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← CockpitCompetitor Analysis › 1232.TW TTET Union CorporationOpen in the cockpit ↗

TTET Union Corporation1232.TWCompetitor analysis, valuation and peers

Taiwan · TWD·Consumer Staples›Agricultural Commodities/Milling
Momentum leader 86
Mkt cap
$777M
US dollars, full cap
Free float
38%
of shares outstanding
$/day
$1.03M
20-day average traded
Fwd P/E
n/m
no positive forecast
ROIC−WACC
+23.1 pp
WACC 5.0%
Hurdle
-11 pp
Req g minus delivered
Close · TWDNT$160.50
1D-1.2%
1W+1.9%
1M+4.6%
3M+5.9%
6M+8.4%
YTD+11.1%
1Y+10.7%
ATR %1.9%
52w lowhigh9.8% off high

What TTET Union does

No business profile yet.

TTET Union at a glance

Size TTET Union (1232.TW) is a Taiwan Consumer Staples company (Agricultural Commodities/Milling) with a market value of $777M, the 323rd largest of 687 Taiwan companies the cockpit tracks. Shares closed at NT$160.50 on 6 Nov 2026.

Performance Over six months the shares gained 8.4%, against -11.8% for the median peer and -3.4% for the Taiwan market (cap-weighted) — 3rd highest of 20 in its peer set.

Growth Revenue grew 13.5% over the last twelve months (peer median +11.2%); the operating margin is 8.7% (peer median 3.6%).

Valuation It trades at 1.1× enterprise value to sales against a peer median of 1.4× (9th cheapest of 21).

Price implies For today's price to make sense, revenue must grow about -7% a year for seven years (Req g). Recent delivered growth is +4%, so the hurdle is -11 pp: the price already allows for a slowdown.

Capital Return on invested capital runs 23.1 points above its cost of capital (5.0% WACC).

Relative performance

809010011011 May 202611 Aug 20266 Nov 20261232.TW 108Peer median 87
Six months, rebased to 100: TTET Union against the median of its 20 peers (local-currency closes).

TTET Union financials

Reported figures in TWD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueNT$24.4BNT$21.5BNT$22.1BNT$23.6BNT$24.7B
Revenue growth—-3%-6%-5%—
Gross profitNT$3.52BNT$2.72BNT$2.59BNT$2.41BNT$2.31B
EBITDAn/aNT$1.98BNT$1.92BNT$1.76BNT$1.69B
Net incomeNT$1.69BNT$1.32BNT$1.32BNT$1.20BNT$1.23B
Free cash flown/aNT$1.63BNT$1.82BNT$1.74BNT$180M
Capital expendituren/aNT$438MNT$267MNT$237MNT$146M
Total debtn/aNT$1.50BNT$1.51BNT$1.06BNT$407M

Quarterly statements and history in the cockpit →

TTET Union competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-40%-20%0%+20%-20%-10%0%+10%002567AEP2004002746CRESYGOKULAGRORIC2109603336000735CBO0021243000870013136005061215300189ELD0012011232.TW6-month return →1-month return →
Up and to the right = strong over both horizons. TTET Union is the large dot.

Fundamentals: revenue growth against valuation

0%+20%+40%2×4×6×002567AEP2004002746CRESYGOKULAGRORIC2109603336000735CBO00212467153000870013136005061215300189ELD0012011232.TWRevenue growth (TTM) →EV / Sales →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. TTET Union is the large dot.

Capital: growth delivered against growth the price implies

0%+25%+50%+75%0%50%002567AEP2004GOKULAGRORIC21096033360021246715300087001313600506ELD1232.TWGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. TTET Union is the large dot.

