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    Process industries

  3. •

    Chemicals: specialty
Formosa Plastics Corporation

Formosa Plastics Corporation

TTWSE:1301
73.80
TWD
-3.20
(-4.16%)
1.62EPS
33.65P/E
346.93BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
33.84
34.02
30.09
28.3
32.47
36.19
32.65
29.19
42.98
39.53
31.28
31.42
27.56
26.68
Basic EPS, GAAP
3.25
2.81
4.85
6.19
7.76
7.78
5.86
3.15
11.21
5.68
1.15
-0.19
-1.58
1.62
Free Cash Flow per Basic Share
0.48
0.84
5.53
5.21
6.18
5.46
4.48
3.51
6.22
6.6
-1.17
-0.74
-1.25
-1.66
Dividend per Share
1.15
1.9
1.62
3.67
4.59
5.7
5.8
4.4
2.4
8.2
4.2
1
0.5
0.49
Book Value per Share
41.23
44.79
45.15
49.18
54.2
55.86
54.85
52.24
63.34
56.19
54.57
45.4
57.06
90.21
Tangible Book Value per Share
41.13
44.7
45.06
49.1
54.13
55.79
54.78
52.15
63.24
56.09
54.48
45.3
56.97
90.12
Basic Weighted Avg Shares
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
6,450
Sales/Revenue/Turnover
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
172,061
Operating Margin (%)
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
-2.01
Depreciation Expense
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
10,701
Net Income, GAAP
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
10,447
Effective Tax Rate (%)
10.57
12.52
12.02
10.09
10.06
13.21
11.59
17.09
16.99
17.47
- -
- -
- -
3.09
Profit Margin (%)
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
6.07
Working Capital
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
216,886
LT Debt
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
54,991
Total Equity
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
574,262
Return on Invested Capital (%)
1.19
1.28
2.44
3.01
4.78
5.14
4.15
3.4
11.49
4.92
- -
- -
- -
-0.61
Return on Capital (%)
6.4
5.12
8.45
10.45
12.29
11.88
8.96
5.05
16.57
8.22
- -
- -
- -
2.4
Return on Common Equity (%)
8.5
6.53
10.79
13.12
15.01
14.15
10.59
5.88
19.4
9.5
2.08
-0.39
-3.08
2.48

Capital Structure

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
52,508
67,197
81,321
LT Borrowings
76,515
61,520
52,521
LT Finance Leases
1,718
2,508
2,471
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
6,366
6,366
6,366
Market Capitalization
248,264
292,188
346,933

Working Capital

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
155,424
175,218
324,651
Cash, Cash Equivalents & STI
118,769
133,179
274,267
Accounts Receivable, Net
10,515
10,457
10,765
Inventories
17,297
19,808
25,273
Total Current Liabilities
75,828
95,826
107,765
Payables & Accruals
- -
- -
- -
ST Debt
52,508
67,197
81,321
Deferred Revenue
- -
- -
- -

Growth Rates

TWD

•

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

TWD

•

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
47,254
- -
- -
- -

Quarterly Earnings Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.03
0.21
-0.49
0.04
-0.19
2025
0.01
-1.04
-0.09
-0.45
-1.58
2026
0.51
1.67
- -
- -
- -

Quarterly Dividends Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
1
- -
1
2025
- -
- -
0.47
- -
0.5
2026
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Jerry Lin
Full Time Employees
7,437
Sector
Process industries
Industry
Chemicals: specialty
Address
No. 100, Shuiguan Rd. Kaohsiung City TPE Taiwan 814
IPO Date
Jul 27, 1964
Website
fpc.com.tw
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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.