TSRC (TPE:2103) EV-to-FCF: 71.36 (As of Jul. 03, 2026) — 298% Above Median


TPE:2103 TSRC Corp TPE:2103
66 GF Score
Price NT$21.40
GF Value NT$26.58
Valuation Modestly Undervalued
! 11 Warning Signs
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What is TSRC EV-to-FCF?

TSRC TPE:2103 +3.88% 66 EV-to-FCF is 71.36 as of Jul. 03, 2026, which is 298% above its 10-year median of 17.92. GuruFocus rates TPE:2103 with a GF Score™ of 66/100 and a GF Value™ of NT$26.58 (Modestly Undervalued). The stock has 11 warning signs investors should review. Among 919 Chemicals companies, TSRC ranks worse than 81.18% on this metric.

EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, TSRC's Enterprise Value is NT$25,866 Mil. TSRC's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was NT$362 Mil. Therefore, TSRC's EV-to-FCF for today is 71.36.

The historical rank and industry rank for TSRC's EV-to-FCF or its related term are showing as below:

TPE:2103' s EV-to-FCF Range Over the Past 10 Years
Min: -1765.79   Med: 17.92   Max: 194.05
Current: 68.74

During the past 13 years, the highest EV-to-FCF of TSRC was 194.05. The lowest was -1765.79. And the median was 17.92.

TPE:2103's EV-to-FCF is ranked worse than
81.18% of 919 companies
in the Chemicals industry
Industry Median: 22.62 vs TPE:2103: 68.74

EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.

As of today (2026-07-03), TSRC's stock price is NT$21.40. TSRC's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was NT$0.540. Therefore, TSRC's PE Ratio (TTM) for today is 39.63.


TSRC  (TPE:2103) EV-to-FCF Explanation

EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.

TSRC's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=21.40/0.540
=39.63

TSRC's share price for today is NT$21.40.
TSRC's Earnings per Share (Diluted) 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$0.540.

* 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.

Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.


TSRC EV-to-FCF Related Terms


TSRC EV-to-FCF Historical Data

* Premium members only.

The historical data trend for TSRC's EV-to-FCF 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.

TSRC EV-to-FCF Chart

TSRC Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EV-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 20.95 18.63 23.78 -10.45 57.92

TSRC Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
EV-to-FCF 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 -10.45 -13.93 15.20 18.59 57.92

TPE:2103 vs LIN, SHW, ECL: EV-to-FCF Comparison

For the Specialty Chemicals subindustry, TSRC's EV-to-FCF, along with its competitors' market caps and EV-to-FCF 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.


TSRC EV-to-FCF vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, TSRC's EV-to-FCF distribution charts can be found below:

* The bar in red indicates where TSRC's EV-to-FCF falls into.


TPE:2103
66GF Score
TSRC Corp TPE:2103
EV-to-FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

TSRC EV-to-FCF Calculation

TSRC's EV-to-FCF for today is calculated as:

EV-to-FCF=Enterprise Value (Today)/Free Cash Flow (TTM)
=25866.215/362.483
=71.36

TSRC's current Enterprise Value is NT$25,866 Mil.
TSRC's Free Cash Flow 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$362 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 EV-to-FCF →
What does a EV-to-FCF of 71.36 mean?
TSRC (TPE:2103) has a EV-to-FCF of 71.36 as of Jul. 03, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on TSRC and its competitors. This is 298% above median its historical median of 17.92. According to the industry distribution chart, TSRC ranks #746 out of 919 companies in the Chemicals industry, placing it in the top 81.2%.
Is TSRC's EV-to-FCF too high?
TSRC's current EV-to-FCF of 71.36 is 298% above median its 10-year median of 17.92. The Chemicals industry median EV-to-FCF is 22.62. TSRC's value of 71.36 is 215.5% above this industry median. Based on the distribution chart, TSRC ranks #746 out of 919 companies in the Chemicals industry, which is in the bottom quartile relative to peers. Overall, TSRC has a GF Score™ of 66/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does TSRC's EV-to-FCF compare to LIN and SHW?
According to the Chemicals industry distribution chart, TSRC ranks #746 out of 919 companies for EV-to-FCF. This places TSRC in the lower half of its industry. The industry median EV-to-FCF is 22.62. TSRC's value of 71.36 is 215.5% above this benchmark. While the company's 10-year median is 17.92 vs. the industry median of 22.62, TSRC has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-FCF for a Chemicals company?
The median EV-to-FCF among Chemicals companies is 22.62, based on 919 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. TSRC's current EV-to-FCF of 71.36 is 215.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on TSRC and its competitors. For the Chemicals industry, the median EV-to-FCF is 22.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TSRC's current EV-to-FCF is 71.36, which is 298% above median its own 10-year median of 17.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TSRC stock overvalued right now?
Based on GuruFocus' analysis, TSRC (TPE:2103) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$26.58, compared to a current price of NT$21.40 — trading 19.5% below its estimated fair value. The current EV-to-FCF is 71.36, which is 298% above median its 10-year median of 17.92 and 215.5% above the Chemicals industry median of 22.62. TSRC's overall GF Score™ is 66/100 with 11 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For TSRC (TPE:2103), the current EV-to-FCF is 71.36 as of Jul. 03, 2026. 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 TSRC (TPE:2103) Overvalued in 2026?

Based on GuruFocus' analysis, TSRC stock appears to be undervalued. The current stock price of NT$21.40 is trading 19.5% below its estimated GF Value™ of NT$26.58. GuruFocus considers TSRC to be Modestly Undervalued.

Key valuation signals for TPE:2103:

  • EV-to-FCF: 71.36 (298% above median its 10-year median of 17.92)
  • GF Value™: NT$26.58 vs. price of NT$21.40 (19.5% below fair value)
  • GF Score™: 66/100 with 11 warning signs
  • Industry Position: 215.5% above the Chemicals median (#746 of 919)

No single metric tells the full story. See the TPE:2103 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


TSRC Business Description

Address No. 2, Singgong Road, Dashe District, Kaohsiung, TWN
TSRC Corporation is a rubber manufacturer based out of Taiwan. The company offers tire products globally, with Asian markets accounting for the majority of the company's sales. Product offerings are divided into the Synthetic Rubber business and Applied polymer business. Under the Synthetic Rubber business, tires are built to improve abrasion resistance and provide low rolling resistance and wet grip resistance. Consumers of TSRC Corp tire products depend on products to deliver reduced fuel consumption and meet a host of regulations and environmental conditions. Products under the Applied Polymers business are often used in high-grade shoe soles, asphalt modification, plastic modification, adhesives, and other end markets. Its geographical segments are Asia, America, Europe, and Others.
66GF Score

Get the complete analysis for TPE:2103

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

NT$21.40
Price
NT$26.58
GF Value