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Size Longchen Paper & Packaging (1909.TW) is a Taiwan Materials company (Pulp & Paper) with a market value of $364M, the 564th largest of 687 Taiwan companies the cockpit tracks. Shares closed at NT$9.06 on 6 Nov 2026.
Performance Over six months the shares gained 0.6%, against -19.0% for the median peer and -3.4% for the Taiwan market (cap-weighted) — 4th highest of 21 in its peer set.
Growth Revenue grew 3.6% over the last twelve months (peer median +0.9%); the operating margin is 0.7% (peer median 1.9%).
Valuation It trades at 1.1× enterprise value to sales against a peer median of 1.8× (7th cheapest of 21).
Price implies For today's price to make sense, revenue must grow about 37% a year for seven years (Req g). Recent delivered growth is +1%, so the hurdle is +35 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 4.5 points below its cost of capital (5.0% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | NT$47.5B | NT$44.7B | NT$47.8B | NT$46.7B | NT$53.0B |
| Revenue growth | — | -6% | +2% | -12% | — |
| Gross profit | NT$4.63B | NT$3.99B | NT$4.29B | NT$4.12B | NT$3.90B |
| EBITDA | NT$2.49B | NT$2.12B | NT$2.32B | NT$2.04B | NT$2.47B |
| Net income | NT$296M | -NT$517M | -NT$374M | -NT$1.02B | -NT$910M |
| Free cash flow | NT$836M | NT$201M | NT$905M | -NT$90.1M | -NT$850M |
| Capital expenditure | NT$936M | NT$1.09B | NT$1.49B | NT$4.48B | NT$3.71B |
| Total debt | NT$41.7B | NT$41.6B | NT$40.9B | NT$41.7B | NT$42.3B |
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 | 1909.TW | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -9.4% | -13.8% | 6th highest of 21 |
| 6-month return | +0.6% | -19.0% | 4th highest of 21 |
| Distance from 52-week high | -21.6% | -41.5% | 3rd highest of 21 |
| Revenue growth (TTM) | +3.6% | +0.9% | 9th highest of 21 |
| Operating margin | 0.7% | 1.9% | 8th lowest of 20 |
| EV / Sales | 1.1× | 1.8× | 7th cheapest of 21 |
| Growth the price implies (Req g, 7 yrs) | 36.9% | 9.3% | 3rd most demanding of 11 |
| Growth delivered (Del g) | +1.5% | +1.3% | 6th highest of 11 |
| Hurdle (Req g minus delivered) | +35.4 pp | +9.7 pp | 3rd most demanding of 11 |
| ROIC minus cost of capital | -4.5 pp | -5.2 pp | 9th highest of 20 |
| EV / EBITDA | 20.9× | 8.9× | 2nd most expensive of 6 |
| Net debt / EBITDA | 16.1× | 0.2× | most indebted of 8 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Longchen Paper & Packaging 1909.TW | Taiwan | $364M | +1% | +4% | 1% | 1.1× | 36.9% | +1.5% |
| Yibin Paper Industry 600793.SS | China | $366M | -15% | -24% | 5% | 2.1× | 4.1% | +4.4% |
| Chung Hwa Pulp 1905.TW | Taiwan | $373M | -11% | -7% | -9% | 1.4× | n/a | n/a |
| Guangdong Songyang Recycle Resources 603863.SS | China | $351M | -37% | +14% | -26% | 4.5× | 58.3% | -2.3% |
| Zhejiang Kan Specialities Material 002012.SZ | China | $387M | -17% | +9% | 1% | 3.1× | 41.0% | -16.5% |
| Anhui Linping Circular Development 603284.SS | China | $395M | -26% | +7% | n/a | 0.8× | n/a | n/a |
| Shanghai NAR Industrial 002825.SZ | China | $400M | -20% | +19% | 3% | 1.2× | n/a | n/a |
| Norske Skog NSKOG.OL | Norway | $328M | -18% | +23% | 3% | 0.8× | n/a | n/a |
| Nippon Kodoshi 3891.T | Japan | $324M | -24% | +27% | 26% | 2.3× | 10.0% | +3.2% |
| Mitsubishi Paper Mills 3864.T | Japan | $319M | +21% | -8% | 1% | 0.7× | 25.8% | -0.6% |
| Cre8 Direct (Ningbo) 300703.SZ | China | $310M | -35% | +2% | 3% | 1.1× | n/a | n/a |
| Mudanjiang Hengfeng Paper 600356.SS | China | $435M | -11% | -2% | 8% | 1.1× | -1.6% | +9.0% |
| Qifeng New Material 002521.SZ | China | $445M | -37% | -3% | 4% | 0.9× | -2.0% | +3.6% |
| Kukil Paper Mfg 078130.KS | South Korea | $293M | +9% | -15% | -2% | 6.0× | 27.7% | -7.5% |
| Guangdong Ganhua Science & Industry 000576.SZ | China | $469M | -17% | +81% | 10% | 4.1× | n/a | n/a |
| Tokushu Tokai Paper 3708.T | Japan | $494M | +34% | 0% | 5% | 1.1× | 8.5% | +4.5% |
| Zhangjiagang Freetrade Science & Technology 600794.SS | China | $533M | -17% | -35% | -32% | 5.7× | -9.2% | -21.8% |
| Shandong Chenming Paper 000488.SZ | China | $536M | -27% | 0% | -37% | 3.5× | n/a | n/a |
| Anhui Genuine New Materials 603429.SS | China | $539M | -33% | -37% | -46% | 24.2× | n/a | n/a |
| Zhejiang Rongsheng Environmental Protection Paper 603165.SS | China | $554M | -32% | +10% | 2% | 1.2× | n/a | n/a |
| Xiamen Anne 002235.SZ | China | $593M | -38% | +1% | -9% | 8.6× | n/a | n/a |