Financials Fubon Financial Holding Co., Ltd.

Equities

2881

TW0002881000

Life & Health Insurance

End-of-day quote Taiwan S.E. 03:30:00 28/06/2024 am IST 5-day change 1st Jan Change
79.3 TWD +1.15% Intraday chart for Fubon Financial Holding Co., Ltd. +1.28% +22.38%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 4,74,839 4,78,420 10,20,946 6,97,850 8,43,370 10,32,087 - -
Enterprise Value (EV) 1 4,74,839 4,78,420 10,20,946 8,49,183 10,39,646 10,48,087 10,48,087 10,32,087
P/E ratio 8.5 x 5.47 x 6.11 x 15.9 x 13.5 x 11.4 x 11.2 x 9.74 x
Yield 4.31% 6.42% 4.59% 6.22% - 3.23% 3.28% 3.85%
Capitalization / Revenue 1.06 x 1 x 2.1 x 2.69 x 5.03 x 4.38 x 4.25 x 3.62 x
EV / Revenue 1.06 x 1 x 2.1 x 3.27 x 6.2 x 4.44 x 4.31 x 3.62 x
EV / EBITDA - - - - - - - -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 0.78 x 0.63 x 0.91 x 1.23 x 1.05 x 1.24 x 1.12 x 1.04 x
Nbr of stocks (in thousands) 1,24,10,803 1,24,10,803 1,47,52,220 1,30,14,973 1,30,14,973 1,30,14,973 - -
Reference price 2 38.26 38.55 69.21 53.62 64.80 79.30 79.30 79.30
Announcement Date 30/03/20 31/03/21 28/03/22 16/03/23 15/03/24 - - -
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 4,47,992 4,76,506 4,85,832 2,59,458 1,67,799 2,35,806 2,42,961 2,85,033
EBITDA - - - - - - - -
EBIT 1 65,468 1,03,128 1,65,589 60,946 74,444 1,04,867 1,07,538 1,10,568
Operating Margin 14.61% 21.64% 34.08% 23.49% 44.36% 44.47% 44.26% 38.79%
Earnings before Tax (EBT) 1 65,468 1,03,128 1,65,589 60,946 74,444 1,12,994 1,15,537 1,26,874
Net income 1 58,497 90,272 1,44,559 46,926 66,017 96,504 96,555 1,05,955
Net margin 13.06% 18.94% 29.75% 18.09% 39.34% 40.93% 39.74% 37.17%
EPS 2 4.502 7.042 11.33 3.371 4.800 6.972 7.098 8.141
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 1.649 2.474 3.175 3.333 - 2.565 2.599 3.050
Announcement Date 30/03/20 31/03/21 28/03/22 16/03/23 15/03/24 - - -
1TWD in Million2TWD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2020 S1 2021 S1 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 - - 1,06,596 1,34,095 92,045 64,456 -31,138 66,121 55,441 - 89,205 61,041 72,718 26,648 91,881
EBITDA - - - - - - - - - - - - - - -
EBIT 1 - - 16,479 57,557 29,674 17,578 - - - - 34,999 26,737 41,924 3,439 -
Operating Margin - - 15.46% 42.92% 32.24% 27.27% - - - - 39.23% 43.8% 57.65% 12.91% -
Earnings before Tax (EBT) 1 - - 16,479 57,557 29,674 17,578 - 32,366 32,351 -4,297 34,999 29,632 37,718 5,470 35,174
Net income 1 37,284 87,596 11,990 46,477 22,927 14,310 -36,788 28,922 24,908 -1,796 30,408 26,238 33,226 4,404 32,360
Net margin - - 11.25% 34.66% 24.91% 22.2% 118.15% 43.74% 44.93% - 34.09% 42.99% 45.69% 16.53% 35.22%
EPS 2 2.771 - 1.061 3.574 1.610 1.095 -2.829 1.952 - -0.1400 2.340 1.795 2.275 0.3000 2.210
Dividend per Share - - - - - - - - - - - - - - -
Announcement Date 21/08/20 20/08/21 28/03/22 27/05/22 20/08/22 28/11/22 16/03/23 30/08/23 17/11/23 15/03/24 26/06/24 - - - -
1TWD in Million2TWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - 1,51,333 1,96,276 16,000 16,000 -
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) 11% 13.2% 16.7% 6.15% 9.65% 12% 10.4% 11.2%
ROA (Net income/ Total Assets) 0.72% 1.02% 1.49% 0.45% 0.61% 0.84% 0.81% 0.89%
Assets 1 81,31,395 88,50,240 97,01,949 1,04,27,917 1,08,46,955 1,14,91,309 1,19,24,042 1,18,78,388
Book Value Per Share 2 49.00 61.50 75.90 43.50 61.70 63.80 70.60 76.10
Cash Flow per Share 2 10.40 3.970 2.590 11.20 - 5.800 5.800 -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 30/03/20 31/03/21 28/03/22 16/03/23 15/03/24 - - -
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
BUY
Number of Analysts
12
Last Close Price
79.3 TWD
Average target price
78.71 TWD
Spread / Average Target
-0.75%
Consensus
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  4. Financials Fubon Financial Holding Co., Ltd.