1. Taiwan Stocks

  2. •

    Non-energy minerals

  3. •

    Steel
YC Inox Co.,Ltd

YC Inox Co.,Ltd

TTWSE:2034
24.35
TWD
+0.35
(+1.46%)
0.40EPS
48.35P/E
10.63BMarket Cap
Nov 06Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
57.06
60.83
43.96
42.17
46.09
45.77
39.49
30.77
39.78
37.29
34
30.38
23.97
22.34
Basic EPS, GAAP
1.56
2.35
1.27
1.9
1.95
2.18
1.51
1.02
2.82
1.15
-0.38
-0.22
0.21
0.42
Free Cash Flow per Basic Share
0.98
3.49
4.09
-1.17
1.66
3.78
-0.69
2.77
-6.01
0.53
-0.62
-4.22
-1.26
-1.75
Dividend per Share
0.62
1.33
1.77
0.89
1.75
1.75
1.77
1.48
1.47
1.48
1.49
0.98
1
- -
Book Value per Share
16.33
17.42
16.87
17.89
18.09
18.85
17.82
20.5
20.85
23.06
19.71
20.21
18.49
17.02
Tangible Book Value per Share
16.33
17.42
16.87
17.89
18.09
18.85
17.82
20.5
20.84
23.04
19.7
20.2
18.48
17.01
Basic Weighted Avg Shares
418
418
418
418
418
418
413
413
447
452
448
478
523
532
Sales/Revenue/Turnover
23,847
25,424
18,375
17,625
19,266
19,130
16,309
12,717
17,778
16,840
15,232
14,522
12,543
11,877
Operating Margin (%)
2.78
4.23
3.05
5.49
5.67
5.92
4.92
3.65
7.82
5.63
2.23
4.38
1.55
2.66
Depreciation Expense
168
179
194
200
200
189
228
270
278
335
360
380
565
622
Net Income, GAAP
653
983
531
794
816
910
624
424
1,260
518
-170
-103
108
221
Effective Tax Rate (%)
12.2
13.15
15.26
14.79
16.99
20.75
19.76
17.29
27.06
24.41
- -
- -
- -
- -
Profit Margin (%)
2.74
3.87
2.89
4.5
4.24
4.76
3.82
3.33
7.09
3.08
-1.11
-0.71
0.86
1.86
Working Capital
5,190
5,336
3,896
3,158
3,442
2,617
2,433
3,254
2,506
2,625
434
2,070
1,131
958
LT Debt
1,155
986
313
- -
400
200
764
1,546
1,557
2,655
2,076
3,871
3,730
4,195
Total Equity
6,826
7,279
7,050
7,479
7,559
7,880
7,448
9,089
9,402
10,416
8,950
10,512
9,681
9,002
Return on Invested Capital (%)
5.69
8.93
4.84
8.33
8.44
8.24
5.83
3.18
6.8
4.05
- -
- -
- -
- -
Return on Capital (%)
6.73
9.89
5.68
8.25
7.95
8.9
5.98
3.82
8.91
3.34
- -
- -
- -
- -
Return on Common Equity (%)
9.83
13.94
7.41
10.92
10.86
11.79
8.14
5.12
13.63
5.23
-1.75
-1.06
1.07
2.48

Capital Structure

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
7,395
7,863
8,712
LT Borrowings
3,726
3,603
4,194
LT Finance Leases
3
1
1
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
524
529
529
Market Capitalization
11,204
10,606
10,633

Working Capital

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
9,325
10,116
11,362
Cash, Cash Equivalents & STI
1,180
796
1,119
Accounts Receivable, Net
824
912
1,320
Inventories
4,898
5,400
6,274
Total Current Liabilities
8,194
9,095
10,404
Payables & Accruals
- -
- -
- -
ST Debt
7,395
7,863
8,712
Deferred Revenue
- -
- -
- -

Growth Rates

TWD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
3.76%
1.94%
-7.91%
Free Cash Flow
-96.02%
-18.86%
-67.44%
Net Income, GAAP
-23.7%
-47.43%
-203.95%
Sales/Revenue/Turnover
-2.56%
1.34%
-13.63%
Total Cash Common Dividend
- -
-1.79%
11.34%

Quarterly Revenue

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
3,099
3,539
3,797
4,088
14,522
2025
3,633
3,327
2,955
2,628
12,543
2026
2,834
3,460
- -
- -
- -

Quarterly Earnings Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.1
0.06
0.01
-0.39
-0.22
2025
0.5
-0.58
0.4
-0.12
0.21
2026
- -
0.13
- -
- -
- -

Quarterly Dividends Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.98
2025
- -
- -
- -
- -
1
2026
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Chin Yue Chang
Full Time Employees
909
Sector
Non-energy minerals
Industry
Steel
Address
No.270, Jungshan Road Chang-Hwa Taiwan 52441
IPO Date
Oct 16, 1999
Website
ycinox.com.tw
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Business
YC Inox Co., Ltd. manufactures, processes, and trades stainless steel products including pipes, tubes, sheets, coils, and plates in Asia, Europe, the United States, and internationally. The company operates through Stainless Steel Tubes/Pipes, Stainless Steel Sheets/Coils, and Others segments; it offers stainless steel pipes and tubes such as welded and seamless varieties, stainless steel sheets and coils in cold-rolled and hot-rolled forms, stainless steel plates, flat bars, angles, U-channels, and checker plates; it also provides agency services and international trading. Founded in 1973 and headquartered in Changhua, Taiwan, YC Inox maintains production facilities including mills in Taiwan and a service center with tube production in Turkey through its subsidiary YC INOX TR Celik Sanayi ve Ticaret A.S. Recent developments include the establishment of YC INOX TR Celik Sanayi ve Ticaret A.S. in 2019 with operations commencing in 2022, the launch of a new welded pipe mill (Douliou Mill 2) in 2019, implementation of Industry 4.0 and zero wastewater discharge initiatives in 2019, attainment of 3-A approval, WATERMARK certification, and UKCA MARK CPR certification in 2023, installation of a 5,512 KWP photovoltaic system in 2022, and capital increases to USD 159.92 million in 2024 and USD 174.82 million in 2025.