Kao Hsing Chang Iron & Steel Corporation (2008) AI Stock Analysis

Kao Hsing Chang Iron & Steel Corporation

(TWSE:2008)

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Rating:58Neutral

Price Target:TWD 32.00▲(3.39% Upside)

Action:initiatedcoverage

Date:11/10/26

The score is held back primarily by mixed financial quality, including weak returns and leverage-related risks. Technical conditions are moderately constructive, but the high P/E ratio reduces the overall attractiveness despite the dividend yield.

Positive Factors

Profitability reboundThe substantial 2025 earnings recovery and healthier margins show that the company can convert its steel operations into improved profitability when conditions support it. If maintained, this stronger earnings base can fund operations, reinforce resilience, and support investment over the next several quarters.

Negative Factors

Sharp revenue declineThe pronounced revenue contraction and preceding weak years point to substantial demand and cycle exposure in the company’s steel business. A smaller or less predictable revenue base can reduce operating leverage, make margins harder to sustain, and limit confidence in near-term earnings durability.

Kao Hsing Chang Iron & Steel Corporation (2008) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 5.87B
Dividend Yield: 3.23%
Average Volume (3M): 19.48K
Price to Earnings (P/E): 47.9
Beta (1Y): 0.33
Revenue Growth: -3.73%
EPS Growth: 39.65%
Country: TW
Employees: 222
Sector: General
Sector Strength: 55
Industry: Steel

Kao Hsing Chang Iron & Steel Corporation Business Overview & Revenue Model

Company Description

Kao Hsing Chang Iron & Steel Corp. is a Taiwanese enterprise specializing in the production and distribution of steel pipes, various steel plates, and tinplate products. Its offerings also encompass a diverse range of steel coils, including cold-roll...

Kao Hsing Chang Iron & Steel Corporation Financial Statement Overview

Summary

Improved profitability, margins, leverage, and free cash flow support the score, but revenue and earnings volatility, low return on equity, substantial debt, and limited operating-cash-flow coverage constrain financial strength.

Income Statement

65Positive

Balance Sheet

55Neutral

Cash Flow

58Neutral

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	1.65B	1.82B	1.46B	1.46B	2.22B	1.55B
Gross Profit	273.88M	297.09M	220.83M	201.53M	327.13M	194.57M
EBITDA	250.27M	299.63M	221.75M	558.49M	251.04M	164.98M
Net Income	122.74M	130.02M	48.73M	432.84M	112.18M	42.12M
Balance Sheet
Total Assets	8.74B	8.23B	7.86B	7.54B	7.26B	7.33B
Cash, Cash Equivalents and Short-Term Investments	1.85B	1.53B	1.46B	1.26B	1.22B	1.36B
Total Debt	4.03B	4.15B	3.98B	3.78B	4.08B	3.97B
Total Liabilities	4.62B	4.49B	4.32B	4.09B	4.44B	4.36B
Stockholders Equity	4.12B	3.74B	3.54B	3.45B	2.82B	2.97B
Cash Flow
Free Cash Flow	47.15M	145.77M	167.76M	79.93M	81.42M	-129.36M
Operating Cash Flow	71.26M	174.05M	211.63M	119.57M	124.55M	-108.56M
Investing Cash Flow	85.31M	-282.39M	-378.51M	723.55M	-567.31M	-17.17M
Financing Cash Flow	-151.52M	55.38M	26.44M	-591.49M	97.69M	409.59M

Kao Hsing Chang Iron & Steel Corporation Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:2008 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:2228	62Neutral	TWD 5.39B	17.08	―	6.81%	-2.44%	-43.17%
TW:2029	58Neutral	TWD 6.74B	17.65	―	2.84%	-11.60%	86.76%
TW:9905	58Neutral	TWD 6.33B	12.07	―	5.28%	21.06%	36.11%
TW:2008	58Neutral	TWD 5.86B	47.87	―	3.23%	-3.73%	39.65%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:2020	53Neutral	TWD 5.94B	10.58	―	8.18%	2.35%	1.68%
TW:8374	44Neutral	TWD 6.99B	450.00	―	0.32%	15.67%	-87.91%

* General Sector Average

Performance Comparison

TW:2008 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:2008	Kao Hsing Chang Iron & Steel Corporation	30.95	4.03	14.98%
TW:2020	Mayer Steel Pipe Corporation	22.00	0.51	2.36%
TW:2029	Sheng Yu Steel Co., Ltd.	21.15	0.80	3.93%
TW:2228	Iron Force Industrial Co., Ltd.	66.10	-20.39	-23.57%
TW:8374	Ace Pillar Co. Ltd.	62.90	-18.71	-22.93%
TW:9905	Great China Metal Industry Co., Ltd.	20.85	1.88	9.93%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Nov 10, 2026

Kao Hsing Chang Iron & Steel Corporation AI Stock Analysis