Formosa Laboratories (Taiwan) Today

4746 Stock  TWD 103.50  1.00  0.98%   

Performance

3 of 100

 
Low
 
High
Insignificant

Odds Of Distress

Less than 30

 
100  
 
Zero
Below Average
Formosa Laboratories is selling for under 103.50 as of the 28th of March 2024; that is 0.98 percent increase since the beginning of the trading day. The stock's lowest day price was 103.0. Formosa Laboratories has about a 30 percent probability of financial distress in the next few years of operation and did not have a very good performance during the last 90 trading days. Equity ratings for Formosa Laboratories are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 27th of February 2024 and ending today, the 28th of March 2024. Click here to learn more.
Formosa Laboratories, Inc. produces and sells active pharmaceutical ingredients and UV-filters worldwide. The company was founded in 1995 and is based in Taoyuan, Taiwan. FORMOSA LABORATORIES operates under Drug Manufacturers - Specialty Generic classification in Taiwan and is traded on Taiwan Stock Exchange.. The company has 120.26 M outstanding shares. More on Formosa Laboratories

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Follow Valuation Odds of Bankruptcy
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Formosa Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Formosa Laboratories' investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Formosa Laboratories or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
CEOZhiping Yang
Business ConcentrationHealth Care, Pharmaceuticals, Drug Manufacturers - Specialty & Generic, Healthcare (View all Sectors)
Formosa Laboratories (4746) is traded on Taiwan Stock Exchange in Taiwan and employs 23 people. The company currently falls under 'Mid-Cap' category with a current market capitalization of 8.08 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Formosa Laboratories's market, we take the total number of its shares issued and multiply it by Formosa Laboratories's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Formosa Laboratories operates under Pharmaceuticals sector and is part of Health Care industry. The entity has 120.26 M outstanding shares. Formosa Laboratories has accumulated about 756.11 M in cash with 311.16 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 7.64.
Check Formosa Laboratories Probability Of Bankruptcy
Ownership Allocation
Formosa Laboratories retains a total of 120.26 Million outstanding shares. Formosa Laboratories retains significant amount of outstanding shares owned by insiders. An insider is usually defined as a CEO, other corporate executive, director, or institutional investor who own at least 10% of the company's outstanding shares. Since such a large part of the company is owned by insiders, it is advisable to analyze if each of these insiders have been buying or selling the stock in recent months. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.
Check Formosa Ownership Details

Formosa Stock Price Odds Analysis

Depending on a normal probability distribution, the odds of Formosa Laboratories jumping above the current price in 90 days from now is about 57.98%. The Formosa Laboratories probability density function shows the probability of Formosa Laboratories stock to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon Formosa Laboratories has a beta of 0.0975. This suggests as returns on the market go up, Formosa Laboratories average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Formosa Laboratories will be expected to be much smaller as well. Additionally, formosa Laboratories has an alpha of 0.1129, implying that it can generate a 0.11 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
  Odds Below 103.5HorizonTargetOdds Above 103.5
41.82%90 days
 103.50 
57.98%
Based on a normal probability distribution, the odds of Formosa Laboratories to move above the current price in 90 days from now is about 57.98 (This Formosa Laboratories probability density function shows the probability of Formosa Stock to fall within a particular range of prices over 90 days) .

Formosa Laboratories Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Formosa Laboratories market risk premium is the additional return an investor will receive from holding Formosa Laboratories long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Formosa Laboratories. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Formosa Laboratories' alpha and beta are two of the key measurements used to evaluate Formosa Laboratories' performance over the market, the standard measures of volatility play an important role as well.

Formosa Stock Against Markets

Picking the right benchmark for Formosa Laboratories stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Formosa Laboratories stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Formosa Laboratories is critical whether you are bullish or bearish towards Formosa Laboratories at a given time. Please also check how Formosa Laboratories' historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Formosa Laboratories without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Formosa Laboratories Corporate Directors

Formosa Laboratories corporate directors refer to members of a Formosa Laboratories board of directors. The board of directors generally takes responsibility for the Formosa Laboratories' affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Formosa Laboratories' board members must vote for the resolution. The Formosa Laboratories board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.

How to buy Formosa Stock?

Before investing in Formosa Laboratories, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Formosa Laboratories. To buy Formosa Laboratories stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Formosa Laboratories. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Formosa Laboratories stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Formosa Laboratories stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Formosa Laboratories stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Formosa Laboratories, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.

Already Invested in Formosa Laboratories?

The danger of trading Formosa Laboratories is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Formosa Laboratories is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Formosa Laboratories. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Formosa Laboratories is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Formosa Laboratories. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
You can also try the Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.

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When running Formosa Laboratories' price analysis, check to measure Formosa Laboratories' 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 Laboratories is operating at the current time. Most of Formosa Laboratories' value examination focuses on studying past and present price action to predict the probability of Formosa Laboratories' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Formosa Laboratories' price. Additionally, you may evaluate how the addition of Formosa Laboratories to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Formosa Laboratories' value and its price as these two are different measures arrived at by different means. Investors typically determine if Formosa Laboratories is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Formosa Laboratories' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.