TSEC:1303

Stock Analysis Report

Executive Summary

Nan Ya Plastics Corporation manufactures and sells plastics products, plastic materials, electronic materials, and fiber products in Taiwan and internationally.

Snowflake

Fundamentals

Flawless balance sheet average dividend payer.


Similar Companies

Share Price & News

How has Nan Ya Plastics's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

2.6%

1303

2.1%

TW Chemicals

2.5%

TW Market


1 Year Return

-7.7%

1303

-10.1%

TW Chemicals

12.1%

TW Market


Shareholder returns

1303IndustryMarket
7 Day2.6%2.1%2.5%
30 Day-0.3%-1.3%2.5%
90 Day-1.5%-4.8%2.2%
1 Year-1.4%-7.7%-5.1%-10.1%17.1%12.1%
3 Year31.1%8.9%20.1%3.2%33.4%18.2%
5 Year53.7%17.0%49.4%19.5%53.3%25.8%

Price Volatility Vs. Market

How volatile is Nan Ya Plastics's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Nan Ya Plastics undervalued compared to its fair value and its price relative to the market?

16.75x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Undervalued: 1303 (NT$70.8) is trading above our estimate of fair value (NT$46.3)

Significantly Undervalued: 1303 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 1303 is poor value based on its PE Ratio (16.8x) compared to the Chemicals industry average (16.8x).

PE vs Market: 1303 is good value based on its PE Ratio (16.8x) compared to the TW market (16.4x).


Price to Earnings Growth Ratio

Low PEG Ratio: 1303 is poor value based on its PEG Ratio (0.9x)


Price to Book Ratio

PB vs Industry: 1303 is overvalued based on its PB Ratio (1.6x) compared to the TW Chemicals industry average (1.2x).


Next Steps

Future Growth

How is Nan Ya Plastics forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?

19.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 1303's forecast earnings growth (19.4% per year) is above the savings rate (2.7%).

Earnings vs Market: 1303's earnings (19.4% per year) are forecast to grow faster than the TW market (10.3% per year).

High Growth Earnings: 1303's earnings are forecast to grow, but not significantly.

Revenue vs Market: 1303's revenue (5.6% per year) is forecast to grow slower than the TW market (7.6% per year).

High Growth Revenue: 1303's revenue (5.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Information is not available.


Next Steps

Past Performance

How has Nan Ya Plastics performed over the past 5 years?

12.5%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: 1303's earnings have grown by 12.5% per year over the past 5 years.

Accelerating Growth: 1303's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 1303 had negative earnings growth (-48.2%) over the past year, making it difficult to compare to the Chemicals industry average (-10%).


Return on Equity

High ROE: 1303's Return on Equity (9.2%) is considered low.


Return on Assets

ROA vs Industry: 1303 has a higher Return on Assets than the Chemicals industry average last year.


Return on Capital Employed

ROCE Improving: 1303 has significantly improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

How is Nan Ya Plastics's financial position?


Financial Position Analysis

Short Term Liabilities: 1303's short term assets (NT$225.7B) exceeds its short term liabilities (NT$116.6B)

Long Term Liabilities: 1303's short term assets (225.7B) exceeds its long term liabilities (107.6B)


Debt to Equity History and Analysis

Debt Level: 1303's debt to equity ratio (31.1%) is considered satisfactory

Reducing Debt: 1303's debt to equity ratio has reduced from 48.7% to 31.1% over the past 5 years.

Debt Coverage: 1303's debt is well covered by operating cash flow (46.9%).

Interest Coverage: 1303 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet

Information is not available.

Information is not available.


Next Steps

Dividend

What is Nan Ya Plastics's current dividend yield, its reliability and sustainability?

7.06%

Current Dividend Yield


Dividend Yield vs Market

company7.1%marketbottom25%2.6%markettop25%6.0%industryaverage6.1%forecastin3Years4.4%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: 1303's dividend (7.06%) is higher than the bottom 25% of dividend payers in the TW market (2.6%).

