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Makes flat glass, glass fiber and building materials, part of the Taiwan Cement-linked Lin family group.
Makes flat glass, glass fiber and building materials, part of the Taiwan Cement-linked Lin family group.
In one line: A smaller Owens Corning/NSG Group.
Moat: none (scale). Commodity glass producer competing on scale and regional cost position.
Headquarters: Taipei, Taiwan · Founded: 1964
Size Taiwan Glass Industry (1802.TW) is a Taiwan Materials company (Industrial Specialties) with a market value of $5.08B, the 90th largest of 687 Taiwan companies the cockpit tracks. Shares closed at NT$57.80 on 6 Nov 2026.
Performance Over six months the shares fell 20.6%, against -7.6% for the median peer and -3.4% for the Taiwan market (cap-weighted) — 6th lowest of 20 in its peer set.
Growth Revenue grew 11.8% over the last twelve months (peer median +11.2%); the operating margin is 12.4% (peer median 12.9%).
Valuation It trades at 3.53× book value against a peer median of 4.11× (10th cheapest of 21).
Price implies The share price implies a return on equity of about 26.6%; Taiwan Glass Industry delivers 10.1%, so the price asks more than the business earns today.
Next results Next results expected around 17 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | NT$47.2B | NT$41.5B | NT$42.5B | NT$45.6B | NT$43.9B |
| Revenue growth | — | -2% | -7% | +4% | — |
| Gross profit | NT$14.1B | NT$4.47B | NT$3.31B | NT$4.21B | NT$4.06B |
| EBITDA | n/a | NT$4.41B | NT$3.36B | NT$4.36B | NT$4.09B |
| Net income | NT$5.04B | -NT$590M | -NT$1.57B | NT$34.6M | -NT$721M |
| Free cash flow | n/a | -NT$1.93B | -NT$1.09B | NT$786M | -NT$2.12B |
| Capital expenditure | n/a | NT$4.70B | NT$4.04B | NT$4.18B | NT$4.33B |
| Total debt | n/a | NT$25.5B | NT$23.4B | NT$24.4B | NT$25.7B |
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 Glass Industry 1802.TW | $5.08B | -21% | +12% | 10% | 3.53× | 26.6% |
| Owens Corning OC | $9.59B | 0% | -11% | -5% | 2.96× | 27.8% |
| Agc 5201.T | $6.33B | -15% | +6% | 6% | 0.65× | 6.4% |
| Xinyi Glass 0868.HK | $4.79B | -19% | -12% | 8% | 0.87× | 10.3% |
| China Jushi 600176.SS | $16.6B | -20% | +27% | 18% | 3.18× | 40.9% |
| Nippon Sheet Glass 5202.T | n/a | +4% | n/a | n/a | n/a | n/a |
| Nippon Electric Glass 5214.T | $2.32B | -44% | +3% | 5% | 0.68× | 5.6% |
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 | 1802.TW | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -2.5% | -3.5% | 9th highest of 20 |
| 6-month return | -20.6% | -7.6% | 6th lowest of 20 |
| Return on equity | 10.1% | 12.4% | 8th lowest of 21 |
| Price / book | 3.53× | 4.11× | 10th cheapest of 21 |
| ROE the price implies | 26.6% | 37.5% | 10th least demanding of 21 |
| ROE delivered | 10.1% | 11.9% | 8th lowest of 19 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Taiwan Glass Industry 1802.TW | Taiwan | $5.08B | -21% | +12% | 10% | 3.53× | 26.6% | 10.1% |
| SICC 688234.SS | China | $4.98B | -24% | +20% | -2% | 5.18× | 51.4% | -2.5% |
| Sichuan EM Technology 601208.SS | China | $4.88B | -15% | +23% | 7% | 5.40× | 82.0% | 7.3% |
| Sunresin New Materials 300487.SZ | China | $4.77B | -2% | +17% | 20% | 6.50× | 58.3% | 19.7% |
| CSW Industrials CSW | United States | $4.43B | 0% | +30% | 11% | 3.96× | 26.3% | 11.4% |
| Fuchs FPE.DE | Germany | $5.87B | +21% | +12% | 18% | 2.24× | 11.3% | 17.7% |
| Berger Paints India BERGEPAINT.NS | India | $5.90B | -2% | +5% | 17% | 8.06× | 103.7% | n/a |
| FSPG Hi-Tech 000973.SZ | China | $4.07B | -47% | +205% | 20% | 2.75× | 14.3% | 20.5% |
| Beijing Oriental Yuhong Waterproof Technology 002271.SZ | China | $3.92B | -27% | +10% | 0% | 1.27× | 13.1% | -0.2% |
| Sekisui Chemical 4204.T | Japan | $6.61B | +9% | +6% | 9% | 1.20× | 6.6% | 9.3% |
| AZZ AZZ | United States | $3.76B | -15% | +10% | 12% | 2.66× | 23.5% | 12.3% |
| Shanghai Sinyang Semiconductor Materials 300236.SZ | China | $3.58B | -20% | +33% | 8% | 4.26× | 47.7% | 7.6% |
| Orica ORI.AX | Australia | $7.23B | +1% | +2% | 6% | 2.79× | 20.3% | 6.1% |
| Srf SRF.NS | India | $7.67B | -11% | +20% | 16% | 4.77× | 49.3% | 16.0% |
| China Hainan Rubber Industry 601118.SS | China | $3.36B | -27% | -37% | 0% | 2.39× | 19.7% | -0.4% |
| Crown New Materials Techn Co L 001381.SZ | China | $3.33B | n/a | +8% | 14% | 8.69× | 60.8% | n/a |
| Axalta Coating Systems AXTA | United States | $7.80B | +25% | 0% | 14% | 2.98× | 27.2% | 13.6% |
| Kansai Paint 4613.T | Japan | $3.23B | +29% | +3% | 11% | 1.78× | 10.5% | 10.6% |
| SKSHU Paint 603737.SS | China | $3.14B | -33% | 0% | 13% | 6.51× | 86.4% | 12.5% |
| Kinik 1560.TW | Taiwan | $3.04B | +17% | +19% | 22% | 11.04× | 92.4% | 21.8% |
| Himadri Speciality Chemical HSCL.NS | India | $3.04B | -8% | +25% | 19% | 5.58× | 103.5% | 18.6% |