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← CockpitCompetitor Analysis › 4123.TWO Center Laboratories, Inc.Open in the cockpit ↗

Center Laboratories, Inc.4123.TWOCompetitor analysis, valuation and peers

Taiwan · TWD·Health Care›Pharmaceuticals: Major
Momentum weak 31
Mkt cap
$676M
US dollars, full cap
Free float
78%
of shares outstanding
$/day
$1.06M
20-day average traded
Fwd P/E
n/m
no positive forecast
ROIC−WACC
-4.7 pp
WACC 5.0%
Hurdle
+35 pp
Req g minus delivered
Close · TWDNT$28.20
1D-2.4%
1W-1.2%
1M-8.6%
3M-24.7%
6M-27.9%
YTD-32.2%
1Y-16.6%
ATR %2.3%
52w lowhigh45.1% off high

What Center Laboratories does

No business profile yet.

Center Laboratories at a glance

Size Center Laboratories (4123.TWO) is a Taiwan Health Care company (Pharmaceuticals: Major) with a market value of $676M, the 350th largest of 687 Taiwan companies the cockpit tracks. Shares closed at NT$28.20 on 6 Nov 2026.

Performance Over six months the shares fell 27.9%, against -5.6% for the median peer and -3.4% for the Taiwan market (cap-weighted) — 3rd lowest of 21 in its peer set.

Growth Revenue grew 3.6% over the last twelve months (peer median +14.1%); the operating margin is 4.5% (peer median 9.9%).

Valuation It trades at 13.6× enterprise value to sales against a peer median of 2.5× (2nd most expensive of 17).

Price implies For today's price to make sense, revenue must grow about 51% a year for seven years (Req g). Recent delivered growth is +16%, 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 4.7 points below its cost of capital (5.0% WACC).

Relative performance

8010011 May 202611 Aug 20266 Nov 2026Peer median 944123.TWO 72
Six months, rebased to 100: Center Laboratories against the median of its 20 peers (local-currency closes).

Center Laboratories financials

Reported figures in TWD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueNT$1.66BNT$1.52BNT$1.62BNT$1.39BNT$768M
Revenue growth—-6%+16%+82%—
Gross profitNT$645MNT$552MNT$678MNT$618MNT$393M
EBITDANT$253MNT$257MNT$391MNT$221MNT$99.6M
Net incomeNT$1.02BNT$9.32B-NT$1.10B-NT$995MNT$102M
Free cash flowNT$254M-NT$21.1MNT$317M-NT$774MNT$226M
Capital expenditureNT$158MNT$208MNT$178MNT$172MNT$8.43M
Total debtNT$4.10BNT$4.70BNT$6.53BNT$5.62BNT$3.47B

Quarterly statements and history in the cockpit →

Center Laboratories competitor charts

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.

Performance: 6-month against 1-month return

-20%0%+20%-20%0%603998FDC4985301211NVCT4534IMMX300878688356000915SPARC0027932157300233ACHV300016SGMTPHIL6034394123.TWO6-month return →1-month return →
Up and to the right = strong over both horizons. Center Laboratories is the large dot.

Fundamentals: revenue growth against valuation

0%+1,000%+2,000%+3,000%0×10×20×603998FDC4985301211300878688356SPARC2157ZVRA3002333000164123.TWORevenue growth (TTM) →EV / Sales →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Center Laboratories is the large dot.

Capital: growth delivered against growth the price implies

-20%0%+20%+40%0%25%50%603998FDC4985688356002793ZVRA3002333000166034394123.TWOGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. Center Laboratories is the large dot.

Center Laboratories competitors and peer comparison

How Center Laboratories compares with its peers

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.

