TSRC Corporation Logo

TSRC Corporation

2103.TW

(2.0)
Stock Price

23,35 TWD

2.32% ROA

4.88% ROE

21.31x PER

Market Cap.

20.642.750.000,00 TWD

62.19% DER

2.24% Yield

2.91% NPM

TSRC Corporation Stock Analysis

TSRC Corporation Fundamental Analysis

Fundamental analysis in stock investing is like studying the foundation of a house before buying it. It involves looking at a company's financial health, like its earnings, assets, and debts, to determine if it's a good investment based on its fundamental strength and potential for growth.

TSRC Corporation Fundamental Stock Analysis
# Analysis Rating
1 Dividend

With a solid track record of dividend payments over the past five years, the company has established itself as a dependable choice for investors seeking consistent income.

2 ROE

ROE in an average range (2.71%) suggests satisfactory profitability and decent utilization of shareholders' equity.

3 ROA

The stock's ROA (1.36%) shows that it's doing a pretty good job at making money from its assets, making it a solid choice to invest and earn steady profits.

4 PBV

The stock's PBV ratio (1.02x) reflects a fair valuation, making it an attractive option for investors seeking balanced opportunities.

5 DER

The stock has a reasonable amount of debt compared to its ownership (52%), suggesting a balanced financial position and a moderate level of risk.

6 Assets Growth

Over the past three years, this company's revenue has consistently grown, demonstrating a positive financial trend that makes it an appealing choice.

7 Buffet Intrinsic Value

The company's stock seems undervalued (6.491) by Warren Buffett's formula, indicating a promising investment opportunity as its intrinsic value exceeds the market price.

8 Revenue Growth

Company has experienced no growth in revenue over the past three years, suggesting limited profitability and making it a less desirable investment opportunity.

9 Net Profit Growth

This company's net profit has remained flat over the past five years, suggesting a lack of growth and making it a less attractive investment opportunity.

10 Graham Number

The company's Graham number indicates that it is overvalued compared to its stock price, suggesting a potentially unfavorable investment opportunity.

11 Dividend Growth

The company's dividend growth has shown no improvement in the past three years, making it a less attractive investment option for those seeking increasing returns.

TSRC Corporation Technical Analysis

Technical analysis in stock investing is like reading the patterns on a weather map to predict future weather conditions. It involves studying past stock price movements and trading volumes to make predictions about where a stock's price might go next, without necessarily looking at the company's financial health.

TSRC Corporation Technical Stock Analysis
# Analysis Recommendation
1 Awesome Oscillator Hold
2 MACD Buy
3 RSI Hold
4 Stoch RSI Hold

TSRC Corporation Price Chart

Financial Statements

Financial statements are like report cards for companies. They show how much money a company makes (income statement), what it owns and owes (balance sheet), and where it spends its money (cash flow statement), helping stock investors understand if a company is healthy and worth investing in.

Income Statements

An income statement for a company is like a scoreboard for its profits and losses. It shows how much money the company made (revenue) and how much it spent to make that money (expenses), helping stock investors see if a company is making a profit or not.

Revenue in stock investing is the total amount of money a company earns from its sales, and it's a key factor that investors consider to assess a company's financial performance and growth potential.

TSRC Corporation Revenue
Year Revenue Growth
2006 22.226.813.000
2007 24.879.758.000 10.66%
2008 30.994.044.000 19.73%
2009 22.112.107.000 -40.17%
2010 36.685.708.000 39.73%
2011 55.075.318.000 33.39%
2012 45.364.375.000 -21.41%
2013 34.422.999.000 -31.79%
2014 31.868.574.000 -8.02%
2015 25.981.759.000 -22.66%
2016 26.955.090.000 3.61%
2017 31.766.237.000 15.15%
2018 29.751.218.000 -6.77%
2019 28.910.723.000 -2.91%
2020 24.024.443.000 -20.34%
2021 32.533.238.000 26.15%
2022 33.841.197.000 3.86%
2023 30.755.448.000 -10.03%
2023 31.426.889.000 2.14%
2024 35.778.832.000 12.16%

Research and Development Expenses are the costs a company incurs to create and improve its products or services, which can be important for investors to evaluate a company's innovation and potential for future growth.

