Formosa Plastics Corporation stock analysis
Formosa Plastics Corporation (1301) Stock Price & Analysis
1301 Stock Chart & Stats
- Day’s Range
- TWD 58.90 - TWD 64.60
- 52-Week Range
- TWD 37.10 - TWD 89.40
- Previous Close
- TWD 65.10
- Volume
- N/A
- Average Volume (3M)
- 58.68M
- Market Cap
- TWD 399.13B
- Enterprise Value
- TWD 232.72B
- Total Cash (Recent Filing)
- TWD 274.27B
- Total Debt (Recent Filing)
- TWD 160.07B
- Price to Earnings (P/E)
- 42.0
- Beta
- 0.72
- Next Earnings
- Jan 12, 2027 (Est.)
- EPS Estimate
- N/A
- Last Dividend Ex-Date
- Jun 30, 2026
- Dividend Yield
- 0.80%
Bulls Say, Bears Say
Bulls Say
Diversified Petrochemical Portfolio
The broad product portfolio and exposure to multiple end markets provide a foundation for business resilience. Serving packaging, construction, consumer goods, and industrial customers can reduce reliance on any single application and preserve avenues for demand recovery across the cycle.
Moderate Leverage
Moderate leverage gives Formosa Plastics more financial flexibility while earnings are depressed. A sizable equity base and restrained debt burden can help the company absorb cyclical weakness, maintain strategic options, and avoid excessive balance-sheet pressure during recovery efforts.
Positive Operating Cash Flow
Continued positive operating cash flow indicates that the core business still generates cash before investment spending, even in a difficult operating cycle. This provides a baseline source of liquidity and partially offsets the constraints created by weak profitability and negative free cash flow.
Bears Say
Profitability Deterioration
The shift from strong earnings and high margins in 2021–2022 to losses in 2024–2025 shows that current pricing and volume conditions are materially impairing earnings power. Unless margins recover, the business may struggle to generate adequate returns on its substantial capital base.
Sustained Negative Free Cash Flow
Three years of negative free cash flow reduce the company’s ability to fund investment, dividends, or debt reduction internally. Although operating cash flow remains positive, persistent cash shortfalls can require ongoing funding or lower reinvestment until operating performance improves.
Declining Revenue
Revenue stagnation followed by a decline indicates that the current downturn is affecting the company’s top line as well as its margins. Prolonged weak sales can limit operating leverage, delay fixed-cost absorption, and make a return to prior earnings levels dependent on broader demand recovery.
1301 FAQ
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Company Description
Formosa Plastics Corporation
Formosa Plastics Corporation operates as a leading manufacturer and global supplier, producing plastic raw materials, chemical fibers, and a diverse range of petrochemical products. The company's reach extends throughout Taiwan, mainland China, and various international markets. Its extensive plastics portfolio encompasses materials such as PVC, high-density polyethylene (HDPE), linear low-density polyethylene (LLDPE), ethylene vinyl acetate (EVA) copolymer, polyethylene wax, polypropylene (PP), polyacetal, and various compound rubber particles. Beyond plastics, Formosa Plastics manufactures a broad spectrum of chemical substances. These include liquid caustic soda, solid alkali, liquid chlorine, vinyl chloride, dichloroethane, acrylonitrile, acetonitrile, methyl methacrylate, methacrylate, epichlorohydrin, methyl tertiary butyl ether (MTBE), acrylate, superabsorbent resin, and n-butanol. The corporation also develops and offers carbon fibers, in addition to providing advanced industrial computer systems for process control (DCS), warehouse logistics, real-time production management, safety monitoring, and laboratory information management. Further diversifying its offerings, Formosa Plastics supplies specialized items like dye-sensitized batteries, processing aids, impact modifiers, "haibo" products, chlorinated solvents, purified hydrogen, lithium-ion battery electrolytes, lime, calcium carbonate powder, hydrochloric acid, and antibacterial solutions. These versatile products are utilized across a wide array of applications and industries, including daily necessities, outdoor sports equipment, mechanical engineering, building materials and coatings, 3C home appliances, and various civil and agricultural livestock sectors. Formosa Plastics Corporation was established in 1954 and maintains its corporate headquarters in Kaohsiung, Taiwan.
- Sector
- General
- Industry
- Chemicals - Specialty
- CEO
- Jerry Lin
- Employees
- 7,437
- Website
- www.fpc.com.tw
- Address
- No. 100, Shuiguan Rd., Kaohsiung, TPE, 814, TW
Formosa Plastics Corporation (1301) Earnings & Revenues
Technical Analysis
Overall Consensus
| Indicator | Bullish | Neutral | Bearish |
|---|---|---|---|
| Overall Consensus | 7 | 3 | 12 |
| Technical Analysis | 5 | 3 | 2 |
| Moving Averages | 2 | 0 | 10 |

