Risk factor
Very poor trading liquidity
Profitability factor
Greatly overvalued vs peers
About
Feng Ching Metal Corporation, founded in 1983 and headquartered in Kaohsiung, Taiwan, specializes in the global manufacturing and distribution of copper and enameled copper wires. The company's market reach extends across Taiwan, Mainland China, Vietnam, and Thailand, with a broader international presence. Their extensive product portfolio includes specialized wiring solutions such as advanced new energy insulated wires, three-layer insulated and standard wires, Fully Insulated Wires (FIW), PI film-coated wires, and high-performance Teflon high-temperature wires. Additionally, they produce skeletonless coils.
Company Valuation
Based on key historical and expected multiples, the stock is greatly overvalued relative to its peers. Specifically, the stock is 'expensive' on P/E, overvalued on EV/EBI