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Formosan Rubber Group Inc.

Formosan Rubber Group Inc.

TTWSE:2107
28.95
TWD
-0.10
(-0.34%)
1.88EPS
13.56P/E
7.76BMarket Cap
Formosan Rubber Group Inc.
TWSE:2107
(Taiwan Stock Exchange)

Recent

price

28.95

P/E

ratio

13.56

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
TWD
10.75
8.98
8.5
10.23
13.77
5.14
4.12
4.74
4.16
8.58
10.59
9.07
5.7
4.21
4.88
4.75
4.92
Revenue per Share
4.23
2.99
3.23
4.78
8.12
1.77
0.79
0.52
0.65
1.71
2.91
2.53
2.09
1.61
1.89
1.67
1.88
Basic EPS, GAAP
-1.79
13.87
-1.72
7.07
7.68
-2.48
0.49
0.92
0.94
5.62
6.66
5.58
-0.14
2
2.59
2.14
1.97
Free Cash Flow per Basic Share
1.48
3.22
1.98
2.22
2.47
3.13
1
0.64
0.73
0.76
0.9
1.67
1.21
1.25
1.3
1.4
- -
Dividend per Share
23.61
21.46
23.29
26.56
32.12
30.15
29.12
31.7
32.66
34.31
36.3
38.75
39.07
40.85
43.28
44.41
49.8
Book Value per Share
23.61
21.46
23.29
26.56
32.12
30.15
29.12
31.7
32.66
34.31
36.3
38.75
39.07
40.85
43.28
44.41
49.8
Tangible Book Value per Share
408
407
403
403
403
445
415
365
330
315
310
308
340
323
304
304
304
Basic Weighted Avg Shares
4,387
3,657
3,423
4,120
5,544
2,291
1,708
1,727
1,374
2,702
3,282
2,795
1,937
1,360
1,481
1,444
1,495
Sales/Revenue/Turnover
39.16
34.85
39.93
48.19
60.42
35.43
16.77
17.63
7.12
15.69
24.7
22.44
19.14
14.68
16.73
19.6
20.41
Operating Margin (%)
94
99
103
103
96
95
93
108
116
124
112
108
104
103
105
117
124
Depreciation Expense
1,728
1,219
1,302
1,926
3,269
790
327
189
216
539
902
778
712
519
573
508
572
Net Income, GAAP
3.79
7.64
7.68
8.26
6.88
22.56
21.1
4.57
17.14
2.49
3.06
5.51
14.29
12.38
12.27
13.73
16.02
Effective Tax Rate (%)
39.38
33.33
38.02
46.76
58.96
34.48
19.15
10.96
15.71
19.95
27.47
27.84
36.74
38.16
38.71
35.18
38.29
Profit Margin (%)
6,959
4,314
5,100
6,548
8,723
7,784
7,122
6,798
6,333
6,656
7,130
7,933
7,942
7,918
8,399
9,205
10,871
Working Capital
1,735
- -
- -
- -
- -
- -
- -
- -
- -
42
37
32
27
24
17
234
227
LT Debt
9,630
8,655
9,376
10,695
12,934
11,967
11,182
10,837
10,359
10,806
11,182
11,938
11,863
12,402
13,141
13,483
15,120
Total Equity
14.61
10.8
13.1
16.93
25.56
4.54
1.6
2.07
0.61
3.25
6.58
4.88
2.45
1.29
1.52
1.65
1.67
Return on Invested Capital (%)
15.16
11.4
13.76
18.15
27.13
5.91
2.41
1.47
1.7
4.39
7.63
6.44
5.55
4
4.15
3.58
3.89
Return on Capital (%)
18.99
13.33
14.44
19.19
27.67
6.34
2.83
1.72
2.04
5.09
8.2
6.73
5.98
4.28
4.49
3.81
4.11
Return on Common Equity (%)

Capital Structure

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
1,124
1,218
1,101
LT Borrowings
223
221
218
LT Finance Leases
11
10
8
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
304
304
304
Market Capitalization
7,484
7,635
7,757

Working Capital

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
10,661
11,124
12,667
Cash, Cash Equivalents & STI
7,270
7,664
9,037
Accounts Receivable, Net
107
122
215
Inventories
3,101
3,116
3,095
Total Current Liabilities
1,456
2,062
1,796
Payables & Accruals
- -
- -
- -
ST Debt
1,124
1,218
1,101
Deferred Revenue
- -
- -
- -

Growth Rates

TWD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
1.3%
3.85%
2.6%
Free Cash Flow
-111.84%
-308.54%
-17.46%
Net Income, GAAP
8.01%
-10.05%
-11.45%
Sales/Revenue/Turnover
0.44%
-13.79%
-2.54%
Total Cash Common Dividend
-2.74%
13.42%
7.69%

Quarterly Revenue

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
271
471
381
357
1,481
2025
393
304
311
436
1,444
2026
328
421
- -
- -
- -

Quarterly Earnings Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.35
0.79
0.65
0.1
1.89
2025
0.47
0.46
0.59
0.16
1.67
2026
0.23
0.91
- -
- -
- -

Quarterly Dividends Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
1.3
2025
- -
- -
- -
- -
1.4
2026
- -
- -
- -
- -
- -
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Business
Formosan Rubber Group Inc. manufactures and sells a diverse range of rubber and plastic products, including rubber and plastic sheets, plastic foam, PVC resin sheets, silicone rubber, laminated products, PU lamination, PU coating, green plastics, and associated materials. Its product portfolio serves multiple applications such as functional garments and fabrics, healthcare, industrial and safety products, inflatable products, optical and electronic materials, automotive parts, footwear, bags, luggage, raincoats, tents, furniture, life jackets, and diving suits. The company operates through five segments: synthetic leather, rubber sheet, green plastics, sales of raw materials, and others. Besides manufacturing, it is also engaged in real estate development and rental services, warehouse logistics, and retail operations including cinemas, department stores, and supermarkets. Founded in 1952, it is headquartered in Taipei, Taiwan, with operations across Taiwan, Asia, Europe, the United States, Canada, and other international markets. Recent major developments include completion of a logistics warehouse project in Longtan Smart Park, Taoyuan to enhance its operational capacity, ongoing technological partnerships with European, American, and Japanese plants for new product development, and investment in equipment upgrades to improve product functionality. The company is focused on expanding its business scope in rubber manufacturing and logistics services while aiming to increase product value and enter new market applications. Formosan Rubber Group also filed several patents related to protective clothing fabric and abrasion-resistant rubber compound fabric, signaling continued innovation efforts in 2025. It maintains a prudent and stable business outlook amid geopolitical and economic uncertainties. The CEO is Zhen-Ji Hsu, leading around 218 employees.