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← CockpitCompetitor Analysis › 8937.TWO Her Chee Industrial Co., Ltd.Open in the cockpit ↗

Her Chee Industrial Co., Ltd.8937.TWOCompetitor analysis, valuation and peers

Taiwan · TWD·Consumer Discretionary›Motor Vehicles
Momentum neutral 44
Mkt cap
$314M
US dollars, full cap
Free float
77%
of shares outstanding
$/day
$51,262
20-day average traded
Fwd P/E
n/m
no positive forecast
ROIC−WACC
-8.7 pp
WACC 5.0%
Hurdle
n/a
no reverse DCF
Close · TWDNT$23.50
1D+4.2%
1W+1.5%
1M-6.8%
3M-1.3%
6M-36.4%
YTD-38.2%
1Y-42.9%
ATR %4.5%
52w lowhigh44.4% off high

What Her Chee Industrial does

Employees: 102

Her Chee Industrial at a glance

Size Her Chee Industrial (8937.TWO) is a Taiwan Consumer Discretionary company (Motor Vehicles) with a market value of $314M, the 635th largest of 687 Taiwan companies the cockpit tracks. Shares closed at NT$23.50 on 6 Nov 2026.

Performance Over six months the shares fell 36.4%, against -19.9% for the median peer and -3.4% for the Taiwan market (cap-weighted) — 2nd lowest of 21 in its peer set.

Growth Revenue grew 333.1% over the last twelve months (peer median -4.3%); the operating margin is -45.4% (peer median 1.5%).

Valuation It trades at 27.8× enterprise value to sales against a peer median of 1.1× (most expensive of 21).

Capital Return on invested capital runs 8.7 points below its cost of capital (5.0% WACC).

Relative performance

608010011 May 202611 Aug 20266 Nov 2026Peer median 798937.TWO 65
Six months, rebased to 100: Her Chee Industrial against the median of its 20 peers (local-currency closes).

Her Chee Industrial financials

Reported figures in TWD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueNT$429MNT$65.7MNT$132MNT$160MNT$212M
Revenue growth—-50%-18%-25%—
Gross profitNT$62.1M-NT$42.2M-NT$4.54MNT$12.2MNT$30.6M
EBITDA-NT$172M-NT$138M-NT$41.1M-NT$20.5M-NT$12.9M
Net incomeNT$26.2M-NT$74.0MNT$32.8MNT$51.8MNT$4.70M
Free cash flow-NT$4.56B-NT$3.34B-NT$382M-NT$53.0M-NT$76.0M
Capital expenditureNT$4.29BNT$3.13BNT$347MNT$64.6MNT$144M
Total debtNT$1.46BNT$565MNT$514MNT$558MNT$520M

Quarterly statements and history in the cockpit →

Her Chee Industrial 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%-20%-10%31620036206037871536SANDHAR530630099422275243600653000868000017AMLAOV300978MLR625899140025018937.TWO6-month return →1-month return →
Up and to the right = strong over both horizons. Her Chee Industrial is the large dot.

Fundamentals: revenue growth against valuation

0%+100%+200%+300%0×10×20×31620036206037871536SANDHAR22276006530000173009786008050025018937.TWORevenue growth (TTM) →EV / Sales →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Her Chee Industrial is the large dot.

Her Chee Industrial competitors and peer comparison

How Her Chee Industrial 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.

Her Chee Industrial against its 20 peers (data as of 6 Nov 2026)
Measure8937.TWOPeer medianRank in peer set
1-month return-6.8%-12.8%7th highest of 21
6-month return-36.4%-19.9%2nd lowest of 21
Distance from 52-week high-44.4%-44.1%10th lowest of 21
Revenue growth (TTM)+333.1%-4.3%highest of 21
Operating margin-45.4%1.5%2nd lowest of 21
EV / Sales27.8×1.1×most expensive of 21
ROIC minus cost of capital-8.7 pp-3.6 pp5th lowest of 21

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginEV / SalesReq gDelivered g
Her Chee Industrial 8937.TWOTaiwan$314M-36%+333%-45%27.8×n/an/a
United Alloy-Tech 3162.TWOTaiwan$317M-18%+26%1%1.5×n/an/a
KG Mobility 003620.KSSouth Korea$311M-52%+25%1%0.2×n/an/a
Jiangsu Xinri E-Vehicle 603787.SSChina$318M-23%-12%-3%0.5×n/an/a
Hota Industrial Manufacturing 1536.TWTaiwan$309M-35%-4%-12%4.6×23.8%-1.6%
Sandhar Technologies SANDHAR.NSIndia$305M-9%+27%5%0.6×n/an/a
KMC (Kuei Meng) International 5306.TWTaiwan$325M+6%-2%22%2.0×-8.8%-5.3%
Joy Kie 300994.SZChina$345M-29%-3%2%0.6×9.9%+8.0%
Yulon Nissan Motor 2227.TWTaiwan$379M-21%-24%-5%0.5×n/an/a
Eson Precision Ind 5243.TWTaiwan$382M-31%-11%10%0.8×-7.0%+4.1%
Liaoning Shenhua 600653.SSChina$450M-16%-42%-3%1.6×35.7%-11.9%
Anhui Ankai Automobile 000868.SZChina$468M-26%-1%-4%1.1×n/an/a
Shenzhen China Bicycle Company (Holdings) 000017.SZChina$469M-1%-39%6%5.8×31.4%+44.2%
Aston Martin Lagonda Global AML.LUnited Kingdom$474M-26%0%-12%1.3×n/an/a
Amotiv AOV.AXAustralia$476M-19%+3%16%1.1×-4.7%+13.0%
WINBO-Dongjian Automotive Technology 300978.SZChina$522M-24%-8%11%1.7×2.2%+6.7%
Miller Industries MLRUnited States$526M-4%-21%3%0.6×4.0%+3.9%
Jiangsu Yueda Investment 600805.SSChina$559M-17%-4%0%2.9×n/an/a
Hirata 6258.TJapan$564M-14%+9%11%0.9×4.1%+7.8%
Merida Industry 9914.TWTaiwan$573M+9%-16%6%0.8×-4.9%-0.3%
Jilin Liyuan Precision Manufacturing 002501.SZChina$591M-25%-9%-55%15.7×n/an/a

Questions

Which companies are Her Chee Industrial's closest peers?
The cockpit's peer set: United Alloy-Tech (3162.TWO), KG Mobility (003620.KS), Jiangsu Xinri E-Vehicle (603787.SS), Hota Industrial Manufacturing (1536.TW), Sandhar Technologies (SANDHAR.NS), KMC (Kuei Meng) International (5306.TW), Joy Kie (300994.SZ), Yulon Nissan Motor (2227.TW).
Is Her Chee Industrial expensive compared with its peers?
On ev / sales it trades at 27.8× against a peer median of 1.1×, most expensive of 21 in its peer set.
How has Her Chee Industrial stock performed?
Over six months to 6 Nov 2026 the shares returned -36.4% against -19.9% for the median peer; over one year -42.9%.

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.