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Yieh United Steel

GTSM:9957
Snowflake Description

Fair value with imperfect balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
9957
GTSM
NT$14B
Market Cap
  1. Home
  2. TW
  3. Materials
Company description

Yieh United Steel Corp. produces and sells stainless steel products in Taiwan and internationally. The last earnings update was 233 days ago. More info.


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9957 Share Price and Events
7 Day Returns
-0.4%
GTSM:9957
-2.2%
TW Metals and Mining
-0.5%
TW Market
1 Year Returns
-23.6%
GTSM:9957
-25%
TW Metals and Mining
-10.7%
TW Market
9957 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Yieh United Steel (9957) -0.4% -5.6% -10.4% -23.6% -22.9% -33.5%
TW Metals and Mining -2.2% -16.2% -19.7% -25% -22% -20.3%
TW Market -0.5% -14.8% -20.2% -10.7% -4.3% -0.2%
1 Year Return vs Industry and Market
  • 9957 outperformed the Metals and Mining industry which returned -25% over the past year.
  • 9957 underperformed the Market in Taiwan, Province of China which returned -10.7% over the past year.
Price Volatility
9957
Industry
5yr Volatility vs Market
Related Companies

9957 Value

 Is Yieh United Steel undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Yieh United Steel to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Yieh United Steel.

GTSM:9957 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 12.5%
Perpetual Growth Rate 10-Year TW Government Bond Rate 0.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for GTSM:9957
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year TW Govt Bond Rate 0.7%
Equity Risk Premium S&P Global 6.2%
Metals and Mining Unlevered Beta Simply Wall St/ S&P Global 0.83
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.832 (1 + (1- 20%) (227.98%))
1.903
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.9
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.71% + (1.903 * 6.21%)
12.53%

Discounted Cash Flow Calculation for GTSM:9957 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Yieh United Steel is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

GTSM:9957 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (TWD, Millions) Source Present Value
Discounted (@ 12.53%)
2020 2,458.27 Est @ 42.96% 2,184.57
2021 3,202.68 Est @ 30.28% 2,529.21
2022 3,888.38 Est @ 21.41% 2,728.83
2023 4,479.42 Est @ 15.2% 2,793.61
2024 4,965.58 Est @ 10.85% 2,752.01
2025 5,353.40 Est @ 7.81% 2,636.61
2026 5,657.48 Est @ 5.68% 2,476.14
2027 5,894.48 Est @ 4.19% 2,292.63
2028 6,079.88 Est @ 3.15% 2,101.45
2029 6,226.69 Est @ 2.41% 1,912.57
Present value of next 10 years cash flows NT$24,407.00
GTSM:9957 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= NT$6,226.69 × (1 + 0.71%) ÷ (12.53% – 0.71%)
NT$53,058.35
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= NT$53,058.35 ÷ (1 + 12.53%)10
NT$16,297.23
GTSM:9957 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= NT$24,407.00 + NT$16,297.23
NT$40,704.23
Equity Value per Share
(TWD)
= Total value / Shares Outstanding
= NT$40,704.23 / 2,620.41
NT$15.53
GTSM:9957 Discount to Share Price
Calculation Result
Value per share (TWD) From above. NT$15.53
Current discount Discount to share price of NT$5.19
= -1 x (NT$5.19 - NT$15.53) / NT$15.53
66.6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Yieh United Steel is available for.
Intrinsic value
>50%
Share price is NT$5.19 vs Future cash flow value of NT$15.53
Current Discount Checks
For Yieh United Steel to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Yieh United Steel's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Yieh United Steel's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Yieh United Steel's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Yieh United Steel's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
GTSM:9957 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in TWD NT$-1.35
GTSM:9957 Share Price ** GTSM (2020-04-01) in TWD NT$5.19
Taiwan, Province of China Metals and Mining Industry PE Ratio Median Figure of 35 Publicly-Listed Metals and Mining Companies 18.75x
Taiwan, Province of China Market PE Ratio Median Figure of 1,472 Publicly-Listed Companies 13.98x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Yieh United Steel.

