TUNG HO STEEL ENTERPRISE CORPORATION Financials Tung Ho Steel Enterprise Corporation LUXEMBOURG S.E.
Equities
TNGHS
US8997322008
Iron & Steel
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 21.4 USD | -0.93% |
|
+0.94% | -6.96% |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Capitalization 1 | 23,093 | 37,113 | 48,997 | 38,482 | 51,626 | 50,531 | - |
| Enterprise Value (EV) 1 | 23,093 | 41,204 | 63,471 | 38,482 | 65,390 | 55,117 | 53,737 |
| P/E ratio | - | 11.2 x | 11.3 x | 9.67 x | 10.9 x | 11.1 x | 12.4 x |
| Yield | - | 4.11% | 9.54% | - | 5.94% | 5.78% | 5.61% |
| Capitalization / Revenue | 0.51 x | 0.87 x | 0.83 x | 0.64 x | 0.85 x | 0.82 x | 0.85 x |
| EV / Revenue | 0.51 x | 0.96 x | 1.08 x | 0.64 x | 1.07 x | 0.89 x | 0.9 x |
| EV / EBITDA | 6.07 x | 6.8 x | 7.3 x | 5.67 x | 8.6 x | 7.24 x | 7.46 x |
| EV / FCF | - | 4.58 x | -38.6 x | - | 16.6 x | 5.66 x | 12.4 x |
| FCF Yield | - | 21.8% | -2.59% | - | 6.02% | 17.7% | 8.06% |
| Price to Book | 0.95 x | 1.34 x | 2.25 x | - | 1.66 x | 1.56 x | 1.5 x |
| Nbr of stocks (in thousands) | 672,721 | 681,249 | 730,214 | 730,214 | 730,214 | 730,214 | - |
| Reference price 2 | 34.33 | 54.48 | 67.10 | 52.70 | 70.70 | 69.20 | 69.20 |
| Announcement Date | 20-02-26 | 21-03-23 | 22-03-10 | 23-02-23 | 24-02-27 | - | - |
1TWD in Million2TWD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | 44,864 | 42,866 | 58,795 | 59,972 | 60,962 | 61,738 | 59,576 |
| EBITDA 1 | 3,802 | 6,062 | 8,690 | 6,792 | 7,602 | 7,614 | 7,202 |
| EBIT 1 | 2,107 | 4,421 | 7,060 | 5,187 | 5,999 | 5,899 | 5,228 |
| Operating Margin | 4.7% | 10.31% | 12.01% | 8.65% | 9.84% | 9.55% | 8.78% |
| Earnings before Tax (EBT) 1 | - | 4,490 | 7,351 | 5,320 | 6,002 | 5,882 | 5,278 |
| Net income 1 | - | 3,562 | 5,906 | 3,994 | 4,729 | 4,548 | 4,086 |
| Net margin | - | 8.31% | 10.05% | 6.66% | 7.76% | 7.37% | 6.86% |
| EPS 2 | - | 4.881 | 5.920 | 5.450 | 6.460 | 6.230 | 5.600 |
| Free Cash Flow 1 | - | 8,999 | -1,643 | - | 3,939 | 9,744 | 4,331 |
| FCF margin | - | 20.99% | -2.79% | - | 6.46% | 15.78% | 7.27% |
| FCF Conversion (EBITDA) | - | 148.45% | - | - | 51.81% | 127.97% | 60.14% |
| FCF Conversion (Net income) | - | 252.64% | - | - | 83.28% | 214.25% | 105.98% |
| Dividend per Share 2 | - | 2.239 | 6.400 | - | 4.200 | 4.000 | 3.880 |
| Announcement Date | 20-02-26 | 21-03-23 | 22-03-10 | 23-02-23 | 24-02-27 | - | - |
1TWD in Million2TWD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 16,527 | 15,195 | 16,226 | 14,501 | 14,049 | 13,622 | 15,814 | 15,379 | 16,510 | 14,846 | 15,528 | 14,916 | 16,442 | 14,567 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 1,824 | 1,465 | 1,732 | 704.2 | 1,285 | 1,463 | 1,401 | 1,494 | 1,678 | 1,406 | 1,536 | 1,332 | 1,564 | 1,124 |
| Operating Margin | 11.04% | 9.64% | 10.68% | 4.86% | 9.14% | 10.74% | 8.86% | 9.72% | 10.16% | 9.47% | 9.89% | 8.93% | 9.51% | 7.72% |
| Earnings before Tax (EBT) 1 | 1,846 | 1,596 | 1,765 | 717.3 | 1,242 | 1,416 | 1,469 | 1,487 | 1,671 | 1,406 | 1,513 | 1,416 | 1,473 | 1,175 |
| Net income 1 | 1,523 | 1,285 | 1,335 | 542.5 | 831.9 | 1,135 | 1,087 | 1,173 | 1,344 | 1,098 | 1,150 | 1,062 | 1,156 | 926 |
| Net margin | 9.21% | 8.46% | 8.23% | 3.74% | 5.92% | 8.33% | 6.87% | 7.63% | 8.14% | 7.4% | 7.41% | 7.12% | 7.03% | 6.36% |
| EPS 2 | 1.890 | 1.750 | 1.820 | 0.7400 | 1.140 | 1.550 | 1.490 | 1.590 | 1.840 | 1.500 | 1.720 | 1.440 | 1.640 | 1.270 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 22-03-10 | 22-05-05 | 22-08-04 | 22-11-07 | 23-02-23 | 23-05-09 | 23-07-31 | 23-10-30 | 24-02-27 | 24-04-30 | - | - | - | - |
1TWD in Million2TWD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | 4,091 | 14,474 | - | 13,764 | 4,586 | 3,206 |
| Net Cash position 1 | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | 0.6749 x | 1.666 x | - | 1.811 x | 0.6023 x | 0.4452 x |
| Free Cash Flow 1 | - | 8,999 | -1,643 | - | 3,939 | 9,744 | 4,331 |
| ROE (net income / shareholders' equity) | 6.51% | 13.8% | 20.7% | - | 15.8% | 14.1% | 12% |
| ROA (Net income/ Total Assets) | 3.25% | 7.73% | 11.8% | - | 8.51% | 7.7% | 6.57% |
| Assets 1 | - | 46,056 | 49,912 | - | 55,573 | 59,065 | 62,247 |
| Book Value Per Share 2 | 36.00 | 40.50 | 29.80 | - | 42.50 | 44.50 | 46.30 |
| Cash Flow per Share | - | - | - | - | - | - | - |
| Capex 1 | 711 | 331 | 591 | - | 683 | 1,413 | 999 |
| Capex / Sales | 1.58% | 0.77% | 1% | - | 1.12% | 2.29% | 1.68% |
| Announcement Date | 20-02-26 | 21-03-23 | 22-03-10 | 23-02-23 | 24-02-27 | - | - |
1TWD in Million2TWD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
4
Last Close Price
69.2
TWD
Average target price
78.5
TWD
Spread / Average Target
+13.44%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +6.29% | 27.24B | |
| +10.96% | 19.67B | |
| +44.00% | 13.15B | |
| -12.59% | 11.12B | |
| +0.64% | 9.82B | |
| +41.41% | 9.76B | |
| -4.11% | 8.75B | |
| +38.28% | 7.79B | |
| -13.52% | 7.21B |
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