View Future GrowthAsia Polymer 과거 순이익 실적과거 기준 점검 0/6Asia Polymer 의 수입은 연평균 -67%의 비율로 감소해 온 반면, Chemicals 산업은 연평균 1.7%의 비율로 감소했습니다. 매출은 연평균 9.8%의 비율로 감소해 왔습니다.핵심 정보-67.02%순이익 성장률-67.01%주당순이익(EPS) 성장률Chemicals 산업 성장률7.89%매출 성장률-9.80%자기자본이익률-8.41%순이익률-16.84%최근 순이익 업데이트31 Mar 2026최근 과거 실적 업데이트Reported Earnings • May 19First quarter 2026 earnings: EPS and revenues miss analyst expectationsFirst quarter 2026 results: NT$0.20 loss per share (improved from NT$0.40 loss in 1Q 2025). Revenue: NT$1.30b (down 15% from 1Q 2025). Net loss: NT$120.2m (loss narrowed 49% from 1Q 2025). Revenue missed analyst estimates by 3.9%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to stay flat during the next 2 years compared to a 8.8% growth forecast for the Chemicals industry in Taiwan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 84 percentage points per year, which is a significant difference in performance.Reported Earnings • Mar 17Full year 2025 earnings released: NT$1.76 loss per share (vs NT$1.26 loss in FY 2024)Full year 2025 results: NT$1.76 loss per share (further deteriorated from NT$1.26 loss in FY 2024). Revenue: NT$5.74b (down 4.8% from FY 2024). Net loss: NT$1.04b (loss widened 39% from FY 2024). Revenue is expected to decline by 2.6% p.a. on average during the next 2 years, while revenues in the Chemicals industry in Taiwan are expected to grow by 8.3%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 96 percentage points per year, which is a significant difference in performance.Reported Earnings • Nov 17Third quarter 2025 earnings: EPS and revenues exceed analyst expectationsThird quarter 2025 results: NT$0.26 loss per share (improved from NT$0.36 loss in 3Q 2024). Revenue: NT$1.47b (up 3.1% from 3Q 2024). Net loss: NT$152.8m (loss narrowed 29% from 3Q 2024). Revenue exceeded analyst estimates by 8.3%. Earnings per share (EPS) also surpassed analyst estimates by 28%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 101 percentage points per year, which is a significant difference in performance.Reported Earnings • Aug 14Second quarter 2025 earnings: EPS and revenues miss analyst expectationsSecond quarter 2025 results: NT$0.50 loss per share (further deteriorated from NT$0.12 loss in 2Q 2024). Revenue: NT$1.34b (down 10% from 2Q 2024). Net loss: NT$296.2m (loss widened 312% from 2Q 2024). Revenue missed analyst estimates by 16%. Earnings per share (EPS) also missed analyst estimates by 117%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 99 percentage points per year, which is a significant difference in performance.Reported Earnings • May 10First quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2025 results: NT$0.40 loss per share (further deteriorated from NT$0.32 loss in 1Q 2024). Revenue: NT$1.53b (down 1.7% from 1Q 2024). Net loss: NT$237.0m (loss widened 26% from 1Q 2024). Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) missed analyst estimates by 29%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 92 percentage points per year, which is a significant difference in performance.공시 • Apr 27Asia Polymer Corporation to Report Q1, 2025 Results on May 05, 2025Asia Polymer Corporation announced that they will report Q1, 2025 results on May 05, 2025모든 업데이트 보기Recent updatesReported Earnings • May 19First quarter 2026 earnings: EPS and revenues miss analyst expectationsFirst quarter 2026 results: NT$0.20 loss per share (improved from NT$0.40 loss in 1Q 2025). Revenue: NT$1.30b (down 15% from 1Q 2025). Net loss: NT$120.2m (loss narrowed 49% from 1Q 2025). Revenue missed analyst estimates by 3.9%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to stay flat during the next 2 years compared to a 8.8% growth forecast for the Chemicals industry in Taiwan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 84 percentage points per year, which is a significant difference in performance.New Risk • Mar 23New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 8.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 61% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (8.4% average weekly change).New Risk • Mar 17New major risk - Revenue and earnings growthEarnings have declined by 61% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company.Reported Earnings • Mar 17Full year 2025 earnings released: NT$1.76 loss per share (vs NT$1.26 loss in FY 2024)Full year 2025 results: NT$1.76 loss per share (further deteriorated from NT$1.26 loss in FY 2024). Revenue: NT$5.74b (down 4.8% from FY 2024). Net loss: NT$1.04b (loss widened 39% from FY 2024). Revenue is expected to decline by 2.6% p.a. on average during the next 2 years, while revenues in the Chemicals industry in Taiwan are expected to grow by 8.3%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 96 percentage points per year, which is a significant difference in performance.공시 • Mar 11Asia Polymer Corporation, Annual General Meeting, May 28, 2026Asia Polymer Corporation, Annual General Meeting, May 28, 2026, at 09:00 Taipei Standard Time. Location: no,33, szu wei 3rd rd., lingya district, kaohsiung city TaiwanNew Risk • Dec 15New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company.Reported Earnings • Nov 17Third quarter 2025 earnings: EPS and revenues exceed analyst expectationsThird quarter 2025 results: NT$0.26 loss per share (improved from NT$0.36 loss in 3Q 2024). Revenue: NT$1.47b (up 3.1% from 3Q 2024). Net loss: NT$152.8m (loss narrowed 29% from 3Q 2024). Revenue exceeded analyst estimates by 8.3%. Earnings per share (EPS) also surpassed analyst estimates by 28%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 101 percentage points per year, which is a significant difference in performance.Reported Earnings • Aug 14Second quarter 2025 earnings: EPS and revenues miss analyst expectationsSecond quarter 2025 results: NT$0.50 loss per share (further deteriorated from NT$0.12 loss in 2Q 2024). Revenue: NT$1.34b (down 10% from 2Q 2024). Net loss: NT$296.2m (loss widened 312% from 2Q 2024). Revenue missed analyst estimates by 16%. Earnings per share (EPS) also missed analyst estimates by 117%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 99 percentage points per year, which is a significant difference in performance.Upcoming Dividend • Jul 17Upcoming dividend of NT$0.25 per shareEligible shareholders must have bought the stock before 24 July 2025. Payment date: 21 August 2025. The company is not currently making a profit but it is cash flow positive. Trailing yield: 3.8%. Lower than top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (3.1%).Declared Dividend • Jun 04Dividend reduced to NT$0.25Dividend of NT$0.25 is 44% lower than last year. Ex-date: 24th July 2025 Payment date: 21st August 2025 Dividend yield will be 2.1%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased over the past 10 years. However, payments have been volatile during that time.공시 • May 29Asia Polymer Corporation Approves Cash Dividend for 2024Asia Polymer Corporation at the AGM held on May 28, 2025 ratified 2024 earnings distribution. Cash dividend of TWD 0.25 per share, total TWD 148,435,979.Reported Earnings • May 10First quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2025 results: NT$0.40 loss per share (further deteriorated from NT$0.32 loss in 1Q 2024). Revenue: NT$1.53b (down 1.7% from 1Q 2024). Net loss: NT$237.0m (loss widened 26% from 1Q 2024). Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) missed analyst estimates by 29%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 92 percentage points per year, which is a significant difference in performance.공시 • Apr 27Asia Polymer Corporation to Report Q1, 2025 Results on May 05, 2025Asia Polymer Corporation announced that they will report Q1, 2025 results on May 05, 2025Reported Earnings • Mar 14Full year 2024 earnings: EPS and revenues miss analyst expectationsFull year 2024 results: NT$1.26 loss per share (down from NT$0.20 profit in FY 2023). Revenue: NT$6.03b (down 10% from FY 2023). Net loss: NT$750.5m (down NT$866.8m from profit in FY 2023). Revenue missed analyst estimates by 2.4%. Earnings per share (EPS) also missed analyst estimates by 26%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 79 percentage points per year, which is a significant difference in performance.공시 • Mar 06+ 1 more updateAsia Polymer Corporation, Annual General Meeting, May 28, 2025Asia Polymer Corporation, Annual General Meeting, May 28, 2025, at 09:00 Taipei Standard Time. Location: 5 floor no,2, yuan shan rd., niaosong district, kaohsiung city Taiwan공시 • Feb 26Asia Polymer Corporation to Report Fiscal Year 2024 Results on Mar 05, 2025Asia Polymer Corporation announced that they will report fiscal year 2024 results on Mar 05, 2025New Risk • Jan 30New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Cash payout ratio: 152% Minor Risk Share price has been volatile over the past 3 months (6.1% average weekly change).