Formosa Petrochemical Past Earnings Performance

Past criteria checks 4/6

Formosa Petrochemical's earnings have been declining at an average annual rate of -16%, while the Oil and Gas industry saw earnings growing at 22.2% annually. Revenues have been growing at an average rate of 4% per year. Formosa Petrochemical's return on equity is 6.4%, and it has net margins of 3.1%.

Key information

-16.0%

Earnings growth rate

-16.0%

EPS growth rate

Oil and Gas Industry Growth	27.8%
Revenue growth rate	4.0%
Return on equity	6.4%
Net Margin	3.1%
Next Earnings Update	03 May 2024

Recent past performance 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

Revenue & Expenses Breakdown
Beta

How Formosa Petrochemical makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

TWSE:6505 Revenue, expenses and earnings (TWD Millions)
Date	Revenue	Earnings	G+A Expenses	R&D Expenses
31 Dec 23	712,576	21,889	11,213	405
30 Sep 23	730,845	10,550	11,051	414
30 Jun 23	767,251	-12,887	10,510	423
31 Mar 23	847,139	5,200	10,506	417
31 Dec 22	848,048	14,422	10,389	407
30 Sep 22	834,686	31,912	10,370	403
30 Jun 22	769,627	48,483	10,707	368
31 Mar 22	675,314	45,157	10,391	366
31 Dec 21	620,062	49,401	10,292	311
30 Sep 21	543,147	52,025	10,289	266
30 Jun 21	473,093	57,585	9,994	251
31 Mar 21	408,050	35,324	9,953	236
31 Dec 20	415,282	7,430	9,964	235
30 Sep 20	462,183	4,304	10,243	247
30 Jun 20	528,244	896	10,313	254
31 Mar 20	614,438	17,579	10,647	229
31 Dec 19	646,023	36,798	10,709	224
30 Sep 19	687,278	25,551	10,497	250
30 Jun 19	728,386	33,814	10,635	273
31 Mar 19	754,590	51,015	10,689	302
31 Dec 18	767,550	60,090	10,844	302
30 Sep 18	742,770	87,473	11,123	268
30 Jun 18	695,109	89,027	11,045	242
31 Mar 18	641,699	75,856	10,846	222
31 Dec 17	624,108	80,170	10,746	219
30 Sep 17	609,148	79,730	10,579	212
30 Jun 17	584,141	74,154	10,453	206
31 Mar 17	586,176	87,934	10,285	199
31 Dec 16	546,161	75,764	10,050	200
30 Sep 16	544,171	65,489	9,816	200
30 Jun 16	555,927	57,769	9,547	191
31 Mar 16	598,951	56,626	9,544	183
31 Dec 15	629,514	47,302	9,505	174
30 Sep 15	673,246	21,775	9,341	176
30 Jun 15	769,169	19,620	9,432	173
31 Mar 15	804,757	1,406	9,397	169
31 Dec 14	913,085	9,066	9,577	175
30 Sep 14	966,304	28,800	9,837	166
30 Jun 14	965,962	31,944	9,764	156
31 Mar 14	946,880	26,053	9,672	155
31 Dec 13	931,334	26,858	9,646	156
30 Sep 13	928,623	22,057	9,548	154
30 Jun 13	905,964	21,703	9,765	159

Quality Earnings: 6505 has high quality earnings.

Growing Profit Margin: 6505's current net profit margins (3.1%) are higher than last year (1.7%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: 6505's earnings have declined by 16% per year over the past 5 years.

Accelerating Growth: 6505's earnings growth over the past year (51.8%) exceeds its 5-year average (-16% per year).

Earnings vs Industry: 6505 earnings growth over the past year (51.8%) exceeded the Oil and Gas industry -9.9%.

Formosa Petrochemical Past Earnings Performance

Past criteria checks 4/6

Key information

Recent past performance updates

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

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

Third quarter 2023 earnings: EPS and revenues exceed analyst expectations

Second quarter 2023 earnings: Revenues miss analyst expectations

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

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

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

Revenue & Expenses BreakdownBeta

Earnings and Revenue History

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Revenue & Expenses Breakdown
Beta