` Comparison: 2106, ML - Alpha Spread

2106
vs
ML

Over the past 12 months, Kenda Rubber Industrial Co Ltd has underperformed ML, delivering a return of -28% compared to the ML's 14% drop.

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2106
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Valuation Comparison

Kenda Rubber Industrial Co Ltd Intrinsic Value
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ML Intrinsic Value
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Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
Kenda Rubber Industrial Co Ltd
TWSE:2106
20.65 TWD
Compagnie Generale des Etablissements Michelin SCA
PAR:ML
27.79 EUR
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Growth Comparison

Growth Over Time
2106, ML

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ML
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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
Compagnie Generale des Etablissements Michelin SCA
Revenue

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

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Profitability Comparison

Free Cash Flow
2106, ML

2106
ML
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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
Compagnie Generale des Etablissements Michelin SCA
PAR:ML
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Gross Margin

Kenda Rubber Industrial Co Ltd
19.1%
ML
27.6%

Operating Margin

Kenda Rubber Industrial Co Ltd
1.6%
ML
10.7%

Net Margin

Kenda Rubber Industrial Co Ltd
0.8%
ML
5.8%

FCF Margin

Kenda Rubber Industrial Co Ltd
2.5%
ML
4.6%

ROE

Kenda Rubber Industrial Co Ltd
1.4%
ML
8.8%

ROA

Kenda Rubber Industrial Co Ltd
0.6%
ML
4.3%

ROIC

Kenda Rubber Industrial Co Ltd
0.7%
ML
7.3%

ROCE

Kenda Rubber Industrial Co Ltd
1.5%
ML
10.3%

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
2106, ML

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Performance Gap
2106, ML

Performance Gap Between 2106 and ML
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Performance By Year
2106, ML

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