Asia Polymer Corp
TWSE:1308

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Asia Polymer Corp
TWSE:1308
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Price: 14.55 TWD -2.02% Market Closed
Market Cap: NT$8.6B

EV/GP

30.7
Current
68%
More Expensive
vs 3-y average of 18.2

Enterprise Value to Gross Profit (EV/GP) ratio compares a company`s total enterprise value to its gross profit. It shows how much investors are paying for each dollar of the company`s gross profit, including both equity and debt.

EV/GP
30.7
=
Enterprise Value
NT$8.8B
/
Gross Profit
NT$249.3m

Enterprise Value to Gross Profit (EV/GP) ratio compares a company`s total enterprise value to its gross profit. It shows how much investors are paying for each dollar of the company`s gross profit, including both equity and debt.

EV/GP
30.7
=
Enterprise Value
NT$8.8B
/
Gross Profit
NT$249.3m

Valuation Scenarios

Asia Polymer Corp is trading above its 3-year average

If EV/GP returns to its 3-Year Average (18.2), the stock would be worth NT$8.64 (41% downside from current price).

Statistics
Positive Scenarios
0/4
Maximum Downside
-70%
Maximum Upside
No Upside Scenarios
Average Downside
61%
Scenario EV/GP Value Implied Price Upside/Downside
Current Multiple 30.7 NT$14.55
0%
3-Year Average 18.2 NT$8.64
-41%
5-Year Average 9.9 NT$4.71
-68%
Industry Average 10.9 NT$5.17
-64%
Country Average 9.2 NT$4.37
-70%

Forward EV/GP
Today’s price vs future gross profit

Not enough data available to calculate forward EV/GP

Peer Comparison

All Multiples
EV/GP
P/E
All Countries
Close
P/E Multiple
Earnings Growth PEG
TW
Asia Polymer Corp
TWSE:1308
Average P/E: 83.9
Negative Multiple: -8.3
N/A N/A
SA
Saudi Basic Industries Corporation SJSC
SAU:2010
Negative Multiple: -8.8 N/A N/A
ID
Chandra Asri Pacific PT Tbk
OTC:PTPIF
41.8
N/A N/A
ID
Chandra Asri Petrochemical Tbk PT
IDX:TPIA
26
N/A N/A
US
Dow Inc
NYSE:DOW
Negative Multiple: -10.8 N/A N/A
UK
LyondellBasell Industries NV
NYSE:LYB
Negative Multiple: -31.4 N/A N/A
TW
Nan Ya Plastics Corp
TWSE:1303
160.8
138%
1.2
CN
Hengli Petrochemical Co Ltd
SSE:600346
17
N/A N/A
KR
LG Chem Ltd
KRX:051910
Negative Multiple: -17.5 N/A N/A
CN
Rongsheng Petrochemical Co Ltd
SZSE:002493
176.8
82%
2.2
CN
G
Guangzhou Tinci Materials Technology Co Ltd
SZSE:002709
81
92%
0.9

Market Distribution

Higher than 90% of companies in Taiwan
Percentile
90th
Based on 775 companies
90th percentile
30.7
Low
0.2 — 6.4
Typical Range
6.4 — 14.1
High
14.1 —
Distribution Statistics
Taiwan
Min 0.2
30th Percentile 6.4
Median 9.2
70th Percentile 14.1
Max 10 648.4

Asia Polymer Corp
Glance View

Market Cap
8.6B TWD
Industry
Chemicals

Asia Polymer Corp. engages in the production of low-density polyethylene resin and ethylene-vinyl acetate resin. The company is headquartered in Linyuan, Kaohsiung. Its products include low-density polyethylene (LDPE) resins and ethylene-vinyl acetate (EVA) resins. Its LDPE products are applied in the processing of packaging films, the manufacture of plastic products and accessories and the manufacture of plastic films. Its EVA products are applied in the production of foam materials, sports equipment, solar cell films, laminating films and insulation materials for wire and cable. The firm operates businesses in China, Southeast Asia, South Asia, Middle East, South Africa, Europe and Northeast Asia, among others. The firm is also engaged in investment businesses through its subsidiaries.

Intrinsic Value
9.77 TWD
Overvaluation 33%
Intrinsic Value
Price NT$14.55
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