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    Non-energy minerals

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    Steel
Tang Eng Iron Works Co., Ltd.

Tang Eng Iron Works Co., Ltd.

TTPEX:2035
27.55
TWD
0.00
(0.00%)
-1.90EPS
9.59BMarket Cap
Oct 23Next Earn
Tang Eng Iron Works Co., Ltd.
TPEX:2035
(Taipei Exchange)

Recent

price

27.55

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
TWD
61.71
67.38
53.61
52.96
59.32
42.21
37.2
54.05
42.51
35.29
30.94
48.04
40.06
30.59
34.83
27.44
28.32
Revenue per Share
0.12
1.38
-1.37
-2.76
1
-2.66
1.44
0.69
-4.12
0.04
-1.9
4.53
-0.64
-3.22
-2.2
-4.72
-1.9
Basic EPS, GAAP
-3.01
0.16
-2.16
-5.38
6.87
8.15
2.07
-1.49
-2.96
-3.43
0.57
0.86
4.21
-2.51
-5.47
-3.41
-5.57
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
20.43
21.88
20.42
17.84
18.42
15.8
17.17
17.6
13.55
13.74
12.05
16.67
16.32
13.18
10.93
6.5
7.04
Book Value per Share
20.41
21.84
20.37
17.81
18.38
15.79
17.16
17.5
13.48
13.68
12.01
16.65
16.29
13.14
10.91
6.48
7.02
Tangible Book Value per Share
350
350
350
350
350
350
350
350
350
350
350
350
350
350
350
350
351
Basic Weighted Avg Shares
21,598
23,582
18,763
18,536
20,760
14,773
13,021
18,918
14,880
12,351
10,829
16,813
14,021
10,707
12,189
9,602
9,936
Sales/Revenue/Turnover
0.16
-1.26
-3.02
-4.29
2.2
-7.42
3.23
0.93
-9.36
-8.21
-7.18
9.58
-2.04
-10.67
-6.55
-16.16
-7.26
Operating Margin (%)
305
307
305
298
277
235
211
211
215
218
209
206
192
188
211
219
220
Depreciation Expense
40
484
-478
-967
351
-930
503
243
-1,442
15
-666
1,586
-225
-1,125
-772
-1,652
-665
Net Income, GAAP
- -
1.89
- -
- -
9.3
- -
7.87
- -
- -
69.34
- -
- -
- -
- -
- -
- -
- -
Effective Tax Rate (%)
0.19
2.05
-2.55
-5.21
1.69
-6.3
3.87
1.29
-9.69
0.12
-6.15
9.43
-1.6
-10.51
-6.33
-17.21
-6.7
Profit Margin (%)
1,711
2,545
1,980
2,461
1,652
75
220
179
85
636
741
2,084
874
477
686
330
703
Working Capital
6,490
5,302
4,955
6,197
4,748
5,056
4,542
4,466
5,388
6,224
6,850
6,350
5,250
6,050
7,150
8,470
8,650
LT Debt
7,889
8,434
7,919
7,006
7,208
5,530
6,009
6,160
4,743
4,807
4,217
5,833
5,713
4,612
3,827
2,276
2,464
Total Equity
- -
-1.72
- -
- -
2.35
- -
2.93
1.31
- -
-2.34
- -
11.54
- -
- -
- -
- -
- -
Return on Invested Capital (%)
- -
3.27
- -
- -
2.42
- -
4.46
2.42
- -
0.33
- -
11.98
- -
- -
- -
- -
- -
Return on Capital (%)
0.58
6.54
-6.46
-14.44
5.53
-15.54
8.72
4
-26.45
0.31
-14.75
31.57
-3.9
-21.8
-18.29
-54.16
-22.69
Return on Common Equity (%)

Capital Structure

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
2,477
2,846
3,380
LT Borrowings
8,470
8,450
8,650
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
350
350
350
Market Capitalization
10,675
9,853
9,590

Working Capital

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
3,367
3,732
4,570
Cash, Cash Equivalents & STI
222
103
32
Accounts Receivable, Net
83
94
91
Inventories
2,311
2,906
3,868
Total Current Liabilities
3,037
3,308
3,867
Payables & Accruals
- -
- -
- -
ST Debt
2,477
2,846
3,380
Deferred Revenue
- -
- -
- -

Growth Rates

TWD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-6.33%
-8.11%
-40.52%
Free Cash Flow
11.29%
72.36%
-37.66%
Net Income, GAAP
-552.08%
6.1%
114.12%
Sales/Revenue/Turnover
-0.96%
1.53%
-21.22%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2,615
3,080
3,203
3,291
12,189
2025
2,528
2,608
- -
2,036
9,602
2026
2,474
2,818
- -
- -
- -

Quarterly Earnings Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.52
-0.04
-0.72
-0.93
-2.2
2025
-1.22
-1.32
- -
-1.13
-4.72
2026
0.33
0.22
- -
- -
- -

Quarterly Dividends Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
Tang Eng Iron Works Co., Ltd. engages in the manufacture and distribution of stainless steel products primarily in Taiwan and internationally. The company specializes in producing stainless steel coils and blanks, steel rolls and slabs, steel ingots, thick steel plates, and hot-rolled and cold-rolled steel coils. These products cater to applications including food and chemical appliances, industrial piping, decorative panels, structural tubing, electronic components, tableware, kitchenware, and knife materials. Founded in 1940 and headquartered in Kaohsiung City, Taiwan, Tang Eng Iron Works operates extensive production facilities equipped with steel coil assembly lines, annealing and pickling lines, coil grinding lines, and cold rolling mills. In recent developments, the company has focused on intensifying research and development efforts and environmental investments to advance its transformation toward high-end stainless steel production. It has also been active in pricing adjustments for its stainless steel products in response to market conditions. Despite a consolidation attempt involving competitor Yieh United Steel Corp. being blocked by Taiwan's Fair Trade Commission due to concerns over market competition, Tang Eng Iron Works continues to maintain robust local and international operations. The company supplies the domestic market predominantly while exporting stainless steel products across Asia and to other regions. Tang Eng Iron Works has a significant historical presence in Taiwan's steel industry, transitioning from a government-owned entity to a privatized corporation since 2006. It holds ISO9002 quality certification for its steel manufacturing processes. The company's product range and operational footprint cover Taiwan and export markets in Southeast Asia, East Asia, and beyond, serving diverse industries including construction, manufacturing, and consumer goods. It remains a prominent player in the stainless steel sector with ongoing innovation and strategic business adjustments to meet evolving industry demands.