Company Valuation: Cheng Shin Rubber Ind. Co., Ltd.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027
Market Cap 1 117,015 109,884 145,540 158,991 95,622 97,567 -
Change - -6.09% 32.45% 9.24% -39.86% 2.03% -
Enterprise Value (EV) 1 129,733 123,112 148,726 161,507 111,245 95,365 89,158
Change - -5.1% 20.81% 8.59% -31.12% -14.28% -6.51%
P/E 22.3x 22.2x 20.2x 19.9x 19.7x 18.8x 18.7x
PBR 1.45x 1.31x 1.7x 1.77x 1.09x 1.08x 1.07x
PEG - -4x 0.4x 1.8x -0.5x 2.82x 29.92x
Capitalization / Revenue 1.15x 1.11x 1.51x 1.65x 1.05x 1.06x 1.06x
EV / Revenue 1.28x 1.25x 1.55x 1.68x 1.23x 1.04x 0.97x
EV / EBITDA 6.87x 6.8x 7.06x 8.15x 7.09x 6.36x 6.32x
EV / EBIT 17x 16.7x 14.4x 16.1x 15.5x 13.7x 12.8x
EV / FCF - - - - - - -
FCF Yield - - - - - - -
Dividend per Share 2 1.2 1.4 2 2.4 1.8 1.28 1.29
Rate of return 3.32% 4.13% 4.45% 4.89% 6.1% 4.25% 4.29%
EPS 2 1.62 1.53 2.22 2.47 1.5 1.6 1.61
Distribution rate 74.1% 91.5% 90.1% 97.2% 120% 80% 80.1%
Net sales 1 101,537 98,623 96,201 96,247 90,781 91,823 91,835
EBITDA 1 18,896 18,096 21,058 19,828 15,688 14,988 14,106
EBIT 1 7,654 7,374 10,358 10,012 7,155 6,975 6,974
Net income 5,270 4,961 7,182 8,017 4,854 - -
Net Debt 1 12,718 13,228 3,187 2,516 15,623 -2,202 -8,408
Reference price 2 36.10 33.90 44.90 49.05 29.50 30.10 30.10
Nbr of stocks (in thousands) 3,241,416 3,241,416 3,241,416 3,241,416 3,241,416 3,241,416 -
Announcement Date 24/03/22 16/03/23 14/03/24 12/03/25 12/03/26 - -
1TWD in Million2TWD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
18.72x1.03x6.33x4.27% 3.05B
14.38x1.23x5.33x3.85% 8.2B
22.93x1.82x11.69x0.18% 5.73B
5.34x0.48x2.86x4.77% 4.88B
31.65x4.03x17.62x0.75% 4.46B
17.16x1.03x7.05x1.56% 2.89B
11.77x0.91x6.67x2.89% 2.2B
8.61x - - 5.59% 1.99B
10.21x - - - 1.49B
20.49x1.1x8.57x1.05% 1.49B
Average 16.13x 1.45x 8.26x 2.77% 3.64B
Weighted average by Cap. 16.82x 1.54x 8.22x 2.75%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

  1. Stock Market
  2. Stocks
  3. 2105 Stock
  4. Valuation Cheng Shin Rubber Ind. Co., Ltd.