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State-linked Taiwanese producer of chemical fertilizers, also making industrial gases and other basic chemicals.
State-linked Taiwanese producer of chemical fertilizers, also making industrial gases and other basic chemicals.
Sells fertilizer to farmers through farmers' associations and dealers across Taiwan, so the domestic farm calendar and government fertilizer policy set volumes. Industrial gases are a second business, sold mainly to industrial users.
In one line: A smaller, state-linked CF Industries/Air Products hybrid.
Moat: narrow (regulatory licence, scale). Long-standing, partly state-backed producer with established distribution to Taiwan's agricultural sector.
Headquarters: Kaohsiung, Taiwan
Size Taiwan Fertilizer (1722.TW) is a Taiwan Materials company (Chemicals: Agricultural) with a market value of $1.18B, the 242nd largest of 687 Taiwan companies the cockpit tracks. Shares closed at NT$39.80 on 6 Nov 2026.
Performance Over six months the shares fell 15.3%, against -20.3% for the median peer and -3.4% for the Taiwan market (cap-weighted) — 10th highest of 21 in its peer set.
Growth Revenue grew 4.0% over the last twelve months (peer median +12.0%); the operating margin is -16.5% (peer median 7.7%).
Valuation It trades at 0.72× book value against a peer median of 1.74× (4th cheapest of 21).
Price implies The share price implies a return on equity of about 2.9%; Taiwan Fertilizer delivers 0.5%, so the price asks more than the business earns today.
Next results Next results expected around 11 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | NT$12.5B | NT$12.1B | NT$11.9B | NT$15.0B | NT$15.1B |
| Revenue growth | — | +2% | -21% | 0% | — |
| Gross profit | NT$2.68B | NT$1.50B | NT$1.72B | NT$4.05B | NT$1.22B |
| EBITDA | n/a | NT$1.80B | NT$1.96B | NT$4.00B | NT$667M |
| Net income | NT$293M | NT$932M | NT$1.97B | NT$3.92B | NT$2.67B |
| Free cash flow | n/a | NT$1.90B | NT$3.19B | NT$5.64B | NT$5.25B |
| Capital expenditure | n/a | NT$480M | NT$524M | NT$405M | NT$329M |
| Total debt | n/a | NT$537M | NT$82.0M | NT$126M | NT$154M |
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 | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Taiwan Fertilizer 1722.TW | $1.18B | -15% | +4% | 1% | 0.72× | 2.9% |
| CF Industries CF | $18.1B | +4% | +20% | 39% | 3.15× | 17.2% |
| Yara International YAR.OL | $11.0B | -26% | +2% | 16% | 1.15× | 10.6% |
| Nutrien NTR.TO | $34.3B | +8% | +8% | 9% | 1.31× | 11.2% |
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 | 1722.TW | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -2.6% | -4.6% | 11th highest of 21 |
| 6-month return | -15.3% | -20.3% | 10th highest of 21 |
| Return on equity | 0.5% | 11.3% | 5th lowest of 21 |
| Price / book | 0.72× | 1.74× | 4th cheapest of 21 |
| ROE the price implies | 2.9% | 10.7% | least demanding of 21 |
| ROE delivered | 0.5% | 11.4% | 5th lowest of 18 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Taiwan Fertilizer 1722.TW | Taiwan | $1.18B | -15% | +4% | 1% | 0.72× | 2.9% | 0.5% |
| CAC Nantong Chemical 301665.SZ | China | $1.17B | -26% | +27% | 12% | 2.48× | 17.6% | 12.5% |
| CVR Partners, LP UAN | United States | $1.16B | -13% | +7% | 36% | 4.25× | 17.3% | 36.0% |
| E.I.D.-Parry (India) EIDPARRY.NS | India | $1.21B | -24% | +16% | 7% | 1.30× | 18.9% | n/a |
| Shenzhen Noposion Crop Science 002215.SZ | China | $1.25B | -23% | +12% | 17% | 1.88× | 14.3% | 16.6% |
| Stanley Agricultural 002588.SZ | China | $1.27B | -33% | +3% | 11% | 1.08× | 6.6% | 11.4% |
| Jiang Su Suyan Jingshen 603299.SS | China | $1.28B | -18% | -5% | 4% | 1.06× | 5.9% | 4.0% |
| Migao 9879.HK | Hong Kong | $1.08B | +16% | +27% | 13% | 2.45× | 9.0% | 12.9% |
| China BlueChemical 3983.HK | Hong Kong | $1.08B | -32% | +4% | 4% | 0.39× | 4.8% | 4.5% |
| Sinofert 0297.HK | Hong Kong | $1.08B | -25% | +16% | 12% | 0.61× | 5.7% | 11.6% |
| Nantong Jiangshan Agrochemical & Chemicals 600389.SS | China | $1.04B | -44% | +13% | 10% | 1.60× | 12.4% | 10.5% |
| Huapont Life Sciences 002004.SZ | China | $1.39B | -5% | -6% | 6% | 0.92× | 6.4% | 5.8% |
| Holitech Technology 002217.SZ | China | $1.41B | -58% | +17% | 0% | 5.01× | 42.8% | 0.5% |
| Nanjing Redsun 000525.SZ | China | $981M | -10% | +12% | -2% | 2.52× | 6.7% | -1.8% |
| Shenzhen Batian Ecological Technique 002170.SZ | China | $1.44B | -29% | +3% | 23% | 2.60× | 17.9% | 23.0% |
| Oci OCI.AS | Netherlands | $967M | +8% | -81% | -1% | 0.82× | 4.5% | -0.9% |
| Oil-Dri Corporation of America ODC | United States | $948M | -9% | +2% | 20% | 3.19× | 22.3% | 19.6% |
| Madhya Bharat Agro Products MBAPL.NS | India | $944M | +68% | +48% | 32% | 15.49× | 101.4% | n/a |
| China XLX Fertiliser 1866.HK | Hong Kong | $1.51B | -27% | +24% | 12% | 0.95× | 8.1% | 12.4% |
| Deepak Fertilisers and Petrochemicals DEEPAKFERT.NS | India | $1.54B | -14% | +14% | 11% | 2.13× | 34.8% | n/a |
| Nufarm NUF.AX | Australia | $897M | +40% | -2% | -7% | 0.71× | 6.5% | -7.2% |