Cheng Shin Rubber Ind. Co., Ltd. (2105.TW) stock analysis

In our weekly check, Cheng Shin Rubber Ind. Co., Ltd. is graded B (A to F). Of 25 checks on debt, profit, cash flow and trend: 16 pass, warnings: 5, red flags: 4.

About Cheng Shin Rubber Ind. Co., Ltd.

Cheng Shin Rubber Ind. Co., Ltd. is a Consumer Cyclical company (Auto - Parts) based in Taiwan, listed on TAI as 2105.TW.

What our checks show for 2105.TW

Red flags

• Analysts expect revenue to shrink about 0.7% a year.
• Revenue fell 1.9% a year over the last 3 years.
• The dividend takes 132% of profit: little cushion if profit falls.
• The stock has fallen as much as 69% from a peak. Would you have held through that?

Warning signs

• Analysts expect earnings per share to shrink about 10.5% a year.
• Analysts expect the net margin to shrink by 1.5 points from today's 6.3%.
• The net margin is only 6.3%: little room if costs rise.
• The stock is still below its previous peak.
• Return on capital (ROCE) is only 7%.

Strengths

• Net debt is only 0.3x a year of EBITDA: the balance sheet has room.
• Operating profit covers interest 266 times over.
• The net margin rose by 1.1 points over 5 years, to 6.3%.
• The gross margin is 24% and has risen by 1.9 points: pricing power is holding.
• Operating cash flow is 2.56x net profit: the profit arrives as real cash.
• Free cash flow is 13.1% of revenue: cash for dividends, buybacks or growth.

Next earnings report: 2026-11-05

Similar companies

3606.HK · 2338.HK · EXIDEIND.NS · 0425.HK · ML.PA · MRF.NS

Questions

What grade does Cheng Shin Rubber Ind. Co., Ltd. (2105.TW) have?

In our weekly check, Cheng Shin Rubber Ind. Co., Ltd. is graded B (A to F). Of 25 checks on debt, profit, cash flow and trend: 16 pass, warnings: 5, red flags: 4. The grade is a risk check, not a buy or sell recommendation.

What are the main risks of 2105.TW stock?

This week's biggest flags for Cheng Shin Rubber Ind. Co., Ltd.: Weak revenue forecast, Weak revenue growth, Dividend stretched. In total 9 of 25 checks show a warning or a red flag.

What does Cheng Shin Rubber Ind. Co., Ltd. do?

Cheng Shin Rubber Ind. Co., Ltd. is a Consumer Cyclical company (Auto - Parts) based in Taiwan, listed on TAI as 2105.TW.

When does Cheng Shin Rubber Ind. Co., Ltd. report earnings next?

The next earnings report is expected on 2026-11-05. We re-run the checks every week, so the grade can change after it.

The grade is a risk check, not a price forecast, and not investment advice. In our 10-year test (S&P 500, 2016-2026), stocks we graded A or B fell more than 30% 2-3 times less often than D or F, without a lower average return.

Updated 2026-10-31

Open the full analysis