Formosan Rubber Group Inc. Logo

Formosan Rubber Group Inc.

2107.TW

(2.8)
Stock Price

25,55 TWD

3.52% ROA

4.39% ROE

13.98x PER

Market Cap.

7.817.519.750,00 TWD

11.42% DER

5.05% Yield

41.58% NPM

Formosan Rubber Group Inc. Stock Analysis

Formosan Rubber Group Inc. Fundamental Analysis

Fundamental analysis in stock investing is like studying the foundation of a house before buying it. It involves looking at a company's financial health, like its earnings, assets, and debts, to determine if it's a good investment based on its fundamental strength and potential for growth.

Formosan Rubber Group Inc. Fundamental Stock Analysis
# Analysis Rating
1 PBV

The stock's low PBV ratio (0.66x) suggests it's undervalued, making it an attractive opportunity for investors.

2 DER

The stock has a minimal amount of debt (14%) relative to its ownership, showcasing a strong financial position and lower risk for investors.

3 Dividend

With a solid track record of dividend payments over the past five years, the company has established itself as a dependable choice for investors seeking consistent income.

4 ROE

ROE in an average range (5.31%) suggests satisfactory profitability and decent utilization of shareholders' equity.

5 ROA

The stock's ROA (9.63%) shows that it's doing a pretty good job at making money from its assets, making it a solid choice to invest and earn steady profits.

6 Assets Growth

Over the past three years, this company's revenue has consistently grown, demonstrating a positive financial trend that makes it an appealing choice.

7 Graham Number

The Graham number analysis indicates that this company's stock price is likely undervalued, raising prospects for a favorable investment opportunity.

8 Buffet Intrinsic Value

Warren Buffett's formula suggests that the company's stock is undervalued (72), making it an appealing investment prospect with its intrinsic value surpassing the current market price.

9 Revenue Growth

Company's revenue has remained stagnant over the past three years, indicating a lack of growth and making it a less favorable option.

10 Net Profit Growth

This company's net profit has remained stagnant over the past five years, indicating a lack of growth and making it a less favorable investment option.

11 Dividend Growth

Potential investors should be aware that the company's dividend growth has shown no upward trend in the past three years, indicating limited potential for increased returns.

Formosan Rubber Group Inc. Technical Analysis

Technical analysis in stock investing is like reading the patterns on a weather map to predict future weather conditions. It involves studying past stock price movements and trading volumes to make predictions about where a stock's price might go next, without necessarily looking at the company's financial health.

Formosan Rubber Group Inc. Technical Stock Analysis
# Analysis Recommendation
1 Awesome Oscillator Buy
2 MACD Sell
3 RSI Sell
4 Stoch RSI Buy

Formosan Rubber Group Inc. Price Chart

Financial Statements

Financial statements are like report cards for companies. They show how much money a company makes (income statement), what it owns and owes (balance sheet), and where it spends its money (cash flow statement), helping stock investors understand if a company is healthy and worth investing in.

Income Statements

An income statement for a company is like a scoreboard for its profits and losses. It shows how much money the company made (revenue) and how much it spent to make that money (expenses), helping stock investors see if a company is making a profit or not.

Revenue in stock investing is the total amount of money a company earns from its sales, and it's a key factor that investors consider to assess a company's financial performance and growth potential.

Formosan Rubber Group Inc. Revenue
Year Revenue Growth
2006 1.229.231.000
2007 2.127.265.000 42.22%
2008 2.915.185.000 27.03%
2009 3.356.574.000 13.15%
2010 4.387.398.000 23.5%
2011 3.656.984.000 -19.97%
2012 3.423.409.000 -6.82%
2013 4.120.132.000 16.91%
2014 5.543.681.000 25.68%
2015 2.290.940.000 -141.98%
2016 1.708.188.000 -34.12%
2017 1.726.834.000 1.08%
2018 1.373.818.000 -25.7%
2019 2.701.777.000 49.15%
2020 3.282.255.000 17.69%
2021 2.794.884.000 -17.44%
2022 1.937.243.000 -44.27%
2023 1.187.840.000 -63.09%
2023 1.359.718.000 12.64%
2024 1.885.196.000 27.87%

Research and Development Expenses are the costs a company incurs to create and improve its products or services, which can be important for investors to evaluate a company's innovation and potential for future growth.

