TMP Steel Corporation AI Stock Analysis
TMP Steel Corporation (6248) AI Stock Analysis
TMP Steel Corporation
(TPEx:6248)
TMP Steel scores below average, driven primarily by deteriorating fundamentals: shrinking revenue, a roughly one-third drop in net profit, razor-thin commodity margins and return on equity falling to 6.5% while debt increased. Technicals compound the caution, with the stock trading below all major moving averages and a negative MACD pointing to an ongoing downtrend. Partially offsetting these risks are a solid, de-levered balance sheet where equity funds over half of assets, the 2025 return to positive operating and free cash flow, and an attractive valuation combining a 12.2x P/E with a 7.5% dividend yield. The result is a financially stable but low-margin, cycle-exposed business whose earnings momentum is currently moving in the wrong direction.
TMP Steel Corporation (6248) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- TWD 1.56B
- Dividend Yield
- 7.49%
- Average Volume (3M)
- 79.37K
- Price to Earnings (P/E)
- 11.0
- Beta (1Y)
- 0.35
- Revenue Growth
- -15.86%
- EPS Growth
- 20.11%
- Country
- TW
- Employees
- 71
- Sector
- General
- Sector Strength
- 55
- Industry
- Steel
TMP Steel Corporation Business Overview & Revenue Model
Company Description
TMP Steel Corporation, based in Taipei City, Taiwan, is a leading producer and supplier of iron and steel products for the construction industry. The company specializes in manufacturing and distributing steel reinforcing bars, which are essential fo...
TMP Steel Corporation Financial Statement Overview
Summary
Blending the Income Statement (41), Balance Sheet (58) and Cash Flow (42) scores produces a below-average result. Revenue fell from a 2024 peak of NT$9.3bn to NT$7.7bn in 2025 and net income dropped roughly a third to NT$152m, on razor-thin margins (5.7% gross, 2.3% operating, 2.0% net). Return on equity has eroded from 18.2% in 2023 to 6.5% in 2025, and borrowings rose about 20% to NT$1.48bn, nudging leverage back up to 0.63x. Offsetting these concerns, the balance sheet is the strongest pillar — equity now funds roughly 55% of assets and leverage is well below 2020 levels — and 2025 saw a welcome swing back to positive operating (NT$247m) and free cash flow (NT$36m) after two years of cash burn, though free cash flow remains thin at about 15% of profit.
Income Statement
41NeutralBalance Sheet
58NeutralCash Flow
42Neutral| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 6.74B | 7.68B | 9.31B | 7.83B | 6.63B | 4.44B |
| Gross Profit | 411.32M | 436.16M | 473.96M | 481.18M | 394.03M | 211.37M |
| EBITDA | 262.28M | 277.64M | 361.13M | 363.42M | 261.26M | 109.27M |
| Net Income | 131.06M | 152.46M | 230.84M | 263.23M | 177.13M | 58.04M |
Balance Sheet | ||||||
| Total Assets | 4.03B | 4.25B | 4.35B | 2.90B | 2.18B | 2.45B |
| Cash, Cash Equivalents and Short-Term Investments | 379.75M | 393.26M | 367.45M | 332.45M | 536.13M | 365.75M |
| Total Debt | 1.23B | 1.48B | 1.24B | 683.06M | 467.74M | 864.83M |
| Total Liabilities | 1.84B | 1.91B | 1.97B | 1.45B | 1.04B | 1.74B |
| Stockholders Equity | 2.18B | 2.34B | 2.38B | 1.45B | 1.14B | 710.56M |
Cash Flow | ||||||
| Free Cash Flow | 677.19M | 36.34M | -788.25M | -217.49M | 286.92M | -310.23M |
| Operating Cash Flow | 796.65M | 246.79M | -375.68M | -146.45M | 337.58M | -202.60M |
| Investing Cash Flow | -83.90M | -324.85M | -504.46M | -145.93M | 99.56M | -157.27M |
| Financing Cash Flow | -629.37M | 73.28M | 920.49M | 58.36M | -121.10M | 438.20M |
TMP Steel Corporation Peers Comparison
Overall Rating
TW:458162Neutral- TW:624849Neutral
TW:360747Neutral
TW:501440Underperform
TW:501137Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| TW:4581 | 62Neutral | TWD 1.61B | 11.55 | ― | 6.40% | 8.55% | -19.58% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| TW:6248 | 49Neutral | TWD 1.62B | 11.01 | ― | 7.49% | -15.86% | 20.11% |
| TW:3607 | 47Neutral | TWD 1.46B | 26.17 | ― | 6.61% | -13.01% | ― |
| TW:5014 | 40Underperform | TWD 1.67B | -12.18 | ― | 5.33% | 8.02% | 14.29% |
| TW:5011 | 37Underperform | TWD 1.76B | -45.69 | ― | 1.14% | -8.66% | 79.34% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TW:6248 | TMP Steel Corporation | 16.25 | -1.49 | -8.38% | |
| TW:3607 | Coxon Precise Industrial Co., Ltd Class A | 12.10 | 0.29 | 2.46% | |
| TW:4581 | World Known MFG (Cayman) Limited | 46.90 | -3.77 | -7.43% | |
| TW:5011 | OFCO Industrial Corporation | 17.50 | 6.70 | 62.04% | |
| TW:5014 | Chain Chon Industrial Co., Ltd. | 9.38 | -0.59 | -5.94% | |
| TW:6705 | Martas Precision Slide Co. Ltd. | 93.80 | 24.25 | 34.86% |
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