Formosa Taffeta Co Ltd

Chart & Performance

D1W1MN

P/E

73.23

P/S

1.14

EPS

0.26

Div Yield, %

7.59%

Shrs. gr., 5y

0.03%

Rev. gr., 5y

-8.54%

Revenues

28.50b

-17.92%

Net income

445m

-86.94%

CFO

4.09b

+12.93%

Dividend

Jul 31, 20240.5 TWD/sh

Earnings

Mar 10, 2025

Profile

Formosa Taffeta Co., Ltd. operates in the textile industry in Asia. It operates through three segments: First Business Group, Cord Fabric Department, and Gasoline Department. The company engages in researching, developing, warping, sizing, beaming, twisting, designing, weaving, dyeing, printing, and finishing fabrics and textured yarns. It provides polyamine, polyester, sports, functional, and medical fabrics; tire cord fabrics, base cloths of conveyor ducks, chafers for tire-lips, anti-puncture fabric for bikes, lining fabric, etc.; cotton, blended, and MVS yarns; and nano far infrared ray, nano anion, germanium, fine diner, hollow section insulation, low-pilling, functional, comfort, eco-friendly, protective, and flame resistance fabrics, as well as protective fabrics of uniforms for military, police, and firefighter applications. The company also offers medical protective antibacterial, bullet proof, anti-puncture, carbon fiber fabrics, and PE plastic bags. In addition, it operates gasoline stations; and offers petroleum, as well as car washing services. The company was formerly known as Formosa Fiber Co., Ltd. and changed its name to Formosa Taffeta Co., Ltd. in January 1979. Formosa Taffeta Co., Ltd. was incorporated in 1973 and is headquartered in Douliu, Taiwan.

URL

http://www.ftc.com.tw/

IPO date

Dec 24, 1985

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	28,501,509 -17.92%	34,722,655 5.86%	32,799,007 13.95%
Cost of revenue	28,240,800	33,452,830	31,248,840
Unusual Expense (Income)
NOPBT	260,709	1,269,825	1,550,167
NOPBT Margin	0.91%	3.66%	4.73%
Operating Taxes	106,403	301,233	244,188
Tax Rate	40.81%	23.72%	15.75%
NOPAT	154,306	968,592	1,305,979
Net income	444,554 -86.94%	3,404,981 58.88%	2,143,167 2.27%
Dividends	(2,470,288)	(1,645,984)	(1,684,507)
Dividend yield	5.82%	3.66%	3.43%
Proceeds from repurchase of equity
BB yield
Debt
Debt current	2,406,372	4,823,507	4,112,767
Long-term debt	12,078,260	11,247,289	11,240,332
Deferred revenue
Other long-term liabilities	149,548	330,775	414,862
Net debt	(33,434,836)	(30,947,064)	(38,185,315)
Cash flow
Cash from operating activities	4,092,706	3,624,078	2,433,092
CAPEX	(687,417)	(852,287)	(469,841)
Cash from investing activities	(1,364,064)	(909,164)	(689,510)
Cash from financing activities	(3,916,306)	(1,035,608)	(1,333,856)
FCF	2,572,143	193,746	804,924
Balance
Cash	5,466,956	6,554,912	5,023,501
Long term investments	42,452,512	40,462,948	48,514,913
Excess cash	46,494,393	45,281,727	51,898,464
Stockholders' equity	41,497,516	54,461,175	60,971,192
Invested Capital	26,571,867	25,668,331	25,104,538
ROIC	0.59%	3.82%	5.29%
ROCE	0.38%	1.78%	2.00%
EV
Common stock shares outstanding	1,684,665	1,682,471	1,682,471
Price	25.20 -5.79%	26.75 -8.23%	29.15 -6.12%
Market cap	42,453,558 -5.67%	45,006,099 -8.23%	49,044,030 -6.12%
EV	9,018,722	14,059,035	10,858,715
EBITDA	1,637,587	2,648,483	2,898,738
EV/EBITDA	5.51	5.31	3.75
Interest	348,880	221,691	154,409
Interest/NOPBT	133.82%	17.46%	9.96%