분석 기사 • Dec 17These Return Metrics Don't Make Asia Polymer (TWSE:1308) Look Too StrongWhat financial metrics can indicate to us that a company is maturing or even in decline? Typically, we'll see the trend...Major Estimate Revision • Nov 29Consensus EPS estimates fall from profit to NT$1.00 lossThe consensus outlook for fiscal year 2024 has been updated. Forecast loss of -NT$1.00 per share in 2024, versus previous forecasts of NT$0.98 per share. Revenue forecast unchanged from NT$5.96b at last update. Chemicals industry in Taiwan expected to see average net income growth of 15% next year. Consensus price target of NT$21.70 unchanged from last update. Share price fell 5.8% to NT$16.10 over the past week.Reported Earnings • Nov 17Third quarter 2024 earnings: EPS and revenues miss analyst expectationsThird quarter 2024 results: NT$0.36 loss per share (down from NT$0.28 profit in 3Q 2023). Revenue: NT$1.42b (down 22% from 3Q 2023). Net loss: NT$214.7m (down 231% from profit in 3Q 2023). Revenue missed analyst estimates by 16%. Earnings per share (EPS) also missed analyst estimates. Revenue is forecast to grow 8.0% p.a. on average during the next 2 years, compared to a 5.0% growth forecast for the Chemicals industry in Taiwan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 69 percentage points per year, which is a significant difference in performance.분석 기사 • Nov 11Is Asia Polymer (TWSE:1308) A Risky Investment?The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...공시 • Oct 30Asia Polymer Corporation to Report Q3, 2024 Results on Nov 06, 2024Asia Polymer Corporation announced that they will report Q3, 2024 results on Nov 06, 2024Major Estimate Revision • Oct 24Consensus EPS estimates increase from loss to NT$0.98 profitThe consensus outlook for fiscal year 2024 has been updated. Forecast profits in 2024 with EPS up from -NT$0.29 to NT$0.98 per share. Revenue forecast unchanged from last update at NT$6.69b. Chemicals industry in Taiwan expected to see average net income growth of 28% next year. Consensus price target of NT$21.70 unchanged from last update. Share price fell 2.4% to NT$16.50 over the past week.분석 기사 • Sep 16Slowing Rates Of Return At Asia Polymer (TWSE:1308) Leave Little Room For ExcitementWhat trends should we look for it we want to identify stocks that can multiply in value over the long term? One common...Reported Earnings • Aug 14Second quarter 2024 earnings: EPS and revenues miss analyst expectationsSecond quarter 2024 results: NT$0.12 loss per share (down from NT$0.22 profit in 2Q 2023). Revenue: NT$1.49b (down 9.9% from 2Q 2023). Net loss: NT$71.9m (down 156% from profit in 2Q 2023). Revenue missed analyst estimates by 10%. Earnings per share (EPS) also missed analyst estimates. Revenue is forecast to grow 4.0% p.a. on average during the next 2 years, compared to a 4.9% growth forecast for the Chemicals industry in Taiwan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 54 percentage points per year, which is a significant difference in performance.공시 • Jul 27Asia Polymer Corporation to Report Q2, 2024 Results on Aug 05, 2024Asia Polymer Corporation announced that they will report Q2, 2024 results on Aug 05, 2024분석 기사 • Jul 22Asia Polymer (TWSE:1308) Has Announced That Its Dividend Will Be Reduced To NT$0.45Asia Polymer Corporation ( TWSE:1308 ) has announced that on 23rd of August, it will be paying a dividend ofNT$0.45...분석 기사 • Jul 18What Asia Polymer Corporation's (TWSE:1308) P/S Is Not Telling YouIt's not a stretch to say that Asia Polymer Corporation's ( TWSE:1308 ) price-to-sales (or "P/S") ratio of 1.8x right...Upcoming Dividend • Jul 18Upcoming dividend of NT$0.45 per shareEligible shareholders must have bought the stock before 25 July 2024. Payment date: 23 August 2024. The company is not currently making a profit and there are not enough cash flows to support it either. Trailing yield: 2.2%. Lower than top quartile of Taiwanese dividend payers (4.2%). In line with average of industry peers (2.2%).분석 기사 • Jun 09Asia Polymer's (TWSE:1308) Shareholders Will Receive A Smaller Dividend Than Last YearAsia Polymer Corporation ( TWSE:1308 ) has announced that on 23rd of August, it will be paying a dividend ofNT$0.45...Declared Dividend • Jun 08Dividend reduced to NT$0.45Dividend of NT$0.45 is 63% lower than last year. Ex-date: 25th July 2024 Payment date: 23rd August 2024 Dividend yield will be 2.5%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is well covered by cash flows (44% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments.공시 • May 31Asia Polymer Corporation Approves 2023 Cash DividendsAsia Polymer Corporation at its AGM held on May 30, 2024 approved 2023 cash dividends of TWD 0.45 per share or TWD 267,184,763.Reported Earnings • May 12First quarter 2024 earnings released: NT$0.32 loss per share (vs NT$0.042 loss in 1Q 2023)First quarter 2024 results: NT$0.32 loss per share (further deteriorated from NT$0.042 loss in 1Q 2023). Revenue: NT$1.56b (flat on 1Q 2023). Net loss: NT$187.7m (loss widened NT$162.6m from 1Q 2023). Revenue is forecast to grow 2.1% p.a. on average during the next 2 years, compared to a 6.1% growth forecast for the Chemicals industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.공시 • May 01Asia Polymer Corporation to Report Q1, 2024 Results on May 07, 2024Asia Polymer Corporation announced that they will report Q1, 2024 results on May 07, 2024Price Target Changed • Mar 26Price target decreased by 18% to NT$21.70Down from NT$26.50, the current price target is provided by 1 analyst. New target price is 12% above last closing price of NT$19.30. Stock is down 33% over the past year. The company is forecast to post earnings per share of NT$1.50 for next year compared to NT$0.20 last year.Major Estimate Revision • Mar 21Consensus EPS estimates increase by 53%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from NT$0.98 to NT$1.50. Revenue forecast unchanged at NT$6.71b. Net income forecast to grow 400% next year vs 23% growth forecast for Chemicals industry in Taiwan. Consensus price target of NT$25.00 unchanged from last update. Share price fell 2.5% to NT$19.65 over the past week.New Risk • Mar 15New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 125% Cash payout ratio: 158% Dividend yield: 6.0% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 125% Cash payout ratio: 158% Minor Risk Profit margins are more than 30% lower than last year (1.7% net profit margin).Reported Earnings • Mar 15Full year 2023 earnings: EPS misses analyst expectationsFull year 2023 results: EPS: NT$0.20 (down from NT$2.44 in FY 2022). Revenue: NT$6.72b (down 32% from FY 2022). Net income: NT$116.3m (down 92% from FY 2022). Profit margin: 1.7% (down from 15% in FY 2022). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 72%. Revenue is forecast to grow 2.1% p.a. on average during the next 2 years, compared to a 8.4% growth forecast for the Chemicals industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings.공시 • Mar 08Asia Polymer Corporation Proposes Dividend Distribution for the Year Ended December 31, 2023Asia Polymer Corporation proposed dividend distribution of TWD 0.45 per share for the year ended December 31, 2023. Date of the board of directors resolution: March 7, 2024. Total amount of cash distributed to shareholders TWD 267,184,763. Per value of common stock TWD 10.Major Estimate Revision • Nov 18Consensus EPS estimates fall by 41%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from NT$1.07 to NT$0.63 per share. Revenue forecast steady at NT$6.70b. Net income forecast to grow 13% next year vs 35% growth forecast for Chemicals industry in Taiwan. Consensus price target down from NT$30.08 to NT$27.33. Share price was steady at NT$23.60 over the past week.Price Target Changed • Nov 17Price target decreased by 13% to NT$27.33Down from NT$31.45, the current price target is an average from 2 analysts. New target price is 16% above last closing price of NT$23.60. Stock is down 11% over the past year. The company is forecast to post earnings per share of NT$0.63 for next year compared to NT$2.44 last year.Reported Earnings • Aug 11Second quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behindSecond quarter 2023 results: EPS: NT$0.22 (down from NT$0.78 in 2Q 2022). Revenue: NT$1.66b (down 29% from 2Q 2022). Net income: NT$128.3m (down 72% from 2Q 2022). Profit margin: 7.7% (down from 20% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 5.0%. Earnings per share (EPS) exceeded analyst estimates by 16%. Revenue is expected to decline by 6.2% p.a. on average during the next 3 years, while revenues in the Chemicals industry in Taiwan are expected to grow by 5.1%. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 14% per year, which means it is tracking significantly ahead of earnings growth.공시 • Aug 03Asia Polymer Corporation Announces Internal Audit Officer ChangesAsia Polymer Corporation announced the change in internal audit officer. Name, title, and resume of the previous position holder: Jia-Hui Lin, internal audit officer of APC. Name, title, and resume of the new position holder: Chia-Fang Chuang, internal audit specialist of APC. Reason for the change: Position adjustment. Effective date: August 2, 2023.Upcoming Dividend • Jul 20Upcoming dividend of NT$1.20 per share at 4.5% yieldEligible shareholders must have bought the stock before 27 July 2023. Payment date: 25 August 2023. Payout ratio is a comfortable 60% and this is well supported by cash flows. Trailing yield: 4.5%. Lower than top quartile of Taiwanese dividend payers (5.5%). Higher than average of industry peers (3.7%).