Sheng Yu Steel Co Ltd (2029) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Sheng Yu Steel Co Ltd TWD 29.91, price TWD 21.55, upside +38.8%, quality 57 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range 20.00 TWD – 48.09 TWD · the 21.55 TWD price screens below the 29.91 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 24, 2026.
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Sheng Yu Steel Co., Ltd. manufactures, processes, and sells steel coils in Taiwan, the rest of Asia, Europe, the United States, and internationally. The company provides galvanized products, including Al-Zn alloy-coated and galvanized steel coils; prepainted Al-Zn alloy-coated and galvanized steel coils and sheets; and cold-rolled steel sheets and coils.
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Sheng Yu Steel Co., Ltd. manufactures, processes, and sells steel coils in Taiwan, the rest of Asia, Europe, the United States, and internationally. The company provides galvanized products, including Al-Zn alloy-coated and galvanized steel coils; prepainted Al-Zn alloy-coated and galvanized steel coils and sheets; and cold-rolled steel sheets and coils. It offers chrome-free anti-fingerprint zinc-coated and Al-Zn alloy-coated, pre-painted, printed color, single-side pre-painted anti-fingerprint galvanized, anti-static and antiseptic pre-painted, and low-gloss pre-painted coated steel sheets; two-tone pre-painted, pearl pre-painted, baroque embossed pre-painted, and anti-dirt pre-painted steel coils; whiteboards; and blackboards. In addition, the company is involved in trading and testing laboratory businesses. The company was incorporated in 1973 and is headquartered in Kaohsiung, Taiwan. Sheng Yu Steel Co., Ltd. operates as a subsidiary of Yodogawa Steel Works, Ltd.
Stock analysis
Sheng Yu Steel Co Ltd (2029) currently trades at 21.55 TWD, while our model-based Fair Value estimate is 29.91 TWD, implying the stock looks roughly 28.0% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 25.66 TWD per share, and 11 of the 22 models we run sit above the 21.55 TWD price.
Bear case: the Earnings-Based group reads lowest at 6.19 TWD, and 11 of the 22 models stay below the price. Evidence for this calculation is low.
Quality & growth
The Quality Score stands at 57/100 (solid quality), in the Basic Materials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Sheng Yu Steel Co Ltd reported revenue of 13.3B TWD in FY2025 versus 14.4B TWD in FY2021, a compound −1.9%/yr. Reported net income was 239M TWD in FY2025, compounding −34.1%/yr from FY2021.
Key figures
Market cap 7.3B TWD (≈ $231M) · P/E ratio 29.1 · P/S ratio 0.52 · EPS (TTM) 0.7400 TWD · Dividend yield 2.8% · Net margin 1.8% · Return on equity 2.1% · Return on assets (EBIT) 6.6%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (medium confidence).
What moves the price
The share trades about 4% below its 52-week high and 8% 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 39%, 2029 screens cheaper than that median.
Fair Value models
Bear 29.91 TWDFair Value 29.91 TWDBull 29.91 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. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (0.1028 TWD per share) are deliberately not added.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.63/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−3.1%
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.
+1.2%
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.
+7.2%
Start year 2020 (pandemic). Over 10 years: +0.3% a year
Revenue growth 25 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.
+1.6%
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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.
+1.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year−1.8%
Dividend (yield on the price)2.8%
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.−2% vs −12%, 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.4% → 2%
Start year 2020 (pandemic)
⚠ Revenue per share shrinking 1.9%/yr over ~10Y (margins eroding too) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Growth Forecast
Little optimism in the price
The price assumes less 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).
−20.7%
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 −21.9% a year for the price.
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 6/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score57 · Above median
Fair Value upside+39% · Top 25%
Profitability
Return on equity (TTM)2% · Below median
Return on assets1% · Below median
Net margin (TTM)2% · Below median
Operating margin (TTM)5% · Above median
Growth and dividend
Revenue growth−18% · Bottom 25%
Dividend yield (TTM)2.8% · Above median
Valuation Multiplesvs Steel median · lower = cheaper
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). "Sheng Yu Steel Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/2029
Frequently asked questions
Is Sheng Yu Steel Co Ltd (2029) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 29.91 TWD versus a price of 21.55 TWD, about +39% upside (undervalued).
What is the fair value of 2029?
Our model-based fair value for Sheng Yu Steel Co Ltd is 29.91 TWD (as of Sep 24, 2026), built from audited fundamentals. The current price: 21.55 TWD.
What is the quality score of 2029?
Sheng Yu Steel Co Ltd has a Quality Score of 57/100. 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 Sheng Yu Steel Co Ltd (2029)?
Our model-based price target is the fair value of 29.91 TWD (as of Sep 24, 2026) from 22 valuation models. It is a calculation from audited fundamentals, not an analyst target.
What is the Sheng Yu Steel Co Ltd stock forecast for 2026?
Our models put fair value at 29.91 TWD, about +39% upside versus a price of 21.55 TWD (undervalued). The calculation is refreshed regularly with new filings.
What is the revenue of Sheng Yu Steel Co Ltd (2029)?
Sheng Yu Steel Co Ltd reported trailing-twelve-month revenue of about 12.6B TWD (latest available figure, as of Sep 24, 2026).
Does Sheng Yu Steel Co Ltd pay a dividend?
Sheng Yu Steel Co Ltd currently shows a dividend yield of about 2.78% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Sheng Yu Steel Co Ltd (2029)?
