Nan Ya Plastics Corporation (1303) AI Stock Analysis

Nan Ya Plastics Corporation

(TWSE:1303)

Select Model

Rating:41Neutral

Price Target:TWD 229.00▼(-21.84% Downside)

Action:initiatedcoverage

Date:11/10/26

The overall score of 41 reflects a stock under significant pressure. The most critical factor is the extremely weak financial performance, characterized by a cash-burning operation and a collapse in profitability, which poses a fundamental risk to the company's stability. This is compounded by bearish technical momentum, with the stock trading below key short-term moving averages and exhibiting oversold signals. Finally, the valuation is highly unattractive, with a P/E ratio over 42 on depressed earnings, offering no margin of safety. The manageable balance sheet is the only mitigating factor, but it is insufficient to offset the severe operational and market headwinds.

Positive Factors

Diversified Product PortfolioExposure across vinyl, chemicals, polyester, and functional materials gives Nan Ya multiple industrial demand channels spanning construction, packaging, textiles, and electronics. This breadth can reduce dependence on any single end market and support resilience when individual product cycles weaken.

Negative Factors

Sharp Profitability CompressionThe steep decline in net and operating margins shows that current earnings power is substantially weaker than during prior up-cycles. Thin profitability leaves less buffer against adverse product spreads or demand weakness and makes sustained returns dependent on a cyclical recovery.

Nan Ya Plastics Corporation (1303) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 2.41T
Dividend Yield: 0.27%
Average Volume (3M): 94.89M
Price to Earnings (P/E): 47.3
Beta (1Y): 1.17
Revenue Growth: 18.47%
EPS Growth: ―
Country: TW
Employees: 34,224
Sector: General
Sector Strength: 55
Industry: Chemicals

Nan Ya Plastics Corporation Business Overview & Revenue Model

Company Description

Established in 1958 and headquartered in Kaohsiung City, Taiwan, Nan Ya Plastics Corporation is a major global manufacturer and distributor. The company's extensive portfolio encompasses a broad spectrum of products, including plastics, polyester fib...

Nan Ya Plastics Corporation Financial Statement Overview

Summary

Financial performance is under severe stress. The income statement shows a dramatic collapse in revenue and margins, with net profit margin at just 1.7%. The cash flow statement is even more alarming, with operating cash flow down nearly 90% from its peak and free cash flow turning deeply negative, indicating an unsustainable cash burn. The balance sheet is the only relative bright spot, with manageable leverage, but return on equity has plummeted to 1.3%. Overall, the company is in a deep cyclical downturn with critical cash flow weakness.

Income Statement

18Very Negative

Balance Sheet

55Neutral

Cash Flow

10Very Negative

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	280.87B	259.92B	259.61B	259.76B	355.18B	411.67B
Gross Profit	34.18B	20.13B	18.58B	19.24B	53.91B	103.85B
EBITDA	44.52B	26.21B	30.16B	36.57B	70.41B	124.76B
Net Income	49.19B	4.52B	3.34B	6.31B	32.11B	81.30B
Balance Sheet
Total Assets	723.03B	610.60B	617.47B	648.53B	665.32B	668.70B
Cash, Cash Equivalents and Short-Term Investments	67.76B	64.12B	82.70B	114.28B	126.50B	120.36B
Total Debt	149.11B	173.21B	180.64B	190.79B	174.78B	140.43B
Total Liabilities	225.38B	238.80B	254.87B	271.44B	271.21B	239.95B
Stockholders Equity	477.75B	355.67B	346.58B	360.14B	375.10B	414.07B
Cash Flow
Free Cash Flow	-9.11B	-2.68B	6.15B	11.72B	44.05B	49.70B
Operating Cash Flow	5.29B	8.65B	18.79B	35.68B	75.30B	78.88B
Investing Cash Flow	8.17B	-11.56B	-17.90B	-31.41B	-41.38B	-33.31B
Financing Cash Flow	-39.23B	-16.52B	-20.11B	-11.93B	-22.90B	-25.89B

Nan Ya Plastics Corporation Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:1303 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:6505	55Neutral	TWD 868.77B	10.85	―	1.33%	16.05%	1097.89%
TW:6274	54Neutral	TWD 317.43B	32.77	―	0.79%	86.84%	165.06%
TW:8046	53Neutral	TWD 697.86B	77.82	―	0.21%	41.80%	773.78%
TW:1326	45Neutral	TWD 429.90B	23.82	―	0.84%	8.51%	―
TW:1303	41Neutral	TWD 2.48T	47.26	―	0.27%	18.47%	―
TW:1301	40Underperform	TWD 446.87B	41.65	―	0.73%	-5.41%	―

* General Sector Average

Performance Comparison

TW:1303 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:1303	Nan Ya Plastics Corporation	293.00	237.67	429.53%
TW:1301	Formosa Plastics Corporation	68.30	26.15	62.04%
TW:1326	Formosa Chemicals & Fibre Corporation	71.20	37.59	111.81%
TW:6274	Taiwan Union Technology Corporation	956.00	561.65	142.43%
TW:6505	Formosa Petrochemical Corp	90.20	38.18	73.40%
TW:8046	Nan Ya Printed Circuit Board Corporation	972.00	690.09	244.79%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Nov 09, 2026

Nan Ya Plastics Corporation AI Stock Analysis