Cheng Shin Rubber Ind. Co (2105) Fair Value & Analysis

Consumer Cyclical · TW · Market cap 109B TWD

A solid business, currently priced close to our fair value.

What matters now

• The price sits close to our fair value, market and models broadly agree here, little valuation tension.
• Our model range runs from 24.61 TWD (bear) to 41.02 TWD (bull), base 32.82 TWD. The closer the price sits to the lower half, the larger the margin of safety.
• Quality 61/100 (solid quality) with high evidence: the data supports the verdict.

Price vs Fair Value (5 years)

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 19, 2026.

How to read this chart

60‑month range 28.20 TWD – 61.80 TWD · fair‑value band 24.61 TWD – 41.02 TWD · the 31.40 TWD price screens below the 32.82 TWD fair value. Dashed = 300-day average. As of Jul 19, 2026.

Full chart & analysis →

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Analysis

Cheng Shin Rubber Ind. Co (2105) currently trades at 31.40 TWD, while our model-based Fair Value estimate is 32.82 TWD, implying the stock looks roughly 4.5% fairly valued today. The Quality Score stands at 61/100 (solid quality), in the Consumer Cyclical sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Cheng Shin Rubber Ind. Co generated revenue of 91.0B TWD at a net margin of 5.8%. Revenue grew 1.1% year over year. It earns a return on equity of 6.1%. Net debt stands at 15.6B TWD. Fundamentals as of Jul 19, 2026

Our scenario range runs from 24.61 TWD (bear case) to 41.02 TWD (bull case); at 31.40 TWD, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 32% below its 52-week high and 12% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -44% fair-value upside, at 5%, 2105 screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Widest divergence: DCF Models (34.91 TWD) versus Earnings-Based (15.70 TWD). Highest evidence: Growth DCF (80).

Key figures & financial health

Quality Score breakdown

About the company

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.

Full company description

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. In addition, the company researches, develops, tests, manufactures, exhibits, imports, exports, wholesales, and retails various tires, automobile accessories, and related products. Further, it operates a technical center; produces, sells, and maintains models; retails accessories for rubber tires; provides container transportation, warehouse logistic, and after-sales service center services; and manages racing tracks. Additionally, the company is involved in the construction and trading of employees' housings; and trading of vehicles parts and accessories. Further its sells its products online through website. It 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.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Cheng Shin Rubber Ind. Co reported revenue of 90.8B TWD in FY2025 versus 102B TWD in FY2021, a compound −2.8%/yr. Reported net income was 4.8B TWD in FY2025, compounding −2.1%/yr from FY2021.

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Peer Group

Auto Parts · 642 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Valuation Multiples vs Auto Parts median · lower = cheaper

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

Insider activity: 40/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

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Frequently asked questions

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.