For today's price to be fair in a discounted-cash-flow model, Sheng Yu Steel Co Ltd would have to grow free cash flow by -20.7 % 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 +7.2 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 2029 use?
Our models discount Sheng Yu Steel Co Ltd at 11.8 %: a base by market capitalisation (micro), damped by beta 0.46, 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 Sheng Yu Steel Co Ltd that is -20.7 % 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 Sheng Yu Steel Co Ltd (2029) delivered so far?
Over the past 5 years revenue at Sheng Yu Steel Co Ltd grew +7.2 % a year. The price currently implies -20.7 % 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 Sheng Yu Steel Co Ltd (2029) growing?
The median revenue growth in the sector is +3.3 % a year. That is the yardstick for the growth priced into Sheng Yu Steel Co Ltd (-20.7 % 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 Sheng Yu Steel Co Ltd (2029)?
The free-cash-flow yield on the price is 9.98 %: that much free cash flow Sheng Yu Steel Co Ltd 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 Sheng Yu Steel Co Ltd (2029)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Sheng Yu Steel Co Ltd it is 29.91 TWD per share (as of Sep 24, 2026), against a price of 21.55 TWD. It is the blended result of 22 valuation models (cash flow, earnings, asset, dividend).
Is Sheng Yu Steel Co Ltd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 2029 trades below its calculated fair value: price 21.55 TWD, fair value 29.91 TWD, a gap of about +39% (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 2029?
No. The price is what the market pays today (21.55 TWD); the fair value is what the company's own numbers justify (29.91 TWD). For Sheng Yu Steel Co Ltd the two are 8.36 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Sheng Yu Steel Co Ltd worth?
The market values Sheng Yu Steel Co Ltd at about 7.3B TWD (market capitalisation, as of Sep 24, 2026). Per share that is 21.55 TWD; our models calculate a fair value of 29.91 TWD per share.
What is the P/E ratio of 2029?
Sheng Yu Steel Co Ltd trades at a price-to-earnings ratio of 29.1 (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 29.91 TWD is built from several models across several years. Other multiples: P/B 0.7, P/S 0.6, EV/EBITDA 9.3.
How solid is the balance sheet of Sheng Yu Steel Co Ltd (2029)?
Balance-sheet figures for Sheng Yu Steel Co Ltd (as of Sep 24, 2026): return on equity 2.1%. They feed the Quality Score of 57/100, which measures business quality independently of the share price.
How far is 2029 from its 52-week high?
Sheng Yu Steel Co Ltd trades at 21.55 TWD, about 4% below its 52-week high of 22.50 TWD and 8% above the low of 20.00 TWD (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 29.91 TWD is for.
Which stocks are comparable to Sheng Yu Steel Co Ltd?
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 Sheng Yu Steel Co Ltd stock attractive at the current price?
The data as of Sep 24, 2026: price 21.55 TWD, calculated fair value 29.91 TWD (+39%), Quality Score 57/100, from 22 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 2029 calculated?
We run Sheng Yu Steel Co Ltd through 22 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 29.91 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. Sheng Yu Steel Co Ltd currently trades 39 % 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 Sheng Yu Steel Co Ltd (2029)?
The closing price on Sep 24, 2026 was 21.55 TWD. Our model-based fair value is 29.91 TWD, about +39% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Sheng Yu Steel Co Ltd right now?
The price is below even our cautious bear case (29.91 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. Solid quality (57/100) at a price below fair value, the discount is the argument here, not the business quality.
Where does the earnings growth of Sheng Yu Steel Co Ltd (2029) come from?
Earnings per share at Sheng Yu Steel Co Ltd grew −6.3 % a year from 2014 to 2025. Broken into its drivers: revenue per share −1.3 %, EBIT margin −8.0 %, tax rate +0.2 %, residual (interest, one-offs) +2.9 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Sheng Yu Steel Co Ltd
How large is the market capitalisation of Sheng Yu Steel Co Ltd (2029)?
The market capitalisation of Sheng Yu Steel Co Ltd is 7.3B TWD (≈ $231M). 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 Sheng Yu Steel Co Ltd (2029)?
The price-to-sales ratio of Sheng Yu Steel Co Ltd is 0.52 (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 Sheng Yu Steel Co Ltd (2029)?
Earnings per share at Sheng Yu Steel Co Ltd are 0.7400 TWD (price ÷ EPS = P/E 29.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Sheng Yu Steel Co Ltd (2029)?
The dividend yield of Sheng Yu Steel Co Ltd is 2.8% (payout 81.1%). 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 Sheng Yu Steel Co Ltd (2029)?
The net margin of Sheng Yu Steel Co Ltd is 1.8% (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 Sheng Yu Steel Co Ltd (2029)?
The return on equity (ROE) of Sheng Yu Steel Co Ltd is 2.1% (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 Sheng Yu Steel Co Ltd (2029)?
On an EBIT basis the return on assets of Sheng Yu Steel Co Ltd is 6.6% (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 Sheng Yu Steel Co Ltd (2029)?
The operating margin of Sheng Yu Steel Co Ltd is 4.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Sheng Yu Steel Co Ltd (2029)?
Revenue at Sheng Yu Steel Co Ltd is growing −18.1% versus a year earlier (3y avg +1.2%). 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 Sheng Yu Steel Co Ltd (2029)?
Earnings per share at Sheng Yu Steel Co Ltd are growing −22.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Sheng Yu Steel Co Ltd (2029) hold?
Sheng Yu Steel Co Ltd holds more cash than debt, 2.8B TWD net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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