Formosa Petrochemical Corp
Formosa Petrochemical Corporation, together with its subsidiaries, engages in the petrochemical business in Taiwan, Australia, Korea, the Philippines, Singapore, Malaysia, Mainland China, and internationally. It operates through Petrochemical, Public utility and Others segments. The company is involved in the refining of crude oil; selling of refined petroleum products; and producing and selling … Read more
Formosa Petrochemical Corp (6505) - Net Assets
Latest net assets as of September 2025: NT$312.19 Billion TWD
Based on the latest financial reports, Formosa Petrochemical Corp (6505) has net assets worth NT$312.19 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$376.00 Billion) and total liabilities (NT$63.81 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$312.19 Billion |
| % of Total Assets | 83.03% |
| Annual Growth Rate | 3.94% |
| 5-Year Change | -3.32% |
| 10-Year Change | 13.32% |
| Growth Volatility | 12.78 |
Formosa Petrochemical Corp - Net Assets Trend (2002–2024)
This chart illustrates how Formosa Petrochemical 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 Petrochemical Corp (2002–2024)
The table below shows the annual net assets of Formosa Petrochemical Corp from 2002 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$302.25 Billion | -11.42% |
| 2023-12-31 | NT$341.22 Billion | +7.54% |
| 2022-12-31 | NT$317.29 Billion | -12.30% |
| 2021-12-31 | NT$361.77 Billion | +15.72% |
| 2020-12-31 | NT$312.63 Billion | -6.40% |
| 2019-12-31 | NT$334.00 Billion | -1.95% |
| 2018-12-31 | NT$340.66 Billion | -1.01% |
| 2017-12-31 | NT$344.15 Billion | +11.34% |
| 2016-12-31 | NT$309.10 Billion | +15.89% |
| 2015-12-31 | NT$266.72 Billion | +11.34% |
| 2014-12-31 | NT$239.56 Billion | -0.34% |
| 2013-12-31 | NT$240.37 Billion | +16.20% |
| 2012-12-31 | NT$206.87 Billion | -7.33% |
| 2011-12-31 | NT$223.23 Billion | -8.61% |
| 2010-12-31 | NT$244.26 Billion | +4.90% |
| 2009-12-31 | NT$232.85 Billion | +20.00% |
| 2008-12-31 | NT$194.04 Billion | -24.86% |
| 2007-12-31 | NT$258.23 Billion | +18.59% |
| 2006-12-31 | NT$217.75 Billion | +3.58% |
| 2005-12-31 | NT$210.22 Billion | +17.38% |
| 2004-12-31 | NT$179.09 Billion | +28.12% |
| 2003-12-31 | NT$139.78 Billion | +8.12% |
| 2002-12-31 | NT$129.28 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Formosa Petrochemical 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 464.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$87.17 Billion | 29.35% |
| Common Stock | NT$95.26 Billion | 32.08% |
| Other Comprehensive Income | NT$-1.44 Billion | -0.48% |
| Other Components | NT$115.97 Billion | 39.05% |
| Total Equity | NT$296.96 Billion | 100.00% |
Formosa Petrochemical Corp Competitors by Market Cap
The table below lists competitors of Formosa Petrochemical Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Bank of N.T. Butterfield & Son Ltd
NYSE:NTB
|
$2.02 Billion |
|
Nien Made Enterprise Co Ltd
TW:8464
|
$2.02 Billion |
|
Suntory Beverage & Food Ltd
PINK:STBFY
|
$2.02 Billion |
|
JK Cement Limited
NSE:JKCEMENT
|
$2.02 Billion |
|
Robert Half International Inc
NYSE:RHI
|
$2.02 Billion |
|
Civitas Resources Inc
NYSE:CIVI
|
$2.02 Billion |
|
Wilson Bank Holding Company
PINK:WBHC
|
$2.02 Billion |
|
Tonghua Golden-Horse Pharmaceutical Industry Co Ltd
SHE:000766
|
$2.01 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Formosa Petrochemical Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 336,334,286,000 to 296,960,564,000, a change of -39,373,722,000 (-11.7%).
- Net income of 5,970,918,000 contributed positively to equity growth.
- Dividend payments of 19,051,842,000 reduced retained earnings.
- Other comprehensive income decreased equity by 115,270,944,000.
