1. Taiwan, Province of China Stocks

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    Energy

  3. •

    Oil & Gas Equipment & Services
Prime Oil Chemical Service Corporation

Prime Oil Chemical Service Corporation

2904.TW
Prime Oil Chemical Service CorporationTW flagTaiwan Stock Exchange
14.30
TWD
+0.10
- -
1.11BMarket Cap
Prime Oil Chemical Service Corporation
2904.TW
(Taiwan Stock Exchange)

Recent

price

14.30

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
5.76
6.95
8.22
7.33
7.57
7.27
7.19
6.29
6.76
7.19
7.69
6.63
6.68
5.67
6.32
- -
6.06
Revenue per Share
1.28
4.39
2.87
2.16
2.18
2.2
1.49
1.36
1.69
1.92
2.27
1.02
1.5
0.84
1.38
- -
0.98
Basic EPS, GAAP
-22.93
1.11
5.15
3.6
2.54
2.2
-1.46
-2.9
0.32
2.5
0.22
1.19
-0.75
2.01
3.03
- -
2.31
Free Cash Flow per Basic Share
0.85
1.13
3.93
2.55
2.75
1.96
1.96
1.32
1.18
1.49
1.62
1.96
0.78
0.65
0.6
- -
- -
Dividend per Share
12.05
14.94
13.44
13.98
12.06
12.07
11.37
11.25
11.73
12.02
12.45
11.04
12.7
11.89
12.6
- -
12.39
Book Value per Share
13.59
17.32
14.03
13.77
13.41
13.91
13.29
13.34
13.85
14.23
14.68
13.62
16.64
15.53
16.5
- -
16.49
Tangible Book Value per Share
70
70
70
70
70
70
70
70
70
70
70
70
71
78
78
- -
78
Basic Weighted Avg Shares
406
489
578
515
533
512
506
442
476
505
541
466
476
442
492
474
474
Sales/Revenue/Turnover
25.51
26.35
39.48
27.31
27.4
28.45
24.77
25.55
29.87
32.61
33.57
18.98
21.41
14.04
22.93
16.32
16.32
Operating Margin (%)
155
170
180
184
95
84
81
89
85
152
159
180
188
193
189
189
189
Depreciation Expense
90
309
202
152
153
155
105
96
119
135
160
71
107
65
107
77
77
Net Income, GAAP
19.04
7.32
15.14
12.52
10.65
14.04
16.85
17.52
19.86
19.48
13.57
20.19
21.66
19.33
20.15
16.58
16.58
Effective Tax Rate (%)
22.24
63.07
34.87
29.44
28.77
30.29
20.71
21.67
24.97
26.7
29.53
15.32
22.51
14.77
21.78
16.17
16.17
Profit Margin (%)
-1,144
682
560
639
556
594
360
119
58
-13
-142
-106
-196
-35
71
-8
-8
Working Capital
281
- -
- -
- -
- -
- -
- -
75
72
146
196
310
490
461
454
235
235
LT Debt
959
1,269
1,025
994
956
979
935
939
974
1,003
1,038
962
1,188
1,212
1,286
1,290
1,290
Total Equity
6.59
6.24
16.55
12.04
13.31
12.75
10.17
8.7
10.11
10.69
11.27
4.71
4.46
2.58
4.87
3.62
3.62
Return on Invested Capital (%)
7.61
12.43
18.38
15.75
16.68
18.09
11.82
10.52
12.34
12.9
13.41
5.61
7.19
4.65
7.58
5.86
5.86
Return on Capital (%)
21.28
32.5
20.21
15.73
16.73
18.26
12.71
12.05
14.69
16.16
18.58
8.65
12.74
7.13
11.24
7.86
7.86
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Jun'25
Sep'25
Dec'25
ST Debt
200
190
164
LT Borrowings
192
169
162
LT Finance Leases
106
93
73
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
78
78
78
Market Capitalization
1,422
1,372
1,333

Working Capital

FRC

•

in mil. unless spec.
Jun'25
Sep'25
Dec'25
Total Current Assets
298
246
214
Cash, Cash Equivalents & STI
218
179
152
Accounts Receivable, Net
56
39
37
Inventories
- -
- -
- -
Total Current Liabilities
353
237
222
Payables & Accruals
- -
- -
- -
ST Debt
200
190
164
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
3.07%
4.9%
0.31%
Free Cash Flow
31.28%
-20%
-23.49%
Net Income, GAAP
0.63%
-1.74%
-28.51%
Sales/Revenue/Turnover
-0.41%
-2.24%
-3.71%
Total Cash Common Dividend
- -
2.36%
66.66%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
122
108
108
104
442
2024
114
128
125
125
492
2025
121
132
122
98
474

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
0.34
0.29
0.19
- -
0.84
2024
0.33
0.34
0.28
- -
1.38
2025
0.32
0.29
0.39
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
0.65
2024
- -
- -
- -
- -
0.6
2025
- -
- -
- -
- -
- -
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Business
Prime Oil Chemical Service Corporation (POCS) engages primarily in tank terminal services for oil and petrochemical storage, as well as renewable energy development. The company operates two main divisions: the Tank Storage Service Division, which provides high-quality petrochemical shore tank storage at two terminals with one wharf at Taichung Port, Taiwan, encompassing 51 tanks with an aggregate capacity of approximately 300,000 kiloliters and annual throughput exceeding 3 million metric tons; and the Energy Division, focused on photovoltaic power generation with 51 domestic projects totaling 19.11 megawatts and one overseas project of 5.2 megawatts for a combined installed capacity of 24.31 megawatts, generating 21.15 million kilowatt-hours domestically in 2023. POCS serves petrochemical manufacturers and traders, maintains certifications including ISO 9001, ISO 14001, OHSAS 18001 (ISO 45001), and participates in the Chemical Distribution Institute-Terminal scheme; operations occur principally in Taiwan. Founded in 1978 and listed on the Taiwan Stock Exchange (2904.TW) since 1983, POCS is headquartered in Taipei, Taiwan. The Energy Division, launched in 2016, continues to expand photovoltaic installations to generate long-term electricity sales and rental revenues, with cumulative domestic generation reaching approximately 118.5 million kilowatt-hours since inception. In recent earnings, the company reported third quarter 2025 EPS of NT$0.39, up from NT$0.28 in the prior year, alongside second quarter 2025 EPS of NT$0.29, reflecting stable financial performance amid its core operations.