Header cover image

Taiwanese (TAIEX) Tires and Rubber Industry Analysis

UpdatedMar 25, 2024
DataAggregated Company Financials
Companies6
  • 7D0.2%
  • 3M4.9%
  • 1Y16.8%
  • YTDn/a

The Tires and Rubber industry has stayed flat over the last week. As for the the longer term, the industry is up 17% over the past 12 months. Looking forward, earnings are forecast to grow by 13% annually.

Industry Valuation and Performance

Has the Taiwanese Tires and Rubber Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 25 Mar 2024NT$234.4bNT$146.5bNT$6.9b21.7x34.1x1.6x
Wed, 21 Feb 2024NT$230.8bNT$146.2bNT$4.6b14.6x50x1.6x
Fri, 19 Jan 2024NT$216.2bNT$146.9bNT$4.7b17.6x46.3x1.5x
Sun, 17 Dec 2023NT$226.7bNT$146.9bNT$4.7b18.6x48.5x1.5x
Tue, 14 Nov 2023NT$221.0bNT$150.2bNT$4.1b18.3x53.8x1.5x
Thu, 12 Oct 2023NT$222.4bNT$150.2bNT$4.1b18x54.1x1.5x
Sat, 09 Sep 2023NT$210.9bNT$150.2bNT$4.1b17.2x51.3x1.4x
Mon, 07 Aug 2023NT$196.9bNT$152.2bNT$3.1b19.2x63.7x1.3x
Wed, 05 Jul 2023NT$205.9bNT$152.2bNT$3.1b20.1x66.6x1.4x
Fri, 02 Jun 2023NT$200.9bNT$153.9bNT$2.7b19.2x75x1.3x
Sun, 30 Apr 2023NT$201.1bNT$155.4bNT$3.5b24.7x57.5x1.3x
Tue, 28 Mar 2023NT$197.4bNT$155.7bNT$3.9b23.7x51x1.3x
Thu, 23 Feb 2023NT$190.3bNT$157.3bNT$4.1b22.7x46.5x1.2x
Sat, 21 Jan 2023NT$185.5bNT$157.3bNT$4.1b22.6x45.3x1.2x
Mon, 19 Dec 2022NT$185.2bNT$157.3bNT$4.1b22.4x45.2x1.2x
Wed, 16 Nov 2022NT$186.5bNT$157.1bNT$3.8b22.6x49x1.2x
Fri, 14 Oct 2022NT$184.0bNT$153.4bNT$3.1b25.1x59.5x1.2x
Sun, 11 Sep 2022NT$193.9bNT$153.4bNT$3.1b25.8x62.7x1.3x
Tue, 09 Aug 2022NT$197.9bNT$153.3bNT$3.0b23.4x65.8x1.3x
Thu, 07 Jul 2022NT$192.6bNT$153.3bNT$3.0b23.3x64.1x1.3x
Sat, 04 Jun 2022NT$197.5bNT$153.3bNT$3.0b23.8x65.7x1.3x
Mon, 02 May 2022NT$189.1bNT$155.7bNT$4.4b20.6x42.8x1.2x
Wed, 30 Mar 2022NT$198.1bNT$157.5bNT$6.4b19.3x30.9x1.3x
Fri, 25 Feb 2022NT$197.0bNT$159.8bNT$8.8b15.6x22.5x1.2x
Sun, 23 Jan 2022NT$201.7bNT$159.8bNT$8.8b15.8x23x1.3x
Tue, 21 Dec 2021NT$197.1bNT$159.8bNT$8.8b15.8x22.5x1.2x
Thu, 18 Nov 2021NT$194.8bNT$159.8bNT$8.8b15.6x22.2x1.2x
Sat, 16 Oct 2021NT$197.4bNT$165.3bNT$11.8b12.8x16.7x1.2x
Mon, 13 Sep 2021NT$203.3bNT$165.3bNT$11.8b13.3x17.2x1.2x
Wed, 11 Aug 2021NT$223.1bNT$165.3bNT$11.8b15.2x18.9x1.3x
Sun, 06 Jun 2021NT$241.7bNT$159.8bNT$14.2b16.2x17.1x1.5x
Price to Earnings Ratio

17.6x


Total Market Cap: NT$250.0bTotal Earnings: NT$14.2bTotal Revenue: NT$159.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Taiwanese Tires and Rubber Industry Price to Earnings3Y Average 42.9x202220232024
Current Industry PE
  • Investors are pessimistic on the Taiwanese 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 34.1x which is lower than its 3-year average PE of 42.9x.
  • The 3-year average PS ratio of 1.3x is lower than the industry's current PS ratio of 1.6x.
Past Earnings Growth
  • The earnings for companies in the Tires and Rubber industry have declined 21% per year over the last three years,
  • Revenues have also declined 2.8% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Comparison

How does Taiwanese Tires and Rubber compare with similar industries?

TW Market2.68%
Consumer Discretionary0.30%
Auto Components2.11%
Tires and Rubber0.19%
Auto Parts and Equipment3.28%
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?

CompanyLast Price7D1YValuation
2106 Kenda Rubber IndustrialNT$31.251.6%
+NT$477.4m
3.0%PE33.9x
2109 Hwa Fong Rubber IndustrialNT$17.305.2%
+NT$237.4m
18.1%PE11.4x
2101 Nankang Rubber TireLtdNT$39.000.4%
+NT$125.1m
0.1%PE242.7x
Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.