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Employees: 6,905
Size Formosa Taffeta (1434.TW) is a Taiwan Consumer Discretionary company (Textiles) with a market value of $888M, the 292nd largest of 687 Taiwan companies the cockpit tracks. Shares closed at NT$17.45 on 6 Nov 2026.
Performance Over six months the shares gained 9.4%, against -17.0% for the median peer and -3.4% for the Taiwan market (cap-weighted) — 5th highest of 21 in its peer set.
Growth Revenue fell 7.0% over the last twelve months (peer median +1.6%); the operating margin is 2.0% (peer median 5.1%).
Valuation It trades at 1.3× enterprise value to sales against a peer median of 1.4× (10th cheapest of 21).
Price implies For today's price to make sense, revenue must grow about 20% a year for seven years (Req g). Recent delivered growth is -1%, so the hurdle is +21 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 4.2 points below its cost of capital (5.0% WACC).
Next results Next results expected around 5 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | NT$26.8B | NT$27.5B | NT$28.7B | NT$28.5B | NT$34.7B |
| Revenue growth | — | -4% | +1% | -18% | — |
| Gross profit | NT$2.96B | NT$3.08B | NT$3.07B | NT$2.53B | NT$3.77B |
| EBITDA | NT$1.80B | NT$2.04B | NT$2.06B | NT$1.66B | NT$2.65B |
| Net income | NT$1.55B | NT$865M | NT$1.49B | NT$445M | NT$3.40B |
| Free cash flow | NT$1.50B | NT$1.78B | NT$2.70B | NT$3.44B | NT$2.83B |
| Capital expenditure | NT$902M | NT$774M | NT$625M | NT$691M | NT$855M |
| Total debt | NT$11.3B | NT$11.2B | NT$11.5B | NT$13.7B | NT$15.0B |
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 | 1434.TW | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -2.2% | -1.8% | 11th highest of 21 |
| 6-month return | +9.4% | -17.0% | 5th highest of 21 |
| Distance from 52-week high | -18.1% | -34.7% | 6th highest of 21 |
| Revenue growth (TTM) | -7.0% | +1.6% | 6th lowest of 21 |
| Operating margin | 2.0% | 5.1% | 5th lowest of 21 |
| EV / Sales | 1.3× | 1.4× | 10th cheapest of 21 |
| Growth the price implies (Req g, 7 yrs) | 19.9% | 12.4% | 5th most demanding of 15 |
| Growth delivered (Del g) | -0.9% | +3.5% | 4th lowest of 15 |
| Hurdle (Req g minus delivered) | +20.8 pp | +1.5 pp | 4th most demanding of 15 |
| ROIC minus cost of capital | -4.2 pp | -1.4 pp | 5th lowest of 21 |
| EV / EBITDA | 19.5× | 6.0× | most expensive of 4 |
| Net debt / EBITDA | 3.2× | -0.5× | 2nd most indebted of 6 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Formosa Taffeta 1434.TW | Taiwan | $888M | +9% | -7% | 2% | 1.3× | 19.9% | -0.9% |
| Zhewen Pictures 601599.SS | China | $884M | +37% | +4% | 1% | 1.8× | 46.4% | +13.9% |
| Zhejiang Xinao Textiles 603889.SS | China | $908M | -5% | +20% | 13% | 1.4× | n/a | n/a |
| Zhejiang Yunzhongma 603130.SS | China | $867M | -8% | +4% | 4% | 2.4× | 21.1% | +18.8% |
| Hyosung Tnc 298020.KS | South Korea | $911M | -45% | +8% | 5% | 0.1× | n/a | n/a |
| Jiangsu Sanfame Polyester Material 600370.SS | China | $857M | -44% | -13% | -3% | 0.7× | n/a | n/a |
| Shanghai Anoky 300067.SZ | China | $853M | -29% | +36% | 3% | 4.8× | n/a | n/a |
| Zhejiang Hailide New Material 002206.SZ | China | $845M | -18% | -7% | 11% | 1.3× | -2.2% | +10.7% |
| Shanxi Guoxin Energy Corporation Limited 600617.SS | China | $838M | -16% | -9% | 3% | 1.4× | 0.8% | +4.5% |
| Shenzhen Fuanna Bedding & Furnishing 002327.SZ | China | $951M | -26% | -5% | 12% | 2.4× | -1.3% | -2.1% |
| Huafu Fashion 002042.SZ | China | $822M | -31% | -23% | 2% | 1.3× | 15.1% | -10.8% |
| Xingye Leather Technology 002674.SZ | China | $807M | +35% | +7% | 8% | 1.9× | 14.3% | +15.4% |
| Gunze 3002.T | Japan | $797M | +17% | -4% | 5% | 1.1× | 10.5% | +1.1% |
| Japan Wool Textile 3201.T | Japan | $792M | +14% | 0% | 11% | 0.9× | -8.6% | +2.6% |
| Zhejiang Hangmin 600987.SS | China | $1.02B | -6% | -23% | 8% | 0.4× | n/a | n/a |
| Nanjing Chemical Fibre 600889.SS | China | $1.03B | -24% | +115% | 5% | 8.4× | 35.4% | -3.9% |
| Jiangsu Jiuding New Material 002201.SZ | China | $760M | -42% | +6% | 9% | 3.0× | 22.1% | +1.4% |
| Huafon Microfibre (Shanghai) 300180.SZ | China | $1.06B | -24% | -6% | -1% | 2.0× | 16.2% | +4.4% |
| Shanghai Shenda 600626.SS | China | $745M | -4% | -2% | 1% | 0.6× | -1.0% | -0.1% |
| Seiren 3569.T | Japan | $1.07B | -1% | +12% | 12% | 0.7× | -4.9% | +11.7% |
| Jiangsu Jujie Microfiber Technology 300819.SZ | China | $734M | -42% | +5% | 9% | 8.4× | n/a | n/a |