Nankang Rubber Tire Corp Ltd
TWSE:2101
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P/S
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.
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.
Valuation Scenarios
If P/S returns to its 3-Year Average (3.2), the stock would be worth NT$37.25 (9% upside from current price).
| 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
Peer Comparison
| Market Cap | P/S | P/E | ||||
|---|---|---|---|---|---|---|
| TW |
N
|
Nankang Rubber Tire Corp Ltd
TWSE:2101
|
24.8B TWD | 2.9 | 30.7 | |
| JP |
|
Bridgestone Corp
TSE:5108
|
4.2T JPY | 0.9 | 12.7 | |
| FR |
|
Compagnie Generale des Etablissements Michelin SCA
PAR:ML
|
21.4B EUR | 0.8 | 12.7 | |
| IT |
|
Pirelli & C SpA
MIL:PIRC
|
6.3B EUR | 0.9 | 12.9 | |
| CN |
|
Sailun Group Co Ltd
SSE:601058
|
47.1B CNY | 1.2 | 13.3 | |
| JP |
|
Yokohama Rubber Co Ltd
TSE:5101
|
993.1B JPY | 0.8 | 9.4 | |
| IN |
|
MRF Ltd
NSE:MRF
|
553.1B INR | 1.8 | 24.7 | |
| KR |
H
|
Hankook Tire & Technology Co Ltd
KRX:161390
|
7.5T KRW | 0.4 | 6.9 | |
| IN |
|
Balkrishna Industries Ltd
NSE:BALKRISIND
|
425.3B INR | 4 | 32.1 | |
| JP |
|
Toyo Tire Corp
TSE:5105
|
588.4B JPY | 1 | 9.2 | |
| CN |
|
Anhui Zhongding Sealing Parts Co Ltd
SZSE:000887
|
23B CNY | 1.2 | 15.3 |
Market Distribution
| Min | 0.1 |
| 30th Percentile | 1.1 |
| Median | 1.8 |
| 70th Percentile | 3.1 |
| Max | 384 578.4 |
Other Multiples
Nankang Rubber Tire Corp Ltd
Glance View
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.