Financials Taichung Commercial Bank Co., Ltd.

Equities

2812

TW0002812005

Banks

End-of-day quote Taiwan S.E. 03:30:00 28/05/2024 am IST 5-day change 1st Jan Change
18.35 TWD +0.55% Intraday chart for Taichung Commercial Bank Co., Ltd. +0.82% +15.41%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 35,960 44,506 45,046 52,713 64,198 83,095
Enterprise Value (EV) 1 23,930 37,529 22,312 25,927 41,002 72,286
P/E ratio 8.64 x 10.3 x 10.5 x 11 x 11.4 x 12.2 x
Yield 2.75% 2.33% 2.21% 2.06% 2.34% 2.52%
Capitalization / Revenue 3.21 x 3.88 x 4.05 x 4.27 x 4.66 x 5.25 x
EV / Revenue 2.13 x 3.27 x 2.01 x 2.1 x 2.98 x 4.57 x
EV / EBITDA - - - - - -
EV / FCF - - - - - -
FCF Yield - - - - - -
Price to Book 0.75 x 0.87 x 0.79 x 0.87 x 0.93 x 1.09 x
Nbr of stocks (in thousands) 44,60,942 44,60,942 47,46,775 47,46,775 52,26,095 52,26,095
Reference price 2 8.061 9.977 9.490 11.11 12.28 15.90
Announcement Date 14/03/19 27/02/20 26/02/21 25/02/22 24/02/23 01/03/24
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 11,217 11,480 11,125 12,353 13,765 15,830
EBITDA - - - - - -
EBIT - - - - - -
Operating Margin - - - - - -
Earnings before Tax (EBT) 1 4,760 5,207 4,758 5,569 6,601 8,234
Net income 1 4,008 4,320 4,026 4,796 5,344 6,821
Net margin 35.74% 37.63% 36.19% 38.83% 38.83% 43.09%
EPS 2 0.9326 0.9644 0.9000 1.005 1.074 1.300
Free Cash Flow - - - - - -
FCF margin - - - - - -
FCF Conversion (EBITDA) - - - - - -
FCF Conversion (Net income) - - - - - -
Dividend per Share 2 0.2213 0.2328 0.2099 0.2285 0.2879 0.4000
Announcement Date 14/03/19 27/02/20 26/02/21 25/02/22 24/02/23 01/03/24
1TWD in Million2TWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 12,030 6,977 22,734 26,786 23,196 10,809
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow - - - - - -
ROE (net income / shareholders' equity) 8.79% 8.72% 7.41% 7.94% 8.06% 9.36%
ROA (Net income/ Total Assets) 0.59% 0.63% 0.57% 0.64% 0.68% 0.81%
Assets 1 6,76,975 6,86,786 7,09,845 7,54,724 7,90,329 8,42,985
Book Value Per Share 2 10.70 11.50 12.10 12.80 13.20 14.60
Cash Flow per Share 2 3.560 2.550 2.470 3.620 4.930 5.160
Capex 1 283 1,443 1,871 1,619 2,709 1,883
Capex / Sales 2.52% 12.57% 16.82% 13.11% 19.68% 11.9%
Announcement Date 14/03/19 27/02/20 26/02/21 25/02/22 24/02/23 01/03/24
1TWD in Million2TWD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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