TMP Steel (6248) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of TMP Steel TWD 17.37, price TWD 16.80, upside +3.4%, quality 38 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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TMP Steel Corporation, together with its subsidiary, manufactures and sells iron and steel building materials in Taiwan.
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TMP Steel Corporation, together with its subsidiary, manufactures and sells iron and steel building materials in Taiwan. The company offers steel reinforcing bars for use in building projects, including high-rises, factories, public construction, and social welfare initiatives; and fabrication processing services, such as custom rebar cutting, bending, processing, and forming services. It is also involved in wholesaling and retailing of building materials. The company was formerly known as TMP International Corporation and changed its name to TMP Steel Corporation in July 2016. TMP Steel Corporation was incorporated in 1984 and is based in Changhua, Taiwan.
Stock analysis
TMP Steel (6248) currently trades at 16.80 TWD, while our model-based Fair Value estimate is 17.37 TWD, implying the stock looks roughly 3.3% fairly valued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 36.12 TWD per share, and 17 of the 23 models we run sit above the 16.80 TWD price.
Bear case: the Growth DCF group reads lowest at 8.57 TWD, and 6 of the 23 models stay below the price. Evidence for this calculation is low.
Scenario range: 13.09 TWD (bear) to 24.66 TWD (bull), the price of 16.80 TWD sits inside 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 38/100 (below-average quality), in the Basic Materials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
TMP Steel reported revenue of 7.7B TWD in FY2025 versus 4.4B TWD in FY2021, a compound +14.7%/yr. Reported net income was 152M TWD in FY2025, compounding +27.3%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.
Key figures
Market cap 1.7B TWD (≈ $52.6M) · P/E ratio 12.6 · P/S ratio 0.25 · EPS (TTM) 1.33 TWD · Dividend yield 7.0% · Net margin 2.0% · Return on equity 5.9% · Return on assets (EBIT) 6.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 41 out of 100 (low confidence).
What moves the price
The share trades about 24% below its 52-week high and at 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 3%, 6248 screens cheaper than that median.
Fair Value models
Bear 13.09 TWDFair Value 17.37 TWDBull 24.66 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 (0.1175 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.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
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.
+28.0%
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.
+25.3%
Revenue growth 8 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.
+23.2%
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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.
+11.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year+4.8%
Dividend (yield on the price)7.0%
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.5% vs 6%, steady
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.2% → 2%
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).
+39.7%
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 +37.6% 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 9/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score38 · Bottom 25%
Fair Value upside+4% · Above median
Profitability
Return on equity (TTM)6% · Above median
Return on assets3% · Above median
Net margin (TTM)2% · Below median
Operating margin (TTM)4% · Above median
Growth and dividend
Revenue growth−24% · Bottom 25%
Dividend yield (TTM)7.0% · Top 25%
Balance sheet
Debt / equity0.18× · 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). "TMP Steel Fair Value". https://www.fairvalue-calculator.com/stock/6248
Frequently asked questions
Is TMP Steel (6248) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 17.37 TWD versus a price of 16.80 TWD, about +3% upside (fairly valued).
What is the fair value of 6248?
Our model-based fair value for TMP Steel is 17.37 TWD (as of Sep 24, 2026), built from audited fundamentals. The current price: 16.80 TWD.
What is the quality score of 6248?
TMP Steel has a Quality Score of 38/100. 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 TMP Steel (6248)?
Our model-based price target is the fair value of 17.37 TWD (as of Sep 24, 2026) from 23 valuation models. Cautious scenario 13.09 TWD, optimistic scenario 24.66 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the TMP Steel stock forecast for 2026?
Our models put fair value at 17.37 TWD, about +3% upside versus a price of 16.80 TWD (fairly valued). Cautious scenario 13.09 TWD, optimistic scenario 24.66 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of TMP Steel (6248)?
TMP Steel reported trailing-twelve-month revenue of about 6.7B TWD (latest available figure, as of Sep 24, 2026).
Does TMP Steel pay a dividend?
TMP Steel currently shows a dividend yield of about 6.96% relative to its recent price (as of Sep 24, 2026).
What growth is priced into TMP Steel (6248)?
