1301 Stock Overview
Formosa Plastics Corporation produces and sells intermediate raw materials for plastics in Taiwan, Mainland China, and internationally.
Formosa Plastics Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||NT$107.50|
|52 Week High||NT$121.00|
|52 Week Low||NT$86.60|
|1 Month Change||3.87%|
|3 Month Change||-2.27%|
|1 Year Change||17.62%|
|3 Year Change||7.50%|
|5 Year Change||19.18%|
|Change since IPO||373.17%|
Recent News & Updates
Investors In Formosa Plastics Corporation (TPE:1301) Should Consider This, First
Could Formosa Plastics Corporation ( TPE:1301 ) be an attractive dividend share to own for the long haul? Investors are...
|1301||TW Chemicals||TW Market|
Return vs Industry: 1301 underperformed the TW Chemicals industry which returned 20.4% over the past year.
Return vs Market: 1301 matched the TW Market which returned 16.7% over the past year.
|1301 Average Weekly Movement||2.8%|
|Chemicals Industry Average Movement||4.1%|
|Market Average Movement||4.3%|
|10% most volatile stocks in TW Market||8.5%|
|10% least volatile stocks in TW Market||1.7%|
Stable Share Price: 1301 is not significantly more volatile than the rest of TW stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: 1301's weekly volatility (3%) has been stable over the past year.
About the Company
Formosa Plastics Corporation produces and sells intermediate raw materials for plastics in Taiwan, Mainland China, and internationally. Its plastic products include PVC resins, high density polyethylene resins, linear low density polyethylene resins, ethylene vinyl acetate copolymer resins, PE wax, polypropylene (PP), polyoxymethylene, and PP or PE-based masterbatches. The company also provides chemicals, such as liquid caustic soda, caustic soda solid, liquid chlorine, vinyl chloride monomers, ethylene dichloride, acrylonitrile, acetonitrile, methyl methacrylate, methacrylic acid, epichlorohydrin, methyl tertiary butyl ether, acrylic acid and esters, SAP chemicals, and n-butanol; and petrochemical products.
Formosa Plastics Fundamentals Summary
|1301 fundamental statistics|
Is 1301 overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|1301 income statement (TTM)|
|Cost of Revenue||NT$186.19b|
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
|Earnings per share (EPS)||10.24|
|Net Profit Margin||25.69%|
How did 1301 perform over the long term?See historical performance and comparison
2.2%Current Dividend Yield
Is Formosa Plastics undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: 1301 (NT$107.5) is trading above our estimate of fair value (NT$97.21)
Significantly Below Fair Value: 1301 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: 1301 is good value based on its PE Ratio (10.5x) compared to the TW Chemicals industry average (18.8x).
PE vs Market: 1301 is good value based on its PE Ratio (10.5x) compared to the TW market (17x).
Price to Earnings Growth Ratio
PEG Ratio: 1301's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: 1301 is overvalued based on its PB Ratio (1.8x) compared to the TW Chemicals industry average (1.5x).
How is Formosa Plastics forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 1301's earnings are forecast to decline over the next 3 years (-9.5% per year).
Earnings vs Market: 1301's earnings are forecast to decline over the next 3 years (-9.5% per year).
High Growth Earnings: 1301's earnings are forecast to decline over the next 3 years.
Revenue vs Market: 1301's revenue is expected to decline over the next 3 years (-2.2% per year).
High Growth Revenue: 1301's revenue is forecast to decline over the next 3 years (-2.2% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 1301's Return on Equity is forecast to be low in 3 years time (14.4%).
How has Formosa Plastics performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 1301 has high quality earnings.
Growing Profit Margin: 1301's current net profit margins (25.7%) are higher than last year (6.9%).
Past Earnings Growth Analysis
Earnings Trend: 1301's earnings have declined by 4.3% per year over the past 5 years.
Accelerating Growth: 1301's earnings growth over the past year (422.7%) exceeds its 5-year average (-4.3% per year).
Earnings vs Industry: 1301 earnings growth over the past year (422.7%) exceeded the Chemicals industry 69.9%.
Return on Equity
High ROE: 1301's Return on Equity (17%) is considered low.
How is Formosa Plastics's financial position?
Financial Position Analysis
Short Term Liabilities: 1301's short term assets (NT$182.0B) exceed its short term liabilities (NT$60.2B).
Long Term Liabilities: 1301's short term assets (NT$182.0B) exceed its long term liabilities (NT$82.0B).
Debt to Equity History and Analysis
Debt Level: 1301 has more cash than its total debt.
Reducing Debt: 1301's debt to equity ratio has reduced from 32.1% to 20.1% over the past 5 years.
Debt Coverage: 1301's debt is well covered by operating cash flow (70.5%).
Interest Coverage: 1301 earns more interest than it pays, so coverage of interest payments is not a concern.
What is Formosa Plastics's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 1301's dividend (2.23%) is higher than the bottom 25% of dividend payers in the TW market (1.87%).
High Dividend: 1301's dividend (2.23%) is low compared to the top 25% of dividend payers in the TW market (5.02%).
Stability and Growth of Payments
Stable Dividend: 1301's dividend payments have been volatile in the past 10 years.
Growing Dividend: 1301's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (23.4%), 1301's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 1301's dividends in 3 years are forecast to be covered by earnings (74% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. Jaing-Nan Lin, also known as Jason, has been President of Formosa Plastics Corporation, U.S.A. since August 11, 2015. Mr. Lin serves as the Chairman of Formosa Plastics Corporation and served as its Se...
Experienced Management: 1301's management team is considered experienced (4.8 years average tenure).
Experienced Board: 1301's board of directors are seasoned and experienced ( 15.6 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Formosa Plastics Corporation's employee growth, exchange listings and data sources
- Name: Formosa Plastics Corporation
- Ticker: 1301
- Exchange: TWSE
- Founded: 1954
- Industry: Commodity Chemicals
- Sector: Materials
- Implied Market Cap: NT$684.317b
- Shares outstanding: 6.37b
- Website: https://www.fpc.com.tw
- Formosa Plastics Corporation
- No. 100, Shuiguan Road
- Renwu District
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/01/20 15:49|
|End of Day Share Price||2022/01/20 00:00|
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.