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Size China Steel Chemical (1723.TW) is a Taiwan Materials company (Chemicals: Major Diversified) with a market value of $496M, the 446th largest of 687 Taiwan companies the cockpit tracks. Shares closed at NT$70.70 on 6 Nov 2026.
Performance Over six months the shares fell 9.4%, against -17.0% for the median peer and -3.4% for the Taiwan market (cap-weighted) — 7th highest of 20 in its peer set.
Growth Revenue grew 7.8% over the last twelve months (peer median +4.1%); the operating margin is 11.8% (peer median 7.2%).
Valuation It trades at 19.3× forward earnings against a peer median of 21.2× (4th cheapest of 7).
Price implies For today's price to make sense, revenue must grow about 4% a year for seven years (Req g). Recent delivered growth is +2%, so the hurdle is +2 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 1.8 points above its cost of capital (5.0% WACC).
Next results Next results expected around 1 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | NT$6.77B | NT$5.82B | NT$7.60B | NT$8.30B | NT$10.5B |
| Revenue growth | — | -23% | -9% | -21% | — |
| Gross profit | NT$1.32B | NT$983M | NT$1.69B | NT$2.00B | NT$2.37B |
| EBITDA | NT$1.27B | NT$926M | NT$1.63B | NT$1.97B | NT$2.32B |
| Net income | NT$815M | NT$616M | NT$1.21B | NT$1.44B | NT$1.70B |
| Free cash flow | NT$610M | NT$497M | NT$668M | NT$798M | NT$2.25B |
| Capital expenditure | NT$750M | NT$530M | NT$864M | NT$549M | NT$255M |
| Total debt | NT$2.78B | NT$2.86B | NT$2.31B | NT$2.02B | NT$1.85B |
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 | 1723.TW | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -11.7% | -7.9% | 8th lowest of 21 |
| 6-month return | -9.4% | -17.0% | 7th highest of 20 |
| Distance from 52-week high | -24.7% | -35.8% | 8th highest of 21 |
| Revenue growth (TTM) | +7.8% | +4.1% | 7th highest of 21 |
| Operating margin | 11.8% | 7.2% | 8th highest of 21 |
| Forward P/E | 19.3× | 21.2× | 4th cheapest of 7 |
| Growth the price implies (Req g, 7 yrs) | 4.1% | 6.8% | 5th least demanding of 11 |
| Growth delivered (Del g) | +1.6% | +11.3% | 2nd lowest of 11 |
| Hurdle (Req g minus delivered) | +2.5 pp | -5.3 pp | 4th most demanding of 11 |
| ROIC minus cost of capital | +1.8 pp | +0.1 pp | 6th highest of 21 |
| EV / EBITDA | 13.9× | 9.5× | 5th most expensive of 11 |
| Net debt / EBITDA | 0.9× | -0.5× | 3rd most indebted of 11 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| China Steel Chemical 1723.TW | Taiwan | $496M | -9% | +8% | 12% | 19.3× | 4.1% | +1.6% |
| China Sanjiang Fine Chemicals 2198.HK | Hong Kong | $492M | -37% | +1% | 7% | n/a | n/a | n/a |
| Anhui Huaertai Chemical 001217.SZ | China | $489M | -18% | +13% | -3% | n/a | n/a | n/a |
| Yingkou Fengguang Advanced Material 301100.SZ | China | $486M | -14% | -15% | -4% | n/a | n/a | n/a |
| Prasol Chemicals PRASOLCHEM.NS | India | $484M | n/a | +22% | 10% | n/a | 24.3% | +15.8% |
| Shandong Rike Chemical 300214.SZ | China | $514M | -5% | -6% | 2% | 254.7× | 8.3% | +10.5% |
| Shanghai Chemspec 688602.SS | China | $476M | -23% | -10% | -28% | n/a | n/a | n/a |
| Foseco India FOSECOIND.NS | India | $475M | +20% | +32% | 18% | n/a | 29.0% | +20.7% |
| Miwon Sc 268280.KS | South Korea | $468M | +8% | +7% | 15% | n/a | -15.8% | +7.4% |
| Jiangsu Kuangshun Photosensitivity New Material Stock 300537.SZ | China | $536M | -24% | +4% | 4% | 122.9× | 58.4% | -8.5% |
| Archean Chemical Industries ACI.NS | India | $544M | -33% | +6% | 12% | 25.5× | n/a | n/a |
| Soken Chemical & Engineering 4972.T | Japan | $451M | +27% | +4% | 13% | 16.9× | -2.3% | +8.8% |
| Nanjing Well Pharmaceutical 603351.SS | China | $548M | -1% | +9% | 13% | n/a | 9.7% | +12.7% |
| Beijing WBD New Materials 300055.SZ | China | $549M | -59% | +13% | -9% | n/a | n/a | n/a |
| Hubei Kailong Chemical 002783.SZ | China | $554M | -17% | -2% | 8% | n/a | -2.4% | +12.0% |
| Zhejiang Weihua New Material 603310.SS | China | $442M | -19% | +26% | 2% | n/a | n/a | n/a |
| MiwonComcl 002840.KS | South Korea | $441M | -9% | +7% | 11% | n/a | -4.3% | +8.4% |
| China Sunsine Chemical QES.SI | Singapore | $441M | -10% | +4% | 14% | 11.5× | n/a | n/a |
| Ningxia Yinglite Chemicals 000635.SZ | China | $562M | +17% | -14% | -48% | n/a | n/a | n/a |
| China Catalyst 688267.SS | China | $578M | -27% | -3% | 18% | 16.0× | n/a | n/a |
| Shandong Taihe Technologies 300801.SZ | China | $589M | -41% | -2% | 7% | n/a | 5.3% | +12.9% |