Formosan Rubber Group Inc. Research and Development Expenses
Year Research and Development Expenses Growth
2006 13.428.000
2007 18.701.000 28.2%
2008 16.644.000 -12.36%
2009 15.039.000 -10.67%
2010 14.675.000 -2.48%
2011 14.173.000 -3.54%
2012 15.994.000 11.39%
2013 16.319.000 1.99%
2014 17.366.000 6.03%
2015 17.342.000 -0.14%
2016 14.383.000 -20.57%
2017 14.047.000 -2.39%
2018 13.056.000 -7.59%
2019 13.097.000 0.31%
2020 9.917.000 -32.07%
2021 10.467.000 5.25%
2022 9.634.000 -8.65%
2023 9.628.000 -0.06%
2023 9.270.000 -3.86%
2024 9.452.000 1.93%

General and Administrative Expenses are the costs a company incurs to run its day-to-day operations, such as office rent, salaries, and utilities, which investors consider to understand a company's overall efficiency and management effectiveness.

Formosan Rubber Group Inc. General and Administrative Expenses
Year General and Administrative Expenses Growth
2006 132.130.000
2007 244.953.000 46.06%
2008 152.294.000 -60.84%
2009 156.083.000 2.43%
2010 188.117.000 17.03%
2011 198.140.000 5.06%
2012 217.427.000 8.87%
2013 193.157.000 -12.56%
2014 220.849.000 12.54%
2015 153.352.000 -44.01%
2016 149.684.000 -2.45%
2017 139.779.000 -7.09%
2018 130.767.000 -6.89%
2019 133.580.000 2.11%
2020 145.717.000 8.33%
2021 145.218.000 -0.34%
2022 179.392.000 19.05%
2023 169.940.000 -5.56%
2023 164.158.000 -3.52%
2024 150.364.000 -9.17%

EBITDA stands for Earnings Before Interest, Taxes, Depreciation, and Amortization. It is a measure that helps stock investors analyze a company's profitability by looking at its earnings without considering certain expenses. This helps to get a clearer picture of the company's financial performance and its ability to generate cash flow.

Formosan Rubber Group Inc. EBITDA
Year EBITDA Growth
2006 205.371.000
2007 515.364.000 60.15%
2008 1.028.104.000 49.87%
2009 1.305.489.000 21.25%
2010 1.831.878.000 28.73%
2011 1.414.210.000 -29.53%
2012 1.536.876.000 7.98%
2013 2.207.114.000 30.37%
2014 3.609.256.000 38.85%
2015 1.138.431.000 -217.04%
2016 520.434.000 -118.75%
2017 324.153.000 -60.55%
2018 394.986.000 17.93%
2019 694.409.000 43.12%
2020 1.050.773.000 33.91%
2021 934.835.000 -12.4%
2022 942.698.000 0.83%
2023 1.076.900.000 12.46%
2023 721.097.000 -49.34%
2024 420.692.000 -71.41%

Gross profit is the money a company makes from selling its products or services after subtracting the cost of producing or providing them, and it is an important measure for investors to understand a company's profitability.

Formosan Rubber Group Inc. Gross Profit
Year Gross Profit Growth
2006 223.197.000
2007 745.977.000 70.08%
2008 1.272.502.000 41.38%
2009 1.541.960.000 17.48%
2010 2.115.484.000 27.11%
2011 1.648.452.000 -28.33%
2012 1.779.224.000 7.35%
2013 2.385.655.000 25.42%
2014 3.701.949.000 35.56%
2015 1.055.722.000 -250.66%
2016 526.703.000 -100.44%
2017 538.798.000 2.24%
2018 330.480.000 -63.03%
2019 661.688.000 50.06%
2020 1.062.287.000 37.71%
2021 883.664.000 -20.21%
2022 625.209.000 -41.34%
2023 367.096.000 -70.31%
2023 420.611.000 12.72%
2024 534.820.000 21.35%

Net income in stock investing is like the money a company actually gets to keep as profit after paying all its bills, and it's an important measure to understand how well a company is doing financially.

