Cheng Shin Rubber Industry Co (TPE:2105) EBIT: NT$7,639 Mil (TTM As of Dec. 2025)


TPE:2105 Cheng Shin Rubber Industry Co Ltd TPE:2105
70 GF Score
Price NT$29.40
GF Value NT$42.43
Valuation Significantly Undervalued
! 3 Warning Signs
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What is Cheng Shin Rubber Industry Co EBIT?

Cheng Shin Rubber Industry Co TPE:2105 -0.68% 70 EBIT is NT$7,639 Mil as of Dec. 2025. GuruFocus rates TPE:2105 with a GF Score™ of 70/100 and a GF Value™ of NT$42.43 (Significantly Undervalued). The stock has 3 warning signs investors should review.

Cheng Shin Rubber Industry Co's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2025 was NT$1,567 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2025 was NT$7,639 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Cheng Shin Rubber Industry Co's annualized ROC % for the quarter that ended in Dec. 2025 was 3.75%. Cheng Shin Rubber Industry Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 8.57%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Cheng Shin Rubber Industry Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 8.03%.


Cheng Shin Rubber Industry Co  (TPE:2105) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Cheng Shin Rubber Industry Co's annualized ROC % for the quarter that ended in Dec. 2025 is calculated as:

ROC % (Q: Dec. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2025 ) + Invested Capital (Q: Dec. 2025 ))/ count )
=5682.744 * ( 1 - 37.35% )/( (96986.3 + 92860.075)/ 2 )
=3560.239116/94923.1875
=3.75 %

where

Invested Capital(Q: Sep. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=138907.007 - 11765.889 - ( 30154.818 - max(0, 25535.617 - 60875.236+30154.818))
=96986.3

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=142881.524 - 11256.08 - ( 38765.369 - max(0, 21964.566 - 70082.889+38765.369))
=92860.075

Note: The Operating Income data used here is four times the quarterly (Dec. 2025) data.

2. Joel Greenblatt's definition of Return on Capital:

Cheng Shin Rubber Industry Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2025  Q: Dec. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=6268.092/( ( (59012.456 + max(13880.681, 0)) + (59346.805 + max(13958.84, 0)) )/ 2 )
=6268.092/( ( 72893.137 + 73305.645 )/ 2 )
=6268.092/73099.391
=8.57 %

where Working Capital is:

Working Capital(Q: Sep. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(10095.59 + 15262.925 + 1523.13) - (11765.889 + 0 + 1235.075)
=13880.681

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(8295.944 + 16468.259 + 1926.878) - (11256.08 + 0 + 1476.161)
=13958.84

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2025) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Cheng Shin Rubber Industry Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2025 )
=7639.083/95112.012
=8.03 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Cheng Shin Rubber Industry Co EBIT Related Terms


Cheng Shin Rubber Industry Co EBIT Historical Data

* Premium members only.

The historical data trend for Cheng Shin Rubber Industry Co's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Cheng Shin Rubber Industry Co EBIT Chart

Cheng Shin Rubber Industry Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7,686.60 7,750.66 11,693.54 11,684.35 7,639.08

Cheng Shin Rubber Industry Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,871.00 2,255.05 1,519.73 2,297.28 1,567.02

TPE:2105 vs ORLY, AZO: EBIT Comparison

For the Auto Parts subindustry, Cheng Shin Rubber Industry Co's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Cheng Shin Rubber Industry Co EV-to-EBIT vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Cheng Shin Rubber Industry Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Cheng Shin Rubber Industry Co's EV-to-EBIT falls into.


TPE:2105
70GF Score
Cheng Shin Rubber Industry Co Ltd TPE:2105
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Cheng Shin Rubber Industry Co EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Dec. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was NT$7,639 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of NT$7,639 Mil mean?
Cheng Shin Rubber Industry Co (TPE:2105) has a EBIT of NT$7,639 Mil as of Dec. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Cheng Shin Rubber Industry Co.
Is Cheng Shin Rubber Industry Co's EBIT too high?
Cheng Shin Rubber Industry Co's current EBIT is NT$7,639 Mil. Overall, Cheng Shin Rubber Industry Co has a GF Score™ of 70/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Cheng Shin Rubber Industry Co's EBIT compare to ORLY and AZO?
Cheng Shin Rubber Industry Co's EBIT of NT$7,639 Mil can be compared against companies in the Vehicles & Parts industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a Vehicles & Parts company?
A good EBIT depends on the Vehicles & Parts industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Cheng Shin Rubber Industry Co. Cheng Shin Rubber Industry Co's current EBIT is NT$7,639 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cheng Shin Rubber Industry Co stock overvalued right now?
Based on GuruFocus' analysis, Cheng Shin Rubber Industry Co (TPE:2105) is currently considered Significantly Undervalued. The stock's GF Value™ is NT$42.43, compared to a current price of NT$29.40 — trading 30.7% below its estimated fair value. The current EBIT is NT$7,639 Mil. Cheng Shin Rubber Industry Co's overall GF Score™ is 70/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Cheng Shin Rubber Industry Co (TPE:2105), the current EBIT is NT$7,639 Mil as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Cheng Shin Rubber Industry Co (TPE:2105) Overvalued in 2026?

Based on GuruFocus' analysis, Cheng Shin Rubber Industry Co stock appears to be undervalued. The current stock price of NT$29.40 is trading 30.7% below its estimated GF Value™ of NT$42.43. GuruFocus considers Cheng Shin Rubber Industry Co to be Significantly Undervalued.

Key valuation signals for TPE:2105:

  • EBIT: NT$7,639 Mil
  • GF Value™: NT$42.43 vs. price of NT$29.40 (30.7% below fair value)
  • GF Score™: 70/100 with 3 warning signs

No single metric tells the full story. See the TPE:2105 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Cheng Shin Rubber Industry Co Business Description

Address No. 215, Meigang Road, Dacun Township, Changhua, TWN, 51545
Cheng Shin Rubber Industry Co Ltd makes and sells rubber tires under the CST brand name. The company also sells rubber inner tubes and other rubber products. It includes the Processing, manufacturing, and trading of bicycle tires, electrical vehicle tires, reclaimed rubber, various rubbers, resin, and others. The Business organization is divided into Cheng Shin (Taiwan), MAXXIS (Taiwan) Trading, Cheng Shin (Xiamen), Cheng Shin (China), Petrel (Xiamen), Cheng Shin (Thailand), and other segments based on the nature of each company. The main sources of sales revenue are from manufacturing and sales of bicycle tires, electrical vehicle tires, reclaimed rubber, etc. Its geographical segments are Taiwan, China, the United States, and Others.
70GF Score

Get the complete analysis for TPE:2105

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

NT$29.40
Price
NT$42.43
GF Value