Nan Pao Resins Chemical Co. Ltd. (4766) AI Stock Analysis

Nan Pao Resins Chemical Co. Ltd.

(TWSE:4766)

Select Model

Rating:70Outperform

Price Target:TWD 373.00▲(9.71% Upside)

Action:initiatedcoverage

Date:11/09/26

Robust cash flow and revenue growth in financial performance, combined with an attractive P/E ratio and high dividend yield, form the primary strengths. Short-term technical weakness due to negative momentum indicators tempers the overall score.

Positive Factors

Structural Margin ImprovementThe sustained expansion in gross margin indicates stronger profitability than in earlier years, while mid-teen EBIT margins show that operating gains remain meaningful. This creates a more resilient earnings base and provides capacity to absorb demand variability while continuing product and business investment.

Negative Factors

Sharp Revenue ContractionThe sharp 2025 revenue decline is a material threat to earnings durability because strong margins cannot fully offset a sustained reduction in demand. If the contraction persists across the company’s downstream markets, operating leverage could weaken and pressure future profit generation.

Nan Pao Resins Chemical Co. Ltd. (4766) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 41.36B
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

Revenue growth and margin expansion drive solid profitability, backed by strong cash generation, though increasing debt levels require attention.

Income Statement

76Positive

Balance Sheet

64Positive

Cash Flow

82Very Positive

Financial statement breakdown
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

UnderperformOutperform

Sector (55)

Financial Indicators

TW:4766 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:4766	70Outperform	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

TW:4766 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:4766	Nan Pao Resins Chemical Co. Ltd.	340.00	19.78	6.18%
TW:1314	China Petrochemical Development Corporation	7.56	-1.35	-15.15%
TW:1409	Shinkong Synthetic Fibers Corporation	22.85	8.01	53.95%
TW:1773	Shiny Chemical Industrial Co., Ltd.	150.50	11.70	8.43%
TW:4772	Taiwan Speciality Chemicals Corporation	218.00	-66.45	-23.36%
TW:5234	Daxin Materials Corporation	262.00	-76.30	-22.55%

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 Pao Resins Chemical Co. Ltd. AI Stock Analysis