- Formosa Plastics‘ sales for May 2024 amounted to NT$17.40 billion.
- This is an increase from NT$16.36 billion in May 2023.
- The sales growth represents a 6.4% year-over-year increase.
- In total, the sales have risen by 6.36%.
- Analyst ratings: 1 buy, 8 holds, and 3 sells.
- Comparisons are based on the company’s original disclosures.
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 leading manufacturer of plastics materials and chemical fiber products, is positioned for long-term growth and stability based on its Smartkarma Smart Scores. With an impressive Value score of 5 and a strong Dividend score of 5, the company is deemed to offer attractive investment opportunities backed by solid financials and return potential for investors.
Although Formosa Plastics scored lower in Growth and Momentum, with scores of 2, and Resilience with a score of 3, the company’s core focus on value and dividends showcases its commitment to providing consistent returns to shareholders. With a diversified product portfolio that includes PVC resins, high density polyethylene, and acrylic fiber, Formosa Plastics maintains a resilient position in the market despite some growth and momentum challenges.
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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