Shiny Chemical Industrial Co (TPE:1773) Research & Development: NT$329 Mil (TTM As of Mar. 2026)


TPE:1773 Shiny Chemical Industrial Co Ltd TPE:1773
95 GF Score
Price NT$175.50
GF Value NT$144.60
Valuation Modestly Overvalued
! 4 Warning Signs
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What is Shiny Chemical Industrial Co Research & Development?

Shiny Chemical Industrial Co TPE:1773 -5.14% 95 Research & Development is NT$329 Mil as of Mar. 2026. GuruFocus rates TPE:1773 with a GF Score™ of 95/100 and a GF Value™ of NT$144.60 (Modestly Overvalued). The stock has 4 warning signs investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. Shiny Chemical Industrial Co's Research & Development for the three months ended in Mar. 2026 was NT$84 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Mar. 2026 was NT$329 Mil.

Shiny Chemical Industrial Co  (TPE:1773) Research & Development Explanation

If competitive advantage is created by a patent or tech advantage, at some point it will disappear.

High R&D usually dictates high SG&A which threatens the competitive advantage.

Shiny Chemical Industrial Co Research & Development Related Terms

Shiny Chemical Industrial Co Research & Development Historical Data

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The historical data trend for Shiny Chemical Industrial Co's Research & Development can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Shiny Chemical Industrial Co Research & Development Chart

Shiny Chemical Industrial Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Research & Development
Get a 7-Day Free Trial Premium Member Only Premium Member Only 243.47 260.88 269.22 301.30 317.05

Shiny Chemical Industrial Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Research & Development Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 72.23 76.13 80.80 87.89 83.94
TPE:1773
95GF Score
Shiny Chemical Industrial Co Ltd TPE:1773
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
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Shiny Chemical Industrial Co Research & Development Calculation

This is the expense the company spent on research and development.

Research & Development for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was NT$329 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Research & Development →
What does a Research & Development of NT$329 Mil mean?
Shiny Chemical Industrial Co (TPE:1773) has a Research & Development of NT$329 Mil as of Mar. 2026. Research and development expense is the total cost for research and development activities. View historical data on Shiny Chemical Industrial Co and its competitors.
Is Shiny Chemical Industrial Co's Research & Development too high?
Shiny Chemical Industrial Co's current Research & Development is NT$329 Mil. Overall, Shiny Chemical Industrial Co has a GF Score™ of 95/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Shiny Chemical Industrial Co's Research & Development compare to DOW?
Shiny Chemical Industrial Co's Research & Development of NT$329 Mil can be compared against companies in the Chemicals industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Research & Development for a Chemicals company?
A good Research & Development depends on the Chemicals industry context. However, Research & Development should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Research & Development mean?
A high Research & Development can signal that a stock is expensive relative to its fundamentals. Research and development expense is the total cost for research and development activities. View historical data on Shiny Chemical Industrial Co and its competitors. Shiny Chemical Industrial Co's current Research & Development is NT$329 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shiny Chemical Industrial Co stock overvalued right now?
Based on GuruFocus' analysis, Shiny Chemical Industrial Co (TPE:1773) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$144.60, compared to a current price of NT$175.50 — trading 21.4% above its estimated fair value. The current Research & Development is NT$329 Mil. Shiny Chemical Industrial Co's overall GF Score™ is 95/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Research & Development calculated?
Research & Development is calculated from a company's financial statements. For Shiny Chemical Industrial Co (TPE:1773), the current Research & Development is NT$329 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Shiny Chemical Industrial Co (TPE:1773) Overvalued in 2026?

Based on GuruFocus' analysis, Shiny Chemical Industrial Co stock appears to be overvalued. The current stock price of NT$175.50 is trading 21.4% above its estimated GF Value™ of NT$144.60. GuruFocus considers Shiny Chemical Industrial Co to be Modestly Overvalued.

Key valuation signals for TPE:1773:

  • Research & Development: NT$329 Mil
  • GF Value™: NT$144.60 vs. price of NT$175.50 (21.4% above fair value)
  • GF Score™: 95/100 with 4 warning signs

No single metric tells the full story. See the TPE:1773 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Shiny Chemical Industrial Co Business Description

Address No. 5, Yonggong 1st Road, Yongan District, Kaohsiung, TWN, 82841
Shiny Chemical Industrial Co Ltd is a Taiwan-based company predominantly engaged in the manufacturing and distribution of chemical solvent series products including N-Butyl Acetate, and N-Propyl Acetate, Propylene Glycol Monomethyl Ether Propionate and Methanol, and among others. Geographically, the company generates a majority of its revenue from Taiwan and the rest from South Korea, Vietnam, Thailand, China, and other markets.
95GF Score

Get the complete analysis for TPE:1773

Research & Development is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

NT$175.50
Price
NT$144.60
GF Value