Stock 2891B CTBC FINANCIAL HOLDING CO., LTD.
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Financials CTBC Financial Holding Co., Ltd. Taiwan S.E.

Equities

2891B

TW0002891B07

Banks

End-of-day quote Taiwan S.E.
Other stock markets
 06:00:00 2024-06-06 pm EDT 		5-day change 1st Jan Change
60.2 TWD +0.17% Intraday chart for CTBC Financial Holding Co., Ltd. -0.17% +1.35%
May. 31 Transcript : CTBC Financial Holding Co., Ltd., Q1 2024 Earnings Call, May 31, 2024
May. 24 Global markets live: Nvidia, Boeing, Micron Technology, Alibaba, Apple... Our Logo

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 436,733 384,091 505,947 443,858 555,186 729,939 - -
Enterprise Value (EV) 1 436,733 384,091 505,947 443,858 555,186 729,939 729,939 729,939
P/E ratio 10.4 x 9.16 x 9.51 x 14.3 x 10.1 x 11.4 x 11.1 x 11 x
Yield 4.46% 5.33% 4.82% - - 5.08% 4.8% 5.08%
Capitalization / Revenue 1.65 x 1.98 x 2.72 x 3.19 x 4.07 x 4.26 x 3.94 x 3.81 x
EV / Revenue 1.65 x 1.98 x 2.72 x 3.19 x 4.07 x 4.26 x 3.94 x 3.81 x
EV / EBITDA - - - - - - - -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 1.24 x 0.95 x 1.18 x - 1.35 x 1.52 x 1.41 x 1.34 x
Nbr of stocks (in thousands) 19,496,990 19,496,990 19,496,990 20,084,065 19,583,297 19,622,009 - -
Reference price 2 22.40 19.70 25.95 22.10 28.35 37.20 37.20 37.20
Announcement Date 3/12/20 3/18/21 3/15/22 3/15/23 3/13/24 - - -
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 264,718 194,406 186,058 139,252 136,576 171,277 185,080 191,778
EBITDA - - - - - - - -
EBIT 1 57,450 60,835 69,759 56,035 76,608 86,539 89,627 94,340
Operating Margin 21.7% 31.29% 37.49% 40.24% 56.09% 50.53% 48.43% 49.19%
Earnings before Tax (EBT) 1 51,809 51,577 62,044 47,049 66,934 77,323 77,048 81,909
Net income 1 42,880 42,853 54,205 31,279 56,081 64,057 66,065 65,963
Net margin 16.2% 22.04% 29.13% 22.46% 41.06% 37.4% 35.7% 34.4%
EPS 2 2.160 2.150 2.730 1.550 2.820 3.250 3.365 3.369
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 1.000 1.050 1.250 - - 1.888 1.787 1.890
Announcement Date 3/12/20 3/18/21 3/15/22 3/15/23 3/13/24 - - -
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 49,667 57,568 43,059 36,130 2,495 23,538 38,952 48,139 29,693 48,512 38,067 39,763 39,239 44,409 39,434
EBITDA - - - - - - - - - - - - - - -
EBIT 1 - - - - - 16,984 19,594 26,589 13,441 28,019 19,467 18,052 10,101 - -
Operating Margin - - - - - 72.16% 50.3% 55.23% 45.27% 57.76% 51.14% 45.4% 25.74% - -
Earnings before Tax (EBT) 1 8,664 21,067 12,621 13,110 251.1 15,796 17,045 23,678 10,415 25,543 15,500 17,500 10,467 25,670 15,578
Net income 1 7,730 16,292 8,003 7,891 -907.3 12,959 15,854 19,773 7,495 20,920 13,950 15,750 9,420 23,103 14,020
Net margin 15.56% 28.3% 18.59% 21.84% -36.37% 55.06% 40.7% 41.07% 25.24% 43.12% 36.65% 39.61% 24.01% 52.02% 35.55%
EPS 2 0.4000 0.8400 0.3500 0.4100 -0.0500 0.6600 0.8100 0.9600 0.3900 1.020 0.6900 0.7800 0.4700 1.150 0.7000
Dividend per Share - - - - - - - - - - - - - - -
Announcement Date 3/15/22 5/24/22 8/19/22 11/18/22 3/15/23 5/26/23 8/25/23 11/14/23 3/13/24 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) 13% 10.9% 13% - 14.6% 13.9% 12.7% 12.9%
ROA (Net income/ Total Assets) 0.72% 0.67% 0.79% - 0.72% 0.76% 0.71% -
Assets 1 5,955,556 6,418,063 6,850,115 - 7,789,094 8,466,426 9,341,772 -
Book Value Per Share 2 18.00 20.80 22.10 - 21.00 24.40 26.30 27.80
Cash Flow per Share - - - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 3/12/20 3/18/21 3/15/22 3/15/23 3/13/24 - - -
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

Ratings for CTBC Financial Holding Co., Ltd.

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
12
Last Close Price
37.2 TWD
Average target price
37.06 TWD
Spread / Average Target
-0.38%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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