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Asia Polymer Corporation (1308.TW)

TWD14.95 +0.40 (+2.75%)
TW TAI Basic Materials Chemicals - Specialty
Address No. 3, Industrial 1st Road
Kaohsiung, TW
CEO Pei-Chi Wu
Website apc.com.tw
IPO 2000-01-04
ISIN TW0001308005

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Description

Asia Polymer Corporation is a Taiwan-based company specializing in the design, development, manufacturing, and global distribution of key petrochemical products: low-density polyethylene (LDPE) and ethylene vinyl acetate copolymer (EVA). Their LDPE resin portfolio encompasses various grades, including those tailored for films (such as medium-duty, frozen food packaging, high-clarity, general purpose, thin-gauge, liner bags, heavy-duty, agriculture, and construction applications), injection molding, and laminating processes. Additionally, they produce specialized LDPE types for low crystallization point, microfiber, and foaming applications. These versatile resins find extensive utility in extruded tubes, foam nets, injection moldings, powder coatings, protection films, laminations, extrusion coatings, and wire insulation. Similarly, their EVA resin offerings span film, foaming, laminating film, electric cable, and photovoltaic grades. These versatile EVA products are employed in extrusion castings and coatings, various foaming applications (including sports goods and shoe soles), injection molded products, wires and cables, PV films, and hot melt adhesives. Beyond its core LDPE and EVA lines, Asia Polymer Corporation is also engaged in the manufacturing and sale of degradable plastic materials and medium-density polyethylene (MDPE). The company further diversifies its operations through the sale of high-density polyethylene (HDPE) and linear low-density polyethylene (LLDPE), the wholesale of machinery, trading in plastic raw materials, and the production and sale of various petrochemical and chemical products and related equipment. Established in 1977, the company maintains its headquarters in Kaohsiung, Taiwan, and operates as a subsidiary of Usi Corporation.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
TWD14.95 +0.40 (+2.75%)
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Volume Profile
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Liquidity & share structure
Average Volume
7M
Beta
-0.26
Float Shares
351.96M
Free Float %
59.3%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-1.47% +0.00% -18.73% -2.54% +3.86% +2.28% +5.91% -48.17% -50.73% -6.40% +0.90%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
14.95
DCF (Unlevered) 27.81 +86.0%
DCF (Levered) 44.19 +195.6%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 0% Bullish
Rating 2026-05 Change
Strong Buy 0 0
Buy 0 0
Hold 1 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
4.22
Safe zone
Piotroski F-Score
3 / 9
Average
MOAT Score
1 / 10
No MOAT
Composite Rating
C
Overall Score
2 / 5
Medium
DCF Score
5 / 5
High
ROE Score
1 / 5
Low
ROA Score
1 / 5
Low
D/E Score
1 / 5
Low
P/E Score
1 / 5
Low
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers
  • Revenue growth Chemicals - Specialty: +4.7%
    -4.8% Q1'26: -15.2% (vs Q1'25)
  • EPS growth Chemicals - Specialty: +13.2%
    -39.7% Q1'26: +50.0% (vs Q1'25)
  • FCF margin FCF growth · Chemicals - Specialty: +44.1%
    -1.5% Q1'26: +2.0% (vs Q1'25)
  • EBIT margin Chemicals - Specialty: +8.8%
    +0.1% Q1'26: +1.0% (vs Q1'25)
  • ROIC Chemicals - Specialty: +5.6%
    +0.0% Q1'26: +0.6% (vs Q1'25)
  • Share dilution Chemicals - Specialty: +0.1%
    -0.1% Q1'26: +1.3% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Chemicals - Specialty: 0.18×
    2.56× Q1'26: 16.04× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (-0.21) × ERP
WACC = 90% × Ke + 10% × Kd (4.0%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 28.44 Current price: 14.95
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2015
actual
Dec 2016
actual
Dec 2017
actual
Dec 2018
actual
Dec 2019
actual
Dec 2020
actual
Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
1 Rev. Ana.
1 EPS Ana.
Dec 2027
1 Rev. Ana.
Revenue
5.05B
est: 4.98B (+1.4%)
5.89B
est: 6.18B (-4.7%)
6.40B