GTSM:9957 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= GTSM:9957 Share Price ÷ EPS (both in TWD)

= 5.19 ÷ -1.35

-3.85x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Yieh United Steel is loss making, we can't compare its value to the TW Metals and Mining industry average.
  • Yieh United Steel is loss making, we can't compare the value of its earnings to the Taiwan, Province of China market.
Price based on expected Growth
Does Yieh United Steel's expected growth come at a high price?
Raw Data
GTSM:9957 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -3.85x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Taiwan, Province of China Metals and Mining Industry PEG Ratio Median Figure of 5 Publicly-Listed Metals and Mining Companies 1.37x
Taiwan, Province of China Market PEG Ratio Median Figure of 183 Publicly-Listed Companies 1.08x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Yieh United Steel, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Yieh United Steel's assets?
Raw Data
GTSM:9957 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in TWD NT$6.36
GTSM:9957 Share Price * GTSM (2020-04-01) in TWD NT$5.19
Taiwan, Province of China Metals and Mining Industry PB Ratio Median Figure of 46 Publicly-Listed Metals and Mining Companies 0.85x
Taiwan, Province of China Market PB Ratio Median Figure of 1,961 Publicly-Listed Companies 1.17x
GTSM:9957 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= GTSM:9957 Share Price ÷ Book Value per Share (both in TWD)

= 5.19 ÷ 6.36

0.82x

* Primary Listing of Yieh United Steel.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Yieh United Steel is good value based on assets compared to the TW Metals and Mining industry average.
X
Value checks
We assess Yieh United Steel's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Metals and Mining industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Metals and Mining industry average (and greater than 0)? (1 check)
  5. Yieh United Steel has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

9957 Future Performance

 How is Yieh United Steel expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Yieh United Steel has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
27.8%
Expected Metals and Mining industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Yieh United Steel expected to grow at an attractive rate?
  • Unable to compare Yieh United Steel's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Yieh United Steel's earnings growth to the Taiwan, Province of China market average as no estimate data is available.
  • Unable to compare Yieh United Steel's revenue growth to the Taiwan, Province of China market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
GTSM:9957 Future Growth Rates Data Sources
Data Point Source Value (per year)
Taiwan, Province of China Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 27.8%
Taiwan, Province of China Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 3.9%
Taiwan, Province of China Market Earnings Growth Rate Market Cap Weighted Average 11%
Taiwan, Province of China Market Revenue Growth Rate Market Cap Weighted Average 7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
GTSM:9957 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (9 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in TWD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
GTSM:9957 Past Financials Data
Date (Data in TWD Millions) Revenue Cash Flow Net Income *
2019-06-30 46,539 2,573 -3,535
2019-03-31 48,226 1,479 -1,895
2018-12-31 49,913 385 -255
2018-09-30 48,123 -481 558
2018-06-30 46,332 -1,348 1,371
2018-03-31 45,502 -1,156 1,088
2017-12-31 44,671 -964 804
2017-09-30 45,738 -8 1,216
2017-06-30 46,806 948 1,628
2017-03-31 45,569 1,286 1,166
2016-12-31 44,333 1,625 704
2016-09-30 42,355 1,122 -1,622

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Yieh United Steel is high growth as no earnings estimate data is available.
  • Unable to determine if Yieh United Steel is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
GTSM:9957 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (9 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Yieh United Steel Company Filings, last reported 9 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

GTSM:9957 Past Financials Data
Date (Data in TWD Millions) EPS *
2019-06-30 -1.35
2019-03-31 -0.72
2018-12-31 -0.10
2018-09-30 0.21
2018-06-30 0.52
2018-03-31 0.42
2017-12-31 0.31
2017-09-30 0.47
2017-06-30 0.64
2017-03-31 0.46
2016-12-31 0.28
2016-09-30 -0.67

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Yieh United Steel will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether Yieh United Steel is trading at Yieh United Steel'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. Yieh United Steel's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Materials companies here
  3. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Yieh United Steel's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Taiwan, Province of China market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Taiwan, Province of China market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Yieh United Steel has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

9957 Past Performance

  How has Yieh United Steel performed over the past 5 years?

