TSRC Corp

TSRC Corp

2103 · TW · Basic Materials / Specialty Chemicals

22.75TWD-0.40 (-1.73%)

Price History

Full chart

Market Stats

Previous Close23.15
Open23.20
Day Range22.40 – 23.35
52-Week Range13.43 – 29.45
Volume6.15M
Market Cap23.08B
P/E (TTM)11.27
Forward P/E15.36
EPS2.48
Dividend Yield0.96%
Beta0.42
50-Day Avg26.26
200-Day Avg20.92

About

TSRC Corporation, together with its subsidiaries, engages in the manufacture, import, transport, and sale of various synthetic rubber and related products in Taiwan, Asia, the United States, Europe, and internationally. It operates through two segments: Synthetic Rubber and Non-Synthetic Rubber. The company offers ESBR rubber for use in utomotive tires, shoe soles, conveyor belts, tow trucks tracks, sports equipment, and toys; SSBR rubber for use in low rolling resistance, 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, styrene-ethylene/butylene-styrene copolymers, rTPE recycled thermoplastic elastomers, as well as T-BLEND applied materials for use in advance shoe and foam materials, soft touch and gel products, and overmolding materials. The company was formerly known as Taiwan Synthetic Rubber Corporation and changed its name to TSRC Corporation in August 1999. The company was incorporated in 1973 and is headquartered in Kaohsiung, Taiwan.

Company Details

  • SectorBasic Materials
  • IndustrySpecialty Chemicals
  • CEOMr. Weiqiang Chai
  • Employees0
  • HeadquartersNo.2, Singgong Road, Kaohsiung, Taiwan, 815, Taiwan
  • Websitehttps://www.tsrc.com.tw

Leadership

  • Mr. Weiqiang ChaiCEO & Manager
  • Mr. Edward WangVice President of Finance & Advanced Materials Division
  • Mr. Chi-Wei HsuVP of Operations Division & Global Head of Operations
  • Xing Rong LinAccounting Supervisor
  • Mr. Iting TsaiSenior Assistant Vice President of Legal Department

