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Formosa Chemicals & Fibre Corporation (1326) AI Stock Analysis

TW:1326

Formosa Chemicals & Fibre Corporation

(TWSE:1326)

Select Model
Rating:52Neutral
Price Target:TWD 63.00â–¼(-11.89% Downside)
Action:initiatedcoverage
Date:11/10/26

Financial resilience via balance sheet strength and cash generation is the main support, tempered by weak technical momentum and neutral valuation.

Positive Factors
Improved Balance SheetLower leverage reduces balance-sheet risk and gives the company greater flexibility to withstand cyclical weakness or fund operations. The sizeable equity base and manageable debt profile provide a more durable financial foundation despite currently depressed returns.
Negative Factors
Severe Profitability DeteriorationThe shift from strong double-digit net margins in 2020–2021 to a net loss in 2025 indicates a substantial decline in earnings power. Persistent weak profitability can constrain reinvestment, reduce returns on capital, and make recovery dependent on a durable improvement in operations.

Formosa Chemicals & Fibre Corporation (1326) vs. SPDR S&P 500 ETF (SPY)

-25%0%25%50%75%100%125%150%TW:1326+103.14%SPY+10.92%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
TWD 424.05B
Dividend Yield
0.84%
Average Volume (3M)
34.78M
Price to Earnings (P/E)
30.3
Beta (1Y)
0.85
Revenue Growth
8.51%
EPS Growth
―
Country
TW
Employees
18,585
Sector
General
Sector Strength
55
Industry
Chemicals

Formosa Chemicals & Fibre Corporation Business Overview & Revenue Model

Company Description

Founded in 1965 and headquartered in Taipei, Taiwan, Formosa Chemicals & Fibre Corporation operates as a multifaceted industrial enterprise with a significant presence both domestically and in international markets. Its primary activities encompass t...

Formosa Chemicals & Fibre Corporation Financial Statement Overview

Summary

Weak income statement with revenue decline and net losses is offset by solid balance sheet leverage and resilient positive cash flows.

Income Statement

28Negative

Balance Sheet

68Positive

Cash Flow

72Positive
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue303.48B287.03B348.61B332.62B379.90B365.81B
Gross Profit17.52B9.33B14.05B11.42B12.74B53.44B
EBITDA20.54B10.99B19.54B27.87B29.85B56.63B
Net Income13.82B-5.80B379.41M8.55B7.36B38.36B
Balance Sheet
Total Assets728.08B538.94B490.95B565.87B555.55B598.35B
Cash, Cash Equivalents and Short-Term Investments246.43B121.45B71.32B123.95B132.86B145.37B
Total Debt130.55B128.58B150.93B146.74B139.41B103.69B
Total Liabilities169.86B157.84B185.46B182.18B182.18B154.36B
Stockholders Equity518.86B345.87B272.55B339.26B326.13B390.97B
Cash Flow
Free Cash Flow1.06B10.79B6.73B-2.42B9.76B22.57B
Operating Cash Flow13.81B25.10B19.16B18.36B32.73B38.73B
Investing Cash Flow-2.46B-5.78B-14.83B-28.62B-28.87B-24.16B
Financing Cash Flow-16.43B-26.38B-5.25B-238.32M5.47B-8.33B

Formosa Chemicals & Fibre Corporation Peers Comparison

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

TW:1326 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:1326TW:132652NeutralTWD 418.20B30.30―0.84%8.51%―
TW:1717TW:171748NeutralTWD 74.84B33.26―1.58%-1.57%36.18%
TW:1605TW:160547NeutralTWD 149.34B10.18―1.48%-0.13%1219.70%
TW:1802TW:180241NeutralTWD 202.98B41.06――11.76%―
TW:1301TW:130140UnderperformTWD 444.97B42.62―0.72%-11.04%―
TW:2002TW:200239UnderperformTWD 287.48B-89.45―0.80%1.12%―

* General Sector Average

Performance Comparison

0%50%100%150%TW:1326TW:1301TW:1605TW:1717TW:1802TW:2002Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
TW:1326 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
TW:1326Formosa Chemicals & Fibre Corporation71.5039.47123.21%
TW:1301Formosa Plastics Corporation69.9028.9470.65%
TW:1605Walsin Lihwa Corporation33.702.809.07%
TW:1717Eternal Materials Co., Ltd.63.2023.9460.98%
TW:1802Taiwan Glass Industry Corp.69.8034.5598.01%
TW:2002China Steel Corporation18.650.643.57%
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