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Hsin Kuang Steel Co Ltd
TWSE:2031

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Hsin Kuang Steel Co Ltd
TWSE:2031
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Price: 40 TWD -2.44%
Market Cap: NT$12.8B

EV/EBITDA

18.2
Current
33%
Cheaper
vs 3-y average of 27.4

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
18.2
=
Enterprise Value
NT$21.4B
/
EBITDA
NT$1.2B

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
18.2
=
Enterprise Value
NT$21.4B
/
EBITDA
NT$1.2B

Valuation Scenarios

Hsin Kuang Steel Co Ltd is trading below its 3-year average

If EV/EBITDA returns to its 3-Year Average (27.4), the stock would be worth NT$60.05 (50% upside from current price).

Statistics
Positive Scenarios
2/4
Maximum Downside
-20%
Maximum Upside
+50%
Average Upside
13%
Scenario EV/EBITDA Value Implied Price Upside/Downside
Current Multiple 18.2 NT$40
0%
3-Year Average 27.4 NT$60.05
+50%
5-Year Average 23.3 NT$51.04
+28%
Industry Average 16.9 NT$37.15
-7%
Country Average 14.6 NT$31.92
-20%

Forward EV/EBITDA
Today’s price vs future ebitda

Today's Enterprise Value EBITDA Forward EV/EBITDA
NT$21.4B
/
Jan 2026
NT$1.2B
=
18.2
Current
NT$21.4B
/
Dec 2026
NT$2.3B
=
9.3
Forward

Forward EV/EBITDA shows whether today’s EV/EBITDA still looks high or low once future ebitda are taken into account.

Peer Comparison

All Multiples
EV/EBITDA
P/E
All Countries
Close
Market Cap EV/EBITDA P/E
TW
Hsin Kuang Steel Co Ltd
TWSE:2031
12.8B TWD 18.2 12.1
ZA
Kumba Iron Ore Ltd
JSE:KIO
102.4B ZAR 3.5 7
BR
Vale SA
BOVESPA:VALE3
378.8B BRL 5.3 27.5
AU
Fortescue Metals Group Ltd
ASX:FMG
65.2B AUD 8.1 11.9
LU
ArcelorMittal SA
AEX:MT
39.8B EUR 9.4 14.6
US
Nucor Corp
NYSE:NUE
47.6B USD 12.5 27.4
AU
Fortescue Ltd
XMUN:FVJ
39.5B EUR 8.2 12.2
IN
JSW Steel Ltd
NSE:JSWSTEEL
3.1T INR 13.9 41.2
US
Steel Dynamics Inc
NASDAQ:STLD
32.2B USD 17.5 27.1
IN
Tata Steel Ltd
NSE:TATASTEEL
2.6T INR 10.7 28.9
US
Carpenter Technology Corp
NYSE:CRS
21.9B USD 30 50.1

Market Distribution

In line with most companies in Taiwan
Percentile
61st
Based on 771 companies
61st percentile
18.2
Low
0.8 — 10.5
Typical Range
10.5 — 22.8
High
22.8 —
Distribution Statistics
Taiwan
Min 0.8
30th Percentile 10.5
Median 14.6
70th Percentile 22.8
Max 2 788.3

Hsin Kuang Steel Co Ltd
Glance View

Market Cap
12.8B TWD
Industry
Metals & Mining

Hsin Kuang Steel Co., Ltd. engages in the manufacture, processing, and sale of steel products. The company is headquartered in Taipei, New Taipei. The company went IPO on 2000-09-11. The firm is principally engaged in the processing, wholesale and direct marketing of steel plates, special steel plates, hot rolled steel plates, stainless steels, steel sections, galvanized steel and steel structure components. The firm also provides the cutting and processing services for finished steel products. The firm's steel products are applied as steel structures, mechanic components, automobile parts, hardware components, computer casings, home appliance components, construction materials and others. The firm distributes its products mainly in domestic market.

Intrinsic Value
52.4 TWD
Undervaluation 24%
Intrinsic Value
Price NT$40
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