Financials

Income Statement

Currency: TWD2000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue7.83B7.68B7.82B11.43B15.53B19.81B22.23B24.88B30.99B22.11B36.69B55.08B45.36B34.42B31.87B25.98B26.96B31.77B29.75B28.91B24.02B32.53B33.84B31.43B37.21B36.47B
Growth (%)--1.84%+1.74%+46.25%+35.85%+27.51%+12.21%+11.94%+24.58%-28.66%+65.91%+50.13%-17.63%-24.12%-7.42%-18.47%+3.75%+17.85%-6.34%-2.83%-16.90%+35.42%+4.02%-7.13%+18.40%-1.98%
Cost of Revenue6.57B6.17B6.30B9.23B11.83B15.86B18.33B19.32B25.81B17.29B30.10B42.62B39.33B30.16B27.91B22.61B23.07B28.44B26.26B25.53B21.09B25.73B28.33B28.12B33.09B33.11B
Gross Profit------3.90B5.56B5.18B4.83B6.59B12.45B6.03B4.27B3.96B3.38B3.88B3.33B3.49B3.38B2.94B6.80B5.51B3.31B4.12B3.36B
Gross Margin------17.55%22.35%16.71%21.83%17.95%22.61%13.29%12.40%12.44%12.99%14.40%10.48%11.73%11.68%12.23%20.90%16.29%10.53%11.06%9.21%
Operating Expense------946.68M1.25B1.22B1.12B1.55B2.15B2.19B2.20B2.02B1.98B2.12B2.13B2.18B1.94B2.30B1.05B2.27B2.59B2.73B2.53B
Operating Income-285.90M195.09M821.46M1.98B2.52B2.95B4.31B3.96B3.71B5.03B10.30B3.84B2.06B1.94B1.40B1.76B1.20B1.31B1.44B640.61M5.75B3.24B719.32M1.38B824.47M
Operating Margin-3.72%2.50%7.18%12.77%12.72%13.29%17.31%12.77%16.77%13.71%18.70%8.46%6.00%6.09%5.38%6.55%3.79%4.41%4.99%2.67%17.66%9.58%2.29%3.71%2.26%
EBITDA------3.69B5.38B4.19B4.64B6.08B11.44B5.07B3.39B2.86B1.90B2.92B2.49B2.83B2.40B1.48B6.14B4.23B2.67B2.74B2.00B
EBITDA Margin------16.59%21.63%13.51%20.96%16.58%20.77%11.18%9.84%8.96%7.31%10.83%7.83%9.50%8.29%6.18%18.86%12.49%8.49%7.37%5.49%
Net Income--35.40M580.50M1.16B1.85B2.04B3.26B2.77B2.33B3.28B5.74B2.57B1.50B1.14B529.12M988.35M874.11M1.19B740.32M215.26M3.93B1.78B680.02M862.26M448.45M
Net Income Margin--0.45%5.08%7.45%9.32%9.18%13.11%8.93%10.54%8.94%10.43%5.67%4.34%3.58%2.04%3.67%2.75%4.01%2.56%0.90%12.08%5.27%2.16%2.32%1.23%
R&D------110.60M147.83M213.20M124.54M169.15M320.93M352.38M389.15M363.04M328.61M346.70M375.55M387.95M389.84M350.68M371.68M392.12M396.69M427.40M406.32M
R&D as % of Total Revenue------0.50%0.59%0.69%0.56%0.46%0.58%0.78%1.13%1.14%1.26%1.29%1.18%1.30%1.35%1.46%1.14%1.16%1.26%1.15%1.11%
Interest Expense000000126.45M135.45M236.21M165.34M164.41M205.79M228.16M184.83M199.29M156.10M151.56M188.15M169.43M188.55M123.57M110.74M175.47M347.57M399.63M375.95M
Interest Expense % of Total Revenue0.00%0.00%0.00%0.00%0.00%0.00%0.57%0.54%0.76%0.75%0.45%0.37%0.50%0.54%0.63%0.60%0.56%0.59%0.57%0.65%0.51%0.34%0.52%1.11%1.07%1.03%

Balance Sheet

Currency: TWD2000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets13.68B12.87B13.04B13.49B14.52B14.92B16.92B20.75B22.66B22.48B25.08B38.54B35.56B33.37B33.16B29.99B29.77B29.00B30.23B32.51B29.27B32.83B36.57B37.99B43.22B43.26B
Total Liabilities6.25B5.26B5.51B5.23B6.20B4.73B5.18B6.91B8.81B8.33B9.91B17.85B17.44B15.82B15.02B11.92B12.72B12.56B13.35B16.06B13.41B12.71B15.84B17.19B21.43B21.75B
Total Equity7.06B7.24B7.12B7.75B8.31B9.24B10.39B11.72B11.94B12.13B12.96B17.17B15.81B15.58B16.20B16.24B15.34B14.88B15.31B14.88B14.14B18.03B18.53B19.42B20.35B19.96B
Cash995.86M139.36M154.71M314.63M1.45B2.26B2.98B4.30B3.84B2.03B4.10B6.06B5.15B4.99B5.09B3.98B3.51B3.56B4.53B4.70B3.28B4.46B6.33B5.45B6.34B6.69B
Total Debt------2.77B3.38B3.14B5.13B5.52B11.51B12.30B11.46B11.13B8.04B8.47B8.32B9.22B10.90B9.23B7.60B9.76B9.94B12.35B13.33B
Net Debt-------216.24M-915.61M-702.47M3.10B1.42B5.45B7.16B6.46B6.04B4.06B4.96B4.75B4.69B6.20B5.96B3.13B3.48B4.49B6.02B6.64B

