Formosa Plastics Corp
TWSE:1301

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Formosa Plastics Corp
TWSE:1301
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Price: 37.25 TWD 1.5% Market Closed
Market Cap: 237.1B TWD
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Relative Value

The Relative Value of one Formosa Plastics Corp stock under the Base Case scenario is 54.79 TWD. Compared to the current market price of 37.25 TWD, Formosa Plastics Corp is Undervalued by 32%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

Relative Value
Base Case
54.79 TWD
Undervaluation 32%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

1.2
P/S
P/S
Price to Sales
1.2
vs History
98
vs Industry
33
Median 3Y
2.2
Median 5Y
2.4
Industry
1.5
Forward
1.2
More Details
Negative
P/E
P/E
Price to Earnings
N/A
vs History
vs Industry
8
Median 3Y
15.7
Median 5Y
15.9
Industry
21.7
Forward
46.8
More Details
53.8
P/OCF
P/OCF
Price to OCF
53.8
vs History
15
vs Industry
7
Median 3Y
15.5
Median 5Y
13
Industry
13
More Details
13.1
P/FCFE
P/FCFE
Price to FCFE
13.1
vs History
66
vs Industry
37
Median 3Y
16.8
Median 5Y
18.4
Industry
20.5
More Details
0.8
P/B
P/B
Price to Book Value
0.8
vs History
98
vs Industry
59
Median 3Y
1.5
Median 5Y
1.5
Industry
1.6
More Details
1.4
EV/S
EV/S
Enterprise Value to Sales
1.4
vs History
98
vs Industry
33
Median 3Y
2.1
Median 5Y
2.2
Industry
1.6
Forward
1.3
More Details
27.3
EV/GP
EV/GP
Enterprise Value to Gross Profit
27.3
vs History
26
vs Industry
3
Median 3Y
19.4
Median 5Y
15.7
Industry
7.2
More Details
63.7
EV/EBITDA
EV/EBITDA
Enterprise Value to EBITDA
63.7
vs History
22
vs Industry
1
Median 3Y
25.2
Median 5Y
18.2
Industry
13.2
Forward
25.2
More Details
Negative
EV/EBIT
EV/EBIT
Enterprise Value to EBIT
N/A
vs History
vs Industry
30
Median 3Y
8.7
Median 5Y
11
Industry
17.5
Forward
-191.9
More Details
60.9
EV/OCF
EV/OCF
Enterprise Value to OCF
60.9
vs History
14
vs Industry
6
Median 3Y
14.4
Median 5Y
11.9
Industry
13.9
More Details
Negative
EV/FCFF
EV/FCFF
Enterprise Value to FCFF
N/A
vs History
vs Industry
0
Median 3Y
12.3
Median 5Y
14.8
Industry
19.1
More Details
0.6
EV/IC
EV/IC
Enterprise Value to IC
0.6
vs History
98
vs Industry
57
Median 3Y
1.2
Median 5Y
1.3
Industry
1.3
More Details

