Business Overview
[[遠東新世紀]] (Far Eastern New Century) 是台灣龍頭紡織及石化企業，為[[遠東集團]]核心成員。業務涵蓋石化、化纖、紡織、電信 ([[遠傳電信]]) 及房地產開發。公司擁有從石化原料 ([[PTA]]/[[MEG]]) 到下游成衣的垂直整合能力，並積極發展綠色回收聚酯 ([[rPET]]) 產品，為全球第二大[[rPET]]製造商，計劃至2030年年產能達150萬噸。
Supply Chain
上游 (石化原料):
- 原料: [[PTA]] (經亞東石化自產)、[[MEG]] (乙二醇)，集團內部或外部供應
中游 (化纖/紡織):
- 化纖: 聚酯粒、長短纖、[[rPET]]回收聚酯
- 紡紗/織布/染整: 垂直整合一貫化生產
下游 (終端應用):
- 成衣品牌: 供應國際品牌機能性布料
- 包裝材料: [[rPET]]瓶用酯粒
- 電信: [[遠傳電信]] (轉投資)
Customers and Suppliers
主要客戶
- 成衣品牌: [[Nike]]、[[Adidas]]、[[Gap]]、[[Lululemon]]、[[Under Armour]]
- 包裝材料: [[Coca-Cola]]、[[PepsiCo]]、[[IKEA]] ([[rPET]]瓶用酯粒)
- 其他: [[Hasbro]]、[[群創]]、[[Kingston]] (A-PET片材)
主要供應商
- 石化原料: 亞東石化 (集團內[[PTA]]供應)、國內外[[MEG]]供應商
Financial Tables
Valuation Metrics (Share price $25.95 as of 2026-03-26 | TTM through 2025-12-31 | Forward forecast through 2026-12-31)
| P/E (TTM) | Forward P/E | P/S (TTM) | P/B | EV/EBITDA |
|---|---|---|---|---|
| 16.74 | 12.60 | 0.55 | 0.61 | 10.18 |
Annual Financials (Last 3 Years)
| 2025-12-31 | 2024-12-31 | 2023-12-31 | |
|---|---|---|---|
| Revenue | 251896.22 | 270605.59 | 256145.06 |
| Gross Profit | 49625.60 | 53589.24 | 46002.36 |
| Gross Margin (%) | 19.70 | 19.80 | 17.96 |
| Selling & Marketing Exp | 19439.41 | 22601.01 | 19652.78 |
| R&D Exp | 1146.11 | 1319.03 | 1132.33 |
| General & Admin Exp | 13766.78 | 13065.31 | 11912.45 |
| Operating Income | 16446.74 | 17635.62 | 14132.22 |
| Operating Margin (%) | 6.53 | 6.52 | 5.52 |
| Net Income | 7830.54 | 10031.84 | 8229.20 |
| Net Margin (%) | 3.11 | 3.71 | 3.21 |
| Op Cash Flow | 42807.97 | 44387.23 | 46499.80 |
| Investing Cash Flow | -12720.94 | -10023.12 | -15345.51 |
| Financing Cash Flow | -31876.16 | -25443.83 | -45325.39 |
| CAPEX | -14594.56 | -16334.62 | -23029.94 |
Quarterly Financials (Last 4 Quarters)
| 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | |
|---|---|---|---|---|
| Revenue | 68758.69 | 61501.69 | 59488.24 | 62147.60 |
| Gross Profit | 13166.00 | 11850.82 | 11369.32 | 13239.46 |
| Gross Margin (%) | 19.15 | 19.27 | 19.11 | 21.30 |
| Selling & Marketing Exp | 4682.92 | 4657.29 | 4853.47 | 5245.72 |
| R&D Exp | 276.84 | 284.70 | 289.34 | 295.24 |
| General & Admin Exp | 3849.21 | 3280.57 | 3414.52 | 3222.49 |
| Operating Income | 4659.95 | 3918.84 | 3102.59 | 4765.35 |
| Operating Margin (%) | 6.78 | 6.37 | 5.22 | 7.67 |
| Net Income | 2406.54 | 2119.54 | 973.16 | 2331.29 |
| Net Margin (%) | 3.50 | 3.45 | 1.64 | 3.75 |
| Op Cash Flow | 11005.92 | 13928.80 | 13153.78 | 4719.47 |
| Investing Cash Flow | -3689.98 | -5813.37 | -1436.87 | -1780.73 |
| Financing Cash Flow | -12366.75 | -3371.37 | -8715.86 | -7422.19 |
| CAPEX | -4066.09 | -3753.58 | -3906.52 | -2868.36 |