Stock 6505 FORMOSA PETROCHEMICAL CORPORATION
Add to a list
To use this feature you must be a member
Log inSign up

Financials Formosa Petrochemical Corporation

Equities

6505

TW0006505001

Oil & Gas Refining and Marketing

End-of-day quote Taiwan S.E.
Other stock markets
 06:00:00 2024-04-25 pm EDT 		5-day change 1st Jan Change
71.2 TWD -1.11% Intraday chart for Formosa Petrochemical Corporation +2.74% -11.77%
Apr. 10 Formosa Petrochemical Corp. Announces Consolidated Operating Revenue for the Month Ended March 2024 CI
Apr. 03 Taiwan's FPCC shuts Mailiao refinery port after quake, sources say RE

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 928,781 950,691 913,540 764,935 768,745 678,248 - -
Enterprise Value (EV) 1 859,270 877,746 820,239 736,435 768,745 593,666 590,216 678,248
P/E ratio 25.3 x 128 x 18.5 x 53.2 x 35.1 x 22.5 x 20.1 x -
Yield 2.97% 0.59% 3.96% 1.37% - 3.25% 3.95% 5.34%
Capitalization / Revenue 1.44 x 2.29 x 1.47 x 0.9 x 1.08 x 0.95 x 0.93 x 1.04 x
EV / Revenue 1.33 x 2.11 x 1.32 x 0.87 x 1.08 x 0.83 x 0.81 x 1.04 x
EV / EBITDA 17 x 52.1 x 11.8 x 34 x 24.4 x 13.7 x 11.3 x 10.9 x
EV / FCF 23.7 x 33 x 32.8 x -43.8 x - 23.9 x 18 x -
FCF Yield 4.21% 3.03% 3.04% -2.29% - 4.19% 5.54% -
Price to Book 2.81 x 3.09 x 2.56 x 2.45 x - 1.98 x 1.92 x -
Nbr of stocks (in thousands) 9,525,960 9,525,960 9,525,960 9,525,960 9,525,960 9,525,960 - -
Reference price 2 97.50 99.80 95.90 80.30 80.70 71.20 71.20 71.20
Announcement Date 3/8/20 3/10/21 3/8/22 2/24/23 2/29/24 - - -
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 646,023 415,282 620,062 848,048 712,576 717,050 726,179 649,363
EBITDA 1 50,483 16,853 69,677 21,666 31,567 43,448 52,283 62,377
EBIT 1 36,786 2,769 55,177 5,420 15,405 26,896 35,791 45,428
Operating Margin 5.69% 0.67% 8.9% 0.64% 2.16% 3.75% 4.93% 7%
Earnings before Tax (EBT) 1 44,898 8,665 60,485 16,968 24,694 36,550 42,049 -
Net income 1 36,798 7,430 49,401 14,422 21,889 30,057 34,635 -
Net margin 5.7% 1.79% 7.97% 1.7% 3.07% 4.19% 4.77% -
EPS 2 3.860 0.7800 5.190 1.510 2.300 3.171 3.550 -
Free Cash Flow 1 36,205 26,576 24,976 -16,830 - 24,852 32,711 -
FCF margin 5.6% 6.4% 4.03% -1.98% - 3.47% 4.5% -
FCF Conversion (EBITDA) 71.72% 157.69% 35.85% - - 57.2% 62.57% -
FCF Conversion (Net income) 98.39% 357.7% 50.56% - - 82.68% 94.45% -
Dividend per Share 2 2.900 0.5900 3.800 1.100 - 2.316 2.810 3.800
Announcement Date 3/8/20 3/10/21 3/8/22 2/24/23 2/29/24 - - -
1TWD in Million2TWD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 1 164,005 180,785 185,600 239,286 229,065 194,147 184,642 159,397 192,658 175,878 174,119 180,214 175,708 181,419
EBITDA 1 13,490 12,417 19,642 21,944 -11,415 -8,506 8,651 - 22,047 3,077 8,797 10,083 13,998 11,008
EBIT 1 9,839 8,748 15,916 18,067 -15,712 -12,851 4,284 -6,467 18,055 -467.3 9,685 8,670 10,479 5,679
Operating Margin 6% 4.84% 8.58% 7.55% -6.86% -6.62% 2.32% -4.06% 9.37% -0.27% 5.56% 4.81% 5.96% 3.13%
Earnings before Tax (EBT) 1 12,413 9,328 17,100 21,043 -8,733 -12,434 5,360 -1,920 21,103 150.3 10,790 10,524 11,703 6,661
Net income 1 10,291 7,606 13,700 16,930 -6,281 -9,884 4,435 -1,158 17,156 1,455 8,632 8,419 9,363 5,328
Net margin 6.27% 4.21% 7.38% 7.08% -2.74% -5.09% 2.4% -0.73% 8.91% 0.83% 4.96% 4.67% 5.33% 2.94%
EPS 2 1.300 0.8000 1.430 2.210 -0.9200 -1.040 0.5600 -0.2000 2.210 0.1500 0.9100 0.8800 0.9800 0.5600
Dividend per Share 3.800 - - - - 1.100 - - - - - - - -
Announcement Date 11/4/21 3/8/22 4/11/22 8/4/22 11/3/22 2/24/23 5/4/23 8/4/23 11/2/23 2/29/24 - - - -
1TWD in Million2TWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 69,511 72,945 93,301 28,499 - 84,583 88,032 -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 36,205 26,576 24,976 -16,830 - 24,852 32,711 -
ROE (net income / shareholders' equity) 11% 2.33% 14.8% 4.31% - 7.77% 10.1% 11.7%
ROA (Net income/ Total Assets) 9.16% 1.91% 11.8% 3.28% - 7.17% 8.12% -
Assets 1 401,901 389,478 419,841 440,270 - 419,200 426,484 -
Book Value Per Share 2 34.70 32.30 37.50 32.80 - 35.90 37.10 -
Cash Flow per Share 2 4.610 3.730 3.730 -0.9600 4.760 4.110 5.740 -
Capex 1 7,719 8,959 10,550 7,647 - 13,027 11,790 -
Capex / Sales 1.19% 2.16% 1.7% 0.9% - 1.82% 1.62% -
Announcement Date 3/8/20 3/10/21 3/8/22 2/24/23 2/29/24 - - -
1TWD in Million2TWD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Formosa Petrochemical Corporation

