Cheng Shin Rubber Ind. Co., Ltd. Logo

Cheng Shin Rubber Ind. Co., Ltd.

2105.TW

(2.0)
Stock Price

49,85 TWD

5.62% ROA

9.58% ROE

20.46x PER

Market Cap.

165.636.562.000,00 TWD

39.87% DER

3.91% Yield

8.43% NPM

Cheng Shin Rubber Ind. Co., Ltd. Stock Analysis

Cheng Shin Rubber Ind. Co., Ltd. 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.

Cheng Shin Rubber Ind. Co., Ltd. Fundamental Stock Analysis
# Analysis Rating
1 DER

The stock has a minimal amount of debt (49%) relative to its ownership, showcasing a strong financial position and lower risk for investors.

2 Dividend

The company's consistent dividend distribution over the past five years reflects its dedication to providing shareholders with steady returns, making it an appealing choice for investors seeking income stability.

3 ROE

ROE in an average range (7.4%) suggests satisfactory profitability and decent utilization of shareholders' equity.

4 ROA

The stock's ROA (4.32%) 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.

5 PBV

The stock's PBV ratio (1.86x) reflects a fair valuation, making it an attractive option for investors seeking balanced opportunities.

6 Buffet Intrinsic Value

Based on Warren Buffett's formula, the company's stock appears undervalued (976), presenting an attractive investment chance with its intrinsic value surpassing the current market price.

7 Revenue Growth

Regrettably, this company's revenue has shown no signs of growth over the past three years, suggesting limited potential for returns and making it a less appealing choice.

8 Net Profit Growth

The net profit of this company has shown no signs of growth over the last five years, suggesting limited profitability and making it a less attractive investment opportunity.

9 Assets Growth

Company's revenue has remained stagnant over the past three years, indicating a lack of growth and making it a less favorable option.

10 Graham Number

The Graham number analysis indicates that this company's stock price is likely overpriced, raising concerns about its investment potential.

11 Dividend Growth

The company's dividend growth has been flat for the past three years, raising concerns for potential investors seeking reliable returns.

Cheng Shin Rubber Ind. Co., Ltd. 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.

Cheng Shin Rubber Ind. Co., Ltd. Technical Stock Analysis
# Analysis Recommendation
1 Awesome Oscillator Hold
2 MACD Buy
3 RSI Hold
4 Stoch RSI Sell

Cheng Shin Rubber Ind. Co., Ltd. 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.

Cheng Shin Rubber Ind. Co., Ltd. Revenue
Year Revenue Growth
2006 47.984.098.000
2007 64.101.736.000 25.14%
2008 76.099.480.000 15.77%
2009 84.501.488.000 9.94%
2010 99.969.605.000 15.47%
2011 119.960.616.000 16.66%
2012 130.269.373.000 7.91%
2013 133.086.543.000 2.12%
2014 129.014.062.000 -3.16%
2015 116.726.293.000 -10.53%
2016 117.387.519.000 0.56%
2017 112.309.166.000 -4.52%
2018 109.221.209.000 -2.83%
2019 109.507.773.000 0.26%
2020 96.209.056.000 -13.82%
2021 101.536.961.000 5.25%
2022 98.622.877.000 -2.95%
2023 101.330.404.000 2.67%
2023 96.201.313.000 -5.33%
2024 97.384.272.000 1.21%

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.

Cheng Shin Rubber Ind. Co., Ltd. Research and Development Expenses
Year Research and Development Expenses Growth
2006 866.652.000
2007 998.002.000 13.16%
2008 1.500.079.000 33.47%
2009 1.430.154.000 -4.89%
2010 1.591.200.000 10.12%
2011 1.931.174.000 17.6%
2012 2.291.664.000 15.73%
2013 2.982.983.000 23.18%
2014 3.229.387.000 7.63%
2015 4.324.111.000 25.32%
2016 4.830.118.000 10.48%
2017 5.091.093.000 5.13%
2018 5.329.277.000 4.47%
2019 5.148.156.000 -3.52%
2020 4.578.667.000 -12.44%
2021 4.356.650.000 -5.1%
2022 3.940.687.000 -10.56%
2023 3.822.696.000 -3.09%
2023 3.783.394.000 -1.04%
2024 3.745.644.000 -1.01%

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.

