Stock 2105 CHENG SHIN RUBBER IND. CO., LTD.
Add to a list
To use this feature you must be a member
Log inSign up

Financials Cheng Shin Rubber Ind. Co., Ltd.

Equities

2105

TW0002105004

Tires & Rubber Products

End-of-day quote Taiwan S.E.
Other stock markets
 18:00:00 2024-06-30 EDT 		5-day change 1st Jan Change
49.35 TWD -0.20% Intraday chart for Cheng Shin Rubber Ind. Co., Ltd. -0.50% +9.91%
05-14 Cheng Shin Rubber Ind. Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024 CI
05-14 Cheng Shin Rubber Ind. Co., Ltd. Announces Cash Dividend, Payable on July 10, 2024 CI

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 135,491 142,784 117,015 109,884 145,540 159,964 - -
Enterprise Value (EV) 1 165,344 163,019 129,733 123,112 148,726 156,023 151,615 147,169
P/E ratio 39.1 x 23.8 x 22.3 x 22.2 x 20.2 x 18.3 x 16.1 x 13.7 x
Yield 2.63% 2.72% 3.32% 4.13% 4.45% 4.98% 5.65% 6.61%
Capitalization / Revenue 1.24 x 1.48 x 1.15 x 1.11 x 1.51 x 1.6 x 1.52 x 1.36 x
EV / Revenue 1.51 x 1.69 x 1.28 x 1.25 x 1.55 x 1.56 x 1.44 x 1.26 x
EV / EBITDA 8.24 x 7.9 x 6.87 x 6.8 x 7.06 x 6.77 x 6.41 x 6.24 x
EV / FCF 16.8 x 13.8 x 11.7 x 10.9 x 8.24 x 11.4 x 10.3 x -
FCF Yield 5.97% 7.24% 8.56% 9.14% 12.1% 8.74% 9.71% -
Price to Book 1.75 x 1.78 x 1.45 x 1.31 x 1.7 x 1.8 x 1.76 x 1.7 x
Nbr of stocks (in thousands) 3,241,416 3,241,416 3,241,416 3,241,416 3,241,416 3,241,416 - -
Reference price 2 41.80 44.05 36.10 33.90 44.90 49.35 49.35 49.35
Announcement Date 20-03-24 21-03-23 22-03-24 23-03-16 24-03-14 - - -
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 109,508 96,209 101,537 98,623 96,201 100,248 105,566 117,219
EBITDA 1 20,058 20,644 18,896 18,096 21,058 23,049 23,637 23,583
EBIT 1 7,003 8,597 7,654 7,374 10,358 12,551 13,629 15,644
Operating Margin 6.4% 8.94% 7.54% 7.48% 10.77% 12.52% 12.91% 13.35%
Earnings before Tax (EBT) 1 5,827 8,157 7,156 6,971 10,507 12,242 13,678 -
Net income 1 3,467 5,989 5,270 4,961 7,182 8,715 9,719 -
Net margin 3.17% 6.22% 5.19% 5.03% 7.47% 8.69% 9.21% -
EPS 2 1.070 1.850 1.620 1.530 2.220 2.690 3.063 3.610
Free Cash Flow 1 9,865 11,806 11,100 11,256 18,043 13,632 14,719 -
FCF margin 9.01% 12.27% 10.93% 11.41% 18.76% 13.6% 13.94% -
FCF Conversion (EBITDA) 49.18% 57.19% 58.74% 62.2% 85.68% 59.14% 62.27% -
FCF Conversion (Net income) 284.56% 197.13% 210.63% 226.87% 251.21% 156.42% 151.45% -
Dividend per Share 2 1.100 1.200 1.200 1.400 2.000 2.460 2.790 3.260
Announcement Date 20-03-24 21-03-23 22-03-24 23-03-16 24-03-14 - - -
1TWD in Million2TWD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 24,177 24,778 24,058 26,827 22,960 - 24,623 25,333 22,717 23,622 25,220 26,458 24,947 24,018 26,094
EBITDA - - - - - - - - - - - - - - -
EBIT 1 1,335 1,680 1,838 2,104 1,752 - 2,631 3,090 2,749 2,736 3,065 3,466 2,750 2,852 3,590
Operating Margin 5.52% 6.78% 7.64% 7.84% 7.63% - 10.68% 12.2% 12.1% 11.58% 12.15% 13.1% 11.02% 11.87% 13.76%
Earnings before Tax (EBT) 1 1,290 1,851 1,732 2,142 1,246 - 2,915 2,941 2,451 3,040 3,039 3,440 2,723 3,129 3,777
Net income 1 918.3 1,374 1,148 1,510 928.7 1,583 2,078 1,972 1,550 2,220 2,186 2,406 1,904 2,231 2,655
Net margin 3.8% 5.55% 4.77% 5.63% 4.05% - 8.44% 7.78% 6.82% 9.4% 8.67% 9.09% 7.63% 9.29% 10.17%
EPS 2 0.2800 0.4200 0.3500 0.4700 0.2900 0.4900 0.6400 0.6100 0.4800 0.6800 0.6700 0.7400 0.5900 0.6900 0.8200
Dividend per Share - - - - - - - - - - - - - - -
Announcement Date 22-03-24 22-05-11 22-08-10 22-11-10 23-03-16 23-05-12 23-08-10 23-11-09 24-03-14 24-05-14 - - - - -
1TWD in Million2TWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 29,853 20,235 12,718 13,228 3,187 - - -
Net Cash position 1 - - - - - 3,941 8,349 12,795
Leverage (Debt/EBITDA) 1.488 x 0.9802 x 0.6731 x 0.731 x 0.1513 x - - -
Free Cash Flow 1 9,865 11,806 11,100 11,256 18,043 13,632 14,719 -
ROE (net income / shareholders' equity) 4.43% 7.59% 6.53% 6.02% 8.49% 10% 10.9% 12.6%
ROA (Net income/ Total Assets) 2.05% 3.8% 3.5% 3.36% 5% 6% 6.31% -
Assets 1 169,402 157,682 150,523 147,805 143,734 145,250 154,148 -
Book Value Per Share 2 23.90 24.80 25.00 25.90 26.40 27.40 28.00 29.00
Cash Flow per Share - - - - - - - -
Capex 1 8,588 6,596 4,395 3,261 3,027 3,098 3,787 -
Capex / Sales 7.84% 6.86% 4.33% 3.31% 3.15% 3.09% 3.59% -
Announcement Date 20-03-24 21-03-23 22-03-24 23-03-16 24-03-14 - - -
1TWD in Million2TWD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Cheng Shin Rubber Ind. Co., Ltd.

