- Formosa Petro’s first quarter net income came in at NT$5.03 billion, underperforming the estimate of NT$5.94 billion.
- The company’s earnings per share (EPS) was NT$0.53, lower than the estimated NT$0.64.
- However, it managed to exceed revenue expectations, with NT$171.20 billion versus an estimated NT$170.75 billion.
- Operating profit for the same period was significantly lower than anticipated – at NT$3.21 billion, compared to expectations of NT$5.88 billion.
- In terms of investment ratings, Formosa Petro received three buys, eight holds and one sell.
A look at Formosa Petrochemical Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 2 | |
| Growth | 5 | |
| Resilience | 4 | |
| Momentum | 2 | |
| OVERALL SMART SCORE | 3.2 |
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 Petrochemical Corp. is positioned to thrive in the long term, as indicated by its Smartkarma Smart Scores. With a strong Growth score of 5, the company is expected to expand and increase its market presence in the future. Additionally, Formosa Petrochemical demonstrates Resilience with a score of 4, indicating its ability to withstand market fluctuations and maintain stability. These factors point towards a promising outlook for the company in the years to come.
Although Formosa Petrochemical has room for improvement in certain areas such as Dividend and Momentum, with scores of 2 for both, its Value score of 3 suggests that there is potential for value investors. Overall, with a mix of solid growth prospects and resilience in the face of challenges, Formosa Petrochemical is well-positioned for long-term success in the refining and petrochemical 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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