Cheng Shin Rubber Ind. Co., Ltd. (TWSE:2105) Stock Rockets 28% As Investors Are Less Pessimistic Than Expected
May 24
Taiwanese (TAIEX) Auto Components Industry Analysis
UpdatedMay 29, 2024
DataAggregated Company Financials
Companies64
- 7D2.3%
- 3M16.5%
- 1Y29.1%
- YTD17.6%
In the last week, the Auto Components industry is up 1.6%, with Cheng Shin Rubber Ind up 6.5%. In the same time, Depo Auto Parts Industrial was down 5.8%. This means that the industry has gained 29% over the past year. Earnings are forecast to grow by 16% annually.
Industry Valuation and Performance
Has the Taiwanese Auto Components Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 29 May 2024 | NT$705.1b | NT$381.8b | NT$28.3b | 20.6x | 24.9x | 1.8x |
| Fri, 26 Apr 2024 | NT$639.7b | NT$378.8b | NT$23.7b | 20.1x | 27x | 1.7x |
| Sun, 24 Mar 2024 | NT$630.5b | NT$373.8b | NT$22.6b | 21.7x | 27.9x | 1.7x |
| Tue, 20 Feb 2024 | NT$591.1b | NT$369.0b | NT$19.4b | 22.9x | 30.4x | 1.6x |
| Thu, 18 Jan 2024 | NT$558.3b | NT$369.7b | NT$19.5b | 21.5x | 28.6x | 1.5x |
| Sat, 16 Dec 2023 | NT$594.8b | NT$369.2b | NT$19.6b | 22.9x | 30.4x | 1.6x |
| Mon, 13 Nov 2023 | NT$561.7b | NT$371.5b | NT$19.2b | 17.5x | 29.3x | 1.5x |
| Wed, 11 Oct 2023 | NT$566.5b | NT$373.4b | NT$19.5b | 17.7x | 29.1x | 1.5x |
| Fri, 08 Sep 2023 | NT$536.9b | NT$373.4b | NT$19.5b | 16.6x | 27.6x | 1.4x |
| Sun, 06 Aug 2023 | NT$530.3b | NT$371.6b | NT$19.0b | 16.9x | 28x | 1.4x |
| Tue, 04 Jul 2023 | NT$554.0b | NT$371.2b | NT$18.9b | 17.2x | 29.4x | 1.5x |
| Thu, 01 Jun 2023 | NT$534.4b | NT$367.8b | NT$18.2b | 16.8x | 29.4x | 1.5x |
| Sat, 29 Apr 2023 | NT$519.0b | NT$370.7b | NT$19.6b | 18.8x | 26.4x | 1.4x |
| Mon, 27 Mar 2023 | NT$518.1b | NT$369.3b | NT$20.6b | 14.7x | 25.1x | 1.4x |
| Wed, 22 Feb 2023 | NT$494.4b | NT$368.6b | NT$20.4b | 15.3x | 24.2x | 1.3x |
| Fri, 20 Jan 2023 | NT$464.6b | NT$368.6b | NT$20.4b | 13.9x | 22.8x | 1.3x |
| Sun, 18 Dec 2022 | NT$475.6b | NT$368.6b | NT$20.4b | 14x | 23.3x | 1.3x |
| Tue, 15 Nov 2022 | NT$464.1b | NT$364.8b | NT$19.4b | 14.1x | 24x | 1.3x |
| Thu, 13 Oct 2022 | NT$478.4b | NT$352.7b | NT$16.3b | 17.2x | 29.4x | 1.4x |
| Sat, 10 Sep 2022 | NT$507.7b | NT$352.7b | NT$16.3b | 17.3x | 31.2x | 1.4x |
| Mon, 08 Aug 2022 | NT$485.1b | NT$351.0b | NT$14.8b | 20.1x | 32.8x | 1.4x |
| Wed, 06 Jul 2022 | NT$464.1b | NT$350.9b | NT$14.7b | 19.1x | 31.6x | 1.3x |
| Fri, 03 Jun 2022 | NT$484.4b | NT$352.1b | NT$14.6b | 18.4x | 33.2x | 1.4x |
| Sun, 01 May 2022 | NT$449.4b | NT$350.1b | NT$15.6b | 19.4x | 28.7x | 1.3x |
| Tue, 29 Mar 2022 | NT$472.5b | NT$352.8b | NT$17.3b | 17.3x | 27.2x | 1.3x |
| Thu, 24 Feb 2022 | NT$490.0b | NT$354.9b | NT$20.2b | 18.1x | 24.2x | 1.4x |
| Sat, 22 Jan 2022 | NT$483.0b | NT$354.9b | NT$20.2b | 17.5x | 23.9x | 1.4x |
| Mon, 20 Dec 2021 | NT$492.0b | NT$354.9b | NT$20.2b | 19.2x | 24.3x | 1.4x |
| Wed, 17 Nov 2021 | NT$477.6b | NT$361.7b | NT$19.0b | 16.8x | 25.1x | 1.3x |
| Fri, 15 Oct 2021 | NT$449.9b | NT$365.4b | NT$21.5b | 16.5x | 21x | 1.2x |
| Sun, 12 Sep 2021 | NT$470.8b | NT$365.4b | NT$21.5b | 17x | 21.9x | 1.3x |
| Tue, 10 Aug 2021 | NT$497.8b | NT$364.2b | NT$21.4b | 17.7x | 23.3x | 1.4x |
Price to Earnings Ratio
23.7x
Current Industry PE
- Investors are relatively neutral on the Taiwanese Auto Components industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 27.0x.
- The 3-year average PS ratio of 1.4x is lower than the industry's current PS ratio of 1.8x.
Past Earnings Growth
- The earnings for companies in the Auto Components industry have grown 9.8% per year over the last three years.
- Revenues for these companies have grown 3.5% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Taiwanese Consumer Discretionary industry?
| TW Market | 2.89% | |
| Consumer Discretionary | 0.78% | |
| Auto Components | 2.29% | |
| Tires and Rubber | 3.88% | |
| Auto Parts and Equipment | 1.25% | |
Industry PE
- Investors are most optimistic about the Tires and Rubber industry even though it's trading below its 3-year average PE ratio of 43.8x.
- Analysts are expecting annual earnings growth of 12.4%, which is lower than the prior year's growth of 51.2% per year.
- Investors are most pessimistic about the Auto Parts and Equipment industry, which is trading close to its 3-year average of 23.6x.
Forecasted Growth
- Analysts are most optimistic on the Auto Parts and Equipment industry, expecting annual earnings growth of 21% over the next 5 years.
- This is better than its past earnings growth rate of 5.2% per year.
- In contrast, the Tires and Rubber industry is expected to see its earnings grow by 12% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 2105 Cheng Shin Rubber Ind | NT$57.50 | 6.5% +NT$11.3b | 44.5% | PE23.8x | |
| 2231 Cub Elecparts | NT$124.00 | 13.2% +NT$2.0b | -25.8% | PE43.1x | |
| 8255 Actron Technology | NT$202.00 | 8.9% +NT$1.7b | 18.8% | PE24.6x | |
| 4551 Global PMX | NT$113.50 | 7.6% +NT$921.8m | -14.3% | PE24.7x | |
| 5288 Eurocharm Holdings | NT$218.50 | 5.0% +NT$700.2m | 13.2% | PE13.8x |
