2228 — Iron Force Industrial Share Price
- TWD5.85bn
- TWD4.56bn
- TWD4.95bn
Growth & Value
| 12m Forecast Rolling | Industry | Market | |
|---|---|---|---|
| PE Ratio (f) | 15.66 | ||
| PEG Ratio (f) | 1.4 | ||
| EPS Growth (f) | 12.57% | ||
| Dividend Yield (f) | 6.91% | ||
| Valuation (ttm) | Industry | Market | |
|---|---|---|---|
| Price to Book Value | 1.18 | ||
| Price to Tang. Book | 1.19 | ||
| Price to Free Cashflow | 24.49 | ||
| Price to Sales | 1.2 | ||
| EV to EBITDA | 8.11 | ||
Shareholder Activity
| Type | Buy / Hold / Sell |
|---|---|
| Institutions | |
| Directors | |
| Community |
Guru Screens
Quality
| Name | Industry | Market | |
|---|---|---|---|
| Return on Capital | 6.38% | ||
| Return on Equity | 6.9% | ||
| Operating Margin | 7.8% | ||
Financial Summary
| Year End 31st Dec | Unit | 2021 | 2022 | 2023 | 2024 | 2025 | 2026E | 2027E | CAGR / Avg |
|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | TWDm | 3,678.58 | 4,373.78 | 4,894.26 | 5,041.49 | 4,954.07 | 4,957.75 | 5,225.25 | 7.67% |
| Operating Profit | m | ||||||||
| Net Profit | m | ||||||||
| EPS Reported | |||||||||
| Diluted Normalised EPS | |||||||||
| EPS Growth | % | +124.38 | +108.31 | +1.32 | +18.6 | -26.93 | -23.11 | +24.57 | n/a |
| PE Ratio | x | ||||||||
| PEG | |||||||||
| Profitability | |||||||||
| Operating Margin | % | ||||||||
| ROA | % | ||||||||
| ROCE | % | ||||||||
| ROE | % | ||||||||
| Cashflow | |||||||||
| Op. Cashflow ps | |||||||||
| Capex ps | |||||||||
| Free Cashflow ps | |||||||||
| Dividends | |||||||||
| Dividend ps | |||||||||
| Dividend Growth | % | ||||||||
| Dividend Yield | % | ||||||||
| Dividend Cover | x | ||||||||
| Balance Sheet | |||||||||
| Cash etc | m | ||||||||
| Working Capital | m | ||||||||
| NFA | m | ||||||||
| Net Debt | m | ||||||||
| Book Value | m | ||||||||
| Diluted Weighted Average Shares | m | ||||||||
| Book Value ps | |||||||||
Other Ratios
| Leverage (ttm) | Total | - Intang | + Pension |
|---|---|---|---|
| Gross Gearing | |||
| Net Gearing | |||
| Cash / Assets |
| Liquidity (ttm) | |
|---|---|
| Curr. Ratio | |
| Quick Ratio | |
| Interest Cov. | |
| Efficiency (ttm) | |
|---|---|
| Asset Turnover | |
| Recs Turnover | |
| Stock Turnover | |
Recent History
| Latest interim period vs. prior period | Industry | Market | |
|---|---|---|---|
| Sales Growth | |||
| EPS Growth | |||
| 3yr Compound Annual Growth Rate | Industry | Market | |
|---|---|---|---|
| Sales CAGR | |||
| EPS CAGR | |||
| DPS CAGR | |||
Profile Summary
Iron Force Industrial Co Ltd is a Taiwan-based company primarily engaged in the manufacturing of automobiles and their parts. The Company provides automotive parts and display racks. The Company’s products include side impact airbag inflator sub assembly products, side curtain airbags inflator sub bodies and parts, knee airbag inflator sub assembly, precision pipe & pinion of pretensioner seatbelts, steering system modules and components, fuel cooler pipes for electronic control units (ECUs), inflatable seatbelt assembly, electrical power steering system, buckle seatbelt pretensioners, active hood lift system, continuous damping control (CDC) damper parts and heat sinks. The Company’s products also include department store display racks, clothing racks and household goods. These display racks and hangers made of materials are primarily sold to retail chains in Europe, the United States and Japan.
