Company Deep Dive
Business segments breakdown, earnings transcript analysis, management credibility scoring, competitive landscape, and scenario modelling.
2204.TW
HOLDREMOVEChina Motor Corporation · Consumer Cyclical · Taiwan · $964M · Avg Vol: $3M/d
China Motor Corporation manufactures and distributes automobiles in Taiwan. It is a low-growth, cyclical business with high capital requirements and no clear global expansion runway, failing all core investment lenses.
COMPANY DESCRIPTION
China Motor Corporation (CMC) is a leading Taiwanese automotive manufacturer specializing in light commercial vehicles (LCVs) and passenger cars, operating long-standing partnerships with Mitsubishi Motors and SAIC's MG brand. CMC holds a dominant, near-monopoly market share in Taiwan's LCV segment, supported by a highly localized supply chain and extensive dealership network. The company is actively expanding its electric vehicle portfolio, including self-developed electric scooters and electric commercial vans, to capture the green transition.
FINANCIAL SUMMARY (USD)
| Year | 2021 | 2022 | 2023 | 2024 | 2025 | CAGR |
|---|---|---|---|---|---|---|
| Revenue | — | 933.8M | 1.2B | 1.2B | 1.0B | 2.8% |
| EPS | 0.24 | -0.45 | 0.33 | 0.23 | — | -1.5% |
| Shares | — | 553.6M | 553.6M | 553.6M | 553.6M | 0.0% |
| Debt | 2.2M | 98.5M | 127.0M | 199.3M | 227.8M | 220.0% |
| Equity | — | 1.0B | 1.1B | 1.2B | 1.2B | 5.4% |
| Op CF | — | 55.7M | 134.6M | 8.2M | 34.8M | -14.5% |
| Inv CF | — | -66.3M | -162.6M | 8.1M | -8.8M | — |
| Fin CF | — | -105.8M | -67.8M | -14.1M | -65.8M | — |
SCORE BREAKDOWN
FUNDAMENTALS
SECTOR PEERS
Closest peers in Consumer Cyclical, ranked by industry match, size, and score similarity. Cross-listings of 2204.TW are excluded.
| Ticker | Company | Mkt Cap | StockRank | Signal |
|---|---|---|---|---|
| 2204.TW | China Motor Corporation(you) | $964M | 43 | HOLD |
| 2206.TW | Sanyang Motor Co., Ltd. | $1.5B | 37 | HOLD |
| 2201.TW | Yulon Motor Company Ltd. | $927M | 26 | SELL |
| 2227.TW | Yulon Nissan Motor Co., Ltd | $467M | 26 | SELL |
| 2258.TW | FOXTRON VEHICLE TECHS CO LTD | $1.9B | 1 | STRONG SELL |
| 1434.TW | Formosa Taffeta Co., Ltd. | $898M | 45 | HOLD |
| 5903.TWO | Taiwan FamilyMart Co., Ltd. | $1.3B | 40 | HOLD |
| 1419.TW | Shinkong Textile Co., Ltd. | $626M | 42 | HOLD |
| 5340.TWO | Baotek Industrial Materials Ltd. | $610M | 42 | HOLD |
| 8255.TWO | Actron Technology Corporation | $690M | 39 | HOLD |
Peer medians: ROE 7.3% · P/E 17.1x · Gross margin 23.0%