Trading Rating
Investor Rating
ESG Refinitiv
B-
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
4
Last Close Price
49.35 TWD
Average target price
54.5 TWD
Spread / Average Target
+10.44%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Tire & Tube Manufacturers

1st Jan change Capi.
CHENG SHIN RUBBER IND. CO., LTD. Stock Cheng Shin Rubber Ind. Co., Ltd.
+9.91% 4.91B
BALKRISHNA INDUSTRIES LIMITED Stock Balkrishna Industries Limited
+21.85% 7.38B
MRF LIMITED Stock MRF Limited
-0.69% 6.59B
PIRELLI & C. S.P.A. Stock Pirelli & C. S.p.A.
+11.59% 6.02B
APOLLO TYRES LIMITED Stock Apollo Tyres Limited
+17.94% 4.15B
HANKOOK TIRE & TECHNOLOGY CO., LTD. Stock Hankook Tire & Technology Co., Ltd.
-1.10% 3.96B
SHANDONG LINGLONG TYRE CO.,LTD. Stock Shandong Linglong Tyre Co.,Ltd.
-3.28% 3.75B
QINGDAO SENTURY TIRE CO., LTD. Stock Qingdao Sentury Tire Co., Ltd.
+20.35% 3.48B
PT MULTISTRADA ARAH SARANA TBK Stock PT Multistrada Arah Sarana Tbk
+48.29% 3.18B
TRIANGLE TYRE CO.,LTD Stock Triangle Tyre Co.,Ltd
+7.01% 1.7B
Tire & Tube Manufacturers
  1. Stock Market
  2. Equities
  3. 2105 Stock
  4. Financials Cheng Shin Rubber Ind. Co., Ltd.