Chun Yuan Steel Industry Co., Ltd. (2010) AI Stock Analysis

Chun Yuan Steel Industry Co., Ltd.

(TWSE:2010)

Select Model

Rating:72Outperform

Price Target:TWD 25.00▲(8.70% Upside)

Action:initiatedcoverage

Date:11/10/26

The overall score of 72 reflects a company with strong financial fundamentals and an attractive valuation, offset by neutral technical momentum. The most significant positive factors are the low P/E ratio and high dividend yield, supported by robust margin improvements and a conservative balance sheet. The primary risk is the recent stall in revenue growth and cash flow volatility, which is reflected in the cautious technical outlook.

Positive Factors

Improved ProfitabilityThe substantial expansion in net margin and net income indicates stronger earnings power than in earlier years. If maintained through the steel cycle, improved operating profitability can support reinvestment, strengthen resilience during weaker pricing periods, and enhance shareholder returns.

Negative Factors

Revenue VolatilityRepeated changes in revenue demonstrate that Chun Yuan's top line remains exposed to the cyclical nature of steel demand and pricing. Such volatility can make capacity planning and earnings forecasting less predictable, limiting the consistency of future profit growth.

Chun Yuan Steel Industry Co., Ltd. (2010) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 14.90B
Dividend Yield: 8.70%
Average Volume (3M): 988.69K
Price to Earnings (P/E): 8.6
Beta (1Y): 0.17
Revenue Growth: 1.76%
EPS Growth: 20.48%
Country: TW
Employees: 24,196
Sector: General
Sector Strength: 55
Industry: Steel

Chun Yuan Steel Industry Co., Ltd. Business Overview & Revenue Model

Company Description

Chun Yuan Steel Industry Co., Ltd. manufactures, processes, and trades steel plates, silicon steel sheets, container components, special steel, and H-beams, and undertakes construction of steel structure projects in Taiwan, Asia, America, and Europe....

Chun Yuan Steel Industry Co., Ltd. Financial Statement Overview

Summary

Financial performance is solid, driven by significant margin expansion and a healthier balance sheet. Net profit margin nearly doubled to 6.2% TTM and debt-to-equity improved to 0.43. The score is tempered by inconsistent revenue growth and volatile cash flows, with TTM revenue declining -1.6%.

Income Statement

72Positive

Balance Sheet

78Positive

Cash Flow

65Positive

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	25.11B	24.19B	24.01B	21.19B	24.50B	26.32B
Gross Profit	2.79B	2.62B	2.07B	1.76B	1.50B	2.37B
EBITDA	2.20B	2.05B	1.70B	1.51B	1.18B	1.91B
Net Income	1.63B	1.51B	1.07B	875.79M	613.22M	1.22B
Balance Sheet
Total Assets	23.67B	24.22B	22.35B	20.30B	20.79B	23.14B
Cash, Cash Equivalents and Short-Term Investments	1.53B	1.13B	937.58M	786.30M	1.30B	1.35B
Total Debt	4.17B	5.51B	5.23B	5.18B	6.34B	7.86B
Total Liabilities	10.73B	10.93B	9.70B	8.24B	9.22B	11.29B
Stockholders Equity	12.54B	12.91B	12.26B	11.69B	11.21B	11.32B
Cash Flow
Free Cash Flow	3.21B	1.04B	541.58M	1.57B	2.32B	-2.90B
Operating Cash Flow	3.85B	1.98B	1.04B	2.24B	2.59B	-2.37B
Investing Cash Flow	-637.55M	-1.33B	-559.43M	-1.00B	79.14M	-466.76M
Financing Cash Flow	-2.99B	-597.21M	-450.32M	-1.78B	-2.28B	3.00B

Chun Yuan Steel Industry Co., Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:2010 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:6581	76Outperform	TWD 12.07B	13.28	―	4.91%	5.53%	19.55%
TW:5007	73Outperform	TWD 16.46B	15.49	―	5.37%	0.29%	31.68%
TW:2010	72Outperform	TWD 14.96B	8.58	―	8.70%	1.76%	20.48%
TW:9930	69Neutral	TWD 14.27B	13.27	―	6.97%	-2.13%	-14.04%
TW:2031	58Neutral	TWD 14.26B	6.15	―	5.63%	1.16%	198.59%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:5009	49Neutral	TWD 17.89B	12.62	―	3.93%	2.95%	34.37%

* General Sector Average

Performance Comparison

TW:2010 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:2010	Chun Yuan Steel Industry Co., Ltd.	23.00	4.55	24.67%
TW:2031	Hsin Kuang Steel Co., Ltd.	44.40	9.19	26.11%
TW:5007	San Shing Fastech Corp.	55.90	7.34	15.12%
TW:5009	Gloria Material Technology Corp	30.55	0.33	1.11%
TW:6581	Taiwan Steel Union Co., Ltd.	108.00	4.18	4.03%
TW:9930	CHC Resources Corporation	57.40	-8.32	-12.66%

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

Chun Yuan Steel Industry Co., Ltd. AI Stock Analysis