Feng Hsin Steel Co Ltd

Feng Hsin Steel maintains a conservative capital structure characterized by minimal leverage and strong liquidity. The debt-to-equity ratio stands at 0.04, indicating negligible reliance on debt financing relative to shareholder equity. Total liabilities amount to TWD 3.24 billion against total equity of TWD 22.60 billion. The current ratio is 4.55, reflecting a substantial buffer of current assets over current liabilities. Cash and equivalents total TWD 1.70 billion, while long-term debt is limited to TWD 1.00 billion. This balance sheet composition suggests low financial distress risk and high flexibility for future capital allocation.

Profitability metrics indicate moderate returns on capital. Return on equity (ROE) is 10.22%, and return on assets (ROA) is 8.93%. The company generated net income of TWD 2.25 billion on revenue of TWD 29.04 billion, resulting in a net margin of approximately 7.76%. Operating income was TWD 2.50 billion, yielding an operating margin of roughly 8.62%. Gross profit stood at TWD 3.35 billion. While specific cohort median comparisons are not provided in the input data, these returns suggest a stable but not high-growth profitability profile typical of mature utility or industrial firms.

Revenue concentration and geographic exposure details are absent from the provided data. The company reports total revenue of TWD 29.04 billion, but segment breakdowns and geographic splits are not disclosed in the available sections. Consequently, analysis of revenue concentration risk or regional dependency cannot be performed based on the current input.

Growth trajectory analysis is limited due to the absence of historical period data. The financial snapshot provides only the latest normalized period figures. Without 5-year annual or 8-quarter quarterly revenue and net income trends, it is not possible to assess the direction or velocity of revenue growth or earnings expansion. The current revenue base of TWD 29.04 billion serves as the sole reference point for scale.

Risk assessment indicates low liquidity risk and low dilution risk. No immediate filing-based liquidity or dilution flags were detected. The shares outstanding basic and diluted counts are identical at 581.60 million, confirming no current dilutive securities such as convertible bonds or options are impacting the share count. The primary risk factors appear to be operational or market-based rather than structural financial risks.

Recent events and market sentiment reflect a neutral-to-positive outlook. Analyst estimates show a mean price target of TWD 72.50, with a high of TWD 73.00 and a low of TWD 72.00. The mean recommendation is 2.75, comprising one buy rating and three hold ratings, with no strong buy ratings. This suggests analysts view the stock as fairly valued with limited upside potential in the near term. No specific filing, news, or transcript observations were provided to detail recent corporate actions or strategic shifts.

Analysts project 17.7% upside to TWD 72.5, signaling undervaluation relative to the current TWD 61.6 market price.

The company maintains a conservative debt-to-equity ratio of 0.04, significantly below the 0.75 cohort median.

Low liquidity, dilution, and credit risk flags suggest a stable financial profile with minimal immediate threats.

Free cash flow dropped 20.3% year-over-year, indicating deteriorating cash generation capabilities.

The four-year revenue CAGR of -6.7% highlights a persistent long-term decline in business scale.

Revenue TWD 6.40B, −14,1% YoY; Operating income +2,7% YoY.

• ▍Revenue TWD 6.40B, −14,1% YoY
• ▍Operating income +2,7% YoY
• ▍Net income +11,5% YoY
• ▍Free cash flow +1,7% YoY
• ▍Net margin 8.2%

Revenue TWD 6.58B, −24,3% YoY; Operating income −23,9% YoY.

• ▍Revenue TWD 6.58B, −24,3% YoY
• ▍Operating income −23,9% YoY
• ▍Net income −15,2% YoY
• ▍Free cash flow −27,4% YoY
• ▍Net margin 8.3%

Revenue TWD 6.64B, −18,8% YoY; Operating income +22,4% YoY.

• ▍Revenue TWD 6.64B, −18,8% YoY
• ▍Operating income +22,4% YoY
• ▍Net income +24,4% YoY
• ▍Free cash flow +49,5% YoY
• ▍Net margin 8.5%

Revenue TWD 8.36B, −7,3% YoY; Operating income −11,0% YoY.

• ▍Revenue TWD 8.36B, −7,3% YoY
• ▍Operating income −11,0% YoY
• ▍Net income −13,7% YoY
• ▍Free cash flow −27,2% YoY
• ▍Net margin 8.0%

Revenue TWD 7.46B; Operating income TWD 573.9M.

• ▍Revenue TWD 7.46B
• ▍Operating income TWD 573.9M
• ▍Net margin 6.3%

Revenue TWD 8.69B; Operating income TWD 733.1M.

• ▍Revenue TWD 8.69B
• ▍Operating income TWD 733.1M
• ▍Net margin 7.4%

Revenue TWD 8.18B; Operating income TWD 514.8M.

• ▍Revenue TWD 8.18B
• ▍Operating income TWD 514.8M
• ▍Net margin 5.6%

Revenue TWD 9.02B; Operating income TWD 831.3M.

• ▍Revenue TWD 9.02B
• ▍Operating income TWD 831.3M
• ▍Net margin 8.6%

Revenue TWD 29.04B, −15,5% YoY; Operating income −9,8% YoY.

• ▍Revenue TWD 29.04B, −15,5% YoY
• ▍Operating income −9,8% YoY
• ▍Net income −8,9% YoY
• ▍Free cash flow −20,3% YoY
• ▍Net margin 7.8%

Revenue TWD 34.38B, −1,4% YoY; Operating income +2,3% YoY.

• ▍Revenue TWD 34.38B, −1,4% YoY
• ▍Operating income +2,3% YoY
• ▍Net income +4,2% YoY
• ▍Free cash flow +225,0% YoY
• ▍Net margin 7.2%

Revenue TWD 34.88B, −9,6% YoY; Operating income −18,0% YoY.

• ▍Revenue TWD 34.88B, −9,6% YoY
• ▍Operating income −18,0% YoY
• ▍Net income −22,7% YoY
• ▍Free cash flow −848,2% YoY
• ▍Net margin 6.8%

Revenue TWD 38.60B, +0,6% YoY; Operating income −30,0% YoY.

• ▍Revenue TWD 38.60B, +0,6% YoY
• ▍Operating income −30,0% YoY
• ▍Net income −23,8% YoY
• ▍Free cash flow −98,3% YoY
• ▍Net margin 8.0%