Chia Yi Steel Co., Ltd. (2067) AI Stock Analysis

Chia Yi Steel Co., Ltd.

(TPEx:2067)

Select Model

Rating:38Underperform

Price Target:TWD 4.00▼(-6.98% Downside)

Action:initiatedcoverage

Date:11/10/26

The overall score of 38 reflects a company in severe financial distress with a uniformly negative outlook. The most significant factor is the fundamental breakdown of the business, evidenced by cash-burning operations, collapsing margins, and a dangerously over-leveraged balance sheet. This is compounded by a bearish technical trend with the stock in a deep downtrend and no valuation support due to sustained unprofitability.

Positive Factors

End-Market ReachThe company serves both industrial and construction-related steel demand, giving its product base exposure to two established end-use areas. This operating scope can support customer diversification and preserve a platform for recovery when steel demand and margins improve.

Negative Factors

Revenue and Profitability DeteriorationThe sharp 2025 revenue decline, combined with a roughly -12.4% net margin and negative operating results, signals a materially smaller and less profitable business. Persistent top-line and earnings pressure can impair reinvestment and make recovery dependent on external improvement.

Chia Yi Steel Co., Ltd. (2067) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 145.59M
Dividend Yield: ―
Average Volume (3M): 36.10K
Price to Earnings (P/E): -1.5
Beta (1Y): 0.50
Revenue Growth: -7.67%
EPS Growth: -6.95%
Country: TW
Employees: 410
Sector: General
Sector Strength: 55
Industry: Manufacturing - Metal Fabrication

Chia Yi Steel Co., Ltd. Business Overview & Revenue Model

Company Description

Established in 1974 and headquartered in Chiayi, Taiwan, Chia Yi Steel Co., Ltd. operates as a leading producer and distributor of cast components. While primarily catering to the automotive parts industry, its reach extends globally, serving markets...

Chia Yi Steel Co., Ltd. Financial Statement Overview

Summary

Financial health is critically weak. The income statement shows persistent revenue declines and deeply negative margins, with an EBIT margin of -12.6%. The balance sheet is dangerously leveraged with a debt-to-equity ratio of 4.8x and a rapidly shrinking equity base. Cash flow is a consistent drain, with negative operating cash flow for three years, indicating the core business is not self-sustaining.

Income Statement

8Very Negative

Balance Sheet

5Very Negative

Cash Flow

10Very Negative

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	962.35M	1.02B	1.01B	1.16B	1.24B	985.47M
Gross Profit	24.59M	39.61M	46.24M	131.82M	143.54M	158.57M
EBITDA	-49.56M	-30.35M	-4.88M	114.65M	39.84M	59.05M
Net Income	-135.86M	-126.53M	-123.48M	-34.43M	-27.85M	-10.85M
Balance Sheet
Total Assets	1.93B	1.94B	1.87B	1.83B	1.98B	1.84B
Cash, Cash Equivalents and Short-Term Investments	84.49M	84.99M	98.47M	87.60M	125.18M	157.54M
Total Debt	1.30B	1.25B	1.20B	1.04B	1.09B	1.04B
Total Liabilities	1.71B	1.64B	1.58B	1.42B	1.52B	1.33B
Stockholders Equity	192.29M	261.50M	237.09M	351.43M	388.83M	411.19M
Cash Flow
Free Cash Flow	-62.21M	-59.46M	-76.55M	-69.51M	-98.94M	-192.03M
Operating Cash Flow	-39.81M	-34.46M	-34.04M	-4.04M	7.37M	51.21M
Investing Cash Flow	-82.63M	-32.94M	-75.88M	-81.89M	-51.47M	-267.55M
Financing Cash Flow	30.43M	54.41M	103.36M	45.98M	37.47M	221.90M

Chia Yi Steel Co., Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:2067 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:8291	40Underperform	TWD 455.31M	-14.10	―	―	91.38%	39.10%
TW:2067	38Underperform	TWD 142.20M	-1.49	―	―	-7.67%	-6.95%
TW:3095	32Underperform	TWD 469.03M	13.22	―	―	16.77%	―

* General Sector Average

Performance Comparison

TW:2067 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:2067	Chia Yi Steel Co., Ltd.	4.30	-10.50	-70.94%
TW:3095	Taiwan Chi Cheng Enterprise Co., Ltd.	32.00	4.70	17.22%
TW:3117	Tecstar Technology Co., Ltd.	20.15	13.85	219.84%
TW:4553	ALFOT Technologies Co., Ltd.	14.10	-3.55	-20.11%
TW:6972	Protrade Applied Materials Corp.	22.60	-1.40	-5.83%
TW:8291	ShineMore Technology Materials Co., Ltd.	25.10	8.00	46.78%

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

Chia Yi Steel Co., Ltd. AI Stock Analysis