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Kao Hsing Chang Iron & Steel (TPE:2008) Intrinsic Value: Projected FCF : NT$15.81 (As of Jun. 18, 2025)


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What is Kao Hsing Chang Iron & Steel Intrinsic Value: Projected FCF?

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.

As of today (2025-06-18), Kao Hsing Chang Iron & Steel's Intrinsic Value: Projected FCF is NT$15.81. The stock price of Kao Hsing Chang Iron & Steel is NT$24.80. Therefore, Kao Hsing Chang Iron & Steel's Price-to-Intrinsic-Value-Projected-FCF of today is 1.6.

The historical rank and industry rank for Kao Hsing Chang Iron & Steel's Intrinsic Value: Projected FCF or its related term are showing as below:

TPE:2008' s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 1.51   Med: 3.55   Max: 1100
Current: 1.57

During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Kao Hsing Chang Iron & Steel was 1100.00. The lowest was 1.51. And the median was 3.55.

TPE:2008's Price-to-Projected-FCF is ranked worse than
78.54% of 466 companies
in the Steel industry
Industry Median: 0.665 vs TPE:2008: 1.57

Kao Hsing Chang Iron & Steel Intrinsic Value: Projected FCF Historical Data

The historical data trend for Kao Hsing Chang Iron & Steel's Intrinsic Value: Projected FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Kao Hsing Chang Iron & Steel Intrinsic Value: Projected FCF Chart

Kao Hsing Chang Iron & Steel Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Intrinsic Value: Projected FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.86 4.26 5.65 13.11 16.58

Kao Hsing Chang Iron & Steel Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Intrinsic Value: Projected FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 13.10 15.04 15.78 16.58 15.81

Competitive Comparison of Kao Hsing Chang Iron & Steel's Intrinsic Value: Projected FCF

For the Steel subindustry, Kao Hsing Chang Iron & Steel's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Kao Hsing Chang Iron & Steel's Price-to-Projected-FCF Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Kao Hsing Chang Iron & Steel's Price-to-Projected-FCF distribution charts can be found below:

* The bar in red indicates where Kao Hsing Chang Iron & Steel's Price-to-Projected-FCF falls into.


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Kao Hsing Chang Iron & Steel Intrinsic Value: Projected FCF Calculation

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.

The details of how we calculate the intrinsic value of stocks are described in detail here.

This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + 0.8 * Total Stockholders Equity (most recent) ) / Shares Outstanding (Diluted Average)

In the case of negative Total Stockholders Equity, the following formula is used (see Explanation section below for the reason):

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + Total Stockholders Equity (most recent) / 0.8 ) / Shares Outstanding (Diluted Average)


Add all the Free Cash Flow together and divide 6 will get Kao Hsing Chang Iron & Steel's Free Cash Flow(6 year avg) = NT$21.87.

Kao Hsing Chang Iron & Steel's Intrinsic Value: Projected FCF for today is calculated as

Intrinsic Value: Projected FCF=(Growth Multiple*Free Cash Flow (6 year avg)+Total Stockholders Equity (Mar25)*0.8)/Shares Outstanding (Diluted Average)
=(11.37706741589*21.87472+3461.242*0.8)/190.865
=15.81

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Kao Hsing Chang Iron & Steel  (TPE:2008) Intrinsic Value: Projected FCF Explanation

The growth multiple is capped between 8.35 and 17.74.

Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.

Kao Hsing Chang Iron & Steel's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=24.80/15.811509517951
=1.57

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Kao Hsing Chang Iron & Steel Intrinsic Value: Projected FCF Related Terms

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Kao Hsing Chang Iron & Steel Business Description

Traded in Other Exchanges
N/A
Address
No.318, Zhonghua 1st Road, Gushan District, Kaohsiung, TWN, 804
Kao Hsing Chang Iron & Steel Corp is engaged in the manufacturing, processing, and trading of steel pipes and cold-rolled steel sheets; manufacturing of metal architectural components; leasing; carpark management; and wholesale of other products. The majority of its revenue comes from the steel pipe department. Its geographical segments are Taiwan, North America, and Northeast Asia, of which the majority of the revenue comes from Taiwan.

Kao Hsing Chang Iron & Steel Headlines

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