Company Valuation: China Steel Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 544,910 459,358 412,942 299,651 289,593 301,024 - -
Change - -15.7% -10.1% -27.44% -3.36% 3.95% - -
Enterprise Value (EV) 1 703,860 659,931 633,420 533,678 429,182 519,651 480,366 492,191
Change - -6.24% -4.02% -15.75% -19.58% 21.08% -7.56% 2.46%
P/E 8.88x 25.9x 245x 151x -65.5x 83.4x 48.2x 31.1x
PBR 1.56x 1.44x 1.36x 0.99x 0.99x 1.04x 1.02x 1.01x
PEG - -0.4x -2.7x 8.3x 0x -0x 0.7x 0.6x
Capitalization / Revenue 1.16x 1.02x 1.14x 0.83x 0.91x 0.89x 0.88x 0.87x
EV / Revenue 1.5x 1.47x 1.74x 1.48x 1.35x 1.54x 1.4x 1.42x
EV / EBITDA 6.26x 12.5x 17.7x 15.6x 14.9x 14.6x 11.3x 11.1x
EV / EBIT 8.83x 36.1x 177x 298x -110x 69.3x 40x 32.3x
EV / FCF 14x -111x 265x -3,354x 25x 22.6x 29.3x -
FCF Yield 7.14% -0.9% 0.38% -0.03% 3.99% 4.43% 3.41% -
Dividend per Share 2 3.1 1 0.35 0.33 0.33 0.1224 0.3055 0.3293
Rate of return 8.77% 3.36% 1.3% 1.68% 1.74% 0.62% 1.55% 1.67%
EPS 2 3.98 1.15 0.11 0.13 -0.29 0.2367 0.4097 0.6343
Distribution rate 77.9% 87% 318% 254% -114% 51.7% 74.6% 51.9%
Net sales 1 468,328 449,567 363,326 360,536 317,155 337,836 342,334 346,529
EBITDA 1 112,484 52,615 35,864 34,127 28,795 35,659 42,678 44,236
EBIT 1 79,757 18,265 3,586 1,792 -3,904 7,500 12,014 15,229
Net income 1 62,053 17,784 1,682 1,978 -4,349 3,704 7,169 6,901
Net Debt 1 158,950 200,573 220,478 234,027 139,589 218,626 179,342 191,166
Reference price 2 35.35 29.80 27.00 19.65 19.00 19.75 19.75 19.75
Nbr of stocks (in thousands) 15,414,702 15,414,702 15,294,151 15,249,393 15,241,738 15,241,738 - -
Announcement Date 2/25/22 2/24/23 2/29/24 2/27/25 2/26/26 - - -
1TWD in Million2TWD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
83.45x1.54x14.57x0.62% 9.28B
14.31x1.6x8.25x0.83% 61.44B
7.67x1.61x4.28x8.71% 50.14B
19.92x0.8x6.74x1.01% 45.82B
14.23x1.55x9.06x0.86% 35.1B
17.61x1.72x9.35x0.62% 32.05B
18.2x2.28x5.72x3.6% 31.36B
12.04x1.11x6.68x2.47% 22.54B
11.99x0.76x6.24x3.63% 21.97B
16.17x1.23x10.68x1.15% 22.05B
Average 21.56x 1.42x 8.16x 2.35% 33.18B
Weighted average by Cap. 16.51x 1.45x 7.49x 2.6%

Y-o-Y evolution of P/E

Valuation ratios - P/E - China Steel Corporation

Historical PBR trend

Valuation ratios - PBR - China Steel Corporation

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - China Steel Corporation

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - China Steel Corporation


Year-on-year evolution of the Yield

Valuation ratios - Yield - China Steel Corporation
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