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Taiwan's leading e-commerce and TV-shopping retailer, selling general merchandise online and via cable shopping channels.
Taiwan's leading e-commerce and TV-shopping retailer, selling general merchandise online and via cable shopping channels.
Mostly buys goods and resells them on its site and TV channels, earning the retail margin and running its own delivery fleet and warehouses, which gives it faster delivery than third-party sellers; a marketplace of outside merchants adds commission income. It belongs to the Taiwan Mobile group.
In one line: Taiwan's QVC-meets-Amazon.
Moat: narrow (scale, brand, distribution). Leading share in Taiwan e-commerce plus an entrenched TV-shopping channel and delivery network.
Headquarters: Taipei, Taiwan · Founded: 2005
Size momo.com (8454.TW) is a Taiwan Consumer Discretionary company (Catalog/Specialty Distribution) with a market value of $1.79B, the 181st largest of 687 Taiwan companies the cockpit tracks. Shares closed at NT$223.50 on 6 Nov 2026.
Performance Over six months the shares gained 24.9%, against -0.3% for the median peer and -3.4% for the Taiwan market (cap-weighted) — 3rd highest of 21 in its peer set.
Growth Revenue grew 1.1% over the last twelve months (peer median -1.1%); the operating margin is 3.0% (peer median 11.2%).
Valuation It trades at 20.8× forward earnings against a peer median of 12.8× (most expensive of 16).
Price implies For today's price to make sense, revenue must grow about 2% a year for seven years (Req g). Recent delivered growth is +10%, so the hurdle is -8 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 24.7 points above its cost of capital (5.7% WACC).
Next results Next results expected around 18 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | NT$112B | NT$109B | NT$113B | NT$109B | NT$103B |
| Revenue growth | — | -3% | +3% | +6% | — |
| Gross profit | NT$11.1B | NT$9.63B | NT$10.3B | NT$10.3B | NT$10.0B |
| EBITDA | n/a | NT$4.65B | NT$5.50B | NT$5.43B | NT$5.18B |
| Net income | NT$2.78B | NT$2.99B | NT$3.45B | NT$3.63B | NT$3.43B |
| Free cash flow | n/a | NT$1.43B | NT$4.85B | NT$2.44B | NT$2.71B |
| Capital expenditure | n/a | NT$2.29B | NT$1.76B | NT$1.32B | NT$2.69B |
| Total debt | n/a | NT$2.47B | NT$3.29B | NT$3.62B | NT$1.63B |
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.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| momo.com 8454.TW | $1.79B | +25% | +1% | 3% | 20.8× | 1.9% |
| Sea Limited Sponsored ADR SE | $49.1B | -13% | +43% | 8% | 18.0× | 11.7% |
| Taiwan FamilyMart 5903.TWO | $1.23B | -4% | +7% | 2% | 23.4× | -2.4% |
| Coupang CPNG | $29.2B | -4% | +7% | -3% | 55.9× | n/a |
Peer set: Sector in the same market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 8454.TW | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -4.7% | -1.6% | 8th lowest of 21 |
| 6-month return | +24.9% | -0.3% | 3rd highest of 21 |
| Distance from 52-week high | -52.1% | -23.6% | lowest of 21 |
| Revenue growth (TTM) | +1.1% | -1.1% | 9th highest of 21 |
| Operating margin | 3.0% | 11.2% | 3rd lowest of 21 |
| Forward P/E | 20.8× | 12.8× | most expensive of 16 |
| Growth the price implies (Req g, 7 yrs) | 1.9% | -5.9% | 4th most demanding of 18 |
| Growth delivered (Del g) | +10.1% | +6.7% | 5th highest of 18 |
| Hurdle (Req g minus delivered) | -8.1 pp | -12.4 pp | 8th most demanding of 18 |
| ROIC minus cost of capital | +24.7 pp | +5.6 pp | 5th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| momo.com 8454.TW | Taiwan | $1.79B | +25% | +1% | 3% | 20.8× | 1.9% | +10.1% |
| Ruentex Industries 2915.TW | Taiwan | $1.72B | +23% | -25% | 10% | 6.9× | 48.3% | -2.4% |
| Tatung 2371.TW | Taiwan | $1.70B | -15% | +8% | 4% | 10.0× | n/a | n/a |
| Makalot Industrial 1477.TW | Taiwan | $1.59B | +1% | -2% | 14% | 12.8× | -8.0% | +6.7% |
| Feng Tay Enterprise 9910.TW | Taiwan | $2.08B | 0% | -4% | 7% | 15.0× | -5.9% | +3.9% |
| Sanyang Motor 2206.TW | Taiwan | $1.43B | +8% | -3% | 8% | n/a | 1.2% | +9.0% |
| Ruentex Development 9945.TW | Taiwan | $2.27B | +13% | +37% | 19% | n/a | -1.0% | +15.5% |
| Pou Chen 9904.TW | Taiwan | $2.29B | 0% | -7% | 3% | 7.3× | 5.9% | +0.1% |
| Tong Yang Industry 1319.TW | Taiwan | $1.35B | -1% | -12% | 15% | 10.9× | -5.9% | +7.7% |
| POYA International 5904.TWO | Taiwan | $2.38B | +65% | +13% | 17% | 18.7× | 0.7% | +7.6% |
| JSL Construction & Development 2540.TW | Taiwan | $1.25B | -14% | -35% | 3% | n/a | n/a | n/a |
| Eclat Textile 1476.TW | Taiwan | $2.88B | +3% | 0% | 20% | 13.7× | -8.9% | +6.2% |
| Lai Yih Footwear 6890.TW | Taiwan | $1.11B | -7% | -11% | 8% | 12.0× | n/a | n/a |
| Cheng Shin Rubber Ind 2105.TW | Taiwan | $2.95B | -3% | -1% | 9% | 20.3× | -9.3% | -1.2% |
| Fusheng Precision 6670.TW | Taiwan | $1.07B | -1% | +1% | 15% | 9.3× | -14.6% | +15.9% |
| Giant Manufacturing 9921.TW | Taiwan | $1.06B | +29% | -15% | 2% | 18.1× | 1.3% | -3.0% |
| Nien Made Enterprise 8464.TW | Taiwan | $3.08B | +1% | +4% | 35% | 13.3× | -8.3% | +4.2% |
| Johnson Health Tech 1736.TW | Taiwan | $1.01B | -12% | +8% | 8% | 8.5× | -8.0% | +13.9% |
| Wiselink 8932.TWO | Taiwan | $941M | -19% | +24% | 47% | n/a | 10.0% | +23.2% |
| Huaku Development 2548.TW | Taiwan | $928M | -21% | +331% | 22% | 19.9× | -18.6% | +10.0% |
| Far Eastern Department Stores 2903.TW | Taiwan | $910M | -5% | -1% | 13% | n/a | 0.5% | -1.8% |