Qualipoly Chemical Corp. Stocks

NT$ 181.5Last Updated 28.04.2026

Issuer Rating

2/7
Performance

Poor

Risk

Moderate

Recommendation

Sell

Market Cap

NT$ 576.34M

Buy
Review
Evaluation
Target price
Dynamics
Performance
Growth
Dividends
Risks
NT$ 181.5
Key Takeaways

Risk factor

Poor trading liquidity

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Profitability factor

Greatly overvalued vs peers

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Risks

  • Default risk
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  • Volatility
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  • Selling difficulty
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  • Stress test
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  • Country risks
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  • Other risks
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About

Qualipoly Chemical Corp. manufactures and supplies polyurethane resins, wire enamels, and insulating varnish. The company offers UV curable materials used in various applications, such as wood coatings, plastics and metal coatings, adhesives and lacquers for CD/DVD, over print varnishes, optical films, and additives for electronic/optical parts; and unsaturated polyester resins for use in FRPs, color pastes and gelcoats, fire retardants, castings, synthetic marbles, buttons, decorative panels, coatings and putties, SMC/BMCs, and ISO-type FRPs. It also provides coating resins comprising alkyd resins used in various applications, which include tinting colors, ink, white ready mixed paints, air-drying paints, baking paints, 2K and NC matted primers, acid-curing, marine primer, wrinkle finishes, paints on wood, plastic and glass, etc.; acrylic resins for use in baking paints on metal, acid-curing amino-alkyd paints on wood applications, etc.; and amino resins used in various applications consisting of paints on concrete, pints for road marking, printing inks, and coil pints, as well as varnishes/paints on paper, wood, plastic, and metal. In addition, the company offers foundry resins that are used as cement and adhesive, casting resin, coating, and impregnant; insulating varnishes used in the manufacture of transformers, and coil and enamel-insulated wires for insulating system in the electronic devices; and polyurethane rigid foam resins used to manufacture wood-imitation materials, soft floor, and fillers. Further, it provides PVAC and acrylic emulsion resins for application in papers, woods, floor tiles, PVC sheets, and furniture, as well as to manufacture tapes of general purpose, pressure sensitive adhesive, glues, and others; and fiber glass. The company markets its products in approximately 40 countries primarily the United States, European Union, Japan, and other markets under the Qualipoly and QualiCure brand names. The company was founded in 1978 and is headquartered in Kaohsiung, Taiwan.

Company Valuation

Greatly overvalued
1/7

Considering past and projected metrics, the stock is distinctly 'expensive' compared to its peers. In particular, the stock is overpriced on P/E, 'expensive' on EV/EBITD.

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Risks

  • Default risk
    Data is available to registered users only
  • Volatility
    Data is available to registered users only
  • Selling difficulty
    Data is available to registered users only
  • Stress test
    Data is available to registered users only
  • Country risks
    Data is available to registered users only
  • Other risks
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