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← CockpitCompetitor Analysis › 8436.TWO TCI Co., Ltd.Open in the cockpit ↗

TCI Co., Ltd.8436.TWOCompetitor analysis, valuation and peers

Taiwan · TWD·Health Care›Pharmaceuticals: Other
Momentum weak 34
Mkt cap
$320M
US dollars, full cap
Free float
95%
of shares outstanding
$/day
$1.33M
20-day average traded
Fwd P/E
10.0×
forward earnings
ROIC−WACC
+9.7 pp
WACC 5.0%
Hurdle
-10 pp
Req g minus delivered
Next earnings
132 days
18 Mar 2027
Close · TWDNT$91.40
1D-3.4%
1W-6.6%
1M-12.5%
3M-19.5%
6M-23.8%
YTD-17.3%
1Y-19.8%
ATR %2.3%
52w lowhigh43.6% off high

What TCI does

No business profile yet.

TCI at a glance

Size TCI (8436.TWO) is a Taiwan Health Care company (Pharmaceuticals: Other) with a market value of $320M, the 626th largest of 687 Taiwan companies the cockpit tracks. Shares closed at NT$91.40 on 6 Nov 2026.

Performance Over six months the shares fell 23.8%, against -21.2% for the median peer and -3.4% for the Taiwan market (cap-weighted) — 8th lowest of 21 in its peer set.

Growth Revenue fell 2.4% over the last twelve months (peer median -3.0%); the operating margin is 18.4% (peer median 10.8%).

Valuation It trades at 10.0× forward earnings against a peer median of 16.9× (3rd cheapest of 8).

Price implies For today's price to make sense, revenue must grow about -13% a year for seven years (Req g). Recent delivered growth is -3%, so the hurdle is -10 pp: the price already allows for a slowdown.

Capital Return on invested capital runs 9.7 points above its cost of capital (5.0% WACC).

Next results Next results expected around 18 Mar 2027 (exchange calendar; dates can move).

Relative performance

809010011 May 202611 Aug 20266 Nov 2026Peer median 788436.TWO 77
Six months, rebased to 100: TCI against the median of its 20 peers (local-currency closes).

TCI financials

Reported figures in TWD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueNT$6.96BNT$6.99BNT$7.24BNT$8.02BNT$7.43B
Revenue growth—-3%-10%+8%—
Gross profitNT$3.17BNT$3.05BNT$3.14BNT$3.18BNT$3.07B
EBITDANT$1.83BNT$1.73BNT$1.63BNT$1.70BNT$1.65B
Net incomeNT$1.04BNT$955MNT$851MNT$896MNT$713M
Free cash flowNT$342MNT$349MNT$1.28BNT$1.57BNT$565M
Capital expenditureNT$1.19BNT$1.15BNT$209MNT$337MNT$402M
Total debtNT$2.30BNT$3.15BNT$1.82BNT$1.47BNT$2.29B

Quarterly statements and history in the cockpit →

TCI 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

-30%-20%-10%0%+10%-10%0%60310230051977801707BOI0028263174506036690024120026443015073002610775AVBP30015800256228773000393007916004888436.TWO6-month return →1-month return →
Up and to the right = strong over both horizons. TCI is the large dot.

Fundamentals: revenue growth against valuation

-20%-10%0%+10%+20%0×200×400×6031021707BOI30150730026128773007918436.TWORevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. TCI is the large dot.

Capital: growth delivered against growth the price implies

-20%0%+20%-20%0%20%6031023005191707BOI0028263174500024120026443015070025623007918436.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. TCI is the large dot.

TCI competitors and peer comparison

How TCI 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.

