Formosa Plastics Corp
TWSE:1301
Intrinsic Value
Formosa Plastics Corp. engages in the business of manufacturing and sale of plastic raw materials, chemical fibers, and petrochemical products. [ Read More ]
The intrinsic value of one
Formosa Plastics Corp
stock under the Base Case scenario is
57.01
TWD.
Compared to the current market price of 69.1 TWD,
Formosa Plastics Corp
is
Overvalued by 18%.
Formosa Plastics Corp's market capitalization is 439.9B TWD.
Formosa Plastics Corp stock price is 69.1 TWD.
Formosa Plastics Corp stock (57.01 TWD) is 18% less than its price (69.1 TWD).
Formosa Plastics Corp stock (64.95 TWD) is 6% less than its price (69.1 TWD). Open DCF Valuation
Formosa Plastics Corp stock (49.06 TWD) is 29% less than its price (69.1 TWD). Open Relative Valuation
Formosa Plastics Corp has upside potential of 18% compared to the average analyst price target.
Open Wall St Estimates
Formosa Plastics Corp has positive three-year average ROE (Return on Equity): 11%. The company is efficient at transforming stockholders' equity into net income.
Formosa Plastics Corp's Revenue has been growing by 2% per year for the last 3 years.
Formosa Plastics Corp has negative Operating Income for the last twelve months.
Formosa Plastics Corp's Altman Z-Score is equal to 2.58.
Formosa Plastics Corp has positive Net Income for the last twelve months.
Formosa Plastics Corp has positive Gross Profit for the last twelve months.
Formosa Plastics Corp has positive three-year average ROIC (Return on Invested Capital): 7%. The company is efficient at using invested capital to generate operating income.
Formosa Plastics Corp's ROIC (Return on Invested Capital) has decreased in the last 3 years from 6% to -1%.
Formosa Plastics Corp has positive Net Debt. This means that the company has more debt (111B TWD) than cash and short-term investments (99B TWD).
Formosa Plastics Corp's ROE (Return on Equity) for the past 12 months is very low and is equal to 2%.
Formosa Plastics Corp's ROE (Return on Equity) has decreased in the last 3 years from 11% to 2%.
Formosa Plastics Corp's ROIC (Return on Invested Capital) for the past 12 months is negative and is equal to -1%.
Formosa Plastics Corp's short-term assets (160B TWD) exceed its short-term liabilties (103B TWD).
Formosa Plastics Corp's Revenue has dropped by 21% over the past 12 months.
Formosa Plastics Corp has negative Free Cash Flow for the last twelve months.
Formosa Plastics Corp's long-term assets (531B TWD) exceed its long-term liabilties (183B TWD).
Formosa Plastics Corp's D/E (Debt to Equity) is very low and is equal to 0.32.
Formosa Plastics Corp doesn't generate enough operating income (-4B TWD) to safely cover interest payments on its debt (2B TWD).
Valuation Backtest
Formosa Plastics Corp
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Formosa Plastics Corp
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Fundamental Analysis
Formosa Plastics Corp
Balance Sheet Decomposition
Formosa Plastics Corp
| Current Assets | 159.6B |
| Cash & Short-Term Investments | 98.5B |
| Receivables | 35.1B |
| Other Current Assets | 26B |
| Non-Current Assets | 371.1B |
| Long-Term Investments | 240.9B |
| PP&E | 114.8B |
| Intangibles | 563.2m |
| Other Non-Current Assets | 14.8B |
| Current Liabilities | 103.1B |
| Accounts Payable | 11.6B |
| Short-Term Debt | 54.1B |
| Other Current Liabilities | 37.3B |
| Non-Current Liabilities | 80.3B |
| Long-Term Debt | 57.3B |
| Other Non-Current Liabilities | 23B |
Earnings Waterfall
Formosa Plastics Corp
|
Revenue
|
199.1B
TWD
|
|
Cost of Revenue
|
-189.3B
TWD
|
|
Gross Profit
|
9.8B
TWD
|
|
Operating Expenses
|
-13.9B
TWD
|
|
Operating Income
|
-4B
TWD
|
|
Other Expenses
|
11.4B
TWD
|
|
Net Income
|
7.3B
TWD
|
Free Cash Flow Analysis
Formosa Plastics Corp
What is Free Cash Flow?
Profitability Score
Profitability Due Diligence
Formosa Plastics Corp's profitability score is 49/100. The higher the profitability score, the more profitable the company is.
Score
Formosa Plastics Corp's profitability score is 49/100. The higher the profitability score, the more profitable the company is.
Solvency Score
Solvency Due Diligence
Formosa Plastics Corp's solvency score is 50/100. The higher the solvency score, the more solvent the company is.
Score
Formosa Plastics Corp's solvency score is 50/100. The higher the solvency score, the more solvent the company is.
Wall St
Price Targets
Price Targets Summary
Formosa Plastics Corp
According to Wall Street analysts, the average 1-year price target for
Formosa Plastics Corp
is 81.58 TWD
with a low forecast of 64.64 TWD and a high forecast of 99.75 TWD.
Shareholder Return
Price
Formosa Plastics Corp
| Average Annual Return | -0.26% |
| Standard Deviation of Annual Returns | 9.59% |
| Max Drawdown | -39% |
| Market Capitalization | 439.9B TWD |
| Shares Outstanding | 6 365 741 000 |
| Percentage of Shares Shorted |
N/A
|
Company Profile
Formosa Plastics Corp
Country
Industry
Market Cap
Dividend Yield
Description
Formosa Plastics Corp. engages in the business of manufacturing and sale of plastic raw materials, chemical fibers, and petrochemical products. The company is headquartered in Kaohsiung, Kaohsiung. The firm operates through eight divisions. The Plastic division provides polyvinyl chloride (PVC) powders and liquid soda. The Polyolefin division provides high-density polyethylene (PE), polyvinyl acetate, low-density PE and linear low-density PE. The Polypropylene division provides polypropylene products. The Taililang division provides acrylic staple fibers, acrylic ester and carbon fibers. The Chemicals division provides acrylonitrile, methyl tert-butyl ether, methacrylic ester and epoxy chloropropane. The Calcium Carbide division provides calcium carbonates and calcium carbides. The Public Work division provides water, electricity and steam. The Others division provides distributed control systems (DCSs).
Contact
IPO
Employees
Officers
The intrinsic value of one
Formosa Plastics Corp
stock under the Base Case scenario is
57.01
TWD.
Compared to the current market price of 69.1 TWD,
Formosa Plastics Corp
is
Overvalued by 18%.
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