Ocean Plastics Co Ltd (1321) Fair Value & Analysis

Basic Materials · TW · Market cap 7.1B TWD (≈ $223M) · ISIN TW0001321008

What is Ocean Plastics Co Ltd really worth?

What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

What matters now

• The price sits above even our optimistic bull case (8.64 TWD). The favourable scenario is already priced in.
• Weak quality (40/100) and above fair value at the same time, the margin of safety is missing on both counts.
• The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.

Price vs Fair Value (5 years)

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range 28.45 TWD – 44.15 TWD · fair‑value band 6.98 TWD – 8.64 TWD · the 32.50 TWD price screens above the 7.64 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 3 fiscal years are left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Ocean Plastics Co Ltd (1321) currently trades at 32.50 TWD, while our model-based Fair Value estimate is 7.64 TWD, implying the stock looks roughly 325.4% overvalued today. The Quality Score stands at 40/100 (below-average quality), in the Basic Materials sector. Bull case: the Asset-Based group reads highest at a median of 17.28 TWD per share, and 0 of the 3 models we run sit above the 32.50 TWD price. Bear case: the Dividend Discount group reads lowest at 3.64 TWD, and 3 of the 3 models stay below the price. Evidence for this calculation is low.

Over the trailing twelve months, Ocean Plastics Co Ltd generated revenue of 3.5B TWD at a net margin of −5.6%. Revenue declined 11.1% year over year. It earns a return on equity of −3.3%. Net debt stands at 3.8B TWD. Fundamentals as of Aug 13, 2026

Our scenario range runs from 6.98 TWD (bear case) to 8.64 TWD (bull case); at 32.50 TWD, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 15% below its 52-week high and 16% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at −58% fair-value upside, at −76%, 1321 screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.

Widest divergence: Asset-Based (17.28 TWD) versus Dividend Discount (3.64 TWD). Highest evidence: Gordon GGM (69).

Key figures & financial health

Quality Score breakdown

About the company

Ocean Plastics Co., Ltd. manufactures and sells plastic products in Taiwan, India, the United States, Mainland China, Japan, and internationally.

Full company description

Ocean Plastics Co., Ltd. manufactures and sells plastic products in Taiwan, India, the United States, Mainland China, Japan, and internationally. The company offers DMF-free eco-friendly polyurethane (PU) products, including water-based PU leather, films/hyperfoam, bases, and resins; and solvent-free prepolymer polyurethane leather, films, and resins; PU synthetic leather, fiber processing, foamed PU films, adhesives for textile and other laminations, and printing pigments for use in footwear, ball and protective gear, furniture and home products, consumer electronics, bags, garments/textiles, and special applications. It also provides Ozeanwud board and decking, extrusion profiles, and embossed decking products for decking, landscape designs, fences, grillages, and cultural creative product applications; wood plastic composites for use in compounds, decking and railing series, accessories, roof tile fixed strips, and outdoor furniture applications; and PVC sheets for use in stationery, furniture, decoration, packaging, and special grade applications. In addition, the company offers PVC compound pellets and resins; and PVC construction materials, including PVC pipes, water feed, and drainage and sewerage materials. Ocean Plastics Co., Ltd. was founded in 1965 and is headquartered in Taipei, Taiwan.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Ocean Plastics Co Ltd reported revenue of 3.6B TWD in FY2025 versus 6.5B TWD in FY2021, a compound −13.7%/yr. Reported net income was −276M TWD in FY2025.

1321 screens 325% overvalued. Compare with Linde plc →

Peer Group

Specialty Chemicals · 695 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Valuation Multiples vs Specialty Chemicals median · lower = cheaper

Strength profile in five axes (Snowflake)

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

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