Feng Hsin Steel Co. Ltd. (2015) AI Stock Analysis

Feng Hsin Steel Co. Ltd.

(TWSE:2015)

Select Model

Rating:65Neutral

Price Target:TWD 68.00▲(9.32% Upside)

Action:initiatedcoverage

Date:11/10/26

Strong balance sheet within financial performance is the primary positive driver, while weak technical momentum with bearish signals is the main drag; supportive valuation metrics provide additional lift.

Positive Factors

Conservative Balance SheetVery low leverage gives Feng Hsin financial flexibility through steel-cycle downturns and reduces interest and refinancing pressure. Stable equity and healthy returns generated without substantial borrowing support resilience, preserve capital-allocation options, and strengthen the company’s ability to withstand weaker demand.

Negative Factors

Weak Revenue Growth TrendRevenue contraction signals that current demand, volumes, or realized pricing are not providing consistent top-line expansion. For a cyclical steel producer, weaker sales growth can reduce operating leverage and make it harder to sustain profitability, cash generation, and reinvestment across the next several quarters.

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

Strong balance sheet with very low debt-to-equity provides resilience in the cyclical steel sector, offsetting income statement weaknesses from revenue declines and negative TTM EBIT; cash flows remain generally supportive.

Income Statement

58Neutral

Balance Sheet

89Very Positive

Cash Flow

71Positive

Financial statement breakdown
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

UnderperformOutperform

Sector (55)

Financial Indicators

TW:2015 against its peers
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	65Neutral	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

TW:2015 and its peers over the selected period
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%

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 09, 2026

Feng Hsin Steel Co. Ltd. AI Stock Analysis