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TSRC Corporation, together with its subsidiaries, engages in the manufacture, import, and sale of various synthetic rubber and related products in Taiwan, rest of Asia, North America, and Europe. The company offers ESBR rubber for use in automotive tires, shoe soles, conveyor belts, military caterpillar and tow trucks tracks, sports equipment, and toys; SSBR rubber for use in energy-saving, high performance, and all-season tires; BR rubber that is used in the production of plastic modification for HIPS and high-speed radial tires; and NBR rubber for use in oil hoses and seals, rollers, industrial gaskets, belts, shoe soles, rubber plastic foam sheets, and conveyor belts. It also provides styrene-butadiene-styrene, styrene-isoprene-styrene, and styrene-ethylene/butylene-styrene copolymers, as well as T-BLEND applied materials for use in advance shoe material, foam material, soft touch and gel, and overmolding materials. The company was formerly known as Taiwan Synthetic Rubber Corporation and changed its name to TSRC Corporation in August 1999. TSRC Corporation was incorporated in 1973 and is headquartered in Kaohsiung, Taiwan.
2103
台橡
3.82%
(0.04)
The most recent financial report for 台橡 (2103) covers the period of 2025Q3 and was published on 2025/09/30. This report is prepared according to IFRS/US GAAP standards and includes key financial indicators—Revenue, Profitability, Cash Flow, and Capital Structure. This information is essential for investors evaluating 2103's short-term business performance and financial health. For the latest updates on 2103's earnings releases, visit this page regularly.
According to historical valuation range analysis, 台橡 (2103)'s current price-to-earnings (P/E) ratio is 13.39, placing it in the Overvalued zone on the P/E River chart. This level indicates that the market's expectations for future earnings are already reflected in the share price, with the valuation currently leaning optimistic. Investors are advised to further examine the company's fundamentals and its position in the industry cycle to validate whether the valuation is justified.
According to the latest financial report, 台橡 (2103) reported an Operating Profit of 130.99M with an Operating Margin of 1.52% this period, representing a decline of 58.5% compared to the same period last year. Operating Profit reflects the company's core business efficiency and cost control, making it a key indicator for evaluating operational strength and profitability.
In the latest financial report, 台橡 (2103) announced revenue of 8.61B, with a Year-Over-Year growth rate of -13.33%. Revenue growth can be driven by product mix changes, market share expansion, price adjustments, or international market penetration. Investors should also monitor gross margin and regional revenue distribution for a comprehensive view of growth quality and sustainability.
At the end of the period, 台橡 (2103) held Total Cash and Cash Equivalents of 5.67B, accounting for 0.14 of total assets. Both current and quick ratios indicate robust short-term debt repayment ability. High cash reserves typically mean the company has strong liquidity, supporting operational needs, expansion investments, or shareholder returns.
In the latest report, 台橡 (2103) did not achieve the “three margins increasing” benchmark, with a gross margin of 9.1%%, operating margin of 1.52%%, and net margin of -0.52%%. This demonstrates limited improvement in profitability, which is a key signal for fundamental analysis. Investors should consider margin trends alongside other financial indicators to assess 2103's profit trajectory and future growth potential.
According to the past four quarterly reports, 台橡 (2103)'s earnings per share (EPS) shows a declining trend, with the latest EPS at -0.1. If EPS continues to rise due to revenue growth and cost optimization, it can support P/E valuation recovery and attract long-term investors.
台橡 (2103)'s Free Cash Flow (FCF) for the period is -523.45M, calculated as Operating Cash Flow minus Capital Expenditures, representing a fall of 261.13% compared with the previous period. Positive FCF growth provides stable funding for dividends, debt repayment, or strategic acquisitions, and is an important measure of true profitability and shareholder return potential.