공시 • May 31Asia Polymer Corporation Approves Cash Dividends for 2022Asia Polymer Corporation approved cash dividends of TWD 1.2 per share for 2022,Total TWD 712,492,702, at its AGM held on May 30, 2023.Reported Earnings • Mar 15Full year 2022 earnings released: EPS: NT$2.44 (vs NT$5.22 in FY 2021)Full year 2022 results: EPS: NT$2.44 (down from NT$5.22 in FY 2021). Revenue: NT$9.82b (up 2.6% from FY 2021). Net income: NT$1.45b (down 53% from FY 2021). Profit margin: 15% (down from 32% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 34% per year whereas the company’s share price has increased by 33% per year.Board Change • Nov 16Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 7 experienced directors. 1 highly experienced director. 4 independent directors (5 non-independent directors). Independent Director Chien-Ping Chen was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Valuation Update With 7 Day Price Move • Oct 13Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to NT$23.55, the stock trades at a trailing P/E ratio of 6x. Average trailing P/E is 12x in the Chemicals industry in Taiwan. Total returns to shareholders of 97% over the past three years.Reported Earnings • Aug 14Second quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2022 results: EPS: NT$0.78 (down from NT$1.55 in 2Q 2021). Revenue: NT$2.35b (flat on 2Q 2021). Net income: NT$462.2m (down 50% from 2Q 2021). Profit margin: 20% (down from 40% in 2Q 2021). Revenue exceeded analyst estimates by 4.5%. Earnings per share (EPS) missed analyst estimates by 34%. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth.Buying Opportunity • Jul 28Now 24% undervalued after recent price dropOver the last 90 days, the stock is down 29%. The fair value is estimated to be NT$33.90, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 66%.Upcoming Dividend • Jul 21Upcoming dividend of NT$3.00 per shareEligible shareholders must have bought the stock before 28 July 2022. Payment date: 31 August 2022. Payout ratio is a comfortable 64% and this is well supported by cash flows. Trailing yield: 10%. Within top quartile of Taiwanese dividend payers (6.7%). Higher than average of industry peers (8.2%).Price Target Changed • Jul 19Price target decreased to NT$40.00Down from NT$52.50, the current price target is provided by 1 analyst. New target price is 39% above last closing price of NT$28.75. Stock is down 21% over the past year. The company is forecast to post earnings per share of NT$3.02 for next year compared to NT$5.22 last year.Board Change • Jul 19Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 7 experienced directors. 1 highly experienced director. 4 independent directors (5 non-independent directors). Independent Director Chien-Ping Chen was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.공시 • Jun 03Asia Polymer Corporation Announces the Members of the 5th -Term Remuneration CommitteeAsia Polymer Corporation announced the members of the 5th term remuneration committee. Name of the functional committees: Remuneration Committee. Name of the previous position holder: Chen, Da-Xiong, Shen, Shang-Hong Zheng, Dun-Qian. Resume of the previous position holder: Chen, Da-Xiong: Honorary Chairman of Pershing Technology Services Corp., Shen, Shang-Hong: Chairman of Ta Ya Electric Wire & Cable Co. Ltd., Zheng, Dun-Qian: Chairman of TGVest Capital Inc. Name of the new position holder: Chen, Da-Xiong, Shen, Shang-Hong and Zheng, Dun-Qian. Resume of the new position holder: Chen, Da-Xiong, Honorary Chairman of Pershing Technology Services Corp., Shen, Shang-Hong, Chairman of Ta Ya Electric Wire & Cable Co. Ltd. and Zheng, Dun-Qian, Chairman of TGVest Capital Inc. Reason for the change: Newly appointed by Board of Directors. Effective date of the new member: June 2, 2022.공시 • May 29+ 1 more updateAsia Polymer Corporation Announces Management ChangesAsia Polymer Corporation announced newly-elected directors (Independent Directors). Elected or changed position (Please enter institutional director, institutional supervisor, independent director, natural-person director or natural-person supervisor):@institutional director and independent director. Title and name of the previous position holder: Mr. Wu, Yi-Gui(Director/Union Polymer International Investment Corporation Representative), Mr. Li, Guo-Hong(Director/Union Polymer International Investment Corporation Representative), Mr. Wu, Pei-Ji(Director/Union Polymer International Investment Corporation Representative), Mr. Liu, Han-Tai(Director/Union Polymer International Investment Corporation Representative), Mr. Wu, Hong-Chu(Director/Union Polymer International Investment Corporation Representative), Mr. Ke, Yi-Shao(Director/Taiwan Union Polymer International Investment Corporation Representative), Mr. Chen, Da-Xiong(Independent Director), Mr. Shen, Shang-Hong(Independent Director),Mr. Zheng, Dun-Qian(Independent Director). Resume of the previous position holder: Mr. Wu, Yi-Gui/Chairman, USI Corporation Mr. Li, Guo-Hong/Director, Asia Polymer Corporation Mr. Wu, Pei-Ji/Director& General Manager, Asia Polymer Corporation Mr. Liu, Han-Tai/Director, Asia Polymer Corporation Mr. Wu, Hong-Chu/Director, Asia Polymer Corporation Mr. Ke, Yi-Shao/Director& General Manager, UPC Technology Corporation Mr. Chen, Da-Xiong/Honorary Chairman, Pershing Technology Services Corp. Mr. Shen, Shang-Hong/Chairman, Ta Ya Electric Wire & Cable Co. Ltd. Mr. Zheng, Dun-Qian/Chairman, TGVest Capital Inc. Title and name of the new position holder: Mr. Wu, Yi-Gui(Director/Union Polymer International Investment Corporation Representative), Mr. Li, Guo-Hong(Director/Union Polymer International Investment Corporation Representative), Mr. Wu, Pei-Ji(Director/USIFE Investment Co. Ltd. Representative), Mr. Wu, Hong-Chu(Director/USIFE Investment Co. Ltd. Representative), Mr. Ke, Yi-Shao(Director/Taiwan Union Polymer International Investment Corporation Representative), Mr. Chen, Da-Xiong(Independent Director), Mr. Shen, Shang-Hong(Independent Director), Mr. Zheng, Dun-Qian(Independent Director), Mr. Chen, Chien-Ping(Independent Director). Resume of the new position holder: Mr. Wu, Yi-Gui/Chairman, USI Corporation Mr. Li, Guo-Hong/Director, Asia Polymer Corporation Mr. Wu, Pei-Ji/Director& General Manager, Asia Polymer Corporation Mr. Wu, Hong-Chu/Director, Asia Polymer Corporation Mr. Ke, Yi-Shao/Director& General Manager, UPC Technology Corporation Mr. Chen, Da-Xiong/Honorary Chairman, Pershing Technology Services Corp. Mr. Shen, Shang-Hong/Chairman, Ta Ya Electric Wire & Cable Co. Ltd. Mr. Zheng, Dun-Qian/Chairman, TGVest Capital Inc. Mr. Chen, Chien-Ping/Chairman, Ta Chong Commercial Bank Co. Ltd. Effective date of the new appointment: May 27, 2022.공시 • Apr 20Asia Polymer Corporation Receives Approval to Resume Work at No.2 Process in the MillAsia Polymer Corporation announced that the No.2 process in the mill was approved to resume work. The No. 2 process in the mill was approved by the Kaohsiung labor standards inspection office to resume work on April 19, 2022 and restored to full production from now on.공시 • Apr 03Asia Polymer Corporation Announces No.2 Process to Suspended for ImprovementAsia Polymer Corporation announced that operation Pressure of the reactor was too high on the NO.2 process in the mill, causing the safety rupture of the reactor to burst and produce thick smoke. After the inspection of factory by Kaohsiung Labor Inspection Division for this event, it was determined that there is a risk of occupational accidents. The Kaohsiung Labor Inspectorate demanded the suspension of work and improvement for the NO.2 process in accordance with the Article 36 of the Occupational Safety and Health Law. After confirming that the cause of the suspension of work is eliminated, submit the resumption plan to the labor inspection office to resume work after review and approval. The factory still has inventory temporarily, and other production lines will be deployed to respond.Reported Earnings • Mar 17Full year 2021 earnings: EPS exceeds analyst expectationsFull year 2021 results: EPS: NT$5.22 (up from NT$1.86 in FY 2020). Revenue: NT$9.57b (up 68% from FY 2020). Net income: NT$3.10b (up 181% from FY 2020). Profit margin: 32% (up from 19% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.2%. Over the next year, revenue is expected to shrink by 8.5% compared to a 2.2% decline forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has only increased by 42% per year, which means it is significantly lagging earnings growth.Price Target Changed • Dec 10Price target decreased to NT$52.50Down from NT$56.75, the current price target is provided by 1 analyst. New target price is 42% above last closing price of NT$36.95. Stock is up 95% over the past year. The company is forecast to post earnings per share of NT$4.81 for next year compared to NT$1.86 last year.Reported Earnings • Nov 13Third quarter 2021 earnings released: EPS NT$1.15 (vs NT$0.32 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$2.46b (up 88% from 3Q 2020). Net income: NT$680.9m (up 255% from 3Q 2020). Profit margin: 28% (up from 15% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has only increased by 44% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Oct 14Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to NT$41.55, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 12x in the Chemicals industry in Taiwan. Total returns to shareholders of 240% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$21.31 per share.Price Target Changed • Oct 05Price target increased to NT$53.95Up from NT$45.05, the current price target is an average from 2 analysts. New target price is 15% above