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Nankang Rubber Tire Corp Ltd
TWSE:2101

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Nankang Rubber Tire Corp Ltd
TWSE:2101
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Price: 34 TWD 6.25%
Market Cap: NT$25B

Gross Margin

21.4%
Current
Declining
by 2.4%
vs 3-y average of 23.7%

Gross Margin shows how much money a company keeps from each dollar of sales after paying for the products it sells. It tells how profitable the company`s core business is before other expenses.

Gross Margin
21.4%
=
Gross Profit
NT$1.9B
/
Revenue
NT$8.8B

Gross Margin shows how much money a company keeps from each dollar of sales after paying for the products it sells. It tells how profitable the company`s core business is before other expenses.

Gross Margin
21.4%
=
Gross Profit
NT$1.9B
/
Revenue
NT$8.8B

Peer Comparison

Country Company Market Cap Gross
Margin
TW
Nankang Rubber Tire Corp Ltd
TWSE:2101
24.8B TWD
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JP
Bridgestone Corp
TSE:5108
4.3T JPY
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FR
Compagnie Generale des Etablissements Michelin SCA
PAR:ML
21B EUR
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IT
Pirelli & C SpA
MIL:PIRC
5.7B EUR
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CN
Sailun Group Co Ltd
SSE:601058
45B CNY
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JP
Yokohama Rubber Co Ltd
TSE:5101
1T JPY
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IN
MRF Ltd
NSE:MRF
567.8B INR
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KR
Hankook Tire & Technology Co Ltd
KRX:161390
6.9T KRW
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IN
Balkrishna Industries Ltd
NSE:BALKRISIND
419.9B INR
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JP
Toyo Tire Corp
TSE:5105
590.6B JPY
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CN
Anhui Zhongding Sealing Parts Co Ltd
SZSE:000887
25.4B CNY
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Market Distribution

In line with most companies in Taiwan
Percentile
48th
Based on 1 022 companies
48th percentile
21.4%
Low
-197.7% — 13.7%
Typical Range
13.7% — 31.4%
High
31.4% — 400.8%
Distribution Statistics
Taiwan
Min -197.7%
30th Percentile 13.7%
Median 22.1%
70th Percentile 31.4%
Max 400.8%

Nankang Rubber Tire Corp Ltd
Glance View

Market Cap
25B TWD
Industry
Auto Components

Nankang Rubber Tire Corp Ltd. emerged as a resilient force in Taiwan’s industrial landscape, tracing its origins back to 1959. Originating from a relentless drive to adapt and innovate, the company grew from modest beginnings to become a globally recognized player in the tire manufacturing sector. With technological prowess inherited from the aviation industry, where precision and durability are crucial, Nankang has positioned itself at the intersection of tradition and modernity. The company's commitment to quality and responsiveness to market demands have allowed it to thrive amidst intense competition, evolving from producing conventional bias tires to advanced radial tire technologies that cater to diverse applications including passenger cars, trucks, and motorcycles. Fundamentally, Nankang’s profitability is anchored in its ability to fuse cutting-edge research and development with cost-effective manufacturing processes. By leveraging economies of scale and emphasizing a robust distribution network, both locally and internationally, Nankang captures value across multiple markets. Strategic investments in state-of-the-art facilities in Taiwan and China enhance its production capacity and ensure a steady supply chain continuity. Revenue streams not only flow from traditional wholesale and retail markets but also through strategic partnerships and Original Equipment Manufacturer (OEM) agreements, which have fortified its brand recognition globally. This dual emphasis on quality and strategic market segmentation has propelled Nankang to maintain profitable growth consistently.

Intrinsic Value
19.87 TWD
Overvaluation 42%
Intrinsic Value
Price
N
What is Gross Margin?
Gross Margin shows how much money a company keeps from each dollar of sales after paying for the products it sells. It tells how profitable the company`s core business is before other expenses.
How is Gross Margin calculated?

Gross Margin is calculated by dividing the Gross Profit by the Revenue.

Gross Margin
21.4%
=
Gross Profit
NT$1.9B
/
Revenue
NT$8.8B
What is Nankang Rubber Tire Corp Ltd's current Gross Margin?

The current Gross Margin for Nankang Rubber Tire Corp Ltd is 21.4%, which is below its 3-year median of 23.7%.

How has Gross Margin changed over time?

Over the last 3 years, Nankang Rubber Tire Corp Ltd’s Gross Margin has increased from 15.5% to 21.4%. During this period, it reached a low of 14.5% on Dec 31, 2022 and a high of 32.7% on Sep 30, 2024.

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