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2845

Far Eastern International Bank TWSE:2845 Stock Report

Last Price

NT$11.80

Market Cap

NT$41.5b

7D

-0.4%

1Y

12.9%

Updated

18 Aug, 2022

Data

Company Financials +
2845 fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance1/6
Financial Health6/6
Dividends3/6

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

Summary of all time highs, changes and price drops for Far Eastern International Bank
Historical stock prices
Current Share PriceNT$11.80
52 Week HighNT$13.15
52 Week LowNT$10.30
Beta0.34
1 Month Change6.79%
3 Month Change2.17%
1 Year Change12.91%
3 Year Change2.29%
5 Year Change34.62%
Change since IPO79.61%

Recent News & Updates

Shareholder Returns

2845TW BanksTW Market
7D-0.4%1.6%3.6%
1Y12.9%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

Is 2845's price volatile compared to industry and market?
2845 volatility
2845 Average Weekly Movement2.2%
Banks Industry Average Movement3.0%
Market Average Movement5.1%
10% most volatile stocks in TW Market8.4%
10% least volatile stocks in TW Market2.5%

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

FoundedEmployeesCEOWebsite
1992n/aThomas Chouhttps://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

How do Far Eastern International Bank's earnings and revenue compare to its market cap?
2845 fundamental statistics
Market CapNT$41.46b
Earnings (TTM)NT$2.80b
Revenue (TTM)NT$9.62b

14.8x

P/E Ratio

0.8x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
2845 income statement (TTM)
RevenueNT$9.62b
Cost of RevenueNT$0
Gross ProfitNT$9.62b
Other ExpensesNT$6.82b
EarningsNT$2.80b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.80
Gross Margin100.00%
Net Profit Margin29.10%
Debt/Equity Ratio129.6%

How did 2845 perform over the long term?

See historical performance and comparison

Dividends

3.6%

Current Dividend Yield

54%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is 2845 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation 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.

2845 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenuen/a
Enterprise Value/EBITDAn/a
PEG Ration/a

Price to Earnings Ratio vs Peers

How does 2845's PE Ratio compare to its peers?

2845 PE Ratio vs Peers
The above table shows the PE ratio for 2845 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average14.3x
2849 EnTie Commercial Bank
11.7xn/aNT$28.7b
2838 Union Bank of Taiwan
14.6xn/aNT$52.7b
2812 Taichung Commercial Bank
12.5xn/aNT$64.1b
2809 King's Town Bank
18.8x56.8%NT$40.3b
2845 Far Eastern International Bank
14.8xn/aNT$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.

2845 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio14.8x
Fair PE Ration/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.


Discover undervalued companies

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

0/6

Future 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.


Discover growth companies

Past Performance

How has Far Eastern International Bank performed over the past 5 years?

Past Performance Score

1/6

Past 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

6/6

Financial 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%).


Discover healthy companies

Dividend

What is Far Eastern International Bank current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend 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.


Discover strong dividend paying companies

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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/18 00:00
End of Day Share Price2022/08/18 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.