2812 Stock Overview
Taichung Commercial Bank Co., Ltd. provides various banking products and services in Taiwan.
Taichung Commercial Bank Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||NT$13.70|
|52 Week High||NT$15.43|
|52 Week Low||NT$10.75|
|1 Month Change||6.95%|
|3 Month Change||6.56%|
|1 Year Change||25.27%|
|3 Year Change||34.71%|
|5 Year Change||79.50%|
|Change since IPO||-78.42%|
Recent News & Updates
|2812||TW Banks||TW Market|
Return vs Industry: 2812 exceeded the TW Banks industry which returned 16% over the past year.
Return vs Market: 2812 exceeded the TW Market which returned -13.2% over the past year.
|2812 Average Weekly Movement||2.4%|
|Banks Industry Average Movement||3.2%|
|Market Average Movement||5.1%|
|10% most volatile stocks in TW Market||8.4%|
|10% least volatile stocks in TW Market||2.5%|
Stable Share Price: 2812 is less volatile than 75% of TW stocks over the past 3 months, typically moving +/- 2% a week.
Volatility Over Time: 2812's weekly volatility (2%) has been stable over the past year.
About the Company
Taichung Commercial Bank Co., Ltd. provides various banking products and services in Taiwan. The company offers various deposit products, such as savings account and time deposit accounts, foreign currency demand deposits, cash, and travel checks and remittance; corporate finance services, which include corporate loans, letter of credit, collections, and factoring and forfaiting, as well as account information, deposits, payments, accounts receivable financing, hedging strategies, financial instruments, and consultation services; and personal mortgage loans comprising house mortgage, house renovations, children's education funds, business start-up capital, investments, and financial management services. It also provides financial advice, asset allocation, consultation service, and trust planning, as well as family and retirement services; credit cards; and online and mobile banking, and mobile payment services.
Taichung Commercial Bank Fundamentals Summary
|2812 fundamental statistics|
Is 2812 overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|2812 income statement (TTM)|
|Cost of Revenue||NT$0|
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
|Earnings per share (EPS)||1.04|
|Net Profit Margin||39.21%|
How did 2812 perform over the long term?See historical performance and comparison
1.7%Current Dividend Yield
Is 2812 undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 3/6
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 2812?
Other financial metrics that can be useful for relative valuation.
|What is 2812's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does 2812's PE Ratio compare to its peers?
|2812 PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
2838 Union Bank of Taiwan
2834 Taiwan Business Bank
2845 Far Eastern International Bank
2849 EnTie Commercial Bank
2812 Taichung Commercial Bank
Price-To-Earnings vs Peers: 2812 is good value based on its Price-To-Earnings Ratio (13.2x) compared to the peer average (14x).
Price to Earnings Ratio vs Industry
How does 2812's PE Ratio compare vs other companies in the Asian Banks Industry?
Price-To-Earnings vs Industry: 2812 is good value based on its Price-To-Earnings Ratio (13.2x) compared to the TW Banks industry average (15.1x)
Price to Earnings Ratio vs Fair Ratio
What is 2812'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||13.2x|
|Fair PE Ratio||n/a|
Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 2812's Price-To-Earnings Fair Ratio for valuation analysis.
Share Price vs Fair Value
What is the Fair Price of 2812 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: 2812 (NT$13.7) is trading below our estimate of fair value (NT$16.28)
Significantly Below Fair Value: 2812 is trading below fair value, but not by a significant amount.
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.
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How is Taichung Commercial Bank forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Future Growth Score0/6
Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted Banks industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Taichung Commercial Bank has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
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- Examine whether Taichung Commercial Bank is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
How has Taichung Commercial Bank performed over the past 5 years?
Past Performance Score4/6
Past Performance Score 4/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 2812 has a high level of non-cash earnings.
Growing Profit Margin: 2812's current net profit margins (39.2%) are higher than last year (37.2%).
Past Earnings Growth Analysis
Earnings Trend: 2812's earnings have grown by 5.5% per year over the past 5 years.
Accelerating Growth: 2812's earnings growth over the past year (15.6%) exceeds its 5-year average (5.5% per year).
Earnings vs Industry: 2812 earnings growth over the past year (15.6%) exceeded the Banks industry 10.7%.
Return on Equity
High ROE: 2812's Return on Equity (7.7%) is considered low.
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How is Taichung Commercial 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: 2812's Assets to Equity ratio (12.1x) is moderate.
Allowance for Bad Loans: 2812 has a sufficient allowance for bad loans (903%).
Low Risk Liabilities: 94% of 2812's liabilities are made up of primarily low risk sources of funding.
Loan Level: 2812 has an appropriate level of Loans to Assets ratio (64%).
Low Risk Deposits: 2812's Loans to Deposits ratio (74%) is appropriate.
Level of Bad Loans: 2812 has an appropriate level of bad loans (0.2%).
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What is Taichung Commercial Bank current dividend yield, its reliability and sustainability?
Dividend Score 1/6
Future Dividend Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 2812's dividend (1.74%) isn’t notable compared to the bottom 25% of dividend payers in the TW market (2.53%).
High Dividend: 2812's dividend (1.74%) is low compared to the top 25% of dividend payers in the TW market (6.58%).
Stability and Growth of Payments
Stable Dividend: 2812 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 2812's dividend payments have increased, but the company has only paid a dividend for 9 years.
Current Payout to Shareholders
Earnings Coverage: With its low payout ratio (22.2%), 2812's dividend payments are well 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. Te-Wei Chia serves as President and Director at Taichung Commercial Bank Company, Ltd since July 5, 2017 and since June 7, 2017 respectively. Mr. Chia served as Manager of Corporate Finance Department...
Experienced Management: 2812's management team is seasoned and experienced (5.2 years average tenure).
Experienced Board: 2812's board of directors are considered experienced (5.2 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 been diluted in the past year, with total shares outstanding growing by 4.6%.
Taichung Commercial Bank Co., Ltd.'s employee growth, exchange listings and data sources
- Name: Taichung Commercial Bank Co., Ltd.
- Ticker: 2812
- Exchange: TWSE
- Founded: 1952
- Industry: Diversified Banks
- Sector: Banks
- Implied Market Cap: NT$64.334b
- Shares outstanding: 4.77b
- Website: https://www.tcbbank.com.tw
- Taichung Commercial Bank Co., Ltd.
- No. 87, Min Chuan Road
- 1st Floor
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/08/11 00:00|
|End of Day Share Price||2022/08/11 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.