2809 Stock Overview
King's Town Bank Co., Ltd., together with its subsidiaries, provides various personal and corporate banking products and services in Taiwan.
King's Town Bank Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||NT$34.35|
|52 Week High||NT$44.60|
|52 Week Low||NT$34.35|
|1 Month Change||-4.32%|
|3 Month Change||-14.87%|
|1 Year Change||-12.82%|
|3 Year Change||0.44%|
|5 Year Change||9.57%|
|Change since IPO||-56.16%|
Recent News & Updates
|2809||TW Banks||TW Market|
Return vs Industry: 2809 underperformed the TW Banks industry which returned 16.6% over the past year.
Return vs Market: 2809 exceeded the TW Market which returned -16% over the past year.
|2809 Average Weekly Movement||2.7%|
|Banks Industry Average Movement||3.4%|
|Market Average Movement||4.8%|
|10% most volatile stocks in TW Market||8.3%|
|10% least volatile stocks in TW Market||2.3%|
Stable Share Price: 2809 is less volatile than 75% of TW stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: 2809's weekly volatility (3%) has been stable over the past year.
About the Company
King's Town Bank Co., Ltd., together with its subsidiaries, provides various personal and corporate banking products and services in Taiwan. It accepts various deposit accounts, such as check, savings, time, and demand deposits, as well as offers domestic and foreign exchange services. The company also provides corporate financing services, including loans, bills discounting, and issuance of domestic and foreign letters of credit and domestic and foreign guarantee; and handles investment businesses, draft acceptance, collections, advances, depository, and agency services, as well as issues financial bonds and operates other business chartered by the government.
King's Town Bank Fundamentals Summary
|2809 fundamental statistics|
Is 2809 overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|2809 income statement (TTM)|
|Cost of Revenue||NT$0|
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
|Earnings per share (EPS)||2.89|
|Net Profit Margin||56.12%|
How did 2809 perform over the long term?See historical performance and comparison
6.1%Current Dividend Yield
Is 2809 undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 6/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for 2809?
Other financial metrics that can be useful for relative valuation.
|What is 2809's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does 2809's PE Ratio compare to its peers?
|2809 PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
2838 Union Bank of Taiwan
2845 Far Eastern International Bank
2849 EnTie Commercial Bank
2812 Taichung Commercial Bank
2809 King's Town Bank
Price-To-Earnings vs Peers: 2809 is good value based on its Price-To-Earnings Ratio (11.9x) compared to the peer average (13.2x).
Price to Earnings Ratio vs Industry
How does 2809's PE Ratio compare vs other companies in the Asian Banks Industry?
Price-To-Earnings vs Industry: 2809 is good value based on its Price-To-Earnings Ratio (11.9x) compared to the TW Banks industry average (14.6x)
Price to Earnings Ratio vs Fair Ratio
What is 2809's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||11.9x|
|Fair PE Ratio||21x|
Price-To-Earnings vs Fair Ratio: 2809 is good value based on its Price-To-Earnings Ratio (11.9x) compared to the estimated Fair Price-To-Earnings Ratio (21x).
Share Price vs Fair Value
What is the Fair Price of 2809 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: 2809 (NT$34.35) is trading below our estimate of fair value (NT$70.86)
Significantly Below Fair Value: 2809 is trading below fair value by more than 20%.
Price to Earnings Growth Ratio
PEG Ratio: 2809 is good value based on its PEG Ratio (0.3x)
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How is King's Town Bank forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Future Growth Score5/6
Future Growth Score 5/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 2809's forecast earnings growth (35.1% per year) is above the savings rate (0.7%).
Earnings vs Market: 2809's earnings (35.1% per year) are forecast to grow faster than the TW market (7% per year).
High Growth Earnings: 2809's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: 2809's revenue (33.8% per year) is forecast to grow faster than the TW market (7.6% per year).
High Growth Revenue: 2809's revenue (33.8% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if 2809's Return on Equity is forecast to be high in 3 years time
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How has King's Town Bank performed over the past 5 years?
Past Performance Score1/6
Past Performance Score 1/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 2809 has a high level of non-cash earnings.
Growing Profit Margin: 2809's current net profit margins (56.1%) are lower than last year (69.8%).
Past Earnings Growth Analysis
Earnings Trend: 2809's earnings have grown by 3.8% per year over the past 5 years.
Accelerating Growth: 2809's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 2809 had negative earnings growth (-53.8%) over the past year, making it difficult to compare to the Banks industry average (10.7%).
Return on Equity
High ROE: 2809's Return on Equity (6.9%) is considered low.
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How is King's Town Bank's financial position? (This company is analysed differently as a bank or financial institution)
Financial Health Score6/6
Financial Health Score 6/6
Allowance for Bad Loans
Low Risk Liabilities
Low Risk Deposits
Level of Bad Loans
Financial Position Analysis
Debt to Equity History and Analysis
Financial Institutions Analysis
Asset Level: 2809's Assets to Equity ratio (7.4x) is low.
Allowance for Bad Loans: 2809 has a sufficient allowance for bad loans (7283%).
Low Risk Liabilities: 85% of 2809's liabilities are made up of primarily low risk sources of funding.
Loan Level: 2809 has an appropriate level of Loans to Assets ratio (61%).
Low Risk Deposits: 2809's Loans to Deposits ratio (84%) is appropriate.
Level of Bad Loans: 2809 has an appropriate level of bad loans (0%).
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What is King's Town Bank current dividend yield, its reliability and sustainability?
Dividend Score 2/6
Future Dividend Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 2809's dividend (6.11%) is higher than the bottom 25% of dividend payers in the TW market (2.64%).
High Dividend: 2809's dividend (6.11%) is low compared to the top 25% of dividend payers in the TW market (6.47%).
Stability and Growth of Payments
Stable Dividend: 2809 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 2809's dividend payments have increased, but the company has only paid a dividend for 9 years.
Current Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (72.6%), 2809's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years or that it will be covered by earnings.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. Jih-Cheng Chang has been President at King's Town Bank Co., Ltd. since December 26, 2017 and served as General Manager since December 26, 2017 until February 2022. He holds Graduate Institute of Indust...
CEO Compensation Analysis
Compensation vs Market: Jih-Cheng's total compensation ($USD408.09K) is below average for companies of similar size in the TW market ($USD598.61K).
Compensation vs Earnings: Jih-Cheng's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Experienced Management: 2809's management team is considered experienced (3.5 years average tenure).
Experienced Board: 2809's board of directors are considered experienced (3.6 years average tenure).
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.
King's Town Bank's employee growth, exchange listings and data sources
- Name: King's Town Bank
- Ticker: 2809
- Exchange: TWSE
- Founded: 1948
- Industry: Diversified Banks
- Sector: Banks
- Implied Market Cap: NT$38.514b
- Shares outstanding: 1.12b
- Website: https://customer.ktb.com.tw
Number of Employees
- King's Town Bank
- No. 506 Ximen Road
- Section 1
- Tainan City
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/07/01 00:00|
|End of Day Share Price||2022/07/01 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.