- Other factors increased equity by 88,978,146,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$5.97 Billion | +2.01% |
| Dividends Paid | NT$19.05 Billion | -6.42% |
| Other Comprehensive Income | NT$-115.27 Billion | -38.82% |
| Other Changes | NT$88.98 Billion | +29.96% |
| Total Change | NT$- | -11.71% |
Book Value vs Market Value Analysis
This analysis compares Formosa Petrochemical 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: 1.82x
- 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 2.48x to 1.82x 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$22.86 | NT$56.70 | x |
| 2007-12-31 | NT$27.10 | NT$56.70 | x |
| 2008-12-31 | NT$20.37 | NT$56.70 | x |
| 2009-12-31 | NT$24.44 | NT$56.70 | x |
| 2010-12-31 | NT$25.66 | NT$56.70 | x |
| 2011-12-31 | NT$23.41 | NT$56.70 | x |
| 2012-12-31 | NT$21.71 | NT$56.70 | x |
| 2013-12-31 | NT$25.23 | NT$56.70 | x |
| 2014-12-31 | NT$25.14 | NT$56.70 | x |
| 2015-12-31 | NT$28.00 | NT$56.70 | x |
| 2016-12-31 | NT$32.44 | NT$56.70 | x |
| 2017-12-31 | NT$35.83 | NT$56.70 | x |
| 2018-12-31 | NT$35.45 | NT$56.70 | x |
| 2019-12-31 | NT$34.67 | NT$56.70 | x |
| 2020-12-31 | NT$32.34 | NT$56.70 | x |
| 2021-12-31 | NT$37.52 | NT$56.70 | x |
| 2022-12-31 | NT$32.80 | NT$56.70 | x |
| 2023-12-31 | NT$35.31 | NT$56.70 | x |
| 2024-12-31 | NT$31.17 | NT$56.70 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Formosa Petrochemical Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 2.01%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.90%
- • Asset Turnover: 1.79x
- • Equity Multiplier: 1.25x
- Recent ROE (2.01%) is below the historical average (13.78%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 8.84% | 7.25% | 0.51x | 2.41x | NT$-1.50 Billion |
| 2003 | 13.55% | 8.60% | 0.67x | 2.35x | NT$4.96 Billion |
| 2004 | 28.06% | 15.46% | 0.92x | 1.98x | NT$32.35 Billion |
| 2005 | 27.24% | 13.66% | 1.03x | 1.93x | NT$36.23 Billion |
| 2006 | 20.43% | 8.37% | 1.21x | 2.02x | NT$22.70 Billion |
| 2007 | 26.96% | 9.93% | 1.43x | 1.90x | NT$43.79 Billion |
| 2008 | 7.83% | 1.73% | 2.03x | 2.22x | NT$-4.21 Billion |
| 2009 | 16.83% | 6.17% | 1.41x | 1.93x | NT$15.91 Billion |
| 2010 | 16.76% | 5.46% | 1.66x | 1.85x | NT$16.50 Billion |
| 2011 | 10.08% | 2.81% | 1.73x | 2.07x | NT$179.93 Million |
| 2012 | 1.31% | 0.30% | 1.92x | 2.26x | NT$-17.96 Billion |
| 2013 | 11.18% | 2.88% | 1.93x | 2.01x | NT$2.82 Billion |
| 2014 | 3.78% | 0.99% | 1.93x | 1.97x | NT$-14.89 Billion |
| 2015 | 17.74% | 7.51% | 1.48x | 1.60x | NT$20.63 Billion |
| 2016 | 24.51% | 13.87% | 1.21x | 1.46x | NT$44.86 Billion |
| 2017 | 23.49% | 12.85% | 1.45x | 1.26x | NT$46.04 Billion |
| 2018 | 17.79% | 7.83% | 1.89x | 1.20x | NT$26.32 Billion |
| 2019 | 11.14% | 5.70% | 1.62x | 1.21x | NT$3.78 Billion |
| 2020 | 2.41% | 1.79% | 1.09x | 1.24x | NT$-23.38 Billion |
| 2021 | 13.82% | 7.97% | 1.35x | 1.28x | NT$13.66 Billion |
| 2022 | 4.62% | 1.70% | 2.01x | 1.35x | NT$-16.83 Billion |
| 2023 | 6.51% | 3.07% | 1.71x | 1.24x | NT$-11.74 Billion |
| 2024 | 2.01% | 0.90% | 1.79x | 1.25x | NT$-23.73 Billion |
Industry Comparison
This section compares Formosa Petrochemical Corp's net assets metrics with peer companies in the Oil & Gas Refining & Marketing industry.
No peer company data available for comparison.