est: 6.35B (+0.9%)
6.38B
est: 6.27B (+1.7%)
6.79B
est: 6.79B (+0.1%)
5.70B
est: 5.65B (+0.9%)
9.57B
est: 9.42B (+1.5%)
9.82B
est: 9.61B (+2.1%)
6.72B
est: 6.54B (+2.6%)
6.03B
est: 5.96B (+1.2%)
5.74B
est: 5.69B (+0.9%)
5.56B
5.56B – 5.56B
-2.2% YoY
5.51B
5.51B – 5.51B
-1.0% YoY
EBITDA
724.05M
est: 1.16B (-37.7%)
894.14M
est: 1.44B (-38.0%)
879.69M
est: 1.48B (-40.6%)
549.49M
est: 1.46B (-62.5%)
1.28B
est: 1.58B (-19.1%)
1.51B
est: 1.32B (+14.3%)
4.00B
est: 2.20B (+81.9%)
3.59B
est: 2.24B (+60.2%)
1.43B
est: 1.26B (+13.5%)
-569.04M
est: 1.15B (-149.6%)
339.21M
est: 1.10B (-69.0%)
1.07B
1.07B – 1.07B
-2.2% YoY
1.06B
1.06B – 1.06B
-1.0% YoY
EBIT
411.70M
est: 945.38M (-56.5%)
567.67M
est: 1.17B (-51.7%)
470.89M
est: 1.21B (-60.9%)
261.87M
est: 1.19B (-78.0%)
798.41M
est: 1.29B (-38.1%)
922.30M
est: 1.07B (-14.1%)
3.32B
est: 1.79B (+85.5%)
2.95B
est: 1.83B (+61.4%)
1.12B
est: 967.91M (+15.7%)
-907.89M
est: 881.28M (-203.0%)
3.07M
est: 841.79M (-99.6%)
822.86M
822.86M – 822.86M
-2.2% YoY
814.58M
814.58M – 814.58M
-1.0% YoY
Net Income
531.56M
est: 539.19M (-1.4%)
665.83M
est: 593.57M (+12.2%)
565.35M
est: 601.01M (-5.9%)
286.83M
est: 321.54M (-10.8%)
821.02M
est: 576.56M (+42.4%)
1.10B
est: 828.53M (+33.2%)
3.10B
est: 3.13B (-1.1%)
1.45B
est: 1.60B (-9.3%)
116.28M
est: -246.44M (+147.2%)
-750.50M
est: -593.47M (-26.5%)
-1.04B
est: -682.49M (-53.0%)
-783.38M
-783.38M – -783.38M
-14.8% YoY
— – —
+100.0% YoY
SGA
181.91M
est: 163.47M (+11.3%)
205.61M
est: 203.05M (+1.3%)
219.96M
est: 208.41M (+5.5%)
207.45M
est: 205.97M (+0.7%)
231.92M
est: 222.87M (+4.1%)
201.43M
est: 185.61M (+8.5%)
272.26M
est: 309.48M (-12.0%)
279.50M
est: 315.73M (-11.5%)
215.81M
est: 224.87M (-4.0%)
240.33M
est: 204.74M (+17.4%)
246.26M
est: 195.57M (+25.9%)
191.17M
191.17M – 191.17M
-2.2% YoY
189.24M
189.24M – 189.24M
-1.0% YoY
EPS
0.90
est: 0.91 (-0.9%)
1.13
est: 1.00 (+13.0%)
0.95
est: 1.01 (-6.1%)
0.48
est: 0.54 (-11.4%)
1.38
est: 0.97 (+42.1%)
1.86
est: 1.40 (+33.3%)
5.22
est: 5.28 (-1.1%)
2.44
est: 2.69 (-9.2%)
0.20
est: -0.42 (+148.2%)
-1.26
est: -1.00 (-26.0%)
-1.76
est: -1.15 (-53.0%)
-1.32
-1.32 – -1.32
-14.8% YoY
— – —
+100.0% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-06 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-05-05 B- 2/5 5/5 1/5 1/5 2/5 1/5 4/5
2026-05-04 B- 2/5 5/5 1/5 1/5 2/5 1/5 4/5
2026-04-30 B- 2/5 5/5 1/5 1/5 2/5 1/5 4/5
2026-04-29 B- 2/5 5/5 1/5 1/5 2/5 1/5 4/5
2026-04-28 B- 2/5 5/5 1/5 1/5 2/5 1/5 4/5
2026-04-27 B- 2/5 5/5 1/5 1/5 2/5 1/5 4/5
2026-04-24 C+ 2/5 5/5 1/5 1/5 1/5 1/5 4/5
2026-04-23 C+ 2/5 5/5 1/5 1/5 1/5 1/5 4/5
2026-04-22 C+ 2/5 5/5 1/5 1/5 1/5 1/5 4/5
2026-04-21 C+ 2/5 5/5 1/5 1/5 1/5 1/5 4/5
2026-04-20 C+ 2/5 5/5 1/5 1/5 1/5 1/5 4/5
2026-04-17 C+ 2/5 5/5 1/5 1/5 1/5 1/5 4/5
2026-04-16 C+ 2/5 5/5 1/5 1/5 1/5 1/5 4/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
-193.08M
OE per share TTM
-0.32
Owner's Yield
-2.34%
Maintenance CapEx ratio
Maint CapEx / Avg PPE
47.3%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 24 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 State Street SPDR S&P Emerging Markets Small Cap ETF EWX 0.02% 139.6K 0.65%
2 Avantis Emerging Markets Small Cap Equity ETF AVEE 0.02% 18.2K 0.42%
3 Dimensional - Emerging Markets Value ETF DFEV 0.01% 106.4K 0.46%
4 Vanguard FTSE All-World ex-US Small-Cap ETF VSS 0.00% 569.8K 0.06%
5 Avantis Emerging Markets Equity UCITS ETF USD Acc AVEM.L 0.00% 7.1K 0.35%
6 Dimensional - Emerging Markets Core Equity 2 ETF DFEM 0.00% 228.0K 0.39%
7 Avantis Responsible Emerging Markets Equity ETF AVSE 0.00% 4.1K 0.33%
8 Vanguard FTSE Emerging Markets All Cap Index ETF VEE.TO 0.00% 47.8K 0.26%
9 Vanguard FTSE Emerging Markets Shares ETF VGE.AX 0.00% 21.2K 0.48%
10 Vanguard FTSE Emerging Markets ETF VWO 0.00% 2.36M 0.06%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
13.6K
Shares Outstanding
593.74M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Ju-Hsuan Shih Finance Manager female
Ming-Tsung Wu Vice President of Sales male
Pei-Chi Wu President, GM & Representative Director male
Shengchuan Zhang Accounting Manager
Yung-Chih Chen Company Secretary & Group Legal Division Director male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits