- Monthly Sales: In July 2024, Formosa Petrochemical recorded sales of NT$60.24 billion.
- Growth: This represents an increase of 12.7% compared to the previous period.
- Analyst Recommendations: Among analysts covering Formosa Petrochemical:
- 2 analysts recommend buying the stock.
- 9 analysts suggest holding the stock.
- 2 analysts advise selling the stock.
“`
A look at Formosa Petrochemical Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 4 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Formosa Petrochemical Corp. is positioned favorably for long-term growth and stability based on the Smartkarma Smart Scores assessment. With high scores in key areas such as Value and Dividend, the company demonstrates strong fundamentals and potential for solid returns to investors. Additionally, its Resilience score indicates a robust ability to weather economic downturns and maintain steady performance over time.
Although Formosa Petrochemical Corp. shows slightly lower scores in Growth and Momentum, the company’s overall outlook remains positive due to its strong foundation in refining crude oil and marketing a variety of petroleum and petrochemical products. With a solid reputation in the industry, Formosa Petrochemical Corp. is well-positioned for continued success and profitability in the long run.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
