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Taiwanese (TAIEX) Tires and Rubber Industry Analysis

UpdatedMay 16, 2024
DataAggregated Company Financials
Companies6
  • 7D3.1%
  • 3M18.4%
  • 1Y28.9%
  • YTDn/a

The Tires and Rubber industry is up 2.1% in the last week, with Cheng Shin Rubber Ind up 6.6%. During this same period, the Nankang Rubber TireLtd underperformed, falling 9.6%. In the last 12 months, the industry was up 28%. As for the next few years, earnings are expected to grow by 13% per annum.

Industry Valuation and Performance

Has the Taiwanese Tires and Rubber Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 16 May 2024NT$266.5bNT$146.5bNT$7.6b34.7x35x1.8x
Sat, 13 Apr 2024NT$245.1bNT$146.2bNT$7.1b22x34.7x1.7x
Mon, 11 Mar 2024NT$228.0bNT$146.2bNT$4.6b14.4x49.4x1.6x
Wed, 07 Feb 2024NT$226.2bNT$146.2bNT$4.6b14.1x49x1.5x
Fri, 05 Jan 2024NT$230.4bNT$146.9bNT$4.7b18.4x49.3x1.6x
Sun, 03 Dec 2023NT$230.2bNT$146.9bNT$4.7b18.9x49.3x1.6x
Tue, 31 Oct 2023NT$216.9bNT$150.2bNT$4.1b17.8x52.8x1.4x
Thu, 28 Sep 2023NT$214.3bNT$150.2bNT$4.1b17.4x52.2x1.4x
Sat, 26 Aug 2023NT$197.6bNT$150.2bNT$4.1b16.1x48.1x1.3x
Mon, 24 Jul 2023NT$200.8bNT$152.2bNT$3.1b19.7x64.9x1.3x
Wed, 21 Jun 2023NT$214.0bNT$152.2bNT$3.1b20.7x69.2x1.4x
Fri, 19 May 2023NT$208.9bNT$155.4bNT$3.5b26.1x59.7x1.3x
Sun, 16 Apr 2023NT$204.0bNT$155.4bNT$3.5b24.8x58.3x1.3x
Tue, 14 Mar 2023NT$189.6bNT$157.3bNT$4.1b22.7x46.3x1.2x
Thu, 09 Feb 2023NT$185.6bNT$157.3bNT$4.1b22.2x45.3x1.2x
Sat, 07 Jan 2023NT$185.1bNT$157.3bNT$4.1b22.5x45.2x1.2x
Mon, 05 Dec 2022NT$190.1bNT$157.3bNT$4.1b22.8x46.4x1.2x
Wed, 02 Nov 2022NT$180.8bNT$153.4bNT$3.1b24.4x58.4x1.2x
Fri, 30 Sep 2022NT$196.4bNT$153.4bNT$3.1b26.9x63.5x1.3x
Sun, 28 Aug 2022NT$196.8bNT$153.4bNT$3.1b26.1x63.6x1.3x
Tue, 26 Jul 2022NT$197.9bNT$153.3bNT$3.0b23.6x65.8x1.3x
Thu, 23 Jun 2022NT$189.5bNT$153.3bNT$3.0b23.1x63x1.2x
Sat, 21 May 2022NT$193.8bNT$153.3bNT$3.0b23.1x64.4x1.3x
Mon, 18 Apr 2022NT$195.5bNT$155.7bNT$4.4b21.1x44.2x1.3x
Wed, 16 Mar 2022NT$196.3bNT$159.8bNT$8.8b15.8x22.4x1.2x
Fri, 11 Feb 2022NT$207.4bNT$159.8bNT$8.8b16.1x23.7x1.3x
Sun, 09 Jan 2022NT$197.1bNT$159.8bNT$8.8b15.8x22.5x1.2x
Tue, 07 Dec 2021NT$195.7bNT$159.8bNT$8.8b15.7x22.3x1.2x
Thu, 04 Nov 2021NT$194.6bNT$165.3bNT$11.8b12.6x16.5x1.2x
Sat, 02 Oct 2021NT$198.3bNT$165.3bNT$11.8b12.8x16.8x1.2x
Mon, 30 Aug 2021NT$204.6bNT$165.3bNT$11.8b13.5x17.3x1.2x
Tue, 06 Jul 2021NT$243.3bNT$165.3bNT$11.8b16.2x20.6x1.5x
Price to Earnings Ratio

17.1x


Total Market Cap: NT$241.7bTotal Earnings: NT$14.2bTotal Revenue: NT$159.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Taiwanese Tires and Rubber Industry Price to Earnings3Y Average 43.9x202220232024
Current Industry PE
  • Investors are pessimistic on the Taiwanese Tires and Rubber industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 36.2x which is lower than its 3-year average PE of 43.9x.
  • The 3-year average PS ratio of 1.3x is lower than the industry's current PS ratio of 1.7x.
Past Earnings Growth
  • The earnings for companies in the Tires and Rubber industry have declined 21% per year over the last three years,
  • Revenues have also declined 2.9% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Comparison

How does Taiwanese Tires and Rubber compare with similar industries?

TW Market1.84%
Consumer Discretionary1.09%
Auto Components2.21%
Tires and Rubber3.12%
Auto Parts and Equipment1.63%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
2105 Cheng Shin Rubber IndNT$53.209.2%
+NT$14.6b		33.0%PE22.1x
2101 Nankang Rubber TireLtdNT$57.805.5%
+NT$2.5b		46.3%PE359.7x
2106 Kenda Rubber IndustrialNT$35.456.5%
+NT$2.1b		21.6%PE38.4x
2102 FederalNT$20.603.5%
+NT$321.7m		1.0%PS19.8x
2115 Luhai HoldingNT$32.751.2%
+NT$39.8m		-4.7%PE34.6x
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Latest News

2105

NT$53.20

Cheng Shin Rubber Ind

7D

9.2%

1Y

33.0%

2115

NT$32.75

Luhai Holding

7D

1.2%

1Y

-4.7%

2101

NT$57.80

Nankang Rubber TireLtd

7D

5.5%

1Y

46.3%

2102

NT$20.60

Federal

7D

3.5%

1Y

1.0%

2106

NT$35.45

Kenda Rubber Industrial

7D

6.5%

1Y

21.6%

2109

NT$17.85

Hwa Fong Rubber Industrial

7D

-0.3%

1Y

21.4%