Federal (TPE:2102) Research & Development: NT$8.1 Mil (TTM As of Dec. 2025)


TPE:2102 Federal Corp TPE:2102
63 GF Score
Price NT$18.10
GF Value NT$16.70
Valuation Fairly Valued
! 5 Warning Signs
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What is Federal Research & Development?

Federal TPE:2102 -0.82% 63 Research & Development is NT$8.1 Mil as of Dec. 2025. GuruFocus rates TPE:2102 with a GF Score™ of 63/100 and a GF Value™ of NT$16.70 (Fairly Valued). The stock has 5 warning signs investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. Federal's Research & Development for the three months ended in Dec. 2025 was NT$1.6 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Dec. 2025 was NT$8.1 Mil.

Federal  (TPE:2102) Research & Development Explanation

If competitive advantage is created by a patent or tech advantage, at some point it will disappear.

High R&D usually dictates high SG&A which threatens the competitive advantage.

Federal Research & Development Related Terms

Federal Research & Development Historical Data

* Premium members only.

The historical data trend for Federal's Research & Development 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.

Federal Research & Development Chart

Federal Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Research & Development
Get a 7-Day Free Trial Premium Member Only Premium Member Only 126.82 79.08 49.56 24.12 8.06

Federal Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
Research & Development 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 4.82 3.69 1.48 1.25 1.63
TPE:2102
63GF Score
Federal Corp TPE:2102
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
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Federal Research & Development Calculation

This is the expense the company spent on research and development.

Research & Development 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$8.1 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 Research & Development →
What does a Research & Development of NT$8.1 Mil mean?
Federal (TPE:2102) has a Research & Development of NT$8.1 Mil as of Dec. 2025. Research and development expense is the total cost for research and development activities. View historical data on Federal and its competitors.
Is Federal's Research & Development too high?
Federal's current Research & Development is NT$8.1 Mil. Overall, Federal has a GF Score™ of 63/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Federal's Research & Development compare to ORLY and AZO?
Federal's Research & Development of NT$8.1 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 Research & Development for a Vehicles & Parts company?
A good Research & Development depends on the Vehicles & Parts industry context. However, Research & Development 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 Research & Development mean?
A high Research & Development can signal that a stock is expensive relative to its fundamentals. Research and development expense is the total cost for research and development activities. View historical data on Federal and its competitors. Federal's current Research & Development is NT$8.1 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Federal stock overvalued right now?
Based on GuruFocus' analysis, Federal (TPE:2102) is currently considered Fairly Valued. The stock's GF Value™ is NT$16.70, compared to a current price of NT$18.10 — trading 8.4% above its estimated fair value. The current Research & Development is NT$8.1 Mil. Federal's overall GF Score™ is 63/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Research & Development calculated?
Research & Development is calculated from a company's financial statements. For Federal (TPE:2102), the current Research & Development is NT$8.1 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 Federal (TPE:2102) Overvalued in 2026?

Based on GuruFocus' analysis, Federal stock appears to be overvalued. The current stock price of NT$18.10 is trading 8.4% above its estimated GF Value™ of NT$16.70. GuruFocus considers Federal to be Fairly Valued.

Key valuation signals for TPE:2102:

  • Research & Development: NT$8.1 Mil
  • GF Value™: NT$16.70 vs. price of NT$18.10 (8.4% above fair value)
  • GF Score™: 63/100 with 5 warning signs

No single metric tells the full story. See the TPE:2102 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Federal Business Description

Address No. 398, Huanbei Road, 2nd Floor-2, Zhongli District, Taoyuan, TWN
Federal Corp is a Taiwan-based company that engages in the manufacturing and sale of automobile tires and rubber, as well as real estate development and leasing. Its products include tires for ultra-high performance (UHP) vehicles and high-performance vehicles, tires for passenger cars, and tires for sports utility vehicles (SUVs), among others. It also provides light truck tires, drift tires, and all-season tires. The company derives its key revenue from the domestic market and the rest from Asia and America.
63GF Score

Get the complete analysis for TPE:2102

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

NT$18.10
Price
NT$16.70
GF Value