Employees: 102
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).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | NT$429M | NT$65.7M | NT$132M | NT$160M | NT$212M |
| Revenue growth | — | -50% | -18% | -25% | — |
| Gross profit | NT$62.1M | -NT$42.2M | -NT$4.54M | NT$12.2M | NT$30.6M |
| EBITDA | -NT$172M | -NT$138M | -NT$41.1M | -NT$20.5M | -NT$12.9M |
| Net income | NT$26.2M | -NT$74.0M | NT$32.8M | NT$51.8M | NT$4.70M |
| Free cash flow | -NT$4.56B | -NT$3.34B | -NT$382M | -NT$53.0M | -NT$76.0M |
| Capital expenditure | NT$4.29B | NT$3.13B | NT$347M | NT$64.6M | NT$144M |
| Total debt | NT$1.46B | NT$565M | NT$514M | NT$558M | NT$520M |
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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 | 8937.TWO | Peer median | Rank 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 / Sales | 27.8× | 1.1× | most expensive of 21 |
| ROIC minus cost of capital | -8.7 pp | -3.6 pp | 5th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Her Chee Industrial 8937.TWO | Taiwan | $314M | -36% | +333% | -45% | 27.8× | n/a | n/a |
| United Alloy-Tech 3162.TWO | Taiwan | $317M | -18% | +26% | 1% | 1.5× | n/a | n/a |
| KG Mobility 003620.KS | South Korea | $311M | -52% | +25% | 1% | 0.2× | n/a | n/a |
| Jiangsu Xinri E-Vehicle 603787.SS | China | $318M | -23% | -12% | -3% | 0.5× | n/a | n/a |
| Hota Industrial Manufacturing 1536.TW | Taiwan | $309M | -35% | -4% | -12% | 4.6× | 23.8% | -1.6% |
| Sandhar Technologies SANDHAR.NS | India | $305M | -9% | +27% | 5% | 0.6× | n/a | n/a |
| KMC (Kuei Meng) International 5306.TW | Taiwan | $325M | +6% | -2% | 22% | 2.0× | -8.8% | -5.3% |
| Joy Kie 300994.SZ | China | $345M | -29% | -3% | 2% | 0.6× | 9.9% | +8.0% |
| Yulon Nissan Motor 2227.TW | Taiwan | $379M | -21% | -24% | -5% | 0.5× | n/a | n/a |
| Eson Precision Ind 5243.TW | Taiwan | $382M | -31% | -11% | 10% | 0.8× | -7.0% | +4.1% |
| Liaoning Shenhua 600653.SS | China | $450M | -16% | -42% | -3% | 1.6× | 35.7% | -11.9% |
| Anhui Ankai Automobile 000868.SZ | China | $468M | -26% | -1% | -4% | 1.1× | n/a | n/a |
| Shenzhen China Bicycle Company (Holdings) 000017.SZ | China | $469M | -1% | -39% | 6% | 5.8× | 31.4% | +44.2% |
| Aston Martin Lagonda Global AML.L | United Kingdom | $474M | -26% | 0% | -12% | 1.3× | n/a | n/a |
| Amotiv AOV.AX | Australia | $476M | -19% | +3% | 16% | 1.1× | -4.7% | +13.0% |
| WINBO-Dongjian Automotive Technology 300978.SZ | China | $522M | -24% | -8% | 11% | 1.7× | 2.2% | +6.7% |
| Miller Industries MLR | United States | $526M | -4% | -21% | 3% | 0.6× | 4.0% | +3.9% |
| Jiangsu Yueda Investment 600805.SS | China | $559M | -17% | -4% | 0% | 2.9× | n/a | n/a |
| Hirata 6258.T | Japan | $564M | -14% | +9% | 11% | 0.9× | 4.1% | +7.8% |
| Merida Industry 9914.TW | Taiwan | $573M | +9% | -16% | 6% | 0.8× | -4.9% | -0.3% |
| Jilin Liyuan Precision Manufacturing 002501.SZ | China | $591M | -25% | -9% | -55% | 15.7× | n/a | n/a |