Ratings Formosa Plastics Corporation

Equities

1301

TW0001301000

End-of-day quote Taiwan S.E. Other stock markets 06:00:00 2024-05-08 pm EDT			5-day change	1st Jan Change
67.7 ^TWD	-0.88%		-1.17%	-14.52%

May. 08	Formosa Plastics Corporation Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
May. 03	Formosa Smart Energy Tech Corp. announced that it expects to receive TWD 2.5 billion in funding from Formosa Plastics Corporation	CI

Summary

On the basis of various fundamental qualitative criteria, the company appears to be particularly poorly ranked from a medium and long-term investment perspective.
From a short-term investment perspective, the company presents a deteriorated fundamental situation
According to Refinitiv, the company's ESG score for its industry is good.

Strengths

The company's earnings per share (EPS) are expected to grow significantly over the next few years according to the consensus of analysts covering the stock.

Weaknesses

With relatively low growth outlooks, the group is not among those with the highest revenue growth potential.
The company's profitability before interest, taxes, depreciation and amortization characterizes fragile margins.
The company is in debt and has limited leeway for investment
With an expected P/E ratio at 33.49 and 20.62 respectively for both the current and next fiscal years, the company operates with high earnings multiples.
The valuation of the company is particularly high given the cash flows generated by its activity.
For the last twelve months, sales expectations have been significantly downgraded, which means that less important sales volumes are expected for the current fiscal year over the previous period.
The sales outlook for the group was lowered in the last twelve months. This change in forecast points out a decline in activity as well as pessimistic analyses of the company.
For the past year, analysts have significantly revised downwards their profit estimates.
For the last four months, earnings estimated by analysts have been revised downwards with respect to the next two years.
The average price target of analysts who are interested in the stock has been significantly revised downwards over the last four months.
The overall consensus opinion of analysts has deteriorated sharply over the past four months.
Over the past twelve months, analysts' opinions have been revised negatively.
Prospects from analysts covering the stock are not consistent. Such dispersed sales estimates confirm the poor visibility into the group's activity.

Ratings chart - Surperformance

Chart ESG Refinitiv

Sector: Commodity Chemicals

	1st Jan change	Capi.	ESG Refinitiv
FORMOSA PLASTICS CORPORATION	-14.52%	13.42B	B-
DOW INC.	+8.41%	41.24B	B-
LG CHEM, LTD.	-20.54%	22.31B	B-
FORMOSA CHEMICALS & FIBRE CORPORATION	-9.95%	10.18B	B+
COVESTRO AG	-7.40%	9.82B	A-
THE SUPREME INDUSTRIES LIMITED	+18.88%	8.11B	C+
HANGZHOU FIRST APPLIED MATERIAL CO., LTD.	+12.40%	6.96B	C+
YUNNAN ENERGY NEW MATERIAL CO., LTD.	-22.18%	5.7B	C
LOTTE CHEMICAL CORPORATION	-29.96%	3.41B	B+
ORBIA ADVANCE CORPORATION, S.A.B. DE C.V.	-22.86%	3.27B	A

Investor Rating

Trading Rating

ESG Refinitiv

Financials

Sales growth

Earnings Growth

EBITDA / Sales

Profitability

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1 year Revenue revision

4 months Revenue revision

7 days Revenue revision

1 year EPS revision

4 months EPS revision

Consensus

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4m Target Price Revision

4m Revision of opinion

12m Revision of opinion

Business Predictability

Analyst Coverage

Divergence of Estimates

Divergence of analysts' opinions

Divergence of Target Price

Earnings quality

Environment

Emissions

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Use of resources

Governance

CSR Strategy

Management

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Technical analysis

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Unusual volumes