Formosan Rubber Group Inc. Net Profit
Year Net Profit Growth
2006 212.667.000
2007 250.414.000 15.07%
2008 916.097.000 72.67%
2009 1.119.734.000 18.19%
2010 1.727.682.000 35.19%
2011 1.218.757.000 -41.76%
2012 1.347.099.000 9.53%
2013 1.926.466.000 30.07%
2014 3.268.779.000 41.06%
2015 789.825.000 -313.86%
2016 327.110.000 -141.46%
2017 189.240.000 -72.85%
2018 215.802.000 12.31%
2019 538.957.000 59.96%
2020 901.716.000 40.23%
2021 777.956.000 -15.91%
2022 711.684.000 -9.31%
2023 828.896.000 14.14%
2023 518.877.000 -59.75%
2024 950.620.000 45.42%

EPS, or earnings per share, is a measure that shows how much profit a company has earned for each outstanding share of its stock, and it is important for stock investors as it helps understand the profitability of a company and compare it with other companies in the market.

Formosan Rubber Group Inc. Earning per Share (EPS)
Year Earning per Share (EPS) Growth
2006 0
2007 1 0%
2008 2 100%
2009 2 50%
2010 4 33.33%
2011 3 -50%
2012 3 0%
2013 4 50%
2014 7 42.86%
2015 2 -600%
2016 1 0%
2017 0 0%
2018 1 0%
2019 2 100%
2020 3 50%
2021 3 0%
2022 2 0%
2023 3 0%
2023 2 -100%
2024 3 66.67%

Cashflow Statements

Cashflow statements show the movement of money in and out of a company, helping stock investors understand how much money a company makes and spends. By examining cashflow statements, investors can assess if a company is generating enough cash to pay its bills, invest in growth, and provide returns to stockholders.

Free cash flow is the leftover cash that a company generates after covering its operating expenses and capital expenditures, which is important for stock investors as it shows how much money a company has available to invest in growth, pay dividends, or reduce debt.

Formosan Rubber Group Inc. Free Cashflow
Year Free Cashflow Growth
2006 -227.386.000
2007 857.745.000 126.51%
2008 -280.538.000 405.75%
2009 -1.045.851.000 73.18%
2010 -731.519.000 -42.97%
2011 5.644.570.000 112.96%
2012 -693.033.000 914.47%
2013 2.848.500.000 124.33%
2014 3.092.500.000 7.89%
2015 -1.103.150.000 380.33%
2016 202.307.000 645.29%
2017 334.421.000 39.51%
2018 312.075.000 -7.16%
2019 1.770.558.000 82.37%
2020 2.065.487.000 14.28%
2021 1.717.687.000 -20.25%
2022 -48.629.000 3632.23%
2023 367.623.000 113.23%
2023 645.468.000 43.05%
2024 293.226.000 -120.13%

Operating cash flow represents the cash generated or consumed by a company's day-to-day operations, excluding external investing or financing activities, and is crucial for stock investors as it shows how much cash a company is generating from its core business operations.

Formosan Rubber Group Inc. Operating Cashflow
Year Operating Cashflow Growth
2006 -195.644.000
2007 877.699.000 122.29%
2008 -261.591.000 435.52%
2009 -1.025.399.000 74.49%
2010 -700.420.000 -46.4%
2011 5.672.492.000 112.35%
2012 -649.931.000 972.78%
2013 2.885.984.000 122.52%
2014 3.150.029.000 8.38%
2015 -1.080.040.000 391.66%
2016 247.377.000 536.6%
2017 444.981.000 44.41%
2018 424.770.000 -4.76%
2019 1.783.085.000 76.18%
2020 2.073.605.000 14.01%
2021 1.725.484.000 -20.18%
2022 -21.411.000 8158.87%
2023 379.156.000 105.65%
2023 682.692.000 44.46%
2024 310.064.000 -120.18%

Capex, short for capital expenditures, refers to the money a company spends on acquiring or upgrading tangible assets like buildings, equipment, or technology, which is important for stock investors as it indicates how much a company is investing in its infrastructure to support future growth and profitability.

