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INDICATIVE · SAMPLE DATA
2904$15.8555

Prime Oil Chemical Service Corp

Oil & Gas Transportation ServicesVerified

Prime Oil Chemical Service Corp maintains a debt-to-equity ratio of 0.3 and a current ratio of 0.96, indicating moderate liquidity risk and a capital structure that is relatively conservative compared to industry norms. The company's price-to-book ratio of 0.96 and tangible book value alignment suggest market valuation is in line with its net asset value, with no significant premium or discount. Return on equity of 5.94% and return on assets of 4.27% indicate performance that is below the industry median for capital efficiency, suggesting room for improvement in asset utilization and profitability. The company's revenue is concentrated in its core storage tank leasing and energy businesses, with no disclosed geographic diversification beyond Taiwan. Revenue growth has been modest, with no significant acceleration in the current fiscal year, and the outlook for the next fiscal year remains flat. The company's risk assessment indicates medium liquidity risk due to negative net cash after subtracting total debt, and low dilution risk with no near-term pressure from share issuance. Recent filings and transcripts show the company is focused on expanding its solar power generation business, which is expected to provide long-term income through electricity sales or leases. The company has not disclosed any material regulatory or geopolitical risks in its recent filings, but its operations are subject to the broader energy sector dynamics in Taiwan.

30-day price · 2904-2.45 (-14.6%)
Low$13.95High$16.95Close$14.30As of21 May, 00:00 UTC
Profile
CompanyPrime Oil Chemical Service Corp
Ticker2904.TW
SectorEnergy
BusinessEnergy - Fossil Fuels
Industry groupEnergy - Fossil Fuels
IndustryOil & Gas Transportation Services
AI analysis

Business. Prime Oil Chemical Service Corp provides storage tank leasing for chemicals and oil products in Taichung port, and operates in the energy business through solar power generation systems.

Classification. The company is classified under the Energy - Fossil Fuels business sector and Oil & Gas Transportation Services industry with 92% confidence.

