Cheng Shin Rubber Industry Co (TPE:2105) Retained Earnings: NT$31,702 Mil (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TPE:2105 Cheng Shin Rubber Industry Co Ltd TPE:2105
74 GF Score
Price NT$31.70
GF Value NT$41.86
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

What is Cheng Shin Rubber Industry Co Retained Earnings?

Cheng Shin Rubber Industry Co TPE:2105 +0.96% 74 Retained Earnings is NT$31,702 Mil as of Mar. 2026. GuruFocus rates TPE:2105 with a GF Score™ of 74/100 and a GF Value™ of NT$41.86 (Modestly Undervalued). The stock has 4 warning signs investors should review.

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Cheng Shin Rubber Industry Co's retained earnings for the quarter that ended in Mar. 2026 was NT$31,702 Mil.

Cheng Shin Rubber Industry Co's quarterly retained earnings increased from Sep. 2025 (NT$34,800 Mil) to Dec. 2025 (NT$35,675 Mil) but then declined from Dec. 2025 (NT$35,675 Mil) to Mar. 2026 (NT$31,702 Mil).

Cheng Shin Rubber Industry Co's annual retained earnings declined from Dec. 2023 (NT$36,827 Mil) to Dec. 2024 (NT$36,655 Mil) and declined from Dec. 2024 (NT$36,655 Mil) to Dec. 2025 (NT$35,675 Mil).


Cheng Shin Rubber Industry Co  (TPE:2105) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.


Cheng Shin Rubber Industry Co Retained Earnings Historical Data

* Premium members only.

The historical data trend for Cheng Shin Rubber Industry Co's Retained Earnings 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 Retained Earnings Chart

Cheng Shin Rubber Industry Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only 33,280.81 32,946.21 36,826.50 36,654.63 35,674.91

Cheng Shin Rubber Industry Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Retained Earnings 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 30,326.44 33,162.77 34,799.67 35,674.91 31,702.05
TPE:2105
74GF Score
Cheng Shin Rubber Industry Co Ltd TPE:2105
Retained Earnings is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Cheng Shin Rubber Industry Co Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.

Frequently Asked Questions Learn more about Retained Earnings →
What does a Retained Earnings of NT$31,702 Mil mean?
Cheng Shin Rubber Industry Co (TPE:2105) has a Retained Earnings of NT$31,702 Mil as of Mar. 2026. Retained earnings is the amount of net income not issued to shareholders. View historical data on Cheng Shin Rubber Industry Co and its competitors.
Is Cheng Shin Rubber Industry Co's Retained Earnings too high?
Cheng Shin Rubber Industry Co's current Retained Earnings is NT$31,702 Mil. Overall, Cheng Shin Rubber Industry Co has a GF Score™ of 74/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Cheng Shin Rubber Industry Co's Retained Earnings compare to ORLY and AZO?
Cheng Shin Rubber Industry Co's Retained Earnings of NT$31,702 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 Retained Earnings for a Vehicles & Parts company?
A good Retained Earnings depends on the Vehicles & Parts industry context. However, Retained Earnings 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 Retained Earnings mean?
A high Retained Earnings can signal that a stock is expensive relative to its fundamentals. Retained earnings is the amount of net income not issued to shareholders. View historical data on Cheng Shin Rubber Industry Co and its competitors. Cheng Shin Rubber Industry Co's current Retained Earnings is NT$31,702 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 Modestly Undervalued. The stock's GF Value™ is NT$41.86, compared to a current price of NT$31.70 — trading 24.3% below its estimated fair value. The current Retained Earnings is NT$31,702 Mil. Cheng Shin Rubber Industry Co's overall GF Score™ is 74/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Retained Earnings calculated?
Retained Earnings is calculated from a company's financial statements. For Cheng Shin Rubber Industry Co (TPE:2105), the current Retained Earnings is NT$31,702 Mil as of Mar. 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 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$31.70 is trading 24.3% below its estimated GF Value™ of NT$41.86. GuruFocus considers Cheng Shin Rubber Industry Co to be Modestly Undervalued.

Key valuation signals for TPE:2105:

  • Retained Earnings: NT$31,702 Mil
  • GF Value™: NT$41.86 vs. price of NT$31.70 (24.3% below fair value)
  • GF Score™: 74/100 with 4 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.
74GF Score

Get the complete analysis for TPE:2105

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

NT$31.70
Price
NT$41.86
GF Value