Risk factor
Considerable default risk
Profitability factor
Greatly undervalued vs peers
About
Nexen Tire Corporation operates globally and within South Korea, focusing on the manufacturing, distribution, and leasing of various tire types. Its product offerings include tires for passenger vehicles, SUVs, vans, light trucks, and solid tires, along with related components like tubes and flaps. The company also provides customer-centric services such as a tire finder tool and warranty support. Beyond its primary tire business, Nexen diversifies into other sectors, including logistics (transport and storage), manufacturing (molding), and even consumer goods like confectionery and baked products. Established in 1942, the company's main offices are located in Yangsan-si, South Korea.
Company Valuation
Based on key historical and expected multiples, the stock is greatly undervalued relative to its peers. In particular, the stock is underpriced on P/E, 'cheap' on EV/EBIT
Target Price
The average target price of 002350.KS is 9809 and suggests 43% upside potential. Usually, this means a BUY recommendation among investment firms, or a recommendation to i