Ocean Plastics Co., Ltd. AI Stock Analysis
Ocean Plastics Co., Ltd. (1321) AI Stock Analysis
Ocean Plastics Co., Ltd.
(TWSE:1321)
The score is held down primarily by deteriorating fundamentals: three straight years of revenue decline, compressed margins, an operating and net loss, and a NT$4.24 billion debt load that looks heavy against only NT$113 million of EBITDA. Positive and improving free cash flow plus a still-balanced capital structure provide some stability. Valuation adds further caution, with an inflated ~257x P/E driven by depressed earnings and only a 1.14% dividend yield. Technicals are mixed — price remains above its 50-, 100-, and 200-day averages, but weak RSI and stochastic readings show recent selling pressure. Investors should watch for revenue stabilization and margin recovery as the key turnaround signals.
Ocean Plastics Co., Ltd. (1321) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- TWD 7.30B
- Dividend Yield
- 1.14%
- Average Volume (3M)
- 149.34K
- Price to Earnings (P/E)
- 254.6
- Beta (1Y)
- 0.08
- Revenue Growth
- -7.33%
- EPS Growth
- ―
- Country
- TW
- Employees
- 802
- Sector
- General
- Sector Strength
- 55
- Industry
- Chemicals - Specialty
Ocean Plastics Co., Ltd. Business Overview & Revenue Model
Company Description
Ocean Plastics Co., Ltd., established in Taipei City, Taiwan, in 1965, is a global enterprise specializing in the production and distribution of a diverse array of plastic-based goods. The company actively manufactures and sells PVC rigid pipes and s...
Ocean Plastics Co., Ltd. Financial Statement Overview
Summary
Fundamentals are weak. Revenue has declined three consecutive years from roughly NT$6.51 billion to NT$3.59 billion, gross margin has compressed to 6.8%, and the company swung to an operating loss (-3.7% margin) and a net loss of about NT$276 million (ROE -4.8%). The balance sheet remains roughly half equity-funded, but debt of NT$4.24 billion has stayed flat while equity eroded, lifting debt-to-equity to 0.74 and leaving leverage heavy against only NT$113 million of EBITDA. The clear bright spot is cash generation: NT$244 million of operating cash flow and NT$128 million of free cash flow (up ~56%) despite the loss, supporting near-term liquidity but too modest to deleverage meaningfully.
Income Statement
24NegativeBalance Sheet
46NeutralCash Flow
52Neutral| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.56B | 3.59B | 4.68B | 4.91B | 6.51B | 6.49B |
| Gross Profit | 312.93M | 243.65M | 358.85M | 413.64M | 370.14M | 484.62M |
| EBITDA | 212.04M | 113.39M | 434.19M | 259.84M | 223.95M | 574.18M |
| Net Income | 28.24M | -275.55M | 166.93M | 193.13M | -42.66M | 319.37M |
Balance Sheet | ||||||
| Total Assets | 12.10B | 11.38B | 11.78B | 11.93B | 11.77B | 12.98B |
| Cash, Cash Equivalents and Short-Term Investments | 1.33B | 1.04B | 1.19B | 1.02B | 761.65M | 850.45M |
| Total Debt | 4.28B | 4.24B | 4.23B | 4.24B | 3.97B | 3.73B |
| Total Liabilities | 6.02B | 5.69B | 5.71B | 5.74B | 5.86B | 6.35B |
| Stockholders Equity | 6.07B | 5.69B | 6.06B | 6.19B | 5.91B | 6.63B |
Cash Flow | ||||||
| Free Cash Flow | 30.89M | 128.17M | 130.75M | -98.75M | -48.78M | 274.34M |
| Operating Cash Flow | 137.75M | 244.47M | 248.32M | 12.66M | 56.34M | 370.86M |
| Investing Cash Flow | -173.83M | -410.94M | -119.06M | -179.41M | -185.68M | -235.02M |
| Financing Cash Flow | 129.34M | -82.66M | -123.64M | 384.44M | 180.48M | -137.35M |
Ocean Plastics Co., Ltd. Peers Comparison
Overall Rating
TW:211478Outperform
TW:210768Neutral
TW:658563Neutral
TW:894252Neutral- TW:132143Neutral
TW:130840Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| TW:2114 | 78Outperform | TWD 6.89B | 14.17 | ― | 5.66% | 9.06% | 19.56% |
| TW:2107 | 68Neutral | TWD 8.12B | 14.02 | ― | 5.23% | 4.15% | 12.37% |
| TW:6585 | 63Neutral | TWD 6.46B | 10.58 | ― | 5.02% | 9.62% | 46.90% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| TW:8942 | 52Neutral | TWD 7.56B | 7.30 | ― | 2.63% | -50.53% | 89.80% |
| TW:1321 | 43Neutral | TWD 7.33B | 254.62 | ― | 1.14% | -7.33% | ― |
| TW:1308 | 40Underperform | TWD 7.27B | -12.80 | ― | 1.63% | -2.26% | 36.82% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TW:1321 | Ocean Plastics Co., Ltd. | 33.20 | -2.75 | -7.65% | |
| TW:1308 | Asia Polymer Corporation | 12.25 | -0.52 | -4.09% | |
| TW:2107 | Formosan Rubber Group Inc. | 26.75 | 4.21 | 18.68% | |
| TW:2114 | Hsin Yung Chien Co., Ltd. | 88.30 | 2.46 | 2.86% | |
| TW:6585 | DingZing Advanced Materials, Inc. | 89.60 | -3.55 | -3.81% | |
| TW:8942 | Xxentria Technology Materials Co.,Ltd | 38.00 | 2.93 | 8.35% |
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