1. Taiwan Stocks

  2. •

    Non-energy minerals

  3. •

    Steel
TA Chen Stainless Pipe Co., Ltd.

TA Chen Stainless Pipe Co., Ltd.

TTWSE:2027
50.60
TWD
+0.70
(+1.40%)
5.77EPS
8.19P/E
94.48BMarket Cap
Nov 18Next Earn
TA Chen Stainless Pipe Co., Ltd.
TWSE:2027
(Taiwan Stock Exchange)

Recent

price

50.60

P/E

ratio

8.19

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
TWD
29.94
34
34
32.87
43.68
42.8
41.28
54.04
61.57
50.47
37.28
47.93
48.73
43.47
39.13
43.89
48.79
Revenue per Share
0.64
0.38
0.32
0.19
1.62
-0.24
0.42
0.91
4.44
1.18
-0.36
4.79
5.13
2.29
1.53
2.88
4.93
Basic EPS, GAAP
-3.14
-1.27
-0.21
-1.13
-1.37
-0.23
2.86
-3.34
-13.13
-0.46
1.62
5.33
-1.87
7.68
2.91
-1.94
2.14
Free Cash Flow per Basic Share
0.15
- -
0.83
0.12
0.4
0.39
0.33
0.35
0.8
3.4
1.32
0.63
1.36
1.84
1.11
1.01
- -
Dividend per Share
8.27
8.88
8.34
8.54
10.25
9.84
9.65
9.78
18.78
16.11
14.55
22.79
29.41
29.32
31.41
31.9
33.98
Book Value per Share
8.2
8.87
8.34
8.09
9.79
9.29
9.16
8.76
14.14
11.85
11.52
20.13
26.59
26.64
28.54
29.5
31.6
Tangible Book Value per Share
1,101
1,205
1,177
1,175
1,163
1,184
1,157
1,192
1,360
1,543
1,589
2,021
2,343
2,330
2,310
2,320
2,408
Basic Weighted Avg Shares
32,957
40,989
40,038
38,609
50,812
50,679
47,749
64,425
83,711
77,874
59,235
96,886
114,149
101,257
90,398
101,815
117,487
Sales/Revenue/Turnover
6.52
3
3.04
1.7
6.7
0.47
3.89
7.31
11.07
6.96
3.08
19.54
16.23
8.74
6.78
13.83
17.61
Operating Margin (%)
513
478
586
458
508
553
567
586
777
2,175
2,274
2,212
2,461
2,912
3,267
3,401
3,495
Depreciation Expense
708
463
372
222
1,885
-288
486
1,088
6,039
1,821
-573
9,673
12,026
5,331
3,538
6,676
11,867
Net Income, GAAP
42.91
36.86
30.83
40.82
26.88
185.88
33.85
46.67
26.13
23.55
- -
24.99
24.95
29.12
28.09
23.87
26.22
Effective Tax Rate (%)
2.15
1.13
0.93
0.58
3.71
-0.57
1.02
1.69
7.21
2.34
-0.97
9.98
10.54
5.26
3.91
6.56
10.1
Profit Margin (%)
15,421
18,697
16,509
20,615
23,442
23,250
24,277
33,192
55,872
50,525
43,755
56,098
64,625
53,940
52,276
64,632
62,953
Working Capital
9,638
12,788
11,613
14,301
15,013
17,117
18,177
26,910
35,018
44,167
35,897
32,610
36,111
30,600
31,814
38,737
37,536
LT Debt
12,470
13,320
12,145
14,107
16,510
15,431
15,226
16,849
44,144
35,515
36,957
54,426
73,897
74,479
79,770
88,516
93,229
Total Equity
4.44
2.47
2.43
1.12
6.33
-0.47
2.82
5.24
9.51
4.4
- -
14.64
11.74
4.77
3.45
7.88
10.94
Return on Invested Capital (%)
3.64
2.34
2.11
1.41
5.24
-2.36
1.74
2.57
9.04
2.89
- -
9.08
8.97
3.64
2.48
4.54
7.81
Return on Capital (%)
7.28
4.44
3.61
2.23
16.8
-2.43
4.24
8.87
27.78
6.48
-2.12
24.96
21.42
8.44
5.42
9.36
16.98
Return on Common Equity (%)

Capital Structure

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
15,982
15,431
15,812
LT Borrowings
30,939
29,968
27,749
LT Finance Leases
7,798
9,640
9,787
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
2,352
2,352
2,342
Market Capitalization
83,740
86,680
94,484

Working Capital

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
88,298
89,517
95,149
Cash, Cash Equivalents & STI
12,507
12,121
16,098
Accounts Receivable, Net
8,711
11,766
12,592
Inventories
62,837
61,164
58,968
Total Current Liabilities
23,666
24,456
32,196
Payables & Accruals
- -
- -
- -
ST Debt
15,982
15,431
15,812
Deferred Revenue
- -
- -
- -

Growth Rates

TWD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
25.77%
20.38%
10.96%
Free Cash Flow
-227.95%
-111.67%
-167.11%
Net Income, GAAP
-165.41%
-352.64%
88.67%
Sales/Revenue/Turnover
10.02%
14.4%
12.63%
Total Cash Common Dividend
57.28%
19.43%
-8.95%

Quarterly Revenue

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
23,225
24,135
21,740
21,298
90,398
2025
26,085
25,414
25,864
24,450
101,815
2026
31,174
35,998
- -
- -
- -

Quarterly Earnings Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.47
0.4
0.13
0.58
1.53
2025
0.67
0.42
1
0.79
2.88
2026
1.17
1.93
- -
- -
- -

Quarterly Dividends Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
1.11
2025
- -
- -
- -
- -
1.01
2026
- -
- -
- -
- -
- -
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Business
Ta Chen Stainless Pipe Co., Ltd. (2027.TW) manufactures and distributes stainless steel pipes, tubes, fittings, and related products for industrial applications. The company offers a comprehensive range of products including seamless and welded stainless steel pipes in various grades such as 304, 316L, and duplex alloys; stainless steel fittings like elbows, tees, reducers, and caps; butt-weld fittings, flanges, and valves; as well as nickel alloys and titanium products for corrosion-resistant needs. It serves sectors including chemical processing, oil and gas, power generation, water treatment, and construction, with distribution through a network spanning Taiwan, North America, Europe, and Asia. Founded in 1986 and headquartered in Kaohsiung, Taiwan, Ta Chen operates manufacturing facilities in Taiwan and maintains sales offices and warehouses in key markets such as the United States (via subsidiaries like Ta Chen International Inc. in California), China, and Southeast Asia to support global supply chains. In recent developments, the company expanded its production capacity through a new stainless steel pipe manufacturing plant in Vietnam launched in 2024, enhancing its Southeast Asian footprint and supply capabilities amid rising regional demand. Ta Chen also formed strategic partnerships with major steel mills for duplex and super austenitic stainless steel supplies in 2025, bolstering its product portfolio for high-corrosion environments. Additionally, it completed a NT$2.5 billion funding round in late 2024 to finance equipment upgrades and sustainability initiatives, including low-carbon steel processing.