Loading…
Taiwanese specialty-chemicals maker producing UV/EB curing resins, photoresist and electronic materials for PCB and display industries.
Taiwanese specialty-chemicals maker producing UV/EB curing resins, photoresist and electronic materials for PCB and display industries.
Sells its chemicals to PCB, display and coating makers, where customers qualify the materials for their lines before volume orders, so income follows electronics output.
In one line: A smaller Taiwanese specialty-chemicals supplier to the electronics industry.
Moat: narrow (process know-how, customer qualification). Qualified specialty-chemical supplier into PCB/electronics supply chains.
Headquarters: Kaohsiung, Taiwan · Employees: 4,899
Size Eternal Materials (1717.TW) is a Taiwan Materials company (Chemicals: Major Diversified) with a market value of $2.06B, the 168th largest of 687 Taiwan companies the cockpit tracks. Shares closed at NT$57.50 on 6 Nov 2026.
Performance Over six months the shares fell 27.1%, against -3.3% for the median peer and -3.4% for the Taiwan market (cap-weighted) — 5th lowest of 19 in its peer set.
Growth Revenue fell 1.6% over the last twelve months (peer median +12.0%); the operating margin is 5.3% (peer median 10.1%).
Valuation It trades at 17.2× forward earnings against a peer median of 29.1× (6th cheapest of 18).
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 +19 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 3.0 points below its cost of capital (6.9% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | NT$42.4B | NT$40.7B | NT$44.2B | NT$42.5B | NT$49.0B |
| Revenue growth | — | -8% | +4% | -13% | — |
| Gross profit | NT$8.75B | NT$7.82B | NT$8.31B | NT$7.65B | NT$9.67B |
| EBITDA | NT$4.68B | NT$3.97B | NT$4.41B | NT$4.02B | NT$5.37B |
| Net income | NT$2.23B | NT$1.66B | NT$1.83B | NT$1.50B | NT$2.62B |
| Free cash flow | NT$934M | NT$791M | NT$346M | NT$2.53B | NT$4.05B |
| Capital expenditure | NT$2.70B | NT$3.24B | NT$3.59B | NT$3.49B | NT$2.81B |
| Total debt | NT$24.2B | NT$22.2B | NT$22.2B | NT$22.2B | NT$23.2B |
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 | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Eternal Materials 1717.TW | $2.06B | -27% | -2% | 5% | 17.2× | 19.9% |
| Nan Pao Resins Chemical 4766.TW | $1.24B | -6% | +3% | 16% | 13.3× | -8.7% |
| Nippon Kayaku 4272.T | $1.66B | +3% | +14% | 10% | 10.1× | -4.8% |
| Tokyo Ohka Kogyo 4186.T | $5.03B | -30% | +22% | 21% | 17.8× | 19.9% |
| Toagosei 4045.T | $1.19B | +3% | +2% | 9% | 14.4× | n/a |
| DIC 4631.T | $2.68B | +25% | +6% | 7% | 9.3× | -1.0% |
| Resonac 4004.T | $12.6B | -26% | +1% | 8% | 18.0× | 26.7% |
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 | 1717.TW | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -22.9% | -10.5% | 3rd lowest of 21 |
| 6-month return | -27.1% | -3.3% | 5th lowest of 19 |
| Distance from 52-week high | -35.9% | -23.7% | 9th lowest of 21 |
| Revenue growth (TTM) | -1.6% | +12.0% | 3rd lowest of 21 |
| Operating margin | 5.3% | 10.1% | 6th lowest of 21 |
| Forward P/E | 17.2× | 29.1× | 6th cheapest of 18 |
| Growth the price implies (Req g, 7 yrs) | 19.9% | 4.3% | 3rd most demanding of 11 |
| Growth delivered (Del g) | +1.2% | +8.1% | 2nd lowest of 11 |
| Hurdle (Req g minus delivered) | +18.7 pp | -3.8 pp | most demanding of 11 |
| ROIC minus cost of capital | -3.0 pp | -0.4 pp | 8th lowest of 21 |
| EV / EBITDA | 17.8× | 11.9× | 5th most expensive of 13 |
| Net debt / EBITDA | 3.0× | 1.1× | 3rd most indebted of 13 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Eternal Materials 1717.TW | Taiwan | $2.06B | -27% | -2% | 5% | 17.2× | 19.9% | +1.2% |
| Ingevity NGVT | United States | $2.07B | -21% | -12% | 25% | 10.4× | -0.9% | -0.8% |
| Zhejiang Yongtai Technology 002326.SZ | China | $2.04B | -40% | +38% | 11% | n/a | n/a | n/a |
| Qingdao Huicheng Environmental Technology 300779.SZ | China | $2.02B | -9% | -13% | 5% | 129.3× | n/a | n/a |
| Aether Industries AETHER.NS | India | $2.20B | +29% | +31% | 25% | 72.6× | n/a | n/a |
| Innospec IOSP | United States | $1.93B | -3% | +5% | 8% | 13.4× | 4.4% | +8.3% |
| Hubei Sinophorus Electronic Materials 688545.SS | China | $2.24B | +11% | +75% | 11% | 68.3× | n/a | n/a |
| Nippon Shokubai 4114.T | Japan | $2.27B | +11% | +4% | 6% | 16.2× | 4.1% | +7.9% |
| Advanced Echem Materials 4749.TWO | Taiwan | $1.72B | -39% | +19% | 25% | 33.1× | n/a | n/a |
| AARTI Industries AARTIIND.NS | India | $1.71B | -9% | +40% | 9% | 29.1× | n/a | n/a |
| Borregaard BRG.OL | Norway | $1.68B | +7% | +3% | 17% | 24.4× | -1.0% | +7.7% |
| Nippon Kayaku 4272.T | Japan | $1.66B | +3% | +14% | 10% | 10.1× | -4.8% | +6.9% |
| Metis TechBio 7666.HK | Hong Kong | $1.66B | n/a | +6,987% | -367% | n/a | n/a | n/a |
| Valiant 002643.SZ | China | $1.66B | -28% | +3% | 10% | 25.6× | 17.4% | +4.9% |
| Huntsman HUN | United States | $1.66B | -37% | +6% | 0% | 353.8× | n/a | n/a |
| Fine Organic Industries FINEORG.NS | India | $1.64B | +9% | +13% | 20% | 33.4× | 26.7% | +15.7% |
| Alzchem ACT0.DE | Germany | $1.56B | n/a | +5% | 16% | 20.9× | -1.1% | +8.2% |
| CES Energy Solutions CEU.TO | Canada | $2.82B | +4% | +11% | 10% | 14.1× | 9.2% | +22.9% |
| Grandit 688549.SS | China | $2.89B | +36% | +40% | -1% | n/a | n/a | n/a |
| Jilin Chemical Fibre Stock 000420.SZ | China | $1.42B | -25% | +11% | 5% | 154.0× | n/a | n/a |
| Privi Speciality Chemicals PRIVISCL.NS | India | $1.40B | -4% | +18% | 20% | 30.4× | 30.1% | +15.0% |