Loading…
Chinese industrial group focused on tires and tire-retreading/recycling machinery, historically known for rubber shoes.
Chinese industrial group focused on tires and tire-retreading/recycling machinery, historically known for rubber shoes.
Moat: none. Diversified rubber-industrial conglomerate without a clear structural advantage in a competitive tire market.
Headquarters: Qingdao, Shandong, China · Founded: 1921 · Employees: 5,909
Size Qingdao Doublestar (000599.SZ) is a China Consumer Discretionary company (Automotive Aftermarket) with a market value of $1.45B, the 1676th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥3.96 on 6 Nov 2026.
Performance Over six months the shares fell 33.6%, against -10.5% for the median peer and -16.4% for the China market (cap-weighted) — lowest of 21 in its peer set.
Growth Revenue grew 389.6% over the last twelve months (peer median +5.2%); the operating margin is 7.7% (peer median 8.1%).
Valuation It trades at 1.3× enterprise value to sales against a peer median of 0.9× (6th most expensive of 21).
Price implies For today's price to make sense, revenue must grow about -3% a year for seven years (Req g). Recent delivered growth is +1%, so the hurdle is -4 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 1.0 points above its cost of capital (5.0% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥22.0B | CN¥4.62B | CN¥4.29B | CN¥4.62B | CN¥3.91B |
| Revenue growth | — | +8% | -7% | +18% | — |
| Gross profit | CN¥5.35B | CN¥222M | CN¥309M | CN¥317M | CN¥18.4M |
| EBITDA | n/a | -CN¥54.3M | -CN¥15.5M | CN¥72.6M | -CN¥164M |
| Net income | -CN¥93.7M | -CN¥360M | -CN¥356M | -CN¥176M | -CN¥602M |
| Free cash flow | CN¥1.05B | -CN¥289M | -CN¥442M | CN¥38.0M | CN¥175M |
| Capital expenditure | CN¥1.21B | CN¥148M | CN¥458M | CN¥243M | CN¥162M |
| Total debt | CN¥16.4B | CN¥5.83B | CN¥5.56B | CN¥5.95B | CN¥5.64B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g |
|---|---|---|---|---|---|---|
| Qingdao Doublestar 000599.SZ | $1.45B | -34% | +390% | 8% | 1.3× | -2.9% |
| Zhongce Rubber Group Co., Ltd. A 603049.SS | $2.70B | -19% | +14% | 8% | 0.7× | n/a |
| Sailun 601058.SS | $5.92B | -10% | +12% | 12% | 1.4× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 000599.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -10.4% | -0.3% | 3rd lowest of 21 |
| 6-month return | -33.6% | -10.5% | lowest of 21 |
| Distance from 52-week high | -53.0% | -29.2% | 2nd lowest of 21 |
| Revenue growth (TTM) | +389.6% | +5.2% | highest of 21 |
| Operating margin | 7.7% | 8.1% | 9th lowest of 21 |
| EV / Sales | 1.3× | 0.9× | 6th most expensive of 21 |
| Growth the price implies (Req g, 7 yrs) | -2.9% | 0.7% | 7th least demanding of 15 |
| Growth delivered (Del g) | +1.0% | +9.3% | 4th lowest of 15 |
| Hurdle (Req g minus delivered) | -3.8 pp | -8.8 pp | 6th most demanding of 15 |
| ROIC minus cost of capital | +1.0 pp | +0.2 pp | 10th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Qingdao Doublestar 000599.SZ | China | $1.45B | -34% | +390% | 8% | 1.3× | -2.9% | +1.0% |
| CEAT CEATLTD.NS | India | $1.52B | +6% | +24% | 7% | 1.1× | 24.9% | +15.5% |
| Triangle Tyre 601163.SS | China | $1.38B | -21% | +2% | 5% | 0.8× | -7.2% | +2.9% |
| Goodyear Tire & Rubber GT | United States | $1.26B | -33% | -4% | 3% | 0.5× | 5.9% | +8.2% |
| TS Tech 7313.T | Japan | $1.25B | -3% | 0% | 2% | 0.3× | n/a | n/a |
| Haian Rubber 001233.SZ | China | $1.82B | +9% | -4% | 23% | 4.1× | 1.8% | +13.7% |
| Kumhotire 073240.KS | South Korea | $1.12B | -9% | +2% | 12% | 0.3× | n/a | n/a |
| JK Tyre & Industries JKTYRE.NS | India | $1.10B | -12% | +13% | 7% | 0.9× | n/a | n/a |
| XPEL XPEL | United States | $1.06B | -12% | +13% | 14% | 2.1× | n/a | n/a |
| Standard Motor Products SMP | United States | $993M | +10% | +6% | 11% | 0.8× | -8.5% | +9.7% |
| Guizhou Tyre 000589.SZ | China | $974M | -18% | +8% | 8% | 0.9× | n/a | n/a |
| Nokian Renkaat TYRES.HE | Finland | $2.21B | +37% | +5% | 6% | 2.0× | 19.4% | +0.9% |
| Shandong Linglong Tyre 601966.SS | China | $2.32B | -19% | +8% | 3% | 1.1× | -0.4% | +6.0% |
| Jiangsu General Science Technology 601500.SS | China | $831M | -25% | +11% | 5% | 1.2× | -3.5% | +19.8% |
| Qingdao Sentury Tire 002984.SZ | China | $2.62B | -25% | +2% | 8% | 1.9× | 3.4% | +12.8% |
| Zhongce Rubber Group Co., Ltd. A 603049.SS | China | $2.70B | -19% | +14% | 8% | 0.7× | n/a | n/a |
| Apollo Tyres APOLLOTYRE.NS | India | $2.80B | +1% | +14% | 8% | 1.0× | 15.6% | +10.7% |
| Cheng Shin Rubber Ind 2105.TW | Taiwan | $2.95B | -3% | -1% | 9% | 0.9× | -9.3% | -1.2% |
| Bengal & Assam BENGALASM.NS | India | $688M | -13% | +12% | 13% | 2.7× | 19.9% | -25.6% |
| Toyo Tire 5105.T | Japan | $3.17B | +6% | +4% | 15% | 0.8× | -7.3% | +11.6% |
| Sumitomo Rubber Industries 5110.T | Japan | $3.40B | +1% | +5% | 8% | 0.6× | -3.3% | +8.8% |