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  2. •

    Consumer durables

  3. •

    Automotive aftermarket
Nankang Rubber Tire Corp., Ltd.

Nankang Rubber Tire Corp., Ltd.

TTWSE:2101
29.30
TWD
-0.25
(-0.85%)
5.31EPS
5.77P/E
22.64BMarket Cap
Nov 18Next Earn
Nankang Rubber Tire Corp., Ltd.
TWSE:2101
(Taiwan Stock Exchange)

Recent

price

29.30

P/E

ratio

5.77

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
TWD
17.96
22.7
18.42
17.91
16.84
14.81
14.25
16.04
14.79
15.74
13.73
11.01
10.1
10.65
18.26
10.56
22.33
Revenue per Share
0.85
1.9
0.35
0.63
0.46
1.1
1.42
0.9
0.26
1.61
1.2
-0.33
-1.39
0.18
3.53
1.01
5.44
Basic EPS, GAAP
0.03
-2.22
0.8
3.62
1.71
-1.26
-0.04
-0.36
0.4
4.67
0.87
-5.05
-4.46
-4.42
-1.29
1.74
10.43
Free Cash Flow per Basic Share
- -
0.45
0.49
- -
1.2
- -
0.23
1.3
0.8
0.8
1.25
0.66
- -
- -
- -
0.52
- -
Dividend per Share
13.31
14.28
14.36
15.64
15.43
16.24
16.14
15.43
14.69
15.17
15.28
15.33
14.05
14.11
18.48
17.4
20.86
Book Value per Share
12.97
14.27
14.36
15.64
15.42
16.24
16.14
15.43
14.69
15.16
15.28
15.32
14.05
14.11
18.48
17.39
20.85
Tangible Book Value per Share
758
750
733
734
734
734
724
706
706
706
706
734
734
737
834
798
760
Basic Weighted Avg Shares
13,606
17,013
13,508
13,142
12,357
10,870
10,319
11,326
10,445
11,112
9,695
8,078
7,412
7,852
15,224
8,432
16,963
Sales/Revenue/Turnover
7.15
10.55
3.51
5.04
5.41
8.78
10.29
8.1
4.1
6.44
10.62
-10.54
-5.48
5.63
23.04
6.87
26.32
Operating Margin (%)
978
988
1,134
1,156
1,128
1,015
933
900
884
875
788
770
749
730
696
643
635
Depreciation Expense
641
1,424
256
459
335
810
1,026
633
183
1,136
844
-243
-1,024
134
2,948
810
4,134
Net Income, GAAP
31.44
21.5
28.96
24.65
39.18
27.2
33.9
23.31
46.12
14.94
24.68
- -
- -
32.47
12.24
22.6
7.68
Effective Tax Rate (%)
4.71
8.37
1.9
3.5
2.71
7.46
9.94
5.59
1.76
10.22
8.71
-3.01
-13.81
1.71
19.36
9.6
24.37
Profit Margin (%)
1,006
2,220
1,949
3,185
3,183
4,674
3,726
3,408
5,151
2,161
7,146
5,603
7,877
11,103
15,359
15,556
437
Working Capital
1,934
100
100
100
- -
736
573
699
2,759
504
5,204
7,345
9,608
11,989
12,588
13,866
160
LT Debt
10,408
11,179
10,528
11,477
11,321
11,917
11,482
10,895
10,374
10,709
10,787
11,249
10,311
10,358
13,565
12,666
15,036
Total Equity
4.32
7.87
1.74
2.86
2.35
3.61
3.44
3.41
1.1
3.05
3.57
- -
- -
1.02
9.48
1.28
12.55
Return on Invested Capital (%)
4.71
8.65
2.11
3.18
2.39
4.65
5.36
3.51
1.2
6.3
4.27
- -
- -
0.87
9.55
2.84
13.77
Return on Capital (%)
6.12
13.19
2.36
4.17
2.94
6.98
8.77
5.66
1.72
10.77
7.86
-2.21
-9.49
1.3
24.64
6.17
30.43
Return on Common Equity (%)

Capital Structure

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
9,090
20,153
16,180
LT Borrowings
13,855
38
150
LT Finance Leases
11
11
10
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
728
723
721
Market Capitalization
27,123
25,452
22,635

Working Capital

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
42,473
40,355
30,253
Cash, Cash Equivalents & STI
5,284
4,945
2,977
Accounts Receivable, Net
1,003
1,331
1,316
Inventories
32,988
31,123
24,047
Total Current Liabilities
26,917
37,879
29,817
Payables & Accruals
- -
- -
- -
ST Debt
9,090
20,153
16,180
Deferred Revenue
- -
- -
- -

Growth Rates

TWD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
1.12%
4.15%
-6.63%
Free Cash Flow
35.94%
-202.65%
-228.79%
Net Income, GAAP
251.69%
421.22%
-72.53%
Sales/Revenue/Turnover
2.08%
6.06%
-44.61%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,974
2,395
8,778
2,077
15,224
2025
2,069
2,450
2,176
1,737
8,432
2026
5,424
7,626
- -
- -
- -

Quarterly Earnings Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.01
0.74
3.12
-0.28
3.53
2025
-0.11
-0.4
0.09
1.53
1.01
2026
1.86
2.21
- -
- -
- -

Quarterly Dividends Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
0.52
2026
- -
- -
- -
- -
- -
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Business
Nankang Rubber Tire Corp., Ltd. (2101.TW) manufactures and sells tires and rubber products under the Nankang brand. The company produces passenger car tires including electric vehicle, all-season, performance, and semi-slick variants; SUV and 4x4 tires such as the NEX-1, AT-PRO, and AS-3 series; light truck tires; winter and snow tires; motorcycle tires encompassing heavy-duty and standard models; and bus and trailer tires. It operates manufacturing facilities in Taiwan, including the Hsin-Fung plant, and in China at the Zhangjiagang facility, serving markets in Taiwan, the Americas, Europe, mainland China, Asia, the Middle East, and other regions worldwide. Founded in 1959 and headquartered in Taipei, Taiwan, the company also engages in real estate development through subsidiaries, including the "Pearl of the World" project with commercial, office, and residential sales contributing significantly to recent revenue. In 2024, Nankang introduced AI automation for productivity gains, launched new high-value products like the European PCR all-season AW-9 and RT+ series, exceeded tire sales targets with 3,682,000 units versus a 3,500,000 budget, executed a share repurchase program for up to 11 million shares to transfer to employees, and recorded strong consolidated net profit growth amid real estate completions.