Cheng Shin Rubber Ind. Co., Ltd. General and Administrative Expenses
Year General and Administrative Expenses Growth
2006 1.039.201.000
2007 2.109.950.000 50.75%
2008 1.658.601.000 -27.21%
2009 2.070.424.000 19.89%
2010 2.117.731.000 2.23%
2011 2.281.687.000 7.19%
2012 3.092.764.000 26.22%
2013 2.752.317.000 -12.37%
2014 3.006.727.000 8.46%
2015 3.415.096.000 11.96%
2016 3.495.535.000 2.3%
2017 3.690.739.000 5.29%
2018 3.570.909.000 -3.36%
2019 3.638.136.000 1.85%
2020 3.540.352.000 -2.76%
2021 3.602.158.000 1.72%
2022 3.474.481.000 -3.67%
2023 3.485.376.000 0.31%
2023 3.478.091.000 -0.21%
2024 3.583.160.000 2.93%

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.

Cheng Shin Rubber Ind. Co., Ltd. EBITDA
Year EBITDA Growth
2006 7.094.787.000
2007 12.611.271.000 43.74%
2008 10.473.576.000 -20.41%
2009 23.747.871.000 55.9%
2010 19.178.132.000 -23.83%
2011 18.735.194.000 -2.36%
2012 28.238.997.000 33.65%
2013 33.542.643.000 15.81%
2014 32.890.302.000 -1.98%
2015 29.788.581.000 -10.41%
2016 30.364.998.000 1.9%
2017 21.252.241.000 -42.88%
2018 19.902.240.000 -6.78%
2019 20.602.087.000 3.4%
2020 21.229.968.000 2.96%
2021 18.928.457.000 -12.16%
2022 18.472.578.000 -2.47%
2023 23.472.864.000 21.3%
2023 20.707.610.000 -13.35%
2024 22.086.644.000 6.24%

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.

Cheng Shin Rubber Ind. Co., Ltd. Gross Profit
Year Gross Profit Growth
2006 7.861.929.000
2007 14.390.251.000 45.37%
2008 13.413.783.000 -7.28%
2009 25.081.471.000 46.52%
2010 20.940.150.000 -19.78%
2011 21.093.132.000 0.73%
2012 30.668.099.000 31.22%
2013 35.327.795.000 13.19%
2014 35.900.504.000 1.6%
2015 35.557.792.000 -0.96%
2016 36.289.109.000 2.02%
2017 25.678.070.000 -41.32%
2018 24.322.942.000 -5.57%
2019 23.959.533.000 -1.52%
2020 23.988.650.000 0.12%
2021 22.387.319.000 -7.15%
2022 20.983.167.000 -6.69%
2023 25.811.844.000 18.71%
2023 23.388.685.000 -10.36%
2024 25.276.524.000 7.47%

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.

Cheng Shin Rubber Ind. Co., Ltd. Net Profit
Year Net Profit Growth
2006 1.957.023.000
2007 5.569.276.000 64.86%
2008 3.547.452.000 -56.99%
2009 13.431.251.000 73.59%
2010 10.315.005.000 -30.21%
2011 8.536.484.000 -20.83%
2012 15.894.030.000 46.29%
2013 18.548.522.000 14.31%
2014 16.015.591.000 -15.82%
2015 12.776.655.000 -25.35%
2016 13.250.903.000 3.58%
2017 5.541.785.000 -139.11%
2018 3.520.320.000 -57.42%
2019 3.466.827.000 -1.54%
2020 5.988.702.000 42.11%
2021 5.270.007.000 -13.64%
2022 4.961.369.000 -6.22%
2023 7.886.468.000 37.09%
2023 7.182.382.000 -9.8%
2024 9.421.832.000 23.77%

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.