TSRC Corporation Research and Development Expenses
Year Research and Development Expenses Growth
2006 110.602.000
2007 147.829.000 25.18%
2008 213.203.000 30.66%
2009 124.543.000 -71.19%
2010 169.153.000 26.37%
2011 320.928.000 47.29%
2012 352.376.000 8.92%
2013 389.147.000 9.45%
2014 363.035.000 -7.19%
2015 328.614.000 -10.47%
2016 346.700.000 5.22%
2017 375.550.000 7.68%
2018 387.948.000 3.2%
2019 389.840.000 0.49%
2020 350.678.000 -11.17%
2021 371.679.000 5.65%
2022 392.118.000 5.21%
2023 371.876.000 -5.44%
2023 396.693.000 6.26%
2024 423.632.000 6.36%

General and Administrative Expenses are the costs a company incurs to run its day-to-day operations, such as office rent, salaries, and utilities, which investors consider to understand a company's overall efficiency and management effectiveness.

TSRC Corporation General and Administrative Expenses
Year General and Administrative Expenses Growth
2006 330.891.000
2007 510.621.000 35.2%
2008 400.750.000 -27.42%
2009 420.149.000 4.62%
2010 661.708.000 36.51%
2011 929.867.000 28.84%
2012 896.784.000 -3.69%
2013 904.716.000 0.88%
2014 836.165.000 -8.2%
2015 831.773.000 -0.53%
2016 968.874.000 14.15%
2017 1.018.863.000 4.91%
2018 1.081.834.000 5.82%
2019 1.094.304.000 1.14%
2020 1.000.809.000 -9.34%
2021 1.014.618.000 1.36%
2022 1.041.939.000 2.62%
2023 1.002.800.000 -3.9%
2023 1.064.844.000 5.83%
2024 1.059.344.000 -0.52%

EBITDA stands for Earnings Before Interest, Taxes, Depreciation, and Amortization. It is a measure that helps stock investors analyze a company's profitability by looking at its earnings without considering certain expenses. This helps to get a clearer picture of the company's financial performance and its ability to generate cash flow.

TSRC Corporation EBITDA
Year EBITDA Growth
2006 3.686.655.000
2007 5.304.635.000 30.5%
2008 3.980.923.000 -33.25%
2009 4.623.769.000 13.9%
2010 6.095.944.000 24.15%
2011 11.467.978.000 46.84%
2012 5.103.490.000 -124.71%
2013 3.386.345.000 -50.71%
2014 2.857.016.000 -18.53%
2015 1.898.476.000 -50.49%
2016 2.843.982.000 33.25%
2017 2.343.058.000 -21.38%
2018 2.837.306.000 17.42%
2019 2.593.163.000 -9.41%
2020 1.797.027.000 -44.3%
2021 6.956.431.000 74.17%
2022 4.548.932.000 -52.92%
2023 3.072.900.000 -48.03%
2023 2.022.277.000 -51.95%
2024 2.708.208.000 25.33%

Gross profit is the money a company makes from selling its products or services after subtracting the cost of producing or providing them, and it is an important measure for investors to understand a company's profitability.

TSRC Corporation Gross Profit
Year Gross Profit Growth
2006 3.901.644.000
2007 5.559.557.000 29.82%
2008 5.180.243.000 -7.32%
2009 4.826.282.000 -7.33%
2010 6.585.506.000 26.71%
2011 12.454.050.000 47.12%
2012 6.030.109.000 -106.53%
2013 4.267.101.000 -41.32%
2014 3.963.338.000 -7.66%
2015 3.375.615.000 -17.41%
2016 3.880.881.000 13.02%
2017 3.328.879.000 -16.58%
2018 3.488.714.000 4.58%
2019 3.377.284.000 -3.3%
2020 2.937.269.000 -14.98%
2021 6.800.464.000 56.81%
2022 5.513.273.000 -23.35%
2023 2.908.096.000 -89.58%
2023 3.045.553.000 4.51%
2024 4.026.516.000 24.36%

Net income in stock investing is like the money a company actually gets to keep as profit after paying all its bills, and it's an important measure to understand how well a company is doing financially.

