Cheng Shin Rubber Ind. Co Ltd

Chart & Performance

D1W1MN

P/E

22.36

P/S

1.67

EPS

2.22

Div Yield, %

2.83%

Shrs. gr., 5y

0.01%

Rev. gr., 5y

-2.51%

Revenues

96.20b

-2.46%

Net income

7.18b

+44.77%

CFO

21.23b

+46.14%

Dividend

Jun 05, 20242 TWD/sh

Earnings

Mar 13, 2025

Profile

Cheng Shin Rubber Ind. Co., Ltd., together with subsidiaries, processes, manufactures, and trades in bicycle and electrical vehicle tires, reclaimed rubbers, rubbers and resins, and other rubber products. It also manufactures and trades in various rubber products and related rubber machinery, and truck and automobile tires; and distributes rubber and components of tires. The company researches, develops, tests, manufactures, exhibits, imports, exports, wholesales, and retails tires and automobile accessories and related products, as well as processes and sells various anti-vibration rubber and hardware products. It also operates a technical center; produces, sells, and maintains models; retails accessories for rubber tires; provides container transportation services; manages racing tracks; and offers warehouse logistic and after-sales service center services. In addition, the company provides cover and tubes of tires and bicycle tires; adhesives; tapes; radial tires; plastic machinery; and molds and its accessory products. Further, it is involved in the construction and trading of employees' housings, and trading of vehicles parts and accessories. The company operates in Taiwan, China, the United States, and internationally. Cheng Shin Rubber Ind. Co., Ltd. was incorporated in 1967 and is headquartered in Changhua, Taiwan.

URL

https://www.cst.com.tw/

IPO date

Dec 07, 1987

Employees

Domiciled in

Incorporated in

Valuation

Order:

Title TWD in thousands, except ratios and share amounts	FY	FY	FY	FY	FY	FY	FY	FY	FY	FY
Title TWD in thousands, except ratios and share amounts	2023‑12	2022‑12	2021‑12	2020‑12	2019‑12	2018‑12	2017‑12	2016‑12	2015‑12	2014‑12
Income
Revenues	96,201,313 -2.46%	98,622,877 -2.87%	101,536,961 5.54%
Cost of revenue	85,874,483	91,248,699	93,883,150
Unusual Expense (Income)
NOPBT	10,326,830	7,374,178	7,653,811
NOPBT Margin	10.73%	7.48%	7.54%
Operating Taxes	3,308,648	1,978,416	1,861,151
Tax Rate	32.04%	26.83%	24.32%
NOPAT	7,018,182	5,395,762	5,792,660
Net income	7,182,382 44.77%	4,961,369 -5.86%	5,270,007 -12.00%
Dividends	(4,538,001)	(3,889,712)	(3,889,699)
Dividend yield	3.11%	3.53%	3.32%
Proceeds from repurchase of equity
BB yield
Debt
Debt current	5,277,264	14,469,357	19,970,209
Long-term debt	32,386,554	29,481,835	29,706,492
Deferred revenue			167,859
Other long-term liabilities	3,814,073	2,609,685	2,589,232
Net debt	2,649,679	16,691,949	23,510,270
Cash flow
Cash from operating activities	21,226,900	14,524,653	15,495,504
CAPEX	(3,167,249)	(3,322,536)	(4,472,600)
Cash from investing activities	(10,519,297)	(6,407,480)	(4,279,095)
Cash from financing activities	(10,330,674)	(10,546,393)	(3,703,202)
FCF	17,501,178	9,297,042	2,598,284
Balance
Cash	25,668,244	21,928,909	25,968,558
Long term investments	9,345,895	5,330,334	197,873
Excess cash	30,204,073	22,328,099	21,089,583
Stockholders' equity	85,925,021	84,377,043	81,467,596
Invested Capital	96,879,167	106,692,845	111,243,789
ROIC	6.90%	4.95%	5.30%
ROCE	8.13%	5.68%	5.74%
EV
Common stock shares outstanding	3,246,624	3,246,286	3,245,866
Price	44.90 32.45%	33.90 -6.09%	36.10 -18.05%
Market cap	145,773,418 32.46%	110,049,102 -6.08%	117,175,763 -18.04%
EV	148,985,607	127,316,667	141,244,932
EBITDA	21,026,704	18,096,092	18,895,670
EV/EBITDA	7.09	7.04	7.47
Interest	1,177,615	779,988	530,597
Interest/NOPBT	11.40%	10.58%	6.93%