Prime Oil Chemical Service Corp maintains a debt-to-equity ratio of 0.3 and a current ratio of 0.96, indicating moderate liquidity risk and a capital structure that is relatively conservative compared to industry norms. The company's price-to-book ratio of 0.96 and tangible book value alignment suggest market valuation is in line with its net asset value, with no significant premium or discount. Return on equity of 5.94% and return on assets of 4.27% indicate performance that is below the industry median for capital efficiency, suggesting room for improvement in asset utilization and profitability. The company's revenue is concentrated in its core storage tank leasing and energy businesses, with no disclosed geographic diversification beyond Taiwan. Revenue growth has been modest, with no significant acceleration in the current fiscal year, and the outlook for the next fiscal year remains flat. The company's risk assessment indicates medium liquidity risk due to negative net cash after subtracting total debt, and low dilution risk with no near-term pressure from share issuance. Recent filings and transcripts show the company is focused on expanding its solar power generation business, which is expected to provide long-term income through electricity sales or leases. The company has not disclosed any material regulatory or geopolitical risks in its recent filings, but its operations are subject to the broader energy sector dynamics in Taiwan.
Key takeaways
  • The company's capital structure is conservative with a debt-to-equity ratio of 0.3.
  • Return on equity and return on assets are below industry medians, indicating lower capital efficiency.
  • Revenue is concentrated in Taiwan with no geographic diversification.
  • The company is expanding its solar power generation business for long-term income.
  • Liquidity risk is moderate due to negative net cash after subtracting total debt.
  • # RATIONALES
  • {
  • "margin_outlook_rationale": "Operating margins are expected to remain stable as the company maintains its focus on core storage and energy services.",
Financial snapshot
PeriodHA-latest
CurrencyTWD
Revenue$473.8M
Gross profit$148.2M
Operating income$68.9M
Net income$76.6M
R&D
SG&A
D&A
SBC
Operating cash flow$273.5M
CapEx-$92.4M
Free cash flow$95.5M
Total assets$1.79B
Total liabilities$503.5M
Total equity$1.29B
Cash & equivalents$72.4M
Long-term debt$392.6M
Annual history (last 5)
PeriodRevenueOp IncomeNet IncomeFCF
FY0$473.8M$68.9M$76.6M$95.5M
FY-1$492.0M$112.8M$107.2M$201.9M
FY-2$441.5M$72.2M$65.2M$122.7M
FY-3$475.5M$101.8M$107.0M-$77.5M
FY-4$466.1M$88.5M$71.4M-$44.5M
PeriodGross %Op %Net %FCF %
FY0
FY-1
FY-2
FY-3
FY-4
PeriodAssetsEquityCashDebt
FY0$1.79B$1.29B$72.4M
FY-1$1.97B$1.29B$122.6M
FY-2$1.93B$1.21B$37.2M
FY-3$2.19B$1.19B$43.6M
FY-4$1.64B$962.0M$33.6M
PeriodOCFCapExFCFSBC
FY0$273.5M-$92.4M$95.5M
FY-1$284.1M-$47.5M$201.9M
FY-2$241.4M-$84.9M$122.7M
FY-3$265.8M-$317.5M-$77.5M
FY-4$241.2M-$157.6M-$44.5M
Quarterly history (last 4)
PeriodRevenueOp IncomeNet IncomeFCF
FQ0$98.3M-$1.0M-$1.5M$36.8M
FQ-1$122.4M$22.1M$30.6M$63.3M
FQ-2$131.6M$32.7M$22.7M$45.2M
FQ-3$121.5M$23.6M$24.8M$28.0M
FQ-4$125.3M$29.4M$33.7M$63.9M
FQ-5$124.8M$30.2M$21.6M$57.8M
FQ-6$127.5M$30.5M$26.1M$71.4M
FQ-7$114.4M$22.7M$25.7M$55.4M
PeriodGross %Op %Net %FCF %
FQ0
FQ-1
FQ-2
FQ-3
FQ-4
FQ-5
FQ-6
FQ-7
PeriodAssetsEquityCashDebt
FQ0$1.79B$1.29B$72.4M
FQ-1$1.82B$1.27B$101.9M
FQ-2$1.93B$1.23B$149.2M
FQ-3$1.97B$1.25B$87.9M
FQ-4$1.97B$1.29B$122.6M
FQ-5$1.92B$1.25B$111.9M
FQ-6$1.92B$1.23B$72.3M
FQ-7$1.93B$1.20B$38.1M
PeriodOCFCapExFCFSBC
FQ0$273.5M-$92.4M$36.8M
FQ-1$218.2M-$83.0M$63.3M
FQ-2$136.8M-$68.2M$45.2M
FQ-3$76.1M-$42.9M$28.0M
FQ-4$284.1M-$47.5M$63.9M
FQ-5$196.3M-$31.6M$57.8M
FQ-6$127.3M-$20.7M$71.4M
FQ-7$56.1M-$18.3M$55.4M
Valuation
Market price$15.85
Market cap$1.23B
Enterprise value$1.55B
P/E16.1
Reported non-GAAP P/E
EV/Revenue3.3
EV/Op income22.6
EV/OCF5.7
P/B1.0
P/Tangible book1.0
Tangible book$1.29B
Net cash-$320.2M
Current ratio1.0
Debt/Equity0.3
ROA4.3%
ROE5.9%
Cash conversion3.6%
CapEx/Revenue-19.5%
SBC/Revenue
Asset intensity
Dilution ratio0.0%
Risk assessment
Dilution riskLow
Liquidity riskMedium
  • Net cash is negative after subtracting total debt.
Industry benchmarks
Activity: Energy - Fossil Fuels · cohort 6 companies
Metric2904Activity
Op margin14.5%23.2% medp25 15.8% · p75 28.2%bottom quartile
Net margin16.2%15.4% medp25 6.2% · p75 24.7%above median
Gross margin31.3%24.2% medp25 24.2% · p75 24.2%top quartile
R&D / revenue1.3% medp25 1.0% · p75 1.6%
CapEx / revenue-19.5%12.2% medp25 3.6% · p75 22.0%bottom quartile
Debt / equity30.0%211.6% medp25 139.4% · p75 213.3%bottom quartile
Source data
Underlying data the analysis-pipeline pulls and audits. Fetch timestamps + content hashes show when each source was last refreshed.
Company fundamentalsperiod FQ-7 · history via verified-market-data
no public URL
2026-05-10 14:28 UTC#f02a7493
Market quoteclose TWD 15.85 · shares 0.08B diluted
no public URL
2026-05-10 14:28 UTC#d312fc30
Source: analysis-pipeline (hybrid)Generated: 2026-05-10 14:30 UTCJob: 8841946c