Formosa Chemicals & Fibre Corp (1326) - Net Assets
Based on the latest financial reports, Formosa Chemicals & Fibre Corp (1326) has net assets worth NT$410.97 Billion TWD (≈ $12.95 Billion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$581.17 Billion ≈ $18.31 Billion USD) and total liabilities (NT$170.20 Billion ≈ $5.36 Billion USD). 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. Check 1326 intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$410.97 Billion |
| % of Total Assets | 70.71% |
| Annual Growth Rate | 6.1% |
| 5-Year Change | -14.16% |
| 10-Year Change | 0.38% |
| Growth Volatility | 15.05 |
Formosa Chemicals & Fibre Corp - Net Assets Trend (2002–2025)
This chart illustrates how Formosa Chemicals & Fibre Corp's net assets have evolved over time, based on quarterly financial data. See 1326 cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Formosa Chemicals & Fibre Corp (2002–2025)
The table below shows the annual net assets of Formosa Chemicals & Fibre Corp from 2002 to 2025. For live valuation and market cap data, see Formosa Chemicals & Fibre Corp market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$381.10 Billion ≈ $12.01 Billion |
+24.75% |
| 2024-12-31 | NT$305.49 Billion ≈ $9.62 Billion |
-20.38% |
| 2023-12-31 | NT$383.69 Billion ≈ $12.09 Billion |
+2.77% |
| 2022-12-31 | NT$373.36 Billion ≈ $11.76 Billion |
-15.91% |
| 2021-12-31 | NT$443.98 Billion ≈ $13.99 Billion |
+12.27% |
| 2020-12-31 | NT$395.45 Billion ≈ $12.46 Billion |
-3.38% |
| 2019-12-31 | NT$409.29 Billion ≈ $12.89 Billion |
-5.55% |
| 2018-12-31 | NT$433.32 Billion ≈ $13.65 Billion |
+3.54% |
| 2017-12-31 | NT$418.50 Billion ≈ $13.19 Billion |
+10.24% |
| 2016-12-31 | NT$379.64 Billion ≈ $11.96 Billion |
+13.98% |
| 2015-12-31 | NT$333.08 Billion ≈ $10.49 Billion |
+2.84% |
| 2014-12-31 | NT$323.89 Billion ≈ $10.20 Billion |
+3.57% |
| 2013-12-31 | NT$312.71 Billion ≈ $9.85 Billion |
+14.46% |
| 2012-12-31 | NT$273.20 Billion ≈ $8.61 Billion |
-7.57% |
| 2011-12-31 | NT$295.57 Billion ≈ $9.31 Billion |
-8.17% |
| 2010-12-31 | NT$321.87 Billion ≈ $10.14 Billion |
+17.35% |
| 2009-12-31 | NT$274.29 Billion ≈ $8.64 Billion |
+27.64% |
| 2008-12-31 | NT$214.89 Billion ≈ $6.77 Billion |
-19.78% |
| 2007-12-31 | NT$267.87 Billion ≈ $8.44 Billion |
+27.26% |
| 2006-12-31 | NT$210.48 Billion ≈ $6.63 Billion |
+29.45% |
| 2005-12-31 | NT$162.60 Billion ≈ $5.12 Billion |
+17.50% |
| 2004-12-31 | NT$138.38 Billion ≈ $4.36 Billion |
+27.57% |
| 2003-12-31 | NT$108.47 Billion ≈ $3.42 Billion |
+11.02% |
| 2002-12-31 | NT$97.71 Billion ≈ $3.08 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to Formosa Chemicals & Fibre 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 78.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$34.85 Billion | 10.08% |
| Common Stock | NT$58.61 Billion | 16.95% |
| Other Comprehensive Income | NT$249.63 Billion | 72.18% |
| Other Components | NT$2.77 Billion | 0.80% |
| Total Equity | NT$345.87 Billion | 100.00% |
Formosa Chemicals & Fibre Corp Competitors by Market Cap
The table below lists competitors of Formosa Chemicals & Fibre Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
CSPC Pharmaceutical Group Limited
F:CVG
|
$9.91 Billion |
|
American Airlines Group
NASDAQ:AAL
|
$9.91 Billion |
|
Compeq Manufacturing Co Ltd
TW:2313
|
$9.91 Billion |
|
Itaúsa - Investimentos Itaú SA
SA:ITSA3
|
$9.91 Billion |
|
Dosilicon Co Ltd
SHG:688110
|
$9.90 Billion |
|
Harmony Gold Mining Company Limited
F:HAM
|
$9.89 Billion |
|
Groep Brussel Lambert NV
BR:GBLB
|
$9.89 Billion |
|
Turkish Airlines
IS:THYAO
|
$9.89 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Formosa Chemicals & Fibre Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 272,548,270,000 to 345,866,503,000, a change of 73,318,233,000 (26.9%).