Cash Flow

Currency: TWD2000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow7.00M840.43M397.45M1.19B1.72B3.18B1.80B4.83B3.63B2.96B3.42B5.67B5.92B4.20B2.04B4.20B907.97M1.59B1.87B2.60B2.36B2.70B2.24B2.72B748.43M1.99B
Investing Cash Flow-------170.54M-2.15B-2.07B-1.24B855.20M-7.26B-2.46B-856.48M-467.23M-908.23M-582.03M-396.17M-991.85M-2.00B-1.49B674.42M-871.92M-1.39B-1.98B-889.33M
Financing Cash Flow1.76B-35.15M----895.94M-1.47B-582.99M-3.50B-2.03B2.87B-4.25B-3.47B-1.64B-4.63B-387.91M-836.76M-220.94M-72.76M-2.01B-1.97B-262.22M-2.18B1.44B-446.26M
Capital Expenditure938.81M483.31M403.63M285.09M475.50M657.62M517.31M2.51B2.81B132.79M336.13M1.38B1.83B922.79M480.31M836.27M501.23M652.57M1.24B2.45B1.46B860.81M735.70M1.63B3.05B1.40B
Free Cash Flow------1.28B2.31B821.14M2.83B3.08B4.29B4.09B3.28B1.56B3.37B406.74M938.68M635.34M143.78M900.60M1.84B1.50B1.08B-2.30B584.76M
Dividends Paid--208.23M2.27M542.86M1.25B1.46B2.44B3.70B2.16B2.53B2.94B5.28B2.62B1.29B1.40B963.74M861.09M791.24M807.55M529.28M437.59M2.23B1.06B461.64M519.73M
FCF to OCF------71.29%47.91%22.64%95.52%90.16%75.68%69.02%78.03%76.40%80.10%44.80%58.99%33.92%5.53%38.10%68.14%67.11%39.88%-307.78%29.39%
Dividend Paid to FCF------113.51%105.52%450.08%76.25%82.08%68.43%129.22%79.97%82.75%41.52%236.94%91.73%124.54%561.66%58.77%23.77%148.39%97.37%-20.04%88.88%

