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Hocheng Corporation (1810.TW)

TWD31.10 +2.30 (+7.99%)
TW TAI Consumer Cyclical Furnishings, Fixtures & Appliances
Address No. 398, Xingshan Road 114
Taipei, TW
CEO Shih-Chieh Chen
Website hcg.com.tw
IPO 2000-01-04
ISIN TW0001810000

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Description

Hocheng Corporation is an international provider of bathroom products, serving markets both in Taiwan and worldwide through its subsidiaries. Its extensive product portfolio encompasses a broad range of sanitary ceramics, including fixtures and their attachments, various types of tiles, specialized ceramic items such as toys, fine and electronic ceramics, voltage insulators, bricks, and a diverse selection of ceramic tableware, containers, and artistic pieces. The company also produces refractory materials, heat insulating materials, and other kiln-fired ceramic goods. Complementing these are numerous bathroom accessories like cosmetic mirrors, paper towel holders, soap dishes, mug holders, towel rings and racks, clothes hooks, makeup plates, and ashtrays. Hocheng's offerings extend to water-supply copper wares, milling tubes, vanishes, enamel products, and various other fabrication accessories. The company also manufactures a wide array of electrical and gas-powered appliances for bathrooms and homes, such as electric and gas water heaters, water boilers, dispensers, flushers, and filters. Additionally, their lineup includes bathroom dryers, air purifiers, sauna heaters, hand dryers, advanced automatic toilet cover devices, and dehydrators. In the construction sector, Hocheng provides essential building components like fire doors, various partition and tile walls, door windows, along with larger modular bathroom units, reservoirs, bathtubs, toilet covers, and glass fiber products. For industrial applications, the company supplies different categories of furnaces – including batch, continuous, and semi-continuous types – along with their respective components. They also offer controlling and testing instruments as well as sensor components. Beyond manufacturing, Hocheng is significantly diversified. It undertakes the construction, leasing, and sale of both public housing and commercial buildings. The firm also specializes in producing and trading pre-cast concrete and curtain wall products. Further business ventures include providing services for the display, introduction, and sale of domestic and international art and folk crafts. The company engages in import and export trade, including related interbank endorsement and guarantees. It also handles the import, export, installation, and sale of wood and plastic kitchen appliances and their parts. Moreover, Hocheng conducts import, export, wholesale, and retail operations for luxury items such as watches, perfumes, and general departmental merchandise. Interior decoration design and construction are also within its service scope, as is the trading of materials, bathroom equipment, artistic ceiling fans, and lighting fixtures. Established in 1931, Hocheng Corporation maintains its headquarters in Taipei, Taiwan.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
TWD31.10 +2.30 (+7.99%)
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Volume Profile
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Liquidity & share structure
Average Volume
3M
Beta
1.06
Float Shares
262.05M
Free Float %
86.8%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-2.50% +1.56% +12.07% +1.83% +10.17% +11.11% +20.00% -16.13% +42.75% +109.68% +28.46%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
31.10
DCF (Unlevered) 14.21 -54.3%
DCF (Levered) 19.40 -37.6%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM)