Directors
- Zhengyi Huang CHM
- Zhengzhong Huang CEO
- Zhigang Li DGM
- Zhaoren Lin DGM
- Anqi Zhang DGM
- Edward Y. Way DRC
- Yuanzhen Zhang DRC
- Sha-Wei Chang IND
- Yaozu Shi IND
- Suhuan Wu IND
- Last Annual
- December 31st, 2025
- Last Interim
- June 30th, 2026
- Incorporated
- April 27th, 1977
- Public Since
- October 15th, 2012
- No. of Shareholders
- 11,117
- No. of Employees
- 2,082
- Sector
- Automobiles & Auto Parts
- Industry
- Consumer Cyclicals
- Exchange
Taiwan Stock Exchange
- Shares in Issue
- 79,780,000

- Address
- 19 Floor, N. 98, Section 1, NEW TAIPEI CITY, 221
- Web
- https://www.ironforce.com.tw
- Phone
- +886 226962818
- Contact
- Li-Nung Chen
- Auditors
- PricewaterhouseCoopers LLP
Latest News for 2228
Upcoming Events for 2228
Q3 2026 Iron Force Industrial Co Ltd Earnings Release
Q4 2026 Iron Force Industrial Co Ltd Earnings Release
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FAQ
As of Today at 03:25 UTC, shares in Iron Force Industrial are trading at TWD73.30. This share price information is delayed by 15 minutes.
Shares in Iron Force Industrial last closed at TWD73.30 and the price had moved by -24.74% over the past 365 days. In terms of relative price strength the Iron Force Industrial share price has underperformed the FTSE Developed Asia Pacific Index by -45.03% over the past year.
The overall consensus recommendation for Iron Force Industrial is Hold. You can view the full broker recommendation list by unlocking its StockReport.
Find out moreThe Iron Force Industrial dividend yield is 6.14% based on the trailing twelve month period.
Last year, Iron Force Industrial paid a total dividend of TWD4.50, and it currently has a trailing dividend yield of 6.14%. We do not have any data on when Iron Force Industrial is to next pay dividends.
We do not have data on when Iron Force Industrial is to next pay dividends. The historic dividend yield on Iron Force Industrial shares is currently 6.14%.
To buy shares in Iron Force Industrial you'll need a share-dealing account with an online or offline stock broker. Once you have opened your account and transferred funds into it, you'll be able to search and select shares to buy and sell. You can use Stockopedia’s share research software to help you find the the kinds of shares that suit your investment strategy and objectives.
As of the previous close price of TWD73.30, shares in Iron Force Industrial had a market capitalisation of TWD5.85bn.
Here are the trading details for Iron Force Industrial:
- Country of listing: Taiwan
- Exchange: TAI
- Ticker Symbol: 2228
Based on an overall assessment of its quality, value and momentum Iron Force Industrial is currently classified as a Contrarian. The classification is based on a composite score that examines a wide range of fundamental and technical measures. Stock are classified on the the following spectrum: Super Stocks, High Flyers, Contrarians, Turnarounds, Neutral, Value Traps, Momentum Traps, Falling Stars, and Sucker Stocks. For more information, learn about our StockRank Styles.
The analyst consensus target price for shares in Iron Force Industrial is TWD81.00. That is 10.5% above the last closing price of TWD73.30.
Analysts covering Iron Force Industrial currently have a consensus Earnings Per Share (EPS) forecast of TWD3.92 for the next financial year.
Find out moreAn important predictor of whether a stock price will go up is its track record of momentum. Price trends tend to persist, so it's worth looking at them when it comes to a share like Iron Force Industrial. Over the past six months, its share price has underperformed the FTSE Developed Asia Pacific Index by -21.81%.
As of the last closing price of TWD73.30, shares in Iron Force Industrial were trading -15.85% below their 200 day moving average. You can read more about the power of momentum in assessing share price movements on Stockopedia.
The Iron Force Industrial PE ratio based on its reported earnings over the past 12 months is 15.66. The shares last closed at TWD73.30.
The PE ratio (or price-to-earnings ratio) is the one of the most popular valuation measures used by stock market investors. It is calculated by dividing a company's price per share by its earnings per share.
The PE ratio can be seen as being expressed in years, in the sense that it shows the number of years of earnings which would be required to pay back the purchase price, ignoring inflation. So in general terms, the higher the PE, the more expensive the stock is.
Iron Force Industrial's management team is headed by:
- Zhengyi Huang - CHM
- Zhengzhong Huang - CEO
- Zhigang Li - DGM
- Zhaoren Lin - DGM
- Anqi Zhang - DGM
- Edward Y. Way - DRC
- Yuanzhen Zhang - DRC
- Sha-Wei Chang - IND
- Yaozu Shi - IND
- Suhuan Wu - IND





