This is research, not a buy or sell recommendation. Robo-advice in Taiwan requires an FSC licence; FEAF analyses, explains and monitors, and the investor makes the decision. Judgement thresholds are working rules pending review by the team's finance members.
Plain-language summary of valuation, growth, profitability, balance sheet, and recent MOPS filings.
Mixed picture: 1 strengths against 3 watch-outs. Weigh them against your own goals.
Points to watch for a moderate profile: see the items marked above.
In plain words
Company 1301 presents a light debt load with liabilities at 20.8% of total assets in Q3 2026, and its P/E of 26.93 is close to the Plastics median of 26.05. However, profitability is weak with a return on equity of 2.5% and a net margin of 9.6%, alongside a negative free cash flow of -7,929 NT$ million in 2025. Although Q3 2026 revenue increased 6.2% year on year after falling -12.3% in 2025, the company has 2 verified alerts, including board approval of new fund loans exceeding 2% of net worth on 2026-11-12. Overall, the company shows a mixed picture of 1 strength against 3 watch-outs. Ultimately, the final investment decision rests with the investor.
Written by gemini-3.6-flash from the facts above; every number was checked against them.
Strengths
+Liabilities are only 20.8% of total assets (Q3 2026): a light debt load. source (Financials) →
Watch-outs
!Revenue fell -12.3% in 2025; latest quarter Q3 2026: 6.2% year on year. source (Financials) →
!Return on equity 2.5% with a 9.6% net margin: weak profitability. source (Key Stats) →
!Free cash flow was negative in 2025: -7,929 NT$ million, so spending exceeded operating cash. source (Financials) →
What to check before deciding
?Is the revenue decline temporary or structural?
?What would lift profitability, and how soon?
?What is the spending for, and when does it start paying back?
What the analysis found
·Valuation vs peersP/E 26.93 is close to the Plastics median of 26.05 (10 listed peers). source →
!GrowthRevenue fell -12.3% in 2025; latest quarter Q3 2026: 6.2% year on year. source →
!ProfitabilityReturn on equity 2.5% with a 9.6% net margin: weak profitability. source →
+DebtLiabilities are only 20.8% of total assets (Q3 2026): a light debt load. source →
!Cash flowFree cash flow was negative in 2025: -7,929 NT$ million, so spending exceeded operating cash. source →
·Filings2 verified alert(s); latest on 2026-11-12: 董事會通過新增資金貸與金額達本公司淨值之2%以上 source →