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Asia Polymer Corporation

Asia Polymer Corporation

TTWSE:1308
13.75
TWD
-0.20
(-1.43%)
-1.02EPS
8.37BMarket Cap
Nov 06Next Earn
Asia Polymer Corporation
TWSE:1308
(Taiwan Stock Exchange)

Recent

price

13.75

P/E

ratio

- -

div

yld

1.82%

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
TWD
10.67
10.6
8.07
9.78
9.37
8.74
9.93
10.79
10.74
11.44
9.61
16.11
16.53
11.31
10.16
9.67
9.66
Revenue per Share
2.45
2.73
1.04
0.9
0.84
0.9
1.12
0.95
0.48
1.38
1.86
5.22
2.44
0.2
-1.26
-1.76
-1.02
Basic EPS, GAAP
2.19
1.99
0.31
0.29
0.67
-1.7
-1.74
1.42
-0.45
0.72
4.37
3.95
5.65
0.76
-0.1
-0.2
0.67
Free Cash Flow per Basic Share
0.26
0.79
0.65
0.79
0.79
0.24
0.5
0.51
0.17
0.28
0.56
1.18
3
1.19
0.46
0.25
0.25
Dividend per Share
13.72
15.01
15.92
15.46
15.25
14.88
16
16.53
16.18
17.23
20.4
26.04
23.94
22.47
19.34
17.24
18.13
Book Value per Share
13.71
15.01
15.92
15.46
15.25
14.88
15.99
16.53
16.18
17.23
20.4
26.04
23.94
22.47
19.34
17.24
18.13
Tangible Book Value per Share
594
594
594
594
594
594
594
594
594
594
594
594
594
594
594
594
592
Basic Weighted Avg Shares
6,337
6,295
4,791
5,804
5,566
5,187
5,893
6,404
6,375
6,791
5,704
9,566
9,815
6,717
6,031
5,743
5,721
Sales/Revenue/Turnover
23.56
27.59
6.47
4.81
7.33
7.94
9.63
7.35
1.13
11.76
16.17
34.7
30.02
13.75
-1.81
0.05
2.78
Operating Margin (%)
81
78
86
96
91
95
183
291
292
304
315
312
305
319
339
348
372
Depreciation Expense
1,453
1,620
619
537
500
532
666
565
287
821
1,104
3,101
1,447
116
-750
-1,045
-602
Net Income, GAAP
17.29
15.8
12.09
11.4
14.38
15.4
15.38
13.79
9.48
16.63
14.15
17.04
20.38
23.06
- -
- -
- -
Effective Tax Rate (%)
22.93
25.73
12.92
9.25
8.98
10.25
11.3
8.83
4.5
12.09
19.35
32.42
14.75
1.73
-12.44
-18.19
-10.52
Profit Margin (%)
3,801
3,836
3,993
3,902
2,539
1,367
3,794
2,798
2,003
2,471
1,485
2,157
2,243
2,307
2,193
1,780
1,639
Working Capital
- -
- -
- -
- -
- -
- -
2,450
2,450
3,100
3,975
3,069
1,391
468
492
869
468
268
LT Debt
8,145
8,911
9,453
9,180
9,054
8,836
9,497
9,816
9,604
10,230
12,110
15,462
14,217
13,339
11,484
10,236
10,767
Total Equity
16.45
16.75
2.79
2.65
3.81
3.78
4.18
2.94
0.46
4.33
4.92
16.15
14.01
4.8
- -
- -
- -
Return on Invested Capital (%)
19.81
19
6.74
5.76
5.48
5.73
5.93
4.37
2.26
5.67
7.16
18.77
9.05
0.86
- -
- -
- -
Return on Capital (%)
19.79
18.99
6.74
5.76
5.48
5.94
7.26
5.85
2.95
8.28
9.88
22.5
9.75
0.84
-6.05
-9.62
-5.73
Return on Common Equity (%)

Capital Structure

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
399
400
400
LT Borrowings
394
295
197
LT Finance Leases
74
72
71
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
594
594
594
Market Capitalization
7,808
10,984
8,372

Working Capital

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
2,653
2,733
2,827
Cash, Cash Equivalents & STI
1,458
1,340
1,273
Accounts Receivable, Net
223
338
432
Inventories
707
794
812
Total Current Liabilities
873
1,008
1,189
Payables & Accruals
- -
- -
- -
ST Debt
399
400
400
Deferred Revenue
- -
- -
- -

Growth Rates

TWD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
2.23%
-2.26%
-10.86%
Free Cash Flow
-13.82%
-13.85%
97.24%
Net Income, GAAP
-48.9%
-134.11%
39.17%
Sales/Revenue/Turnover
3.61%
4.76%
-4.78%
Total Cash Common Dividend
30.58%
19.79%
-44.17%

Quarterly Revenue

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,561
1,495
1,422
1,553
6,031
2025
1,534
1,340
1,466
1,403
5,743
2026
1,302
1,550
- -
- -
- -

Quarterly Earnings Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.32
-0.12
-0.36
-0.47
-1.26
2025
-0.4
-0.5
-0.26
-0.6
-1.76
2026
-0.2
0.05
- -
- -
- -

Quarterly Dividends Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
0.45
- -
0.46
2025
- -
- -
0.25
- -
0.25
2026
- -
- -
- -
- -
- -
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Business
Asia Polymer Corporation (1308.TW), a Taiwan-based petrochemical producer, manufactures and sells low-density polyethylene (LDPE) resins and ethylene vinyl acetate (EVA) copolymer resins using high-pressure autoclave technology licensed from Gulf Oil Chemicals and enhanced by USI Corporation systems; LDPE grades including C4300, C7100, F1100, F2200, F2201, F8201, H0100, H0105, M2100 and M5100 serve applications such as packaging films, frozen food packaging, extruded tubes, high clarity films, general purpose films, thin gauge films, liner bags, heavy duty films, agriculture and construction films, foam nets, injection molding, powder coating, protection films, lamination, extrusion coating and wire insulation; EVA resins target foam materials, sports equipment, solar cell films, laminating films and wire/cable insulation materials. The company, founded in 1977 with headquarters originally in Kaohsiung's Linyuan District and current administrative offices at 12th Floor, No. 37 Ji-Hu Road, Neihu District, Taipei City 114, Taiwan, listed on the Taiwan Stock Exchange in 1986 and operates sales in China, Southeast Asia, South Asia, Middle East, South Africa, Europe and Northeast Asia, supplemented by subsidiaries handling investments, degradable plastics, high-density polyethylene trading, machinery wholesaling and chemical equipment sales. As a USI Corporation affiliate since its 1997 merger, Asia Polymer maintains a production capacity of 100,000 metric tons annually at its Kaohsiung facility while focusing on quality resins for blown film, extrusion molding, injection molding, dip coating, lamination, casting and foaming, with recent emphasis on ESG reporting covering its Taipei headquarters, Kaohsiung plant and overseas units like Ju Hua (Shanghai).