For today's price to be fair in a discounted-cash-flow model, TMP Steel would have to grow free cash flow by +39.7 % 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 +19.8 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 6248 use?
Our models discount TMP Steel at 11.8 %: a base by market capitalisation (micro), damped by beta 0.23, 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 TMP Steel that is +39.7 % 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 TMP Steel (6248) delivered so far?
Over the past 5 years revenue at TMP Steel grew +19.8 % a year. The price currently implies +39.7 % 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 TMP Steel (6248) growing?
The median revenue growth in the sector is +3.3 % a year. That is the yardstick for the growth priced into TMP Steel (+39.7 % 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 TMP Steel (6248)?
The free-cash-flow yield on the price is 2.03 %: that much free cash flow TMP Steel 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 TMP Steel (6248)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For TMP Steel it is 17.37 TWD per share (as of Sep 24, 2026), against a price of 16.80 TWD. It is the blended result of 23 valuation models (cash flow, earnings, asset, dividend).
Is TMP Steel stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 6248 trades below its calculated fair value: price 16.80 TWD, fair value 17.37 TWD, a gap of about +3% (fairly valued). 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 6248?
No. The price is what the market pays today (16.80 TWD); the fair value is what the company's own numbers justify (17.37 TWD). For TMP Steel the two are 0.5730 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is TMP Steel worth?
The market values TMP Steel at about 1.7B TWD (market capitalisation, as of Sep 24, 2026). Per share that is 16.80 TWD; our models calculate a fair value of 17.37 TWD per share.
What do the bullish and bearish scenarios say about 6248?
Our models span a range for TMP Steel: cautious scenario 13.09 TWD, base 17.37 TWD, optimistic 24.66 TWD per share (as of Sep 24, 2026, price 16.80 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 6248?
TMP Steel trades at a price-to-earnings ratio of 12.6 (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 17.37 TWD is built from several models across several years. Other multiples: P/B 0.7, P/S 0.2, EV/EBITDA 7.6.
How solid is the balance sheet of TMP Steel (6248)?
Balance-sheet figures for TMP Steel (as of Sep 24, 2026): return on equity 5.9%, debt of 0.18 per unit of equity. They feed the Quality Score of 38/100, which measures business quality independently of the share price.
How far is 6248 from its 52-week high?
TMP Steel trades at 16.80 TWD, about 24% below its 52-week high of 22.00 TWD and at the low of 16.75 TWD (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 17.37 TWD is for.
Which stocks are comparable to TMP Steel?
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 TMP Steel stock attractive at the current price?
The data as of Sep 24, 2026: price 16.80 TWD, calculated fair value 17.37 TWD (+3%), Quality Score 38/100, from 23 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 6248 calculated?
We run TMP Steel through 23 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 17.37 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. TMP Steel currently trades 3 % 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 TMP Steel (6248)?
The closing price on Sep 24, 2026 was 16.80 TWD. Our model-based fair value is 17.37 TWD, about +3% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with TMP Steel right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. A fairly wide model range (13.09 TWD to 24.66 TWD) leaves room in how you read the outcome. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of TMP Steel
How large is the market capitalisation of TMP Steel (6248)?
The market capitalisation of TMP Steel is 1.7B TWD (≈ $52.6M). 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 TMP Steel (6248)?
The price-to-sales ratio of TMP Steel is 0.25 (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 TMP Steel (6248)?
Earnings per share at TMP Steel are 1.33 TWD (price ÷ EPS = P/E 12.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of TMP Steel (6248)?
The dividend yield of TMP Steel is 7.0% (payout 88.0%). 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 TMP Steel (6248)?
The net margin of TMP Steel is 2.0% (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 TMP Steel (6248)?
The return on equity (ROE) of TMP Steel is 5.9% (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 TMP Steel (6248)?
On an EBIT basis the return on assets of TMP Steel is 6.0% (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 TMP Steel (6248)?
The operating margin of TMP Steel is 3.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at TMP Steel (6248)?
Revenue at TMP Steel is growing −24.1% versus a year earlier (3y avg +5.0%). 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 TMP Steel (6248)?
Earnings per share at TMP Steel are growing −3.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does TMP Steel (6248) carry?
The net debt of TMP Steel is 729M TWD (fiscal year 2025, ≈ 21.5 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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