Hua Nan Financial Holdings Co., Ltd.

TWSE:2880 Stock Report

Market Cap: NT$330.8b

Hua Nan Financial Holdings Valuation

Is 2880 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 2880 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 2880 (NT$24.25) is trading above our estimate of fair value (NT$18.4)

Significantly Below Fair Value: 2880 is trading above our estimate of fair value.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for 2880?

Other financial metrics that can be useful for relative valuation.

2880 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 Ratio-15.8x

Price to Earnings Ratio vs Peers

How does 2880's PE Ratio compare to its peers?

The above table shows the PE ratio for 2880 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average17.8x
2890 SinoPac Financial Holdings
13.8x-0.8%NT$273.1b
5880 Taiwan Cooperative Financial Holding
22.5xn/aNT$388.3b
2892 First Financial Holding
16.6x-0.4%NT$373.2b
2887 Taishin Financial Holding
18.1x8.0%NT$229.0b
2880 Hua Nan Financial Holdings
15.3x-1.0%NT$330.8b

Price-To-Earnings vs Peers: 2880 is good value based on its Price-To-Earnings Ratio (15.3x) compared to the peer average (17.8x).


Price to Earnings Ratio vs Industry

How does 2880's PE Ratio compare vs other companies in the Asian Banks Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a2.6%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a2.6%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: 2880 is expensive based on its Price-To-Earnings Ratio (15.3x) compared to the Asian Banks industry average (9.2x).


Price to Earnings Ratio vs Fair Ratio

What is 2880'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.

2880 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio15.3x
Fair PE Ratio14.5x

Price-To-Earnings vs Fair Ratio: 2880 is expensive based on its Price-To-Earnings Ratio (15.3x) compared to the estimated Fair Price-To-Earnings Ratio (14.5x).


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 2880 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentNT$24.25
NT$22.10
-8.9%
13.1%NT$25.00NT$19.20n/a2
Apr ’25NT$23.20
NT$22.10
-4.7%
13.1%NT$25.00NT$19.20n/a2
Oct ’24NT$20.50
NT$22.15
+8.0%
12.9%NT$25.00NT$19.30n/a2
Sep ’24NT$20.60
NT$22.15
+7.5%
12.9%NT$25.00NT$19.30n/a2
Aug ’24NT$22.55
NT$22.45
-0.4%
11.4%NT$25.00NT$19.90n/a2
Jul ’24NT$22.20
NT$22.45
+1.1%
11.4%NT$25.00NT$19.90n/a2
Jun ’24NT$22.20
NT$22.45
+1.1%
11.4%NT$25.00NT$19.90n/a2
May ’24NT$21.90
NT$22.45
+2.5%
11.4%NT$25.00NT$19.90NT$23.652
Apr ’24NT$22.35
NT$22.45
+0.4%
11.4%NT$25.00NT$19.90NT$23.202
Mar ’24NT$22.85
NT$22.45
-1.8%
11.4%NT$25.00NT$19.90NT$21.852
Feb ’24NT$22.90
NT$22.45
-2.0%
11.4%NT$25.00NT$19.90NT$21.852
Jan ’24NT$22.45
NT$23.05
+2.7%
8.5%NT$25.00NT$21.10NT$22.352
Dec ’23NT$22.80
NT$23.05
+1.1%
8.5%NT$25.00NT$21.10NT$21.952
Nov ’23NT$21.40
NT$22.83
+6.7%
7.1%NT$25.00NT$21.10NT$20.403
Oct ’23NT$22.25
NT$22.83
+2.6%
7.1%NT$25.00NT$21.10NT$20.503
Sep ’23NT$22.85
NT$22.83
-0.07%
7.1%NT$25.00NT$21.10NT$20.603
Aug ’23NT$22.49
NT$19.92
-11.4%
1.5%NT$20.21NT$19.63NT$22.552
Jul ’23NT$21.66
NT$19.92
-8.0%
1.5%NT$20.21NT$19.63NT$22.202
Jun ’23NT$22.68
NT$19.92
-12.2%
1.5%NT$20.21NT$19.63NT$22.202
May ’23NT$22.97
NT$19.92
-13.3%
1.5%NT$20.21NT$19.63NT$21.902

Analyst Forecast: Target price is lower than the current share price.


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