Risk factor
Negligible price volatility
Profitability factor
Very weak growth
About
China Steel Corporation operates as a prominent manufacturer and global seller of steel products, with its primary markets spanning Taiwan, Vietnam, Malaysia, China, India, and other international regions. The company boasts an extensive product portfolio tailored for a diverse range of industrial applications. This includes specialized steel plates crucial for major construction projects, shipbuilding, bridges, pressure vessels, storage tanks, and vehicle chassis. It also supplies steel bars and wire rods, which are essential components for items like bolts, nuts, various structural frameworks, forging operations, tire cords, and hand tools. Furthermore, CSC produces an array of coils and sheets: Hot-rolled coils and sheets are utilized in the production of steel pipes and tubes, vehicle parts, containers, and for subsequent cold-rolled and galvanized steel manufacturing. Cold-rolled coils are vital for automobile panels, home appliances, drums, steel pipes, and general hardware. Specialty offerings feature color coils for roofing, walling, appliances, and interior design; electrical steel coils for motors, transformers, and electronic cores; as well as electro-galvanized and hot-dip galvanized coils. Beyond its core steel manufacturing, China Steel Corporation diversifies its operations into several other sectors. These include significant involvement in mechanical, communications, and electrical engineering, alongside ocean freight forwarding and bulk shipping. The company also handles non-ferrous metals (such as titanium-nickel and aluminum), magnetic materials, specialty chemicals, ferric iron oxide, and electronic ceramics. Innovatively, CSC designs and sells IT hardware and software, engages in the introduction and development of biology-related ventures, and manages real estate development, sales, and leasing. Additionally, it provides various services including steel product agency and trading, security solutions, and management consultancy, and contributes to renewable energy by generating solar power. Established in 1971, the company maintains its headquarters in Kaohsiung, Taiwan.
Company Valuation
From both historical and forecast perspectives, the stock is fairly priced compared to similar stocks. In particular, the stock is overpriced on P/E, of fair value on EV/
Target Price
The average target price of 2002.TW is 21 and suggests 6.92% upside potential. Usually, this means a HOLD recommendation among investment firms. This neutral recommendati