last closing price of NT$47.05. Stock is up 166% over the past year.Valuation Update With 7 Day Price Move • Sep 16Investor sentiment improved over the past weekAfter last week's 19% share price gain to NT$42.65, the stock trades at a trailing P/E ratio of 11.4x. Average forward P/E is 13x in the Chemicals industry in Taiwan. Total returns to shareholders of 202% over the past three years.Upcoming Dividend • Aug 26Upcoming dividend of NT$1.20 per shareEligible shareholders must have bought the stock before 02 September 2021. Payment date: 07 October 2021. Trailing yield: 3.3%. Lower than top quartile of Taiwanese dividend payers (5.2%). Higher than average of industry peers (2.9%).Reported Earnings • Aug 13Second quarter 2021 earnings released: EPS NT$1.59 (vs NT$0.38 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$2.34b (up 72% from 2Q 2020). Net income: NT$922.9m (up 317% from 2Q 2020). Profit margin: 40% (up from 16% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth.Price Target Changed • Jul 09Price target increased to NT$45.00Up from NT$35.00, the current price target is provided by 1 analyst. New target price is 19% above last closing price of NT$37.70. Stock is up 105% over the past year.Valuation Update With 7 Day Price Move • Jul 05Investor sentiment improved over the past weekAfter last week's 16% share price gain to NT$38.50, the stock trades at a trailing P/E ratio of 14.8x. Average forward P/E is 14x in the Chemicals industry in Taiwan. Total returns to shareholders of 163% over the past three years.Valuation Update With 7 Day Price Move • Jun 03Investor sentiment improved over the past weekAfter last week's 16% share price gain to NT$33.80, the stock trades at a trailing P/E ratio of 13x. Average forward P/E is 14x in the Chemicals industry in Taiwan. Total returns to shareholders of 126% over the past three years.Reported Earnings • May 15First quarter 2021 earnings released: EPS NT$0.95 (vs NT$0.25 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$1.85b (up 41% from 1Q 2020). Net income: NT$555.1m (up 279% from 1Q 2020). Profit margin: 30% (up from 11% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • May 02Investor sentiment improved over the past weekAfter last week's 18% share price gain to NT$35.00, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 15x in the Chemicals industry in Taiwan. Total returns to shareholders of 134% over the past three years.분석 기사 • Apr 20Asia Polymer (TPE:1308) Seems To Use Debt Rather SparinglyDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Valuation Update With 7 Day Price Move • Apr 17Investor sentiment improved over the past weekAfter last week's 23% share price gain to NT$31.75, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 15x in the Chemicals industry in Taiwan. Total returns to shareholders of 113% over the past three years.Reported Earnings • Mar 18Full year 2020 earnings released: EPS NT$1.90 (vs NT$1.41 in FY 2019)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: NT$5.70b (down 16% from FY 2019). Net income: NT$1.10b (up 34% from FY 2019). Profit margin: 19% (up from 12% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.분석 기사 • Mar 06What Do The Returns At Asia Polymer (TPE:1308) Mean Going Forward?There are a few key trends to look for if we want to identify the next multi-bagger. One common approach is to try and...공시 • Mar 06Asia Polymer Corporation, Annual General Meeting, Jun 11, 2021Asia Polymer Corporation, Annual General Meeting, Jun 11, 2021, at 09:00 Taipei Standard Time. Location: 5F., No.2, Yuanshan Rd., Niaosong Dist., Kaohsiung City, Taiwan (R.O.C.) The Kaohsiung Grand Hotel,Po Shou Hall Kaohsiung City Taiwan Agenda: To report 2020 Operating results; to report Audit Committee's Review Reports of 2020 Financial Statement; to report 2020 remuneration of directors and employees; to ratify 2020 Business Report and Financial Statements; to ratify 2020 Earnings Distribution; to approve the capitalization on part of dividends; to approve the amendment to the Parliamentary Rules for Shareholders' Meetings; to approve the permission of directors for competitive actions.Is New 90 Day High Low • Feb 23New 90-day high: NT$22.30The company is up 15% from its price of NT$19.45 on 25 November 2020. The Taiwanese market is up 18% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Chemicals industry, which is up 8.0% over the same period.분석 기사 • Feb 16Should Asia Polymer Corporation (TPE:1308) Be Part Of Your Dividend Portfolio?Today we'll take a closer look at Asia Polymer Corporation ( TPE:1308 ) from a dividend investor's perspective. Owning...Major Estimate Revision • Feb 02Analysts update estimatesThe 2020 consensus earning per share (EPS) estimate increased from NT$0.96 to NT$1.55. No change was made to the revenue estimate which at the last update was NT$5.82b. Net income is expected to grow by 51% next year compared to 60% growth forecast for the Chemicals industry in Taiwan. The consensus price target of NT$24.90 was unchanged from the last update. Share price is up 6.6% to NT$20.10 over the past week.분석 기사 • Feb 01Should Asia Polymer (TPE:1308) Be Disappointed With Their 45% Profit?If you want to compound wealth in the stock market, you can do so by buying an index fund. But one can do better than...분석 기사 • Jan 17Asia Polymer (TPE:1308) Could Easily Take On More DebtHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...분석 기사 • Jan 02Do Its Financials Have Any Role To Play In Driving Asia Polymer Corporation's (TPE:1308) Stock Up Recently?Asia Polymer's (TPE:1308) stock is up by a considerable 21% over the past three months. Given that stock prices are...Is New 90 Day High Low • Dec 22New 90-day high: NT$21.00The company is up 14% from its price of NT$18.35 on 23 September 2020. The Taiwanese market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 13% over the same period.분석 기사 • Dec 17Asia Polymer's (TPE:1308) Earnings Are Growing But Is There More To The Story?It might be old fashioned, but we really like to invest in companies that make a profit, each and every year. Having...분석 기사 • Dec 02We Like These Underlying Trends At Asia Polymer (TPE:1308)What are the early trends we should look for to identify a stock that could multiply in value over the long term...Reported Earnings • Nov 14Third quarter 2020 earnings released: EPS NT$0.33The company reported a soft third quarter result with weaker earnings and revenues, although profit margins were improved. Third quarter 2020 results: Revenue: NT$1.31b (down 20% from 3Q 2019). Net income: NT$192.0m (down 6.7% from 3Q 2019). Profit margin: 15% (up from 13% in 3Q 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.Analyst Estimate Surprise Post Earnings • Nov 14Earnings beat expectations, revenue disappointsRevenue missed analyst estimates by 6.8%. Earnings per share (EPS) exceeded analyst estimates by 1.9%.매출 및 비용 세부 내역Asia Polymer가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.순이익 및 매출 추이TWSE:1308 매출, 비용 및 순이익 (TWD Millions)날짜매출순이익일반관리비연구개발비31 Mar 265,511-928241031 Dec 255,743-1,045246030 Sep 255,894-962251030 Jun 255,850-1,024249131 Mar 256,004-800245331 Dec 246,031-750240430 Sep 246,156-626231530 Jun 246,545-247224631 Mar 246,709-46218631 Dec 236,717116216630 Sep 237,544570227730 Jun 238,554858233631 Mar 239,2431,191249631 Dec 229,8151,447279630 Sep 2210,2262,088292630 Jun 229,8672,316296631 Mar 229,8552,777292631 Dec 219,5663,101272630 Sep 218,3702,703248630 Jun 217,2202,214229631 Mar 216,2421,512217631 Dec 205,7041,104201530 Sep 205,736834206530 Jun 206,068848218531 Mar 206,395831229531 Dec 196,791821232530 Sep 196,927570229530 Jun 196,809467220531 Mar 196,759341215531 Dec 186,375287207530 Sep 186,085354208530 Jun 186,269402212631 Mar 186,200499215631 Dec 176,404565220630 Sep 176,577696218630 Jun 176,311695213631 Mar 176,062719209731 Dec 165,893666206730 Sep 165,590571206630 Jun 165,380526201631 Mar 165,319506198631 Dec 155,187532191730 Sep 154,904487175730 Jun 155,1425331768양질의 수익: 1308 은(는) 현재 수익성이 없습니다.이익 마진 증가: 1308는 현재 수익성이 없습니다.잉여현금흐름 대비 순이익 분석과거 순이익 성장 분석수익추이: 1308은 수익성이 없으며 지난 5년 동안 손실이 연평균 67% 증가했습니다.성장 가속화: 현재 수익성이 없어 지난 1년간 1308의 수익 성장률을 5년 평균과 비교할 수 없습니다.수익 대 산업: 1308은 수익성이 없어 지난 해 수익 성장률을 Chemicals 업계(-7.2%)와 비교하기 어렵습니다.자기자본이익률높은 ROE: 1308는 현재 수익성이 없으므로 자본 수익률이 음수(-8.41%)입니다.총자산이익률투하자본수익률우수한 과거 실적 기업을 찾아보세요7D1Y7D1Y7D1YMaterials 산업에서 과거 실적이 우수한 기업.View Financial Health기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/22 06:42종가2026/05/22 00:00수익2026/03/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Asia Polymer Corporation는 5명의 분석가가 다루고 있습니다. 이 중 1명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Alden LinKGI Securities Co. Ltd.Alexis ChenMasterlink Securities Investment AdvisoryJia-hong YehSinoPac Securities Investment Service2명의 분석가 더 보기
Reported Earnings • May 19First quarter 2026 earnings: EPS and revenues miss analyst expectationsFirst quarter 2026 results: NT$0.20 loss per share (improved from NT$0.40 loss in 1Q 2025). Revenue: NT$1.30b (down 15% from 1Q 2025). Net loss: NT$120.2m (loss narrowed 49% from 1Q 2025). Revenue missed analyst estimates by 3.9%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to stay flat during the next 2 years compared to a 8.8% growth forecast for the Chemicals industry in Taiwan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 84 percentage points per year, which is a significant difference in performance.
