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Taiwanese maker of bottle caps and packaging materials (PET preforms, closures) for beverage and consumer-goods makers, with operations across Asia.
Taiwanese maker of bottle caps and packaging materials (PET preforms, closures) for beverage and consumer-goods makers, with operations across Asia.
In one line: A regional beverage-packaging supplier akin to a smaller Crown Holdings.
Moat: narrow (scale, customer qualification). Long-run supply relationships with regional beverage bottlers across Asia.
Headquarters: Taiwan
Size Taiwan Hon Chuan Enterprise (9939.TW) is a Taiwan Materials company (Containers/Packaging) with a market value of $1.07B, the 260th largest of 687 Taiwan companies the cockpit tracks. Shares closed at NT$119.50 on 6 Nov 2026.
Performance Over six months the shares gained 7.2%, against -10.5% for the median peer and -3.4% for the Taiwan market (cap-weighted) — 7th highest of 21 in its peer set.
Growth Revenue fell 0.1% over the last twelve months (peer median +2.3%); the operating margin is 14.5% (peer median 6.0%).
Valuation It trades at 10.2× forward earnings against a peer median of 18.0× (3rd cheapest of 18).
Capital Return on invested capital runs 3.7 points above its cost of capital (5.0% WACC).
Next results Next results expected around 17 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | NT$29.4B | NT$28.9B | NT$28.4B | NT$26.4B | NT$24.7B |
| Revenue growth | — | +2% | +8% | +7% | — |
| Gross profit | NT$6.82B | NT$6.19B | NT$6.01B | NT$5.41B | NT$4.91B |
| EBITDA | NT$6.83B | NT$6.31B | NT$6.07B | NT$5.52B | NT$5.11B |
| Net income | NT$3.25B | NT$2.69B | NT$2.83B | NT$2.47B | NT$2.22B |
| Free cash flow | -NT$757M | -NT$1.07B | -NT$1.17B | NT$1.66B | NT$372M |
| Capital expenditure | NT$5.44B | NT$6.65B | NT$5.28B | NT$3.48B | NT$3.49B |
| Total debt | NT$23.5B | NT$22.8B | NT$19.0B | NT$18.2B | NT$17.5B |
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 |
|---|---|---|---|---|---|---|
| Taiwan Hon Chuan Enterprise 9939.TW | $1.07B | +7% | 0% | 15% | 10.2× | n/a |
| Crown CCK | $13.1B | +20% | +14% | 12% | 13.9× | -4.7% |
| Amcor AMCR | $20.7B | +14% | +57% | 9% | n/a | 5.8% |
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 | 9939.TW | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -5.5% | -6.1% | 11th highest of 21 |
| 6-month return | +7.2% | -10.5% | 7th highest of 21 |
| Distance from 52-week high | -17.9% | -38.8% | 7th highest of 21 |
| Revenue growth (TTM) | -0.1% | +2.3% | 6th lowest of 21 |
| Operating margin | 14.5% | 6.0% | 2nd highest of 21 |
| Forward P/E | 10.2× | 18.0× | 3rd cheapest of 18 |
| ROIC minus cost of capital | +3.7 pp | -1.0 pp | 6th highest of 21 |
| EV / EBITDA | 8.0× | 7.1× | 3rd most expensive of 10 |
| Net debt / EBITDA | 2.7× | 2.2× | 5th most indebted of 10 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Taiwan Hon Chuan Enterprise 9939.TW | Taiwan | $1.07B | +7% | 0% | 15% | 10.2× | n/a | n/a |
| Suzhou Hycan 002787.SZ | China | $1.09B | -10% | 0% | 7% | 36.4× | n/a | n/a |
| Huangshan Novel 002014.SZ | China | $1.02B | +5% | +9% | 12% | 15.7× | n/a | n/a |
| Elopak ELO.OL | Norway | $1.01B | -11% | 0% | 9% | 11.8× | -8.3% | +7.7% |
| Zhejiang Great Shengda Packing 603687.SS | China | $995M | -30% | +1% | 3% | 32.6× | n/a | n/a |
| Cascades CAS.TO | Canada | $1.15B | +49% | +1% | 5% | 9.2× | -1.9% | +3.1% |
| Zhejiang Zhongxin Environmental Protection Technology 603091.SS | China | $991M | -20% | +31% | 22% | 14.5× | 7.8% | +4.4% |
| Fuji Seal International 7864.T | Japan | $1.18B | +38% | +4% | 9% | 10.8× | -9.5% | +5.9% |
| Xiamen Jihong 002803.SZ | China | $956M | -16% | +12% | 6% | 21.3× | 6.4% | +8.8% |
| Gerresheimer GXI.DE | Germany | $1.21B | +24% | +9% | -4% | 18.0× | 55.8% | +10.3% |
| Shenzhen Changhong Technology 300151.SZ | China | $1.23B | -12% | -1% | 6% | 59.9× | n/a | n/a |
| MYS 002303.SZ | China | $909M | +26% | +1% | 8% | 18.6× | 4.9% | +3.4% |
| Shenzhen Leaguer 002243.SZ | China | $1.27B | -18% | +5% | -3% | 19.9× | 44.6% | +1.6% |
| Guangzhou Fangbang Electronics 688020.SS | China | $900M | -51% | -2% | -28% | n/a | n/a | n/a |
| Time Technoplast TIMETECHNO.NS | India | $891M | -9% | +16% | 11% | 11.0× | n/a | n/a |
| Zhejiang Great Southeast 002263.SZ | China | $871M | -23% | +5% | -1% | n/a | 31.7% | -4.0% |
| Orora ORA.AX | Australia | $1.34B | +17% | +6% | 11% | 15.8× | 2.5% | -8.9% |
| Quzhou DFP New Material 601515.SS | China | $843M | -36% | +13% | -21% | n/a | n/a | n/a |
| TriMas TRS | United States | $1.37B | -10% | -33% | 5% | 19.1× | n/a | n/a |
| O-I Glass OI | United States | $796M | -44% | -2% | 9% | 10.1× | n/a | n/a |
| Cheng Loong 1904.TW | Taiwan | $788M | +34% | -3% | 6% | 61.8× | 3.9% | +1.4% |