TSRC Corporation Net Profit
Year Net Profit Growth
2006 2.039.618.000
2007 3.262.090.000 37.48%
2008 2.768.369.000 -17.83%
2009 2.331.579.000 -18.73%
2010 3.279.162.000 28.9%
2011 5.741.765.000 42.89%
2012 2.574.249.000 -123.05%
2013 1.495.011.000 -72.19%
2014 1.141.338.000 -30.99%
2015 529.115.000 -115.71%
2016 988.352.000 46.46%
2017 874.107.000 -13.07%
2018 1.192.186.000 26.68%
2019 740.316.000 -61.04%
2020 215.261.000 -243.92%
2021 3.930.939.000 94.52%
2022 1.782.763.000 -120.5%
2023 633.156.000 -181.57%
2023 680.018.000 6.89%
2024 1.299.392.000 47.67%

EPS, or earnings per share, is a measure that shows how much profit a company has earned for each outstanding share of its stock, and it is important for stock investors as it helps understand the profitability of a company and compare it with other companies in the market.

TSRC Corporation Earning per Share (EPS)
Year Earning per Share (EPS) Growth
2006 2
2007 4 33.33%
2008 3 0%
2009 3 -50%
2010 4 33.33%
2011 7 50%
2012 3 -100%
2013 2 -200%
2014 1 0%
2015 1 0%
2016 1 100%
2017 1 0%
2018 1 0%
2019 1 0%
2020 0 0%
2021 5 100%
2022 2 -100%
2023 1 0%
2023 1 0%
2024 2 100%

Cashflow Statements

Cashflow statements show the movement of money in and out of a company, helping stock investors understand how much money a company makes and spends. By examining cashflow statements, investors can assess if a company is generating enough cash to pay its bills, invest in growth, and provide returns to stockholders.

Free cash flow is the leftover cash that a company generates after covering its operating expenses and capital expenditures, which is important for stock investors as it shows how much money a company has available to invest in growth, pay dividends, or reduce debt.

TSRC Corporation Free Cashflow
Year Free Cashflow Growth
2006 1.284.792.000
2007 2.312.602.000 44.44%
2008 821.138.000 -181.63%
2009 2.831.034.000 71%
2010 3.080.686.000 8.1%
2011 4.292.135.000 28.22%
2012 4.085.561.000 -5.06%
2013 3.277.721.000 -24.65%
2014 1.555.259.000 -110.75%
2015 3.366.987.000 53.81%
2016 406.738.000 -727.8%
2017 938.678.000 56.67%
2018 635.343.000 -47.74%
2019 143.780.000 -341.89%
2020 900.598.000 84.04%
2021 1.841.165.000 51.09%
2022 1.501.473.000 -22.62%
2023 599.039.000 -150.65%
2023 698.255.000 14.21%
2024 -978.750.000 171.34%

Operating cash flow represents the cash generated or consumed by a company's day-to-day operations, excluding external investing or financing activities, and is crucial for stock investors as it shows how much cash a company is generating from its core business operations.

TSRC Corporation Operating Cashflow
Year Operating Cashflow Growth
2006 1.802.102.000
2007 4.826.546.000 62.66%
2008 3.627.707.000 -33.05%
2009 2.963.827.000 -22.4%
2010 3.416.811.000 13.26%
2011 5.671.711.000 39.76%
2012 5.919.106.000 4.18%
2013 4.200.507.000 -40.91%
2014 2.035.571.000 -106.36%
2015 4.203.259.000 51.57%
2016 907.971.000 -362.93%
2017 1.591.246.000 42.94%
2018 1.872.988.000 15.04%
2019 2.597.981.000 27.91%
2020 2.363.983.000 -9.9%
2021 2.701.973.000 12.51%
2022 2.237.174.000 -20.78%
2023 2.888.475.000 22.55%
2023 912.240.000 -216.64%
2024 203.694.000 -347.85%

Capex, short for capital expenditures, refers to the money a company spends on acquiring or upgrading tangible assets like buildings, equipment, or technology, which is important for stock investors as it indicates how much a company is investing in its infrastructure to support future growth and profitability.

TSRC Corporation Capital Expenditure
Year Capital Expenditure Growth
2006 517.310.000
2007 2.513.944.000 79.42%
2008 2.806.569.000 10.43%
2009 132.793.000 -2013.49%
2010 336.125.000 60.49%
2011 1.379.576.000 75.64%
2012 1.833.545.000 24.76%
2013 922.786.000 -98.7%
2014 480.312.000 -92.12%
2015 836.272.000 42.57%
2016 501.233.000 -66.84%
2017 652.568.000 23.19%
2018 1.237.645.000 47.27%
2019 2.454.201.000 49.57%
2020 1.463.385.000 -67.71%
2021 860.808.000 -70%
2022 735.701.000 -17.01%
2023 2.289.436.000 67.87%
2023 213.985.000 -969.9%
2024 1.182.444.000 81.9%

Balance Sheet

Balance sheets provide a snapshot of a company's financial health and its assets (such as cash, inventory, and property) and liabilities (like debts and obligations) at a specific point in time. For stock investors, balance sheets help assess the company's overall worth and evaluate its ability to meet financial obligations and support future growth.