Center Laboratories against its 20 peers (data as of 6 Nov 2026)
Measure4123.TWOPeer medianRank in peer set
1-month return-8.6%-4.9%10th lowest of 21
6-month return-27.9%-5.6%3rd lowest of 21
Distance from 52-week high-45.1%-29.1%5th lowest of 21
Revenue growth (TTM)+3.6%+14.1%5th lowest of 17
Operating margin4.5%9.9%6th lowest of 17
EV / Sales13.6×2.5×2nd most expensive of 17
Growth the price implies (Req g, 7 yrs)50.8%1.1%most demanding of 10
Growth delivered (Del g)+16.2%+7.9%3rd highest of 10
Hurdle (Req g minus delivered)+34.7 pp+2.5 ppmost demanding of 10
ROIC minus cost of capital-4.7 pp-1.8 pp6th lowest of 15
EV / EBITDA89.4×8.2×most expensive of 8
Net debt / EBITDA1.0×-1.2×2nd most indebted of 8

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginEV / SalesReq gDelivered g
Center Laboratories 4123.TWOTaiwan$676M-28%+4%5%13.6×50.8%+16.2%
Hunan Fangsheng Pharmaceutical 603998.SSChina$678M-6%+10%19%2.5×-2.4%+6.4%
FDC FDC.NSIndia$672M+4%+10%14%2.5×25.9%+10.3%
Earth 4985.TJapan$682M+6%+6%4%0.6×-2.5%-1.8%
Hubei Biocause Heilen Pharmaceutical 301211.SZChina$682M-5%+13%4%6.2×n/an/a
Nuvectis Pharma NVCTUnited States$683M+79%n/an/an/an/an/a
Mochida Pharmaceutical 4534.TJapan$683M-6%+15%9%0.7×n/an/a
Immix Biopharma IMMXUnited States$668M-17%n/an/an/an/an/a
Zhejiang Wecome Pharmaceutical 300878.SZChina$666M+10%+40%-65%19.0×n/an/a
Jenkem Technology 688356.SSChina$686M-23%+52%11%10.9×41.4%+11.2%
Shandong Wit Dyne Health 000915.SZChina$687M-33%-36%36%2.5×n/an/a
Sun Pharma Advanced Research SPARC.NSIndia$665M+16%+3,141%84%2.6×n/an/a
Luoxin Pharmaceuticals Group Stock 002793.SZChina$664M-26%-10%-9%2.2×0.3%-17.9%
Lepu Biopharma 2157.HKHong Kong$663M-45%+47%7%5.1×n/an/a
Zevra Therapeutics ZVRAUnited States$690M+4%+75%31%3.4×0.0%+51.6%
Shandong Jincheng Pharmaceutical 300233.SZChina$661M-25%+2%4%1.4×1.1%-1.6%
Achieve Life Sciences ACHVUnited States$692M+29%n/an/an/an/an/a
Beijing Beilu Pharmaceutical 300016.SZChina$692M-16%+23%11%3.2×10.3%+7.9%
Sagimet Biosciences SGMTUnited States$693M+28%n/an/an/an/an/a
Philogen PHIL.MIItaly$694M-7%+295%79%0.9×n/an/a
GuiZhou SanLi Pharmaceutical 603439.SSChina$657M-4%-6%5%2.9×23.2%+21.9%

Questions

Which companies are Center Laboratories's closest peers?
The cockpit's peer set: Hunan Fangsheng Pharmaceutical (603998.SS), FDC (FDC.NS), Earth (4985.T), Hubei Biocause Heilen Pharmaceutical (301211.SZ), Nuvectis Pharma (NVCT), Mochida Pharmaceutical (4534.T), Immix Biopharma (IMMX), Zhejiang Wecome Pharmaceutical (300878.SZ).
Is Center Laboratories expensive compared with its peers?
On ev / sales it trades at 13.6× against a peer median of 2.5×, 2nd most expensive of 17 in its peer set. For today's price to make sense, revenue must grow about 51% a year for seven years (Req g). Recent delivered growth is +16%, 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.
How has Center Laboratories stock performed?
Over six months to 6 Nov 2026 the shares returned -27.9% against -5.6% for the median peer; over one year -16.6%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.