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Taiwanese chemical maker producing acetate and related specialty chemical products.
Taiwanese chemical maker producing acetate and related specialty chemical products.
Moat: none
Headquarters: Taiwan
Size Jinan Acetate Chemical (4763.TW) is a Taiwan Materials company (Chemicals: Major Diversified) with a market value of $1.26B, the 232nd largest of 687 Taiwan companies the cockpit tracks. Shares closed at NT$42.10 on 6 Nov 2026.
Performance Over six months the shares fell 3.0%, against -28.4% for the median peer and -3.4% for the Taiwan market (cap-weighted) — 4th highest of 20 in its peer set.
Growth Revenue fell 36.3% over the last twelve months (peer median +4.7%); the operating margin is 46.4% (peer median 12.7%).
Valuation It trades at 7.3× forward earnings against a peer median of 21.1× (cheapest of 16).
Price implies For today's price to make sense, revenue must grow about -17% a year for seven years (Req g). Recent delivered growth is +41%, so the hurdle is -59 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 83.9 points above its cost of capital (5.0% WACC).
Next results Next results expected around 12 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | NT$10.8B | NT$13.2B | NT$15.7B | NT$11.0B | NT$4.27B |
| Revenue growth | — | -16% | +43% | +158% | — |
| Gross profit | NT$5.72B | NT$7.73B | NT$9.92B | NT$6.88B | NT$1.67B |
| EBITDA | NT$5.41B | NT$7.31B | NT$9.32B | NT$6.33B | NT$1.26B |
| Net income | NT$4.13B | NT$6.03B | NT$8.34B | NT$5.18B | NT$1.25B |
| Free cash flow | NT$2.12B | NT$3.20B | NT$5.94B | NT$5.94B | NT$967M |
| Capital expenditure | NT$414M | NT$492M | NT$2.29B | NT$463M | NT$650M |
| Total debt | NT$399,000 | NT$0 | NT$0 | NT$0 | NT$507M |
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 | 4763.TW | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -9.2% | -8.7% | 11th highest of 21 |
| 6-month return | -3.0% | -28.4% | 4th highest of 20 |
| Distance from 52-week high | -33.1% | -43.0% | 8th highest of 21 |
| Revenue growth (TTM) | -36.3% | +4.7% | lowest of 21 |
| Operating margin | 46.4% | 12.7% | highest of 21 |
| Forward P/E | 7.3× | 21.1× | cheapest of 16 |
| Growth the price implies (Req g, 7 yrs) | -17.4% | 15.7% | least demanding of 16 |
| Growth delivered (Del g) | +41.2% | +7.4% | 2nd highest of 16 |
| Hurdle (Req g minus delivered) | -58.7 pp | +1.7 pp | least demanding of 16 |
| ROIC minus cost of capital | +83.9 pp | -0.9 pp | highest of 21 |
| EV / EBITDA | 4.9× | 13.0× | cheapest of 11 |
| Net debt / EBITDA | -2.9× | 0.8× | least indebted of 11 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Jinan Acetate Chemical 4763.TW | Taiwan | $1.26B | -3% | -36% | 46% | 7.3× | -17.4% | +41.2% |
| Xinxiang Richful Lube Additive 300910.SZ | China | $1.26B | -38% | +12% | 16% | 11.6× | 0.6% | +32.5% |
| Lanxess LXS.DE | Germany | $1.27B | -30% | -10% | -1% | n/a | 17.9% | -1.5% |
| Hanchem 014680.KS | South Korea | $1.30B | -40% | +15% | 17% | 11.1× | 4.7% | +7.4% |
| CNSIG Inner Mongolia Chemical Industry 600328.SS | China | $1.21B | -32% | -20% | -7% | n/a | n/a | n/a |
| Hubei Jianghan New Materials 603281.SS | China | $1.20B | -30% | +8% | 17% | 20.5× | 4.8% | +6.3% |
| Nippon Soda 4041.T | Japan | $1.19B | -5% | -1% | 10% | 11.1× | 3.5% | +1.8% |
| China Resources Chemical Innovative Materials 301090.SZ | China | $1.35B | -33% | +4% | 1% | 19.2× | 21.4% | +1.1% |
| Isuspecialtychemical 457190.KS | South Korea | $1.36B | -49% | +14% | 3% | n/a | n/a | n/a |
| Shanghai Emperor of Cleaning Hi-Tech 603200.SS | China | $1.37B | -16% | +4% | -8% | n/a | n/a | n/a |
| Jiangsu Shuangxing Color Plastic New Materials 002585.SZ | China | $1.38B | +5% | -4% | -4% | 62.8× | 22.5% | +0.2% |
| Rianlon 300596.SZ | China | $1.39B | -7% | +11% | 11% | 14.7× | n/a | n/a |
| Privi Speciality Chemicals PRIVISCL.NS | India | $1.40B | -4% | +18% | 20% | 30.4× | 30.1% | +15.0% |
| Jilin Chemical Fibre Stock 000420.SZ | China | $1.42B | -25% | +11% | 5% | 154.0× | n/a | n/a |
| Dalian Bio-Chem 603360.SS | China | $1.05B | -55% | 0% | 16% | 23.5× | 9.5% | +18.4% |
| Victrex VCT.L | United Kingdom | $1.04B | +54% | -1% | 14% | 21.7× | 15.7% | +1.9% |
| Alzchem ACT0.DE | Germany | $1.56B | n/a | +5% | 16% | 20.9× | -1.1% | +8.2% |
| Caregen 214370.KS | South Korea | $1.01B | -73% | -8% | 24% | 22.6× | 35.2% | +3.8% |
| Jiangsu Zhengdan Chemical Industry 300641.SZ | China | $981M | -28% | -30% | 17% | n/a | 8.8% | +11.6% |
| Jubilant Ingrevia JUBLINGREA.NS | India | $966M | -24% | +15% | 10% | 21.1× | 27.3% | +44.9% |
| Fine Organic Industries FINEORG.NS | India | $1.64B | +9% | +13% | 20% | 33.4× | 26.7% | +15.7% |