company background image
2849

EnTie Commercial Bank TWSE:2849 Stock Report

Last Price

NT$14.40

Market Cap

NT$28.2b

7D

0.3%

1Y

-7.1%

Updated

10 Aug, 2022

Data

Company Financials
2849 fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance4/6
Financial Health6/6
Dividends3/6

2849 Stock Overview

EnTie Commercial Bank Co., Ltd. provides banking products and services primarily in Taiwan.

EnTie Commercial Bank Competitors

Price History & Performance

Summary of all time highs, changes and price drops for EnTie Commercial Bank
Historical stock prices
Current Share PriceNT$14.40
52 Week HighNT$17.35
52 Week LowNT$14.10
Beta0.45
1 Month Change-5.57%
3 Month Change-4.95%
1 Year Change-7.10%
3 Year Change2.13%
5 Year Change14.29%
Change since IPO-21.17%

Recent News & Updates

Shareholder Returns

2849TW BanksTW Market
7D0.3%3.1%2.4%
1Y-7.1%15.1%-12.5%

Return vs Industry: 2849 underperformed the TW Banks industry which returned 15.1% over the past year.

Return vs Market: 2849 exceeded the TW Market which returned -12.5% over the past year.

Price Volatility

Is 2849's price volatile compared to industry and market?
2849 volatility
2849 Average Weekly Movement2.7%
Banks Industry Average Movement3.2%
Market Average Movement5.1%
10% most volatile stocks in TW Market8.4%
10% least volatile stocks in TW Market2.5%

Stable Share Price: 2849 is less volatile than 75% of TW stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: 2849's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19921,508Jeff Changhttps://www.entiebank.com.tw

EnTie Commercial Bank Co., Ltd. provides banking products and services primarily in Taiwan. The company operates through three segments: Retail Banking, Corporate Banking, and Operating Management. It offers checking accounts, demand deposits, savings accounts, time deposits, and negotiable certificates of deposit; and loans, such as corporate, mortgage, and personal loans, as well as provides overdrafts and credit cards.

EnTie Commercial Bank Fundamentals Summary

How do EnTie Commercial Bank's earnings and revenue compare to its market cap?
2849 fundamental statistics
Market CapNT$28.19b
Earnings (TTM)NT$2.44b
Revenue (TTM)NT$5.68b

11.5x

P/E Ratio

0.8x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
2849 income statement (TTM)
RevenueNT$5.68b
Cost of RevenueNT$0
Gross ProfitNT$5.68b
Other ExpensesNT$3.24b
EarningsNT$2.44b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)1.25
Gross Margin100.00%
Net Profit Margin43.01%
Debt/Equity Ratio24.0%

How did 2849 perform over the long term?

See historical performance and comparison

Dividends

5.1%

Current Dividend Yield

59%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is 2849 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • 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 2849?

Other financial metrics that can be useful for relative valuation.

2849 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 2849's PE Ratio compare to its peers?

2849 PE Ratio vs Peers
The above table shows the PE ratio for 2849 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average13.3x
2897 O-Bank
12.3xn/aNT$22.5b
2845 Far Eastern International Bank
14.6xn/aNT$41.1b
2838 Union Bank of Taiwan
13.4xn/aNT$47.9b
2812 Taichung Commercial Bank
13xn/aNT$63.6b
2849 EnTie Commercial Bank
11.5xn/aNT$28.2b

Price-To-Earnings vs Peers: 2849 is good value based on its Price-To-Earnings Ratio (11.5x) compared to the peer average (13.3x).


Price to Earnings Ratio vs Industry

How does 2849's PE Ratio compare vs other companies in the Asian Banks Industry?

Price-To-Earnings vs Industry: 2849 is good value based on its Price-To-Earnings Ratio (11.5x) compared to the TW Banks industry average (14.9x)


Price to Earnings Ratio vs Fair Ratio

What is 2849'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.

2849 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio11.5x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 2849's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of 2849 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 2849 (NT$14.4) is trading below our estimate of fair value (NT$18.78)

Significantly Below Fair Value: 2849 is trading below fair value by more than 20%.


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 EnTie Commercial Bank forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

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


14.9%

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 EnTie 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.


Discover growth companies

  • Examine whether EnTie 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.

Past Performance

How has EnTie Commercial Bank performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


5.0%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 2849 has a high level of non-cash earnings.

Growing Profit Margin: 2849's current net profit margins (43%) are higher than last year (39.2%).


Past Earnings Growth Analysis

Earnings Trend: 2849's earnings have grown by 5% per year over the past 5 years.

Accelerating Growth: 2849's earnings growth over the past year (20.3%) exceeds its 5-year average (5% per year).

Earnings vs Industry: 2849 earnings growth over the past year (20.3%) exceeded the Banks industry 10.7%.


Return on Equity

High ROE: 2849's Return on Equity (7%) is considered low.


Discover strong past performing companies

Financial Health

How is EnTie Commercial 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: 2849's Assets to Equity ratio (9.7x) is low.

Allowance for Bad Loans: 2849 has a sufficient allowance for bad loans (318%).

Low Risk Liabilities: 96% of 2849's liabilities are made up of primarily low risk sources of funding.

Loan Level: 2849 has an appropriate level of Loans to Assets ratio (64%).

Low Risk Deposits: 2849's Loans to Deposits ratio (75%) is appropriate.

Level of Bad Loans: 2849 has an appropriate level of bad loans (0.7%).


Discover healthy companies

Dividend

What is EnTie Commercial 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


5.07%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 2849's dividend (5.07%) is higher than the bottom 25% of dividend payers in the TW market (2.53%).

High Dividend: 2849's dividend (5.07%) is low compared to the top 25% of dividend payers in the TW market (6.62%).


Stability and Growth of Payments

Stable Dividend: 2849's dividend payments have been volatile in the past 10 years.

Growing Dividend: 2849's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (58.5%), 2849'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?

3.0yrs

Average management tenure


CEO

Jeff Chang

no data

Tenure

Mr. Jeff Chang served as Acting President at EnTie Commercial Bank Co. Ltd. until March 18, 2021 and served its Chief Credit Officer and serves as its President since March 18, 2021. He served as Executive...


Leadership Team

Experienced Management: 2849's management team is considered experienced (3 years average tenure).


Board Members

Experienced Board: 2849's board of directors are considered experienced (7.1 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

EnTie Commercial Bank Co., Ltd.'s employee growth, exchange listings and data sources


Key Information

  • Name: EnTie Commercial Bank Co., Ltd.
  • Ticker: 2849
  • Exchange: TWSE
  • Founded: 1992
  • Industry: Diversified Banks
  • Sector: Banks
  • Implied Market Cap: NT$28.190b
  • Shares outstanding: 1.96b
  • Website: https://www.entiebank.com.tw

Number of Employees


Location

  • EnTie Commercial Bank Co., Ltd.
  • 101 Tower
  • 40th Floor
  • Taipei
  • 11049
  • Taiwan

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/10 00:00
End of Day Share Price2022/08/10 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.