1. Taiwan, Province of China Stocks

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    Chemicals - Specialty
Formosa Plastics Corporation

Formosa Plastics Corporation

1301.TW
Formosa Plastics CorporationTW flagTaiwan Stock Exchange
58.00
TWD
+0.70
- -
369.21BMarket Cap
Formosa Plastics Corporation
1301.TW
(Taiwan Stock Exchange)

Recent

price

58.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
35.4
34.09
30.93
33.84
34.02
30.09
28.3
32.47
36.19
32.65
29.19
42.98
39.53
31.28
31.42
- -
26.28
Revenue per Share
7.15
5.61
2.33
3.25
2.81
4.85
6.19
7.76
7.78
5.86
3.15
11.21
5.68
1.15
-0.19
- -
-1.05
Basic EPS, GAAP
8.15
6.52
2.76
0.48
0.84
5.53
5.21
6.18
5.46
4.48
3.51
6.22
6.6
-1.17
-0.74
- -
-1.19
Free Cash Flow per Basic Share
3.89
6.53
3.84
1.15
1.9
1.62
3.67
4.59
5.7
5.8
4.4
2.4
8.2
4.2
1
- -
0.49
Dividend per Share
20.24
19.22
16.2
29.37
17.24
19.24
20.64
22.36
22.96
21.36
18.73
26.83
21.44
17.02
15.42
- -
14.5
Book Value per Share
40.69
37.45
35.27
41.13
44.7
45.06
49.1
54.13
55.79
54.78
52.15
63.24
56.09
54.48
45.3
- -
60.17
Tangible Book Value per Share
6,366
6,366
6,366
6,366
6,366
6,366
6,366
6,366
6,366
6,366
6,366
6,366
6,366
6,366
6,366
- -
6,476
Basic Weighted Avg Shares
225,320
217,037
196,879
215,425
216,589
191,545
180,173
206,710
230,370
207,849
185,813
273,598
251,647
199,139
200,040
175,411
170,194
Sales/Revenue/Turnover
13.83
11.7
2.8
2.13
2.55
5.48
7.22
10.61
11
9.72
9.2
22.02
10.65
-2.02
-2.01
-4.24
-4.76
Operating Margin (%)
12,013
12,156
9,711
8,893
8,100
8,390
8,963
8,450
7,452
7,391
8,002
8,344
8,456
8,068
8,996
10,575
10,734
Depreciation Expense
45,546
35,724
14,820
20,716
17,875
30,877
39,393
49,383
49,550
37,324
20,036
71,355
36,143
7,338
-1,232
-10,049
-6,830
Net Income, GAAP
11.75
12.74
12.82
10.57
12.52
12.02
10.09
10.06
13.21
11.59
17.09
16.99
17.47
- -
- -
- -
3.26
Effective Tax Rate (%)
20.21
16.46
7.53
9.62
8.25
16.12
21.86
23.89
21.51
17.96
10.78
26.08
14.36
3.68
-0.62
-5.73
-4.01
Profit Margin (%)
97,971
97,399
74,410
83,190
112,215
89,094
92,904
112,938
101,211
86,333
97,381
114,721
64,957
56,537
-10,766
79,596
79,391
Working Capital
42,288
57,349
58,677
70,109
78,858
55,401
41,408
37,756
38,837
34,528
39,704
40,425
34,319
57,322
53,065
78,233
64,028
LT Debt
260,844
239,261
225,152
262,436
285,150
287,435
313,070
345,010
355,568
349,153
332,536
403,190
357,685
347,360
288,981
363,222
390,216
Total Equity
8.86
6.99
1.51
1.19
1.28
2.44
3.01
4.78
5.14
4.15
3.4
11.51
4.92
- -
- -
- -
- -
Return on Invested Capital (%)
25.1
19.1
8
8.98
7.69
15.33
18.86
22.99
22.92
17.63
10.35
34.02
16.58
- -
- -
- -
-0.61
Return on Capital (%)
38.34
28.44
13.15
14.28
12.05
26.6
31.04
36.08
34.35
26.46
15.7
49.21
23.52
5.99
-1.19
-10.47
-7.23
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
68,591
52,508
67,197
LT Borrowings
64,907
76,515
61,520
LT Finance Leases
1,741
1,718
2,508
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
6,366
6,366
6,366
Market Capitalization
249,636
252,550
297,231

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
108,448
155,424
175,218
Cash, Cash Equivalents & STI
71,155
118,769
133,179
Accounts Receivable, Net
12,307
10,515
10,457
Inventories
17,548
17,297
19,808
Total Current Liabilities
92,826
75,828
95,826
Payables & Accruals
- -
- -
- -
ST Debt
68,591
52,508
67,197
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
3.16%
3.19%
25.69%
Free Cash Flow
-4.19%
-0.71%
67.66%
Net Income, GAAP
70.84%
145.22%
715.79%
Sales/Revenue/Turnover
0.63%
1.3%
-12.31%
Total Cash Common Dividend
17.35%
4.13%
-50.32%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
48,108
51,109
50,492
50,331
200,040
2025
47,202
45,387
41,718
41,104
175,411
2026
41,985
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.03
0.21
-0.49
- -
-0.19
2025
0.01
-1.04
-0.09
- -
- -
2026
0.51
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
1
- -
1
2025
- -
- -
0.47
- -
- -
2026
- -
- -
- -
- -
- -
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Business
Form Formosa Plastics Corporation (1301.TW), founded in 1954 and headquartered in Kaohsiung, Taiwan, manufactures and sells plastic raw materials, chemical fibers, and petrochemical products primarily through its five main segments: Plastics, Polyolefins, Polypropylene, Tairylan, and Chemical. The company produces polyvinyl chloride (PVC) resins, high-density polyethylene (HDPE), linear low-density polyethylene (LLDPE), ethylene vinyl acetate (EVA) copolymer resins, polyethylene wax, polypropylene, polyoxymethylene (POM), masterbatch products, tairylan acrylic fiber, acrylic acid and esters, carbon fiber, caustic soda, PVC modifiers, and calcium carbonate. It operates manufacturing facilities in Taiwan, Mainland China, the United States—including subsidiaries in Texas, Louisiana, Delaware, and New Jersey—and internationally, serving markets in Asia and beyond as the core entity of the Formosa Plastics Group. Recent strategic developments include a capital increase of NT$448 million for its 50%-owned venture Formosa Daikin in August 2025 to expand production of high-purity hydrofluoric acid for Taiwan's semiconductor industry, enhancing local supply amid rising demand from advanced chip manufacturers. Formosa Biomedical Technology Corp., part of the Formosa Plastics Group, signed a strategic partnership with Japan's Rohto Pharmaceutical in July 2025 for regenerative medicine CDMO services, clinical trials, and market entry in Taiwan and Japan, leveraging facilities set for GMP certification by 2026. In the U.S., expansions continue at Point Comfort, Texas, with new polyethylene, polypropylene, and olefins units operational since 2019-2021, alongside a PVC resin expansion in Baton Rouge, Louisiana, adding 300 million pounds of capacity by late 2021.