  • Yieh United Steel's last earnings update was 233 days ago.
The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Yieh United Steel's growth in the last year to its industry (Metals and Mining).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Yieh United Steel does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Yieh United Steel's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Yieh United Steel's 1-year growth to the TW Metals and Mining industry average as it is not currently profitable.
Earnings and Revenue History
Yieh United Steel's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Yieh United Steel Company Filings, last reported 9 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

GTSM:9957 Past Revenue, Cash Flow and Net Income Data
Date (Data in TWD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 46,539.42 -3,534.90 1,569.82
2019-03-31 48,226.33 -1,895.11 1,617.24
2018-12-31 49,913.23 -255.33 1,664.66
2018-09-30 48,122.71 557.99 1,713.07
2018-06-30 46,332.19 1,371.31 1,761.49
2018-03-31 45,501.68 1,087.54 1,716.69
2017-12-31 44,671.17 803.77 1,671.89
2017-09-30 45,738.41 1,216.11 1,650.63
2017-06-30 46,805.65 1,628.45 1,629.37
2017-03-31 45,569.20 1,166.09 1,586.12
2016-12-31 44,332.76 703.72 1,542.88
2016-09-30 42,355.31 -1,622.28 1,481.59
2016-06-30 40,377.86 -3,948.29 1,420.29
2016-03-31 40,064.87 -3,522.61 1,434.16
2015-12-31 39,751.87 -3,096.94 1,448.04
2015-09-30 43,567.94 -1,399.16 1,502.61
2015-06-30 47,384.01 298.61 1,557.18
2015-03-31 52,022.57 165.82 1,622.14
2014-12-31 56,661.12 33.03 1,687.10
2014-06-30 18,787.54 533.58 753.07
2014-03-31 36,822.47 99.23 1,146.62
2013-12-31 54,857.40 -335.12 1,540.17
2013-09-30 130,647.21 -1,553.71 3,394.86 4.93
2013-06-30 127,538.28 -2,267.51 3,249.85 9.85

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Yieh United Steel has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Yieh United Steel has efficiently used its assets last year compared to the TW Metals and Mining industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Yieh United Steel improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Yieh United Steel's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Metals and Mining industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Yieh United Steel has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

9957 Health

 How is Yieh United Steel's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Yieh United Steel's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Yieh United Steel's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Yieh United Steel's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Yieh United Steel's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Yieh United Steel Company Filings, last reported 9 months ago.

GTSM:9957 Past Debt and Equity Data
Date (Data in TWD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 17,433.23 30,955.63 1,362.97
2019-03-31 17,433.23 30,955.63 1,362.97
2018-12-31 19,194.18 31,934.82 1,336.67
2018-09-30 19,194.18 31,934.82 1,336.67
2018-06-30 20,943.32 31,953.59 999.15
2018-03-31 20,943.32 31,953.59 999.15
2017-12-31 19,680.19 30,756.67 1,339.37
2017-09-30 19,680.19 30,756.67 1,339.37
2017-06-30 19,833.99 30,159.35 924.62
2017-03-31 19,833.99 30,159.35 924.62
2016-12-31 18,615.54 30,805.73 949.39
2016-09-30 18,615.54 30,805.73 949.39
2016-06-30 18,090.72 32,260.66 1,126.59
2016-03-31 18,090.72 32,260.66 1,126.59
2015-12-31 18,388.84 30,931.31 1,413.80
2015-09-30 18,388.84 30,931.31 1,413.80
2015-06-30 20,309.38 32,871.39 2,014.85
2015-03-31 20,309.38 32,871.39 2,014.85
2014-12-31 19,080.70 33,089.99 2,690.94
2014-06-30 23,878.68 70,872.99 6,222.01
2014-03-31 23,878.68 70,872.99 6,222.01
2013-12-31 24,504.48 76,321.26 6,113.72
2013-09-30 24,504.48 76,321.26 6,113.72
2013-06-30 24,542.62 79,870.94 5,504.30
  • Yieh United Steel's level of debt (177.6%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (296.3% vs 177.6% today).
  • Debt is not well covered by operating cash flow (8.3%, less than 20% of total debt).
  • Unable to confirm if the interest payments on Yieh United Steel's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess Yieh United Steel's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Yieh United Steel has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

9957 Dividends

 What is Yieh United Steel's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Yieh United Steel dividends.
If you bought NT$2,000 of Yieh United Steel shares you are expected to receive NT$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Yieh United Steel's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Yieh United Steel's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
GTSM:9957 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Taiwan, Province of China Metals and Mining Industry Average Dividend Yield Market Cap Weighted Average of 32 Stocks 4.1%
Taiwan, Province of China Market Average Dividend Yield Market Cap Weighted Average of 1330 Stocks 4.6%
Taiwan, Province of China Minimum Threshold Dividend Yield 10th Percentile 1.8%
Taiwan, Province of China Bottom 25% Dividend Yield 25th Percentile 3.2%
Taiwan, Province of China Top 25% Dividend Yield 75th Percentile 7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

