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China Steel Corp
TWSE:2002

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China Steel Corp
TWSE:2002
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Price: 18.75 TWD Market Closed
Market Cap: NT$295.7B

EV/S

1.5
Current
1%
Cheaper
vs 3-y average of 1.5

Enterprise Value to Sales (EV/S) ratio compares a company`s total enterprise value to its revenue. It shows how much investors are paying for each dollar of the company`s sales, including both equity and debt.

EV/S
1.5
=
Enterprise Value
NT$498.3B
/
Revenue
NT$317.2B

Enterprise Value to Sales (EV/S) ratio compares a company`s total enterprise value to its revenue. It shows how much investors are paying for each dollar of the company`s sales, including both equity and debt.

EV/S
1.5
=
Enterprise Value
NT$498.3B
/
Revenue
NT$317.2B

Valuation Scenarios

China Steel Corp is trading below its 3-year average

If EV/S returns to its 3-Year Average (1.5), the stock would be worth NT$18.85 (1% upside from current price).

Statistics
Positive Scenarios
4/4
Maximum Downside
No Downside Scenarios
Maximum Upside
+39%
Average Upside
10%
Scenario EV/S Value Implied Price Upside/Downside
Current Multiple 1.5 NT$18.75
0%
3-Year Average 1.5 NT$18.85
+1%
5-Year Average 1.5 NT$18.85
+1%
Industry Average 1.5 NT$18.8
+0%
Country Average 2.1 NT$26.08
+39%

Forward EV/S
Today’s price vs future revenue

Today's Enterprise Value Revenue Forward EV/S
NT$498.3B
/
Jan 2026
NT$317.2B
=
1.5
Current
NT$498.3B
/
Dec 2026
NT$334.1B
=
1.5
Forward
NT$498.3B
/
Dec 2027
NT$342.7B
=
1.5
Forward
NT$498.3B
/
Dec 2028
NT$317.3B
=
1.6
Forward

Forward EV/S shows whether today’s EV/S still looks high or low once future revenue are taken into account.

Peer Comparison

All Multiples
EV/S
P/E
All Countries
Close
Market Cap EV/S P/E
TW
China Steel Corp
TWSE:2002
285.8B TWD 1.5 -65.7
ZA
Kumba Iron Ore Ltd
JSE:KIO
98.3B ZAR 1.2 6.7
BR
Vale SA
BOVESPA:VALE3
365B BRL 1.9 26.2
US
Nucor Corp
NYSE:NUE
51.5B USD 1.7 29.7
LU
ArcelorMittal SA
AEX:MT
37.5B EUR 0.8 13.7
AU
Fortescue Metals Group Ltd
ASX:FMG
61.9B AUD 2.7 11.3
AU
Fortescue Ltd
XMUN:FVJ
37.8B EUR 2.7 11.7
IN
JSW Steel Ltd
NSE:JSWSTEEL
3.1T INR 2.2 41.7
US
Steel Dynamics Inc
NASDAQ:STLD
32.8B USD 1.9 23.9
IN
Tata Steel Ltd
NSE:TATASTEEL
2.7T INR 1.5 29.4
KR
Posco Holdings Inc
KRX:005490
35.5T KRW 0.7 53.7
P/E Multiple
Earnings Growth PEG
TW
C
China Steel Corp
TWSE:2002
Average P/E: 24.8
Negative Multiple: -65.7
N/A N/A
ZA
K
Kumba Iron Ore Ltd
JSE:KIO
6.7
-5%
N/A
BR
Vale SA
BOVESPA:VALE3
26.2
47%
0.6
US
Nucor Corp
NYSE:NUE
29.7
25%
1.2
LU
ArcelorMittal SA
AEX:MT
13.7
18%
0.8
AU
Fortescue Metals Group Ltd
ASX:FMG
11.3
-5%
N/A
AU
F
Fortescue Ltd
XMUN:FVJ
11.7
-5%
N/A
IN
JSW Steel Ltd
NSE:JSWSTEEL
41.7
72%
0.6
US
Steel Dynamics Inc
NASDAQ:STLD
23.9
23%
1
IN
Tata Steel Ltd
NSE:TATASTEEL
29.4
82%
0.4
KR
Posco Holdings Inc
KRX:005490
53.7
65%
0.8

Market Distribution

In line with most companies in Taiwan
Percentile
35th
Based on 871 companies
35th percentile
1.5
Low
0 — 1.3
Typical Range
1.3 — 3.6
High
3.6 —
Distribution Statistics
Taiwan
Min 0
30th Percentile 1.3
Median 2.1
70th Percentile 3.6
Max 385 201.6

China Steel Corp
Glance View

Market Cap
295.7B TWD
Industry
Metals & Mining

As dawn breaks over the bustling port of Kaohsiung, Taiwan, the hum of China Steel Corporation's (CSC) operations readily comes to life, propelling the company's pivotal role in weaving the fabric of industrial progress both locally and globally. Founded in 1971, CSC emerged as Taiwan's industrial powerhouse, situated strategically to tap into rapidly expanding Asian markets. With an integrated steel mill layout that optimizes production processes, CSC efficiently transforms raw materials into a vast array of steel products. It’s the backbone of various sectors—construction, automotive, shipbuilding, and home appliances. The business orchestrates a seamless play of precision and scale, utilizing cutting-edge technologies and a diligent workforce to manufacture hot rolled and cold-rolled sheets, bars, rods, and other steel forms that forge infrastructure and sustain daily life. In its business model, CSC maintains a robust interplay between production efficiency and market demand responsiveness. The company thrives on its strategic sourcing of raw materials, primarily through long-term contracts, which stabilizes supply costs and enhances margins. Financial success stems from the strategic sale of steel products across a diversified clientele, leveraging its established reputation and quality consistency. With volatile global steel prices, CSC prudently navigates market challenges by focusing on high-value steel and expanding into environmentally friendly production practices. By investing in research and development, CSC continues to refine its processes, ensuring a sustainable and competitive edge. In this way, China Steel Corporation not only solidifies its standing in the global steel hierarchy but also reinforces Taiwan’s stature as an industrial luminary on the world stage.

Intrinsic Value
18.91 TWD
Undervaluation 1%
Intrinsic Value
Price NT$18.75
C
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