2838A Stock Overview

Provides various banking products and services. More details

2838A fundamental analysis
Snowflake Score
Valuation	0/6
Future Growth	0/6
Past Performance	5/6
Financial Health	6/6
Dividends	3/6

Rewards

Price-To-Earnings ratio (15.2x) is below the TW market (19x)

Earnings grew by 15.8% over the past year

Risk Analysis

Unstable dividend track record

Community vs My Fair Value

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Union Bank of Taiwan Competitors

Far Eastern International Bank

TWSE:2845

NT$55.8b

Taichung Commercial Bank

TWSE:2812

NT$112.6b

King's Town Bank

TWSE:2809

NT$55.5b

Taiwan Business Bank

TWSE:2834

NT$133.9b

Price History & Performance

Summary of share price highs, lows and changes for Union Bank of Taiwan
Historical stock prices
Current Share Price	NT$54.40
52 Week High	NT$54.80
52 Week Low	NT$51.10
Beta	0.28
1 Month Change	0.93%
3 Month Change	1.68%
1 Year Change	1.87%
3 Year Change	2.84%
5 Year Change	0.55%
Change since IPO	7.51%

Recent updates

Shareholder Returns

	2838A	TW Banks	TW Market
7D	0.6%	2.0%	4.4%
1Y	1.9%	3.0%	1.6%

Return vs Industry: 2838A underperformed the TW Banks industry which returned 3% over the past year.

Return vs Market: 2838A matched the TW Market which returned 1.6% over the past year.

Price Volatility

Is 2838A's price volatile compared to industry and market?
2838A volatility
2838A Average Weekly Movement	1.3%
Banks Industry Average Movement	4.7%
Market Average Movement	7.4%
10% most volatile stocks in TW Market	10.2%
10% least volatile stocks in TW Market	4.9%

Stable Share Price: 2838A has not had significant price volatility in the past 3 months compared to the TW market.

Volatility Over Time: 2838A's weekly volatility (1%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1989	n/a	Wei-Wen Hsu	www.ubot.com.tw

Union Bank of Taiwan provides various banking products and services. It operates through Corporate Banking Unit, Consumer Banking Unit, Wealth Management and Trust Unit, Investing Unit, and Leasing Unit segments. The company accepts deposit products; and is involved in various activities, which cover loans, remittances, acceptances, short-term bills transactions, investments, foreign exchange transactions, savings, and trusts, etc. It also provides corporate loans, discount bills and notes, domestic letters of credit and accounts receivable factoring, mortgages, auto loans, personal loans, and other consumer credit; credit card services; and wealth management, trust, custodian business, safe-deposit box rental, and certification services for marketable securities.

Union Bank of Taiwan Fundamentals Summary

How do Union Bank of Taiwan's earnings and revenue compare to its market cap?
2838A fundamental statistics
Market cap	NT$69.66b
Earnings (TTM)	NT$4.58b
Revenue (TTM)	NT$18.20b

15.2x

P/E Ratio

0.9x

P/B Ratio

Is 2838A overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
2838A income statement (TTM)
Revenue	NT$18.20b
Cost of Revenue	NT$193.89m
Gross Profit	NT$18.00b
Other Expenses	NT$13.43b
Earnings	NT$4.58b

Last Reported Earnings

Mar 31, 2025

Next Earnings Date

n/a

Earnings per share (EPS)	1.13
Gross Margin	98.93%
Net Profit Margin	25.15%
Debt/Equity Ratio	103.0%

How did 2838A perform over the long term?

See historical performance and comparison

Dividends

2.0%

Current Dividend Yield

31%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/05/17 21:31
End of Day Share Price	2025/05/16 00:00
Earnings	2025/03/31
Annual Earnings	2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Union Bank of Taiwan is covered by 1 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Peifan Shih	Polaris Securities Co. Ltd.