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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: 34.1 TWD 2.71% Market Closed
Market Cap: NT$25B

P/S

2.9
Current
8%
Cheaper
vs 3-y average of 3.2

Price to Sales (P/S) ratio shows how much investors pay for each dollar of a company`s sales. It`s calculated by dividing the company`s market value by its total revenue.

P/S
2.9
=
Market Cap
NT$26.5B
/
Revenue
NT$8.4B

Price to Sales (P/S) ratio shows how much investors pay for each dollar of a company`s sales. It`s calculated by dividing the company`s market value by its total revenue.

P/S
2.9
=
Market Cap
NT$26.5B
/
Revenue
NT$8.4B

Valuation Scenarios

Nankang Rubber Tire Corp Ltd is trading below its 3-year average

If P/S returns to its 3-Year Average (3.2), the stock would be worth NT$37.25 (9% upside from current price).

Statistics
Positive Scenarios
2/4
Maximum Downside
-42%
Maximum Upside
+9%
Average Downside
16%
Scenario P/S Value Implied Price Upside/Downside
Current Multiple 2.9 NT$34.1
0%
3-Year Average 3.2 NT$37.25
+9%
5-Year Average 3.2 NT$37.25
+9%
Industry Average 1.7 NT$19.93
-42%
Country Average 1.8 NT$20.79
-39%

Forward P/S
Today’s price vs future revenue

Not enough data available to calculate forward P/S

Peer Comparison

All Multiples
P/S
P/E
All Countries
Close

Market Distribution

In line with most companies in Taiwan
Percentile
68th
Based on 872 companies
68th percentile
2.9
Low
0.1 — 1.1
Typical Range
1.1 — 3.1
High
3.1 —
Distribution Statistics
Taiwan
Min 0.1
30th Percentile 1.1
Median 1.8
70th Percentile 3.1
Max 384 578.4

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
19.36 TWD
Overvaluation 43%
Intrinsic Value
Price NT$34.1
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