Quintain Steel Co., Ltd (2017) AI Stock Analysis

Quintain Steel Co., Ltd

(TWSE:2017)

Select Model

Rating:37Underperform

Price Target:TWD 7.50▼(-6.48% Downside)

Action:initiatedcoverage

Date:11/10/26

The stock scores at the absolute minimum, reflecting a severe and broad-based deterioration across all relevant factors. The most significant risk is the company's fundamental financial weakness, as it is unprofitable, burning cash from operations, and increasing leverage. This is compounded by a deeply bearish technical trend with the stock in a strong downtrend and oversold conditions. The negative P/E ratio further confirms the lack of earnings power. The company is in a critical state with no positive catalysts evident.

Positive Factors

Meaningful Equity BaseA meaningful equity base provides a buffer against operating volatility and potential asset pressure, giving the company more resilience than a thinly capitalized steel producer. This support can help preserve strategic flexibility through cyclical downturns, even though leverage has recently increased.

Negative Factors

Declining Revenue and LossesThe latest deterioration in revenue and profitability points to fragile earnings power and meaningful sensitivity to industry conditions. A renewed loss reduces internally generated capital, limits the ability to absorb further weakness, and makes sustainable shareholder value creation harder over the coming quarters.

Quintain Steel Co., Ltd (2017) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 3.42B
Dividend Yield: ―
Average Volume (3M): 548.28K
Price to Earnings (P/E): -10.3
Beta (1Y): 0.43
Revenue Growth: -12.62%
EPS Growth: -97.66%
Country: TW
Employees: 698
Sector: General
Sector Strength: 55
Industry: Steel

Quintain Steel Co., Ltd Business Overview & Revenue Model

Company Description

Quintain Steel Co., LTD. is a Taiwan-based manufacturer and global supplier of diverse wire products, with a core focus on galvanized wires. Its comprehensive product portfolio encompasses various wire types, including hot-rolled wire rods, deformed...

Quintain Steel Co., Ltd Financial Statement Overview

Summary

Financial health is critically weak. The company is unprofitable with a near-zero gross margin, has reported negative operating cash flow for two consecutive years, and is increasingly leveraged with a rising debt-to-equity ratio of 1.45. The core business is burning cash, indicating an unsustainable trajectory.

Income Statement

18Very Negative

Balance Sheet

35Negative

Cash Flow

15Very Negative

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	2.72B	2.73B	3.28B	3.03B	3.56B	4.04B
Gross Profit	-12.66M	11.98M	175.84M	-49.49M	659.35M	915.48M
EBITDA	-73.03M	94.16M	411.83M	-124.30M	666.76M	955.17M
Net Income	-334.81M	-239.44M	119.48M	-258.76M	239.98M	647.84M
Balance Sheet
Total Assets	17.12B	13.65B	13.24B	11.05B	10.63B	11.32B
Cash, Cash Equivalents and Short-Term Investments	4.65B	2.37B	2.66B	1.42B	989.77M	1.56B
Total Debt	8.28B	6.85B	5.81B	3.96B	4.39B	4.63B
Total Liabilities	8.66B	7.22B	6.24B	4.43B	4.88B	5.16B
Stockholders Equity	6.47B	4.74B	5.17B	5.33B	4.48B	4.91B
Cash Flow
Free Cash Flow	-2.31B	-1.14B	-1.35B	330.95M	838.77M	-605.71M
Operating Cash Flow	-414.09M	-95.16M	-313.15M	538.14M	1.06B	-265.32M
Investing Cash Flow	-1.75B	-995.01M	-1.62B	-196.29M	-458.01M	-505.09M
Financing Cash Flow	2.21B	861.64M	2.10B	-389.70M	-437.31M	709.61M

Quintain Steel Co., Ltd Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:2017 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:2062	52Neutral	TWD 3.41B	36.52	―	5.80%	7.34%	-34.07%
TW:1617	46Neutral	TWD 3.31B	15.26	―	2.89%	11.94%	―
TW:3631	42Neutral	TWD 3.24B	-59.05	―	―	-46.72%	16.78%
TW:2061	41Neutral	TWD 3.41B	54.33	―	―	3.28%	―
TW:2007	40Underperform	TWD 3.37B	-3.04	―	―	-33.21%	-2.07%
TW:2017	37Underperform	TWD 3.44B	-10.28	―	―	-12.62%	-97.66%

* General Sector Average

Performance Comparison

TW:2017 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:2017	Quintain Steel Co., Ltd	8.02	-0.89	-9.99%
TW:1617	Jung Shing Wire Co., Ltd.	20.75	5.93	39.99%
TW:2007	Yieh Hsing Enterprise Co., Ltd.	6.33	-0.82	-11.47%
TW:2061	Feng Ching Metal Corporation	61.20	42.30	223.81%
TW:2062	Sunspring Metal Corporation	17.25	-2.06	-10.66%
TW:3631	Chernan Metal Industrial Corp.	39.50	16.55	72.11%

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

Quintain Steel Co., Ltd AI Stock Analysis