Rating 2024-11 Change
Strong Buy 0 0
Buy 0 0
Hold 0 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
2.84
Grey zone
Piotroski F-Score
6 / 9
Average
MOAT Score
3 / 10
No MOAT
Composite Rating
A
Overall Score
4 / 5
High
DCF Score
3 / 5
Medium
ROE Score
4 / 5
High
ROA Score
5 / 5
High
D/E Score
3 / 5
Medium
P/E Score
4 / 5
High
P/Book Score
4 / 5
High
Operational MOAT
✗ Below peers
  • Revenue growth Furnishings, Fixtures & Appliances: +2.7%
    -6.2% Q1'26: -8.1% (vs Q1'25)
  • EPS growth Furnishings, Fixtures & Appliances: +4.0%
    -75.1% Q1'26: +4,144.4% (vs Q1'25)
  • FCF margin FCF growth · Furnishings, Fixtures & Appliances: +24.2%
    +5.5% Q1'26: -7.9% (vs Q1'25)
  • EBIT margin Furnishings, Fixtures & Appliances: +6.9%
    -1.1% Q1'26: -19.1% (vs Q1'25)
  • ROIC Furnishings, Fixtures & Appliances: +6.4%
    -0.4% Q1'26: -9.1% (vs Q1'25)
  • Share dilution Furnishings, Fixtures & Appliances: +0.1%
    +15.9% Q1'26: -5.3% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Furnishings, Fixtures & Appliances: -0.16×
    5.17× Q1'26: -1.22× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (1.03) × ERP
WACC = 90% × Ke + 10% × Kd (4.1%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 14.27 Current price: 31.10
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2015
actual
Dec 2017
actual
Dec 2018
actual
Revenue
5.97B
est: 5.94B (+0.5%)
5.71B
est: 5.75B (-0.8%)
5.47B
est: 5.86B (-6.7%)
EBITDA
491.02M
est: 906.47M (-45.8%)
542.81M
est: 877.52M (-38.1%)
283.05M
est: 893.84M (-68.3%)
EBIT
271.87M
est: 643.39M (-57.7%)
322.46M
est: 622.84M (-48.2%)
74.45M
est: 634.43M (-88.3%)
Net Income
127.43M
est: 150.98M (-15.6%)
167.99M
est: 117.77M (+42.6%)
-65.54M
est: 138.90M (-147.2%)
SGA
1.37B
est: 1.32B (+4.4%)
1.24B
est: 1.27B (-2.3%)
1.15B
est: 1.30B (-11.6%)
EPS
0.43
est: 0.50 (-14.2%)
0.56
est: 0.39 (+43.3%)
-0.22
est: 0.46 (-147.7%)
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-29 A 4/5 3/5 4/5 5/5 3/5 4/5 4/5
2026-05-28 A 4/5 3/5 4/5 5/5 3/5 4/5 4/5
2026-05-27 A 4/5 3/5 4/5 5/5 3/5 4/5 4/5
2026-05-26 A 4/5 3/5 4/5 5/5 3/5 4/5 4/5
2026-05-25 A 4/5 3/5 4/5 5/5 3/5 4/5 4/5
2026-05-22 A 4/5 3/5 4/5 5/5 3/5 4/5 4/5
2026-05-21 C 2/5 3/5 1/5 1/5 1/5 4/5 1/5
2026-05-20 C 2/5 3/5 1/5 1/5 1/5 4/5 1/5
2026-05-19 C 2/5 3/5 1/5 1/5 1/5 4/5 1/5
2026-05-18 C 2/5 3/5 1/5 1/5 1/5 4/5 1/5
2026-05-15 C 2/5 3/5 1/5 1/5 1/5 4/5 1/5
2026-05-14 C 2/5 3/5 1/5 1/5 1/5 4/5 1/5
2026-05-13 C 2/5 3/5 1/5 1/5 1/5 4/5 1/5
2026-05-12 C 2/5 3/5 1/5 1/5 1/5 4/5 1/5
2026-05-11 C 2/5 3/5 1/5 1/5 1/5 4/5 1/5
2026-05-08 B 3/5 3/5 2/5 3/5 3/5 1/5 5/5
2026-05-07 B 3/5 3/5 2/5 3/5 3/5 1/5 5/5
2026-05-06 B 3/5 3/5 2/5 3/5 3/5 1/5 5/5
2026-05-05 B 3/5 3/5 2/5 3/5 3/5 1/5 5/5
2026-05-04 B 3/5 3/5 2/5 3/5 3/5 1/5 5/5
2026-04-30 B 3/5 3/5 2/5 4/5 2/5 1/5 5/5
2026-04-29 B 3/5 3/5 2/5 4/5 2/5 1/5 5/5
2026-04-28 B 3/5 3/5 2/5 4/5 2/5 1/5 5/5
2026-04-27 B- 3/5 3/5 1/5 4/5 2/5 1/5 4/5
2026-04-24 B- 3/5 3/5 1/5 4/5 2/5 1/5 4/5
2026-04-23 B- 3/5 3/5 1/5 4/5 2/5 1/5 4/5
2026-04-22 B- 3/5 3/5 1/5 4/5 2/5 1/5 4/5
2026-04-21 B- 3/5 3/5 1/5 4/5 2/5 1/5 4/5
2026-04-20 B- 3/5 3/5 1/5 4/5 2/5 1/5 4/5
2026-04-17 B- 3/5 3/5 1/5 4/5 2/5 1/5 4/5
2026-04-16 B- 3/5 3/5 1/5 4/5 2/5 1/5 4/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
-192.12M
OE per share TTM
-0.71
Owner's Yield
-3.28%
Maintenance CapEx ratio
7.75%
Maint CapEx / Avg PPE
74.2%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 10 ETFs in our universe

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
-15.9K
Shares Outstanding
301.86M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Shih-Chieh Chen General Manager male
Yue Ying Luo Accounting Supervisor
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits