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Kaori Heat Treatment Co., Ltd. (8996.TW)

TWD1,175.00 -65.00 (-5.24%)
TW TAI Industrials Industrial - Machinery
Address No. 5-2, Chi-Lin North Road 32062
Taoyuan City, TW
CEO Chih-Hsyong Wu
IPO 2007-12-31
ISIN TW0008996000

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Description

Kaori Heat Treatment Co., Ltd. is a Taiwanese company, established in 1970 and headquartered in Taoyuan City, that specializes in the design, manufacturing, and global distribution of heat exchanger solutions. Their primary product offerings include brazed plate heat exchangers, which are widely utilized across various applications such as HVAC systems, refrigeration, general cooling and heating, heat recovery, and green energy initiatives, serving both industrial and residential clients. Additionally, the company provides a range of associated components, including connectors, flanges, insulation foams, and stud bolts.

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
TWD1,175.00 -65.00 (-5.24%)
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Volume Profile
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Liquidity & share structure
Average Volume
3M
Beta
1.49
Float Shares
75.19M
Free Float %
81.7%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-2.40% -0.98% -16.80% +15.47% +95.19% +75.00% +310.93% +386.81% +2,536.36% +1,392.65% +7,525.85%
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
1,175.00
DCF (Unlevered) 5.40 -99.5%
DCF (Levered) 164.67 -86.0%