High Dividend: 1303's dividend (7.06%) is in the top 25% of dividend payers in the TW market (6.01%)

Stable Dividend: 1303's dividend payments have been volatile in the past 10 years.

Growing Dividend: 1303's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (118.3%), 1303's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: 1303's dividends in 3 years are forecast to be covered by earnings (76.5% payout ratio).


Next Steps

Management

What is the CEO of Nan Ya Plastics's salary, the management and board of directors tenure and is there insider trading?

3.6yrs

Average management tenure


CEO

Ming-Jen Tzou 0

4.3yrs

Tenure

0

Mr. Ming-Jen Tzou has been the President of Nan Ya Plastics Corporation since July 1, 2015. Mr. Tzou served as an Executive Vice President of Nan Ya Plastics Corporation until September 16, 2015 and served ...


Management Age and Tenure

3.6yrs

Average Tenure

Experienced Management: 1303's management team is considered experienced (3.6 years average tenure).


Board Age and Tenure

12.3yrs

Average Tenure

Experienced Board: 1303's board of directors are seasoned and experienced ( 12.3 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Wilfred Wang

    MD & Director

    • Tenure: 12.3yrs
  • Ming-Jen Tzou

    President & Director

    • Tenure: 4.3yrs
  • William Wong

    MD & Director

    • Tenure: 12.3yrs
  • Chih-Kang Wang

    MD & Independent Director

    • Tenure: 10.3yrs
  • Yuan-Shan Liu

    Senior Vice President

    • Tenure: 0yrs
  • Chung-Yueh Shih

    Senior Vice President

    • Tenure: 0.6yrs
  • Cheng-Chung Lee

    Senior VP & Director

    • Tenure: 0.3yrs
  • Sin-Yi Huang

    Senior VP & Director

    • Tenure: 3.3yrs
  • Ming-Jong Yeh

    Financial Officer

    • Tenure: 6.6yrs
  • Li-Ta Pai

    Accounting Officer

    • Tenure: 6.6yrs

Board Members

  • Wilfred Wang

    MD & Director

    • Tenure: 12.3yrs
  • Chia-Chau Wu (74yo)

    Chairman

    • Tenure: 6.3yrs
  • Ming-Jen Tzou

    President & Director

    • Tenure: 4.3yrs
  • William Wong

    MD & Director

    • Tenure: 12.3yrs
  • Chih-Kang Wang

    MD & Independent Director

    • Tenure: 10.3yrs
  • Cheng-Chung Lee

    Senior VP & Director

    • Tenure: 0.3yrs
  • Sin-Yi Huang

    Senior VP & Director

    • Tenure: 3.3yrs
  • Susan Wang (57yo)

    MD & Executive Director

    • Tenure: 12.3yrs
  • Fong-Chin Lin

    Senior VP & Director

    • Tenure: 27.5yrs
  • Kuei-Yung Wang

    Senior VP & Director

    • Tenure: 12.3yrs

Company Information

Nan Ya Plastics Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Nan Ya Plastics Corporation
  • Ticker: 1303
  • Exchange: TSEC
  • Founded: 1958
  • Industry: Commodity Chemicals
  • Sector: Materials
  • Market Cap: NT$564.674b
  • Shares outstanding: 7.93b
  • Website: https://www.npc.com.tw

Location

  • Nan Ya Plastics Corporation
  • 101, Shuiguan Road
  • Renwu District
  • Kaohsiung City
  • 814
  • Taiwan

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
1303TSEC (Taiwan Stock Exchange)YesCommon StockTWTWDJan 1992

Biography

Nan Ya Plastics Corporation manufactures and sells plastics products, plastic materials, electronic materials, and fiber products in Taiwan and internationally. The company provides plastics products compr ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/17 14:32
End of Day Share Price2019/10/16 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.