Loading…
Supplier of specialty chemicals/materials to Taiwan's semiconductor and electronics industry; specifics not confirmed.
Supplier of specialty chemicals/materials to Taiwan's semiconductor and electronics industry; specifics not confirmed.
Moat: none
Headquarters: Taiwan
Size Taiwan Speciality Chemicals (4772.TWO) is a Taiwan Information Technology company (Semiconductors) with a market value of $862M, the 299th largest of 687 Taiwan companies the cockpit tracks. Shares closed at NT$193.00 on 6 Nov 2026.
Performance Over six months the shares fell 37.7%, against -14.9% for the median peer and -3.4% for the Taiwan market (cap-weighted) — 3rd lowest of 20 in its peer set.
Growth Revenue grew 163.7% over the last twelve months (peer median +6.3%); the operating margin is 40.2% (peer median -1.6%).
Valuation It trades at 26.2× forward earnings against a peer median of 15.4× (3rd most expensive of 8).
Price implies For today's price to make sense, revenue must grow about 11% a year for seven years (Req g). Recent delivered growth is +37%, so the hurdle is -26 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 21.2 points above its cost of capital (8.2% WACC).
Next results Next results expected around 24 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | NT$3.63B | NT$1.99B | NT$874M | NT$554M | NT$532M |
| Revenue growth | — | +128% | +58% | +4% | — |
| Gross profit | NT$1.97B | NT$1.03B | NT$454M | NT$200M | NT$254M |
| EBITDA | n/a | NT$971M | NT$457M | NT$257M | NT$325M |
| Net income | NT$949M | NT$620M | NT$386M | NT$156M | NT$208M |
| Free cash flow | n/a | NT$731M | NT$483M | NT$134M | NT$206M |
| Capital expenditure | n/a | NT$217M | NT$45.7M | NT$101M | NT$94.7M |
| Total debt | n/a | NT$2.09B | NT$0 | NT$112,000 | NT$301,000 |
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 | 4772.TWO | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -30.6% | -19.0% | 6th lowest of 21 |
| 6-month return | -37.7% | -14.9% | 3rd lowest of 20 |
| Distance from 52-week high | -51.3% | -42.8% | 6th lowest of 21 |
| Revenue growth (TTM) | +163.7% | +6.3% | 2nd highest of 21 |
| Operating margin | 40.2% | -1.6% | highest of 21 |
| Forward P/E | 26.2× | 15.4× | 3rd most expensive of 8 |
| Growth the price implies (Req g, 7 yrs) | 11.0% | 10.9% | 5th least demanding of 9 |
| Growth delivered (Del g) | +36.7% | +4.6% | highest of 9 |
| Hurdle (Req g minus delivered) | -25.7 pp | +1.8 pp | least demanding of 9 |
| ROIC minus cost of capital | +21.2 pp | -4.6 pp | highest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Taiwan Speciality Chemicals 4772.TWO | Taiwan | $862M | -38% | +164% | 40% | 26.2× | 11.0% | +36.7% |
| Episil-Precision 3016.TW | Taiwan | $865M | -10% | +30% | 14% | 35.7× | 40.5% | -0.7% |
| Netac Technology 300042.SZ | China | $872M | -44% | +103% | 10% | 33.0× | n/a | n/a |
| VIA Technologies 2388.TW | Taiwan | $874M | -35% | -3% | -12% | n/a | 17.9% | +8.0% |
| Arteris AIP | United States | $875M | -44% | +34% | -44% | n/a | 55.4% | +17.3% |
| United Renewable Energy 3576.TW | Taiwan | $876M | +15% | -43% | -62% | n/a | n/a | n/a |
| Shenzhen Baoming Technology 002992.SZ | China | $887M | -38% | -20% | -1% | n/a | n/a | n/a |
| Smarter Microelectronics (Guangzhou) 688512.SS | China | $835M | -11% | +43% | -30% | n/a | n/a | n/a |
| Etron Technology 5351.TWO | Taiwan | $835M | +13% | +246% | 21% | n/a | 3.3% | +2.6% |
| Sitronix Technology 8016.TW | Taiwan | $894M | +5% | +18% | 13% | 15.4× | -9.1% | +6.6% |
| Zhejiang Chenfeng Science and Technology 603685.SS | China | $896M | -28% | -14% | 4% | n/a | n/a | n/a |
| General Interface Solution (GIS) 6456.TW | Taiwan | $824M | 0% | -19% | -3% | n/a | n/a | n/a |
| Parade Technologies 4966.TWO | Taiwan | $915M | -31% | -3% | 14% | 13.2× | 3.8% | +1.6% |
| Hangzhou Star Shuaier Electric Appliance 002860.SZ | China | $810M | +16% | -14% | 7% | 24.6× | 19.8% | +18.4% |
| Everlight Electronics 2393.TW | Taiwan | $807M | -17% | -3% | 10% | 13.3× | -11.7% | -1.9% |
| Wuxi ETEK Microelectronics 688601.SS | China | $799M | -25% | +15% | -5% | 14.3× | n/a | n/a |
| Henan Ancai Hi-Tech 600207.SS | China | $797M | -13% | -41% | -39% | n/a | n/a | n/a |
| Ambiq Micro AMBQ | United States | $933M | -13% | +32% | -43% | n/a | n/a | n/a |
| Crealights Technology 1191.HK | Hong Kong | $790M | n/a | +42% | -7% | n/a | n/a | n/a |
| Dioo Microcircuits Co., Ltd. Jiangsu 688381.SS | China | $948M | -15% | -18% | -46% | n/a | n/a | n/a |
| Infotmic 000670.SZ | China | $782M | -18% | +38% | 2% | n/a | n/a | n/a |