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) 100% Bullish
Rating 2026-05 Change
Strong Buy 1 0
Buy 3 0
Hold 0 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
16.84
Safe zone
Piotroski F-Score
4 / 9
Average
MOAT Score
4 / 10
Developing
Composite Rating
B
Overall Score
3 / 5
Medium
DCF Score
3 / 5
Medium
ROE Score
5 / 5
High
ROA Score
5 / 5
High
D/E Score
2 / 5
Medium
P/E Score
1 / 5
Low
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers
  • Revenue growth Industrial - Machinery: +7.4%
    +64.4% Q1'26: +237.6% (vs Q1'25)
  • EPS growth Industrial - Machinery: +15.6%
    +42.8% Q1'26: +347.9% (vs Q1'25)
  • FCF margin FCF growth · Industrial - Machinery: +38.2%
    +4.2% Q1'26: -2.4% (vs Q1'25)
  • EBIT margin Industrial - Machinery: +10.0%
    +16.5% Q1'26: +20.7% (vs Q1'25)
  • ROIC Industrial - Machinery: +6.8%
    +22.0% Q1'26: +58.2% (vs Q1'25)
  • Share dilution Industrial - Machinery: +0.0%
    -2.3% Q1'26: +1.5% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Industrial - Machinery: -0.65×
    1.14× Q1'26: 0.51× (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 (1.65) × ERP
WACC = 99% × Ke + 1% × Kd (4.1%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 5.40 Current price: 1,175.00
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 2016
actual
Dec 2017
actual
Dec 2018
actual
Dec 2019
actual
Dec 2020
actual
Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
3 Rev. Ana.
3 EPS Ana.
Dec 2027
4 Rev. Ana.
3 EPS Ana.
Dec 2028
2 Rev. Ana.
2 EPS Ana.
Revenue
2.18B
est: 2.71B (-19.6%)
2.71B
est: 2.63B (+2.9%)
1.78B
est: 2.71B (-34.3%)
1.93B
est: 2.63B (-26.6%)
2.08B
est: 2.34B (-11.1%)
2.08B
est: 1.92B (+8.0%)
2.23B
est: 2.22B (+0.5%)
2.84B
est: 2.69B (+5.8%)
4.33B
est: 3.85B (+12.5%)
4.00B
est: 4.07B (-1.7%)
6.58B
est: 6.48B (+1.5%)
15.10B
14.60B – 15.63B
+133.1% YoY
23.19B
16.96B – 26.36B
+53.5% YoY
31.81B
31.81B – 31.81B
+37.2% YoY
EBITDA
344.49M
est: 479.25M (-28.1%)
486.04M
est: 465.10M (+4.5%)
246.91M
est: 479.25M (-48.5%)
340.90M
est: 465.10M (-26.7%)
315.85M
est: 414.52M (-23.8%)
279.21M
est: 340.07M (-17.9%)
317.41M
est: 392.59M (-19.2%)
515.94M
est: 475.18M (+8.6%)
837.65M
est: 725.89M (+15.4%)
930.41M
est: 768.52M (+21.1%)
1.28B
est: 1.22B (+4.4%)
2.85B
2.76B – 2.95B
+133.1% YoY
4.38B
3.20B – 4.97B
+53.5% YoY
6.00B
6.00B – 6.00B
+37.2% YoY
EBIT
206.37M
est: 364.74M (-43.4%)
370.20M
est: 353.97M (+4.6%)
88.78M
est: 364.74M (-75.7%)
296.77M
est: 353.97M (-16.2%)
203.97M
est: 315.48M (-35.3%)
163.38M
est: 258.82M (-36.9%)
205.85M
est: 298.79M (-31.1%)
403.20M
est: 361.65M (+11.5%)
711.44M
est: 581.09M (+22.4%)
772.38M
est: 615.21M (+25.5%)
1.08B
est: 979.32M (+10.6%)
2.28B
2.21B – 2.36B
+133.1% YoY
3.50B
2.56B – 3.98B
+53.5% YoY
4.81B
4.81B – 4.81B
+37.2% YoY
Net Income
185.37M
est: 281.80M (-34.2%)
311.43M
est: 346.50M (-10.1%)
56.14M
est: 281.80M (-80.1%)
229.73M
est: 346.50M (-33.7%)
158.14M
est: 237.87M (-33.5%)
112.52M
est: 141.41M (-20.4%)
149.16M
est: 180.74M (-17.5%)
301.02M
est: 279.77M (+7.6%)
576.53M
est: 536.57M (+7.4%)
593.04M
est: 553.85M (+7.1%)
829.55M
est: 781.68M (+6.1%)
1.97B
1.93B – 2.00B
+151.5% YoY
3.44B
2.42B – 3.70B
+75.0% YoY
4.72B
4.57B – 4.81B
+37.2% YoY
SGA
251.99M
est: 325.30M (-22.5%)
294.81M
est: 315.70M (-6.6%)
282.97M
est: 325.30M (-13.0%)
290.68M
est: 315.70M (-7.9%)
296.09M
est: 281.37M (+5.2%)
280.30M
est: 230.83M (+21.4%)
295.84M
est: 266.48M (+11.0%)
354.96M
est: 322.54M (+10.1%)
426.88M
est: 420.42M (+1.5%)
436.74M
est: 445.11M (-1.9%)
536.03M
est: 708.55M (-24.3%)
1.65B
1.60B – 1.71B
+133.1% YoY
2.54B
1.85B – 2.88B
+53.5% YoY
3.48B
3.48B – 3.48B
+37.2% YoY
EPS
2.07
est: 3.01 (-31.2%)
3.48
est: 3.70 (-5.9%)
0.63
est: 3.01 (-79.1%)
2.57
est: 3.70 (-30.5%)
1.77
est: 2.54 (-30.3%)
1.26
est: 1.51 (-16.6%)
1.67
est: 1.93 (-13.5%)
3.37
est: 2.99 (+12.7%)
6.45
est: 5.99 (+7.6%)
6.56
est: 6.83 (-4.0%)
9.07
est: 8.99 (+0.8%)
21.56
21.09 – 21.90
+139.7% YoY
35.14
26.45 – 40.42
+63.0% YoY
51.30
49.97 – 52.62
+46.0% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-12 B 3/5 3/5 5/5 5/5 2/5 1/5 1/5
2026-05-11 B 3/5 3/5 5/5 5/5 2/5 1/5 1/5
2026-05-08 B 3/5 3/5 5/5 5/5 2/5 1/5 1/5
2026-05-07 B 3/5 3/5 5/5 5/5 2/5 1/5 1/5
2026-05-06 B 3/5 3/5 5/5 5/5 2/5 1/5 1/5
2026-05-05 B 3/5 3/5 5/5 5/5 2/5 1/5 1/5
2026-05-04 B 3/5 3/5 5/5 5/5 2/5 1/5 1/5
2026-04-30 B 3/5 3/5 5/5 5/5 2/5 1/5 1/5
2026-04-29 B 3/5 3/5 5/5 5/5 2/5 1/5 1/5
2026-04-28 B 3/5 3/5 5/5 5/5 2/5 1/5 1/5
2026-04-27 B 3/5 3/5 5/5 5/5 2/5 1/5 1/5
2026-04-24 B 3/5 3/5 5/5 5/5 2/5 1/5 1/5
2026-04-23 B 3/5 3/5 5/5 5/5 2/5 1/5 1/5
2026-04-22 B 3/5 3/5 5/5 5/5 2/5 1/5 1/5
2026-04-21 B 3/5 3/5 5/5 5/5 1/5 1/5 1/5
2026-04-20 B 3/5 3/5 5/5 5/5 1/5 1/5 1/5
2026-04-17 B 3/5 3/5 5/5 5/5 1/5 1/5 1/5
2026-04-16 B 3/5 3/5 5/5 5/5 1/5 1/5 1/5
2026-04-15 B 3/5 3/5 5/5 5/5 1/5 1/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
1.39B
OE per share TTM
14.95
Owner's Yield
1.39%
Maintenance CapEx ratio
92.51%
Maint CapEx / Avg PPE
49.7%

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.

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
2.10M
Shares Outstanding
91.98M

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
Chih-Hsyong Wu Chairperson & Chief Executive Officer 16M male
Hsin-Wu Wang GM & Director 11M
Hung-Hsing Huang Vice GM & Director 8M
Hung-Yi Chiu Deputy General Manager 4M
Rui Zhong Xu Deputy General Manager 4M
Wu-Hsing Chou Deputy General Manager 4M
Yung Cheng Hsu Assistant Manager 3M male
Chiu Ming Chu Assistant Manager 3M female
Jui-Chin Chuang Financial Officer
Wan-Ching Chang Accounting Officer & Accounting Supervisor
Huang Chief Strategy Officer
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