Executive Summary
Nan Ya Plastics Corporation manufactures and sells plastics products, plastic materials, petrochemicals, electronic materials, and polyester fiber products in Taiwan, China and Hong Kong, the United States, and internationally. More Details
Rewards
Risk Analysis
Snowflake Analysis
Adequate balance sheet with moderate growth potential.
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
Stable Share Price: 1303 has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-1.3%
1303
0.06%
TW Chemicals
-1.9%
TW Market
1 Year Return
-18.2%
1303
-12.4%
TW Chemicals
11.6%
TW Market
Return vs Industry: 1303 underperformed the TW Chemicals industry which returned -12.4% over the past year.
Return vs Market: 1303 underperformed the TW Market which returned 11.6% over the past year.
Shareholder returns
| 1303 | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.3% | 0.06% | -1.9% |
| 30 Day | -1.3% | 2.2% | 1.5% |
| 90 Day | -3.9% | 3.7% | -0.02% |
| 1 Year | -15.5%-18.2% | -8.7%-12.4% | 15.6%11.6% |
| 3 Year | -8.2%-21.7% | -1.7%-14.8% | 31.1%16.6% |
| 5 Year | 20.1%-8.4% | 25.4%-1.1% | 72.7%42.3% |
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
1 week ago | Simply Wall St
Does It Make Sense To Buy Nan Ya Plastics Corporation (TPE:1303) For Its Yield?1 month ago | Simply Wall St
Nan Ya Plastics (TPE:1303) Seems To Use Debt Quite Sensibly1 month ago | Simply Wall St
Is Nan Ya Plastics Corporation's (TPE:1303) Recent Performancer Underpinned By Weak Financials?Valuation
Is Nan Ya Plastics undervalued compared to its fair value and its price relative to the market?
30.35x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: 1303 (NT$58.7) is trading above our estimate of fair value (NT$30.97)
Significantly Below Fair Value: 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 (30.4x) compared to the TW Chemicals industry average (21.6x).
PE vs Market: 1303 is poor value based on its PE Ratio (30.4x) compared to the TW market (18.4x).
Price to Earnings Growth Ratio
PEG Ratio: 1303 is good value based on its PEG Ratio (0.9x)
Price to Book Ratio
PB vs Industry: 1303 is overvalued based on its PB Ratio (1.5x) 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?
32.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 1303's forecast earnings growth (32.2% per year) is above the savings rate (0.9%).
Earnings vs Market: 1303's earnings (32.2% per year) are forecast to grow faster than the TW market (16% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: 1303's revenue (6% per year) is forecast to grow slower than the TW market (8.4% per year).
High Growth Revenue: 1303's revenue (6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 1303's Return on Equity is forecast to be low in 3 years time (8.3%).
Next Steps
Past Performance
How has Nan Ya Plastics performed over the past 5 years?
-3.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 1303 has high quality earnings.
Growing Profit Margin: 1303's current net profit margins (5.7%) are lower than last year (10.9%).
Past Earnings Growth Analysis
Earnings Trend: 1303's earnings have declined by 3.8% 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 (-54.1%) over the past year, making it difficult to compare to the Chemicals industry average (-1.9%).
Return on Equity
High ROE: 1303's Return on Equity (5%) is considered low.
Next Steps
Financial Health
How is Nan Ya Plastics's financial position?
Financial Position Analysis
Short Term Liabilities: 1303's short term assets (NT$197.6B) exceed its short term liabilities (NT$110.3B).
Long Term Liabilities: 1303's short term assets (NT$197.6B) exceed its long term liabilities (NT$118.5B).
Debt to Equity History and Analysis
Debt Level: 1303's debt to equity ratio (43.8%) is considered high.
Reducing Debt: 1303's debt to equity ratio has increased from 37.6% to 43.8% over the past 5 years.
Debt Coverage: 1303's debt is well covered by operating cash flow (37.3%).
Interest Coverage: 1303 earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
Next Steps
Dividend
What is Nan Ya Plastics's current dividend yield, its reliability and sustainability?
3.75%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 1303's dividend (3.75%) is higher than the bottom 25% of dividend payers in the TW market (2.26%).
High Dividend: 1303's dividend (3.75%) is low compared to the top 25% of dividend payers in the TW market (5.5%).
Stability and Growth of Payments
Stable Dividend: 1303's dividend payments have been volatile in the past 10 years.
Growing Dividend: 1303's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (113.8%), 1303's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 1303's dividends in 3 years are forecast to be covered by earnings (74.7% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
4.9yrs
Average management tenure
CEO
Ming-Jen Tzou
5.25yrs
Tenure
Mr. Ming-Jen Tzou has been the President of Nan Ya Plastics Corporation since July 1, 2015 and has been its Director since May 22, 1998. Mr. Tzou served as an Executive Vice President of Nan Ya Plastics Co ...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President & Director | 5.25yrs | no data | no data | |
| Financial Officer | 7.58yrs | no data | no data | |
| Accounting Officer | 7.58yrs | no data | no data | |
| MD & Director | 13.33yrs | no data | 0.47% NT$ 2.2b | |
| MD & Director | 13.33yrs | no data | 0.65% NT$ 3.0b | |
| MD & Independent Director | 11.33yrs | no data | no data | |
| Senior Vice President | no data | no data | no data | |
| Senior Vice President | 1.58yrs | no data | 0.00010% NT$ 465.5k | |
| Senior VP & Director | 1.33yrs | no data | no data | |
| Senior VP & Director | 4.33yrs | no data | no data | |
| MD & Executive Director | 13.33yrs | no data | 0.24% NT$ 1.1b | |
| Senior VP & Director | 28.5yrs | no data | no data |
4.9yrs
Average Tenure
Experienced Management: 1303's management team is considered experienced (4.9 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President & Director | 5.25yrs | no data | no data | |
| MD & Director | 13.33yrs | no data | 0.47% NT$ 2.2b | |
| MD & Director | 13.33yrs | no data | 0.65% NT$ 3.0b | |
| MD & Independent Director | 11.33yrs | no data | no data | |
| Senior VP & Director | 1.33yrs | no data | no data | |
| Senior VP & Director | 4.33yrs | no data | no data | |
| MD & Executive Director | 13.33yrs | no data | 0.24% NT$ 1.1b | |
| Senior VP & Director | 28.5yrs | no data | no data | |
| Senior VP & Director | 13.33yrs | no data | no data | |
| Chairman | 7.33yrs | no data | 0.0017% NT$ 7.9m | |
| Independent Director | 9.33yrs | no data | 0.000020% NT$ 93.1k | |
| Director | 13.33yrs | no data | 0.00033% NT$ 1.5m |
13.3yrs
Average Tenure
Experienced Board: 1303's board of directors are seasoned and experienced ( 13.3 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
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$465.539b
- Shares outstanding: 7.93b
- Website: https://www.npc.com.tw
Number of Employees
Location
- Nan Ya Plastics Corporation
- 101, Shuiguan Road
- Renwu District
- Kaohsiung
- 814
- Taiwan
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 1303 | TSEC (Taiwan Stock Exchange) | Yes | Common Stock | TW | TWD | Jan 1992 |
Biography
Nan Ya Plastics Corporation manufactures and sells plastics products, plastic materials, petrochemicals, electronic materials, and polyester fiber products in Taiwan, China and Hong Kong, the United States ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/10/30 14:36 |
| End of Day Share Price | 2020/10/30 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
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.