Formosa Chemicals & Fibre Corporation

Formosa Chemicals & Fibre Corporation

TTWSE:1326
73.00
TWD
-3.20
(-4.20%)
2.51EPS
23.20P/E
319.36BMarket Cap
Oct 30Next Earn
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
73.23
68.69
56.37
54.63
61.44
68.42
54.07
43.31
62.54
64.95
56.87
59.6
49.07
51.69
Basic EPS, GAAP
4.25
1.8
4.72
7.5
9.33
8.36
5.09
3.34
6.56
1.26
1.46
0.06
-0.99
2.35
Free Cash Flow per Basic Share
4.42
3.26
8.59
8.69
10.17
7.23
7.21
5.22
3.86
1.67
-0.41
1.15
1.84
0.32
Dividend per Share
0.61
2.42
1.07
3.75
5.62
7.03
6.23
3.81
2.51
4.81
0.96
1.25
0.5
- -
Book Value per Share
45.67
47.47
48.41
54.77
61.31
63.39
60.95
58.87
66.84
55.76
58
46.6
59.13
88.71
Tangible Book Value per Share
45.57
47.31
48.41
54.77
61.31
63.39
60.95
58.87
66.84
55.7
57.94
46.53
59.07
88.64
Basic Weighted Avg Shares
5,845
5,844
5,843
5,843
5,834
5,833
5,833
5,849
5,849
5,849
5,849
5,849
5,849
5,871
Sales/Revenue/Turnover
428,000
401,454
329,349
319,205
358,421
399,074
315,385
253,295
365,812
379,897
332,620
348,608
287,034
303,481
Operating Margin (%)
4.43
1.01
5.88
10.47
10.86
9.22
5.23
6.05
9.41
-1.39
-0.92
-0.45
-1.41
1.31
Depreciation Expense
22,336
20,281
19,950
20,342
17,826
18,835
18,483
17,035
17,993
18,464
17,464
15,198
15,029
14,910
Net Income, GAAP
24,864
10,528
27,578
43,833
54,411
48,769
29,702
19,544
38,359
7,360
8,549
379
-5,797
13,819
Effective Tax Rate (%)
11.97
10.66
12.15
10.81
10
12.82
10.41
12.97
14.86
4.02
- -
- -
- -
12.42
Profit Margin (%)
5.81
2.62
8.37
13.73
15.18
12.22
9.42
7.72
10.49
1.94
2.57
0.11
-2.02
4.55
Working Capital
116,043
134,666
128,590
157,595
171,416
148,774
139,050
142,412
161,714
109,134
113,680
28,192
98,522
215,488
LT Debt
104,079
103,986
85,275
78,365
63,846
44,602
46,965
57,003
63,471
60,023
76,511
54,206
64,720
49,295
Total Equity
312,398
323,300
333,078
379,640
418,501
433,322
409,291
395,453
443,981
373,364
383,689
305,486
381,102
558,225
Return on Invested Capital (%)
3.69
0.76
3.59
6.15
6.82
6.01
2.82
2.67
5.61
-0.95
- -
- -
- -
0.62
Return on Capital (%)
5.62
1.97
5.41
8.44
9.98
8.33
5.1
3.76
6.73
1.37
- -
- -
- -
2.72
Return on Common Equity (%)
10.04
3.87
9.84
14.54
16.06
13.41
8.18
5.58
10.43
2.05
2.57
0.12
-1.87
3.56

Capital Structure

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
63,861
77,471
81,251
LT Borrowings
63,845
52,487
48,531
LT Finance Leases
875
776
764
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
5,849
5,849
5,849
Market Capitalization
187,753
262,913
319,356

Working Capital

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
188,580
214,840
333,205
Cash, Cash Equivalents & STI
121,454
132,113
246,429
Accounts Receivable, Net
19,565
27,539
24,756
Inventories
33,170
33,900
41,414
Total Current Liabilities
90,058
114,054
117,717
Payables & Accruals
- -
- -
- -
ST Debt
63,861
77,471
81,251
Deferred Revenue
- -
- -
- -

Growth Rates

TWD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
2.23%
0.7%
24.75%
Free Cash Flow
-56.39%
-105.05%
60.21%
Net Income, GAAP
-169.25%
-338.37%
-1,627.93%
Sales/Revenue/Turnover
0.29%
4.6%
-17.66%
Total Cash Common Dividend
22.29%
-10.2%
-59.92%

Quarterly Revenue

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
83,942
96,475
86,899
81,292
348,608
2025
78,909
73,548
69,576
65,001
287,034
2026
81,750
87,154
- -
- -
- -

Quarterly Earnings Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.26
0.32
-0.33
-0.18
0.06
2025
-0.08
-1.17
0.3
-0.05
-0.99
2026
1.07
1.04
- -
- -
- -

Quarterly Dividends Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
1.26
- -
1.25
2025
- -
- -
- -
- -
0.5
2026
- -
- -
- -
- -
- -

Company Description

CEO
Wen Chin Lue
Full Time Employees
18,585
Sector
Process industries
Industry
Chemicals: specialty
Address
201. TUNG HWA N. RD Changhua TPE Taiwan 114
IPO Date
Dec 20, 1984
Business
Formosa Chemicals & Fibre Corporation (1326.TW), a core member of the Formosa Plastics Group founded in 1965 and headquartered in Taipei, Taiwan, manufactures and markets a broad portfolio of petrochemicals and synthetic fibers; key products include ABS resins (TAIRILAC®), polystyrene (PS) resins such as GPPS and HIPS (TAIRIREX®), polypropylene (PP) resins encompassing homopolymer, random copolymer, and impact copolymer variants (TAIRIPRO®), polycarbonate (PC) resins (TAIRILITE®), styrene-acrylonitrile (SAN) resins (TAIRISAN®), acrylonitrile-styrene-acrylate (ASA) resins, PC/ABS alloys (TAIRILOY®), nylon resins, and rayon staple fibers; the company also produces aromatics like benzene, paraxylene (PX), phenol, and purified terephthalic acid (PTA), alongside sustainable materials such as post-consumer recycled (PCR) plastics in ABS, PS, PC, PC alloy, and PP formulations, and chemically recycled or bio-based resins. These offerings serve diverse applications including automotive parts, home appliances, IT equipment, packaging, construction, healthcare products, toys, and textiles, with production facilities in Taiwan (Hsin-Kang and Mai-Liao), China (Ningbo), and Vietnam, enabling global sales across Asia, Europe, and North America. Recent developments encompass the September 2025 receipt of U.S. FDA No Objection Letter (NOL) certification for rPP products affirming food contact compliance; renaming of PC resin grades AC3600 and AC3610 to AC3600-H and AC3610-H in July 2025 due to updated UL Comparative Tracking Index testing while preserving material composition and properties; introduction of BIS-certified packaging for PP products starting May 2025 and ABS products from June 2025 to meet Indian standards; transition to dual-color eco-friendly packaging incorporating recycled PP resin for select products since February 2024; and launch of PCR PP-based garments in late 2023 demonstrating a 42% carbon emission reduction versus virgin materials, alongside expanded photovoltaic capacity targeting 17,782 kWp addition in 2024 for enhanced renewable energy utilization.