Triangle Tyre Co Ltd
SSE:601163
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EV/GP
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.
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.
Valuation Scenarios
If EV/GP returns to its 3-Year Average (5.4), the stock would be worth ¥11.65 (21% downside from current price).
| 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%
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| Industry Average | 14.8 | ¥31.85 |
+117%
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| Country Average | 13.6 | ¥29.19 |
+99%
|
Forward EV/GP
Today’s price vs future gross profit
Peer Comparison
| Market Cap | EV/GP | P/E | ||||
|---|---|---|---|---|---|---|
| CN |
|
Triangle Tyre Co Ltd
SSE:601163
|
11.7B CNY | 6.8 | 13 | |
| JP |
|
Bridgestone Corp
TSE:5108
|
4.1T JPY | 2.4 | 12.6 | |
| FR |
|
Compagnie Generale des Etablissements Michelin SCA
PAR:ML
|
21.2B EUR | 3.3 | 12.7 | |
| IT |
|
Pirelli & C SpA
MIL:PIRC
|
6.3B EUR | 1.8 | 12.8 | |
| CN |
|
Sailun Group Co Ltd
SSE:601058
|
45.8B CNY | 5.5 | 12.9 | |
| JP |
|
Yokohama Rubber Co Ltd
TSE:5101
|
969.7B JPY | 2.8 | 9.2 | |
| IN |
|
MRF Ltd
NSE:MRF
|
550.1B INR | 4.6 | 24.5 | |
| KR |
H
|
Hankook Tire & Technology Co Ltd
KRX:161390
|
7.2T KRW | 2.1 | 6.6 | |
| IN |
|
Balkrishna Industries Ltd
NSE:BALKRISIND
|
417.7B INR | 7.5 | 31.5 | |
| JP |
|
Toyo Tire Corp
TSE:5105
|
583.6B JPY | 2.3 | 9.2 | |
| CN |
|
Anhui Zhongding Sealing Parts Co Ltd
SZSE:000887
|
22.9B CNY | 5.2 | 15.2 |
Market Distribution
| Min | 0 |
| 30th Percentile | 8 |
| Median | 13.6 |
| 70th Percentile | 23.3 |
| Max | 17 898 541.1 |
Other Multiples
Triangle Tyre Co Ltd
Glance View
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.