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Feng Hsin Steel Co (2015) Fair Value & Analysis

Basic Materials · TW · Market cap 36.7B TWD

FH Feng Hsin Steel Co 2015 · TW
Price65.80 TWD
Fair Value65.90 TWD
Upside+0.2%
Quality70/100
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Healthy Growth
Thin margins · 8.3% net margin
Low debt · generates free cash flow
5.16% dividend yield
Ranks above peers (10/15)
Moderate moat 45/100
Evidence: High Range 49.42 TWD – 82.37 TWD Share as image

Fair value as of: Jul 23, 2026

From 22 valuation models · updated 18 days ago

Share price +5.4% over the past month.

A solid business, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • Our model range runs from 49.42 TWD (bear) to 82.37 TWD (bull), base 65.90 TWD. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 70/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

87.77 TWD 53.19 TWD Fair Value 65.90 TWD Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 23, 2026.

How to read this chart

60‑month range 53.19 TWD – 87.77 TWD · fair‑value band 49.42 TWD – 82.37 TWD · the 65.80 TWD price screens below the 65.90 TWD fair value. Dashed = 300-day average. As of Jul 23, 2026.

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Analysis

Feng Hsin Steel Co (2015) currently trades at 65.80 TWD, while our model-based Fair Value estimate is 65.90 TWD, implying the stock looks roughly 0.2% fairly valued today. The Quality Score stands at 70/100 (solid 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: high), always confirm before acting.

Over the trailing twelve months, Feng Hsin Steel Co generated revenue of 28.0B TWD at a net margin of 8.3%. Revenue declined 14.1% year over year. It earns a return on equity of 11.0%. The balance sheet holds a net cash position of 2.0B TWD. Fundamentals as of Jul 23, 2026

Our scenario range runs from 49.42 TWD (bear case) to 82.37 TWD (bull case); at 65.80 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 7% below its 52-week high and 11% 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 0%, 2015 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 80.81 TWD 106.88 TWD 153.48 TWD 80
Residual Income 34.13 TWD 37.96 TWD 59.61 TWD 76
Rev-Margin DCF 54.89 TWD 74.15 TWD 98.82 TWD 74
All 22 models by family
DCF Models
FCF DCF 77.67 TWD 104.38 TWD 156.36 TWD 38
Owner Earnings 45.07 TWD 59.82 TWD 88.53 TWD 31
5Y Revenue Exit 54.89 TWD 72.47 TWD 98.59 TWD 39
5Y EBITDA Exit 57.83 TWD 77.51 TWD 104.25 TWD 41
5Y P/E Exit 58.87 TWD 79.28 TWD 104.40 TWD 38
10Y Revenue Exit 62.11 TWD 77.50 TWD 94.02 TWD 36
10Y EBITDA Exit 64.96 TWD 80.73 TWD 97.52 TWD 37
10Y P/E Exit 65.59 TWD 81.87 TWD 97.62 TWD 35
Earnings-Based
Graham-Dodd 26.36 TWD 38.28 TWD 45.11 TWD 54
EPV 37.74 TWD 43.22 TWD 48.02 TWD 59
Multiples
P/E Multiple 49.42 TWD 65.90 TWD 82.37 TWD 63
P/S Multiple 49.42 TWD 65.90 TWD 82.37 TWD 58
P/B Multiple 49.42 TWD 65.90 TWD 82.37 TWD 55
EV/EBIT 50.01 TWD 65.07 TWD 80.13 TWD 53
EV/EBITDA 52.32 TWD 68.15 TWD 83.98 TWD 54
EV/Revenue 43.99 TWD 60.77 TWD 77.54 TWD 43
Asset-Based
NCAV (Graham) 19.43 TWD 26.03 TWD 38.86 TWD 50
Growth DCF
Growth DCF 80.81 TWD 106.88 TWD 153.48 TWD 80
Rev-Margin DCF 54.89 TWD 74.15 TWD 98.82 TWD 74
Economic Profit
Residual Income 34.13 TWD 37.96 TWD 59.61 TWD 76
ROIC Compounder 37.74 TWD 43.82 TWD 50.65 TWD 72
Growth Earnings
Growth-Adj P/E 35.21 TWD 50.30 TWD 65.39 TWD 68

Widest divergence: DCF Models (77.51 TWD) versus Asset-Based (26.03 TWD). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 28.0B TWD
Revenue growth (YoY) -14.1%
Net margin 8.3%
Return on equity 11.0%
Free cash flow 4.3B TWD FY2025
P/E ratio 16.4
More key figures
Operating margin 9.2%
EPS (TTM) 3.85 TWD
Dividend yield 5.3%
EPS growth (YoY) +11.8%
Net cash 2.0B TWD FY2025

