Formosa Plastics Future Growth

Future criteria checks 3/6

Formosa Plastics is forecast to grow earnings and revenue by 58.1% and 3.8% per annum respectively. EPS is expected to grow by 50.2% per annum. Return on equity is forecast to be 5.5% in 3 years.

Key information

58.1%

Earnings growth rate

50.2%

EPS growth rate

Chemicals earnings growth	42.0%
Revenue growth rate	3.8%
Future return on equity	5.5%
Analyst coverage	Good
Last updated	09 Sep 2024

Recent future growth updates

Formosa Plastics Corporation Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

May 12

Recent updates

Investors Still Waiting For A Pull Back In Formosa Plastics Corporation (TWSE:1301)

Sep 07

We Think Formosa Plastics (TWSE:1301) Has A Fair Chunk Of Debt

Jul 30

Revenues Tell The Story For Formosa Plastics Corporation (TWSE:1301)

Jun 07

Formosa Plastics Corporation Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

May 12

Formosa Plastics (TWSE:1301) Is Making Moderate Use Of Debt

Apr 23

Formosa Plastics Corporation (TWSE:1301) Analysts Are More Bearish Than They Used To Be

Mar 28

Formosa Plastics' (TWSE:1301) Anemic Earnings Might Be Worse Than You Think

Mar 14

What You Can Learn From Formosa Plastics Corporation's (TWSE:1301) P/S

Feb 26

Investors In Formosa Plastics Corporation (TPE:1301) Should Consider This, First

Apr 17

Will The ROCE Trend At Formosa Plastics (TPE:1301) Continue?

Mar 18

Are Investors Undervaluing Formosa Plastics Corporation (TPE:1301) By 34%?

Feb 27

Formosa Plastics (TPE:1301) Has Compensated Shareholders With A Respectable 53% Return On Their Investment

Feb 06

Earnings and Revenue Growth Forecasts

TWSE:1301 - Analysts future estimates and past financials data (TWD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	214,552	27,662	N/A	N/A	4
12/31/2025	217,016	24,877	9,377	20,405	9
12/31/2024	207,887	13,237	4,509	15,215	7
6/30/2024	197,696	5,356	-13,812	1,929	N/A
3/31/2024	195,034	5,216	-8,716	6,737	N/A
12/31/2023	199,139	7,338	-7,479	6,157	N/A
9/30/2023	202,462	2,846	464	13,376	N/A
6/30/2023	207,379	1,935	21,358	32,962	N/A
3/31/2023	232,857	21,911	25,201	38,464	N/A
12/31/2022	251,647	36,143	42,015	56,802	N/A
9/30/2022	274,988	60,386	49,278	65,070	N/A
6/30/2022	286,272	73,940	38,705	56,809	N/A
3/31/2022	284,000	72,969	44,305	62,122	N/A
12/31/2021	273,598	71,355	39,578	57,859	N/A
9/30/2021	253,827	65,215	37,025	54,475	N/A
6/30/2021	233,065	56,251	30,500	46,369	N/A
3/31/2021	204,396	35,390	31,786	44,583	N/A
12/31/2020	185,813	20,036	22,347	31,444	N/A
9/30/2020	179,730	12,477	18,318	29,216	N/A
6/30/2020	183,270	17,803	29,552	40,517	N/A
3/31/2020	196,856	28,790	21,698	36,093	N/A
12/31/2019	207,849	37,324	29,235	46,580	N/A
9/30/2019	215,649	36,505	30,758	46,247	N/A
6/30/2019	223,308	39,009	30,120	49,806	N/A
3/31/2019	229,215	45,807	38,659	55,971	N/A
12/31/2018	230,370	49,550	34,779	50,507	N/A
9/30/2018	227,085	60,072	32,562	47,584	N/A
6/30/2018	223,192	58,819	40,565	49,838	N/A
3/31/2018	213,081	51,376	N/A	50,359	N/A
12/31/2017	206,710	49,383	N/A	46,070	N/A
9/30/2017	204,089	48,584	N/A	50,382	N/A
6/30/2017	192,753	43,053	N/A	35,552	N/A
3/31/2017	185,187	43,570	N/A	30,267	N/A
12/31/2016	180,173	39,393	N/A	36,548	N/A
9/30/2016	175,572	33,179	N/A	36,927	N/A
6/30/2016	180,422	32,314	N/A	32,980	N/A
3/31/2016	186,631	32,946	N/A	35,695	N/A
12/31/2015	191,545	30,877	N/A	40,832	N/A
9/30/2015	195,929	24,504	N/A	32,162	N/A
6/30/2015	204,275	21,461	N/A	27,856	N/A
3/31/2015	212,296	14,336	N/A	24,593	N/A
12/31/2014	216,589	17,875	N/A	13,438	N/A
9/30/2014	222,305	24,035	N/A	16,076	N/A
6/30/2014	220,109	23,031	N/A	10,039	N/A
3/31/2014	217,370	22,399	N/A	13,497	N/A
12/31/2013	215,425	20,716	N/A	16,268	N/A
9/30/2013	208,598	18,015	N/A	16,356	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 1301's forecast earnings growth (58.1% per year) is above the savings rate (1%).

Earnings vs Market: 1301's earnings (58.1% per year) are forecast to grow faster than the TW market (18.4% per year).

High Growth Earnings: 1301's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 1301's revenue (3.8% per year) is forecast to grow slower than the TW market (11.7% per year).

High Growth Revenue: 1301's revenue (3.8% per year) is forecast to grow slower than 20% 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 (5.5%).

Formosa Plastics Future Growth

Future criteria checks 3/6

Key information

Recent future growth updates

Formosa Plastics Corporation Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

Price target decreased by 9.0% to NT$74.00

Consensus revenue estimates fall by 11%

Consensus EPS estimates fall by 12%

Consensus EPS estimates increase by 37%

Consensus EPS estimates fall by 43%

Recent updates

Investors Still Waiting For A Pull Back In Formosa Plastics Corporation (TWSE:1301)

Second quarter 2024 earnings: EPS in line with expectations, revenues disappoint

Formosa Plastics Corporation to Report Q2, 2024 Results on Aug 08, 2024

We Think Formosa Plastics (TWSE:1301) Has A Fair Chunk Of Debt

Upcoming dividend of NT$1.00 per share

Formosa Plastics Corporation Announces Change of the Sustainable Development Committee Members

Revenues Tell The Story For Formosa Plastics Corporation (TWSE:1301)

Formosa Plastics Corporation Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

First quarter 2024 earnings released: EPS: NT$0.06 (vs NT$0.37 in 1Q 2023)

Formosa Plastics (TWSE:1301) Is Making Moderate Use Of Debt

Price target decreased by 9.0% to NT$74.00

Formosa Plastics Corporation (TWSE:1301) Analysts Are More Bearish Than They Used To Be

Consensus revenue estimates fall by 11%

Formosa Plastics' (TWSE:1301) Anemic Earnings Might Be Worse Than You Think

Full year 2023 earnings: EPS and revenues miss analyst expectations

Formosa Plastics Corporation, Annual General Meeting, Jun 20, 2024

What You Can Learn From Formosa Plastics Corporation's (TWSE:1301) P/S

Consensus EPS estimates fall by 12%

Third quarter 2023 earnings: EPS in line with expectations, revenues disappoint

Consensus EPS estimates increase by 37%

Consensus EPS estimates fall by 43%

Consensus EPS estimates increase by 13%

New minor risk - Earnings quality

Second quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind

Consensus EPS estimates fall by 17%

Consensus EPS estimates fall by 10%

New major risk - Dividend sustainability

Upcoming dividend of NT$4.20 per share at 4.6% yield

Formosa Plastics Corporation Announces Cash Dividend, Payable on July 26, 2023

Consensus revenue estimates decrease by 13%

Formosa Plastics Corporation Announces Demise of C.T. Lee, Director

Consensus EPS estimates increase by 22%, revenue downgraded

Consensus EPS estimates fall by 39%

Full year 2022 earnings: EPS misses analyst expectations

Consensus EPS estimates fall by 12%

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

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

Price target decreased to NT$109

Now 22% undervalued after recent price drop

Consensus revenue estimates fall by 12%

Second quarter 2022 earnings: EPS and revenues exceed analyst expectations

Investor sentiment deteriorated over the past week

Upcoming dividend of NT$8.20 per share

First quarter 2022 earnings: EPS and revenues exceed analyst expectations

Formosa Plastics Corporation Announces Formation of Sustainable Development Committee

Full year 2021 earnings: EPS exceeds analyst expectations

Third quarter 2021 earnings released: EPS NT$3.03 (vs NT$1.63 in 3Q 2020)

Second quarter 2021 earnings released: EPS NT$3.18 (vs NT$0.099 loss in 2Q 2020)

Upcoming dividend of NT$2.40 per share

Consensus EPS estimates increase to NT$8.39

First quarter 2021 earnings released: EPS NT$2.35 (vs NT$0.062 loss in 1Q 2020)

Investors In Formosa Plastics Corporation (TPE:1301) Should Consider This, First

Consensus EPS estimates increase to NT$7.83

Formosa Plastics Corporation Proposes Dividend Distribution for the Year Ended December 31, 2020

Will The ROCE Trend At Formosa Plastics (TPE:1301) Continue?

Formosa Plastics Corporation, Annual General Meeting, Jun 23, 2021

Full year 2020 earnings released: EPS NT$3.15 (vs NT$5.86 in FY 2019)

Are Investors Undervaluing Formosa Plastics Corporation (TPE:1301) By 34%?

New 90-day high: NT$99.80

Price target raised to NT$107

Formosa Plastics (TPE:1301) Has Compensated Shareholders With A Respectable 53% Return On Their Investment

New 90-day high: NT$97.10

New 90-day high: NT$92.30

Analysts update estimates

New 90-day high: NT$89.30

Third quarter 2020 earnings released: EPS NT$1.63

Earnings beat expectations, revenue disappoints

New 90-day high: NT$84.90

Formosa Plastics Corporation announced that it expects to receive TWD 1.5 million in funding from Formosa Chemicals & Fibre Corporation