Earnings

Report DateApr 28, 2005Oct 26, 2005May 1, 2006Aug 24, 2006Apr 25, 2007Aug 22, 2007Mar 19, 2008Oct 22, 2008Feb 25, 2009Apr 23, 2009Sep 9, 2009Oct 21, 2009Mar 3, 2010Apr 21, 2010Sep 8, 2010Oct 15, 2010Jan 15, 2011Apr 28, 2011Aug 25, 2011Nov 30, 2011Mar 15, 2012Jun 12, 2012Jul 15, 2012Oct 23, 2012Mar 14, 2013Jun 11, 2013Aug 8, 2013Nov 7, 2013Mar 15, 2014Jun 10, 2014Aug 7, 2014Nov 7, 2014Mar 16, 2015May 7, 2015Aug 10, 2015Nov 11, 2015Mar 18, 2016May 5, 2016Aug 3, 2016Nov 2, 2016Mar 16, 2017May 12, 2017Aug 4, 2017Nov 13, 2017Mar 19, 2018May 8, 2018Aug 9, 2018Nov 13, 2018Mar 13, 2019May 5, 2019Aug 8, 2019Nov 11, 2019Mar 18, 2020May 8, 2020Aug 7, 2020Nov 3, 2020Mar 11, 2021May 5, 2021Aug 4, 2021Nov 3, 2021Mar 10, 2022May 4, 2022Aug 4, 2022Nov 3, 2022Mar 9, 2023May 5, 2023Jul 30, 2023Nov 2, 2023Mar 8, 2024May 7, 2024Aug 8, 2024Nov 7, 2024Mar 6, 2025
EPS Estimate0.220.540.590.610.580.850.841.13-0.83-0.56-0.41-0.981.111.592.00-1.63-1.231.741.14-0.741.340.37-0.430.420.360.490.400.250.250.260.420.510.290.360.420.200.310.310.430.350.200.310.470.220.280.25-0.050.200.250.590.780.680.500.570.690.730.440.340.630.330.110.150.240.240.10
EPS Actual0.540.770.500.660.731.230.921.110.160.160.910.620.780.780.920.961.311.981.801.801.171.000.430.810.930.700.740.100.270.310.390.310.360.240.420.240.070.270.560.300.070.43-0.110.360.380.290.470.240.440.340.410.020.130.07-0.14-0.280.321.081.211.740.700.790.900.47-0.010.310.050.190.270.320.390.42-0.09
Surprise145.45%42.59%-15.25%8.20%25.86%44.71%9.52%-1.77%--80.72%-10.71%-90.24%--2.04%18.02%24.53%-10.00%--28.22%--65.04%-53.45%-18.42%-0.00%-92.54%-27.03%--9.30%-26.19%0.00%-51.02%5.00%-4.00%-72.00%3.85%33.33%-41.18%-75.86%19.44%-126.19%80.00%22.58%-6.45%9.30%-31.43%120.00%9.68%-12.77%-90.91%-53.57%-72.00%-180.00%-240.00%28.00%83.05%55.13%155.88%40.00%38.60%30.43%-35.62%-102.27%-8.82%-92.06%-42.42%145.45%113.33%62.50%75.00%-190.00%
TimingAfter-hoursPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-market-Pre-market-Pre-market-After-hours-After-hoursAfter-hoursAfter-hoursPre-market-Pre-market-After-hoursAfter-hoursAfter-hours-After-hoursPre-marketAfter-hours-Pre-marketAfter-hoursPre-marketPre-marketPre-marketAfter-hoursPre-marketPre-marketAfter-hoursAfter-hoursAfter-hoursPre-marketPre-marketPre-marketPre-marketAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursPre-marketPre-marketPre-marketAfter-hoursAfter-hoursPre-marketAfter-hoursPre-marketAfter-hoursAfter-hoursAfter-hoursAfter-hoursPre-marketAfter-hoursPre-marketPre-marketAfter-hoursPre-marketAfter-hoursPre-market

Key Statistics & Ratios

Market Cap23.08B
Enterprise Value30.55B
Trailing P/E11.27
Forward P/E15.36
PEG Ratio1.22
Price / Sales0.59
Price / Book1.04
EPS2.48
Book Value26.74
Revenue (TTM)39.18B
Gross Profit (TTM)5.40B
EBITDA4.05B
Profit Margin5.24%
Operating Margin15.25%
Return on Equity10.70%
Return on Assets4.12%
Shares Outstanding825.71M
Shares Float486.36M
Beta0.42
Dividend Yield0.96%
Dividend Rate0.27
Payout Ratio10.87%

Dividends

20261×
0.27Jun 24, 2026
20251×
0.63Jul 1, 2025
20241×
0.56Jul 4, 2024
20231×
1.08Jun 29, 2023
20221×
2.40Jul 19, 2022
20211×
0.36Aug 25, 2021
20201×
0.50Jul 17, 2020
20191×
0.98Aug 30, 2019
20181×
0.96Jul 18, 2018
20171×
1.00Jul 28, 2017
20161×
1.06Aug 25, 2016
20151×
1.52Aug 25, 2015
20141×
1.30Jul 15, 2014
20131×
2.48Jul 16, 2013
20121×
3.94Jul 17, 2012
20111×
2.75Jul 14, 2011
20101×
2.52Jul 28, 2010
20091×
2.20Jul 28, 2009
20081×
3.46Jul 9, 2008
20071×
2.16Jul 11, 2007
20061×
1.39Jul 11, 2006
20051×
1.22Jul 7, 2005
20041×
0.67Jul 13, 2004
20021×
0.26Jul 24, 2002

Stock Splits

  • Jul 15, 20141050:1000
  • Jul 17, 20121.1:1
  • Jul 14, 20111.1:1
  • Jul 11, 2006106.5:100