Risk factor
Very high price volatility
Profitability factor
Overvalued vs peers
About
Established in 1954 and headquartered in Ansan, South Korea, Taeyang Metal Industrial Co., Ltd. specializes in the global production and distribution of cold-forged and precision-machined components. The company serves various industries, with a significant emphasis on the automotive sector. For vehicles, its extensive product range includes critical engine parts such as cylinder heads, main bearing caps, flywheels, connecting rods, and crankshaft pulleys. Taeyang Metal also supplies various bolts (specialty, eye, ring, flange, U-shape), steering and suspension components like ball studs, outer sockets, tie rods, upper and solid shafts, and different shaft and socket blanks. Furthermore, it manufactures piston-related items, including guide rods, input/output rods, adjusting screws, and piston blanks, along with "Color-RR" products and lug wrenches. Beyond automobiles, Taeyang Metal provides drivetrain components and steering systems for motorcycles, and compressor bolts for the appliance industry.
Company Valuation
From both historical and forecast perspectives, the stock is overpriced compared to similar stocks. Specifically, the stock is 'expensive' on P/E, overvalued on EV/EBITD.