Financials Taishin Financial Holding Co., Ltd.

Equities

2887

TW0002887007

Banks

End-of-day quote Taiwan S.E. 06:00:00 2024-05-30 pm EDT 5-day change 1st Jan Change
18.4 TWD +0.82% Intraday chart for Taishin Financial Holding Co., Ltd. -1.08% +1.66%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 154,513 144,514 216,208 180,810 225,835 229,578 - -
Enterprise Value (EV) 1 154,513 144,514 216,208 180,810 225,835 229,578 229,578 229,578
P/E ratio 12.2 x 11.3 x 11.6 x 13.9 x 17.9 x 15 x 14.9 x -
Yield 3.93% 4.19% - 3.38% - 3.52% 3.49% 3.98%
Capitalization / Revenue 3.54 x 3.27 x 3.39 x 2.72 x 3.23 x 4.16 x 4.11 x 4.04 x
EV / Revenue 3.54 x 3.27 x 3.39 x 2.72 x 3.23 x 4.16 x 4.11 x 4.04 x
EV / EBITDA - - - - - - - -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 0.99 x 0.78 x 1.09 x 0.89 x 1.04 x 1.23 x 1.16 x -
Nbr of stocks (in thousands) 12,464,437 12,469,202 12,477,062 12,477,062 12,477,062 12,477,062 - -
Reference price 2 12.40 11.59 17.33 14.49 18.10 18.40 18.40 18.40
Announcement Date 2/27/20 2/25/21 2/25/22 2/24/23 2/23/24 - - -
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 43,641 44,145 63,764 66,442 69,918 55,160 55,913 56,798
EBITDA - - - - - - - -
EBIT 1 18,889 18,292 35,464 19,195 19,492 21,730 21,960 -
Operating Margin 43.28% 41.44% 55.62% 28.89% 27.88% 39.4% 39.28% -
Earnings before Tax (EBT) 1 16,274 16,431 23,156 17,649 17,723 19,190 19,116 -
Net income 1 14,488 14,493 20,312 14,864 14,602 15,721 15,844 -
Net margin 33.2% 32.83% 31.85% 22.37% 20.88% 28.5% 28.34% -
EPS 2 1.017 1.023 1.491 1.046 1.010 1.226 1.232 -
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 0.4873 0.4856 - 0.4894 - 0.6471 0.6416 0.7319
Announcement Date 2/27/20 2/25/21 2/25/22 2/24/23 2/23/24 - - -
1TWD in Million2TWD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 16,534 9,994 14,366 16,425 19,040 19,223 17,515 16,474 16,706 21,320 13,857 13,645 12,428 14,318 13,078
EBITDA - - - - - - - - - - - - - - -
EBIT - - - - - - - - - - - - - - -
Operating Margin - - - - - - - - - - - - - - -
Earnings before Tax (EBT) 1 2,941 2,935 - 4,819 6,717 - - 4,192 2,868 - 4,202 3,696 4,191 5,175 4,333
Net income 1 2,543 1,710 - 3,796 6,592 - - 3,219 2,500 - 3,865 3,400 3,856 4,761 3,987
Net margin 15.38% 17.12% - 23.11% 34.62% - - 19.54% 14.97% - 27.89% 24.92% 31.03% 33.25% 30.49%
EPS 2 0.1737 0.1372 - 0.2687 0.4894 - - 0.2200 0.1600 - 0.2800 0.2500 0.2800 0.3500 0.2900
Dividend per Share - - - - - - - - - - - - - - -
Announcement Date 2/25/22 5/20/22 8/19/22 11/18/22 2/24/23 5/19/23 8/25/23 11/24/23 2/23/24 5/24/24 - - - - -
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) 8.2% 7.94% 10.6% 7.41% 6.96% 8% 7.53% 7.49%
ROA (Net income/ Total Assets) 0.76% 0.69% 0.86% 0.56% 0.5% 0.49% 0.48% -
Assets 1 1,908,830 2,113,514 2,354,310 2,654,259 2,900,614 3,210,517 3,316,979 -
Book Value Per Share 2 12.60 14.90 15.90 16.30 17.40 14.90 15.90 -
Cash Flow per Share - - - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 2/27/20 2/25/21 2/25/22 2/24/23 2/23/24 - - -
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

Trading Rating
Investor Rating
ESG Refinitiv
A
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
5
Last Close Price
18.4 TWD
Average target price
17.8 TWD
Spread / Average Target
-3.26%
Consensus
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  4. Financials Taishin Financial Holding Co., Ltd.