Earnings Alerts

Formosa Petrochemical (6505) Earnings: September Sales Hit NT$53.32 Billion Amid -24.2% Decline

By October 11, 2024 No Comments
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  • Formosa Petrochemical reported sales of NT$53.32 billion for September 2024.
  • There was a 24.2% decrease in sales compared to previous periods.
  • Analyst recommendations consist of 2 buy ratings, 8 hold ratings, and 2 sell ratings.

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A look at Formosa Petrochemical Smart Scores

FactorScoreMagnitude
Value4
Dividend4
Growth3
Resilience4
Momentum2
OVERALL SMART SCORE3.4

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. has been rated with a solid overall outlook based on its Smartkarma Smart Scores. With high scores in Value, Dividend, and Resilience, the company is positioned well in terms of financial stability and return on investment. These factors suggest that Formosa Petrochemical may be a reliable choice for long-term investors looking for a company with strong fundamentals and income potential. However, the company’s lower scores in Growth and Momentum indicate that it may not be experiencing significant rapid expansion or market momentum compared to its peers.

Formosa Petrochemical Corp. is a key player in the oil refining and petrochemical industry, operating refineries, naphtha cracking plants, and utility centers. Its diverse product range including gasoline, diesel, jet fuel, and ethylene, as well as its electricity generation capabilities, showcase its prominent position in the market. Investors eyeing stable value, consistent dividends, and resilience in challenging conditions may find Formosa Petrochemical a promising long-term investment option.


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.
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