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Formosa Chemicals & Fibre Corporation (1326) Fair Value & Analysis

Basic Materials · TW · Market cap 387B TWD

FC Formosa Chemicals & Fibre Corporation 1326 · TW
Price58.90 TWD
Fair Value13.58 TWD
Upside-76.9%
Quality54/100
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Mixed Growth
Thin margins · 0.3% net margin
Low debt · generates free cash flow
0.87% dividend yield
Trails peers (5/13)
Narrow moat 20/100
Evidence: Medium Range 13.58 TWD – 17.06 TWD Share as image

Fair value as of: Jul 17, 2026

From 12 valuation models · updated 21 days ago

Fair value updated Jul 17, 2026, revised from 6.76 TWD to 13.58 TWD (+100.9%) since Jul 7, 2026. Share price −9.0% over the past month.

A solid business, but screening 77% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (17.06 TWD). The favourable scenario is already priced in.
  • Solid but not exceptional quality (54/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

85.70 TWD 22.15 TWD Fair Value 13.58 TWD Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 17, 2026.

How to read this chart

60‑month range 22.15 TWD – 85.70 TWD · fair‑value band 13.58 TWD – 17.06 TWD · the 58.90 TWD price screens above the 13.58 TWD fair value. Dashed = 300-day average. As of Jul 17, 2026.

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Analysis

Formosa Chemicals & Fibre Corporation (1326) currently trades at 58.90 TWD, while our model-based Fair Value estimate is 13.58 TWD, implying the stock looks roughly 76.9% overvalued today. We read business quality at 54/100 (solid quality), in the Basic Materials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).

Over the trailing twelve months, Formosa Chemicals & Fibre Corporation generated revenue of 290B TWD at a net margin of 0.3%. Revenue grew 3.6% year over year. It earns a return on equity of 0.3%. Net debt stands at 111B TWD. Fundamentals as of Jul 17, 2026

Our scenario range runs from 13.58 TWD (bear case) to 17.06 TWD (bull case); at 58.90 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 near its 52-week high and 171% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -46% fair-value upside, at -77%, 1326 screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted 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.

Model BearBaseBull Evidence
Highest evidence
Growth DCF 5.17 TWD 8.26 TWD 13.87 TWD 80
Rev-Margin DCF 3.73 TWD 6.94 TWD 10.95 TWD 74
Gordon GGM 2.00 TWD 2.55 TWD 3.13 TWD 70
All 12 models by family
DCF Models
FCF DCF 4.82 TWD 7.95 TWD 14.14 TWD 38
5Y Revenue Exit 3.73 TWD 6.80 TWD 11.25 TWD 39
5Y EBITDA Exit 3.81 TWD 6.93 TWD 11.06 TWD 41
10Y Revenue Exit 3.87 TWD 6.65 TWD 9.83 TWD 36
10Y EBITDA Exit 4.11 TWD 6.74 TWD 9.70 TWD 37
Dividend Discount
Gordon GGM 2.00 TWD 2.55 TWD 3.13 TWD 70
DDM Multi-Stage 2.00 TWD 2.75 TWD 3.70 TWD 61
Multiples
EV/EBITDA 4.27 TWD 6.79 TWD 9.31 TWD 54
EV/Revenue 3.63 TWD 6.61 TWD 9.58 TWD 43
Asset-Based
NCAV (Graham) 12.21 TWD 16.36 TWD 24.42 TWD 50
Growth DCF
Growth DCF 5.17 TWD 8.26 TWD 13.87 TWD 80
Rev-Margin DCF 3.73 TWD 6.94 TWD 10.95 TWD 74

Widest divergence: Asset-Based (16.36 TWD) versus Dividend Discount (2.55 TWD). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 290B TWD
Revenue growth (YoY) +3.6%
Net margin 0.3%
Return on equity 0.3%
Free cash flow 10.8B TWD FY2025
Operating margin 3.8%
More key figures
EPS (TTM) -0.9900 TWD
Dividend yield 0.9%
EPS growth (YoY) +8.0%
Net debt 111B TWD FY2025

Figures from reported company fundamentals · as of Jul 17, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 54/100

Of which business quality 46 · Market factors (momentum, volatility) 75

Profitability 13
Margins and returns on capital today
Quality Growth 23
Are margins and returns improving?
Cashflow 27
Earnings quality: real cash, not paper profit
Fin. Strength 63
Balance sheet, leverage, solvency risk
Investment 91
Disciplined investing over empire-building
Low Volatility 44
Calm price path (market factor)
Momentum 90
Price trend over the last 3–12 months (market factor)
52W Momentum 85
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Formosa Chemicals & Fibre Corporation produces and sells petrochemical products, nylon, and rayon fibers in Taiwan and internationally.

