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Century Iron and Steel Industrial Co (9958) Fair Value & Analysis

Industrials · TW · Market cap 28.4B TWD

CI Century Iron and Steel Industrial Co 9958 · TW
Price113.50 TWD
Fair Value96.55 TWD
Upside-14.9%
Quality43/100
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Healthy Growth
Solidly profitable · 12.8% net margin
Low debt · generates free cash flow
4.04% dividend yield
Ranks above peers (10/14)
Moderate moat 60/100
Evidence: Medium Range 72.42 TWD – 120.69 TWD Share as image

Fair value as of: Jul 21, 2026

From 26 valuation models · updated 19 days ago

Share price −4.2% over the past month.

Below-average quality, and screening another 15% overvalued on our models.

What matters now

  • Our model range runs from 72.42 TWD (bear) to 120.69 TWD (bull), base 96.55 TWD. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 43/100 (below-average quality) with medium evidence: read the verdict with care.
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Price vs Fair Value (5 years)

365.00 TWD 62.10 TWD Fair Value 96.55 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 62.10 TWD – 365.00 TWD · fair‑value band 72.42 TWD – 120.69 TWD · the 113.50 TWD price screens above the 96.55 TWD fair value. Dashed = 300-day average. As of Jul 21, 2026.

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Analysis

Century Iron and Steel Industrial Co (9958) currently trades at 113.50 TWD, while our model-based Fair Value estimate is 96.55 TWD, implying the stock looks roughly 14.9% overvalued today. The Quality Score stands at 43/100 (below-average quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).

Over the trailing twelve months, Century Iron and Steel Industrial Co generated revenue of 15.1B TWD at a net margin of 12.8%. Revenue grew 16.6% year over year. It earns a return on equity of 13.0%. Net debt stands at 4.5B TWD. Fundamentals as of Jul 21, 2026

Our scenario range runs from 72.42 TWD (bear case) to 120.69 TWD (bull case); at 113.50 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 54% below its 52-week high and 13% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -72% fair-value upside, at -15%, 9958 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 301.59 TWD 492.44 TWD 811.23 TWD 80
Residual Income 44.85 TWD 55.09 TWD 104.92 TWD 76
Rev-Margin DCF 163.64 TWD 223.35 TWD 300.02 TWD 74
All 26 models by family
DCF Models
FCF DCF 302.55 TWD 507.54 TWD 857.44 TWD 38
Owner Earnings 76.92 TWD 108.12 TWD 161.38 TWD 31
5Y Revenue Exit 163.64 TWD 221.07 TWD 292.63 TWD 39
5Y EBITDA Exit 214.95 TWD 325.37 TWD 459.23 TWD 41
5Y P/E Exit 175.59 TWD 245.36 TWD 321.02 TWD 38
10Y Revenue Exit 206.62 TWD 275.92 TWD 370.40 TWD 36
10Y EBITDA Exit 242.51 TWD 351.74 TWD 507.97 TWD 37
10Y P/E Exit 216.57 TWD 293.58 TWD 393.85 TWD 35
Earnings-Based
Graham-Dodd 45.44 TWD 200.45 TWD 274.41 TWD 54
Lynch FV 51.87 TWD 74.10 TWD 96.34 TWD 50
PEG = 1.0 51.87 TWD 74.10 TWD 96.34 TWD 46
EPV 138.99 TWD 156.08 TWD 171.04 TWD 59
Dividend Discount
Gordon GGM 52.26 TWD 108.66 TWD 172.37 TWD 70
DDM Multi-Stage 52.26 TWD 91.62 TWD 114.04 TWD 61
Multiples
P/E Multiple 85.20 TWD 113.59 TWD 141.99 TWD 63
P/S Multiple 65.90 TWD 87.87 TWD 109.84 TWD 58
P/B Multiple 85.20 TWD 113.59 TWD 141.99 TWD 55
EV/EBIT 177.06 TWD 223.94 TWD 270.82 TWD 53
EV/EBITDA 185.14 TWD 234.72 TWD 284.29 TWD 54
EV/Revenue 97.93 TWD 124.29 TWD 150.65 TWD 43
Asset-Based
NCAV (Graham) 22.50 TWD 30.15 TWD 45.00 TWD 50
Growth DCF
Growth DCF 301.59 TWD 492.44 TWD 811.23 TWD 80
Rev-Margin DCF 163.64 TWD 223.35 TWD 300.02 TWD 74
Economic Profit
Residual Income 44.85 TWD 55.09 TWD 104.92 TWD 76
ROIC Compounder 143.06 TWD 165.66 TWD 188.87 TWD 72
Growth Earnings
Growth-Adj P/E 76.21 TWD 108.87 TWD 141.53 TWD 68

