Cheng Shin Rubber Industry Co (TPE:2105) Net Margin %: 4.11% (As of Dec. 2025) — 22% Below Median


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 Net Margin %?

Cheng Shin Rubber Industry Co TPE:2105 -0.68% 70 Net Margin % is 4.11% as of Dec. 2025, which is 22% below its 10-year median of 5.27. 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. Among 1,326 Vehicles & Parts companies, Cheng Shin Rubber Industry Co ranks better than 66.29% on this metric.

Net margin is calculated as Net Income divided by its Revenue. Cheng Shin Rubber Industry Co's Net Income for the three months ended in Dec. 2025 was NT$861 Mil. Cheng Shin Rubber Industry Co's Revenue for the three months ended in Dec. 2025 was NT$20,955 Mil. Therefore, Cheng Shin Rubber Industry Co's net margin for the quarter that ended in Dec. 2025 was 4.11%.

The historical rank and industry rank for Cheng Shin Rubber Industry Co's Net Margin % or its related term are showing as below:

TPE:2105' s Net Margin % Range Over the Past 10 Years
Min: 3.17   Med: 5.27   Max: 11.29
Current: 5.35


TPE:2105's Net Margin % is ranked better than
66.29% of 1326 companies
in the Vehicles & Parts industry
Industry Median: 3.205 vs TPE:2105: 5.35

Cheng Shin Rubber Industry Co  (TPE:2105) Net Margin % Explanation

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.


Cheng Shin Rubber Industry Co Net Margin % Related Terms


Cheng Shin Rubber Industry Co Net Margin % Historical Data

* Premium members only.

The historical data trend for Cheng Shin Rubber Industry Co's Net Margin % 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 Net Margin % Chart

Cheng Shin Rubber Industry Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Net Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.19 5.03 7.47 8.33 5.35

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
Net Margin % 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 4.89 6.26 3.94 6.91 4.11

TPE:2105 vs ORLY, AZO: Net Margin % Comparison

For the Auto Parts subindustry, Cheng Shin Rubber Industry Co's Net Margin %, along with its competitors' market caps and Net Margin % 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 Net Margin % vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Cheng Shin Rubber Industry Co's Net Margin % distribution charts can be found below:

* The bar in red indicates where Cheng Shin Rubber Industry Co's Net Margin % falls into.


TPE:2105
70GF Score
Cheng Shin Rubber Industry Co Ltd TPE:2105
Net Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Cheng Shin Rubber Industry Co Net Margin % Calculation

Net margin - also known as net profit margin is the ratio of Net Income divided by net sales or Revenue, usually presented in percent.

Cheng Shin Rubber Industry Co's Net Margin for the fiscal year that ended in Dec. 2025 is calculated as

Net Margin=Net Income (A: Dec. 2025 )/Revenue (A: Dec. 2025 )
=4854.332/90780.872
=5.35 %

Cheng Shin Rubber Industry Co's Net Margin for the quarter that ended in Dec. 2025 is calculated as

Net Margin=Net Income (Q: Dec. 2025 )/Revenue (Q: Dec. 2025 )
=860.921/20955.145
=4.11 %

* 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 Net Margin % →
What does a Net Margin % of 4.11% mean?
Cheng Shin Rubber Industry Co (TPE:2105) has a Net Margin % of 4.11% as of Dec. 2025. Net margin is the ratio of total net income to net sales. View historical data on Cheng Shin Rubber Industry Co and its competitors. This is 22% below median its historical median of 5.27. Over the past decade, Cheng Shin Rubber Industry Co's Net Margin % has ranged from 3.17 to 11.29. According to the industry distribution chart, Cheng Shin Rubber Industry Co ranks #447 out of 1326 companies in the Vehicles & Parts industry, placing it in the top 33.7%.
Is Cheng Shin Rubber Industry Co's Net Margin % too high?
Cheng Shin Rubber Industry Co's current Net Margin % of 4.11% is 22% below median its 10-year median of 5.27. Over the past 10 years, this metric has ranged from a low of 3.17 to a high of 11.29. The Vehicles & Parts industry median Net Margin % is 3.21. Cheng Shin Rubber Industry Co's value of 4.11% is 28.2% above this industry median. Based on the distribution chart, Cheng Shin Rubber Industry Co ranks #447 out of 1326 companies in the Vehicles & Parts industry, which is above the industry midpoint. 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 Net Margin % compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Cheng Shin Rubber Industry Co ranks #447 out of 1326 companies for Net Margin %. This puts Cheng Shin Rubber Industry Co in the upper half of its industry. The industry median Net Margin % is 3.21. Cheng Shin Rubber Industry Co's value of 4.11% is 28.2% above this benchmark. Historically, Cheng Shin Rubber Industry Co's own Net Margin % has ranged from 3.17 to 11.29 over the past decade. While the company's 10-year median is 5.27 vs. the industry median of 3.21, Cheng Shin Rubber Industry Co 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 Net Margin % for a Vehicles & Parts company?
The median Net Margin % among Vehicles & Parts companies is 3.21, based on 1,326 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Cheng Shin Rubber Industry Co's current Net Margin % of 4.11% is 28.2% 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 Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on Cheng Shin Rubber Industry Co and its competitors. For the Vehicles & Parts industry, the median Net Margin % is 3.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cheng Shin Rubber Industry Co's current Net Margin % is 4.11%, which is 22% below median its own 10-year median of 5.27. 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 Net Margin % is 4.11%, which is 22% below median its 10-year median of 5.27 and 28.2% above the Vehicles & Parts industry median of 3.21. 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 Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For Cheng Shin Rubber Industry Co (TPE:2105), the current Net Margin % is 4.11% 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:

  • Net Margin %: 4.11% (22% below median its 10-year median of 5.27)
  • GF Value™: NT$42.43 vs. price of NT$29.40 (30.7% below fair value)
  • GF Score™: 70/100 with 3 warning signs
  • Industry Position: 28.2% above the Vehicles & Parts median (#447 of 1326)

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

Net Margin % 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