TMP Steel Corporation (6248) AI Stock Analysis

TMP Steel Corporation

(TPEx:6248)

Select Model

Rating:44Neutral

Price Target:TWD 16.00▼(-2.44% Downside)

Action:initiatedcoverage

Date:11/10/26

The overall score is low, driven primarily by weak financial performance and bearish technicals. The company's core issue is a deteriorating ability to generate profits and cash flow, despite a healthier balance sheet. The stock is in a clear downtrend across all timeframes. A low P/E and high dividend yield offer some appeal, but the dividend's sustainability is a major risk given the poor cash generation.

Positive Factors

Manageable Balance SheetLeverage has improved materially and remains manageable, while the sizable equity base provides meaningful capitalization relative to assets. This supports financial resilience and preserves flexibility to operate through a steel downcycle, even though debt has recently risen.

Negative Factors

Revenue ContractionThe recent revenue decline signals weaker demand, volumes, or realized pricing after several stronger years. A shrinking top line can reduce operating leverage and make it harder for the company to absorb fixed costs, limiting growth and earnings recovery over the medium term.

TMP Steel Corporation (6248) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 1.57B
Dividend Yield: 7.42%
Average Volume (3M): 78.74K
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

Financial performance is weak. The Income Statement (Score 35) shows declining revenue and compressing margins, the Cash Flow Statement (Score 20) reveals a poor history of cash generation, and while the Balance Sheet (Score 65) is improved, the overall operational deterioration and low-quality earnings significantly drag down the score.

Income Statement

35Negative

Balance Sheet

65Positive

Cash Flow

20Very Negative

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	6.79B	7.68B	9.31B	7.83B	6.63B	4.44B
Gross Profit	433.76M	436.16M	473.96M	481.18M	394.03M	211.37M
EBITDA	297.84M	277.64M	361.13M	363.42M	261.26M	109.27M
Net Income	145.81M	152.46M	230.84M	263.23M	177.13M	58.04M
Balance Sheet
Total Assets	4.50B	4.25B	4.35B	2.90B	2.18B	2.45B
Cash, Cash Equivalents and Short-Term Investments	584.22M	393.26M	367.45M	332.45M	536.13M	365.75M
Total Debt	1.79B	1.48B	1.24B	683.06M	467.74M	864.83M
Total Liabilities	2.27B	1.91B	1.97B	1.45B	1.04B	1.74B
Stockholders Equity	2.24B	2.34B	2.38B	1.45B	1.14B	710.56M
Cash Flow
Free Cash Flow	211.65M	36.34M	-788.25M	-217.49M	286.92M	-310.23M
Operating Cash Flow	303.01M	246.79M	-375.68M	-146.45M	337.58M	-202.60M
Investing Cash Flow	-154.58M	-324.85M	-504.46M	-145.93M	99.56M	-157.27M
Financing Cash Flow	11.46M	73.28M	920.49M	58.36M	-121.10M	438.20M

TMP Steel Corporation Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:6248 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:4581	62Neutral	TWD 1.59B	11.59	―	6.38%	8.55%	-19.58%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:3607	47Neutral	TWD 1.44B	26.17	―	6.56%	-13.01%	―
TW:6248	44Neutral	TWD 1.62B	11.01	―	7.42%	-15.86%	20.11%
TW:5014	40Underperform	TWD 1.72B	-12.06	―	5.38%	8.02%	14.29%
TW:5011	37Underperform	TWD 1.76B	-44.03	―	1.14%	-22.19%	97.25%

* General Sector Average

Performance Comparison

TW:6248 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:6248	TMP Steel Corporation	16.40	-0.92	-5.29%
TW:3607	Coxon Precise Industrial Co., Ltd Class A	12.20	-1.23	-9.15%
TW:4581	World Known MFG (Cayman) Limited	47.05	-2.96	-5.91%
TW:5011	OFCO Industrial Corporation	17.25	7.25	72.50%
TW:5014	Chain Chon Industrial Co., Ltd.	9.29	-0.54	-5.48%
TW:6705	Martas Precision Slide Co. Ltd.	94.40	28.07	42.31%

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

TMP Steel Corporation AI Stock Analysis