Feng Hsin Steel Co. Ltd. AI Stock Analysis
Feng Hsin Steel Co. Ltd. (2015) AI Stock Analysis
Feng Hsin Steel Co. Ltd.
(TWSE:2015)
Feng Hsin Steel scores well on financial strength: an almost debt-free balance sheet, equity funding ~88% of assets, consistent profitability and reliable free cash flow make it a low-risk cyclical. Valuation support is strong, with a 5.2% dividend yield and a moderate 14.9x P/E. These positives are tempered by a three-year revenue decline and the absence of a growth catalyst, as earnings depend on margin discipline rather than demand expansion. Technicals are the main drag — the price sits below all key moving averages with a negative MACD and weak stochastic reading, pointing to near-term downside pressure. The result is a solid, income-style holding rather than a momentum opportunity.
Feng Hsin Steel Co. Ltd. (2015) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- TWD 36.47B
- Dividend Yield
- 5.31%
- Average Volume (3M)
- 196.98K
- Price to Earnings (P/E)
- 14.7
- Beta (1Y)
- 0.18
- Revenue Growth
- -11.85%
- EPS Growth
- 4.31%
- Country
- TW
- Employees
- 993
- Sector
- General
- Sector Strength
- 55
- Industry
- Steel
Feng Hsin Steel Co. Ltd. Business Overview & Revenue Model
Company Description
Feng Hsin Steel Co., Ltd., established in 1969 with its headquarters in Taichung, Taiwan, operates as a significant manufacturer and supplier of steel products throughout Taiwan. The company's comprehensive product line includes various steel bars su...
Feng Hsin Steel Co. Ltd. Financial Statement Overview
Summary
A fortress balance sheet (score 88) is the standout: equity funds roughly 88% of assets, total debt is only about NT$1.05 billion for a debt-to-equity near 0.05, and leverage continues to fall — giving ample capacity to ride out the steel cycle and sustain dividends. Cash flow (73) is healthy, with operating cash flow of about NT$3.46 billion covering net income ~1.4x and consistently positive free cash flow, though inflows are choppy and partly working-capital driven. The income statement (63) is the weak link: revenue has contracted for three straight years to roughly NT$27.5 billion TTM, and profits remain well below the 2021 peak, though steady gross margin expansion to 11.9% and net margin of 8.9% show solid cost and spread management.
Income Statement
63PositiveBalance Sheet
88Very PositiveCash Flow
73Positive| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 27.45B | 29.04B | 34.38B | 34.88B | 38.60B | 38.36B |
| Gross Profit | 3.27B | 3.24B | 3.65B | 3.56B | 4.18B | 5.65B |
| EBITDA | 3.72B | 3.68B | 4.10B | 3.99B | 5.07B | 5.94B |
| Net Income | 2.45B | 2.25B | 2.48B | 2.38B | 3.07B | 4.03B |
Balance Sheet | ||||||
| Total Assets | 25.81B | 25.84B | 26.69B | 27.05B | 25.65B | 26.87B |
| Cash, Cash Equivalents and Short-Term Investments | 2.77B | 3.31B | 1.75B | 2.12B | 2.78B | 3.15B |
| Total Debt | 1.05B | 1.00B | 1.75B | 2.37B | 1.21B | 1.07B |
| Total Liabilities | 3.20B | 3.23B | 4.43B | 5.12B | 3.87B | 4.77B |
| Stockholders Equity | 22.60B | 22.60B | 22.26B | 21.93B | 21.79B | 22.10B |
Cash Flow | ||||||
| Free Cash Flow | 2.34B | 4.28B | 2.48B | 430.19M | 2.81B | 444.50M |
| Operating Cash Flow | 3.46B | 5.35B | 3.70B | 1.96B | 4.20B | 1.11B |
| Investing Cash Flow | -1.34B | -722.75M | -461.62M | -978.44M | -1.15B | -586.21M |
| Financing Cash Flow | -1.72B | -2.82B | -3.06B | -1.29B | -2.97B | -1.48B |
Feng Hsin Steel Co. Ltd. Peers Comparison
Overall Rating
TW:221173Outperform
TW:250472Outperform
TW:990769Neutral- TW:201569Neutral
TW:160947Neutral
TW:202343Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| TW:2211 | 73Outperform | TWD 31.31B | 10.47 | ― | 8.42% | 5.27% | -13.78% |
| TW:2504 | 72Outperform | TWD 35.89B | 9.98 | ― | 8.43% | -5.45% | -5.22% |
| TW:9907 | 69Neutral | TWD 21.63B | 21.09 | ― | 8.46% | -11.46% | -52.40% |
| TW:2015 | 69Neutral | TWD 36.12B | 14.74 | ― | 5.31% | -11.85% | 4.31% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| TW:1609 | 47Neutral | TWD 25.02B | 12.21 | ― | 2.17% | 16.53% | 42.90% |
| TW:2023 | 43Neutral | TWD 26.23B | -9.53 | ― | ― | -9.27% | 9.28% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TW:2015 | Feng Hsin Steel Co. Ltd. | 62.20 | 1.40 | 2.30% | |
| TW:1609 | Ta Ya Electric Wire & Cable Co., Ltd. | 32.20 | -8.94 | -21.73% | |
| TW:2023 | Yieh Phui Enterprise Co., Ltd. | 14.10 | -0.75 | -5.05% | |
| TW:2211 | Evergreen Steel Corporation | 77.20 | -27.54 | -26.29% | |
| TW:2504 | Goldsun Building Materials Co., Ltd. | 30.85 | -2.71 | -8.07% | |
| TW:9907 | Ton Yi Industrial Corp. | 13.95 | -3.20 | -18.64% |
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 09, 2026