Formosan Rubber Group Inc. Capital Expenditure
Year Capital Expenditure Growth
2006 31.742.000
2007 19.954.000 -59.08%
2008 18.947.000 -5.31%
2009 20.452.000 7.36%
2010 31.099.000 34.24%
2011 27.922.000 -11.38%
2012 43.102.000 35.22%
2013 37.484.000 -14.99%
2014 57.529.000 34.84%
2015 23.110.000 -148.94%
2016 45.070.000 48.72%
2017 110.560.000 59.23%
2018 112.695.000 1.89%
2019 12.527.000 -799.62%
2020 8.118.000 -54.31%
2021 7.797.000 -4.12%
2022 27.218.000 71.35%
2023 11.533.000 -136%
2023 37.224.000 69.02%
2024 16.838.000 -121.07%

Balance Sheet

Balance sheets provide a snapshot of a company's financial health and its assets (such as cash, inventory, and property) and liabilities (like debts and obligations) at a specific point in time. For stock investors, balance sheets help assess the company's overall worth and evaluate its ability to meet financial obligations and support future growth.

Equity refers to the ownership interest or stake that shareholders have in a company, representing their claim on its assets and earnings after all debts and liabilities are paid.

Formosan Rubber Group Inc. Equity
Year Equity Growth
2006 7.377.287.000
2007 7.352.391.000 -0.34%
2008 7.210.491.000 -1.97%
2009 8.564.094.000 15.81%
2010 9.632.749.000 11.09%
2011 8.920.877.000 -7.98%
2012 9.689.112.000 7.93%
2013 10.695.126.000 9.41%
2014 12.933.745.000 17.31%
2015 11.966.748.000 -8.08%
2016 11.182.133.000 -7.02%
2017 10.836.838.000 -3.19%
2018 10.358.922.000 -4.61%
2019 10.805.622.000 4.13%
2020 11.182.259.000 3.37%
2021 11.937.826.000 6.33%
2022 11.862.585.000 -0.63%
2023 12.402.272.000 4.35%
2023 12.053.558.000 -2.89%
2024 13.511.544.000 10.79%

Assets represent the valuable resources that a company owns, such as cash, inventory, property, and equipment, and understanding a company's assets helps investors assess its value and potential for generating future profits.

Formosan Rubber Group Inc. Assets
Year Assets Growth
2006 8.700.146.000
2007 9.490.708.000 8.33%
2008 9.955.108.000 4.66%
2009 13.441.680.000 25.94%
2010 16.830.400.000 20.13%
2011 10.598.272.000 -58.8%
2012 12.003.549.000 11.71%
2013 12.821.982.000 6.38%
2014 14.132.093.000 9.27%
2015 15.129.632.000 6.59%
2016 14.392.088.000 -5.12%
2017 14.872.533.000 3.23%
2018 14.124.090.000 -5.3%
2019 12.979.434.000 -8.82%
2020 12.257.115.000 -5.89%
2021 13.115.402.000 6.54%
2022 13.759.205.000 4.68%
2023 14.284.834.000 3.68%
2023 14.112.581.000 -1.22%
2024 15.904.342.000 11.27%

Liabilities refer to the financial obligations or debts that a company owes to creditors or external parties, and understanding a company's liabilities is important for investors as it helps assess the company's financial risk and ability to meet its obligations.

Formosan Rubber Group Inc. Liabilities
Year Liabilities Growth
2006 1.322.859.000
2007 2.138.317.000 38.14%
2008 2.744.617.000 22.09%
2009 4.877.586.000 43.73%
2010 7.197.651.000 32.23%
2011 1.677.395.000 -329.1%
2012 2.314.437.000 27.52%
2013 2.126.856.000 -8.82%
2014 1.198.348.000 -77.48%
2015 3.162.884.000 62.11%
2016 3.209.955.000 1.47%
2017 4.035.695.000 20.46%
2018 3.765.168.000 -7.18%
2019 2.173.812.000 -73.21%
2020 1.074.856.000 -102.24%
2021 1.177.576.000 8.72%
2022 1.896.620.000 37.91%
2023 1.882.562.000 -0.75%
2023 2.059.023.000 8.57%
2024 2.392.798.000 13.95%

Formosan Rubber Group Inc. Financial Ratio (TTM)

Valuation Metrics

Revenue per Share
4.43
Net Income per Share
1.84
Price to Earning Ratio
13.98x
Price To Sales Ratio
5.81x
POCF Ratio
10.46
PFCF Ratio
11.36
Price to Book Ratio
0.58
EV to Sales
6.16
EV Over EBITDA
14.89
EV to Operating CashFlow
11.08
EV to FreeCashFlow
12.03
Earnings Yield
0.07
FreeCashFlow Yield
0.09
Market Cap
7,82 Bil.
Enterprise Value
8,28 Bil.
Graham Number
42.94
Graham NetNet
23.43