Reported Earnings • Mar 17Full year 2025 earnings released: NT$1.76 loss per share (vs NT$1.26 loss in FY 2024)Full year 2025 results: NT$1.76 loss per share (further deteriorated from NT$1.26 loss in FY 2024). Revenue: NT$5.74b (down 4.8% from FY 2024). Net loss: NT$1.04b (loss widened 39% from FY 2024). Revenue is expected to decline by 2.6% p.a. on average during the next 2 years, while revenues in the Chemicals industry in Taiwan are expected to grow by 8.3%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 96 percentage points per year, which is a significant difference in performance.
Reported Earnings • Nov 17Third quarter 2025 earnings: EPS and revenues exceed analyst expectationsThird quarter 2025 results: NT$0.26 loss per share (improved from NT$0.36 loss in 3Q 2024). Revenue: NT$1.47b (up 3.1% from 3Q 2024). Net loss: NT$152.8m (loss narrowed 29% from 3Q 2024). Revenue exceeded analyst estimates by 8.3%. Earnings per share (EPS) also surpassed analyst estimates by 28%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 101 percentage points per year, which is a significant difference in performance.
Reported Earnings • Aug 14Second quarter 2025 earnings: EPS and revenues miss analyst expectationsSecond quarter 2025 results: NT$0.50 loss per share (further deteriorated from NT$0.12 loss in 2Q 2024). Revenue: NT$1.34b (down 10% from 2Q 2024). Net loss: NT$296.2m (loss widened 312% from 2Q 2024). Revenue missed analyst estimates by 16%. Earnings per share (EPS) also missed analyst estimates by 117%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 99 percentage points per year, which is a significant difference in performance.
Reported Earnings • May 10First quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2025 results: NT$0.40 loss per share (further deteriorated from NT$0.32 loss in 1Q 2024). Revenue: NT$1.53b (down 1.7% from 1Q 2024). Net loss: NT$237.0m (loss widened 26% from 1Q 2024). Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) missed analyst estimates by 29%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 92 percentage points per year, which is a significant difference in performance.
공시 • Apr 27Asia Polymer Corporation to Report Q1, 2025 Results on May 05, 2025Asia Polymer Corporation announced that they will report Q1, 2025 results on May 05, 2025
Reported Earnings • May 19First quarter 2026 earnings: EPS and revenues miss analyst expectationsFirst quarter 2026 results: NT$0.20 loss per share (improved from NT$0.40 loss in 1Q 2025). Revenue: NT$1.30b (down 15% from 1Q 2025). Net loss: NT$120.2m (loss narrowed 49% from 1Q 2025). Revenue missed analyst estimates by 3.9%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to stay flat during the next 2 years compared to a 8.8% growth forecast for the Chemicals industry in Taiwan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 84 percentage points per year, which is a significant difference in performance.
New Risk • Mar 23New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 8.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 61% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (8.4% average weekly change).
New Risk • Mar 17New major risk - Revenue and earnings growthEarnings have declined by 61% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company.
Reported Earnings • Mar 17Full year 2025 earnings released: NT$1.76 loss per share (vs NT$1.26 loss in FY 2024)Full year 2025 results: NT$1.76 loss per share (further deteriorated from NT$1.26 loss in FY 2024). Revenue: NT$5.74b (down 4.8% from FY 2024). Net loss: NT$1.04b (loss widened 39% from FY 2024). Revenue is expected to decline by 2.6% p.a. on average during the next 2 years, while revenues in the Chemicals industry in Taiwan are expected to grow by 8.3%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 96 percentage points per year, which is a significant difference in performance.
공시 • Mar 11Asia Polymer Corporation, Annual General Meeting, May 28, 2026Asia Polymer Corporation, Annual General Meeting, May 28, 2026, at 09:00 Taipei Standard Time. Location: no,33, szu wei 3rd rd., lingya district, kaohsiung city Taiwan
New Risk • Dec 15New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company.
Reported Earnings • Nov 17Third quarter 2025 earnings: EPS and revenues exceed analyst expectationsThird quarter 2025 results: NT$0.26 loss per share (improved from NT$0.36 loss in 3Q 2024). Revenue: NT$1.47b (up 3.1% from 3Q 2024). Net loss: NT$152.8m (loss narrowed 29% from 3Q 2024). Revenue exceeded analyst estimates by 8.3%. Earnings per share (EPS) also surpassed analyst estimates by 28%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 101 percentage points per year, which is a significant difference in performance.
Reported Earnings • Aug 14Second quarter 2025 earnings: EPS and revenues miss analyst expectationsSecond quarter 2025 results: NT$0.50 loss per share (further deteriorated from NT$0.12 loss in 2Q 2024). Revenue: NT$1.34b (down 10% from 2Q 2024). Net loss: NT$296.2m (loss widened 312% from 2Q 2024). Revenue missed analyst estimates by 16%. Earnings per share (EPS) also missed analyst estimates by 117%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 99 percentage points per year, which is a significant difference in performance.
Upcoming Dividend • Jul 17Upcoming dividend of NT$0.25 per shareEligible shareholders must have bought the stock before 24 July 2025. Payment date: 21 August 2025. The company is not currently making a profit but it is cash flow positive. Trailing yield: 3.8%. Lower than top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (3.1%).
Declared Dividend • Jun 04Dividend reduced to NT$0.25Dividend of NT$0.25 is 44% lower than last year. Ex-date: 24th July 2025 Payment date: 21st August 2025 Dividend yield will be 2.1%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased over the past 10 years. However, payments have been volatile during that time.
공시 • May 29Asia Polymer Corporation Approves Cash Dividend for 2024Asia Polymer Corporation at the AGM held on May 28, 2025 ratified 2024 earnings distribution. Cash dividend of TWD 0.25 per share, total TWD 148,435,979.
Reported Earnings • May 10First quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2025 results: NT$0.40 loss per share (further deteriorated from NT$0.32 loss in 1Q 2024). Revenue: NT$1.53b (down 1.7% from 1Q 2024). Net loss: NT$237.0m (loss widened 26% from 1Q 2024). Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) missed analyst estimates by 29%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 92 percentage points per year, which is a significant difference in performance.
공시 • Apr 27Asia Polymer Corporation to Report Q1, 2025 Results on May 05, 2025Asia Polymer Corporation announced that they will report Q1, 2025 results on May 05, 2025
Reported Earnings • Mar 14Full year 2024 earnings: EPS and revenues miss analyst expectationsFull year 2024 results: NT$1.26 loss per share (down from NT$0.20 profit in FY 2023). Revenue: NT$6.03b (down 10% from FY 2023). Net loss: NT$750.5m (down NT$866.8m from profit in FY 2023). Revenue missed analyst estimates by 2.4%. Earnings per share (EPS) also missed analyst estimates by 26%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 79 percentage points per year, which is a significant difference in performance.