Widest divergence: DCF Models (275.92 TWD) versus Asset-Based (30.15 TWD). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 15.1B TWD
Revenue growth (YoY) +16.6%
Net margin 12.8%
Return on equity 13.0%
Free cash flow 5.2B TWD FY2025
P/E ratio 17.8
More key figures
Operating margin 28.8%
EPS (TTM) 6.47 TWD
Dividend yield 4.0%
EPS growth (YoY) +84.4%
Net debt 4.5B TWD FY2025

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

Quality Score breakdown

Overall quality 43/100

Of which business quality 46 · Market factors (momentum, volatility) 35

Profitability 37
Margins and returns on capital today
Quality Growth 53
Are margins and returns improving?
Cashflow 89
Earnings quality: real cash, not paper profit
Fin. Strength 50
Balance sheet, leverage, solvency risk
Investment 23
Disciplined investing over empire-building
Low Volatility 72
Calm price path (market factor)
Momentum 26
Price trend over the last 3–12 months (market factor)
52W Momentum 6
Distance to the 52-week high (market factor)
Net Issuance 0
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

Century Iron and Steel Industrial Co.,Ltd. engages in the manufacture and sale of steel structures, steel frame, and iron bone in Taiwan and Myanmar. The company is also involved in the manufacture and distributes mechanical equipment of power generation, and fabricated metal; installation; and consulting services.

Full company description

Century Iron and Steel Industrial Co.,Ltd. engages in the manufacture and sale of steel structures, steel frame, and iron bone in Taiwan and Myanmar. The company is also involved in the manufacture and distributes mechanical equipment of power generation, and fabricated metal; installation; and consulting services. Its products are used in high-rise buildings, bridges, factories, public construction, and other projects. Century Iron and Steel Industrial Co.,Ltd. was incorporated in 1987 and is headquartered in Taoyuan City, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Century Iron and Steel Industrial Co reported revenue of 14.5B TWD in FY2025 versus 9.9B TWD in FY2021, a compound +9.8%/yr. Reported net income was 1.6B TWD in FY2025, compounding +7.0%/yr from FY2021.

Growth Quality 100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
14.5B TWD
Latest YoY
+15.9%
Avg. growth/yr (3Y)
+16.2%
Avg. growth/yr (5Y)
+17.7%
Avg. growth/yr (22Y)
+10.6%
Revenue +9.8%/yr
FY21 9.9B TWD
FY22 9.2B TWD
FY23 14.5B TWD
FY24 12.5B TWD
FY25 14.5B TWD
Net income +7.0%/yr
FY21 1.3B TWD
FY22 101M TWD
FY23 1.0B TWD
FY24 1.8B TWD
FY25 1.6B TWD

9958 screens 15% overvalued. Compare with Carpenter Technology Corporation →

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Cite: Fair Value Calculator (2026). "Century Iron and Steel Industrial Co Fair Value". https://www.fairvalue-calculator.com/stock/9958

Peer Group

Metal Fabrication · 243 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 43 · Below median
Fair Value upside −15% · Above median
Return on equity (TTM) 13% · Top 25%
Return on assets 5% · Top 25%
Net margin (TTM) 13% · Top 25%
Operating margin (TTM) 29% · Top 25%
Revenue growth 17% · Above median
Dividend yield (TTM) 4.0% · Top 25%
Debt / equity 0.30× · Higher than 75% of peers

Valuation Multiples vs Metal Fabrication median · lower = cheaper

P/E (TTM) 17.8× · Cheaper than median
P/B 2.56× · Pricier than median
P/S (TTM) 1.88× · Pricier than median
P/FCF 0.2× · Cheaper than 75% of peers
EV/EBITDA 3.7× · Cheaper 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 13 · sector 0
FUTURE 83 · sector 35
PAST 52 · sector 21
HEALTH 85 · sector 95
DIVIDEND 81 · sector 25

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.

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Frequently asked questions

Is Century Iron and Steel Industrial Co (9958) overvalued or undervalued?
As of Jul 21, 2026, our model estimates a fair value of 96.55 TWD versus a price of 113.50 TWD, about −15% (overvalued).
What is the fair value of 9958?
Our model-based fair value for Century Iron and Steel Industrial Co is 96.55 TWD (as of Jul 21, 2026), built from audited fundamentals. The current price is 113.50 TWD.
What is the quality score of 9958?
Century Iron and Steel Industrial Co has a Quality Score of 43/100. 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 Century Iron and Steel Industrial Co (9958)?
Century Iron and Steel Industrial Co reported trailing-twelve-month revenue of about 15.1B TWD (latest available figure, as of Jul 21, 2026).
What is the net profit margin of 9958?
The net profit margin of Century Iron and Steel Industrial Co is about 12.8%, meaning it keeps roughly 12.8% of revenue as net income. Based on the latest reported figures.
Does Century Iron and Steel Industrial Co pay a dividend?
Century Iron and Steel Industrial Co currently shows a dividend yield of about 4.04% relative to its recent price (as of Jul 21, 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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