Formosa Plastics Corp
Formosa Plastics Corporation manufactures and sells plastic raw materials, chemical fibers, and petrochemical products in Taiwan, Mainland China, and internationally. It operates through five segments: Plastic, Polyolefin, Polypropylene, Tairylan, and Chemical. The company's plastic products include polyvinyl chloride resin, high-density polyethylene resin, linear low-density polyethylene resin, … Read more
Formosa Plastics Corp (1301) - Net Assets
Latest net assets as of September 2025: NT$291.90 Billion TWD
Based on the latest financial reports, Formosa Plastics Corp (1301) has net assets worth NT$291.90 Billion TWD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$489.42 Billion) and total liabilities (NT$197.52 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$291.90 Billion |
| % of Total Assets | 59.64% |
| Annual Growth Rate | 5.14% |
| 5-Year Change | -13.1% |
| 10-Year Change | 0.54% |
| Growth Volatility | 14.25 |
Formosa Plastics Corp - Net Assets Trend (2000–2024)
This chart illustrates how Formosa Plastics Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Formosa Plastics Corp (2000–2024)
The table below shows the annual net assets of Formosa Plastics Corp from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$288.98 Billion | -16.81% |
| 2023-12-31 | NT$347.36 Billion | -2.89% |
| 2022-12-31 | NT$357.68 Billion | -11.29% |
| 2021-12-31 | NT$403.19 Billion | +21.25% |
| 2020-12-31 | NT$332.54 Billion | -4.76% |
| 2019-12-31 | NT$349.15 Billion | -1.80% |
| 2018-12-31 | NT$355.57 Billion | +3.06% |
| 2017-12-31 | NT$345.01 Billion | +10.20% |
| 2016-12-31 | NT$313.07 Billion | +8.92% |
| 2015-12-31 | NT$287.43 Billion | +0.54% |
| 2014-12-31 | NT$285.89 Billion | +8.94% |
| 2013-12-31 | NT$262.44 Billion | +15.80% |
| 2012-12-31 | NT$226.62 Billion | -6.07% |
| 2011-12-31 | NT$241.26 Billion | -7.51% |
| 2010-12-31 | NT$260.84 Billion | +15.76% |
| 2009-12-31 | NT$225.33 Billion | +25.04% |
| 2008-12-31 | NT$180.20 Billion | -27.72% |
| 2007-12-31 | NT$249.30 Billion | +29.48% |
| 2006-12-31 | NT$192.55 Billion | +27.97% |
| 2005-12-31 | NT$150.46 Billion | +11.18% |
| 2004-12-31 | NT$135.33 Billion | +25.38% |
| 2003-12-31 | NT$107.93 Billion | +11.37% |
| 2002-12-31 | NT$96.92 Billion | +7.65% |
| 2001-12-31 | NT$90.03 Billion | +3.69% |
| 2000-12-31 | NT$86.82 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Formosa Plastics Corp's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 163.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$34.48 Billion | 11.93% |
| Other Components | NT$254.50 Billion | 88.07% |
| Total Equity | NT$288.98 Billion | 100.00% |
Formosa Plastics Corp Competitors by Market Cap
The table below lists competitors of Formosa Plastics Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Mirvac Group
PINK:MRVGF
|
$5.71 Billion |
|
SSR Mining Inc
NASDAQ:SSRM
|
$5.72 Billion |
|
Brenntag SE
F:BNR
|
$5.72 Billion |
|
BlueScope Steel Limited
PINK:BLSFF
|
$5.72 Billion |
|
Hyatt Hotels Corporation
NYSE:H
|
$5.70 Billion |
|
Galp Energia SGPS S.A
OTCGREY:GLPEF
|
$5.70 Billion |
|
Global Unichip Corp
TW:3443
|
$5.70 Billion |
|
Lincoln National Corporation
NYSE:LNC
|
$5.70 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Formosa Plastics Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 347,360,145,000 to 288,980,935,000, a change of -58,379,210,000 (-16.8%).
- Net loss of 1,231,765,000 reduced equity.
- Dividend payments of 6,353,614,000 reduced retained earnings.
- Other comprehensive income decreased equity by 61,068,566,000.
