What is Hwa Fong Rubber Industrial Co., Ltd.'s (2109.TW) StockRank?

MoatMap's StockRank for Hwa Fong Rubber Industrial Co., Ltd. (2109.TW) is 62/100, with a Hold signal. This is a composite score combining Quality (52), Value (58), and Momentum (42) factor ranks across MoatMap's 20,000+ stock universe.

Does Hwa Fong Rubber Industrial Co., Ltd. have an economic moat?

Hwa Fong Rubber Industrial Co., Ltd. (2109.TW) has a Quality factor score of 52/100. The Quality factor combines ROIC, Piotroski F-Score, and leverage — the financial fingerprints of a durable competitive advantage. A Quality score above 70 typically indicates a company with the financial characteristics of a moated business.

Is Hwa Fong Rubber Industrial Co., Ltd. a buy, hold, or sell?

MoatMap's current signal for Hwa Fong Rubber Industrial Co., Ltd. (2109.TW) is Hold, based on a StockRank of 62/100. Signals are derived mechanically from the StockRank composite and should be one input among many — combine with your own thesis on management, competitive position, and valuation.

What sector is Hwa Fong Rubber Industrial Co., Ltd. in?

Hwa Fong Rubber Industrial Co., Ltd. (2109.TW) operates in the Consumer Cyclical sector, specifically the Auto Parts industry (Taiwan).

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2109.TW

HOLDREMOVE

Hwa Fong Rubber Industrial Co., Ltd. · Consumer Cyclical · Taiwan · $128M · Avg Vol: $90K/d

StockRank

P/E (TTM)

12.5x

ROE

8.2%

D/E

0.5x

Dividend %

6.9%

Director Trades · 180d

None in 180d →

Buybacks · 180d

None in 180d →

AI CONVICTION THESIS

Tire manufacturer with low pricing power that is highly vulnerable to rising raw material costs (rubber, oil-derived synthetics) during a commodity supercycle.

COMPANY DESCRIPTION

Hwa Fong Rubber Industrial Co., Ltd. manufactures rubber tires for bicycles, motorcycles, agricultural vehicles, and light trucks under the 'Duro' brand. The company's competitive moat is established through its global distribution network and strong brand recognition in the specialty tire aftermarket. It operates as a leading niche tire manufacturer with production bases in Taiwan, China, and Thailand.

FINANCIAL SUMMARY (USD)

Year	2021	2022	2023	2024	CAGR
Revenue	175.1M	171.1M	147.7M	156.1M	-3.7%
EPS	0.04	0.03	0.05	0.05	7.4%
Shares	279.3M	279.3M	279.3M	279.3M	+0.0%
Debt	76.7M	69.1M	51.9M	55.0M	-10.5%
Equity	96.2M	101.5M	109.0M	110.3M	4.7%
Op CF	12.7M	28.1M	16.8M	15.9M	7.8%
Inv CF	-12.9M	58,169	35.2M	-2.2M	—
Fin CF	0.5M	-21.0M	-27.7M	-14.0M	—

PRICE (1Y)+2.8%

SMA 50SMA 200

$0.46

RSI (14)

55.3

52W High

$0.53

From 52W High

0.9%

SCORE BREAKDOWN

Quality

ROIC

11.8%68.1

ROE

8.2%51.0

GP/Assets

11.5%20.0

Op. Margin

11.0%70.6

FCF/Assets

-8.3%6.6

Piotroski

996.8

Int. Cover

21.7x65.0

D/E Ratio

0.47x50.7

Current Ratio

1.68x56.2

Value

P/E (TTM)

12.5x69.2

EV/EBITDA

8.9x56.3

P/FCF

—N/A

P/B

1.2x61.5

P/S

0.9x48.8

Div Yield

6.9%93.0

Momentum

52W High %

86%71.4

RS 6M

-68%12.4

SMA 50/200

0.97x49.8

EPS Rev 4W

—N/A

EPS Rev 12W

—N/A

EPS Improve

—N/A

Q Growth

9%52.0

FUNDAMENTALS

Market Cap

$128M

P/E (Forward)

—

Gross Margin

21.9%

SECTOR PEERS

Closest peers in Consumer Cyclical, ranked by industry match, size, and score similarity. Cross-listings of 2109.TW are excluded.

Ticker	Company	Mkt Cap	StockRank	Signal
2109.TW	Hwa Fong Rubber Industrial Co., Ltd.(you)	$128M	62	HOLD
1339.TW	Y.C.C. Parts Mfg. Co., Ltd.	$102M	58	HOLD
1568.TW	Tsang Yow Industrial Co.,Ltd.	$141M	77	BUY
6722.TW	Whetron Electronics Co.,Ltd.	$104M	48	HOLD
9951.TWO	Macauto Industrial Co., Ltd.	$122M	80	STRONG BUY
2249.TWO	Young Shine Electric Co., Ltd.	$91M	77	BUY
2248.TW	Shining Victory Motor Electronic Co., Ltd.	$84M	76	BUY
2115.TW	Luhai Holding Corp.	$68M	53	HOLD
2497.TW	E-Lead Electronic Co., Ltd.	$246M	72	BUY
5306.TW	KMC (Kuei Meng) International Inc.	$346M	67	BUY

Peer medians: ROE 7.3% · P/E 17.1x · Gross margin 23.0%

Hwa Fong Rubber Industrial Co., Ltd. (2109.TW) — Stock Score Summary

Hwa Fong Rubber Industrial Co., Ltd. (2109.TW) has a MoatMap StockRank of 62/100 based on Quality (52/100), Value (58/100), and Momentum (42/100) factor scores. The current signal is HOLD. Tire manufacturer with low pricing power that is highly vulnerable to rising raw material costs (rubber, oil-derived synthetics) during a commodity supercycle.

Key Financial Metrics

Price	$0.46
Market Cap	$128M
P/E (TTM)	12.54
Price/Book	1.17
Return on Equity	8.2%
Return on Invested Capital	11.8%
Debt/Equity	47.01
Gross Margin	21.9%
Operating Margin	11.0%
Revenue Growth	-10.8%
Dividend Yield	6.9%
Free Cash Flow	$-689K

Hwa Fong Rubber Industrial Co., Ltd. operates in the Auto Parts industry, part of the Consumer Cyclical sector (Taiwan).

Frequently Asked Questions

What is Hwa Fong Rubber Industrial Co., Ltd.’s (2109.TW) StockRank?: MoatMap’s StockRank for Hwa Fong Rubber Industrial Co., Ltd. (2109.TW) is 62/100, with a Hold signal. It is a composite of Quality (52), Value (58), and Momentum (42) factor ranks across MoatMap’s 20,000+ stock universe.
Does Hwa Fong Rubber Industrial Co., Ltd. have an economic moat?: Hwa Fong Rubber Industrial Co., Ltd. (2109.TW) has a Quality factor score of 52/100. The Quality factor combines ROIC, Piotroski F-Score, and leverage — the financial fingerprints of a durable competitive advantage. A Quality score above 70 typically indicates a company with the characteristics of a moated business.
Is Hwa Fong Rubber Industrial Co., Ltd. a buy, hold, or sell?: MoatMap’s current signal for Hwa Fong Rubber Industrial Co., Ltd. (2109.TW) is Hold, based on a StockRank of 62/100. Signals are derived mechanically from the StockRank composite and should be one input among many — combine with your own thesis on management, competitive position, and valuation.
What sector is Hwa Fong Rubber Industrial Co., Ltd. in?: Hwa Fong Rubber Industrial Co., Ltd. (2109.TW) operates in the Consumer Cyclical sector, specifically the Auto Parts industry (Taiwan).