Figures from reported company fundamentals · as of Jul 23, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 70/100

Of which business quality 70 · Market factors (momentum, volatility) 56

Profitability 50
Margins and returns on capital today
Quality Growth 32
Are margins and returns improving?
Cashflow 77
Earnings quality: real cash, not paper profit
Fin. Strength 88
Balance sheet, leverage, solvency risk
Investment 94
Disciplined investing over empire-building
Low Volatility 88
Calm price path (market factor)
Momentum 43
Price trend over the last 3–12 months (market factor)
52W Momentum 43
Distance to the 52-week high (market factor)
Net Issuance 82
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

Feng Hsin Steel Co., Ltd. manufactures, processes, and trades various steel products in Taiwan. The company offers angle, channel, flat, round, square, and deformed bars, as well as rebars; billets; and bar in coils. It also exports its products to Asia and internationally. Feng Hsin Steel Co., Ltd.

Full company description

Feng Hsin Steel Co., Ltd. manufactures, processes, and trades various steel products in Taiwan. The company offers angle, channel, flat, round, square, and deformed bars, as well as rebars; billets; and bar in coils. It also exports its products to Asia and internationally. Feng Hsin Steel Co., Ltd. was incorporated in 1969 and is headquartered in Taichung, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Feng Hsin Steel Co reported revenue of 29.0B TWD in FY2025 versus 38.4B TWD in FY2021, a compound −6.7%/yr. Reported net income was 2.3B TWD in FY2025, compounding −13.5%/yr from FY2021.

Growth Quality 67/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
29.0B TWD
Avg. growth/yr (3Y)
−3.6%
Avg. growth/yr (5Y)
+4.4%
Avg. growth/yr (24Y)
+5.3%
Revenue −6.7%/yr
FY21 38.4B TWD
FY22 38.6B TWD
FY23 34.9B TWD
FY24 34.4B TWD
FY25 29.0B TWD
Net income −13.5%/yr
FY21 4.0B TWD
FY22 3.1B TWD
FY23 2.4B TWD
FY24 2.5B TWD
FY25 2.3B TWD

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Cite: Fair Value Calculator (2026). "Feng Hsin Steel Co Fair Value". https://www.fairvalue-calculator.com/stock/2015

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 70 · Top 25%
Fair Value upside +0% · Above median
Return on equity (TTM) 11% · Top 25%
Return on assets 6% · Top 25%
Net margin (TTM) 8% · Top 25%
Operating margin (TTM) 9% · Above median
Revenue growth -14% · Bottom 25%
Dividend yield (TTM) 5.2% · Top 25%
Debt / equity 0.01× · Lower than 75% of peers

Valuation Multiples vs Steel median · lower = cheaper

P/E (TTM) 16.4× · Cheaper than median
P/B 1.62× · Pricier than median
P/S (TTM) 1.31× · Pricier than median
P/FCF 0.3× · Cheaper than median
EV/EBITDA 9.4× · Pricier than median
PEG 5.34× · Pricier than 75% of peers

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 34 · sector 20
FUTURE 0 · sector 4
PAST 44 · sector 15
HEALTH 100 · sector 95
DIVIDEND 100 · 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 23, 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 Feng Hsin Steel Co (2015) overvalued or undervalued?
As of Jul 23, 2026, our model estimates a fair value of 65.90 TWD versus a price of 65.80 TWD, about +0% (fairly valued).
What is the fair value of 2015?
Our model-based fair value for Feng Hsin Steel Co is 65.90 TWD (as of Jul 23, 2026), built from audited fundamentals. The current price is 65.80 TWD.
What is the quality score of 2015?
Feng Hsin Steel Co has a Quality Score of 70/100. 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 Feng Hsin Steel Co (2015)?
Feng Hsin Steel Co reported trailing-twelve-month revenue of about 28.0B TWD (latest available figure, as of Jul 23, 2026).
What is the net profit margin of 2015?
The net profit margin of Feng Hsin Steel Co is about 8.3%, meaning it keeps roughly 8.3% of revenue as net income. Based on the latest reported figures.
Does Feng Hsin Steel Co pay a dividend?
Feng Hsin Steel Co currently shows a dividend yield of about 5.31% relative to its recent price (as of Jul 23, 2026).

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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