Formosa Petrochemical Future Growth

Future criteria checks 3/6

Formosa Petrochemical's revenue is forecast to decline at 0.2% per annum while its annual earnings are expected to grow at 22.1% per year. EPS is expected to grow by 20.8% per annum. Return on equity is forecast to be 11.7% in 3 years.

Key information

22.1%

Earnings growth rate

20.8%

EPS growth rate

Oil and Gas earnings growth	1.2%
Revenue growth rate	-0.2%
Future return on equity	11.7%
Analyst coverage	Good
Last updated	25 Apr 2024

Recent future growth updates

Recent updates

Formosa Petrochemical (TWSE:6505) Has A Rock Solid Balance Sheet

Apr 30

Investor Optimism Abounds Formosa Petrochemical Corporation (TWSE:6505) But Growth Is Lacking

Mar 23

These Return Metrics Don't Make Formosa Petrochemical (TWSE:6505) Look Too Strong

Feb 27

These Metrics Don't Make Formosa Petrochemical (TPE:6505) Look Too Strong

Mar 10

Here's Why We Think Formosa Petrochemical's (TPE:6505) Statutory Earnings Might Be Conservative

Feb 16

Calculating The Fair Value Of Formosa Petrochemical Corporation (TPE:6505)

Jan 26

Does Formosa Petrochemical Corporation (TPE:6505) Have A Place In Your Dividend Stock Portfolio?

Jan 08

Does Formosa Petrochemical (TPE:6505) Have A Healthy Balance Sheet?

Dec 22

Is Formosa Petrochemical (TPE:6505) Shrinking?

Nov 30

Earnings and Revenue Growth Forecasts

TWSE:6505 - Analysts future estimates and past financials data (TWD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	649,363	N/A	N/A	N/A	1
12/31/2025	726,179	34,635	32,711	49,673	8
12/31/2024	717,050	30,057	24,852	38,552	8
12/31/2023	712,576	21,889	37,019	45,384	N/A
9/30/2023	730,845	10,550	39,649	47,121	N/A
6/30/2023	767,251	-12,887	22,819	30,685	N/A
3/31/2023	847,139	5,200	-1,729	6,830	N/A
12/31/2022	848,048	14,422	-16,830	-9,183	N/A
9/30/2022	834,686	31,912	-17,891	-9,652	N/A
6/30/2022	769,627	48,483	-19,192	-9,984	N/A
3/31/2022	675,314	45,157	16,579	25,532	N/A
12/31/2021	620,062	49,401	24,976	35,526	N/A
9/30/2021	543,147	52,025	23,796	34,524	N/A
6/30/2021	473,093	57,585	36,642	47,166	N/A
3/31/2021	408,050	35,324	33,694	43,278	N/A
12/31/2020	415,282	7,430	26,576	35,534	N/A
9/30/2020	462,183	4,304	27,102	35,784	N/A
6/30/2020	528,244	896	35,984	44,136	N/A
3/31/2020	614,438	17,579	22,785	31,210	N/A
12/31/2019	646,023	36,798	36,203	43,892	N/A
9/30/2019	687,278	25,551	35,451	43,605	N/A
6/30/2019	728,386	33,814	39,628	52,914	N/A
3/31/2019	754,590	51,015	49,231	62,278	N/A
12/31/2018	767,550	60,090	64,387	76,950	N/A
9/30/2018	742,770	87,473	63,683	76,850	N/A
6/30/2018	695,109	89,027	60,460	69,978	N/A
3/31/2018	641,699	75,856	63,867	73,060	N/A
12/31/2017	624,108	80,170	70,352	79,799	N/A
9/30/2017	609,148	79,730	N/A	89,199	N/A
6/30/2017	584,141	74,154	N/A	90,775	N/A
3/31/2017	586,176	87,934	N/A	109,200	N/A
12/31/2016	546,161	75,764	N/A	103,814	N/A
9/30/2016	544,171	65,489	N/A	121,140	N/A
6/30/2016	555,927	57,769	N/A	116,505	N/A
3/31/2016	598,951	56,626	N/A	122,889	N/A
12/31/2015	629,514	47,302	N/A	119,167	N/A
9/30/2015	673,246	21,775	N/A	108,483	N/A
6/30/2015	769,169	19,620	N/A	83,635	N/A
3/31/2015	804,757	1,406	N/A	73,387	N/A
12/31/2014	913,085	9,066	N/A	64,880	N/A
9/30/2014	966,304	28,800	N/A	40,388	N/A
6/30/2014	965,962	31,944	N/A	48,188	N/A
3/31/2014	946,880	26,053	N/A	45,729	N/A
12/31/2013	931,334	26,858	N/A	39,414	N/A
9/30/2013	928,623	22,057	N/A	50,341	N/A
6/30/2013	905,964	21,703	N/A	45,331	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 6505's forecast earnings growth (22.1% per year) is above the savings rate (1%).

