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Size Nankang Rubber Tire (2101.TW) is a Taiwan Consumer Discretionary company (Automotive Aftermarket) with a market value of $607M, the 386th largest of 687 Taiwan companies the cockpit tracks. Shares closed at NT$27.40 on 6 Nov 2026.
Performance Over six months the shares fell 18.2%, against -16.9% for the median peer and -3.4% for the Taiwan market (cap-weighted) — 10th lowest of 21 in its peer set.
Growth Revenue grew 10.3% over the last twelve months (peer median +6.9%); the operating margin is 26.3% (peer median 4.7%).
Valuation It trades at 2.0× enterprise value to sales against a peer median of 0.8× (4th most expensive of 21).
Price implies For today's price to make sense, revenue must grow about -15% a year for seven years (Req g). Recent delivered growth is -3%, so the hurdle is -13 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 7.6 points above its cost of capital (5.0% WACC).
Next results Next results expected around 18 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | NT$17.0B | NT$8.43B | NT$15.2B | NT$7.85B | NT$7.41B |
| Revenue growth | — | -45% | +94% | +6% | — |
| Gross profit | NT$6.28B | NT$1.75B | NT$4.83B | NT$1.50B | NT$1.02B |
| EBITDA | NT$5.10B | NT$1.22B | NT$4.21B | NT$1.17B | NT$340M |
| Net income | NT$4.13B | NT$810M | NT$2.95B | NT$134M | -NT$1.02B |
| Free cash flow | NT$7.91B | NT$1.40B | -NT$1.06B | -NT$3.02B | -NT$3.26B |
| Capital expenditure | NT$529M | NT$430M | NT$329M | NT$249M | NT$313M |
| Total debt | NT$16.3B | NT$23.0B | NT$20.7B | NT$20.4B | NT$17.7B |
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.
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 | 2101.TW | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -4.5% | -5.6% | 9th highest of 21 |
| 6-month return | -18.2% | -16.9% | 10th lowest of 21 |
| Distance from 52-week high | -31.3% | -31.4% | 10th highest of 21 |
| Revenue growth (TTM) | +10.3% | +6.9% | 9th highest of 21 |
| Operating margin | 26.3% | 4.7% | highest of 21 |
| EV / Sales | 2.0× | 0.8× | 4th most expensive of 21 |
| Growth the price implies (Req g, 7 yrs) | -15.5% | -2.9% | 2nd least demanding of 12 |
| Growth delivered (Del g) | -2.8% | +9.7% | 2nd lowest of 12 |
| Hurdle (Req g minus delivered) | -12.7 pp | -10.1 pp | 5th least demanding of 12 |
| ROIC minus cost of capital | +7.6 pp | -0.7 pp | 2nd highest of 21 |
| EV / EBITDA | 6.6× | 9.7× | 6th cheapest of 12 |
| Net debt / EBITDA | 2.6× | 1.5× | 4th most indebted of 12 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Nankang Rubber Tire 2101.TW | Taiwan | $607M | -18% | +10% | 26% | 2.0× | -15.5% | -2.8% |
| Aeolus Tire 600469.SS | China | $598M | -30% | +2% | 4% | 0.7× | n/a | n/a |
| Giti Tire 600182.SS | China | $578M | -22% | -1% | 10% | 1.2× | -5.6% | +11.6% |
| Bengal & Assam BENGALASM.NS | India | $688M | -13% | +12% | 13% | 2.7× | 19.9% | -25.6% |
| Prinx Chengshan 1809.HK | Hong Kong | $508M | -20% | +9% | 9% | 0.3× | n/a | n/a |
| Kenda Rubber Industrial 2106.TW | Taiwan | $461M | -8% | 0% | 2% | 0.8× | 10.9% | +2.3% |
| Jiangsu General Science Technology 601500.SS | China | $831M | -25% | +11% | 5% | 1.2× | -3.5% | +19.8% |
| Nexen Tire 002350.KS | South Korea | $429M | -19% | +11% | 4% | 0.2× | -20.0% | +13.4% |
| Guizhou Tyre 000589.SZ | China | $974M | -18% | +8% | 8% | 0.9× | n/a | n/a |
| Standard Motor Products SMP | United States | $993M | +10% | +6% | 11% | 0.8× | -8.5% | +9.7% |
| XPEL XPEL | United States | $1.06B | -12% | +13% | 14% | 2.1× | n/a | n/a |
| JTEKT India JTEKTINDIA.NS | India | $347M | -16% | +17% | 4% | 1.2× | n/a | n/a |
| TVS Srichakra TVSSRICHAK.NS | India | $346M | +9% | +19% | 4% | 0.8× | 24.3% | +13.4% |
| JK Tyre & Industries JKTYRE.NS | India | $1.10B | -12% | +13% | 7% | 0.9× | n/a | n/a |
| Kumhotire 073240.KS | South Korea | $1.12B | -9% | +2% | 12% | 0.3× | n/a | n/a |
| Guangdong Dcenti Auto Parts Stock 603335.SS | China | $322M | -29% | -18% | -11% | 3.4× | n/a | n/a |
| Firma Oponiarska Debica DBC.WA | Poland | $308M | 0% | -1% | 4% | 0.4× | -1.6% | +9.9% |
| TS Tech 7313.T | Japan | $1.25B | -3% | 0% | 2% | 0.3× | n/a | n/a |
| Goodyear Tire & Rubber GT | United States | $1.26B | -33% | -4% | 3% | 0.5× | 5.9% | +8.2% |
| Triangle Tyre 601163.SS | China | $1.38B | -21% | +2% | 5% | 0.8× | -7.2% | +2.9% |
| Qingdao Doublestar 000599.SZ | China | $1.45B | -34% | +390% | 8% | 1.3× | -2.9% | +1.0% |