Obermatt

Formosa Chemicals & Fibre

TAI:1326 · TW0001326007
ChemicalsLarge

360

79
EV / EBIT1
Price / Owner Earnings3
Owner Earnings Yield52
Dividend Yield89
Price/Sales19
EV / Gross Profit15
Price/Book46
Return on Capital22
Cash Return on Capital50
Return on Equity37
EBIT Margin20
Gross Profitability10
Cash Conversion100
Accruals76
Owner Earnings Margin50
Sales growth67
Profit growth74
Reinvestment38
Price momentum96
Debt load64
Refinancing19
Debt Payback68
Liquidity37
Analyst ratings50
Opinion Changes50
Price Target Upside39
Market mood63
Value Creation8/20creating some value
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Formosa Chemicals & Fibre clears its cost of capital, but the record is mixed across the five tests. Real value creation, just not yet consistent.

Profile

CountryTaiwan
IndustryChemicals
SizeLarge
TypePublic Company
ExchangeTWSE
Founded1965
Employees89
ISINTW0001326007
Last UpdateApr 2, 2026
Themes
ManufacturingScience and Engineering

Description

Analysis

Hope premium

Formosa Chemicals & Fibre Corporation is priced well ahead of what the underlying numbers justify, a pattern we describe as a hope premium.

On valuation, the picture is expensive. The owner-earnings multiple stands at 219.9×; owner earnings: the cash an owner could take out each year.

Growth is solid; the safety picture is sturdy. The company scores 8/20 on our value-creation score: creating some value.

No flags apply to this company at this time: accounts, balance sheet, and cash quality all pass. A clean bill of health is meaningful, not just the absence of a warning. This analysis describes numbers; it is not investment advice.

360° rank · history

1007550250
45
2023202420252026

All-time high

45

Jun 2026

All-time low

1

Jan 2023

Average rank

21

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
19
55
25
25
Price/Earnings
6
5
13
21
Price/Book
46
79
38
38
Dividend Yield
89
25
36
27
Value (overall)
20
37
21
19

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →