Nan Pao Resins Chemical Co. Ltd. AI Stock Analysis
Nan Pao Resins Chemical Co. Ltd. (4766) AI Stock Analysis
Nan Pao Resins Chemical Co. Ltd.
(TWSE:4766)
The score is driven primarily by solid fundamentals — sustained margin expansion, healthy returns on equity and strong, cash-backed earnings that fully fund a generous dividend. An undemanding 14.8x P/E and a 5.3% yield add further support. Tempering the score are a stalled top line, a dip in 2025 net income despite stronger operating profit, rising leverage against a shrinking equity base, and softening near-term price momentum with the stock trading below its short- and medium-term moving averages.
Nan Pao Resins Chemical Co. Ltd. (4766) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- TWD 41.23B
- Dividend Yield
- 5.29%
- Average Volume (3M)
- 187.52K
- Price to Earnings (P/E)
- 14.6
- Beta (1Y)
- 0.69
- Revenue Growth
- 2.93%
- EPS Growth
- 9.20%
- Country
- TW
- Employees
- 3,083
- Sector
- General
- Sector Strength
- 55
- Industry
- Chemicals - Specialty
Nan Pao Resins Chemical Co. Ltd. Business Overview & Revenue Model
Company Description
Established in 1963 and headquartered in Tainan City, Taiwan, Nan Pao Resins Chemical Co., Ltd. is a major producer and distributor of a diverse range of chemical products. The company's activities encompass the manufacturing, wholesale, and retail o...
Nan Pao Resins Chemical Co. Ltd. Financial Statement Overview
Summary
Nan Pao Resins combines a strong multi-year margin expansion story (gross margin up to 34.1%, operating margin to 16.3%) with healthy mid-to-high-teens return on equity and excellent cash conversion — operating cash flow of NT$3.37bn (about 1.4x net income) and free cash flow of NT$2.71bn comfortably cover dividends, capex and debt service. Offsetting this, revenue growth stalled in 2025 (roughly flat after an 11.7% gain in 2024), net income fell about 9% despite higher operating profit, and leverage has risen from 0.27x to 0.45x debt-to-equity as borrowings grew and equity slipped. Overall a soundly financed, cash-generative business with cyclical sensitivity.
Income Statement
76PositiveBalance Sheet
70PositiveCash Flow
79Positive| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 24.26B | 23.20B | 22.98B | 20.58B | 22.00B | 17.98B |
| Gross Profit | 8.11B | 7.92B | 7.52B | 6.49B | 5.29B | 4.10B |
| EBITDA | 4.75B | 4.56B | 4.61B | 4.16B | 2.98B | 1.73B |
| Net Income | 2.83B | 2.44B | 2.68B | 2.43B | 1.74B | 875.78M |
Balance Sheet | ||||||
| Total Assets | 31.12B | 27.73B | 27.27B | 23.66B | 24.75B | 25.93B |
| Cash, Cash Equivalents and Short-Term Investments | 8.95B | 7.85B | 7.49B | 5.20B | 4.35B | 4.30B |
| Total Debt | 6.60B | 6.20B | 5.56B | 3.61B | 3.96B | 4.84B |
| Total Liabilities | 15.26B | 12.30B | 11.33B | 9.12B | 9.10B | 9.66B |
| Stockholders Equity | 14.17B | 13.79B | 14.49B | 13.18B | 14.55B | 15.28B |
Cash Flow | ||||||
| Free Cash Flow | 2.54B | 2.71B | 2.17B | 2.43B | 1.04B | -521.41M |
| Operating Cash Flow | 3.09B | 3.37B | 2.80B | 3.13B | 1.92B | 137.06M |
| Investing Cash Flow | -995.93M | -937.51M | -644.95M | -1.12B | 694.84M | -528.85M |
| Financing Cash Flow | -1.63B | -1.75B | -34.77M | -1.74B | -1.92B | 322.40M |
Nan Pao Resins Chemical Co. Ltd. Peers Comparison
Overall Rating
- TW:476672Outperform
TW:177370Outperform
TW:523469Neutral
TW:477268Neutral
TW:140957Neutral
TW:131432Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| TW:4766 | 72Outperform | TWD 41.72B | 14.59 | ― | 5.29% | 2.93% | 9.20% |
| TW:1773 | 70Outperform | TWD 44.70B | 17.46 | ― | 2.66% | 19.58% | 31.55% |
| TW:5234 | 69Neutral | TWD 27.01B | 31.38 | ― | 2.48% | 11.98% | 23.72% |
| TW:4772 | 68Neutral | TWD 32.12B | 37.98 | ― | 1.38% | 163.69% | 66.91% |
| TW:1409 | 57Neutral | TWD 36.07B | 10.43 | ― | 3.94% | -7.23% | 195.60% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| TW:1314 | 32Underperform | TWD 28.88B | -9.58 | ― | ― | -34.68% | -40.38% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TW:4766 | Nan Pao Resins Chemical Co. Ltd. | 340.00 | 13.12 | 4.01% | |
| TW:1314 | China Petrochemical Development Corporation | 7.56 | -1.32 | -14.86% | |
| TW:1409 | Shinkong Synthetic Fibers Corporation | 22.85 | 8.11 | 54.97% | |
| TW:1773 | Shiny Chemical Industrial Co., Ltd. | 150.50 | 10.72 | 7.67% | |
| TW:4772 | Taiwan Speciality Chemicals Corporation | 218.00 | -77.33 | -26.19% | |
| TW:5234 | Daxin Materials Corporation | 262.00 | -76.79 | -22.67% |
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