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2106.TW$18.10+6.16%
Fair $18.10+0.0%

2106.TW

Kenda Rubber Industrial Co. Ltd.

Consumer Cyclical / Auto PartsTaiwan

$18.10

+1.05 (+6.16%)

Fairly Valued+0.0%Fair Value $18.10Fund rank 28/100 · Data gapFallback financials|
SA 35/D
F-Score: 4/9
Declining RevenueLow Profitability

FCF base 3Y

n/d

n/d CAGR · yield n/d

FCF base 5Y

n/d

n/d base · n/d expected

Precio de entrada

n/d

MOS 34% · confianza 18%

FCF escenarios

weak_data · normalized FCF $1.1B · quality 45.3/100

Data gap 28/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 27/100Data QA 20/100

Ranking barato/determinista: CAGR esperado 5Y + downside bear + calidad del modelo + balance + capital allocation + data gate. No entra en buy-candidate si la data es débil o el CAGR 5Y no compensa.

Quality + valuation scorecard

SA Score

35/100

D

Piotroski

4/9

balance/quality

Valuation

50/100

+0.0% upside

5Y CAGR

+0.0%

50/100

Data QA

16/100

SEC 0%

Latest source: unknownPeriods: 4Warnings: 2unknown: 4
No SEC-backed annual rows; valuation uses fallback financial data. Insufficient audited annual history (<3 SEC-backed years); composite fair value and forward targets are disabled until manually verified. Revenue has declined for 3 consecutive years ROE is 0.6%, below the 5% threshold
Thesis & Journal · 2106.TWLocal privado en este navegador · Kenda Rubber Industrial Co. Ltd.
Plantilla tipo buy-side: tesis, bull/base/bear, catalizadores, riesgos, kill criteria y fecha de revisión. Esto no gasta GPT-5.5; luego lo usamos como contexto del memo.

Sin guardar todavía.

Market Cap

$17.3B

P/E

139.2x

↑

EV/EBITDA

10.3x

↑

ROE

0.6%

↓

Gross Margin

19.2%

↓

Debt/Equity

1.01

↑
52-Week Range$18
$16$25

TradingView lightweight chart

2106.TW price, volumen y niveles de valoración

Último $18.10Periodo +240.8%
Fair value: $18.10

Price & Ratios

Absolute Values (Left Axis)

Ratios / Percentages (Right Axis)

Financial statement dashboard

Crecimiento, márgenes y provenance

2022–2025 · 3 años de histórico normalizado

Revenue CAGR

-4.2%

FCF CAGR

—

FCF margin

3.2%

FCF / Net income

8.77x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $33.96B · net income $125.4M · FCF $1.10B

2022-FY → 2025-FY

Gross margin

19.2%+4.5% pts

Operating margin

1.7%+1.1% pts

Net margin

0.4%-0.5% pts

FCF margin

3.2%+4.8% pts
MetricTTM
2025
2024
2023
2022
Income Statement
Revenue$33.96B$33.96B$34.20B$34.44B$38.62B
Net Income$125.4M$125.4M$1.24B$881.0M$338.2M
EBITDA$2.70B$2.70B$3.87B$3.68B$2.93B
EPS——1.300.920.35
Gross Margin19.2%19.2%22.0%19.4%14.7%
Operating Margin1.7%1.7%4.3%3.7%0.6%
Net Margin0.4%0.4%3.6%2.6%0.9%
Balance Sheet
Debt/Equity1.011.010.910.921.09
Current Ratio2.622.62———
Cash Flow
Free Cash Flow$1.10B$1.10B$433.2M$4.67B$-600.3M
Returns
ROE0.6%0.6%5.9%4.5%1.7%
Valuation
P/E139.23139.2320.3133.8683.67
EV/EBITDA10.2610.269.4010.9314.36
P/B0.880.881.201.521.44
Growth & Yield
Revenue Growth-0.7%-0.7%-0.7%-10.8%—
EPS Growth——41.3%162.9%—
Dividend Yield6.5%6.5%———

Revenue, Net Income & Free Cash Flow ($B)

Margins (%)

Returns (%)

Leverage & Liquidity

Reverse DCF · market-implied EPS growthterminal P/E 15.0x · COE 10.0%
Reverse DCF requires positive EPS; loss-making or zero-EPS companies cannot produce a clean EPS hurdle.

Qué te dice: cuánto EPS CAGR está descontando el precio si sales al múltiplo terminal indicado. Si el growth observado queda por debajo, el mercado está pidiendo una ejecución muy fina.

Return attribution · 1Y approxreconcilia total -18.1%

Total return

-18.1%

Start / end P/E

n/dx → n/dx

EPS bridge

1.30 → n/d

Residual

-24.6%

EPS growthn/d
Multiple reratingn/d
Dividend+6.5%
Residual / FX / buybacks / cross-term-24.6%

EPS/multiple decomposition requires positive EPS at both endpoints; residual absorbs price move not explained by dividends.

Simple additive decomposition: total return = EPS growth contribution + P/E multiple contribution + dividend contribution + explicit residual. The residual captures cross-terms, buybacks/share-count effects, FX, special dividends, data noise and methodology mismatch so the bridge always reconciles.