Cheng Shin Rubber Industry Co (TPE:2105) Selling, General, & Admin. Expense: NT$9,977 Mil (TTM As of Mar. 2026)

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TPE:2105 Cheng Shin Rubber Industry Co Ltd TPE:2105
81 GF Score
Price NT$30.40
GF Value NT$42.43
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Cheng Shin Rubber Industry Co Selling, General, & Admin. Expense?

Cheng Shin Rubber Industry Co TPE:2105 -0.98% 81 Selling, General, & Admin. Expense is NT$9,977 Mil as of Mar. 2026. GuruFocus rates TPE:2105 with a GF Score™ of 81/100 and a GF Value™ of NT$42.43 (Modestly Undervalued). The stock has 4 warning signs investors should review.

Selling, general, & admin. expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. Cheng Shin Rubber Industry Co's selling, general, & admin. expense for the three months ended in Mar. 2026 was NT$2,621 Mil. Its selling, general, & admin. expense for the trailing twelve months (TTM) ended in Mar. 2026 was NT$9,977 Mil.


Cheng Shin Rubber Industry Co  (TPE:2105) Selling, General, & Admin. Expense Explanation

An efficient operation keeps SGA costs low and thus has higher profit margin. The percentage of SGA relative to total revenue is an indication of how efficiently the company operates. Compare this percentage among the companies in the same industry is a good way of finding more efficient operations. A comparison of the SGA cost relative to the revenue with the historical value can also be an indication of how efficient the company has become.

Warren Buffett likes companies with consistent SGA as the percentage of gross profit.

Companies with no durable competitive advantage show wild variation in SG&A as % of Gross Profit.

If SGA is less than 30% of Gross Profit, it is fantastic. If SGA is nearing 100%, it is is in highly competitive industry.


Cheng Shin Rubber Industry Co Selling, General, & Admin. Expense Related Terms


Cheng Shin Rubber Industry Co Selling, General, & Admin. Expense Historical Data

* Premium members only.

The historical data trend for Cheng Shin Rubber Industry Co's Selling, General, & Admin. Expense 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 Selling, General, & Admin. Expense Chart

Cheng Shin Rubber Industry Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Selling, General, & Admin. Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10,376.86 9,649.34 9,213.66 9,539.00 9,766.51

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
Selling, General, & Admin. Expense 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 2,410.38 2,347.52 2,565.29 2,443.33 2,621.34

TPE:2105 vs ORLY, AZO: Selling, General, & Admin. Expense Comparison

For the Auto Parts subindustry, Cheng Shin Rubber Industry Co's Selling, General, & Admin. Expense, along with its competitors' market caps and Selling, General, & Admin. Expense 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 Selling, General, & Admin. Expense vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Cheng Shin Rubber Industry Co's Selling, General, & Admin. Expense distribution charts can be found below:

* The bar in red indicates where Cheng Shin Rubber Industry Co's Selling, General, & Admin. Expense falls into.


TPE:2105
81GF Score
Cheng Shin Rubber Industry Co Ltd TPE:2105
Selling, General, & Admin. Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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Cheng Shin Rubber Industry Co Selling, General, & Admin. Expense Calculation

Selling, General, & Admin. Expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. For instance, personnel cost, advertising, rent, communication costs are all part of SGA.

Selling, General, & Admin. Expense for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was NT$9,977 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.

What does a Selling, General, & Admin. Expense of NT$9,977 Mil mean?
Cheng Shin Rubber Industry Co (TPE:2105) has a Selling, General, & Admin. Expense of NT$9,977 Mil as of Mar. 2026. Selling, general and admin expense is the total cost for direct, indirect, general and administrative activities. View historical data on Cheng Shin Rubber Industry Co and its competitors.
Is Cheng Shin Rubber Industry Co's Selling, General, & Admin. Expense too high?
Cheng Shin Rubber Industry Co's current Selling, General, & Admin. Expense is NT$9,977 Mil. Overall, Cheng Shin Rubber Industry Co has a GF Score™ of 81/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Cheng Shin Rubber Industry Co's Selling, General, & Admin. Expense compare to ORLY and AZO?
Cheng Shin Rubber Industry Co's Selling, General, & Admin. Expense of NT$9,977 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 Selling, General, & Admin. Expense for a Vehicles & Parts company?
A good Selling, General, & Admin. Expense depends on the Vehicles & Parts industry context. However, Selling, General, & Admin. Expense 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 Selling, General, & Admin. Expense mean?
A high Selling, General, & Admin. Expense can signal that a stock is expensive relative to its fundamentals. Selling, general and admin expense is the total cost for direct, indirect, general and administrative activities. View historical data on Cheng Shin Rubber Industry Co and its competitors. Cheng Shin Rubber Industry Co's current Selling, General, & Admin. Expense is NT$9,977 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$42.43, compared to a current price of NT$30.40 — trading 28.4% below its estimated fair value. The current Selling, General, & Admin. Expense is NT$9,977 Mil. Cheng Shin Rubber Industry Co's overall GF Score™ is 81/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Selling, General, & Admin. Expense calculated?
Selling, General, & Admin. Expense is calculated from a company's financial statements. For Cheng Shin Rubber Industry Co (TPE:2105), the current Selling, General, & Admin. Expense is NT$9,977 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$30.40 is trading 28.4% below its estimated GF Value™ of NT$42.43. GuruFocus considers Cheng Shin Rubber Industry Co to be Modestly Undervalued.

Key valuation signals for TPE:2105:

  • Selling, General, & Admin. Expense: NT$9,977 Mil
  • GF Value™: NT$42.43 vs. price of NT$30.40 (28.4% below fair value)
  • GF Score™: 81/100 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.
81GF Score

Get the complete analysis for TPE:2105

Selling, General, & Admin. Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

NT$30.40
Price
NT$42.43
GF Value