Obermatt

Hsin Kuang Steel

TAI:2031 · TW0002031002
Metals & MiningSmall

360

51
Medium confidence — indicative
EV / EBIT24
Price / Owner Earnings36
Owner Earnings Yield82
Dividend Yield1
Price/Sales36
EV / Gross Profit14
Price/Book25
Return on Capital61
Cash Return on Capital86
Return on Equity86
EBIT Margin72
Gross Profitability28
Cash Conversion54
Accruals71
Owner Earnings Margin90
Sales growth23
Profit Growth88
Long-Term EPS Growth71
Reinvestment69
Price momentum58
Debt load5
Refinancing43
Debt Payback48
Liquidity49
Analyst ratings44
Expectations trend50
Market mood1
Value Creation10/20creating some value
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Hsin Kuang Steel clears its cost of capital, but the record is mixed across the five tests. Real value creation, just not yet consistent.

Profile

CountryTaiwan
IndustryMetals & Mining
SizeSmall
TypePublic Company
ExchangeTWSE
Founded1967
ISINTW0002031002
Last UpdateApr 2, 2026
Index & Theme
LogisticsManufacturingPrecious Metals

Description

Hsin Kuang Steel Company Limited engages in the cutting, stamping, and sale of various steel products. The company engages in the processing, distribution, and trading of steel products, serving as a key supplier within the steel sector. The company…

Analysis

Quality compounder

Hsin Kuang Steel Company Limited is a quality compounder: a well-run business trading at a price that reflects what it is worth.

The price is attractive. You pay 8.1× its owner earnings: the cash an owner could take out each year, which is in the historically attractive zone.

The trajectory is moderate and the balance sheet is stretched. The company scores 10/20 on our value-creation score: creating some value.

What to watch: The financial cushion is thinner than comfortable. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
26
2023202420252026

All-time high

55

Jan 2023

All-time low

20

Jan 2025

Average rank

37

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
36
47
44
52
Price/Earnings
86
21
39
72
Price/Book
25
34
24
41
Dividend Yield
1
61
74
34
Value (overall)
32
27
32
43

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →