Hwa Fong Rubber Ind. Co., Ltd. stock analysis
Hwa Fong Rubber Ind. Co., Ltd. (2109) Stock Price & Analysis
2109 Stock Chart & Stats
- Day’s Range
- TWD 13.50 - TWD 14.00
- 52-Week Range
- TWD 13.50 - TWD 15.85
- Previous Close
- TWD 14.10
- Volume
- N/A
- Average Volume (3M)
- 147.58K
- Market Cap
- TWD 3.90B
- Enterprise Value
- TWD 5.76B
- Total Cash (Recent Filing)
- TWD 2.30B
- Total Debt (Recent Filing)
- TWD 2.54B
- Price to Earnings (P/E)
- 10.1
- Beta
- 0.17
- Next Earnings
- Nov 18, 2026 (Est.)
- EPS Estimate
- 0.39
- Last Dividend Ex-Date
- Sep 29, 2026
- Dividend Yield
- 7.17%
Bulls Say, Bears Say
Bulls Say
Improving Cash Generation
Improving operating cash flow and a 13.7% increase in free cash flow indicate stronger cash conversion and spending discipline. Free cash flow equal to 73% of net income supports earnings quality and provides internally generated funds for operations, investment, and shareholder returns.
Continued Profitability
Despite weaker year-over-year results, the company continues to generate positive earnings with a mid-to-high single-digit net margin. This existing profitability provides a foundation for resilience and suggests the business retains economic value even while revenue and operating leverage are under pressure.
Stable Equity Base
A relatively stable equity base gives the company a more durable funding foundation and helps absorb operating volatility. It also supports continued business investment and reduces reliance on immediate balance-sheet expansion, even though returns on that equity have recently softened.
Bears Say
Revenue Contraction
The recent revenue decline and uneven prior growth point to persistent demand, pricing, or end-market volatility rather than a consistently expanding top line. Continued contraction would limit operating leverage, constrain reinvestment capacity, and make sustained earnings growth more difficult.
Margin And Return Compression
Lower gross and net margins, together with declining ROE, show that the company is converting revenue and shareholder capital into profit less efficiently than before. If the compression persists, weaker operating leverage could reduce earnings resilience and limit the benefits of any future revenue recovery.
Higher Leverage And Modest Debt Coverage
Rising leverage reduces financial flexibility while modest operating-cash-flow coverage of total debt leaves less room if earnings weaken further. Higher debt can constrain capital allocation and increase the importance of maintaining cash generation during a prolonged slowdown.
2109 FAQ
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Company Description
Hwa Fong Rubber Ind. Co., Ltd.
Hwa Fong Rubber Industrial Co., Ltd., together with its subsidiaries, manufacture, process, sells, imports, and exports rubber and plastic products in Taiwan, China, the United States, Thailand, and internationally. The company offers tires and tubes for bicycles, trucks, and buses; motorcycles, scooters, and mopeds; all-terrain vehicles; passenger cars, sport utility vehicles, pick-ups, light trucks, and special trailers; forklifts and skid-steers; mobile homes; and wheelchairs, as well as commercial, winter, MX off-road/trail, eco, industrial, logistics, agricultural, lawn and garden, golf carts, karts, snow blower, and powersports applications. Hwa Fong Rubber Industrial Co., Ltd. was founded in 1945 and is headquartered in Changhua, Taiwan.
- Sector
- General
- Industry
- Auto - Parts
- CEO
- Jiaw Chyi Wang
- Employees
- 10,729
- Website
- www.duro.com.tw
- Address
- No. 300, Zhongshan Rd., Changhua, CHQ, 515002, TW
Hwa Fong Rubber Ind. Co., Ltd. (2109) Earnings & Revenues
Technical Analysis
Overall Consensus
| Indicator | Bullish | Neutral | Bearish |
|---|---|---|---|
| Overall Consensus | 4 | 4 | 14 |
| Technical Analysis | 4 | 4 | 2 |
| Moving Averages | 0 | 0 | 12 |

