Obermatt

Flags

Financial distress

Far Eastern New Century

TAI:1402 · TW0001402006
Industrial ConglomeratesLarge

360

31
Medium confidence — indicative
Profit price59
Owner Earnings Yield74
Dividend Yield1
Price/Sales62
EV / Gross Profit30
Price/Book73
Return on Capital16
Cash Return on Capital62
Return on Equity30
EBIT Margin25
Gross Profitability23
Cash Conversion87
Accruals91
Owner Earnings Margin68
Sales growth41
Profit Growth57
Long-Term EPS Growth16
Owner Earnings Growth47
Reinvestment43
Price momentum7
Debt load24
Refinancing75
Debt Payback38
Liquidity35
Analyst ratings5
Expectations trend50
Market mood47
Value Creation8/20creating some value
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Far Eastern New Century clears its cost of capital, but the record is mixed across the five tests. Real value creation, just not yet consistent.

Profile

CountryTaiwan
IndustryIndustrial Conglomerates
SizeLarge
TypePublic Company
ExchangeTWSE
Founded1954
Employees234
Websitefenc.com
ISINTW0001402006
Last UpdateApr 2, 2026
Themes
Bio-based and Renewable MaterialsDisposal and RecyclingPackaging ServicesPET (Polyethylene Terephthalate) RecyclingSoftware DevelopmentFast-Moving Consumer GoodsIndustrial ManufacturingManufacturingTextiles

Description

Far Eastern New Century Corporation (FENC) is an enterprise primarily engaged in a diversified portfolio of businesses related to the petrochemical industry, textile manufacturing, chemical fibre production, telecommunications services, real estate d…

Analysis

Middle-of-the-road

Far Eastern New Century Corporation sits in the middle of our grid: average quality, average price, no obvious signal in either direction.

On valuation, the picture is attractive. The owner-earnings multiple stands at 7.3×; owner earnings: the cash an owner could take out each year.

Growth is tepid; the safety picture is stretched. The company scores 8/20 on our value-creation score: creating some value.

No flags apply to this company at this time: accounts, balance sheet, and cash quality all pass. A clean bill of health is meaningful, not just the absence of a warning. This analysis describes numbers; it is not investment advice.

360° rank · history

1007550250
6
2023202420252026

All-time high

28

Jan 2025

All-time low

4

Mar 2026

Average rank

13

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
62
46
48
56
Price/Earnings
61
16
23
30
Price/Book
73
48
50
73
Dividend Yield
1
79
85
94
Value (overall)
40
37
43
57

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →