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Formosa Plastics TWSE:1301 Stock Report

Last Price

NT$48.25

Market Cap

NT$307.1b

7D

9.2%

1Y

-41.4%

Updated

17 Sep, 2024

Data

Company Financials +

Formosa Plastics Corporation

TWSE:1301 Stock Report

Market Cap: NT$307.1b

1301 Stock Overview

Manufactures and sells plastic raw materials, chemical fibers, and petrochemical products in Taiwan, Mainland China, and internationally.

About the company

1301 fundamental analysis
Snowflake Score
Valuation1/6
Future Growth3/6
Past Performance4/6
Financial Health3/6
Dividends1/6

Rewards

Earnings are forecast to grow 58.13% per year
Earnings grew by 176.8% over the past year

Risk Analysis

Dividend of 2.07% is not well covered by earnings or free cash flows

Formosa Plastics Corporation Competitors

Nan Ya Plastics

TWSE:1303

NT$334.3b

Formosa Chemicals & Fibre

TWSE:1326

NT$237.8b

Eternal Materials

TWSE:1717

NT$36.7b

China Petrochemical Development

TWSE:1314

NT$36.3b

Price History & Performance

Summary of all time highs, changes and price drops for Formosa Plastics
Historical stock prices
Current Share PriceNT$48.25
52 Week HighNT$82.70
52 Week LowNT$44.15
Beta0.49
11 Month Change-7.92%
3 Month Change-19.58%
1 Year Change-41.44%
33 Year Change-52.70%
5 Year Change-50.10%
Change since IPO112.37%

Recent News & Updates

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

Sep 07
Investors Still Waiting For A Pull Back In Formosa Plastics Corporation (TWSE:1301)

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

Jul 30
We Think Formosa Plastics (TWSE:1301) Has A Fair Chunk Of Debt

Recent updates

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

Sep 07
Investors Still Waiting For A Pull Back In Formosa Plastics Corporation (TWSE:1301)

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

Jul 30
We Think Formosa Plastics (TWSE:1301) Has A Fair Chunk Of Debt

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

Jun 07
Revenues Tell The Story For Formosa Plastics Corporation (TWSE:1301)

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

May 12
Formosa Plastics Corporation Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

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

Apr 23
Formosa Plastics (TWSE:1301) Is Making Moderate Use Of Debt

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

Mar 28
Formosa Plastics Corporation (TWSE:1301) Analysts Are More Bearish Than They Used To Be

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

Mar 14
Formosa Plastics' (TWSE:1301) Anemic Earnings Might Be Worse Than You Think

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

Feb 26
What You Can Learn From Formosa Plastics Corporation's (TWSE:1301) P/S

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

Apr 17
Investors In Formosa Plastics Corporation (TPE:1301) Should Consider This, First

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

Mar 18
Will The ROCE Trend At Formosa Plastics (TPE:1301) Continue?

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

Feb 27
Are Investors Undervaluing Formosa Plastics Corporation (TPE:1301) By 34%?

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

Feb 06
Formosa Plastics (TPE:1301) Has Compensated Shareholders With A Respectable 53% Return On Their Investment

Shareholder Returns

1301TW ChemicalsTW Market
7D9.2%6.2%3.1%
1Y-41.4%-21.0%29.5%

Return vs Industry: 1301 underperformed the TW Chemicals industry which returned -21% over the past year.

Return vs Market: 1301 underperformed the TW Market which returned 29.5% over the past year.

Price Volatility

Is 1301's price volatile compared to industry and market?
1301 volatility
1301 Average Weekly Movement4.0%
Chemicals Industry Average Movement5.6%
Market Average Movement5.7%
10% most volatile stocks in TW Market9.3%
10% least volatile stocks in TW Market3.1%

Stable Share Price: 1301's share price has been volatile over the past 3 months.

Volatility Over Time: 1301's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1954n/aWen-Bee Kuowww.fpc.com.tw

Formosa Plastics Corporation manufactures and sells plastic raw materials, chemical fibers, and petrochemical products in Taiwan, Mainland China, and internationally. The company’s plastic products include PVC, high-density polyethylene, linear low-density polyethylene, ethylene vinyl acetate copolymer, polyethylene wax, polypropylene, and acetate copolymer. It also provides chemicals, such as liquid caustic soda, caustic soda solid, liquid chlorine, vinyl chloride, dichloroethane, acrylonitrile, acetonitrile, methyl methacrylate, methacrylate, epichlorohydrin, methyl tertiary butyl ether, acrylate, superabsorbent resin, and n-butanol.

Formosa Plastics Corporation Fundamentals Summary

How do Formosa Plastics's earnings and revenue compare to its market cap?
1301 fundamental statistics
Market capNT$307.15b
Earnings (TTM)NT$5.36b
Revenue (TTM)NT$197.70b

57.4x

P/E Ratio

1.6x

P/S Ratio

Is 1301 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
1301 income statement (TTM)
RevenueNT$197.70b
Cost of RevenueNT$186.69b
Gross ProfitNT$11.00b
Other ExpensesNT$5.65b
EarningsNT$5.36b

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)0.84
Gross Margin5.57%
Net Profit Margin2.71%
Debt/Equity Ratio43.8%

How did 1301 perform over the long term?

See historical performance and comparison

Dividends

2.1%

Current Dividend Yield

119%

Payout Ratio