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Taiwanese specialty chemicals maker producing resins and related industrial chemical products.
Taiwanese specialty chemicals maker producing resins and related industrial chemical products.
Moat: none
Headquarters: Taiwan
Size Shiny Chemical Industrial (1773.TW) is a Taiwan Materials company (Chemicals: Specialty) with a market value of $1.29B, the 224th largest of 687 Taiwan companies the cockpit tracks. Shares closed at NT$142.50 on 6 Nov 2026.
Performance Over six months the shares fell 20.4%, against -22.3% for the median peer and -3.4% for the Taiwan market (cap-weighted) — 8th highest of 21 in its peer set.
Growth Revenue grew 19.6% over the last twelve months (peer median +5.3%); the operating margin is 22.5% (peer median 6.6%).
Valuation It trades at 15.1× forward earnings against a peer median of 16.7× (7th cheapest of 15).
Price implies For today's price to make sense, revenue must grow about 6% a year for seven years (Req g). Recent delivered growth is +8%, so the hurdle is -3 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 8.1 points above its cost of capital (7.1% WACC).
Next results Next results expected around 24 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | NT$13.7B | NT$11.5B | NT$11.1B | NT$9.85B | NT$11.3B |
| Revenue growth | — | +4% | +12% | -13% | — |
| Gross profit | NT$4.63B | NT$3.75B | NT$3.36B | NT$2.98B | NT$3.24B |
| EBITDA | NT$3.82B | NT$3.08B | NT$2.79B | NT$2.36B | NT$2.49B |
| Net income | NT$2.59B | NT$2.04B | NT$1.80B | NT$1.58B | NT$1.83B |
| Free cash flow | NT$508M | NT$1.28B | NT$1.11B | NT$225M | -NT$279M |
| Capital expenditure | NT$2.30B | NT$1.79B | NT$1.25B | NT$1.92B | NT$2.55B |
| Total debt | NT$4.29B | NT$3.02B | NT$3.57B | NT$3.72B | NT$3.22B |
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 |
|---|---|---|---|---|---|---|
| Shiny Chemical Industrial 1773.TW | $1.29B | -20% | +20% | 22% | 15.1× | 5.5% |
| Nan Pao Resins Chemical 4766.TW | $1.24B | -6% | +3% | 16% | 13.3× | -8.7% |
| Eternal Materials 1717.TW | $2.06B | -27% | -2% | 5% | 17.2× | 19.9% |
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 | 1773.TW | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -21.1% | -10.1% | 4th lowest of 21 |
| 6-month return | -20.4% | -22.3% | 8th highest of 21 |
| Distance from 52-week high | -30.1% | -47.6% | 4th highest of 21 |
| Revenue growth (TTM) | +19.6% | +5.3% | 7th highest of 21 |
| Operating margin | 22.5% | 6.6% | highest of 21 |
| Forward P/E | 15.1× | 16.7× | 7th cheapest of 15 |
| Growth the price implies (Req g, 7 yrs) | 5.5% | 13.2% | 6th least demanding of 11 |
| Growth delivered (Del g) | +8.1% | +11.1% | 2nd lowest of 11 |
| Hurdle (Req g minus delivered) | -2.6 pp | +2.4 pp | 6th least demanding of 11 |
| ROIC minus cost of capital | +8.1 pp | -2.0 pp | 3rd highest of 21 |
| EV / EBITDA | 12.2× | 8.4× | 3rd most expensive of 6 |
| Net debt / EBITDA | 0.9× | -0.4× | 2nd most indebted of 6 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Shiny Chemical Industrial 1773.TW | Taiwan | $1.29B | -20% | +20% | 22% | 15.1× | 5.5% | +8.1% |
| Beijing Haixin Energy Technology 300072.SZ | China | $1.30B | -20% | +61% | -9% | 121.7× | n/a | n/a |
| Chengzhi 000990.SZ | China | $1.29B | -43% | -7% | 7% | 10.6× | -2.8% | +2.2% |
| Shandong Kaisheng New Materials 301069.SZ | China | $1.28B | -19% | +20% | 13% | 47.0× | 29.2% | +10.4% |
| Industrie De Nora DNR.MI | Italy | $1.31B | -23% | -2% | 14% | 16.0× | n/a | n/a |
| REX American Resources REX | United States | $1.31B | -21% | +6% | 15% | 26.2× | -3.8% | +11.7% |
| Dawei Technology (Guangdong) 600589.SS | China | $1.32B | -38% | +29% | -10% | n/a | n/a | n/a |
| Global New Material International 6616.HK | Hong Kong | $1.32B | -3% | +165% | 0% | 14.1× | n/a | n/a |
| COFCO Biotechnology 000930.SZ | China | $1.32B | -21% | -9% | -2% | n/a | n/a | n/a |
| Jiangyin Jianghua Micro-electronics Materials 603078.SS | China | $1.33B | -7% | +18% | 7% | 79.3× | 32.0% | +17.0% |
| Guizhou Redstar Developing 600367.SS | China | $1.25B | +14% | +1% | 7% | n/a | 26.8% | +9.1% |
| Anhui Shenjian New Materials 002361.SZ | China | $1.25B | -54% | -4% | -3% | n/a | n/a | n/a |
| Shanghai Chlor-Alkali Chemical 600618.SS | China | $1.24B | -29% | +2% | 6% | n/a | -0.4% | +9.9% |
| Nan Pao Resins Chemical 4766.TW | Taiwan | $1.24B | -6% | +3% | 16% | 13.3× | -8.7% | +8.3% |
| Wankai New Materials 301216.SZ | China | $1.35B | -48% | +5% | 4% | 8.3× | n/a | n/a |
| BASF India BASF.NS | India | $1.35B | -23% | +13% | 4% | 17.4× | n/a | n/a |
| Zhejiang Jiahua Energy Chemical Industry 600273.SS | China | $1.23B | -22% | +4% | 5% | 7.8× | -6.3% | +12.9% |
| Shanghai Skychem Technology 688603.SS | China | $1.22B | -29% | +38% | 19% | 44.6× | n/a | n/a |
| GCH Technology 688625.SS | China | $1.38B | -32% | +8% | 18% | 19.2× | 27.6% | +16.3% |
| Yunnan Energy Investment 002053.SZ | China | $1.21B | -24% | -24% | 20% | 11.6× | n/a | n/a |
| Tongyu Advanced Materials (Guangdong) 301630.SZ | China | $1.21B | -19% | +26% | 18% | n/a | 35.9% | +26.0% |