GTSM:9957 Past Annualized Dividends Data
Date (Data in NT$) Dividend per share (annual) Avg. Yield (%)
2011-08-31 0.571 6.362
2011-04-29 0.571 5.538
2010-07-15 0.000 0.000
2010-04-29 0.476 4.107
2009-08-31 0.000 0.000
2009-04-30 0.000 0.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Yieh United Steel has not reported any payouts.
  • Unable to verify if Yieh United Steel's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Yieh United Steel's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Yieh United Steel has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Yieh United Steel's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Yieh United Steel afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Yieh United Steel has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

9957 Management

 What is the CEO of Yieh United Steel's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Zhong Qi Guo
TENURE AS CEO 14.7 years
CEO Bio

Zhong Qi Guo has been the President of Yieh United Steel Corp. since August 2005. Zhong Qi Guo served as Department Head of China Steel. Zhong Qi Guo also served as President of Yieh Loong Co., Ltd. and President of Taiwan Steel Co., Ltd. Guo Zhong Qi serves as Chairman of the Board of Add Speed and serves as Director of Lianzhong Stainless Steel Corporation. Zhong Qi Guo studied Industrial Engineering at Feng Chia University.

CEO Compensation
  • Insufficient data for Zhong Qi to compare compensation growth.
  • Insufficient data for Zhong Qi to establish whether their remuneration is reasonable compared to companies of similar size in Taiwan, Province of China.
Management Team Tenure

Average tenure of the Yieh United Steel management team in years:

18.3
Average Tenure
  • The average tenure for the Yieh United Steel management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

I. Lin

TITLE
Group Founder and Chairman of the Board

Zhong Qi Guo

TITLE
President
TENURE
14.7 yrs

Huang Cai Ye

TITLE
Deputy General Manager of Finance and Director
TENURE
20.6 yrs

Rong Qing Zeng

TITLE
Vice President of Administration
TENURE
18.3 yrs

Wen Jian Xu

TITLE
Vice President of Sales
Board of Directors Tenure

Average tenure of the Yieh United Steel board of directors in years:

19.9
Average Tenure
  • The average tenure for the Yieh United Steel board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Huang Cai Ye

TITLE
Deputy General Manager of Finance and Director
TENURE
20.6 yrs

Bi Xian Li

TITLE
Director
TENURE
26 yrs

I. Lin

TITLE
Group Founder and Chairman of the Board

Ping Yong Liang

TITLE
Director
TENURE
14.4 yrs

He Xing Lai

TITLE
Director
TENURE
16.8 yrs

Yong Xian Chen

TITLE
Supervisor
TENURE
19.9 yrs

Jing Cong Huang

TITLE
Supervisor
TENURE
19.9 yrs

Lin Mao Wu

TITLE
Supervisor
TENURE
14 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (NT$) Value (NT$)
X
Management checks
We assess Yieh United Steel's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Yieh United Steel has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

9957 News

Simply Wall St News

9957 Company Info

Description

Yieh United Steel Corp. produces and sells stainless steel products in Taiwan and internationally. The company offers stainless steel billets, hot rolled black coils and plates, coils and sheets, cold rolled coils and sheets, and slabs for home and office uses, and industrial and transport applications, as well as for architecture, building, and construction applications. It also provides carbon steel products, including carbon steel slabs, billets, blacks, and plates for industrial applications. The company was founded in 1988 and is based in Kaohsiung City, Taiwan.

Details
Name: Yieh United Steel Corp.
9957
Exchange: GTSM
Founded: 1988
NT$13,599,943,470
2,620,413,000
Website: http://www.yusco.com.tw
Address: Yieh United Steel Corp.
No. 600, Xinglong Street,
Jiaxing Village,
Kaohsiung City,
82057,
Taiwan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
GTSM 9957 Common Stock Taipei Exchange TW TWD 23. Dec 2003
Number of employees
Current staff
Staff numbers
0
Yieh United Steel employees.
Industry
Steel
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/03 16:53
End of day share price update: 2020/04/01 00:00
Last earnings filing: 2019/08/14
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.