Formosa Taffeta Dividend yield




   TWD/share 
 Price  28.20
 Dividend  1.00
 Earnings  1.27
 Cash-flow  1.45
 Book value  35.25
 Equity  36.29

Formosa Taffeta is part of Personal Goods business, which is part of Consumer Goods industry. Formosa Taffeta is a company from Taiwan, and his stocks are publicly traded.

Formosa Taffeta paid a total dividend of 1,685 million TWD last year, for a market value of 47,517 millions (Market Cap 28,747 millions). Dividend per share of Formosa Taffeta is 1.00 TWD, and his stock market price 28.20 TWD.

According to the chart below, where dividend yield is displayed, Formosa Taffeta has a dividend yield of 3.55%, which is higher than the amount offered by both the market average and companies from Taiwan. It is also bigger than average of Consumer Goods industry. This high dividend yield might be a sign to worry about the future of the company so deeper analysis is needed.

In addition, you should compare Formosa Taffeta dividend yield with other Personal Goods companies or firms from Taiwan.

Dividend yield of Formosa Taffeta

Formosa Taffeta Dividend Payout

About the ability of Formosa Taffeta to maintain his current dividend of TWD 1.00 per share, an amount that accounts for 3.55%, we should study its payout ratio both on earnings and on cash-flows (see chart below). Formosa Taffeta payout on ernings is currently 78.74%, which is higher than the market average, and companies of Consumer Goods industry, which are 38.25% and 43.24% respectively. Both figures show that Formosa Taffeta can have problems to keep with his present dividend yield.

The payout on earnings should be complemented with the payout on cash flow since it is this last amount the one which can be distributed to shareholders. Cash flow per share of Formosa Taffeta is TWD 1.45 per share, which is higher than the dividend per share paid by the company of TWD 1.00, so the company generates enough cash to maintain his dividend in the future.

The following figure shows payout ratios over earnings and cashflow of Formosa Taffeta, compared againt world market average, Taiwan companies, Consumer Goods industry and Personal Goods sector companies.

Formosa Taffeta payout

Formosa Taffeta Dividend History

Year Yield  TWD  Paypout  Shares* 
Present3.55%1.0078.74%1,685
20213.43%1.0080.00%1,685
20208.05%2.5081.43%1,685
20196.14%2.1075.00%1,685
20185.50%1.9074.80%1,685
20174.79%1.5072.46%1,685
20164.03%1.2071.43%1,685
20154.60%1.4066.99%1,685

*In millions

Formosa Taffeta Stock performance

Finally, last moth Formosa Taffeta showed a return of -1.10% compared to a worldwide 1.12% average, and a -2.67% of Consumer Goods firms. Over the last year, the company obtained a -8.40% versus a worldwide performance of a 5.73%. More detailed information can be seen in the following graph for Taiwan and Personal Goods firms.

Formosa Taffeta stock and market return