Financials First Financial Holding Co., Ltd.

Equities

2892

TW0002892007

Banks

End-of-day quote Taiwan S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
26.95 TWD +0.19% Intraday chart for First Financial Holding Co., Ltd. +1.13% -1.64%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 295,348 274,044 317,622 350,421 373,192 367,063 - -
Enterprise Value (EV) 1 295,348 274,044 317,622 350,421 373,192 367,063 367,063 367,063
P/E ratio 15.3 x 16.3 x 16.1 x 17 x 16.6 x 16.2 x 16.6 x -
Yield 4.43% 4.22% 4.08% - - 3.23% 3.22% 3.08%
Capitalization / Revenue 4.74 x 4.6 x 5.07 x 5.17 x 5.55 x 5.64 x 5.58 x 5.81 x
EV / Revenue 4.74 x 4.6 x 5.07 x 5.17 x 5.55 x 5.64 x 5.58 x 5.81 x
EV / EBITDA - - - - - - - -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 1.34 x 1.24 x 1.41 x - - 1.38 x 1.33 x -
Nbr of stocks (in thousands) 13,620,146 13,620,146 13,620,146 13,620,146 13,620,146 13,620,146 - -
Reference price 2 21.68 20.12 23.32 25.73 27.40 26.95 26.95 26.95
Announcement Date 2/27/20 2/25/21 3/2/22 2/24/23 3/1/24 - - -
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 62,318 59,568 62,604 67,756 67,255 65,067 65,744 63,168
EBITDA - - - - - - - -
EBIT 1 38,417 34,838 36,330 39,970 36,873 34,383 34,744 -
Operating Margin 61.65% 58.48% 58.03% 58.99% 54.83% 52.84% 52.85% -
Earnings before Tax (EBT) 1 23,309 19,620 23,433 24,487 28,262 28,383 26,953 27,048
Net income 1 19,369 16,808 19,739 20,596 22,461 23,961 22,850 21,611
Net margin 31.08% 28.22% 31.53% 30.4% 33.4% 36.82% 34.76% 34.21%
EPS 2 1.418 1.235 1.447 1.515 1.650 1.666 1.623 -
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 0.9607 0.8482 0.9518 - - 0.8700 0.8674 0.8300
Announcement Date 2/27/20 2/25/21 3/2/22 2/24/23 3/1/24 - - -
1TWD in Million2TWD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 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
Net sales 1 16,055 15,207 15,472 16,897 19,831 15,556 17,741 17,417 26,952 15,518 16,968 18,303 17,960 14,836
EBITDA - - - - - - - - - - - - - -
EBIT - - - - - - - - - - - - - -
Operating Margin - - - - - - - - - - - - - -
Earnings before Tax (EBT) 1 6,610 3,970 5,944 6,321 - - 8,300 7,982 7,543 4,437 6,735 6,902 8,037 6,041
Net income 1 5,608 3,218 4,944 5,291 - - 6,630 6,528 5,868 3,434 6,196 6,350 7,394 5,558
Net margin 34.93% 21.16% 31.96% 31.32% - - 37.37% 37.48% 21.77% 22.13% 36.52% 34.69% 41.17% 37.46%
EPS 2 0.4093 0.2380 0.3617 0.3884 - - 0.4854 0.4800 0.4300 0.2500 0.4500 0.4700 0.5400 0.4100
Dividend per Share - - - - - - - - - - - - - -
Announcement Date 11/26/21 3/2/22 5/30/22 8/26/22 11/25/22 2/24/23 5/29/23 8/28/23 11/29/23 3/1/24 - - - -
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) 9.11% 7.62% 8.86% - - 8.77% 8.21% -
ROA (Net income/ Total Assets) 0.63% 1.14% 0.55% - - 0.52% 0.5% -
Assets 1 3,074,444 1,474,386 3,588,917 - - 4,603,387 4,616,157 -
Book Value Per Share 2 16.10 16.20 16.50 - - 19.60 20.20 -
Cash Flow per Share - - - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 2/27/20 2/25/21 3/2/22 2/24/23 3/1/24 - - -
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
7
Last Close Price
26.95 TWD
Average target price
26.27 TWD
Spread / Average Target
-2.54%
Consensus
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