Kao Hsiung Chang Iron & Steel Corp
TWSE:2008
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P/FCFE
Price to Free Cash Flow to Equity (P/FCFE) ratio compares a company`s market value to the free cash flow available to its shareholders. It`s similar to the P/OCF ratio but more precise, since it accounts for capital expenditures deducted from operating cash flow.
Price to Free Cash Flow to Equity (P/FCFE) ratio compares a company`s market value to the free cash flow available to its shareholders. It`s similar to the P/OCF ratio but more precise, since it accounts for capital expenditures deducted from operating cash flow.
Valuation Scenarios
If P/FCFE returns to its 3-Year Average (12.7), the stock would be worth NT$12.95 (53% downside from current price).
| Scenario | P/FCFE Value | Implied Price | Upside/Downside |
|---|---|---|---|
| Current Multiple | 27 | NT$27.5 |
0%
|
| 3-Year Average | 12.7 | NT$12.95 |
-53%
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| 5-Year Average | 4.1 | NT$4.18 |
-85%
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| Industry Average | 17.3 | NT$17.61 |
-36%
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| Country Average | 19.4 | NT$19.71 |
-28%
|
Forward P/FCFE
Today’s price vs future free cash flow to equity
Peer Comparison
| Market Cap | P/FCFE | P/E | ||||
|---|---|---|---|---|---|---|
| TW |
|
Kao Hsiung Chang Iron & Steel Corp
TWSE:2008
|
5.2B TWD | 27 | 40.4 | |
| ZA |
K
|
Kumba Iron Ore Ltd
JSE:KIO
|
100.1B ZAR | 6.4 | 6.9 | |
| BR |
|
Vale SA
BOVESPA:VALE3
|
346.5B BRL | 12.5 | 25.2 | |
| US |
|
Nucor Corp
NYSE:NUE
|
51.7B USD | -587.7 | 29.8 | |
| LU |
|
ArcelorMittal SA
AEX:MT
|
37.5B EUR | -351.7 | 15 | |
| AU |
|
Fortescue Metals Group Ltd
ASX:FMG
|
61.6B AUD | 10 | 11.2 | |
| AU |
F
|
Fortescue Ltd
XMUN:FVJ
|
36.9B EUR | 10.1 | 11.4 | |
| US |
|
Steel Dynamics Inc
NASDAQ:STLD
|
33.2B USD | 61.2 | 24.2 | |
| IN |
|
JSW Steel Ltd
NSE:JSWSTEEL
|
3.1T INR | 30.2 | 41.2 | |
| IN |
|
Tata Steel Ltd
NSE:TATASTEEL
|
2.6T INR | 88.4 | 28.7 | |
| KR |
|
Posco Holdings Inc
KRX:005490
|
34.9T KRW | 434.1 | 53.1 |
Market Distribution
| Min | 1.5 |
| 30th Percentile | 12.4 |
| Median | 19.4 |
| 70th Percentile | 33.6 |
| Max | 9 890.8 |
Other Multiples
Kao Hsiung Chang Iron & Steel Corp
Glance View
Kao Hsing Chang Iron & Steel Corp. engages in the manufacture and sale of iron and steel products. The company is headquartered in Kaohsiung, Kaohsiung and currently employs 214 full-time employees. The Company’s products include cold rolled steel products, steel pipes and others. Its cold rolled steel products include cold rolled steel coils, pickled steel coils, cold rolled quenched and tempered steel coils and steel straps. Its steel pipe products include galvanized steel pipes, black steel pipes, American petroleum institute (API) steel pipes, polyethylene (PE) coated steel pipes and submerged arc welding straight seam steel pipes. Other products of the Company include hot rolled steel coils, galvanized steel coils and films, among others. The firm operates businesses in domestic market and overseas markets.
