Valuation Formosan Rubber Group Inc.

Stocks

End-of-day quote Taiwan S.E. Other stock markets 22/06/2026			5-day change	1st Jan Change
25.75 ^TWD	+1.38%		-2.65%	+4.46%

12/05	Formosan Rubber Group Inc. Reports Earnings Results for the First Quarter Ended March 31, 2026	CI
10/03	Formosan Rubber Group Inc. Reports Earnings Results for the Full Year Ended December 31, 2025	CI

Data adjusted to current consolidation scope

Fiscal Period: December	2020	2021	2022	2023	2024	2025
Market Cap ¹	8,490	7,874	7,337	7,392	7,833	7,484
Change	-	-7.26%	-6.82%	0.76%	5.95%	-4.46%
Enterprise Value (EV) ¹	4,351	2,142	2,428	2,395	2,128	1,498
Change	-	-50.76%	13.35%	-1.36%	-11.17%	-29.57%
P/E	9.5x	10.1x	10.4x	15.2x	13.7x	14.8x
PBR	0.76x	0.66x	0.62x	0.6x	0.6x	0.56x
PEG	-	-0.8x	-1.31x	-0.5x	0.8x	-1.3x
Capitalization / Revenue	2.59x	2.82x	3.79x	5.44x	5.29x	5.18x
EV / Revenue	1.33x	0.77x	1.25x	1.76x	1.44x	1.04x
EV / EBITDA	4.75x	2.94x	5.16x	8.1x	6.17x	3.82x
EV / EBIT	5.37x	3.42x	6.53x	12x	8.59x	5.3x
EV / FCF	2.33x	1.6x	-4.56x	8.45x	5x	-20.8x
FCF Yield	42.8%	62.3%	-21.9%	11.8%	20%	-4.81%
Dividend per Share ²	1.667	1.333	1.333	1.3	1.4	1.4
Rate of return	6.05%	5.22%	5.52%	5.34%	5.43%	5.68%
EPS ²	2.9	2.522	2.322	1.6	1.889	1.67
Distribution rate	57.5%	52.9%	57.4%	81.3%	74.1%	83.8%
Net sales ¹	3,282	2,795	1,937	1,360	1,481	1,444
EBITDA ¹	917	729.9	470.5	295.7	345.1	392.7
EBIT ¹	810.6	627.2	371.6	199.9	247.7	282.9
Net income ¹	901.7	778	711.7	518.9	573.5	507.8
Net Debt ¹	-4,138	-5,731	-4,908	-4,997	-5,705	-5,985
Reference price ²	27.56	25.56	24.17	24.35	25.80	24.65
Nbr of stocks (in thousands)	3,08,094	3,08,094	3,03,594	3,03,593	3,03,593	3,03,593
Announcement Date	30/03/21	30/03/22	30/03/23	25/03/24	28/03/25	30/03/26

¹TWD in Million²TWD

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
FORMOSAN RUBBER GROUP INC.	-	-	-	-	24Cr
AIR LIQUIDE	26.44x	4.08x	13.19x	2.13%	12TCr
SABIC	53.35x	1.38x	8.53x	5.9%	4.32TCr
NAN YA PLASTICS CORPORATION	15.96x	3.88x	22.82x	3.15%	3.48TCr
WANHUA CHEMICAL GROUP CO., LTD.	11.66x	1.16x	6.5x	2.62%	3.19TCr
NINGXIA BAOFENG ENERGY GROUP CO., LTD.	10.01x	2.91x	7.21x	4.47%	2.31TCr
RESONAC HOLDINGS CORPORATION	35.52x	2.78x	15.76x	0.36%	2.07TCr
GANFENG LITHIUM GROUP CO., LTD.	20.69x	3.18x	12.16x	0.58%	1.99TCr
LYONDELLBASELL INDUSTRIES N.V.	5.98x	0.82x	5.06x	4.6%	1.94TCr
HENGLI PETROCHEMICAL CO.,LTD.	10.61x	0.92x	8.09x	3.73%	1.78TCr
Average	21.14x	2.34x	11.04x	3.06%	3.31TCr
Weighted average by Cap.	24.44x	2.85x	11.88x	2.97%