공시 • Mar 06+ 1 more updateAsia Polymer Corporation, Annual General Meeting, May 28, 2025Asia Polymer Corporation, Annual General Meeting, May 28, 2025, at 09:00 Taipei Standard Time. Location: 5 floor no,2, yuan shan rd., niaosong district, kaohsiung city Taiwan
공시 • Feb 26Asia Polymer Corporation to Report Fiscal Year 2024 Results on Mar 05, 2025Asia Polymer Corporation announced that they will report fiscal year 2024 results on Mar 05, 2025
New Risk • Jan 30New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Cash payout ratio: 152% Minor Risk Share price has been volatile over the past 3 months (6.1% average weekly change).
분석 기사 • Dec 17These Return Metrics Don't Make Asia Polymer (TWSE:1308) Look Too StrongWhat financial metrics can indicate to us that a company is maturing or even in decline? Typically, we'll see the trend...
Major Estimate Revision • Nov 29Consensus EPS estimates fall from profit to NT$1.00 lossThe consensus outlook for fiscal year 2024 has been updated. Forecast loss of -NT$1.00 per share in 2024, versus previous forecasts of NT$0.98 per share. Revenue forecast unchanged from NT$5.96b at last update. Chemicals industry in Taiwan expected to see average net income growth of 15% next year. Consensus price target of NT$21.70 unchanged from last update. Share price fell 5.8% to NT$16.10 over the past week.
Reported Earnings • Nov 17Third quarter 2024 earnings: EPS and revenues miss analyst expectationsThird quarter 2024 results: NT$0.36 loss per share (down from NT$0.28 profit in 3Q 2023). Revenue: NT$1.42b (down 22% from 3Q 2023). Net loss: NT$214.7m (down 231% from profit in 3Q 2023). Revenue missed analyst estimates by 16%. Earnings per share (EPS) also missed analyst estimates. Revenue is forecast to grow 8.0% p.a. on average during the next 2 years, compared to a 5.0% growth forecast for the Chemicals industry in Taiwan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 69 percentage points per year, which is a significant difference in performance.
분석 기사 • Nov 11Is Asia Polymer (TWSE:1308) A Risky Investment?The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
공시 • Oct 30Asia Polymer Corporation to Report Q3, 2024 Results on Nov 06, 2024Asia Polymer Corporation announced that they will report Q3, 2024 results on Nov 06, 2024
Major Estimate Revision • Oct 24Consensus EPS estimates increase from loss to NT$0.98 profitThe consensus outlook for fiscal year 2024 has been updated. Forecast profits in 2024 with EPS up from -NT$0.29 to NT$0.98 per share. Revenue forecast unchanged from last update at NT$6.69b. Chemicals industry in Taiwan expected to see average net income growth of 28% next year. Consensus price target of NT$21.70 unchanged from last update. Share price fell 2.4% to NT$16.50 over the past week.
분석 기사 • Sep 16Slowing Rates Of Return At Asia Polymer (TWSE:1308) Leave Little Room For ExcitementWhat trends should we look for it we want to identify stocks that can multiply in value over the long term? One common...
Reported Earnings • Aug 14Second quarter 2024 earnings: EPS and revenues miss analyst expectationsSecond quarter 2024 results: NT$0.12 loss per share (down from NT$0.22 profit in 2Q 2023). Revenue: NT$1.49b (down 9.9% from 2Q 2023). Net loss: NT$71.9m (down 156% from profit in 2Q 2023). Revenue missed analyst estimates by 10%. Earnings per share (EPS) also missed analyst estimates. Revenue is forecast to grow 4.0% p.a. on average during the next 2 years, compared to a 4.9% growth forecast for the Chemicals industry in Taiwan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 54 percentage points per year, which is a significant difference in performance.
공시 • Jul 27Asia Polymer Corporation to Report Q2, 2024 Results on Aug 05, 2024Asia Polymer Corporation announced that they will report Q2, 2024 results on Aug 05, 2024
분석 기사 • Jul 22Asia Polymer (TWSE:1308) Has Announced That Its Dividend Will Be Reduced To NT$0.45Asia Polymer Corporation ( TWSE:1308 ) has announced that on 23rd of August, it will be paying a dividend ofNT$0.45...
분석 기사 • Jul 18What Asia Polymer Corporation's (TWSE:1308) P/S Is Not Telling YouIt's not a stretch to say that Asia Polymer Corporation's ( TWSE:1308 ) price-to-sales (or "P/S") ratio of 1.8x right...
Upcoming Dividend • Jul 18Upcoming dividend of NT$0.45 per shareEligible shareholders must have bought the stock before 25 July 2024. Payment date: 23 August 2024. The company is not currently making a profit and there are not enough cash flows to support it either. Trailing yield: 2.2%. Lower than top quartile of Taiwanese dividend payers (4.2%). In line with average of industry peers (2.2%).
분석 기사 • Jun 09Asia Polymer's (TWSE:1308) Shareholders Will Receive A Smaller Dividend Than Last YearAsia Polymer Corporation ( TWSE:1308 ) has announced that on 23rd of August, it will be paying a dividend ofNT$0.45...
Declared Dividend • Jun 08Dividend reduced to NT$0.45Dividend of NT$0.45 is 63% lower than last year. Ex-date: 25th July 2024 Payment date: 23rd August 2024 Dividend yield will be 2.5%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is well covered by cash flows (44% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments.
공시 • May 31Asia Polymer Corporation Approves 2023 Cash DividendsAsia Polymer Corporation at its AGM held on May 30, 2024 approved 2023 cash dividends of TWD 0.45 per share or TWD 267,184,763.
Reported Earnings • May 12First quarter 2024 earnings released: NT$0.32 loss per share (vs NT$0.042 loss in 1Q 2023)First quarter 2024 results: NT$0.32 loss per share (further deteriorated from NT$0.042 loss in 1Q 2023). Revenue: NT$1.56b (flat on 1Q 2023). Net loss: NT$187.7m (loss widened NT$162.6m from 1Q 2023). Revenue is forecast to grow 2.1% p.a. on average during the next 2 years, compared to a 6.1% growth forecast for the Chemicals industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.
공시 • May 01Asia Polymer Corporation to Report Q1, 2024 Results on May 07, 2024Asia Polymer Corporation announced that they will report Q1, 2024 results on May 07, 2024
Price Target Changed • Mar 26Price target decreased by 18% to NT$21.70Down from NT$26.50, the current price target is provided by 1 analyst. New target price is 12% above last closing price of NT$19.30. Stock is down 33% over the past year. The company is forecast to post earnings per share of NT$1.50 for next year compared to NT$0.20 last year.
Major Estimate Revision • Mar 21Consensus EPS estimates increase by 53%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from NT$0.98 to NT$1.50. Revenue forecast unchanged at NT$6.71b. Net income forecast to grow 400% next year vs 23% growth forecast for Chemicals industry in Taiwan. Consensus price target of NT$25.00 unchanged from last update. Share price fell 2.5% to NT$19.65 over the past week.
New Risk • Mar 15New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 125% Cash payout ratio: 158% Dividend yield: 6.0% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 125% Cash payout ratio: 158% Minor Risk Profit margins are more than 30% lower than last year (1.7% net profit margin).
Reported Earnings • Mar 15Full year 2023 earnings: EPS misses analyst expectationsFull year 2023 results: EPS: NT$0.20 (down from NT$2.44 in FY 2022). Revenue: NT$6.72b (down 32% from FY 2022). Net income: NT$116.3m (down 92% from FY 2022). Profit margin: 1.7% (down from 15% in FY 2022). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 72%. Revenue is forecast to grow 2.1% p.a. on average during the next 2 years, compared to a 8.4% growth forecast for the Chemicals industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings.
공시 • Mar 08Asia Polymer Corporation Proposes Dividend Distribution for the Year Ended December 31, 2023Asia Polymer Corporation proposed dividend distribution of TWD 0.45 per share for the year ended December 31, 2023. Date of the board of directors resolution: March 7, 2024. Total amount of cash distributed to shareholders TWD 267,184,763. Per value of common stock TWD 10.
Major Estimate Revision • Nov 18Consensus EPS estimates fall by 41%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from NT$1.07 to NT$0.63 per share. Revenue forecast steady at NT$6.70b. Net income forecast to grow 13% next year vs 35% growth forecast for Chemicals industry in Taiwan. Consensus price target down from NT$30.08 to NT$27.33. Share price was steady at NT$23.60 over the past week.
Price Target Changed • Nov 17Price target decreased by 13% to NT$27.33Down from NT$31.45, the current price target is an average from 2 analysts. New target price is 16% above last closing price of NT$23.60. Stock is down 11% over the past year. The company is forecast to post earnings per share of NT$0.63 for next year compared to NT$2.44 last year.