Multiples Across Competitors

Competitors Multiples
Formosa Plastics Corp Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
TW
Formosa Plastics Corp
TWSE:1301
237.1B TWD 1.2 -53.8 63.7 -59.2
SA
Saudi Basic Industries Corporation SJSC
SAU:2010
228.3B SAR 1.6 134.1 13.4 59
ID
Chandra Asri Pacific PT Tbk
OTC:PTPIF
43.8B USD 25.3 -607.3 -905.5 -905.5
ID
Chandra Asri Petrochemical Tbk PT
IDX:TPIA
640.2T IDR 22.9 -549 -819.2 -819.2
US
Dow Inc
NYSE:DOW
28B USD 0.6 26.6 8.9 22.1
UK
LyondellBasell Industries NV
NYSE:LYB
24B USD 0.6 11.2 7.2 10.8
CN
Hengli Petrochemical Co Ltd
SSE:600346
107.8B CNY 0.4 17.1 19.2 19.2
US
Westlake Corp
NYSE:WLK
14.7B USD 1.2 153.4 8.4 19.6
KR
LG Chem Ltd
KRX:051910
20T KRW 0.4 70.8 5.7 23.4
CN
Rongsheng Petrochemical Co Ltd
SZSE:002493
86.8B CNY 0.3 45.1 21.6 21.6
IN
Solar Industries India Ltd
NSE:SOLARINDS
923B INR 14.3 91.3 57.8 64.1
P/E Multiple
Earnings Growth P/E to Growth
TW
Formosa Plastics Corp
TWSE:1301
Average P/E: 68.7
Negative Multiple: -53.8
133%
N/A
SA
Saudi Basic Industries Corporation SJSC
SAU:2010
134.1
N/A N/A
ID
Chandra Asri Pacific PT Tbk
OTC:PTPIF
Negative Multiple: -607.3 N/A N/A
ID
Chandra Asri Petrochemical Tbk PT
IDX:TPIA
Negative Multiple: -549 N/A N/A
US
Dow Inc
NYSE:DOW
26.6
371%
0.1
UK
LyondellBasell Industries NV
NYSE:LYB
11.2
53%
0.2
CN
Hengli Petrochemical Co Ltd
SSE:600346
17.1
81%
0.2
US
Westlake Corp
NYSE:WLK
153.4
173%
0.9
KR
LG Chem Ltd
KRX:051910
70.8
160%
0.4
CN
Rongsheng Petrochemical Co Ltd
SZSE:002493
45.1
520%
0.1
IN
Solar Industries India Ltd
NSE:SOLARINDS
91.3
148%
0.6
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
TW
Formosa Plastics Corp
TWSE:1301
Average EV/EBITDA: 22.9
63.7
383%
0.2
SA
Saudi Basic Industries Corporation SJSC
SAU:2010
13.4
71%
0.2
ID
Chandra Asri Pacific PT Tbk
OTC:PTPIF
Negative Multiple: -905.5 N/A N/A
ID
Chandra Asri Petrochemical Tbk PT
IDX:TPIA
Negative Multiple: -819.2 N/A N/A
US
Dow Inc
NYSE:DOW
8.9
58%
0.2
UK
LyondellBasell Industries NV
NYSE:LYB
7.2
12%
0.6
CN
Hengli Petrochemical Co Ltd
SSE:600346
19.2
129%
0.1
US
Westlake Corp
NYSE:WLK
8.4
29%
0.3
KR
LG Chem Ltd
KRX:051910
5.7
85%
0.1
CN
Rongsheng Petrochemical Co Ltd
SZSE:002493
21.6
346%
0.1
IN
Solar Industries India Ltd
NSE:SOLARINDS
57.8
88%
0.7
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
TW
Formosa Plastics Corp
TWSE:1301
Average EV/EBIT: 30
Negative Multiple: -59.2 		N/A N/A
SA
Saudi Basic Industries Corporation SJSC
SAU:2010
59
239%
0.2
ID
Chandra Asri Pacific PT Tbk
OTC:PTPIF
Negative Multiple: -905.5 N/A N/A
ID
Chandra Asri Petrochemical Tbk PT
IDX:TPIA
Negative Multiple: -819.2 N/A N/A
US
Dow Inc
NYSE:DOW
22.1
111%
0.2
UK
LyondellBasell Industries NV
NYSE:LYB
10.8
20%
0.5
CN
Hengli Petrochemical Co Ltd
SSE:600346
19.2
36%
0.5
US
Westlake Corp
NYSE:WLK
19.6
61%
0.3
KR
LG Chem Ltd
KRX:051910
23.4
140%
0.2
CN
Rongsheng Petrochemical Co Ltd
SZSE:002493
21.6
151%
0.1
IN
Solar Industries India Ltd
NSE:SOLARINDS
64.1
87%
0.7

See Also

Summary
Intrinsic value, competitors valuation, and company profile.
DCF Valuation
Stock valuation using Discount Cash Flow valuation method.
Relative Valuation
Stock valuation using valuation multiples.
Wall Street Estimates
Price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
Stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
Discover More
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