Full company description

Formosa Chemicals & Fibre Corporation produces and sells petrochemical products, nylon, and rayon fibers in Taiwan and internationally. The company offers plastic products, including PS resin, ABS resin, PP resin, PC resin, homopolymer PP, polycarbonate, PC/ABS alloy, PP composite materials, SAN andASA resin, and nylon resin; petrochemical, such as benzene, para-xylene, ortho-xylene, meta-xylene, styrene monomer, phenol, acetone, PTA, and PIA; fibers, includes nylon 6 chip, full drawn yarn, partially oriented yarn, highly oriented yarn, draw textured yarn, industrial yarn, n6 tire cord yarn, and n66 tire cord yarn; and textile, such as flame retardant yarn, mosaic yarn, compact yarn, slub yarn, recycle yarn, modal yarn, siro yarn, multi-blended, ring spun yarn, and fireproof cloth. Its products have applications in petrochemicals, household items, clothing accessories, agricultural and fishing equipment, building applications, 3C, and other applications. The company was founded in 1965 and is based in Taipei, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Formosa Chemicals & Fibre Corporation reported revenue of 287B TWD in FY2025 versus 366B TWD in FY2021, a compound −5.9%/yr. Reported net income was −5.8B TWD in FY2025.

Growth Quality 43/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
287B TWD
Latest YoY
−17.7%
Avg. growth/yr (3Y)
−8.9%
Avg. growth/yr (5Y)
+2.5%
Avg. growth/yr (23Y)
+5.3%
Revenue −5.9%/yr
FY21 366B TWD
FY22 380B TWD
FY23 333B TWD
FY24 349B TWD
FY25 287B TWD
Net income
FY21 38.4B TWD
FY22 7.4B TWD
FY23 8.5B TWD
FY24 379M TWD
FY25 −5.8B TWD

1326 screens 77% overvalued. Compare with BASF SE →

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Cite: Fair Value Calculator (2026). "Formosa Chemicals & Fibre Corporation Fair Value". https://www.fairvalue-calculator.com/stock/1326

Peer Group

Chemicals · 334 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.

Quality Score 54 · Above median
Fair Value upside −77% · Bottom 25%
Return on equity (TTM) 0% · Below median
Return on assets -0% · Below median
Net margin (TTM) 0% · Below median
Operating margin (TTM) 4% · Below median
Revenue growth 4% · Below median
Dividend yield (TTM) 0.9% · Below median
Debt / equity 0.19× · Higher than median

Valuation Multiples vs Chemicals median · lower = cheaper

P/S (TTM) 0.04× · Cheaper than 75% of peers
P/FCF 1.1× · Cheaper than median
EV/EBITDA 4.1× · Cheaper than 75% of peers
PEG 0.24× · Cheaper than 75% of peers

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 · sector 0
FUTURE 18 · sector 19
PAST 1 · sector 19
HEALTH 91 · sector 93
DIVIDEND 17 · sector 27

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.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Chemicals stocks, each showing price versus our Fair Value estimate (as of Jul 17, 2026).

Stock Price Fair Value vs Fair Value
BASF SE BASN 1,034 MXN 532.13 MXN -49%
Ningxia Baofeng Energy Group 600989 ¥20.32 ¥20.17 -1%
Zhejiang Juhua Co 600160 ¥42.85 ¥23.35 -46%
Rongsheng Petrochemical Co 002493 ¥10.95 ¥2.39 -78%
PT Barito Pacific Tbk, BRPT 1,690 IDR 1,628 IDR -4%
LG Chem, Ltd 051910 260,500 KRW 587,755 KRW +126%
PTT Global Chemical Public Company PTTGC 35.50 THB 18.21 THB -49%
542812 542812 ₹4,369 ₹791.05 -82%
Indorama Ventures Public Company IVL 24.50 THB 17.95 THB -27%
Navin Fluorine International Limited NAVINFLUOR ₹7,647 ₹2,200 -71%

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Frequently asked questions

Is Formosa Chemicals & Fibre Corporation (1326) overvalued or undervalued?
As of Jul 17, 2026, our model estimates a fair value of 13.58 TWD versus a price of 58.90 TWD, about −77% (overvalued).
What is the fair value of 1326?
Our model-based fair value for Formosa Chemicals & Fibre Corporation is 13.58 TWD (as of Jul 17, 2026), built from audited fundamentals. The current price is 58.90 TWD.
What is the quality score of 1326?
Formosa Chemicals & Fibre Corporation has a Quality Score of 54/100. It combines two groups: business quality (profitability, growth, cash flow, balance-sheet strength) and market factors (price momentum, distance to the 52-week high, volatility). Both subtotals are shown separately in the detail view.
What is the revenue of Formosa Chemicals & Fibre Corporation (1326)?
Formosa Chemicals & Fibre Corporation reported trailing-twelve-month revenue of about 290B TWD (latest available figure, as of Jul 17, 2026).
What is the net profit margin of 1326?
The net profit margin of Formosa Chemicals & Fibre Corporation is about 0.3%, meaning it keeps roughly 0.3% of revenue as net income. Based on the latest reported figures.
Does Formosa Chemicals & Fibre Corporation pay a dividend?
Formosa Chemicals & Fibre Corporation currently shows a dividend yield of about 0.87% relative to its recent price (as of Jul 17, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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