Formosa Taffeta Financials
| 1434 Stock | TWD 19.25 0.40 2.04% |
Formosa |
Understanding current and past Formosa Taffeta Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Formosa Taffeta's financial statements are interrelated, with each one affecting the others. For example, an increase in Formosa Taffeta's assets may result in an increase in income on the income statement.
Please note, the imprecision that can be found in Formosa Taffeta's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Formosa Taffeta Co. Check Formosa Taffeta's Beneish M Score to see the likelihood of Formosa Taffeta's management manipulating its earnings.
Formosa Taffeta Stock Summary
Formosa Taffeta competes with Feng Tay, Ruentex Development, WiseChip Semiconductor, Novatek Microelectronics, and Leader Electronics. Formosa Taffeta Co., Ltd. operates in the textile industry in Asia. Formosa Taffeta Co., Ltd. was founded in 1973 and is headquartered in Douliu, Taiwan. FORMOSA TAFFETA operates under Textile Manufacturing classification in Taiwan and is traded on Taiwan Stock Exchange. It employs 10268 people.| Instrument | Taiwan Stock View All |
| Exchange | Taiwan Stock Exchange |
| ISIN | TW0001434009 |
| Business Address | No 317, Shuliu |
| Sector | Textiles, Apparel & Luxury Goods |
| Industry | Consumer Discretionary |
| Benchmark | Dow Jones Industrial |
| Website | www.ftc.com.tw |
| Phone | 886 5 557 3966 |
| Currency | TWD - New Taiwan Dollar |
You should never invest in Formosa Taffeta without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of Formosa Stock, because this is throwing your money away. Analyzing the key information contained in Formosa Taffeta's financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.
Formosa Taffeta Key Financial Ratios
There are many critical financial ratios that Formosa Taffeta's investors are exposed to on a daily basis, but they are usually grouped into few meaningful categories from each financial statement that Formosa Taffeta reports annually and quarterly.| Return On Equity | 0.0581 | |||
| Return On Asset | 0.0097 | |||
| Target Price | 33.75 | |||
| Beta | 0.22 | |||
| Z Score | 2.4 |
Formosa Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Formosa Taffeta's current stock value. Our valuation model uses many indicators to compare Formosa Taffeta value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Formosa Taffeta competition to find correlations between indicators driving Formosa Taffeta's intrinsic value. More Info.Formosa Taffeta Co is number one stock in return on equity category among its peers. It also is number one stock in return on asset category among its peers reporting about 0.17 of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Formosa Taffeta Co is roughly 5.99 . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Formosa Taffeta's earnings, one of the primary drivers of an investment's value.Formosa Taffeta Systematic Risk
Formosa Taffeta's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Formosa Taffeta volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was thirty with a total number of output elements of thirty-one. The Beta measures systematic risk based on how returns on Formosa Taffeta correlated with the market. If Beta is less than 0 Formosa Taffeta generally moves in the opposite direction as compared to the market. If Formosa Taffeta Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Formosa Taffeta is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Formosa Taffeta is generally in the same direction as the market. If Beta > 1 Formosa Taffeta moves generally in the same direction as, but more than the movement of the benchmark.
Formosa Taffeta December 15, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Formosa Taffeta help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Formosa Taffeta Co. We use our internally-developed statistical techniques to arrive at the intrinsic value of Formosa Taffeta Co based on widely used predictive technical indicators. In general, we focus on analyzing Formosa Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Formosa Taffeta's daily price indicators and compare them against related drivers.
| Downside Deviation | 1.3 | |||
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 5.6 | |||
| Value At Risk | (1.75) | |||
| Potential Upside | 1.81 |
Additional Tools for Formosa Stock Analysis
When running Formosa Taffeta's price analysis, check to measure Formosa Taffeta's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Formosa Taffeta is operating at the current time. Most of Formosa Taffeta's value examination focuses on studying past and present price action to predict the probability of Formosa Taffeta's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Formosa Taffeta's price. Additionally, you may evaluate how the addition of Formosa Taffeta to your portfolios can decrease your overall portfolio volatility.