Formosan Union Chemical Corp

Chart & Performance

D1W1MN

P/E

11.41

P/S

0.81

EPS

1.54

Div Yield, %

3.42%

Shrs. gr., 5y

-0.68%

Rev. gr., 5y

3.21%

Revenues

10.30b

+9.25%

Net income

734m

+75.42%

CFO

1.07b

+34.25%

Dividend

Aug 27, 20240.6 TWD/sh

Profile

Formosan Union Chemical Corp. produces and sells chemical products in Taiwan. The company offers alkyl benzene, which is used as a raw material for detergents; nonyl phenol that is used as a basic raw material for surfactants rubbers and plastic anti-oxidant agents, etc., as well as specialty chemicals; and hydrogenated hydrocarbon resin, which is used as a raw material for the production of ethylene-vinyl acetate polymer EVA and thermal plastic rubber TPR series hot melt adhesives. It also provides FuSyn-22, a synthetic alkylate that is used as a primary base oil or blend stock for various synthetic automotive and industrial applications. In addition, the company manufacturing, rework, and buying/selling of hydrocarbon resin, polyester polyol, melamine resin, resin clay, urea resin, alkyd resin, acetate resin, butyric acid resin, aromatics solvent oil, alkyl benzene, and sulfonic acid; manufacturing and wholesale of petrochemical raw materials, synthetic resin, rubber and plastic, and other chemicals; manufactures sugar; manufactures and sells pesticides; and manufactures batteries and electronic components, as well as power generation, transmission, and distributing machines. Further, it engages in the selling/buying of electronic materials; thermal energy supply; wholesale of cleaning products, and electrical appliances and machines; machinery and equipment installation; buying/selling of machinery and equipment; distribution of liquefied petroleum gas; and provision of petrochemical engineering planning and design, and cylinder maintenance and inspection. The company was founded in 1973 and is headquartered in Taipei, Taiwan.

URL

http://www.fucc.com.tw/

IPO date

Jul 03, 1986

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	2024‑12	2023‑12	2022‑12	2021‑12	2020‑12	2019‑12	2018‑12	2017‑12	2016‑12	2015‑12
Income
Revenues	10,304,487 9.25%	9,432,293 -10.77%	10,571,226 14.92%
Cost of revenue	9,682,478	8,998,896	9,543,431
Unusual Expense (Income)
NOPBT	622,009	433,397	1,027,795
NOPBT Margin	6.04%	4.59%	9.72%
Operating Taxes	155,222	83,727	260,583
Tax Rate	24.95%	19.32%	25.35%
NOPAT	466,787	349,670	767,212
Net income	733,576 75.42%	418,188 -61.44%	1,084,639 14.46%
Dividends	(286,210)	(858,629)	(810,927)
Dividend yield	2.94%	8.60%	7.61%
Proceeds from repurchase of equity
BB yield
Debt
Debt current	977,960	1,602,887	2,178,315
Long-term debt	1,800,433	1,509,217	997,121
Deferred revenue
Other long-term liabilities	5,768	17,216	24,208
Net debt	(185,819)	436,471	194,180
Cash flow
Cash from operating activities	1,069,056	796,339	1,127,623
CAPEX	(382,833)	(58,378)	(87,290)
Cash from investing activities	(245,300)	15,311	(23,281)
Cash from financing activities	(862,955)	(1,525,221)	(550,929)
FCF	176,142	227,004	567,876
Balance
Cash	601,165	724,371	1,566,816
Long term investments	2,363,047	1,951,262	1,414,440
Excess cash	2,448,988	2,204,018	2,452,695
Stockholders' equity	6,505,709	8,195,995	8,472,594
Invested Capital	8,801,972	8,387,501	8,574,473
ROIC	5.43%	4.12%	9.01%
ROCE	5.30%	3.97%	9.05%
EV
Common stock shares outstanding	478,573	477,913	478,777
Price	20.35 -2.63%	20.90 -6.07%	22.25 -3.68%
Market cap	9,738,964 -2.50%	9,988,382 -6.24%	10,652,788 -3.61%
EV	9,822,300	10,694,510	11,123,460
EBITDA	881,241	688,041	1,280,133
EV/EBITDA	11.15	15.54	8.69
Interest	45,247	47,241	33,206
Interest/NOPBT	7.27%	10.90%	3.23%