Risk factor
Meaningful price volatility
Profitability factor
Favourable analyst view
About
Tae Kwang Corporation, headquartered in Busan, South Korea, has been a leading manufacturer and global distributor of industrial pipe fittings since its establishment in 1965. The company caters to crucial sectors worldwide, including the oil and gas industry, chemical and petrochemical processing, power generation, and shipbuilding. Its comprehensive product line features a diverse range of butt-welding fittings, such as elbows, tees, reducers, caps, stub ends, laterals, and crosses, alongside specialized jacket and split fittings. These are fabricated from various steel grades, including carbon, stainless, and alloy steels. Additionally, Tae Kwang offers an extensive selection of forged fittings, comprising different types of elbows, tees, reducers, sockets, couplings, and plugs, also available in carbon, stainless, and alloy steel. The company's inventory further extends to flange fittings, provided in carbon, stainless, and alloy steel, which encompass styles like slip-ons, welding necks, threaded connections, blinds, and lap joints. The organization adopted its current name, Tae Kwang Corporation, in March 2001, having previously operated as Taekwang Bend Industry Company.
Company Valuation
Based on key historical and expected multiples, the stock is fairly valued relative to its peers. Specifically, the stock is 'cheap' on P/E, neutral on EV/EBITDA, reasona
Target Price
The average target price of 023160.KQ is 41185 and suggests 58% upside potential. Usually, this means a BUY recommendation among investment firms, or a recommendation to