Employees: 909
Size YC Inox (2034.TW) is a Taiwan Materials company (Steel) with a market value of $344M, the 597th largest of 687 Taiwan companies the cockpit tracks. Shares closed at NT$21.50 on 6 Nov 2026.
Performance Over six months the shares gained 3.6%, against -3.0% for the median peer and -3.4% for the Taiwan market (cap-weighted) — 8th highest of 20 in its peer set.
Growth Revenue fell 20.0% over the last twelve months (peer median +8.9%); the operating margin is 2.7% (peer median 2.7%).
Valuation It trades at 32.6× forward earnings against a peer median of 22.5× (4th most expensive of 12).
Capital Return on invested capital runs 3.8 points below its cost of capital (5.0% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | NT$11.9B | NT$12.5B | NT$14.5B | NT$15.2B | NT$16.8B |
| Revenue growth | — | -14% | -5% | -10% | — |
| Gross profit | NT$1.08B | NT$1.02B | NT$1.68B | NT$1.05B | NT$2.14B |
| EBITDA | NT$938M | NT$760M | NT$1.02B | NT$699M | NT$1.28B |
| Net income | NT$221M | NT$108M | -NT$103M | -NT$170M | NT$518M |
| Free cash flow | -NT$927M | -NT$651M | -NT$2.02B | -NT$271M | NT$210M |
| Capital expenditure | NT$612M | NT$964M | NT$1.80B | NT$1.22B | NT$1.37B |
| Total debt | NT$12.9B | NT$11.1B | NT$10.0B | NT$8.31B | NT$7.65B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 2034.TW | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -8.5% | -6.4% | 9th lowest of 21 |
| 6-month return | +3.6% | -3.0% | 8th highest of 20 |
| Distance from 52-week high | -14.0% | -25.2% | 4th highest of 21 |
| Revenue growth (TTM) | -20.0% | +8.9% | 2nd lowest of 20 |
| Operating margin | 2.7% | 2.7% | 9th lowest of 20 |
| Forward P/E | 32.6× | 22.5× | 4th most expensive of 12 |
| ROIC minus cost of capital | -3.8 pp | -4.9 pp | 9th highest of 19 |
| EV / EBITDA | 24.7× | 15.6× | 2nd most expensive of 10 |
| Net debt / EBITDA | 12.6× | -0.4× | most indebted of 13 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| YC Inox 2034.TW | Taiwan | $344M | +4% | -20% | 3% | 32.6× | n/a | n/a |
| SeAH 058650.KS | South Korea | $346M | -27% | +16% | 4% | n/a | n/a | n/a |
| Chubu Steel Plate 5461.T | Japan | $353M | -3% | +19% | 0% | n/a | n/a | n/a |
| Kg Dongbusteel 016380.KS | South Korea | $354M | -32% | +6% | 2% | 3.6× | -14.9% | +6.4% |
| Tubacex TUB.MC | Spain | $358M | -6% | -7% | -2% | 76.4× | 15.7% | +9.3% |
| John Cockerill India COCKERILL.NS | India | $358M | +23% | +174% | -1% | n/a | 21.5% | +0.4% |
| Jiangsu Wujin Stainless Steel Pipe 603878.SS | China | $360M | -46% | -9% | -4% | 22.5× | 6.6% | -0.6% |
| Ratnaveer Precision Engineering RATNAVEER.NS | India | $325M | +106% | +21% | 8% | 19.9× | n/a | n/a |
| A-One Steels India AONESTEELS.NS | India | $323M | n/a | n/a | n/a | n/a | n/a | n/a |
| Vardhman Special Steels VSSL.NS | India | $371M | +31% | +15% | 11% | 25.5× | n/a | n/a |
| Welspun Specialty Solutions WELSPLSOL.NS | India | $316M | +5% | +5% | 3% | 20.7× | n/a | n/a |
| JTL Industries JTLIND.NS | India | $314M | -8% | +16% | 7% | 19.2× | n/a | n/a |
| Venus Pipes & Tubes VENUSPIPES.NS | India | $377M | +21% | +22% | 14% | 25.9× | n/a | n/a |
| Kirloskar Industries KIRLOSIND.NS | India | $381M | +2% | +4% | 8% | 73.3× | 3.2% | +27.5% |
| DONGKUK STEEL MILL 460860.KS | South Korea | $308M | -45% | +12% | 3% | 8.5× | n/a | n/a |
| Steelcast STEELCAS.NS | India | $387M | +23% | +9% | 24% | n/a | 30.2% | +22.2% |
| Kalyani Steels KSL.NS | India | $392M | -5% | -5% | 17% | n/a | 19.1% | +9.4% |
| Kisco 104700.KS | South Korea | $302M | +22% | +2% | -9% | n/a | n/a | n/a |
| SeAH Steel 003030.KS | South Korea | $298M | -58% | +11% | 2% | n/a | n/a | n/a |
| Tokyo Tekko 5445.T | Japan | $296M | +3% | -2% | 14% | n/a | n/a | n/a |
| Jiangsu Safety 603028.SS | China | $290M | -22% | -45% | -17% | 84.8× | n/a | n/a |