Equity refers to the ownership interest or stake that shareholders have in a company, representing their claim on its assets and earnings after all debts and liabilities are paid.

TSRC Corporation Equity
Year Equity Growth
2006 11.745.938.000
2007 13.841.509.000 15.14%
2008 13.849.737.000 0.06%
2009 14.146.289.000 2.1%
2010 15.167.916.000 6.74%
2011 20.692.934.000 26.7%
2012 18.119.677.000 -14.2%
2013 17.554.965.000 -3.22%
2014 18.138.398.000 3.22%
2015 18.077.114.000 -0.34%
2016 17.051.825.000 -6.01%
2017 16.443.446.000 -3.7%
2018 16.881.841.000 2.6%
2019 16.452.723.000 -2.61%
2020 15.858.659.000 -3.75%
2021 20.123.818.000 21.19%
2022 20.731.263.000 2.93%
2023 22.002.491.000 5.78%
2023 20.801.794.000 -5.77%
2024 21.862.087.000 4.85%

Assets represent the valuable resources that a company owns, such as cash, inventory, property, and equipment, and understanding a company's assets helps investors assess its value and potential for generating future profits.

TSRC Corporation Assets
Year Assets Growth
2006 16.924.004.000
2007 20.751.430.000 18.44%
2008 22.657.301.000 8.41%
2009 22.479.564.000 -0.79%
2010 25.082.298.000 10.38%
2011 38.542.574.000 34.92%
2012 35.559.468.000 -8.39%
2013 33.372.364.000 -6.55%
2014 33.156.653.000 -0.65%
2015 29.993.985.000 -10.54%
2016 29.769.927.000 -0.75%
2017 28.999.341.000 -2.66%
2018 30.230.169.000 4.07%
2019 32.514.923.000 7.03%
2020 29.268.382.000 -11.09%
2021 32.829.763.000 10.85%
2022 36.573.533.000 10.24%
2023 38.091.175.000 3.98%
2023 37.988.377.000 -0.27%
2024 42.451.060.000 10.51%

Liabilities refer to the financial obligations or debts that a company owes to creditors or external parties, and understanding a company's liabilities is important for investors as it helps assess the company's financial risk and ability to meet its obligations.

TSRC Corporation Liabilities
Year Liabilities Growth
2006 5.178.066.000
2007 6.909.921.000 25.06%
2008 8.807.564.000 21.55%
2009 8.333.275.000 -5.69%
2010 9.914.382.000 15.95%
2011 17.849.640.000 44.46%
2012 17.439.791.000 -2.35%
2013 15.817.399.000 -10.26%
2014 15.018.255.000 -5.32%
2015 11.916.871.000 -26.03%
2016 12.718.102.000 6.3%
2017 12.555.895.000 -1.29%
2018 13.348.328.000 5.94%
2019 16.062.200.000 16.9%
2020 13.409.723.000 -19.78%
2021 12.705.945.000 -5.54%
2022 15.842.270.000 19.8%
2023 16.088.684.000 1.53%
2023 17.186.583.000 6.39%
2024 20.588.973.000 16.53%

TSRC Corporation Financial Ratio (TTM)

Valuation Metrics

Revenue per Share
40.28
Net Income per Share
1.17
Price to Earning Ratio
21.31x
Price To Sales Ratio
0.62x
POCF Ratio
20.59
PFCF Ratio
-8.63
Price to Book Ratio
1.01
EV to Sales
0.83
EV Over EBITDA
9.28
EV to Operating CashFlow
27.57
EV to FreeCashFlow
-11.55
Earnings Yield
0.05
FreeCashFlow Yield
-0.12
Market Cap
20,64 Bil.
Enterprise Value
27,65 Bil.
Graham Number
25.53
Graham NetNet
-8.23

Income Statement Metrics

Net Income per Share
1.17
Income Quality
0.71
ROE
0.05
Return On Assets
0.02
Return On Capital Employed
0.05
Net Income per EBT
0.6
EBT Per Ebit
0.94
Ebit per Revenue
0.05
Effective Tax Rate
0.43

