Financials China Development Financial Holding Corporation

Equities

2883

TW0002883006

Life & Health Insurance

End-of-day quote Taiwan S.E. 06:00:00 2024-06-12 pm EDT 5-day change 1st Jan Change
15.2 TWD +0.33% Intraday chart for China Development Financial Holding Corporation +0.66% +21.12%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 141,612 135,814 333,947 212,275 211,333 279,898 - -
Enterprise Value (EV) 1 141,612 135,814 333,947 212,275 211,333 279,898 279,898 279,898
P/E ratio - 10.8 x 7.48 x 12.9 x 11.1 x 9.55 x 8.99 x 8.9 x
Yield - - 5.71% - 3.98% 4.62% 4.91% 4.96%
Capitalization / Revenue 0.59 x - 1.74 x 2.02 x 1.97 x 4.43 x 4.17 x 4.04 x
EV / Revenue 0.59 x - 1.74 x 2.02 x 1.97 x 4.43 x 4.17 x 4.04 x
EV / EBITDA - - - - - - - -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 0.75 x - 1.01 x 1.02 x 0.8 x 0.85 x 0.77 x 0.73 x
Nbr of stocks (in thousands) 14,554,145 14,603,623 19,082,703 16,847,244 16,839,289 18,414,323 - -
Reference price 2 9.730 9.300 17.50 12.60 12.55 15.20 15.20 15.20
Announcement Date 3/30/20 3/17/21 3/15/22 2/21/23 3/27/24 - - -
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 240,382 - 192,278 105,242 107,031 63,222 67,151 69,275
EBITDA - - - - - - - -
EBIT - - 52,386 45,499 75,455 - - -
Operating Margin - - 27.24% 43.23% 70.5% - - -
Earnings before Tax (EBT) - - 52,200 21,941 - - - -
Net income 1 - 12,500 35,043 16,366 18,943 26,805 28,453 28,742
Net margin - - 18.23% 15.55% 17.7% 42.4% 42.37% 41.49%
EPS 2 - 0.8600 2.340 0.9800 1.130 1.592 1.690 1.707
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 - - 1.000 - 0.5000 0.7015 0.7456 0.7533
Announcement Date 3/30/20 3/17/21 3/15/22 2/21/23 3/27/24 - - -
1TWD in Million2TWD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2024 Q1
Net sales 1 20,953
EBITDA -
EBIT -
Operating Margin -
Earnings before Tax (EBT) 1 9,896
Net income 1 8,214
Net margin 39.2%
EPS 2 0.4900
Dividend per Share -
Announcement Date 5/21/24
1TWD in Million2TWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) 7.38% - 14.1% 6.53% 8.04% 9.56% 8.82% 8.27%
ROA (Net income/ Total Assets) - - 1.02% 0.47% 0.53% 0.71% 0.74% 0.72%
Assets 1 - - 3,446,782 3,497,677 3,592,452 3,764,706 3,860,693 3,986,382
Book Value Per Share 2 12.90 - 17.40 12.40 15.60 17.90 19.70 20.80
Cash Flow per Share - - 4.370 - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 3/30/20 3/17/21 3/15/22 2/21/23 3/27/24 - - -
1TWD in Million2TWD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
1
Last Close Price
15.2 TWD
Average target price
18 TWD
Spread / Average Target
+18.42%
Consensus

Annual profits - Rate of surprise

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