- Net loss of 5,797,137,000 reduced equity.
- Dividend payments of 2,941,426,000 reduced retained earnings.
- Other comprehensive income increased equity by 228,354,098,000.
- Other factors decreased equity by 146,297,302,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$-5.80 Billion | -1.68% |
| Dividends Paid | NT$2.94 Billion | -0.85% |
| Other Comprehensive Income | NT$228.35 Billion | +66.02% |
| Other Changes | NT$-146.30 Billion | -42.3% |
| Total Change | NT$- | 26.90% |
Book Value vs Market Value Analysis
This analysis compares Formosa Chemicals & Fibre 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: 0.91x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 1.54x to 0.91x 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$34.81 | NT$53.70 | x |
| 2007-12-31 | NT$44.42 | NT$53.70 | x |
| 2008-12-31 | NT$30.23 | NT$53.70 | x |
| 2009-12-31 | NT$39.44 | NT$53.70 | x |
| 2010-12-31 | NT$46.42 | NT$53.70 | x |
| 2011-12-31 | NT$42.39 | NT$53.70 | x |
| 2012-12-31 | NT$39.04 | NT$53.70 | x |
| 2013-12-31 | NT$45.75 | NT$53.70 | x |
| 2014-12-31 | NT$47.55 | NT$53.70 | x |
| 2015-12-31 | NT$48.41 | NT$53.70 | x |
| 2016-12-31 | NT$54.77 | NT$53.70 | x |
| 2017-12-31 | NT$61.31 | NT$53.70 | x |
| 2018-12-31 | NT$63.40 | NT$53.70 | x |
| 2019-12-31 | NT$61.12 | NT$53.70 | x |
| 2020-12-31 | NT$58.87 | NT$53.70 | x |
| 2021-12-31 | NT$66.84 | NT$53.70 | x |
| 2022-12-31 | NT$55.76 | NT$53.70 | x |
| 2023-12-31 | NT$58.00 | NT$53.70 | x |
| 2024-12-31 | NT$46.60 | NT$53.70 | x |
| 2025-12-31 | NT$59.13 | NT$53.70 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Formosa Chemicals & Fibre 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): -1.68%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -2.02%
- • Asset Turnover: 0.53x
- • Equity Multiplier: 1.56x
- Recent ROE (-1.68%) is below the historical average (10.79%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 11.23% | 12.65% | 0.47x | 1.89x | NT$1.20 Billion |
| 2003 | 16.31% | 16.65% | 0.57x | 1.72x | NT$6.85 Billion |
| 2004 | 29.82% | 28.23% | 0.67x | 1.58x | NT$27.42 Billion |
| 2005 | 25.37% | 23.17% | 0.61x | 1.79x | NT$24.14 Billion |
| 2006 | 15.92% | 15.83% | 0.59x | 1.70x | NT$12.08 Billion |
| 2007 | 18.32% | 18.33% | 0.62x | 1.62x | NT$21.66 Billion |
| 2008 | 3.44% | 2.10% | 0.71x | 2.30x | NT$-11.62 Billion |
| 2009 | 12.77% | 9.93% | 0.66x | 1.94x | NT$6.39 Billion |
| 2010 | 17.43% | 12.32% | 0.78x | 1.80x | NT$20.15 Billion |
| 2011 | 13.31% | 8.32% | 0.82x | 1.94x | NT$8.20 Billion |