Reported Earnings • Aug 11Second quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behindSecond quarter 2023 results: EPS: NT$0.22 (down from NT$0.78 in 2Q 2022). Revenue: NT$1.66b (down 29% from 2Q 2022). Net income: NT$128.3m (down 72% from 2Q 2022). Profit margin: 7.7% (down from 20% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 5.0%. Earnings per share (EPS) exceeded analyst estimates by 16%. Revenue is expected to decline by 6.2% p.a. on average during the next 3 years, while revenues in the Chemicals industry in Taiwan are expected to grow by 5.1%. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 14% per year, which means it is tracking significantly ahead of earnings growth.
공시 • Aug 03Asia Polymer Corporation Announces Internal Audit Officer ChangesAsia Polymer Corporation announced the change in internal audit officer. Name, title, and resume of the previous position holder: Jia-Hui Lin, internal audit officer of APC. Name, title, and resume of the new position holder: Chia-Fang Chuang, internal audit specialist of APC. Reason for the change: Position adjustment. Effective date: August 2, 2023.
Upcoming Dividend • Jul 20Upcoming dividend of NT$1.20 per share at 4.5% yieldEligible shareholders must have bought the stock before 27 July 2023. Payment date: 25 August 2023. Payout ratio is a comfortable 60% and this is well supported by cash flows. Trailing yield: 4.5%. Lower than top quartile of Taiwanese dividend payers (5.5%). Higher than average of industry peers (3.7%).
공시 • May 31Asia Polymer Corporation Approves Cash Dividends for 2022Asia Polymer Corporation approved cash dividends of TWD 1.2 per share for 2022,Total TWD 712,492,702, at its AGM held on May 30, 2023.
Reported Earnings • Mar 15Full year 2022 earnings released: EPS: NT$2.44 (vs NT$5.22 in FY 2021)Full year 2022 results: EPS: NT$2.44 (down from NT$5.22 in FY 2021). Revenue: NT$9.82b (up 2.6% from FY 2021). Net income: NT$1.45b (down 53% from FY 2021). Profit margin: 15% (down from 32% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 34% per year whereas the company’s share price has increased by 33% per year.
Board Change • Nov 16Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 7 experienced directors. 1 highly experienced director. 4 independent directors (5 non-independent directors). Independent Director Chien-Ping Chen was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Valuation Update With 7 Day Price Move • Oct 13Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to NT$23.55, the stock trades at a trailing P/E ratio of 6x. Average trailing P/E is 12x in the Chemicals industry in Taiwan. Total returns to shareholders of 97% over the past three years.
Reported Earnings • Aug 14Second quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2022 results: EPS: NT$0.78 (down from NT$1.55 in 2Q 2021). Revenue: NT$2.35b (flat on 2Q 2021). Net income: NT$462.2m (down 50% from 2Q 2021). Profit margin: 20% (down from 40% in 2Q 2021). Revenue exceeded analyst estimates by 4.5%. Earnings per share (EPS) missed analyst estimates by 34%. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth.
Buying Opportunity • Jul 28Now 24% undervalued after recent price dropOver the last 90 days, the stock is down 29%. The fair value is estimated to be NT$33.90, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 66%.
Upcoming Dividend • Jul 21Upcoming dividend of NT$3.00 per shareEligible shareholders must have bought the stock before 28 July 2022. Payment date: 31 August 2022. Payout ratio is a comfortable 64% and this is well supported by cash flows. Trailing yield: 10%. Within top quartile of Taiwanese dividend payers (6.7%). Higher than average of industry peers (8.2%).
Price Target Changed • Jul 19Price target decreased to NT$40.00Down from NT$52.50, the current price target is provided by 1 analyst. New target price is 39% above last closing price of NT$28.75. Stock is down 21% over the past year. The company is forecast to post earnings per share of NT$3.02 for next year compared to NT$5.22 last year.
Board Change • Jul 19Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 7 experienced directors. 1 highly experienced director. 4 independent directors (5 non-independent directors). Independent Director Chien-Ping Chen was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
공시 • Jun 03Asia Polymer Corporation Announces the Members of the 5th -Term Remuneration CommitteeAsia Polymer Corporation announced the members of the 5th term remuneration committee. Name of the functional committees: Remuneration Committee. Name of the previous position holder: Chen, Da-Xiong, Shen, Shang-Hong Zheng, Dun-Qian. Resume of the previous position holder: Chen, Da-Xiong: Honorary Chairman of Pershing Technology Services Corp., Shen, Shang-Hong: Chairman of Ta Ya Electric Wire & Cable Co. Ltd., Zheng, Dun-Qian: Chairman of TGVest Capital Inc. Name of the new position holder: Chen, Da-Xiong, Shen, Shang-Hong and Zheng, Dun-Qian. Resume of the new position holder: Chen, Da-Xiong, Honorary Chairman of Pershing Technology Services Corp., Shen, Shang-Hong, Chairman of Ta Ya Electric Wire & Cable Co. Ltd. and Zheng, Dun-Qian, Chairman of TGVest Capital Inc. Reason for the change: Newly appointed by Board of Directors. Effective date of the new member: June 2, 2022.
공시 • May 29+ 1 more updateAsia Polymer Corporation Announces Management ChangesAsia Polymer Corporation announced newly-elected directors (Independent Directors). Elected or changed position (Please enter institutional director, institutional supervisor, independent director, natural-person director or natural-person supervisor):@institutional director and independent director. Title and name of the previous position holder: Mr. Wu, Yi-Gui(Director/Union Polymer International Investment Corporation Representative), Mr. Li, Guo-Hong(Director/Union Polymer International Investment Corporation Representative), Mr. Wu, Pei-Ji(Director/Union Polymer International Investment Corporation Representative), Mr. Liu, Han-Tai(Director/Union Polymer International Investment Corporation Representative), Mr. Wu, Hong-Chu(Director/Union Polymer International Investment Corporation Representative), Mr. Ke, Yi-Shao(Director/Taiwan Union Polymer International Investment Corporation Representative), Mr. Chen, Da-Xiong(Independent Director), Mr. Shen, Shang-Hong(Independent Director),Mr. Zheng, Dun-Qian(Independent Director). Resume of the previous position holder: Mr. Wu, Yi-Gui/Chairman, USI Corporation Mr. Li, Guo-Hong/Director, Asia Polymer Corporation Mr. Wu, Pei-Ji/Director& General Manager, Asia Polymer Corporation Mr. Liu, Han-Tai/Director, Asia Polymer Corporation Mr. Wu, Hong-Chu/Director, Asia Polymer Corporation Mr. Ke, Yi-Shao/Director& General Manager, UPC Technology Corporation Mr. Chen, Da-Xiong/Honorary Chairman, Pershing Technology Services Corp. Mr. Shen, Shang-Hong/Chairman, Ta Ya Electric Wire & Cable Co. Ltd. Mr. Zheng, Dun-Qian/Chairman, TGVest Capital Inc. Title and name of the new position holder: Mr. Wu, Yi-Gui(Director/Union Polymer International Investment Corporation Representative), Mr. Li, Guo-Hong(Director/Union Polymer International Investment Corporation Representative), Mr. Wu, Pei-Ji(Director/USIFE Investment Co. Ltd. Representative), Mr. Wu, Hong-Chu(Director/USIFE Investment Co. Ltd. Representative), Mr. Ke, Yi-Shao(Director/Taiwan Union Polymer International Investment Corporation Representative), Mr. Chen, Da-Xiong(Independent Director), Mr. Shen, Shang-Hong(Independent Director), Mr. Zheng, Dun-Qian(Independent Director), Mr. Chen, Chien-Ping(Independent Director). Resume of the new position holder: Mr. Wu, Yi-Gui/Chairman, USI Corporation Mr. Li, Guo-Hong/Director, Asia Polymer Corporation Mr. Wu, Pei-Ji/Director& General Manager, Asia Polymer Corporation Mr. Wu, Hong-Chu/Director, Asia Polymer Corporation Mr. Ke, Yi-Shao/Director& General Manager, UPC Technology Corporation Mr. Chen, Da-Xiong/Honorary Chairman, Pershing Technology Services Corp. Mr. Shen, Shang-Hong/Chairman, Ta Ya Electric Wire & Cable Co. Ltd. Mr. Zheng, Dun-Qian/Chairman, TGVest Capital Inc. Mr. Chen, Chien-Ping/Chairman, Ta Chong Commercial Bank Co. Ltd. Effective date of the new appointment: May 27, 2022.
공시 • Apr 20Asia Polymer Corporation Receives Approval to Resume Work at No.2 Process in the MillAsia Polymer Corporation announced that the No.2 process in the mill was approved to resume work. The No. 2 process in the mill was approved by the Kaohsiung labor standards inspection office to resume work on April 19, 2022 and restored to full production from now on.
