Shin Kong Financial Holding Valuation

Q: What is the Fair Price of SHFIN when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

SHFIN ($7) is trading below our estimate of [[fair value]] ($7.68)

Is SHFIN undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

Below Fair Value
Significantly Below Fair Value
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of SHFIN when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: SHFIN ($7) is trading below our estimate of fair value ($7.68)

Significantly Below Fair Value: SHFIN is trading below fair value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for SHFIN?

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for SHFIN. This is calculated by dividing SHFIN's market cap by their current preferred multiple.
What is SHFIN's n/a Ratio?
n/a	0x
n/a	n/a
Market Cap	NT$142.54b

SHFIN key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	0.7x
Enterprise Value/EBITDA	-10.4x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does SHFIN's PS Ratio compare to its peers?

The above table shows the PS ratio for SHFIN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PS	Estimated Growth	Market Cap
Peer Average	0.7x
STB Storebrand	0.6x	-25.6%	kr49.4b
966 China Taiping Insurance Holdings	0.3x	43.4%	HK$33.4b
AEL American Equity Investment Life Holding	1.6x	0.9%	US$4.5b
LNC Lincoln National	0.4x	13.8%	US$5.1b
SHFIN Shin Kong Financial Holding	0.5x	-26.1%	US$142.5b

Price-To-Sales vs Peers: SHFIN is good value based on its Price-To-Sales Ratio (0.5x) compared to the peer average (0.7x).

Price to Earnings Ratio vs Industry

How does SHFIN's PE Ratio compare vs other companies in the European Insurance Industry?

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	0%
	n/a	n/a	n/a

Fetching data

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	0%
	n/a	n/a	n/a

No more companies

Price-To-Sales vs Industry: SHFIN is good value based on its Price-To-Sales Ratio (0.5x) compared to the European Insurance industry average (1x).

Price to Sales Ratio vs Fair Ratio

What is SHFIN's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

SHFIN PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.5x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate SHFIN's Price-To-Sales Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.