Last 15,600 KRW
Change Today +50.00 / 0.32%
Volume 550.2K
002350 On Other Exchanges
Symbol
Exchange
Korea SE
Korea SE
OTC US
As of 1:29 AM 01/30/15 All times are local (Market data is delayed by at least 15 minutes).

nexen tire corp (002350) Snapshot

Open
15,550
Previous Close
15,550
Day High
15,700
Day Low
15,350
52 Week High
07/23/14 - 17,650
52 Week Low
04/25/14 - 12,500
Market Cap
1.5T
Average Volume 10 Days
618.5K
EPS TTM
1,178
Shares Outstanding
96.4M
EX-Date
12/29/14
P/E TM
13.2x
Dividend
75.00
Dividend Yield
0.48%
Current Stock Chart for NEXEN TIRE CORP (002350)

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nexen tire corp (002350) Details

Nexen Tire Corporation manufactures and sells tires in South Korea and internationally. Its product portfolio consists of passenger car tires, SUV tires, light truck tires, winter tires, and OE tires. The company markets its products through a network of dealers. Nexen Tire Corporation was founded in 1942 and is based in Yangsan, South Korea.

Founded in 1942

nexen tire corp (002350) Top Compensated Officers

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Executives, Board Directors

nexen tire corp (002350) Key Developments

Nexen Tire Corp. Reports Earnings Results for the Fourth Quarter and Full Year 2014

Nexen Tire Corp. reported earnings results for the fourth quarter and full year 2014. The company posted a 4.7% year-on-year gain in net profits for the full year 2014. Total net profits in the year stood at KRW 129.8 billion. Operating profits also rose, by 18% year-on-year to KRW 208.6 billion, despite sales revenues gaining just 1.8% year-on-year to KRW 1.76 trillion. During the fourth quarter, the company posted operating profits of KRW 56.4 billion, up 51.6% year-on-year, while sales revenues gained 7.7% year-on-year during the period to KRW 437 billion. The company revealed that its sales in South Korea benefited from marketing activities and an improved product mix, although its sales in the North American market grew only modestly because of competition from Chinese tyre-makers.

Nexen Tire Corp. Proposes Some Changes to the Articles of Incorporation

Nexen Tire Corp. at its annual meeting to be held on February 17, 2015, will approve the some changes to the articles of incorporation.

Nexen Tire to Supply CP 671 Tire for Fiat's 500X Crossover Model

Nexen Tire Corporation has signed a contract with Fiat, a part of Fiat-Chrysler Automobiles, to supply the CP 671 tire for Fiat's 500X crossover model. 500X model is entering production this February. As the first crossover utility vehicle (CUV) released by Fiat, the 500X is characterized by its larger exterior and the advantages it has over the existing 500 series in design and practicality. Nexen Tire will supply 17" CP671 tire for the 500X vehicles for the North American market, which will be assembled at the Melfi Plant in Italy. The CP671 tire has been supplied to Chrysler's 200 and All New 200 models, where it has been highly praised for its performance and quality. It features mileage performance particularly well-suited to long-distance driving and an upgraded noise reduction technology. The tire also provides high performance in the wide variety of areas required by a newly designed vehicle model. Meanwhile, Nexen Tire has supplied tire for the 500L model since 2013. The company plans to increase the range of models it supplies with tires by leveraging the OE tire supply for the 500X model and hopes to continue its relationship with FCA in the future.

 

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002350

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Valuation 002350 Industry Range
Price/Earnings 12.7x
Price/Sales 0.8x
Price/Book 1.6x
Price/Cash Flow 11.0x
TEV/Sales 0.0x
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