Sheng Yu Steel Co., Ltd. AI Stock Analysis
Sheng Yu Steel Co., Ltd. (2029) AI Stock Analysis
Sheng Yu Steel Co., Ltd.
(TWSE:2029)
Sheng Yu Steel scores modestly above the midpoint. Its greatest strength is financial resilience: an essentially debt-free balance sheet and a sharp recovery in operating and free cash flow sharply limit downside risk in a cyclical industry. This is offset by weak profitability, with revenue down ~6%, net income down ~59%, and return on equity at just 2.4%. Technicals add to the caution, as the price sits below all major moving averages with a negative MACD, although an RSI near 31 suggests the selloff may be nearing exhaustion. Valuation is unremarkable at a 17.3x P/E on depressed earnings, with a 2.9% dividend yield providing some compensation. Overall: low financial risk and solid cash generation, tempered by soft earnings momentum and a weak price trend.
Sheng Yu Steel Co., Ltd. (2029) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- TWD 6.92B
- Dividend Yield
- 2.84%
- Average Volume (3M)
- 323.53K
- Price to Earnings (P/E)
- 17.6
- Beta (1Y)
- 0.19
- Revenue Growth
- -11.60%
- EPS Growth
- 86.76%
- Country
- TW
- Employees
- 640
- Sector
- General
- Sector Strength
- 55
- Industry
- Steel
Sheng Yu Steel Co., Ltd. Business Overview & Revenue Model
Company Description
Sheng Yu Steel Co., Ltd. is a Taiwanese enterprise primarily engaged in the production, processing, and distribution of a diverse range of steel sheets. Their extensive product portfolio includes various galvanized steel options, such as Al-Zn alloy-...
Sheng Yu Steel Co., Ltd. Financial Statement Overview
Summary
A near debt-free balance sheet (debt-to-equity of 0.02, equity funding ~89% of assets) and a strong rebound in cash generation (operating cash flow of ~NT$1.10bn and free cash flow of ~NT$733mn, well above net income) provide a solid foundation. However, profitability is weak: revenue fell about 6% to ~NT$13.3bn, net income dropped roughly 59% to ~NT$239mn, net margin compressed to 1.8% and return on equity to just 2.4%. Improving gross margin signals some operational stability, but earnings power remains well below the 2021 cycle peak and highly exposed to steel pricing cycles.
Income Statement
42NeutralBalance Sheet
88Very PositiveCash Flow
73Positive| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 12.53B | 13.27B | 13.69B | 12.39B | 12.80B | 14.36B |
| Gross Profit | 1.55B | 1.37B | 1.31B | 1.36B | 1.21B | 2.15B |
| EBITDA | 674.98M | 538.68M | 1.04B | 1.05B | 965.80M | 1.89B |
| Net Income | 384.18M | 239.10M | 581.23M | 627.35M | 505.18M | 1.26B |
Balance Sheet | ||||||
| Total Assets | 11.74B | 11.32B | 11.51B | 10.91B | 10.63B | 11.76B |
| Cash, Cash Equivalents and Short-Term Investments | 5.21B | 5.18B | 4.83B | 5.13B | 4.50B | 4.08B |
| Total Debt | 182.65M | 204.37M | 162.26M | 67.99M | 159.47M | 247.18M |
| Total Liabilities | 1.44B | 1.16B | 1.23B | 893.17M | 848.69M | 1.79B |
| Stockholders Equity | 10.20B | 10.08B | 10.21B | 9.95B | 9.72B | 9.90B |
Cash Flow | ||||||
| Free Cash Flow | 501.68M | 732.62M | 29.65M | 1.06B | 1.22B | 43.73M |
| Operating Cash Flow | 847.04M | 1.10B | 397.82M | 1.23B | 1.42B | 210.98M |
| Investing Cash Flow | -1.16B | -499.64M | -1.69B | -214.07M | -571.35M | -157.53M |
| Financing Cash Flow | -433.68M | -368.36M | -320.20M | -421.30M | -871.95M | -125.01M |
Sheng Yu Steel Co., Ltd. Peers Comparison
Overall Rating
TW:161868Neutral
TW:200858Neutral
TW:990558Neutral- TW:202958Neutral
TW:202053Neutral
TW:203049Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| TW:1618 | 68Neutral | TWD 6.89B | 7.09 | ― | 4.93% | -6.86% | 16.98% |
| TW:2008 | 58Neutral | TWD 5.86B | 47.87 | ― | 3.23% | -3.73% | 39.65% |
| TW:9905 | 58Neutral | TWD 6.33B | 12.07 | ― | 5.28% | 21.06% | 36.11% |
| TW:2029 | 58Neutral | TWD 6.74B | 17.65 | ― | 2.84% | -11.60% | 86.76% |
| 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:2030 | 49Neutral | TWD 7.28B | 9.38 | ― | 1.95% | 9.86% | 784.60% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TW:2029 | Sheng Yu Steel Co., Ltd. | 21.15 | 0.80 | 3.93% | |
| TW:1618 | Hold-Key Electric Wire & Cable Co., Ltd | 34.45 | -7.90 | -18.65% | |
| 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:2030 | Froch Enterprise Co., Ltd. | 25.60 | 12.02 | 88.57% | |
| TW:9905 | Great China Metal Industry Co., Ltd. | 20.85 | 1.88 | 9.93% |
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