CTBC Financial Holding Co., Ltd. engages in the banking, bills financing, credit card, trust, securities, futures, asset management, and other financial related business investment activities.
Solid track record, good value and pays a dividend.
Share Price & News
How has CTBC Financial Holding's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 2891 has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: 2891 matched the TW Banks industry which returned -1.4% over the past year.
Return vs Market: 2891 underperformed the TW Market which returned 8.2% over the past year.
Price Volatility Vs. Market
How volatile is CTBC Financial Holding's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall StHow Much Of CTBC Financial Holding Co., Ltd. (TPE:2891) Do Institutions Own?
2 months ago | Simply Wall StIf You Had Bought CTBC Financial Holding (TPE:2891) Stock Five Years Ago, You Could Pocket A 22% Gain Today
Is CTBC Financial Holding undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 2891 (NT$20.65) is trading below our estimate of fair value (NT$34.26)
Significantly Below Fair Value: 2891 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 2891 is good value based on its PE Ratio (9.3x) compared to the Banks industry average (13.6x).
PE vs Market: 2891 is good value based on its PE Ratio (9.3x) compared to the TW market (17.7x).
Price to Earnings Growth Ratio
PEG Ratio: 2891 is poor value based on its PEG Ratio (1.1x)
Price to Book Ratio
PB vs Industry: 2891 is overvalued based on its PB Ratio (1.2x) compared to the TW Banks industry average (1x).
How is CTBC Financial Holding forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 2891's forecast earnings growth (8.2% per year) is above the savings rate (0.9%).
Earnings vs Market: 2891's earnings (8.2% per year) are forecast to grow slower than the TW market (15.4% per year).
High Growth Earnings: 2891's earnings are forecast to grow, but not significantly.
Revenue vs Market: 2891's revenue is expected to decline over the next 3 years (-10.4% per year).
High Growth Revenue: 2891's revenue is forecast to decline over the next 3 years (-10.4% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 2891's Return on Equity is forecast to be low in 3 years time (11.7%).
How has CTBC Financial Holding performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 2891 has high quality earnings.
Growing Profit Margin: 2891's current net profit margins (10.4%) are higher than last year (8.8%).
Past Earnings Growth Analysis
Earnings Trend: 2891's earnings have grown by 5.2% per year over the past 5 years.
Accelerating Growth: 2891's earnings growth over the past year (24%) exceeds its 5-year average (5.2% per year).
Earnings vs Industry: 2891 earnings growth over the past year (24%) exceeded the Banks industry -3.8%.
Return on Equity
High ROE: 2891's Return on Equity (12.9%) is considered low.
How is CTBC Financial Holding's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Financial Institutions Analysis
Asset Level: 2891's Assets to Equity ratio (18.6x) is moderate.
Allowance for Bad Loans: Insufficient data to determine if 2891 has a sufficient allowance for bad loans.
Low Risk Liabilities: 2891 reports no customer deposits, 100% of its liabilities are made up of higher risk sources of funding.
Loan Level: Insufficient data to determine if 2891 has an appropriate level of Loans to Assets ratio.
Low Risk Deposits: 2891 reports no customer deposits, loans are made up entirely of externally borrowed funds.
Level of Bad Loans: Insufficient data to determine if 2891 has an appropriate level of bad loans.
What is CTBC Financial Holding's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 2891's dividend (4.84%) is higher than the bottom 25% of dividend payers in the TW market (2.51%).
High Dividend: 2891's dividend (4.84%) is low compared to the top 25% of dividend payers in the TW market (5.56%).
Stability and Growth of Payments
Stable Dividend: 2891's dividend payments have been volatile in the past 10 years.