Earnings vs Market: 6505's earnings (22.1% per year) are forecast to grow faster than the TW market (19.7% per year).

High Growth Earnings: 6505's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 6505's revenue is expected to decline over the next 3 years (-0.2% per year).

High Growth Revenue: 6505's revenue is forecast to decline over the next 3 years (-0.2% per year).

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: 6505's Return on Equity is forecast to be low in 3 years time (11.7%).

Formosa Petrochemical Future Growth

Future criteria checks 3/6

Key information

Recent future growth updates

Consensus EPS estimates increase by 25%

Consensus EPS estimates fall by 22%

Consensus EPS estimates fall by 12%

Consensus EPS estimates increase by 10%

Consensus EPS estimates fall by 12%

Consensus EPS estimates fall by 22%

Recent updates

Formosa Petrochemical (TWSE:6505) Has A Rock Solid Balance Sheet

Formosa Petrochemical Corporation to Report Q1, 2024 Results on May 03, 2024

Consensus EPS estimates increase by 25%

Formosa Petrochemical Corporation, Annual General Meeting, Jun 14, 2024

Now 21% overvalued

Investor Optimism Abounds Formosa Petrochemical Corporation (TWSE:6505) But Growth Is Lacking

Consensus EPS estimates fall by 22%

Full year 2023 earnings: Revenues and EPS in line with analyst expectations

New major risk - Revenue and earnings growth

Formosa Petrochemical Corporation Proposes Cash Dividend for the Year Ended December 31, 2023

These Return Metrics Don't Make Formosa Petrochemical (TWSE:6505) Look Too Strong

Consensus EPS estimates fall by 12%

Consensus EPS estimates increase by 10%

Third quarter 2023 earnings: EPS and revenues exceed analyst expectations

Second quarter 2023 earnings: Revenues miss analyst expectations

Consensus EPS estimates fall by 12%

Consensus EPS estimates fall by 22%

Upcoming dividend of NT$1.10 per share at 1.2% yield

Formosa Petrochemical Corporation Approves Cash Dividend

Consensus EPS estimates fall by 14%

Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Consensus EPS estimates fall by 17%

Consensus EPS estimates fall by 12%

Price target decreased to NT$79.59

Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Price target decreased to NT$82.41

Consensus forecasts updated

Price target decreased to NT$94.13

Second quarter 2022 earnings: EPS exceeds analyst expectations

Consensus EPS estimates increase by 10%

Upcoming dividend of NT$3.80 per share

First quarter 2022 earnings: EPS and revenues miss analyst expectations

Consensus forecasts updated

Formosa Petrochemical Corporation Proposes Cash Dividend for the Year Ended December 31, 2021

Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind

Now 20% undervalued

Third quarter 2021 earnings released: EPS NT$1.08 (vs NT$1.66 in 3Q 2020)

Price target increased to NT$107

Second quarter 2021 earnings released: EPS NT$1.43 (vs NT$0.91 loss in 2Q 2020)

Upcoming dividend of NT$0.59 per share

Consensus EPS estimates increase to NT$4.69

Formosa Petrochemical Corporation (TWSE:6505) acquired 4.9% stake in TSRC Corporation (TWSE:2103) for TWD 1.4 billion.

First quarter 2021 earnings released: EPS NT$1.88 (vs NT$1.05 loss in 1Q 2020)

Consensus forecasts updated

Consensus EPS estimates increase to NT$5.24

Formosa Petrochemical Corporation Proposes Cash Dividend for the Year 2020

Full year 2020 earnings released: EPS NT$0.78 (vs NT$3.86 in FY 2019)

Revenue and earnings miss expectations

These Metrics Don't Make Formosa Petrochemical (TPE:6505) Look Too Strong

Here's Why We Think Formosa Petrochemical's (TPE:6505) Statutory Earnings Might Be Conservative

Calculating The Fair Value Of Formosa Petrochemical Corporation (TPE:6505)

Analysts update estimates

Does Formosa Petrochemical Corporation (TPE:6505) Have A Place In Your Dividend Stock Portfolio?

Analysts update estimates

New 90-day high: NT$98.50

Does Formosa Petrochemical (TPE:6505) Have A Healthy Balance Sheet?

Is Formosa Petrochemical (TPE:6505) Shrinking?

Analysts update estimates

Third quarter 2020 earnings released: EPS NT$1.67

Earnings beat expectations, revenue disappoints

New 90-day low: NT$78.60

Analysts update estimates

New 90-day low: NT$79.40

Analysts update estimates

First half earnings released

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity