| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 0/6 |
| Past Performance | 1/6 |
| Financial Health | 6/6 |
| Dividends | 3/6 |
2845 Stock Overview
Far Eastern International Bank Ltd. provides individual and corporate banking services in Taiwan, rest of the Asia Pacific, and internationally.
Far Eastern International Bank Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | NT$11.80 |
| 52 Week High | NT$13.15 |
| 52 Week Low | NT$10.30 |
| Beta | 0.34 |
| 1 Month Change | 6.79% |
| 3 Month Change | 2.17% |
| 1 Year Change | 12.91% |
| 3 Year Change | 2.29% |
| 5 Year Change | 34.62% |
| Change since IPO | 79.61% |
Recent News & Updates
Shareholder Returns
| 2845 | TW Banks | TW Market | |
|---|---|---|---|
| 7D | -0.4% | 1.6% | 3.6% |
| 1Y | 12.9% | 20.2% | -7.8% |
Return vs Industry: 2845 underperformed the TW Banks industry which returned 20.2% over the past year.
Return vs Market: 2845 exceeded the TW Market which returned -7.8% over the past year.
Price Volatility
| 2845 volatility | |
|---|---|
| 2845 Average Weekly Movement | 2.2% |
| Banks Industry Average Movement | 3.0% |
| 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: 2845 is less volatile than 75% of TW stocks over the past 3 months, typically moving +/- 2% a week.
Volatility Over Time: 2845's weekly volatility (2%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1992 | n/a | Thomas Chou | https://www.feib.com.tw |
Far Eastern International Bank Ltd. provides individual and corporate banking services in Taiwan, rest of the Asia Pacific, and internationally. The company provides savings and checking accounts; remittance, foreign exchange, and wealth management and SME financing services; and mutual funds, ETFs, and offshore stock shares and straight bonds.
Far Eastern International Bank Fundamentals Summary
| 2845 fundamental statistics | |
|---|---|
| Market Cap | NT$41.46b |
| Earnings (TTM) | NT$2.80b |
| Revenue (TTM) | NT$9.62b |
14.8x
P/E Ratio0.8x
P/B RatioIs 2845 overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| 2845 income statement (TTM) | |
|---|---|
| Revenue | NT$9.62b |
| Cost of Revenue | NT$0 |
| Gross Profit | NT$9.62b |
| Other Expenses | NT$6.82b |
| Earnings | NT$2.80b |
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.80 |
| Gross Margin | 100.00% |
| Net Profit Margin | 29.10% |
| Debt/Equity Ratio | 129.6% |
How did 2845 perform over the long term?
See historical performance and comparisonDividends
3.6%
Current Dividend Yield54%
Payout RatioValuation
Is 2845 undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
2/6Valuation Score 2/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Analyst Forecast
Key Valuation Metric
Which metric is best to use when looking at relative valuation for 2845?
Other financial metrics that can be useful for relative valuation.
| What is 2845's n/a Ratio? | |
|---|---|
| n/a Ratio | 0x |
| n/a | n/a |
| Market Cap | NT$41.46b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | n/a |
| Enterprise Value/EBITDA | n/a |
| PEG Ratio | n/a |
Price to Earnings Ratio vs Peers
How does 2845's PE Ratio compare to its peers?
| 2845 PE Ratio vs Peers |
|---|
| Company | PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 14.3x | ||
2849 EnTie Commercial Bank | 11.7x | n/a | NT$28.7b |
2838 Union Bank of Taiwan | 14.6x | n/a | NT$52.7b |
2812 Taichung Commercial Bank | 12.5x | n/a | NT$64.1b |
2809 King's Town Bank | 18.8x | 56.8% | NT$40.3b |
2845 Far Eastern International Bank | 14.8x | n/a | NT$41.5b |
Price-To-Earnings vs Peers: 2845 is expensive based on its Price-To-Earnings Ratio (14.8x) compared to the peer average (14.4x).
Price to Earnings Ratio vs Industry
How does 2845's PE Ratio compare vs other companies in the Asian Banks Industry?
Price-To-Earnings vs Industry: 2845 is good value based on its Price-To-Earnings Ratio (14.8x) compared to the TW Banks industry average (16.6x)
Price to Earnings Ratio vs Fair Ratio
What is 2845'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.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 14.8x |
| Fair PE Ratio | n/a |
Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 2845's Price-To-Earnings Fair Ratio for valuation analysis.
Share Price vs Fair Value
What is the Fair Price of 2845 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: 2845 (NT$11.8) is trading below our estimate of fair value (NT$13.46)
Significantly Below Fair Value: 2845 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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Future Growth
How is Far Eastern International Bank forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Future Growth Score
0/6Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
15.6%
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 Far Eastern International 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 Far Eastern International Bank's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
Past Performance
How has Far Eastern International Bank performed over the past 5 years?
Past Performance Score
1/6Past Performance Score 1/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
-3.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 2845 has a high level of non-cash earnings.
Growing Profit Margin: 2845's current net profit margins (29.1%) are higher than last year (28.3%).
Past Earnings Growth Analysis
Earnings Trend: 2845's earnings have declined by 3.7% per year over the past 5 years.
Accelerating Growth: 2845's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 2845 had negative earnings growth (-4.7%) over the past year, making it difficult to compare to the Banks industry average (10.7%).
Return on Equity
High ROE: 2845's Return on Equity (5.6%) is considered low.
Discover strong past performing companies
Financial Health
How is Far Eastern International Bank's financial position? (This company is analysed differently as a bank or financial institution)
Financial Health Score
6/6Financial Health Score 6/6
Asset Level
Allowance for Bad Loans
Low Risk Liabilities
Loan Level
Low Risk Deposits
Level of Bad Loans
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Financial Institutions Analysis
Asset Level: 2845's Assets to Equity ratio (14.7x) is moderate.
Allowance for Bad Loans: 2845 has a sufficient allowance for bad loans (587%).
Low Risk Liabilities: 90% of 2845's liabilities are made up of primarily low risk sources of funding.
Loan Level: 2845 has an appropriate level of Loans to Assets ratio (61%).
Low Risk Deposits: 2845's Loans to Deposits ratio (73%) is appropriate.
Level of Bad Loans: 2845 has an appropriate level of bad loans (0.2%).
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Dividend
What is Far Eastern International Bank current dividend yield, its reliability and sustainability?
Dividend Score
3/6Dividend Score 3/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage
3.64%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 2845's dividend (3.64%) is higher than the bottom 25% of dividend payers in the TW market (2.46%).
High Dividend: 2845's dividend (3.64%) is low compared to the top 25% of dividend payers in the TW market (6.44%).
Stability and Growth of Payments
Stable Dividend: 2845's dividend payments have been volatile in the past 10 years.
Growing Dividend: 2845's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (53.9%), 2845'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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Management
How experienced are the management team and are they aligned to shareholders interests?
19.3yrs
Average board tenure
CEO
Thomas Chou (71 yo)
6yrs
Tenure
Mr. Thomas Chou has been President of Far Eastern International Bank Ltd. since August 08, 2016. He has been President of FEIB at The Far Eastern Group since August 2016.Mr. Chou served as the Chief Execu...
Board Members
Experienced Board: 2845's board of directors are seasoned and experienced ( 19.3 years average tenure).
Ownership
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.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Far Eastern International Bank Ltd.'s employee growth, exchange listings and data sources
Key Information
- Name: Far Eastern International Bank Ltd.
- Ticker: 2845
- Exchange: TWSE
- Founded: 1992
- Industry: Diversified Banks
- Sector: Banks
- Implied Market Cap: NT$41.465b
- Shares outstanding: 3.51b
- Website: https://www.feib.com.tw
Number of Employees
Location
- Far Eastern International Bank Ltd.
- No. 207, Dunhua South Road
- 27th Floor
- Taipei
- 106
- Taiwan
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/08/18 00:00 |
| End of Day Share Price | 2022/08/18 00:00 |
| Earnings | 2022/03/31 |
| Annual Earnings | 2021/12/31 |
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.