TCI against its 20 peers (data as of 6 Nov 2026)
Measure8436.TWOPeer medianRank in peer set
1-month return-12.5%-7.9%7th lowest of 21
6-month return-23.8%-21.2%8th lowest of 21
Distance from 52-week high-43.6%-38.2%8th lowest of 21
Revenue growth (TTM)-2.4%-3.0%10th highest of 19
Operating margin18.4%10.8%7th highest of 20
Forward P/E10.0×16.9×3rd cheapest of 8
Growth the price implies (Req g, 7 yrs)-13.0%2.4%3rd least demanding of 15
Growth delivered (Del g)-3.2%+6.5%lowest of 14
Hurdle (Req g minus delivered)-9.8 pp-0.9 pp4th least demanding of 14
ROIC minus cost of capital+9.7 pp-0.2 pp6th highest of 19
EV / EBITDA4.7×10.9×2nd cheapest of 5
Net debt / EBITDA-1.8×-3.1×4th least indebted of 7

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
TCI 8436.TWOTaiwan$320M-24%-2%18%10.0×-13.0%-3.2%
Weihai Baihe Biology Technological 603102.SSChina$314M-20%+18%14%17.6×-10.2%+9.6%
Zhejiang Xinguang Pharmaceutical 300519.SZChina$349M-11%+5%27%n/a5.2%-1.3%
Daiken Biomedical 7780.TWTaiwan$352M-24%n/a18%n/a0.3%n/a
Grape King Bio 1707.TWTaiwan$361M-28%-7%20%11.0×-18.9%+2.3%
Boiron BOI.PAFrance$391M-31%-2%5%9.7×-0.3%-0.5%
Tibet Aim Pharm 002826.SZChina$427M-23%+13%14%n/a1.3%+1.0%
Myung in Pharm 317450.KSSouth Korea$455M-24%+7%35%n/a-14.7%+8.9%
Lionco Pharmaceutical 603669.SSChina$581M+21%-6%-17%n/an/an/a
Hunan Hansen Pharmaceutical 002412.SZChina$582M+10%-4%21%n/a3.0%+7.0%
Lanzhou Foci Pharmaceutical 002644.SZChina$582M-9%+3%5%n/a24.3%+6.5%
Hangzhou Minsheng Healthcare 301507.SZChina$624M-21%+21%11%48.6×20.4%+12.1%
ABA Chemicals 300261.SZChina$641M-27%-16%-23%438.0×n/an/a
CK Life Sciences International (Holdings) 0775.HKHong Kong$644M-30%0%0%n/an/an/a
ArriVent BioPharma AVBPUnited States$673M-54%n/an/an/an/an/a
Shanxi Zhendong Pharmaceutical 300158.SZChina$713M-16%-28%-25%n/an/an/a
Brother Enterprises 002562.SZChina$716M-28%+8%4%n/a4.9%+13.5%
China Shineway Pharmaceutical 2877.HKHong Kong$719M-21%-18%25%7.2×n/an/a
Shanghai Kaibao Pharmaceutical 300039.SZChina$756M-17%-14%22%n/a1.8%+4.8%
Sirio Pharma 300791.SZChina$790M-12%-9%1%16.9×14.7%+15.6%
Tianjin Tianyao Pharmaceuticals 600488.SSChina$801M-14%-12%3%n/a3.6%-1.3%

Questions

Which companies are TCI's closest peers?
The cockpit's peer set: Weihai Baihe Biology Technological (603102.SS), Zhejiang Xinguang Pharmaceutical (300519.SZ), Daiken Biomedical (7780.TW), Grape King Bio (1707.TW), Boiron (BOI.PA), Tibet Aim Pharm (002826.SZ), Myung in Pharm (317450.KS), Lionco Pharmaceutical (603669.SS).
Is TCI expensive compared with its peers?
On forward p/e it trades at 10.0× against a peer median of 16.9×, 3rd cheapest of 8 in its peer set. For today's price to make sense, revenue must grow about -13% a year for seven years (Req g). Recent delivered growth is -3%, so the hurdle is -10 pp: the price already allows for a slowdown.
How has TCI stock performed?
Over six months to 6 Nov 2026 the shares returned -23.8% against -21.2% for the median peer; over one year -19.8%.

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.