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Taiwanese maker of polyester and synthetic fibers, PTA and industrial films, part of Shin Kong Group.
Taiwanese maker of polyester and synthetic fibers, PTA and industrial films, part of Shin Kong Group.
Sells polyester yarn and related materials whose prices follow oil and PTA, polyester's main raw material, so profit depends on the gap between raw-material cost and selling price rather than on brand. It belongs to the Shin Kong Group, a Taiwanese conglomerate better known for insurance and department stores.
In one line: A smaller, Taiwanese polyester fiber/film maker.
Moat: none (scale). Commodity petrochemical/fiber producer competing on scale and cost.
Headquarters: Taipei, Taiwan · Employees: 4,199
Size Shinkong Synthetic Fibers (1409.TW) is a Taiwan Materials company (Chemicals: Specialty) with a market value of $1.03B, the 268th largest of 687 Taiwan companies the cockpit tracks. Shares closed at NT$21.10 on 6 Nov 2026.
Performance Over six months the shares gained 23.4%, against -21.7% for the median peer and -3.4% for the Taiwan market (cap-weighted) — 2nd highest of 20 in its peer set.
Growth Revenue fell 7.2% over the last twelve months (peer median +8.9%); the operating margin is 14.4% (peer median 7.7%).
Valuation It trades at 2.1× enterprise value to sales against a peer median of 2.9× (9th cheapest of 21).
Capital Return on invested capital runs 0.8 points below its cost of capital (5.0% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | NT$39.4B | NT$37.5B | NT$44.6B | NT$38.6B | NT$44.2B |
| Revenue growth | — | -16% | +15% | -13% | — |
| Gross profit | NT$10.7B | NT$8.45B | NT$9.36B | NT$6.36B | NT$8.83B |
| EBITDA | NT$7.49B | NT$5.46B | NT$6.83B | NT$4.65B | NT$6.08B |
| Net income | NT$3.53B | NT$1.92B | NT$1.71B | NT$764M | NT$2.82B |
| Free cash flow | -NT$5.81B | NT$1.83B | -NT$8.23B | -NT$7.47B | NT$3.07B |
| Capital expenditure | NT$1.44B | NT$1.11B | NT$1.86B | NT$3.53B | NT$4.07B |
| Total debt | NT$70.0B | NT$64.8B | NT$64.1B | NT$54.4B | NT$47.3B |
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.
| Company | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g |
|---|---|---|---|---|---|---|
| Shinkong Synthetic Fibers 1409.TW | $1.03B | +23% | -7% | 14% | 2.1× | n/a |
| Far Eastern New Century 1402.TW | $4.49B | +8% | 0% | 6% | 1.7× | 5.3% |
| Formosa Chemicals & Fibre 1326.TW | $11.1B | +21% | -5% | 1% | 1.0× | 26.2% |
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 | 1409.TW | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -16.6% | -10.2% | 8th lowest of 21 |
| 6-month return | +23.4% | -21.7% | 2nd highest of 20 |
| Distance from 52-week high | -38.1% | -44.4% | 6th highest of 21 |
| Revenue growth (TTM) | -7.2% | +8.9% | 6th lowest of 21 |
| Operating margin | 14.4% | 7.7% | 8th highest of 21 |
| EV / Sales | 2.1× | 2.9× | 9th cheapest of 21 |
| ROIC minus cost of capital | -0.8 pp | -1.6 pp | 8th highest of 21 |
| EV / EBITDA | 11.3× | 9.0× | 4th most expensive of 8 |
| Net debt / EBITDA | 5.2× | -0.3× | 2nd most indebted of 8 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Shinkong Synthetic Fibers 1409.TW | Taiwan | $1.03B | +23% | -7% | 14% | 2.1× | n/a | n/a |
| Jiangsu Evergreen New Material Technology 603125.SS | China | $1.03B | -23% | +38% | 19% | 4.4× | n/a | n/a |
| Shikoku Kasei 4099.T | Japan | $1.03B | -26% | +20% | 18% | 1.7× | 5.0% | +6.5% |
| Ningbo Changhong Polymer Scientific & Technical 605008.SS | China | $1.04B | -11% | -12% | -1% | 2.9× | n/a | n/a |
| Anhui Guofeng New Materials 000859.SZ | China | $1.04B | -14% | +6% | -4% | 3.3× | n/a | n/a |
| Kureha 4023.T | Japan | $1.02B | +7% | +7% | 10% | 1.5× | 4.1% | +2.3% |
| Guangzhou Lingwe Technology 301373.SZ | China | $1.01B | -37% | +15% | 26% | 11.0× | 35.6% | +7.4% |
| Japan Material 6055.T | Japan | $1.06B | -9% | +11% | 27% | 2.4× | 9.4% | +10.5% |
| Yibin Tianyuan 002386.SZ | China | $1,000M | -27% | +14% | 3% | 1.1× | n/a | n/a |
| Hangjin Technology 000818.SZ | China | $988M | -35% | -29% | -8% | 3.2× | 18.9% | +3.2% |
| Jiujiang Shanshui Technology 301190.SZ | China | $983M | +32% | +54% | 19% | 5.9× | n/a | n/a |
| Lihuayi Weiyuan Chemical 600955.SS | China | $978M | -39% | +18% | -8% | 0.8× | n/a | n/a |
| Hubei Heyuan Gas 002971.SZ | China | $1.09B | +9% | +12% | 7% | 6.4× | n/a | n/a |
| Guangdong Sinoplast Adv Matl 301686.SZ | China | $962M | n/a | +7% | 19% | 8.0× | n/a | n/a |
| Compass Minerals International CMP | United States | $962M | -18% | +5% | 8% | 1.3× | 8.1% | +2.8% |
| Jiangsu Sopo Chemical 600746.SS | China | $1.12B | -23% | +6% | 5% | 1.2× | n/a | n/a |
| Anhui Hwasu 600935.SS | China | $1.13B | -22% | -10% | -8% | 2.0× | 28.1% | -1.0% |
| Zhejiang Oceanking Development 603213.SS | China | $938M | +1% | -17% | 0% | 3.0× | 38.3% | +17.9% |
| Rastar Environmental Protection Materials 300834.SZ | China | $933M | -9% | -23% | 1% | 5.9× | 43.9% | 0.0% |
| Vinati Organics VINATIORGA.NS | India | $1.14B | -26% | +11% | 20% | 4.2× | 24.0% | +18.2% |
| Jiangsu Chengxing Phosph-Chemicals 600078.SS | China | $928M | -29% | +27% | 13% | 1.7× | 2.6% | +2.9% |