공시 • Apr 03Asia Polymer Corporation Announces No.2 Process to Suspended for ImprovementAsia Polymer Corporation announced that operation Pressure of the reactor was too high on the NO.2 process in the mill, causing the safety rupture of the reactor to burst and produce thick smoke. After the inspection of factory by Kaohsiung Labor Inspection Division for this event, it was determined that there is a risk of occupational accidents. The Kaohsiung Labor Inspectorate demanded the suspension of work and improvement for the NO.2 process in accordance with the Article 36 of the Occupational Safety and Health Law. After confirming that the cause of the suspension of work is eliminated, submit the resumption plan to the labor inspection office to resume work after review and approval. The factory still has inventory temporarily, and other production lines will be deployed to respond.
Reported Earnings • Mar 17Full year 2021 earnings: EPS exceeds analyst expectationsFull year 2021 results: EPS: NT$5.22 (up from NT$1.86 in FY 2020). Revenue: NT$9.57b (up 68% from FY 2020). Net income: NT$3.10b (up 181% from FY 2020). Profit margin: 32% (up from 19% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.2%. Over the next year, revenue is expected to shrink by 8.5% compared to a 2.2% decline forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has only increased by 42% per year, which means it is significantly lagging earnings growth.
Price Target Changed • Dec 10Price target decreased to NT$52.50Down from NT$56.75, the current price target is provided by 1 analyst. New target price is 42% above last closing price of NT$36.95. Stock is up 95% over the past year. The company is forecast to post earnings per share of NT$4.81 for next year compared to NT$1.86 last year.
Reported Earnings • Nov 13Third quarter 2021 earnings released: EPS NT$1.15 (vs NT$0.32 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$2.46b (up 88% from 3Q 2020). Net income: NT$680.9m (up 255% from 3Q 2020). Profit margin: 28% (up from 15% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has only increased by 44% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Oct 14Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to NT$41.55, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 12x in the Chemicals industry in Taiwan. Total returns to shareholders of 240% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$21.31 per share.
Price Target Changed • Oct 05Price target increased to NT$53.95Up from NT$45.05, the current price target is an average from 2 analysts. New target price is 15% above last closing price of NT$47.05. Stock is up 166% over the past year.
Valuation Update With 7 Day Price Move • Sep 16Investor sentiment improved over the past weekAfter last week's 19% share price gain to NT$42.65, the stock trades at a trailing P/E ratio of 11.4x. Average forward P/E is 13x in the Chemicals industry in Taiwan. Total returns to shareholders of 202% over the past three years.
Upcoming Dividend • Aug 26Upcoming dividend of NT$1.20 per shareEligible shareholders must have bought the stock before 02 September 2021. Payment date: 07 October 2021. Trailing yield: 3.3%. Lower than top quartile of Taiwanese dividend payers (5.2%). Higher than average of industry peers (2.9%).
Reported Earnings • Aug 13Second quarter 2021 earnings released: EPS NT$1.59 (vs NT$0.38 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$2.34b (up 72% from 2Q 2020). Net income: NT$922.9m (up 317% from 2Q 2020). Profit margin: 40% (up from 16% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth.
Price Target Changed • Jul 09Price target increased to NT$45.00Up from NT$35.00, the current price target is provided by 1 analyst. New target price is 19% above last closing price of NT$37.70. Stock is up 105% over the past year.
Valuation Update With 7 Day Price Move • Jul 05Investor sentiment improved over the past weekAfter last week's 16% share price gain to NT$38.50, the stock trades at a trailing P/E ratio of 14.8x. Average forward P/E is 14x in the Chemicals industry in Taiwan. Total returns to shareholders of 163% over the past three years.
Valuation Update With 7 Day Price Move • Jun 03Investor sentiment improved over the past weekAfter last week's 16% share price gain to NT$33.80, the stock trades at a trailing P/E ratio of 13x. Average forward P/E is 14x in the Chemicals industry in Taiwan. Total returns to shareholders of 126% over the past three years.
Reported Earnings • May 15First quarter 2021 earnings released: EPS NT$0.95 (vs NT$0.25 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$1.85b (up 41% from 1Q 2020). Net income: NT$555.1m (up 279% from 1Q 2020). Profit margin: 30% (up from 11% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • May 02Investor sentiment improved over the past weekAfter last week's 18% share price gain to NT$35.00, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 15x in the Chemicals industry in Taiwan. Total returns to shareholders of 134% over the past three years.
분석 기사 • Apr 20Asia Polymer (TPE:1308) Seems To Use Debt Rather SparinglyDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Valuation Update With 7 Day Price Move • Apr 17Investor sentiment improved over the past weekAfter last week's 23% share price gain to NT$31.75, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 15x in the Chemicals industry in Taiwan. Total returns to shareholders of 113% over the past three years.
Reported Earnings • Mar 18Full year 2020 earnings released: EPS NT$1.90 (vs NT$1.41 in FY 2019)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: NT$5.70b (down 16% from FY 2019). Net income: NT$1.10b (up 34% from FY 2019). Profit margin: 19% (up from 12% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.
분석 기사 • Mar 06What Do The Returns At Asia Polymer (TPE:1308) Mean Going Forward?There are a few key trends to look for if we want to identify the next multi-bagger. One common approach is to try and...
공시 • Mar 06Asia Polymer Corporation, Annual General Meeting, Jun 11, 2021Asia Polymer Corporation, Annual General Meeting, Jun 11, 2021, at 09:00 Taipei Standard Time. Location: 5F., No.2, Yuanshan Rd., Niaosong Dist., Kaohsiung City, Taiwan (R.O.C.) The Kaohsiung Grand Hotel,Po Shou Hall Kaohsiung City Taiwan Agenda: To report 2020 Operating results; to report Audit Committee's Review Reports of 2020 Financial Statement; to report 2020 remuneration of directors and employees; to ratify 2020 Business Report and Financial Statements; to ratify 2020 Earnings Distribution; to approve the capitalization on part of dividends; to approve the amendment to the Parliamentary Rules for Shareholders' Meetings; to approve the permission of directors for competitive actions.
Is New 90 Day High Low • Feb 23New 90-day high: NT$22.30The company is up 15% from its price of NT$19.45 on 25 November 2020. The Taiwanese market is up 18% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Chemicals industry, which is up 8.0% over the same period.
분석 기사 • Feb 16Should Asia Polymer Corporation (TPE:1308) Be Part Of Your Dividend Portfolio?Today we'll take a closer look at Asia Polymer Corporation ( TPE:1308 ) from a dividend investor's perspective. Owning...
Major Estimate Revision • Feb 02Analysts update estimatesThe 2020 consensus earning per share (EPS) estimate increased from NT$0.96 to NT$1.55. No change was made to the revenue estimate which at the last update was NT$5.82b. Net income is expected to grow by 51% next year compared to 60% growth forecast for the Chemicals industry in Taiwan. The consensus price target of NT$24.90 was unchanged from the last update. Share price is up 6.6% to NT$20.10 over the past week.
분석 기사 • Feb 01Should Asia Polymer (TPE:1308) Be Disappointed With Their 45% Profit?If you want to compound wealth in the stock market, you can do so by buying an index fund. But one can do better than...
분석 기사 • Jan 17Asia Polymer (TPE:1308) Could Easily Take On More DebtHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
분석 기사 • Jan 02Do Its Financials Have Any Role To Play In Driving Asia Polymer Corporation's (TPE:1308) Stock Up Recently?Asia Polymer's (TPE:1308) stock is up by a considerable 21% over the past three months. Given that stock prices are...
Is New 90 Day High Low • Dec 22New 90-day high: NT$21.00The company is up 14% from its price of NT$18.35 on 23 September 2020. The Taiwanese market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 13% over the same period.
분석 기사 • Dec 17Asia Polymer's (TPE:1308) Earnings Are Growing But Is There More To The Story?It might be old fashioned, but we really like to invest in companies that make a profit, each and every year. Having...
분석 기사 • Dec 02We Like These Underlying Trends At Asia Polymer (TPE:1308)What are the early trends we should look for to identify a stock that could multiply in value over the long term...
Reported Earnings • Nov 14Third quarter 2020 earnings released: EPS NT$0.33The company reported a soft third quarter result with weaker earnings and revenues, although profit margins were improved. Third quarter 2020 results: Revenue: NT$1.31b (down 20% from 3Q 2019). Net income: NT$192.0m (down 6.7% from 3Q 2019). Profit margin: 15% (up from 13% in 3Q 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.
Analyst Estimate Surprise Post Earnings • Nov 14Earnings beat expectations, revenue disappointsRevenue missed analyst estimates by 6.8%. Earnings per share (EPS) exceeded analyst estimates by 1.9%.