Cheng Shin Rubber Ind. Co., Ltd. Earning per Share (EPS)
Year Earning per Share (EPS) Growth
2006 1
2007 2 100%
2008 1 0%
2009 4 75%
2010 3 -33.33%
2011 3 -50%
2012 5 50%
2013 6 20%
2014 5 -25%
2015 4 -33.33%
2016 4 25%
2017 2 -300%
2018 1 0%
2019 1 0%
2020 2 0%
2021 2 0%
2022 2 0%
2023 2 50%
2023 2 0%
2024 3 0%

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.

Cheng Shin Rubber Ind. Co., Ltd. Free Cashflow
Year Free Cashflow Growth
2006 -2.085.677.000
2007 1.011.305.000 306.24%
2008 -7.880.484.000 112.83%
2009 12.561.264.000 162.74%
2010 -312.344.000 4121.61%
2011 -20.820.479.000 98.5%
2012 2.329.966.000 993.6%
2013 14.307.994.000 83.72%
2014 12.913.895.000 -10.8%
2015 16.265.849.000 20.61%
2016 13.220.463.000 -23.04%
2017 -5.045.247.000 362.04%
2018 2.180.887.000 331.34%
2019 9.629.229.000 77.35%
2020 11.773.120.000 18.21%
2021 11.022.904.000 -6.81%
2022 11.202.117.000 1.6%
2023 6.994.926.000 -60.15%
2023 18.043.049.000 61.23%
2024 4.365.330.000 -313.33%

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.

Cheng Shin Rubber Ind. Co., Ltd. Operating Cashflow
Year Operating Cashflow Growth
2006 5.088.784.000
2007 9.342.716.000 45.53%
2008 5.310.641.000 -75.92%
2009 23.857.442.000 77.74%
2010 14.234.320.000 -67.61%
2011 6.451.528.000 -120.63%
2012 26.861.998.000 75.98%
2013 28.813.962.000 6.77%
2014 25.601.227.000 -12.55%
2015 27.787.823.000 7.87%
2016 27.264.595.000 -1.92%
2017 8.900.893.000 -206.31%
2018 14.854.561.000 40.08%
2019 18.285.361.000 18.76%
2020 18.401.678.000 0.63%
2021 15.495.504.000 -18.75%
2022 14.524.653.000 -6.68%
2023 7.764.337.000 -87.07%
2023 21.210.298.000 63.39%
2024 5.000.025.000 -324.2%

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.

Cheng Shin Rubber Ind. Co., Ltd. Capital Expenditure
Year Capital Expenditure Growth
2006 7.174.461.000
2007 8.331.411.000 13.89%
2008 13.191.125.000 36.84%
2009 11.296.178.000 -16.78%
2010 14.546.664.000 22.35%
2011 27.272.007.000 46.66%
2012 24.532.032.000 -11.17%
2013 14.505.968.000 -69.12%
2014 12.687.332.000 -14.33%
2015 11.521.974.000 -10.11%
2016 14.044.132.000 17.96%
2017 13.946.140.000 -0.7%
2018 12.673.674.000 -10.04%
2019 8.656.132.000 -46.41%
2020 6.628.558.000 -30.59%
2021 4.472.600.000 -48.2%
2022 3.322.536.000 -34.61%
2023 769.411.000 -331.83%
2023 3.167.249.000 75.71%
2024 634.695.000 -399.02%

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.

