 155,270 KRW -50%
Companhia Siderúrgica Nacional, SID 13,670 ARS 15,940 ARS +17%
Jindal Steel Limited JINDALSTEL ₹1,028 ₹545.12 -47%
Lloyds Metals and Energy Limited LLOYDSME ₹1,844 ₹1,098 -40%
Gerdau S.A GGBN 83.50 MXN 42.64 MXN -49%
Ternium S.A TXR 17,780 ARS 27,210 ARS +53%

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Frequently asked questions

Is Chung Hung Steel Corporation (2014) overvalued or undervalued?
As of Jul 21, 2026, our model estimates a fair value of 20.06 TWD versus a price of 17.65 TWD, about +14% (undervalued).
What is the fair value of 2014?
Our model-based fair value for Chung Hung Steel Corporation is 20.06 TWD (as of Jul 21, 2026), built from audited fundamentals. The current price is 17.65 TWD.
What is the quality score of 2014?
Chung Hung Steel Corporation 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 revenue of Chung Hung Steel Corporation (2014)?
Chung Hung Steel Corporation reported trailing-twelve-month revenue of about 17.8B TWD (latest available figure, as of Jul 21, 2026).
What is the net profit margin of 2014?
The net profit margin of Chung Hung Steel Corporation is about -10.0%, meaning it is currently running at a net loss. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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