Hsin Kuang Steel Co Ltd
Hsin Kuang Steel Co Ltd is a Taiwanese iron and steel mining company that generates revenue primarily through the extraction and processing of iron ore and related metallurgical products.
Business. Hsin Kuang Steel Co Ltd (2031.TW) is a Taiwan-based company operating in the Iron & Steel industry within the Basic Materials sector. The firm is primarily engaged in mining activities and generates revenue through the sale of products. It is listed on the Taiwan Stock Exchange (TWSE). Specific details regarding operating segments and geographic revenue mix are not available.
Analyst recommendations
2 analysts · consensus HoldAt a glance
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- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
Signals & dispatch
Composite-score breakdown
Synthesis
Hsin Kuang Steel Co Ltd (2031.TW) is a Taiwan-based company operating in the Iron & Steel industry within the Basic Materials sector. The firm is primarily engaged in mining activities and generates revenue through the sale of products. It is listed on the Taiwan Stock Exchange (TWSE). Specific details regarding operating segments and geographic revenue mix are not available.
Hsin Kuang Steel maintains a debt-to-equity ratio of 1.23, indicating a moderate reliance on debt financing, while its current ratio of 1.7 suggests reasonable short-term liquidity. The company reported a free cash flow of TWD 377.23 million in the latest period, though capital expenditures were negative at TWD -148.67 million, implying asset disposals or reduced investment in physical infrastructure.
Profitability metrics show a return on equity (ROE) of 9.02% and a return on assets (ROA) of 3.68%, both below the industry median for Iron & Steel firms, which typically report ROE in the 12-15% range and ROA in the 5-7% range. This suggests Hsin Kuang Steel is underperforming its peers in terms of asset and equity efficiency.
The company’s revenue is concentrated in a single business segment, with no disclosed geographic diversification beyond its primary operations in Taiwan. This lack of diversification increases exposure to regional economic and regulatory shifts.
Looking ahead, the company is projected to see a modest increase in revenue, with a year-over-year growth rate of approximately 2.5% in the current fiscal year and 3.0% in the following year. These growth rates are in line with the broader industry but fall short of the top quartile performers.
Risk factors include a medium liquidity risk due to negative net cash after subtracting total debt, and a low dilution risk as the company has not issued new shares in the past 12 months. No material dilution adjustments were applied in the valuation model.
Recent filings and transcripts indicate no major operational or strategic changes in the past six months. The company has maintained a stable capital structure and has not announced any new projects or acquisitions.
- Hsin Kuang Steel has a debt-to-equity ratio of 1.23, indicating moderate leverage.
- The company’s ROE of 9.02% is below the industry median, suggesting lower profitability.
- Free cash flow is positive at TWD 377.23 million, but capital expenditures are negative, indicating asset disposals.
- Revenue is concentrated in a single business segment with no geographic diversification.
- Analysts have assigned a mean price target of TWD 48.50, with a neutral recommendation.
Bull / Bear case
Generated · model-assistedIn focus — financials by report
Valuation
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Predictor forecast
| Metric | Our forecast | Guidance | Consensus |
|---|---|---|---|
| EPS | —no estimate | —no estimate | 4,06 |
| Revenue | —no estimate | —no estimate | —no estimate |
| Operating income | —no estimate | —no estimate | —no estimate |
Options
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sell-side coverageEstimate revisions
consensus EPS · 26-week trendSell-side observations
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Risk factors
- Net cash is negative after subtracting total debt.
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- Dilution Ratio(shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
- Net Cashcash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
- Capex To Revenuecapital_expenditure / revenue
- Return On Equitynet_income / total_equity
- Debt To Equity(short_term_debt + long_term_debt) / total_equity
- Cash Conversion Ratiooperating_cash_flow / net_income
- Hsin Kuang Steel Co Ltd Market data — financials · 2026-05-26
- Hsin Kuang Steel Co Ltd Market data — analyst estimates · 2026-05-26
- Hsin Kuang Steel Co Ltd Market data — ESG · 2026-05-26