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Employees: 1,061
Size International CSRC Investment (2104.TW) is a Taiwan Materials company (Chemicals: Specialty) with a market value of $290M, the 663rd largest of 687 Taiwan companies the cockpit tracks. Shares closed at NT$9.89 on 6 Nov 2026.
Performance Over six months the shares fell 5.4%, against -24.2% for the median peer and -3.4% for the Taiwan market (cap-weighted) — 3rd highest of 21 in its peer set.
Growth Revenue fell 19.8% over the last twelve months (peer median +3.7%); the operating margin is -19.8% (peer median 3.4%).
Valuation It trades at 0.9× enterprise value to sales against a peer median of 1.5× (3rd cheapest of 21).
Capital Return on invested capital runs 13.2 points below its cost of capital (5.0% WACC).
Next results Next results expected around 16 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | NT$13.8B | NT$15.3B | NT$17.3B | NT$17.9B | NT$23.4B |
| Revenue growth | — | -11% | -3% | -24% | — |
| Gross profit | -NT$1.54B | -NT$909M | NT$1.10B | NT$1.36B | NT$3.11B |
| EBITDA | -NT$1.39B | -NT$807M | NT$1.21B | NT$1.48B | NT$3.03B |
| Net income | -NT$4.91B | -NT$4.15B | -NT$2.71B | -NT$494M | NT$679M |
| Free cash flow | -NT$647M | -NT$542M | -NT$2.25B | NT$1.34B | -NT$2.88B |
| Capital expenditure | NT$1.20B | NT$1.32B | NT$995M | NT$1.05B | NT$3.21B |
| Total debt | NT$16.5B | NT$16.1B | NT$13.6B | NT$13.7B | NT$15.1B |
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 | 2104.TW | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -12.1% | -16.8% | 6th highest of 21 |
| 6-month return | -5.4% | -24.2% | 3rd highest of 21 |
| Distance from 52-week high | -33.2% | -45.9% | 4th highest of 21 |
| Revenue growth (TTM) | -19.8% | +3.7% | 2nd lowest of 21 |
| Operating margin | -19.8% | 3.4% | 2nd lowest of 21 |
| EV / Sales | 0.9× | 1.5× | 3rd cheapest of 21 |
| ROIC minus cost of capital | -13.2 pp | -6.7 pp | 4th lowest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| International CSRC Investment 2104.TW | Taiwan | $290M | -5% | -20% | -20% | 0.9× | n/a | n/a |
| Polyplex POLYPLEX.NS | India | $290M | -7% | +10% | 4% | 0.4× | 9.9% | +7.6% |
| Premier Explosives PREMEXPLN.NS | India | $290M | -9% | -27% | 3% | 7.8× | n/a | n/a |
| Rasa Industries,Ltd 4022.T | Japan | $298M | -44% | +13% | 13% | 1.0× | 6.4% | +10.5% |
| Liuzhou Chemical Industry 600423.SS | China | $299M | -19% | +3% | -15% | 10.7× | 38.2% | +5.2% |
| WONIK Materials 104830.KS | South Korea | $274M | -44% | +12% | 17% | 1.1× | -8.3% | +3.1% |
| Wuxi Honghui New Materials Technology 002802.SZ | China | $307M | -17% | +8% | 13% | 3.7× | 11.5% | -6.2% |
| PI Advanced Materials 178920.KS | South Korea | $307M | -45% | -2% | 22% | 1.6× | -9.5% | +0.1% |
| Shenzhen Tongyi Industry 300538.SZ | China | $307M | -31% | -16% | -2% | 1.0× | n/a | n/a |
| Suzhou Fushilai Pharmaceutical 301258.SZ | China | $313M | -21% | -15% | -13% | 2.7× | n/a | n/a |
| Yangfan New Materials (Zhejiang) 300637.SZ | China | $314M | -19% | +3% | 1% | 2.8× | 57.5% | +13.4% |
| Jiangmen Kanhoo Industry 300340.SZ | China | $318M | -31% | +20% | -7% | 1.2× | 51.6% | +4.7% |
| Trualt Bioenergy TRUALT.NS | India | $320M | -26% | -5% | 14% | 1.7× | n/a | n/a |
| Weifang Yaxing Chemical 600319.SS | China | $320M | -32% | -5% | -10% | 4.6× | n/a | n/a |
| Chung Hwa Chemical Industrial Works 1727.TW | Taiwan | $325M | -4% | +5% | 5% | 5.5× | n/a | n/a |
| Aekyung Chemical 161000.KS | South Korea | $326M | -41% | +3% | 2% | 0.6× | n/a | n/a |
| PCC Rokita Spolka Akcyjna PCR.WA | Poland | $327M | -7% | -6% | 3% | 1.0× | 16.1% | +4.1% |
| Anhui Annada Titanium Industry 002136.SZ | China | $327M | -33% | +12% | 2% | 1.3× | n/a | n/a |
| Guangdong Quanwei Technology 300716.SZ | China | $331M | +2% | +47% | -333% | 24.4× | n/a | n/a |
| Stella Chemifa 4109.T | Japan | $332M | -22% | +4% | 12% | 1.2× | 6.5% | +2.3% |
| Jiangsu HSC New Energy Materials 688353.SS | China | $332M | -35% | +153% | 39% | 1.1× | n/a | n/a |