Margins

Sales, General, & Administrative to Revenue
0.03
Research & Developement to Revenue
0.01
Stock Based Compensation to Revenue
0
Gross Profit Margin
0.11
Operating Profit Margin
0.05
Pretax Profit Margin
0.05
Net Profit Margin
0.03

Dividends

Dividend Yield
0.02
Dividend Yield %
2.24
Payout Ratio
1.1
Dividend Per Share
0.56

Operating Metrics

Operating Cashflow per Share
1.21
Free CashFlow per Share
-2.9
Capex to Operating CashFlow
3.39
Capex to Revenue
0.1
Capex to Depreciation
2.71
Return on Invested Capital
0.03
Return on Tangible Assets
0.02
Days Sales Outstanding
60.64
Days Payables Outstanding
21.91
Days of Inventory on Hand
85.67
Receivables Turnover
6.02
Payables Turnover
16.66
Inventory Turnover
4.26
Capex per Share
4.11

Balance Sheet

Cash per Share
7,48
Book Value per Share
26,48
Tangible Book Value per Share
25.61
Shareholders Equity per Share
24.69
Interest Debt per Share
15.81
Debt to Equity
0.62
Debt to Assets
0.3
Net Debt to EBITDA
2.35
Current Ratio
1.79
Tangible Asset Value
21,14 Bil.
Net Current Asset Value
-1,30 Bil.
Invested Capital
24160899000
Working Capital
8,54 Bil.
Intangibles to Total Assets
0.02
Average Receivables
5,40 Bil.
Average Payables
1,69 Bil.
Average Inventory
6929935500
Debt to Market Cap
0.61

Dividends

Dividends in stock investing are like rewards that companies give to their shareholders. They are a portion of the company's profits distributed to investors, typically in the form of cash payments, as a way for them to share in the company's success.

TSRC Corporation Dividends
Year Dividends Growth
2002 0
2004 1 0%
2005 2 100%
2006 2 0%
2007 2 50%
2008 3 33.33%
2009 2 -50%
2010 3 0%
2011 3 0%
2012 4 33.33%
2013 2 -50%
2014 1 -100%
2015 2 0%
2016 1 0%
2017 1 0%
2018 1 0%
2019 1 0%
2020 1 0%
2021 0 0%
2022 2 100%
2023 1 -100%
2024 1 0%

TSRC Corporation Profile

About TSRC Corporation

TSRC Corporation, together with its subsidiaries, engages in the manufacture, import, and sale of various synthetic rubber and related products in Taiwan, rest of Asia, North America, and Europe. The company offers ESBR rubber for use in automotive tires, shoe soles, conveyor belts, military caterpillar and tow trucks tracks, sports equipment, and toys; SSBR rubber for use in energy-saving, high performance, and all-season tires; BR rubber that is used in the production of plastic modification for HIPS and high-speed radial tires; and NBR rubber for use in oil hoses and seals, rollers, industrial gaskets, belts, shoe soles, rubber plastic foam sheets, and conveyor belts. It also provides styrene-butadiene-styrene, styrene-isoprene-styrene, and styrene-ethylene/butylene-styrene copolymers, as well as T-BLEND applied materials for use in advance shoe material, foam material, soft touch and gel, and overmolding materials. The company was formerly known as Taiwan Synthetic Rubber Corporation and changed its name to TSRC Corporation in August 1999. TSRC Corporation was incorporated in 1973 and is headquartered in Kaohsiung, Taiwan.

CEO
Mr. Weiqiang Chai
Employee
1.466
Address
No.2, Singgong Road
Kaohsiung, 815

TSRC Corporation Executives & BODs

TSRC Corporation Executives & BODs
# Name Age
1 Ms. Maggie Huang
Assistance Vice President of Human Resources & Management Department
70
2 Mr. Tsung-Han Lin
Senior Assistant Vice President of Legal Department
70
3 Mr. Weiqiang Chai
Chief Executive Officer
70
4 Mr. Edward Wang
Vice President of Finance Division
70
5 Mr. Chi-Wei Hsu
Vice President of Operations Division & Global Head of Operations
70
6 Mr. Thomas Lin
Senior Assistant Vice President of Corporate Development Department
70
7 Ms. Alice Yuan
Assistant Vice President of Chief Executive Officer/President Office
70

TSRC Corporation Competitors