- June Sales Increased: Formosa Plastics reported June sales of NT$17.05 billion.
- Year-over-Year Growth: Sales grew by 7.3% compared to the same month last year.
- Previous Year Comparison: Last year’s June sales were NT$15.89 billion.
- Analyst Ratings: Current analyst opinions include 2 buys, 9 holds, and 3 sells.
- Percentage Increase: The sales increase corresponds to a 7.28% rise year-over-year.
A look at Formosa Plastics Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 5 | |
| Growth | 2 | |
| Resilience | 3 | |
| Momentum | 2 | |
| OVERALL SMART SCORE | 3.4 |
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 Plastics Corporation, a manufacturer of plastics materials and chemical fiber products, has garnered high Smart Scores in Value and Dividend, reflecting strong fundamentals in these areas. With a top score in Value, the company is considered attractive based on its financial metrics and market position. Additionally, its robust Dividend score indicates a commitment to rewarding shareholders through consistent payouts.
While Formosa Plastics scores lower in Growth, Resilience, and Momentum factors, indicating areas for potential improvement, its core strengths lie in its solid foundation and ability to generate value and income for investors. The company’s diverse product line, including PVC resins, high-density polyethylene, and acrylic fiber, positions it well in the market despite some growth challenges. Overall, Formosa Plastics shows promise for long-term investors seeking value and income opportunities in the industry.
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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