Is There Now An Opportunity In Shandong Linglong Tyre Co.,Ltd. (SHSE:601966)?
Jan 20
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Chinese (SSE) Tires and Rubber Industry Analysis
UpdatedJan 21, 2025
DataAggregated Company Financials
Companies13
- 7D8.2%
- 3M3.7%
- 1Y18.5%
- YTDn/a
The Tires and Rubber industry is up 6.7% in the last week, with Sailun Group up 7.2%. This means that the industry has gained 12% over the past year. Looking forward, earnings are forecast to grow by 18% annually.
Industry Valuation and Performance
Has the Chinese Tires and Rubber Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 21 Jan 2025 | CN¥173.4b | CN¥125.8b | CN¥13.0b | 13.3x | 13.4x | 1.4x |
| Thu, 19 Dec 2024 | CN¥169.4b | CN¥125.8b | CN¥13.0b | 13.6x | 13.1x | 1.3x |
| Sat, 16 Nov 2024 | CN¥170.5b | CN¥125.8b | CN¥13.0b | 13.6x | 13.2x | 1.4x |
| Mon, 14 Oct 2024 | CN¥166.8b | CN¥123.4b | CN¥12.7b | 15x | 13.1x | 1.4x |
| Wed, 11 Sep 2024 | CN¥146.0b | CN¥123.4b | CN¥12.7b | 13x | 11.5x | 1.2x |
| Fri, 09 Aug 2024 | CN¥145.8b | CN¥119.4b | CN¥11.7b | 14.4x | 12.4x | 1.2x |
| Sun, 07 Jul 2024 | CN¥153.5b | CN¥119.4b | CN¥11.7b | 15x | 13.1x | 1.3x |
| Tue, 04 Jun 2024 | CN¥171.0b | CN¥119.4b | CN¥11.7b | 17.2x | 14.6x | 1.4x |
| Thu, 02 May 2024 | CN¥184.9b | CN¥109.1b | CN¥11.7b | 18.4x | 15.8x | 1.7x |
| Sat, 30 Mar 2024 | CN¥166.2b | CN¥291.8b | CN¥21.2b | 18.6x | 7.8x | 0.6x |
| Mon, 26 Feb 2024 | CN¥158.0b | CN¥108.3b | CN¥8.1b | 20.7x | 19.5x | 1.5x |
| Wed, 24 Jan 2024 | CN¥145.0b | CN¥108.5b | CN¥8.2b | 20.2x | 17.7x | 1.3x |
| Fri, 22 Dec 2023 | CN¥143.7b | CN¥108.5b | CN¥8.2b | 20.7x | 17.6x | 1.3x |
| Sun, 19 Nov 2023 | CN¥153.8b | CN¥108.5b | CN¥8.2b | 22.2x | 18.8x | 1.4x |
| Tue, 17 Oct 2023 | CN¥154.6b | CN¥103.5b | CN¥6.2b | 26.7x | 24.8x | 1.5x |
| Thu, 14 Sep 2023 | CN¥155.8b | CN¥103.5b | CN¥6.2b | 24.5x | 25x | 1.5x |
| Sat, 12 Aug 2023 | CN¥156.0b | CN¥99.3b | CN¥5.0b | 26.5x | 31x | 1.6x |
| Mon, 10 Jul 2023 | CN¥153.3b | CN¥99.3b | CN¥5.0b | 27.8x | 30.5x | 1.5x |
| Wed, 07 Jun 2023 | CN¥142.7b | CN¥99.3b | CN¥5.0b | 25.5x | 28.4x | 1.4x |
| Fri, 05 May 2023 | CN¥143.0b | CN¥99.2b | CN¥4.7b | 25.3x | 30.6x | 1.4x |
| Sun, 02 Apr 2023 | CN¥141.9b | CN¥95.1b | CN¥3.6b | 30.3x | 39x | 1.5x |
| Tue, 28 Feb 2023 | CN¥151.1b | CN¥95.1b | CN¥3.6b | 33.9x | 41.5x | 1.6x |
| Thu, 26 Jan 2023 | CN¥144.5b | CN¥94.8b | CN¥3.7b | 29.7x | 39.2x | 1.5x |
| Sat, 24 Dec 2022 | CN¥133.9b | CN¥94.8b | CN¥3.7b | 25.8x | 36.4x | 1.4x |
| Mon, 21 Nov 2022 | CN¥135.6b | CN¥94.8b | CN¥3.7b | 31.5x | 36.8x | 1.4x |
| Wed, 19 Oct 2022 | CN¥129.5b | CN¥90.6b | CN¥3.4b | 29.5x | 38x | 1.4x |
| Fri, 16 Sep 2022 | CN¥145.0b | CN¥90.6b | CN¥3.4b | 31.1x | 42.5x | 1.6x |
| Sun, 14 Aug 2022 | CN¥165.3b | CN¥89.9b | CN¥3.5b | 38x | 47.4x | 1.8x |
| Tue, 12 Jul 2022 | CN¥153.3b | CN¥89.9b | CN¥3.5b | 36.7x | 44x | 1.7x |
| Thu, 09 Jun 2022 | CN¥143.3b | CN¥89.9b | CN¥3.5b | 29.6x | 41.1x | 1.6x |
| Sat, 07 May 2022 | CN¥118.9b | CN¥89.7b | CN¥3.5b | 23.9x | 34.1x | 1.3x |
| Mon, 04 Apr 2022 | CN¥136.6b | CN¥92.1b | CN¥5.9b | 26.9x | 23.3x | 1.5x |
| Wed, 02 Mar 2022 | CN¥161.3b | CN¥91.6b | CN¥5.7b | 27.5x | 28.2x | 1.8x |
| Fri, 28 Jan 2022 | CN¥162.2b | CN¥91.4b | CN¥6.4b | 27x | 25.3x | 1.8x |
Price to Earnings Ratio
25.3x
Current Industry PE
- Investors are pessimistic on the Chinese Tires and Rubber industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 13.3x which is lower than its 3-year average PE of 26.4x.
- The industry is trading close to its 3-year average PS ratio of 1.4x.
Past Earnings Growth
- The earnings for companies in the Tires and Rubber industry have grown 26% per year over the last three years.
- Revenues for these companies have grown 11% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Comparison
How does Chinese Tires and Rubber compare with similar industries?
| CN Market | 4.24% | |
| Consumer Discretionary | 5.21% | |
| Auto Components | 6.18% | |
| Tires and Rubber | 8.22% | |
| Auto Parts and Equipment | 5.97% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 601058 Sailun Group | CN¥15.48 | 8.8% +CN¥3.9b | 38.0% | PE11.3x | |
| 002984 Qingdao Sentury Tire | CN¥25.79 | 9.7% +CN¥2.4b | 27.0% | PE12.7x | |
| 000887 Anhui Zhongding Sealing Parts | CN¥13.62 | 10.6% +CN¥1.7b | 33.5% | PE13.7x | |
| 601500 Jiangsu General Science Technology | CN¥5.62 | 18.1% +CN¥1.4b | 31.3% | PE20.4x | |
| 601966 Shandong Linglong TyreLtd | CN¥18.05 | 4.9% +CN¥1.2b | -8.9% | PE12.3x |
