Financials Taishin Financial Holding Co., Ltd.

Equities

2887

TW0002887007

Banks

End-of-day quote Taiwan S.E. 03:30:00 25/06/2024 am IST 5-day change 1st Jan Change
18.95 TWD +1.07% Intraday chart for Taishin Financial Holding Co., Ltd. +1.61% +4.70%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 1,54,513 1,44,514 2,16,208 1,80,810 2,25,835 2,36,440 - -
Enterprise Value (EV) 1 1,54,513 1,44,514 2,16,208 1,80,810 2,25,835 2,36,440 2,36,440 2,36,440
P/E ratio 12.2 x 11.3 x 11.6 x 13.9 x 17.9 x 13.5 x 14.1 x 13.4 x
Yield 3.93% 4.19% - 3.38% - 3.59% 3.6% 3.82%
Capitalization / Revenue 3.54 x 3.27 x 3.39 x 2.72 x 3.23 x 3.91 x 4.13 x 3.95 x
EV / Revenue 3.54 x 3.27 x 3.39 x 2.72 x 3.23 x 3.91 x 4.13 x 3.95 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 1.26 x 1.17 x 1.15 x
Nbr of stocks (in thousands) 1,24,64,437 1,24,69,202 1,24,77,062 1,24,77,062 1,24,77,062 1,24,77,062 - -
Reference price 2 12.40 11.59 17.33 14.49 18.10 18.95 18.95 18.95
Announcement Date 27/02/20 25/02/21 25/02/22 24/02/23 23/02/24 - - -
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 60,418 57,226 59,785
EBITDA - - - - - - - -
EBIT 1 18,889 18,292 35,464 19,195 19,492 25,435 24,518 26,613
Operating Margin 43.28% 41.44% 55.62% 28.89% 27.88% 42.1% 42.84% 44.51%
Earnings before Tax (EBT) 1 16,274 16,431 23,156 17,649 17,723 23,248 20,710 23,473
Net income 1 14,488 14,493 20,312 14,864 14,602 17,476 17,205 17,677
Net margin 33.2% 32.83% 31.85% 22.37% 20.88% 28.93% 30.07% 29.57%
EPS 2 1.017 1.023 1.491 1.046 1.010 1.401 1.341 1.417
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 0.4873 0.4856 - 0.4894 - 0.6801 0.6825 0.7240
Announcement Date 27/02/20 25/02/21 25/02/22 24/02/23 23/02/24 - - -
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 25/02/22 20/05/22 19/08/22 18/11/22 24/02/23 19/05/23 25/08/23 24/11/23 23/02/24 24/05/24 - - - - -
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% 9.75% 8.02% 8.13%
ROA (Net income/ Total Assets) 0.76% 0.69% 0.86% 0.56% 0.5% 0.56% 0.52% 0.5%
Assets 1 19,08,830 21,13,514 23,54,310 26,54,259 29,00,614 31,48,905 33,40,786 35,63,979
Book Value Per Share 2 12.60 14.90 15.90 16.30 17.40 15.00 16.10 16.50
Cash Flow per Share - - - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 27/02/20 25/02/21 25/02/22 24/02/23 23/02/24 - - -
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
18.95 TWD
Average target price
18 TWD
Spread / Average Target
-5.01%
Consensus
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