Cheng Shin Rubber Ind. Co., Ltd. Equity
Year Equity Growth
2006 23.098.380.000
2007 28.668.452.000 19.43%
2008 32.340.904.000 11.36%
2009 40.460.579.000 20.07%
2010 45.181.164.000 10.45%
2011 52.261.402.000 13.55%
2012 63.427.071.000 17.6%
2013 79.399.488.000 20.12%
2014 88.557.025.000 10.34%
2015 89.952.584.000 1.55%
2016 88.269.388.000 -1.91%
2017 82.891.303.000 -6.49%
2018 79.818.006.000 -3.85%
2019 77.970.687.000 -2.37%
2020 80.975.281.000 3.71%
2021 81.477.368.000 0.62%
2022 84.386.815.000 3.45%
2023 85.995.065.000 1.87%
2023 85.776.663.000 -0.25%
2024 85.819.493.000 0.05%

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.

Cheng Shin Rubber Ind. Co., Ltd. Assets
Year Assets Growth
2006 58.603.178.000
2007 68.854.517.000 14.89%
2008 84.649.683.000 18.66%
2009 90.241.560.000 6.2%
2010 107.400.959.000 15.98%
2011 142.785.564.000 24.78%
2012 151.090.772.000 5.5%
2013 162.228.472.000 6.87%
2014 169.870.367.000 4.5%
2015 165.958.222.000 -2.36%
2016 168.164.726.000 1.31%
2017 179.084.255.000 6.1%
2018 174.762.768.000 -2.47%
2019 164.040.229.000 -6.54%
2020 151.325.153.000 -8.4%
2021 149.721.997.000 -1.07%
2022 145.883.619.000 -2.63%
2023 141.585.918.000 -3.04%
2023 144.018.905.000 1.69%
2024 144.124.008.000 0.07%

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.

Cheng Shin Rubber Ind. Co., Ltd. Liabilities
Year Liabilities Growth
2006 35.504.798.000
2007 40.186.065.000 11.65%
2008 52.308.779.000 23.18%
2009 49.780.981.000 -5.08%
2010 62.219.795.000 19.99%
2011 90.524.162.000 31.27%
2012 87.663.701.000 -3.26%
2013 82.828.984.000 -5.84%
2014 81.313.342.000 -1.86%
2015 76.005.638.000 -6.98%
2016 79.895.338.000 4.87%
2017 96.192.952.000 16.94%
2018 94.944.762.000 -1.31%
2019 86.069.542.000 -10.31%
2020 70.349.872.000 -22.34%
2021 68.244.629.000 -3.08%
2022 61.496.804.000 -10.97%
2023 55.590.853.000 -10.62%
2023 58.242.242.000 4.55%
2024 58.304.515.000 0.11%

Cheng Shin Rubber Ind. Co., Ltd. Financial Ratio (TTM)

Valuation Metrics

Revenue per Share
29.62
Net Income per Share
2.5
Price to Earning Ratio
20.46x
Price To Sales Ratio
1.73x
POCF Ratio
7.31
PFCF Ratio
8.3
Price to Book Ratio
1.94
EV to Sales
1.82
EV Over EBITDA
7.95
EV to Operating CashFlow
7.7
EV to FreeCashFlow
8.74
Earnings Yield
0.05
FreeCashFlow Yield
0.12
Market Cap
165,64 Bil.
Enterprise Value
174,44 Bil.
Graham Number
38.44
Graham NetNet
-3.59

Income Statement Metrics

Net Income per Share
2.5
Income Quality
2.5
ROE
0.1
Return On Assets
0.06
Return On Capital Employed
0.1
Net Income per EBT
0.7
EBT Per Ebit
0.98
Ebit per Revenue
0.12
Effective Tax Rate
0.3

Margins

Sales, General, & Administrative to Revenue
0.04
Research & Developement to Revenue
0.04
Stock Based Compensation to Revenue
0
Gross Profit Margin
0.26
Operating Profit Margin
0.12
Pretax Profit Margin
0.12
Net Profit Margin
0.08

