FEAF
TWSE

1727 中華化

81.10 ▲ 0.60 (0.75%) Close · 2026-11-13 · TWSE
Ask about 1727
This is research, not a buy or sell recommendation. Robo-advice in Taiwan requires an FSC licence; FEAF analyses, explains and monitors, and the investor makes the decision. Judgement thresholds are working rules pending review by the team's finance members.

Plain-language summary of valuation, growth, profitability, balance sheet, and recent MOPS filings.

Your risk profile
Conclusion

Several watch-outs (4) and no clear strengths in the data reviewed.

Points to watch for a moderate profile: see the items marked above.

In plain words

Stock 1727 demonstrates weak profitability with a return on equity of 4.8% and a net margin of 4.4%, while trading at a high P/E ratio of 81.10 compared to the Chemicals median of 18.46. Annual revenue declined -5.5% in 2025 with a negative free cash flow of -434 NT$ million, despite revenue rising 44.6% year on year in Q3 2026. Furthermore, liabilities stand at 44.5% of total assets for Q3 2026, and the company has 2 verified alerts including a cash capital increase announcement on 2026-11-11. Overall, the available data highlights several watch-outs and no clear strengths. The final investment decision rests entirely with the investor.

Written by gemini-3.6-flash from the facts above; every number was checked against them.

Strengths

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Watch-outs

! P/E 81.10 is well above the Chemicals median of 18.46 (26 listed peers): priced richer than peers. source (Key Stats) →
! Revenue fell -5.5% in 2025; latest quarter Q3 2026: 44.6% year on year. source (Financials) →
! Return on equity 4.8% with a 4.4% net margin: weak profitability. source (Key Stats) →
! Free cash flow was negative in 2025: -434 NT$ million, so spending exceeded operating cash. source (Financials) →

What to check before deciding

?Why is it priced above its peers, and is that premium justified?
?Is the revenue decline temporary or structural?
?What would lift profitability, and how soon?
?What is the spending for, and when does it start paying back?

What the analysis found

! Valuation vs peers P/E 81.10 is well above the Chemicals median of 18.46 (26 listed peers): priced richer than peers. source →
! Growth Revenue fell -5.5% in 2025; latest quarter Q3 2026: 44.6% year on year. source →
! Profitability Return on equity 4.8% with a 4.4% net margin: weak profitability. source →
· Debt Liabilities are 44.5% of total assets (Q3 2026). source →
! Cash flow Free cash flow was negative in 2025: -434 NT$ million, so spending exceeded operating cash. source →
· Filings 2 verified alert(s); latest on 2026-11-11: 公告本公司現金增資認股基準日及相關事宜 (補充公告延長特定人股款繳納期間及調整代收 存款、專戶存儲款項機構簽約日期) source →
· Filings 1 filing(s) are held or rejected and wait for human review. source →