Trading Rating
Investor Rating
ESG Refinitiv
B+
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
10
Last Close Price
71.2 TWD
Average target price
80.88 TWD
Spread / Average Target
+13.59%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Other Oil & Gas Refining and Marketing

1st Jan change Capi.
FORMOSA PETROCHEMICAL CORPORATION Stock Formosa Petrochemical Corporation
-11.77% 20.79B
RELIANCE INDUSTRIES LTD Stock Reliance Industries Ltd
+12.39% 221B
BP PLC Stock BP PLC
+12.58% 107B
CHINA PETROLEUM & CHEMICAL CORPORATION Stock China Petroleum & Chemical Corporation
+17.36% 103B
MARATHON PETROLEUM CORPORATION Stock Marathon Petroleum Corporation
+33.72% 71.49B
PHILLIPS 66 Stock Phillips 66
+13.72% 64.2B
VALERO ENERGY CORPORATION Stock Valero Energy Corporation
+27.54% 54.22B
INDIAN OIL CORPORATION LIMITED Stock Indian Oil Corporation Limited
+32.11% 28.33B
REPSOL S.A. Stock Repsol S.A.
+9.44% 19.12B
NESTE OYJ Stock Neste Oyj
-31.20% 18.17B
Other Oil & Gas Refining and Marketing
  1. Stock Market
  2. Equities
  3. 6505 Stock
  4. Financials Formosa Petrochemical Corporation