- Other factors increased equity by 10,274,735,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$-1.23 Billion | -0.43% |
| Dividends Paid | NT$6.35 Billion | -2.2% |
| Other Comprehensive Income | NT$-61.07 Billion | -21.13% |
| Other Changes | NT$10.27 Billion | +3.56% |
| Total Change | NT$- | -16.81% |
Book Value vs Market Value Analysis
This analysis compares Formosa Plastics Corp's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.00x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 1.50x to 1.00x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | NT$30.25 | NT$45.50 | x |
| 2007-12-31 | NT$39.16 | NT$45.50 | x |
| 2008-12-31 | NT$28.31 | NT$45.50 | x |
| 2009-12-31 | NT$35.40 | NT$45.50 | x |
| 2010-12-31 | NT$40.98 | NT$45.50 | x |
| 2011-12-31 | NT$37.90 | NT$45.50 | x |
| 2012-12-31 | NT$35.60 | NT$45.50 | x |
| 2013-12-31 | NT$41.23 | NT$45.50 | x |
| 2014-12-31 | NT$44.91 | NT$45.50 | x |
| 2015-12-31 | NT$45.15 | NT$45.50 | x |
| 2016-12-31 | NT$49.18 | NT$45.50 | x |
| 2017-12-31 | NT$54.20 | NT$45.50 | x |
| 2018-12-31 | NT$55.86 | NT$45.50 | x |
| 2019-12-31 | NT$54.85 | NT$45.50 | x |
| 2020-12-31 | NT$52.24 | NT$45.50 | x |
| 2021-12-31 | NT$63.34 | NT$45.50 | x |
| 2022-12-31 | NT$56.18 | NT$45.50 | x |
| 2023-12-31 | NT$54.57 | NT$45.50 | x |
| 2024-12-31 | NT$45.40 | NT$45.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Formosa Plastics Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -0.43%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -0.62%
- • Asset Turnover: 0.40x
- • Equity Multiplier: 1.72x
- Recent ROE (-0.43%) is below the historical average (12.24%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 14.85% | 20.53% | 0.37x | 1.95x | NT$4.21 Billion |
| 2001 | 7.45% | 9.78% | 0.40x | 1.90x | NT$-2.30 Billion |
| 2002 | 10.21% | 12.97% | 0.43x | 1.85x | NT$206.72 Million |
| 2003 | 15.39% | 17.45% | 0.50x | 1.77x | NT$5.81 Billion |
| 2004 | 26.86% | 26.34% | 0.62x | 1.65x | NT$22.82 Billion |
| 2005 | 22.06% | 20.93% | 0.65x | 1.63x | NT$18.14 Billion |
| 2006 | 16.04% | 19.89% | 0.51x | 1.59x | NT$11.63 Billion |
| 2007 | 19.18% | 24.70% | 0.53x | 1.46x | NT$22.88 Billion |
| 2008 | 10.94% | 9.85% | 0.68x | 1.63x | NT$1.69 Billion |
| 2009 | 12.22% | 15.29% | 0.54x | 1.47x | NT$5.00 Billion |
| 2010 | 17.46% | 20.21% | 0.63x | 1.36x | NT$19.46 Billion |
| 2011 | 14.81% | 16.46% | 0.62x | 1.45x | NT$11.60 Billion |
| 2012 | 6.47% | 7.45% | 0.55x | 1.59x | NT$-8.00 Billion |
| 2013 | 7.89% | 9.62% | 0.53x | 1.56x | NT$-5.53 Billion |
| 2014 | 6.29% | 8.31% | 0.50x | 1.51x | NT$-10.60 Billion |
| 2015 | 10.74% | 16.12% | 0.45x | 1.47x | NT$2.13 Billion |
| 2016 | 12.58% | 21.86% | 0.40x | 1.46x | NT$8.09 Billion |
| 2017 | 14.31% | 23.89% | 0.43x | 1.38x | NT$14.88 Billion |
| 2018 | 13.94% | 21.51% | 0.46x | 1.41x | NT$13.99 Billion |
| 2019 | 10.69% | 17.96% | 0.42x | 1.42x | NT$2.41 Billion |
| 2020 | 6.03% | 10.78% | 0.39x | 1.44x | NT$-13.22 Billion |
| 2021 | 17.70% | 26.08% | 0.50x | 1.35x | NT$31.04 Billion |
| 2022 | 10.10% | 14.36% | 0.49x | 1.43x | NT$374.38 Million |
| 2023 | 2.11% | 3.68% | 0.38x | 1.53x | NT$-27.40 Billion |
| 2024 | -0.43% | -0.62% | 0.40x | 1.72x | NT$-30.13 Billion |
Industry Comparison
This section compares Formosa Plastics Corp's net assets metrics with peer companies in the Specialty Chemicals industry.
Industry Context
- Industry: Specialty Chemicals
- Average net assets among peers: $45,207,800,333
- Average return on equity (ROE) among peers: 10.22%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Formosa Plastics Corp (1301) | NT$291.90 Billion | 14.85% | 0.68x | $5.71 Billion |
| Nan Ya Plastics Corp (1303) | $334.15 Billion | 9.51% | 0.59x | $13.05 Billion |
| USI Corp (1304) | $8.99 Billion | 0.19% | 1.09x | $219.16 Million |
| China General Plastics Corp (1305) | $6.79 Billion | 11.31% | 0.82x | $157.48 Million |
| Asia Polymer Corp (1308) | $3.69 Billion | 6.19% | 0.25x | $159.03 Million |
| Taita Chemical Co Ltd (1309) | $6.36 Billion | 30.21% | 0.45x | $110.39 Million |
| China Petrochemical Development Corp (1314) | $22.05 Billion | 8.06% | 1.26x | $927.02 Million |
| Ocean Plastics Co Ltd (1321) | $6.60 Billion | 10.83% | 0.84x | $168.69 Million |
| Asia Plastic Recycling Holding Ltd (1337) | $10.11 Billion | 11.21% | 0.15x | $40.27 Million |
| Everlight Chemical Industrial Corp (1711) | $8.14 Billion | 4.45% | 0.67x | $317.86 Million |