Grand Pacific Petrochemical Corp

Chart & Performance

D1W1MN

P/E

—

P/S

0.75

EPS

—

Div Yield, %

4.06%

Shrs. gr., 5y

0.11%

Rev. gr., 5y

-8.67%

Revenues

15.72b

-13.52%

Net income

-1.44b

L+191.21%

CFO

-75m

Dividend

Jul 27, 20230.48955 TWD/sh

Earnings

Mar 13, 2025

Profile

Grand Pacific Petrochemical Corporation produces and sells petrochemical, synthetic resin and plastic, and other chemical products in Taiwan. Its product portfolio includes styrene monomer, an intermediate that is used primarily in the manufacturing of polystyrene (PS) resin, acrylonitrile-butadiene-styrene (ABS) resin, styrene butadiene rubber, and unsaturated polyester; and ABS resins, which are used in automobile interior parts, luggage, pipeline and valve materials, toys, and 3C products, as well as for plastic housing of IT products, such as PC monitors, modems, and scanners. The company's products also comprise PS resins that are used in the manufacturing of food containers, toys, plastic cards materials, and 3C products; and styrene acrylonitrile (SAN) resins used for the case of cassettes, battery, and disposable lighters, as well as blades for electric fans and air conditioner parts. In addition, it offers GPPC GRAMiD Polyamide 6,6, a highly crystalline straight-chain polycondensation polymer used in electronics, instrumentation, machinery, automotive components, home appliances, oil pipes, precision engineering products, textiles, etc., as well as in sporting goods, daily necessities, the production of medical equipment, etc. The company was formerly known as Delta Petrochemical Corporation and changed its name to Grand Pacific Petrochemical Corporation in 1984. The company was incorporated in 1973 and is headquartered in Kaohsiung, Taiwan.

URL

https://www.gppc.com.tw/

IPO date

Dec 21, 1988

Employees

Domiciled in

Incorporated in

Valuation

Order:

Title TWD in thousands, except ratios and share amounts	FY	FY	FY	FY	FY	FY	FY	FY	FY	FY
Title TWD in thousands, except ratios and share amounts	2023‑12	2022‑12	2021‑12	2020‑12	2019‑12	2018‑12	2017‑12	2016‑12	2015‑12	2014‑12
Income
Revenues	15,719,189 -13.52%	18,176,626 -19.38%	22,547,353 36.03%
Cost of revenue	16,830,835	18,934,650	19,636,456
Unusual Expense (Income)
NOPBT	(1,111,646)	(758,024)	2,910,897
NOPBT Margin			12.91%
Operating Taxes	(298,104)	438,778	1,280,711
Tax Rate			44.00%
NOPAT	(813,542)	(1,196,802)	1,630,186
Net income	(1,438,027) 191.21%	(493,812) -108.40%	5,881,161 43.14%
Dividends	(475,310)	(1,865,241)	(104,662)
Dividend yield	3.43%	10.69%	0.39%
Proceeds from repurchase of equity	2,830,345		3,151,246
BB yield	-20.41%		-11.82%
Debt
Debt current	5,898,010	2,488,355	1,286,049
Long-term debt	18,767,334	22,966,034	3,796,322
Deferred revenue	26,494	90,180	85,821
Other long-term liabilities	95,538	28,100	28,873
Net debt	1,240,133	5,253,341	(18,709,711)
Cash flow
Cash from operating activities	(74,823)	2,154,072	4,466,052
CAPEX	(3,918,865)	(12,063,881)	(6,271,156)
Cash from investing activities	(4,155,242)	(15,429,082)	(5,173,714)
Cash from financing activities	2,878,946	12,260,233	2,598,538
FCF	(4,410,512)	(15,427,081)	(5,158,111)
Balance
Cash	9,685,262	11,716,260	10,155,261
Long term investments	13,739,949	8,484,788	13,636,821
Excess cash	22,639,252	19,292,217	22,664,714
Stockholders' equity	35,497,796	35,955,833	39,093,939
Invested Capital	35,525,552	38,232,225	20,205,144
ROIC			9.46%
ROCE			6.54%
EV
Common stock shares outstanding	912,176	925,980	928,680
Price	15.20 -19.36%	18.85 -34.32%	28.70 20.84%
Market cap	13,865,075 -20.57%	17,454,730 -34.51%	26,653,111 20.91%
EV	18,579,537	26,263,682	11,907,685
EBITDA	160,301	493,149	4,259,459
EV/EBITDA	115.90	53.26	2.80
Interest	153,201	76,005	9,312
Interest/NOPBT			0.32%