Growing Dividend: 2891's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (45.2%), 2891's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 2891's dividends in 3 years are forecast to be well covered by earnings (47.5% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. I. Kwei Wu, also known as Daniel, serves as the Chief Strategic Officer of Taishin Holdings. Mr. Wu served as Senior Executive Vice President at CTBC Bank Co., Ltd. He has been the President of CTBC Fi ...
|President||10.25yrs||no data||0.050% NT$203.3m|
|Financial Officer & Head of Financial Management Department||3.42yrs||no data||0.0050% NT$20.2m|
|Executive Vice President and Director of Planning & Operation Division||no data||no data||no data|
|Chief Investment Officer||4.75yrs||no data||0.0067% NT$26.9m|
|Accounting Officer||11.92yrs||no data||0.0020% NT$8.0m|
|CTO & Head of Financial Technology Department||2.17yrs||no data||no data|
|Chief Administration Officer||3.42yrs||no data||no data|
|Head of Investor Relations Department||3.42yrs||no data||no data|
|General Counsel||0.42yr||no data||no data|
|Chief Compliance Officer||4.42yrs||no data||no data|
Experienced Management: 2891's management team is considered experienced (3.4 years average tenure).
|Chairman of the Board||3.5yrs||no data||0.41% NT$1.7b|
|Director||6yrs||no data||0.0086% NT$34.6m|
|Vice Chairman||0.75yr||no data||0.0014% NT$5.7m|
|Independent Director||3.5yrs||no data||0.00069% NT$2.8m|
|Independent Director||1yr||no data||0.00011% NT$442.9k|
|Independent Director||1yr||no data||no data|
|Independent Director||1yr||no data||no data|
Experienced Board: 2891's board of directors are not considered experienced ( 1 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
CTBC Financial Holding Co., Ltd.'s company bio, employee growth, exchange listings and data sources
- Name: CTBC Financial Holding Co., Ltd.
- Ticker: 2891
- Exchange: TSEC
- Founded: 2002
- Industry: Diversified Banks
- Sector: Banks
- Market Cap: NT$402.613b
- Shares outstanding: 19.50b
- Website: https://www.ctbcholding.com
Number of Employees
- CTBC Financial Holding Co., Ltd.
- No. 168, Jingmao 2nd Road
- 27 and 29 Floors
- Taipei City
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|2891||TSEC (Taiwan Stock Exchange)||Yes||Common Shares||TW||TWD||May 2002|
|2891B||TSEC (Taiwan Stock Exchange)||PREF SHS||TW||TWD||Jan 2018|
|2891C||TSEC (Taiwan Stock Exchange)||PREF SHS||TW||TWD||May 2019|
CTBC Financial Holding Co., Ltd. engages in the banking, bills financing, credit card, trust, securities, futures, asset management, and other financial related business investment activities. The company offers loans, guarantees, foreign exchange, bonds, proprietary trading, safe deposit boxes, derivatives, factoring, online banking, and lottery services; installment, leasing, and account receivable services; and transaction financing, cash management, fiduciary and agent, international trade financing, syndication lending, structured finance, and financial advisory services. It also provides life, health, annuity, group, and investment insurance products; and property insurance products, including fire, marine, miscellaneous casualty, voluntary auto, and personal accident insurances. In addition, the company offers securities and futures related services, as well as publicly-traded securities and investment opportunities in emerging stocks and futures trading; and asset-backed security services. Further, it is involved in the venture capital business investing in information technology, communications, biotechnology, health care, cultural, creative, and alternative energy industries, as well as companies in traditional industries; debt and mortgage management business; and overseas, international, and payment business. Additionally, the company provides securities investment trust, consulting, foreign financial institutions, discretionary investment, and offshore fund master agent services, as well as security services to corporate entities. It operates approximately 152 branches in Taiwan; and 116 overseas branches in the United States, Japan, Canada, the Philippines, Indonesia, Vietnam, India, and Singapore. The company was formerly known as ChinaTrust Financial Holding Co., Ltd. and changed its name to CTBC Financial Holding Co., Ltd. in June 2013. CTBC Financial Holding Co., Ltd. was founded in 2002 and is headquartered in Taipei City, Taiwan.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/06/04 15:45|
|End of Day Share Price||2020/06/04 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.