Triangle Tyre Co Ltd
SSE:601163

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Triangle Tyre Co Ltd Logo
Triangle Tyre Co Ltd
SSE:601163
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Price: 14.68 CNY -0.74% Market Closed
Market Cap: ¥11.7B

EV/GP

6.8
Current
26%
More Expensive
vs 3-y average of 5.4

Enterprise Value to Gross Profit (EV/GP) ratio compares a company`s total enterprise value to its gross profit. It shows how much investors are paying for each dollar of the company`s gross profit, including both equity and debt.

EV/GP
6.8
=
Enterprise Value
¥10.1B
/
Gross Profit
¥1.6B

Enterprise Value to Gross Profit (EV/GP) ratio compares a company`s total enterprise value to its gross profit. It shows how much investors are paying for each dollar of the company`s gross profit, including both equity and debt.

EV/GP
6.8
=
Enterprise Value
¥10.1B
/
Gross Profit
¥1.6B

Valuation Scenarios

Triangle Tyre Co Ltd is trading above its 3-year average

If EV/GP returns to its 3-Year Average (5.4), the stock would be worth ¥11.65 (21% downside from current price).

Statistics
Positive Scenarios
2/4
Maximum Downside
-21%
Maximum Upside
+117%
Average Upside
44%
Scenario EV/GP Value Implied Price Upside/Downside
Current Multiple 6.8 ¥14.68
0%
3-Year Average 5.4 ¥11.65
-21%
5-Year Average 5.4 ¥11.65
-21%
Industry Average 14.8 ¥31.85
+117%
Country Average 13.6 ¥29.19
+99%

Forward EV/GP
Today’s price vs future gross profit

Not enough data available to calculate forward EV/GP

Peer Comparison

All Multiples
EV/GP
P/E
All Countries
Close

Market Distribution

Lower than 75% of companies in China
Percentile
25th
Based on 6 967 companies
25th percentile
6.8
Low
0 — 8
Typical Range
8 — 23.3
High
23.3 —
Distribution Statistics
China
Min 0
30th Percentile 8
Median 13.6
70th Percentile 23.3
Max 17 898 541.1

Triangle Tyre Co Ltd
Glance View

Market Cap
11.7B CNY
Industry
Auto Components

In the bustling industrial hub of Weihai, Shandong Province, Triangle Tyre Co., Ltd. has carved out a significant presence as one of China's leading tire manufacturers. Since its inception in 1976, the company has grown exponentially, rooted in its commitment to innovation and quality. Triangle Tyre specializes in the research, development, and production of a broad range of tires that cater to passenger vehicles, commercial trucks, and heavy-duty applications. Their state-of-the-art manufacturing facilities integrate advanced technologies, allowing for efficient operations and high-quality output. This precision in manufacturing ensures that Triangle Tyre meets the diverse needs of its global customer base, solidifying its reputation as a reliable player in the global tire industry. The company’s revenue primarily flows from selling its extensive portfolio of tire products, which includes specialty tires designed for various terrains and modern vehicles. By continuously investing in research and development, Triangle Tyre has positioned itself to offer innovative solutions like eco-friendly tires and high-performance options, appealing to both budget-conscious consumers and premium market segments. Exports form a crucial part of their business model, with a sprawling distribution network that extends across multiple continents. This global reach not only bolsters profits but also fortifies Triangle Tyre’s brand as a trusted name internationally. Through strategic partnerships, relentless innovation, and adaptive marketing, the company ensures consistent growth while navigating the competitive landscape of the tire industry.

Intrinsic Value
17.62 CNY
Undervaluation 17%
Intrinsic Value
Price ¥14.68
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