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v0.1
2015.TW$62.90-2.18%
Fair $62.90+0.0%

2015.TW

Feng Hsin Steel Co., Ltd.

Basic Materials / SteelTaiwan

$62.90

-1.40 (-2.18%)

Fairly Valued+0.0%Fair Value $62.90Fund rank 34/100 · Data gapFallback financials|
SA 55/C
F-Score: 5/9
Declining Revenue

FCF base 3Y

n/d

n/d CAGR · yield n/d

FCF base 5Y

n/d

n/d base · n/d expected

Precio de entrada

n/d

MOS 26% · confianza 25%

FCF escenarios

weak_data · normalized FCF $2.5B · quality 68.0/100

Data gap 34/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 53/100Data QA 20/100

Ranking barato/determinista: CAGR esperado 5Y + downside bear + calidad del modelo + balance + capital allocation + data gate. No entra en buy-candidate si la data es débil o el CAGR 5Y no compensa.

Quality + valuation scorecard

SA Score

55/100

C

Piotroski

5/9

balance/quality

Valuation

50/100

+0.0% upside

5Y CAGR

+0.0%

50/100

Data QA

16/100

SEC 0%

Latest source: unknownPeriods: 4Warnings: 1unknown: 4
No SEC-backed annual rows; valuation uses fallback financial data. Sector-specific commodity mid-cycle model required: targets are disabled until normalized cycle price/cost-curve/reserve data exists. Revenue has declined for 3 consecutive years
Thesis & Journal · 2015.TWLocal privado en este navegador · Feng Hsin Steel Co., Ltd.
Plantilla tipo buy-side: tesis, bull/base/bear, catalizadores, riesgos, kill criteria y fecha de revisión. Esto no gasta GPT-5.5; luego lo usamos como contexto del memo.

Sin guardar todavía.

Market Cap

$36.6B

P/E

16.3x

↓

EV/EBITDA

8.8x

↓

ROE

10.0%

↑

Gross Margin

11.5%

↓

Debt/Equity

0.04

↓
52-Week Range$63
$59$71

TradingView lightweight chart

2015.TW price, volumen y niveles de valoración

Último $62.90Periodo +508.1%
Fair value: $62.90

Price & Ratios

Absolute Values (Left Axis)

Ratios / Percentages (Right Axis)

Financial statement dashboard

Crecimiento, márgenes y provenance

2022–2025 · 3 años de histórico normalizado

Revenue CAGR

-9.1%

FCF CAGR

+13.5%

FCF margin

14.2%

FCF / Net income

1.83x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $29.04B · net income $2.25B · FCF $4.12B

2022-FY → 2025-FY

Gross margin

11.5%+0.7% pts

Operating margin

8.6%+0.1% pts

Net margin

7.8%-0.2% pts

FCF margin

14.2%+6.9% pts
MetricTTM
2025
2024
2023
2022
Income Statement
Revenue$29.04B$29.04B$34.38B$34.88B$38.60B
Net Income$2.25B$2.25B$2.48B$2.38B$3.07B
EBITDA$3.96B$3.96B$4.25B$4.10B$5.07B
EPS3.853.854.234.065.24
Gross Margin11.5%11.5%10.6%10.2%10.8%
Operating Margin8.6%8.6%8.1%7.8%8.6%
Net Margin7.8%7.8%7.2%6.8%8.0%
Balance Sheet
Debt/Equity0.040.040.080.110.06
Current Ratio2.772.77———
Cash Flow
Free Cash Flow$4.12B$4.12B$2.48B$430.2M$2.81B
Returns
ROE10.0%10.0%11.1%10.8%14.1%
Valuation
P/E16.3416.3415.8216.8712.14
EV/EBITDA8.818.819.3610.107.27
P/B1.631.631.761.831.70
Growth & Yield
Revenue Growth-15.5%-15.5%-1.4%-9.6%—
EPS Growth-9.0%-9.0%4.2%-22.5%—
Dividend Yield5.1%5.1%———

Revenue, Net Income & Free Cash Flow ($B)

Margins (%)

Returns (%)

Leverage & Liquidity

Reverse DCF · market-implied EPS growthterminal P/E 15.0x · COE 10.0%

3Y implied EPS CAGR

13.2%

razonable

EPS terminal req.

$5.58

Spread vs growth

-22.2%

5Y implied EPS CAGR

11.9%

razonable

EPS terminal req.

$6.75

Spread vs growth

-20.9%

10Y implied EPS CAGR

10.9%

razonable

EPS terminal req.

$10.88

Spread vs growth

-19.9%

Qué te dice: cuánto EPS CAGR está descontando el precio si sales al múltiplo terminal indicado. Si el growth observado queda por debajo, el mercado está pidiendo una ejecución muy fina.

Return attribution · 1Y approxreconcilia total +6.1%

Total return

+6.1%

Start / end P/E

14.7x → 16.3x

EPS bridge

4.23 → 3.85

Residual

-1.0%

EPS growth-9.0%
Multiple rerating+10.9%
Dividend+5.1%
Residual / FX / buybacks / cross-term-1.0%

Simple additive decomposition: total return = EPS growth contribution + P/E multiple contribution + dividend contribution + explicit residual. The residual captures cross-terms, buybacks/share-count effects, FX, special dividends, data noise and methodology mismatch so the bridge always reconciles.