Dividends

Dividend Yield
0.04
Dividend Yield %
3.91
Payout Ratio
0.56
Dividend Per Share
2

Operating Metrics

Operating Cashflow per Share
6.99
Free CashFlow per Share
6.15
Capex to Operating CashFlow
0.12
Capex to Revenue
0.03
Capex to Depreciation
0.27
Return on Invested Capital
0.07
Return on Tangible Assets
0.06
Days Sales Outstanding
51.93
Days Payables Outstanding
36.03
Days of Inventory on Hand
85.71
Receivables Turnover
7.03
Payables Turnover
10.13
Inventory Turnover
4.26
Capex per Share
0.84

Balance Sheet

Cash per Share
8,65
Book Value per Share
26,48
Tangible Book Value per Share
26.42
Shareholders Equity per Share
26.3
Interest Debt per Share
10.81
Debt to Equity
0.4
Debt to Assets
0.24
Net Debt to EBITDA
0.4
Current Ratio
2.24
Tangible Asset Value
85,64 Bil.
Net Current Asset Value
1,62 Bil.
Invested Capital
102508738000
Working Capital
33,21 Bil.
Intangibles to Total Assets
0
Average Receivables
14,12 Bil.
Average Payables
6,77 Bil.
Average Inventory
16436906999.5
Debt to Market Cap
0.21

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.

Cheng Shin Rubber Ind. Co., Ltd. Dividends
Year Dividends Growth
2000 1
2001 1 0%
2002 1 0%
2003 1 0%
2004 1 0%
2005 1 0%
2006 1 0%
2007 1 0%
2008 1 100%
2009 1 0%
2010 2 0%
2011 2 50%
2012 1 -100%
2013 1 0%
2014 3 66.67%
2015 3 0%
2016 3 0%
2017 3 0%
2018 2 -200%
2019 1 0%
2020 1 0%
2021 1 0%
2022 1 0%
2023 1 0%
2024 2 50%

Cheng Shin Rubber Ind. Co., Ltd. Profile

About Cheng Shin Rubber Ind. Co., Ltd.

Cheng Shin Rubber Ind. Co., Ltd., together with subsidiaries, processes, manufactures, and trades in bicycle and electrical vehicle tires, reclaimed rubbers, rubbers and resins, and other rubber products. It also manufactures and trades in various rubber products and related rubber machinery, and truck and automobile tires; and distributes rubber and components of tires. The company researches, develops, tests, manufactures, exhibits, imports, exports, wholesales, and retails tires and automobile accessories and related products, as well as processes and sells various anti-vibration rubber and hardware products. It also operates a technical center; produces, sells, and maintains models; retails accessories for rubber tires; provides container transportation services; manages racing tracks; and offers warehouse logistic and after-sales service center services. In addition, the company provides cover and tubes of tires and bicycle tires; adhesives; tapes; radial tires; plastic machinery; and molds and its accessory products. Further, it is involved in the construction and trading of employees' housings, and trading of vehicles parts and accessories. The company operates in Taiwan, China, the United States, and internationally. Cheng Shin Rubber Ind. Co., Ltd. was incorporated in 1967 and is headquartered in Changhua, Taiwan.

CEO
Mr. Yun-Hwa Chen
Employee
26.726
Address
No. 215, Meigang Road
Changhua, 51545

Cheng Shin Rubber Ind. Co., Ltd. Executives & BODs

Cheng Shin Rubber Ind. Co., Ltd. Executives & BODs
# Name Age
1 Shiu-Hsiung Chen
President
70
2 Mr. Yung-Li Lo
Chief Financial Officer, Chief Corporate Governance Officer, Secretary, Vice President of Financial Department & Deputy GM
70
3 Mr. Hsiu-Hsiung Chen
General Manager
70
4 Mr. Ching-Tang Yu
Head of Accounting & Taxation Department
70
5 Mr. Chin-Chang Lee
Manager & Director
70
6 Mr. Yun-Hwa Chen
Chairman & GM
70
7 Po-Chia Chen
Chief Information Security Officer
70

Cheng Shin Rubber Ind. Co., Ltd. Competitors