TTET Union competitors and peer comparison

How TTET Union compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

TTET Union against its 20 peers (data as of 6 Nov 2026)
Measure1232.TWPeer medianRank in peer set
1-month return+4.6%-2.0%6th highest of 21
6-month return+8.4%-11.8%3rd highest of 20
Distance from 52-week high-9.8%-35.6%4th highest of 21
Revenue growth (TTM)+13.5%+11.2%8th highest of 21
Operating margin8.7%3.6%5th highest of 21
EV / Sales1.1×1.4×9th cheapest of 21
Growth the price implies (Req g, 7 yrs)-6.7%3.5%4th least demanding of 15
Growth delivered (Del g)+4.3%+9.7%4th lowest of 15
Hurdle (Req g minus delivered)-11.0 pp-5.2 pp7th least demanding of 15
ROIC minus cost of capital+23.1 pp-2.1 pp2nd highest of 21

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginEV / SalesReq gDelivered g
TTET Union 1232.TWTaiwan$777M+8%+13%9%1.1×-6.7%+4.3%
Tangrenshen 002567.SZChina$783M-12%-14%-9%0.5×34.7%+5.5%
AEP Plantations AEP.LUnited Kingdom$757M-26%+7%21%1.4×-13.7%+11.4%
Showa Sangyo 2004.TJapan$820M+30%+3%3%0.5×1.3%+5.6%
Shandong Xiantan 002746.SZChina$838M+1%+12%5%0.6×n/an/a
Cresud SA Sponsored ADR CRESYUnited States$709M-18%+11%16%3.0×n/an/a
Gokul Agro Resources GOKULAGRO.NSIndia$702M-5%+21%3%0.3×2.7%+23.5%
Ridley RIC.AXAustralia$696M+1%+120%4%0.5×4.4%+25.3%
Mitsui DM Sugar 2109.TJapan$696M+6%-2%7%0.7×-6.8%+10.6%
Great-Sun Foods 603336.SSChina$694M-35%-8%6%5.6×28.4%+1.8%
Luoniushan 000735.SZChina$876M-23%+48%-2%2.0×n/an/a
Cobram Estate Olives CBO.AXAustralia$896M-29%+11%-5%6.7×n/an/a
Tech-bank Food 002124.SZChina$666M-23%-20%-42%1.3×0.3%-4.2%
Hangzhou Qiandaohu Xunlong Sci-tech 6715.HKHong Kong$663Mn/a+20%46%4.4×-11.4%+13.5%
Winall Hi-Tech Seed 300087.SZChina$663M-39%-14%-3%1.5×41.9%+23.0%
Guangdong Yuehai Feeds 001313.SZChina$662M-24%+24%2%0.8×10.5%+2.1%
Tongyi Carbon Neutral Technology (Xinjiang) 600506.SSChina$653M0%+24%2%1.7×21.8%+82.4%
Charoen Pokphand Enterprise (Taiwan) 1215.TWTaiwan$927M-26%+4%10%1.6×-1.2%+5.1%
Hainan Shennong Seed Industry Technology 300189.SZChina$946M-11%+17%4%29.2×n/an/a
Elders ELD.AXAustralia$955M-12%+11%4%0.6×5.6%+8.9%
Dongrui Food 001201.SZChina$629M+23%+2%-30%3.1×n/an/a

Questions

Which companies are TTET Union's closest peers?
The cockpit's peer set: Tangrenshen (002567.SZ), AEP Plantations (AEP.L), Showa Sangyo (2004.T), Shandong Xiantan (002746.SZ), Cresud SA Sponsored ADR (CRESY), Gokul Agro Resources (GOKULAGRO.NS), Ridley (RIC.AX), Mitsui DM Sugar (2109.T).
Is TTET Union expensive compared with its peers?
On ev / sales it trades at 1.1× against a peer median of 1.4×, 9th cheapest of 21 in its peer set. For today's price to make sense, revenue must grow about -7% a year for seven years (Req g). Recent delivered growth is +4%, so the hurdle is -11 pp: the price already allows for a slowdown.
How has TTET Union stock performed?
Over six months to 6 Nov 2026 the shares returned +8.4% against -11.8% for the median peer; over one year +10.7%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.