company background image
1303

Nan Ya Plastics TWSE:1303 Stock Report

Last Price

NT$67.60

Market Cap

NT$536.1b

7D

0.4%

1Y

-23.5%

Updated

07 Aug, 2022

Data

Company Financials +
1303 fundamental analysis
Snowflake Score
Valuation5/6
Future Growth0/6
Past Performance4/6
Financial Health6/6
Dividends4/6

1303 Stock Overview

Nan Ya Plastics Corporation engages in the manufacture and sale of plastic products, polyester fibers, petrochemical products, and electronic materials in Taiwan, China and Hong Kong, the United States, and internationally.

Nan Ya Plastics Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Nan Ya Plastics
Historical stock prices
Current Share PriceNT$67.60
52 Week HighNT$94.00
52 Week LowNT$60.10
Beta0.58
1 Month Change4.00%
3 Month Change-20.19%
1 Year Change-23.53%
3 Year Change-0.73%
5 Year Change-9.63%
Change since IPO208.12%

Recent News & Updates

Shareholder Returns

1303TW ChemicalsTW Market
7D0.4%-1.2%0.1%
1Y-23.5%-17.4%-14.4%

Return vs Industry: 1303 underperformed the TW Chemicals industry which returned -17.4% over the past year.

Return vs Market: 1303 underperformed the TW Market which returned -14.4% over the past year.

Price Volatility

Is 1303's price volatile compared to industry and market?
1303 volatility
1303 Average Weekly Movement5.6%
Chemicals Industry Average Movement4.5%
Market Average Movement5.1%
10% most volatile stocks in TW Market8.4%
10% least volatile stocks in TW Market2.5%

Stable Share Price: 1303 is not significantly more volatile than the rest of TW stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: 1303's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1958n/aMing-Jen Tzouhttps://www.npc.com.tw

Nan Ya Plastics Corporation engages in the manufacture and sale of plastic products, polyester fibers, petrochemical products, and electronic materials in Taiwan, China and Hong Kong, the United States, and internationally. It provides plastics products comprising PP synthetic papers, adhesives, optical films, outdoor and interior decoration materials, synthetic leather, TPU films, PU resins, fire rated doors, windows, plastic pallets, PVC cling films, PE stretch films, CPP films, BOPP films, engineering and PVC compounds, unsaturated polyester, pipes and fittings, rigid sheets, A-PET sheets/rigid films, PVC sheets, PVC rigid sheets, PP sheets, and injection molding products, as well as decoration, window, and PET films; and PU discs. The company also offers electronic materials, including copper clad laminates, glass fabrics, liquid crystal display products, touch panels, copper foils, and PCB inks.

Nan Ya Plastics Fundamentals Summary

How do Nan Ya Plastics's earnings and revenue compare to its market cap?
1303 fundamental statistics
Market CapNT$536.12b
Earnings (TTM)NT$78.68b
Revenue (TTM)NT$424.05b

6.8x

P/E Ratio

1.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
1303 income statement (TTM)
RevenueNT$424.05b
Cost of RevenueNT$322.02b
Gross ProfitNT$102.03b
Other ExpensesNT$23.35b
EarningsNT$78.68b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)9.92
Gross Margin24.06%
Net Profit Margin18.56%
Debt/Equity Ratio30.0%

How did 1303 perform over the long term?

See historical performance and comparison

Dividends

11.1%

Current Dividend Yield

76%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is 1303 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 1303?

Other financial metrics that can be useful for relative valuation.

1303 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.3x
Enterprise Value/EBITDA5.9x
PEG Ratio-1.6x

Price to Earnings Ratio vs Peers

How does 1303's PE Ratio compare to its peers?

1303 PE Ratio vs Peers
The above table shows the PE ratio for 1303 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average11.6x
1301 Formosa Plastics
7.9x-4.0%NT$579.3b
1326 Formosa Chemicals & Fibre
12.8x-7.5%NT$404.2b
1717 Eternal Materials
11.4xn/aNT$39.0b
1314 China Petrochemical Development
14.2xn/aNT$38.0b
1303 Nan Ya Plastics
6.8x-4.2%NT$536.1b

Price-To-Earnings vs Peers: 1303 is good value based on its Price-To-Earnings Ratio (6.8x) compared to the peer average (11.6x).


Price to Earnings Ratio vs Industry

How does 1303's PE Ratio compare vs other companies in the TW Chemicals Industry?

Price-To-Earnings vs Industry: 1303 is good value based on its Price-To-Earnings Ratio (6.8x) compared to the TW Chemicals industry average (14.7x)


Price to Earnings Ratio vs Fair Ratio

What is 1303's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

1303 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio6.8x
Fair PE Ratio13.9x

Price-To-Earnings vs Fair Ratio: 1303 is good value based on its Price-To-Earnings Ratio (6.8x) compared to the estimated Fair Price-To-Earnings Ratio (13.9x).


Share Price vs Fair Value

What is the Fair Price of 1303 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 1303 (NT$67.6) is trading below our estimate of fair value (NT$106.52)

Significantly Below Fair Value: 1303 is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is less than 20% higher than the current share price.


Discover undervalued companies

Future Growth

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

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


-4.2%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 1303's earnings are forecast to decline over the next 3 years (-4.2% per year).

Earnings vs Market: 1303's earnings are forecast to decline over the next 3 years (-4.2% per year).

High Growth Earnings: 1303's earnings are forecast to decline over the next 3 years.

Revenue vs Market: 1303's revenue (0.2% per year) is forecast to grow slower than the TW market (7.3% per year).

High Growth Revenue: 1303's revenue (0.2% 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 (14%).


Discover growth companies

Past Performance

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

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-0.1%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 1303 has high quality earnings.

Growing Profit Margin: 1303's current net profit margins (18.6%) are higher than last year (14.2%).


Past Earnings Growth Analysis

Earnings Trend: 1303's earnings have declined by 0.1% per year over the past 5 years.

Accelerating Growth: 1303's earnings growth over the past year (85.8%) exceeds its 5-year average (-0.1% per year).

Earnings vs Industry: 1303 earnings growth over the past year (85.8%) exceeded the Chemicals industry 29.8%.


Return on Equity

High ROE: 1303's Return on Equity (18.3%) is considered low.


Discover strong past performing companies

Financial Health

How is Nan Ya Plastics's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 1303's short term assets (NT$261.2B) exceed its short term liabilities (NT$112.0B).

Long Term Liabilities: 1303's short term assets (NT$261.2B) exceed its long term liabilities (NT$124.1B).


Debt to Equity History and Analysis

Debt Level: 1303's net debt to equity ratio (3.7%) is considered satisfactory.

Reducing Debt: 1303's debt to equity ratio has reduced from 30.8% to 30% over the past 5 years.

Debt Coverage: 1303's debt is well covered by operating cash flow (55.8%).

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


Balance Sheet


Discover healthy companies

Dividend

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

Dividend Score

4/6

Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


11.09%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 1303's dividend (11.09%) is higher than the bottom 25% of dividend payers in the TW market (2.55%).

High Dividend: 1303's dividend (11.09%) is in the top 25% of dividend payers in the TW market (6.64%)


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.


Earnings Payout to Shareholders

Earnings Coverage: At its current payout ratio (75.6%), 1303's payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its high cash payout ratio (138.7%), 1303's dividend payments are not well covered by cash flows.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

6.1yrs

Average management tenure


CEO

Ming-Jen Tzou

7.08yrs

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

Experienced Management: 1303's management team is seasoned and experienced (6.1 years average tenure).


Board Members

Experienced Board: 1303's board of directors are seasoned and experienced ( 15.2 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 employee growth, exchange listings and data sources


Key Information

  • Name: Nan Ya Plastics Corporation
  • Ticker: 1303
  • Exchange: TWSE
  • Founded: 1958
  • Industry: Commodity Chemicals
  • Sector: Materials
  • Implied Market Cap: NT$536.124b
  • 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


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/07 00:00
End of Day Share Price2022/08/05 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.