Income Statement Metrics

Net Income per Share
1.84
Income Quality
1.26
ROE
0.04
Return On Assets
0.04
Return On Capital Employed
0.03
Net Income per EBT
0.91
EBT Per Ebit
1.58
Ebit per Revenue
0.29
Effective Tax Rate
0.11

Margins

Sales, General, & Administrative to Revenue
0.13
Research & Developement to Revenue
0.01
Stock Based Compensation to Revenue
0
Gross Profit Margin
0.3
Operating Profit Margin
0.29
Pretax Profit Margin
0.46
Net Profit Margin
0.42

Dividends

Dividend Yield
0.05
Dividend Yield %
5.05
Payout Ratio
0.72
Dividend Per Share
1.3

Operating Metrics

Operating Cashflow per Share
2.46
Free CashFlow per Share
2.27
Capex to Operating CashFlow
0.08
Capex to Revenue
0.04
Capex to Depreciation
0.58
Return on Invested Capital
0.02
Return on Tangible Assets
0.04
Days Sales Outstanding
66.43
Days Payables Outstanding
11.54
Days of Inventory on Hand
1108
Receivables Turnover
5.49
Payables Turnover
31.63
Inventory Turnover
0.33
Capex per Share
0.2

Balance Sheet

Cash per Share
26,03
Book Value per Share
44,51
Tangible Book Value per Share
44.51
Shareholders Equity per Share
44.51
Interest Debt per Share
5.16
Debt to Equity
0.11
Debt to Assets
0.1
Net Debt to EBITDA
0.83
Current Ratio
5.17
Tangible Asset Value
13,51 Bil.
Net Current Asset Value
8,63 Bil.
Invested Capital
9684669001
Working Capital
8,90 Bil.
Intangibles to Total Assets
0
Average Receivables
0,30 Bil.
Average Payables
0,04 Bil.
Average Inventory
2901827500
Debt to Market Cap
0.2

Dividends

Dividends in stock investing are like rewards that companies give to their shareholders. They are a portion of the company's profits distributed to investors, typically in the form of cash payments, as a way for them to share in the company's success.

Formosan Rubber Group Inc. Dividends
Year Dividends Growth
2005 0
2007 0 0%
2008 0 0%
2009 1 0%
2010 1 100%
2011 3 50%
2012 2 -100%
2013 2 50%
2014 2 0%
2015 3 33.33%
2016 1 0%
2017 1 0%
2018 1 0%
2019 1 0%
2020 1 0%
2021 2 100%
2022 1 0%
2023 2 50%
2024 1 -100%

Formosan Rubber Group Inc. Profile

About Formosan Rubber Group Inc.

Formosan Rubber Group Inc., together with its subsidiaries, produces and markets rubber and plastic sheets, plastic foam and PVC resin sheets, and related materials. The company offers rubber, silicone rubber, laminated, PU lamination, PU coating, green plastic, and PVC products. Its products are used in various applications, including functional garments and fabrics, healthcare, industrial and safety products, inflatable products, and optical electronic materials, as well as for use in shoes, and bags and luggage products. The company is also involved in the development of residential and commercial buildings for renting and selling; real estate investment and rental, as well as sale of premises; and warehouse, logistics, and rental and leasing businesses. It has operations in Taiwan, rest of Asia, the United States, Canada, and internationally. Formosan Rubber Group Inc. was founded in 1952 and is headquartered in Taipei, Taiwan.

CEO
Mr. Cheng Tsai Hsu
Employee
195
Address
No. 82, Hankou Street
Taipei,

Formosan Rubber Group Inc. Executives & BODs

Formosan Rubber Group Inc. Executives & BODs
# Name Age
1 Mr. Zhen-Ji Hsu
President & Director
70
2 Mr. Ming-De Shi
Head of Accounting & Head of Corporate Governance
70
3 Mr. Cheng Tsai Hsu
Chief Strategy Officer & Chairman
70
4 Mr. Zhen-Xin Hsu
Special Assistant & Representative Director
70

Formosan Rubber Group Inc. Competitors