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Taiwanese maker of PVC, plastics, electronic materials (copper-clad laminate) and polyester fibers; part of Formosa Plastics Group.
Taiwanese maker of PVC, plastics, electronic materials (copper-clad laminate) and polyester fibers; part of Formosa Plastics Group.
Sells plastics and polyester at prices that follow the petrochemical cycle, but also makes materials for circuit boards, where AI servers need higher-grade, higher-priced laminates. It is one of the four main companies of the Formosa Plastics Group, built by Wang Yung-ching.
In one line: Taiwan's Dow/Westlake Chemical.
Moat: narrow (scale, cost advantage). Large integrated petrochemical scale within the Formosa Plastics Group; products are largely commodity.
Headquarters: Taipei, Taiwan · Founded: 1958
Size Nan Ya Plastic (1303.TW) is a Taiwan Materials company (Chemicals: Major Diversified) with a market value of $57.4B, the 7th largest of 687 Taiwan companies the cockpit tracks. Shares closed at NT$239.50 on 6 Nov 2026.
Performance Over six months the shares gained 154.8%, against -4.3% for the median peer and -3.4% for the Taiwan market (cap-weighted) — highest of 21 in its peer set.
Growth Revenue grew 5.7% over the last twelve months (peer median +3.7%); the operating margin is 6.2% (peer median 8.4%).
Valuation It trades at 11.5× forward earnings against a peer median of 15.3× (4th cheapest of 20).
Capital Return on invested capital runs 3.9 points below its cost of capital (6.2% WACC).
Next results Next results expected around 16 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | NT$281B | NT$260B | NT$260B | NT$260B | NT$355B |
| Revenue growth | — | 0% | 0% | -27% | — |
| Gross profit | NT$33.8B | NT$20.1B | NT$17.9B | NT$18.2B | NT$52.9B |
| EBITDA | NT$40.5B | NT$26.2B | NT$23.1B | NT$25.4B | NT$52.6B |
| Net income | NT$49.2B | NT$4.52B | NT$3.34B | NT$6.31B | NT$32.1B |
| Free cash flow | -NT$9.11B | -NT$2.68B | NT$6.15B | NT$11.7B | NT$44.1B |
| Capital expenditure | NT$19.7B | NT$12.5B | NT$18.7B | NT$28.7B | NT$43.4B |
| Total debt | NT$149B | NT$173B | NT$181B | NT$191B | NT$175B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Nan Ya Plastic 1303.TW | $57.4B | +155% | +6% | 6% | 11.5× | n/a |
| Formosa Plastics 1301.TW | $12.1B | +22% | -11% | -2% | 21.4× | n/a |
| Formosa Chemicals & Fibre 1326.TW | $11.1B | +21% | -5% | 1% | 21.0× | 26.2% |
| Westlake WLK | $8.11B | -32% | 0% | 1% | 38.6× | 37.4% |
| Lgchem 051910.KS | $12.6B | -42% | 0% | 0% | n/a | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 1303.TW | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -16.3% | -3.5% | 6th lowest of 21 |
| 6-month return | +154.8% | -4.3% | highest of 21 |
| Distance from 52-week high | -31.7% | -24.0% | 9th lowest of 21 |
| Revenue growth (TTM) | +5.7% | +3.7% | 9th highest of 21 |
| Operating margin | 6.2% | 8.4% | 8th lowest of 21 |
| Forward P/E | 11.5× | 15.3× | 4th cheapest of 20 |
| ROIC minus cost of capital | -3.9 pp | -1.8 pp | 7th lowest of 21 |
| EV / EBITDA | 49.4× | 8.3× | most expensive of 13 |
| Net debt / EBITDA | 2.0× | 1.8× | 7th most indebted of 14 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Nan Ya Plastic 1303.TW | Taiwan | $57.4B | +155% | +6% | 6% | 11.5× | n/a | n/a |
| Sika SIKA.SW | Switzerland | $36.4B | +32% | -4% | 14% | 24.9× | 10.7% | +7.3% |
| DuPont DD | United States | $19.4B | -1% | -43% | 14% | 18.3× | 14.7% | -13.7% |
| Evonik Industries EVK.DE | Germany | $11.0B | +19% | +2% | 10% | 12.0× | -6.2% | +2.9% |
| Sasol Limited Sponsored ADR SSL | United States | $10.3B | +14% | +18% | 22% | 4.8× | n/a | n/a |
| Peric Special Gases 688146.SS | China | $9.58B | +102% | +75% | 19% | 67.1× | 50.8% | +13.1% |
| Solstice Advanced Materials SOLS | United States | $9.22B | -26% | +3% | 17% | 17.8× | 0.3% | +2.7% |
| Mitsubishi Chemical 4188.T | Japan | $8.65B | +10% | -8% | 8% | 8.9× | -0.5% | +2.6% |
| Element Solutions ESI | United States | $7.61B | -29% | +40% | 14% | 15.0× | 16.6% | +6.6% |
| Ecopro 086520.KS | South Korea | $6.55B | -57% | +11% | 9% | 31.5× | n/a | n/a |
| Tokyo Ohka Kogyo 4186.T | Japan | $5.03B | -30% | +22% | 21% | 17.8× | 19.9% | +15.1% |
| Arkema AKE.PA | France | $4.96B | -9% | -6% | 5% | 13.7× | 12.5% | +2.8% |
| Kingfa Sci. & Tech 600143.SS | China | $4.96B | -28% | -1% | 3% | 24.6× | -1.2% | +13.3% |
| Perimeter Solutions PRM | United States | $4.83B | -7% | +24% | -51% | 18.3× | 36.6% | +14.0% |
| Wacker Chemie WCH.DE | Germany | $4.42B | -24% | -5% | -1% | 33.0× | n/a | n/a |
| Hubei Xingfa Chemicals 600141.SS | China | $4.19B | -27% | +4% | 8% | 15.3× | n/a | n/a |
| Avient AVNT | United States | $4.17B | +23% | +5% | 11% | 13.0× | 9.9% | +0.1% |
| Mitsui Chemicals 4183.T | Japan | $4.08B | -9% | -3% | 6% | 10.7× | 1.9% | +6.6% |
| Johnson Matthey JMAT.L | United Kingdom | $4.01B | +14% | +8% | 3% | 13.3× | 9.6% | -4.0% |
| Kuraray 3405.T | Japan | $3.52B | +14% | +3% | 7% | 15.0× | -0.2% | +8.3% |
| Grandit 688549.SS | China | $2.89B | +36% | +40% | -1% | n/a | n/a | n/a |