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Nan Ya Plastics Corporation (1303) AI Stock Analysis

TW:1303

Nan Ya Plastics Corporation

(TWSE:1303)

Select Model
Rating:42Neutral
Price Target:TWD 230.00â–¼(-26.52% Downside)
Action:initiatedcoverage
Date:11/10/26

The score is constrained primarily by weak profitability and deteriorating cash flow. The balance sheet provides some stability, but weak technical momentum and an elevated P/E ratio further limit the stock’s overall investment appeal.

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)

-100%0%100%200%300%400%500%600%TW:1303+456.66%SPY+14.30%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
TWD 2.41T
Dividend Yield
0.26%
Average Volume (3M)
93.98M
Price to Earnings (P/E)
50.5
Beta (1Y)
1.17
Revenue Growth
18.48%
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

Weak profitability and sharply deteriorating cash generation, including negative free cash flow, materially outweigh the relatively solid balance sheet and manageable leverage.

Income Statement

28Negative

Balance Sheet

65Positive

Cash Flow

20Very Negative
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue280.87B259.92B259.61B259.76B355.18B411.67B
Gross Profit34.18B20.13B18.58B19.24B53.91B103.85B
EBITDA44.52B26.21B30.16B36.57B70.41B124.76B
Net Income49.19B4.52B3.34B6.31B32.11B81.30B
Balance Sheet
Total Assets723.03B610.60B617.47B648.53B665.32B668.70B
Cash, Cash Equivalents and Short-Term Investments67.76B64.12B82.70B114.28B126.50B120.36B
Total Debt149.11B173.21B180.64B190.79B174.78B140.43B
Total Liabilities225.38B238.80B254.87B271.44B271.21B239.95B
Stockholders Equity477.75B355.67B346.58B360.14B375.10B414.07B
Cash Flow
Free Cash Flow-9.11B-2.68B6.15B11.72B44.05B49.70B
Operating Cash Flow5.29B8.65B18.79B35.68B75.30B78.88B
Investing Cash Flow8.17B-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
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%
TW:6505TW:650555NeutralTWD 853.53B11.13―1.32%16.05%1097.89%
TW:6274TW:627454NeutralTWD 294.07B36.17―0.71%86.84%165.06%
TW:8046TW:804653NeutralTWD 649.40B123.38―0.19%41.80%773.78%
TW:1326TW:132645NeutralTWD 418.20B24.59―0.82%8.51%―
TW:1303TW:130342NeutralTWD 2.29T50.48―0.26%18.48%―
TW:1301TW:130140UnderperformTWD 444.97B42.80―0.71%-11.04%―

* General Sector Average

Performance Comparison

0%200%400%TW:1303TW:1301TW:1326TW:6274TW:6505TW:8046Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
TW:1303 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
TW:1303Nan Ya Plastics Corporation313.00257.67465.68%
TW:1301Formosa Plastics Corporation70.2028.0566.55%
TW:1326Formosa Chemicals & Fibre Corporation73.5039.88118.65%
TW:6274Taiwan Union Technology Corporation1060.00665.65168.80%
TW:6505Formosa Petrochemical Corp91.2039.1875.33%
TW:8046Nan Ya Printed Circuit Board Corporation1080.00798.09283.10%
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