| 2012 | 3.11% | 1.81% | 0.80x | 2.14x | NT$-15.72 Billion |
| 2013 | 9.30% | 5.81% | 0.81x | 1.97x | NT$-1.88 Billion |
| 2014 | 3.79% | 2.62% | 0.76x | 1.91x | NT$-17.26 Billion |
| 2015 | 9.75% | 8.37% | 0.64x | 1.81x | NT$-704.86 Million |
| 2016 | 13.70% | 13.73% | 0.59x | 1.70x | NT$11.83 Billion |
| 2017 | 15.21% | 15.18% | 0.63x | 1.60x | NT$18.64 Billion |
| 2018 | 13.19% | 11.96% | 0.69x | 1.60x | NT$11.79 Billion |
| 2019 | 8.33% | 9.41% | 0.57x | 1.54x | NT$-5.95 Billion |
| 2020 | 5.68% | 7.72% | 0.48x | 1.54x | NT$-14.89 Billion |
| 2021 | 9.81% | 10.49% | 0.61x | 1.53x | NT$-737.71 Million |
| 2022 | 2.26% | 1.94% | 0.68x | 1.70x | NT$-25.25 Billion |
| 2023 | 2.52% | 2.57% | 0.59x | 1.67x | NT$-25.38 Billion |
| 2024 | 0.14% | 0.11% | 0.71x | 1.80x | NT$-26.88 Billion |
| 2025 | -1.68% | -2.02% | 0.53x | 1.56x | NT$-40.38 Billion |
Industry Comparison
This section compares Formosa Chemicals & Fibre Corp's net assets metrics with peer companies in the Chemicals industry.
Industry Context
- Industry: Chemicals
- Average net assets among peers: $10,920,465,889
- Average return on equity (ROE) among peers: 4.34%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Formosa Chemicals & Fibre Corp (1326) | NT$410.97 Billion | 11.23% | 0.41x | $9.90 Billion |
| Taiwan Styrene Monomer Corp (1310) | $5.05 Billion | -8.72% | 1.10x | $2.63K |
| Grand Pacific Petrochemical Corp (1312) | $25.62 Billion | 11.55% | 0.17x | $461.96 Million |
| Grand Pacific Petrochemical Corp Pref (1312A) | $20.85 Billion | 11.52% | 0.20x | $12.46 Million |
| UPC Technology Corp (1313) | $9.60 Billion | 0.00% | 0.58x | $469.60 Million |
| Sesoda Corp (1708) | $3.77 Billion | 12.04% | 0.84x | $358.91 Million |
| Formosan Union Chemical Corp (1709) | $6.12 Billion | 6.66% | 0.50x | $314.85 Million |
| Oriental Union Chemical Corp (1710) | $15.92 Billion | 5.65% | 1.12x | $377.17 Million |
| Ho Tung Chemical Corp (1714) | $9.00 Billion | -2.60% | 1.18x | $595.37 Million |
| Sunko Ink Co Ltd (1721) | $2.36 Billion | 2.97% | 0.80x | $136.88 Million |
About Formosa Chemicals & Fibre Corp
Formosa Chemicals & Fibre Corporation produces and sells petrochemical products, nylon, and rayon fibers in Taiwan and internationally. The company offers plastic products, including PS resin, ABS resin, PP resin, PC resin, homopolymer PP, polycarbonate, PC/ABS alloy, PP composite materials, SAN andASA resin, and nylon resin; petrochemical, such as benzene, para-xylene, ortho-xylene, meta-xylene,… Read more