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Size Hey-Song (1234.TW) is a Taiwan Consumer Staples company (Beverages: Non-Alcoholic) with a market value of $389M, the 534th largest of 687 Taiwan companies the cockpit tracks. Shares closed at NT$32.00 on 6 Nov 2026.
Performance Over six months the shares fell 8.7%, against -2.0% for the median peer and -3.4% for the Taiwan market (cap-weighted) — 7th lowest of 18 in its peer set.
Growth Revenue fell 7.8% over the last twelve months (peer median +2.7%); the operating margin is 4.6% (peer median 6.9%).
Valuation It trades at 1.4× enterprise value to sales against a peer median of 1.6× (8th cheapest of 19).
Price implies For today's price to make sense, revenue must grow about 10% a year for seven years (Req g). Recent delivered growth is +1%, so the hurdle is +10 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 3.2 points below its cost of capital (5.0% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | NT$9.25B | NT$9.51B | NT$10.3B | NT$10.6B | NT$9.56B |
| Revenue growth | — | -7% | -3% | +11% | — |
| Gross profit | NT$2.60B | NT$2.66B | NT$2.94B | NT$2.85B | NT$2.56B |
| EBITDA | NT$747M | NT$733M | NT$1.01B | NT$1.04B | NT$916M |
| Net income | NT$659M | NT$804M | NT$947M | NT$948M | NT$886M |
| Free cash flow | NT$285M | -NT$132M | NT$110M | NT$1.08B | NT$629M |
| Capital expenditure | NT$303M | NT$378M | NT$708M | NT$254M | NT$221M |
| Total debt | NT$1.94B | NT$2.04B | NT$1.63B | NT$773M | NT$1.04B |
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.
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.
| Measure | 1234.TW | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -1.2% | -0.3% | 9th lowest of 19 |
| 6-month return | -8.7% | -2.0% | 7th lowest of 18 |
| Distance from 52-week high | -16.7% | -21.8% | 6th highest of 19 |
| Revenue growth (TTM) | -7.8% | +2.7% | 2nd lowest of 18 |
| Operating margin | 4.6% | 6.9% | 9th lowest of 19 |
| EV / Sales | 1.4× | 1.6× | 8th cheapest of 19 |
| Growth the price implies (Req g, 7 yrs) | 10.4% | -0.9% | 3rd most demanding of 11 |
| Growth delivered (Del g) | +0.7% | +6.3% | 3rd lowest of 11 |
| Hurdle (Req g minus delivered) | +9.7 pp | -10.9 pp | 4th most demanding of 11 |
| ROIC minus cost of capital | -3.2 pp | +0.1 pp | 6th lowest of 19 |
| EV / EBITDA | 17.5× | 9.1× | 4th most expensive of 14 |
| Net debt / EBITDA | 0.3× | 0.7× | 7th least indebted of 14 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Hey-Song 1234.TW | Taiwan | $389M | -9% | -8% | 5% | 1.4× | 10.4% | +0.7% |
| Suja Life SUJA | United States | $382M | n/a | n/a | -6% | 1.9× | n/a | n/a |
| Lifedrink 2585.T | Japan | $410M | -12% | +21% | 10% | 1.6× | n/a | n/a |
| 5100 Xizang Glacier 1115.HK | Hong Kong | $349M | -10% | +67% | 21% | 7.7× | n/a | n/a |
| Hokkaido Coca-Cola Bottling 2573.T | Japan | $339M | -6% | +4% | 4% | 0.8× | 7.6% | +2.8% |
| Premium Water 2588.T | Japan | $483M | +4% | +4% | 16% | 1.5× | -11.0% | +7.4% |
| Zhe Jiang Li Zi Yuan Food 605337.SS | China | $526M | -17% | -4% | 12% | 3.0× | n/a | n/a |
| Nichols NICL.L | United Kingdom | $539M | +18% | +3% | 18% | 1.9× | 0.2% | +8.1% |
| Yeo Hiap Seng Y03.SI | Singapore | $259M | -14% | -3% | -7% | 0.5× | n/a | n/a |
| Nanfang Black Sesame 000716.SZ | China | $590M | +2% | +5% | 2% | 2.0× | 28.5% | -10.1% |
| DyDo 2590.T | Japan | $624M | +21% | +3% | 4% | 0.4× | n/a | n/a |
| LotteChilsung 005300.KS | South Korea | $791M | -9% | +1% | 5% | 0.7× | -2.0% | +12.0% |
| A.G. BARR p.l.c BAG.L | United Kingdom | $887M | -2% | +7% | 15% | 1.6× | n/a | n/a |
| NATURECELL 007390.KS | South Korea | $1.04B | +14% | -15% | -18% | 68.7× | n/a | n/a |
| Shenzhen Cereals 000019.SZ | China | $1.04B | -20% | +1% | 6% | 1.6× | 4.6% | -14.3% |
| Lassonde Industries LAS-A.TO | Canada | $1.14B | +4% | +2% | 9% | 0.7× | -13.2% | +8.2% |
| Princes PRN.L | United Kingdom | $1.21B | -3% | +30% | 4% | 0.3× | -7.1% | +9.3% |
| Fevertree Drinks FEVR.L | United Kingdom | $1.36B | +18% | +2% | 9% | 2.8× | 27.9% | +5.2% |
| China Foods 0506.HK | Hong Kong | $1.43B | +8% | +4% | 8% | 0.4× | -17.0% | +4.3% |