` Comparison: 2106 vs MRF - Alpha Spread
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2106
vs
MRF

Over the past 12 months, Kenda Rubber Industrial Co Ltd has underperformed MRF, delivering a return of -30% compared to the MRF's +34% growth.

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2106
MRF
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Stocks Compared:
2106 MRF
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Valuation Comparison

Intrinsic Value
23.6 TWD
Undervaluation 16%
Intrinsic Value
Price
MRF Intrinsic Value
115 556.74 INR
Overvaluation 21%
Intrinsic Value
Price
Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
Kenda Rubber Industrial Co Ltd
TWSE:2106
19.8 TWD
MRF Ltd
NSE:MRF
146 925 INR
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Valuation Scenario:
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Growth Comparison

Growth Over Time
2106, MRF

2106
MRF
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Revenue
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Company LTM Historical Growth Growth Streak % Positive Years Max Drawdown Volatility Forecasted Growth
3 Years 5 Years 10 Years 1 Year 3 Years
Kenda Rubber Industrial Co Ltd
Revenue
MRF Ltd
Revenue

All metrics are calculated based on data from the last 10 years.

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Profitability Comparison

Free Cash Flow
2106, MRF

2106
MRF
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Free Cash Flow
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Company LTM Average Historical Growth FCF Margin Conversion
3 Years 5 Years 3 Years 5 Years 10 Years
Kenda Rubber Industrial Co Ltd
TWSE:2106
MRF Ltd
NSE:MRF
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What is Free Cash Flow?

Gross Margin

Kenda Rubber Industrial Co Ltd
19.1%
MRF
36.8%

Operating Margin

Kenda Rubber Industrial Co Ltd
1.6%
MRF
9.7%

Net Margin

Kenda Rubber Industrial Co Ltd
0.8%
MRF
7.4%

FCF Margin

Kenda Rubber Industrial Co Ltd
2.5%
MRF
4.7%

ROE

Kenda Rubber Industrial Co Ltd
1.4%
MRF
12%

ROA

Kenda Rubber Industrial Co Ltd
0.6%
MRF
7.6%

ROIC

Kenda Rubber Industrial Co Ltd
0.8%
MRF
9.9%

ROCE

Kenda Rubber Industrial Co Ltd
1.5%
MRF
14.2%

Solvency Comparison

Kenda Rubber Industrial Co Ltd
Equity Waterfall
Assets
Liabilities
Equity
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MRF Ltd
Equity Waterfall
Assets
Liabilities
Equity
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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
2106, MRF

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Performance Gap
2106, MRF

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2106
MRF
Difference
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1Y 3Y 5Y 10Y 15Y 20Y

Performance By Year
2106, MRF

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