Energy Minerals

Formosa Petrochemical Corp.

Business Summary

Formosa Petrochemical Corp. engages in the business of refining crude oil and selling & producing of olefins including ethylene, propylene, butadiene, BTX. Its products include gasoline, diesel, liquefied petroleum gas, aviation fuels, kerosene, naphtha, petrochemical, fuel oil, asphalt, sulfur, base oil, lubricant and refined petroleum products. The company also provide electricity, steam, and other utilities products generated from its co-generation power plants. Formosa Petrochemical company was founded on April 6, 1992 and is headquartered in Taipei, Taiwan.

Financial Highlights

Dec 2022	TWD	USD
Revenue	848,048.49M	28,445.62M
Gross Profit	15,098.43M	506.43M
Operating income	5,420.13M	181.80M
Income before tax	17,656.62M	592.24M
Net income	14,421.56M	483.73M
EBITDA	20,438.30M	685.55M
Diluted EPS	1.51	0.05
Dividends Per Share	1.10	0.03
Total Assets	421,781.46M	13,722.94M
Total liabilities	104,496.10M	3,399.85M
Total equity	312,488.43M	10,167.02M
Operating cash flow	-4,363.43M	-146.36M
	Currency in TWD	Currency in USD

Historical Data

TWD | USD

	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022
Revenue	767,550.21M	646,022.80M	415,281.76M	620,062.32M	848,048.49M
Gross Profit	76,747.49M	46,684.33M	11,936.61M	64,678.24M	15,098.43M
Operating income	66,469.32M	36,785.65M	2,768.76M	55,177.38M	5,420.13M
Income before tax	74,079.17M	44,072.86M	7,160.14M	59,991.78M	17,656.62M
Net income	60,090.22M	36,798.21M	7,429.60M	49,401.40M	14,421.56M
EBITDA	79,687.85M	48,878.29M	15,371.34M	68,164.75M	20,438.30M
Diluted EPS	6.30	3.86	0.77	5.18	1.51
Dividends Per Share	4.80	2.90	0.59	3.80	1.10
Total Assets	405,769.45M	398,031.79M	380,923.11M	458,757.10M	421,781.46M
Total liabilities	65,113.27M	64,029.78M	68,296.04M	96,990.02M	104,496.10M
Total equity	337,738.20M	330,223.06M	308,101.35M	357,414.46M	312,488.43M
Operating cash flow	78,789.11M	48,917.16M	37,882.12M	37,601.06M	-4,363.43M

	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022
Revenue	25,453.95M	20,898.29M	14,103.87M	22,199.09M	28,445.62M
Gross Profit	2,545.14M	1,510.19M	405.39M	2,315.57M	506.43M
Operating income	2,204.29M	1,189.98M	94.03M	1,975.42M	181.80M
Income before tax	2,456.65M	1,425.71M	243.17M	2,147.78M	592.24M
Net income	1,992.74M	1,190.39M	252.32M	1,768.63M	483.73M
EBITDA	2,642.65M	1,581.17M	522.04M	2,440.39M	685.55M
Diluted EPS	0.20	0.12	0.02	0.18	0.05
Dividends Per Share	0.15	0.09	0.02	0.13	0.03
Total Assets	13,201.33M	13,277.90M	13,556.94M	16,581.38M	13,722.94M
Total liabilities	2,118.40M	2,135.96M	2,430.63M	3,505.62M	3,399.85M
Total equity	10,988.00M	11,015.88M	10,965.24M	12,918.44M	10,167.02M
Operating cash flow	2,612.85M	1,582.42M	1,286.55M	1,346.17M	-146.36M

Valuation Measures

Dec 2022
PER	53.04
ROA	3.27%
ROE	4.30%
Operating margin	0.63%
Profit margin	1.70%

Key executives

General Manager & Director: Ming Tsao
Chief Financial Officer & Deputy Spokesman: Chien Tang Tsai
Deputy General Manager: Han Ting Chen
Director & Deputy General Manager: Jui Shih Chen
Director & Deputy General Manager: Ling Sheng Ma

Shareholders

Formosa Plastics Corp. (28.5%)
Formosa Chemicals & Fibre Corp. (24.1%)
Nan Ya Plastics Corp. (23.1%)
Chang Gung Medical Foundation (5.7%)
Formosa Taffeta Co., Ltd. (3.8%)
Chuang Shih Capital Group Co. Ltd. (0.6%)
Pao Erh Energy Co. Ltd. (0.5%)
Chung Yang Capital Management Co. Ltd. (0.4%)
Labor Pension New Fund (0.4%)
Asia Optical Co., Inc. (0.4%)

Contact Details

Website:http://www.fpcc.com.tw
Address: Formosa Building, Room 377, 4th Floor, Taipei, 105 08, Taiwan
Phone: +886.2.2712.2211

Related Companies

FPCC NATURE Corp.
FPCC DILIGENCE Corp.
FG, Inc.
FPCC MAJESTY Corp.
FPCC USA, Inc.
Formosa Petrochemical Transportation Corp.
Tai Yifong Co. Ltd.
Formosa Fairway Corp.
Formosa Oil (Asia Pacific) Corp.
Liu Ching Motors Co. Ltd.
Tai Ya Petrolium Co. Ltd.
Whale World International Co. Ltd.
Chia Te Hsing Co. Ltd.

Competitors

China Petroleum & Chemical Corporation Class H
Hans Energy Co. Ltd.
China Sanjiang Fine Chemicals Co., Ltd.
Shin-Etsu Chemical Co Ltd
Oil Refineries Ltd.
Shan-Loong Transportation Co., Ltd.
Formosa Taffeta Co., Ltd.
USI Corporation

Last Updated on 30 May, 2023