Taishin Financial Holding Co., Ltd.

TWSE:2887 Stock Report

Market Cap: NT$244.2b

Taishin Financial Holding Valuation

Is 2887 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • 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 2887 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 2887 (NT$17.35) is trading below our estimate of fair value (NT$23.34)

Significantly Below Fair Value: 2887 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 2887?

Key metric: As 2887 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 2887. This is calculated by dividing 2887's market cap by their current earnings.
What is 2887's PE Ratio?
PE Ratio17.1x
EarningsNT$14.32b
Market CapNT$244.22b

Price to Earnings Ratio vs Peers

How does 2887's PE Ratio compare to its peers?

The above table shows the PE ratio for 2887 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average15x
2801 Chang Hwa Commercial Bank
14.2xn/aNT$198.9b
2890 SinoPac Financial Holdings
12.8x1.1%NT$288.2b
2880 Hua Nan Financial Holdings
15.7x1.4%NT$351.4b
5876 Shanghai Commercial & Savings Bank
17.4x21.7%NT$183.6b
2887 Taishin Financial Holding
17.1x8.5%NT$244.2b

Price-To-Earnings vs Peers: 2887 is expensive based on its Price-To-Earnings Ratio (17.1x) compared to the peer average (15x).

Price to Earnings Ratio vs Industry

How does 2887's PE Ratio compare vs other companies in the Asian Banks Industry?

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
2887 17.1xIndustry Avg. 8.5xNo. of Companies79PE0612182430+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 2887 is expensive based on its Price-To-Earnings Ratio (17.1x) compared to the Asian Banks industry average (8.5x).

Price to Earnings Ratio vs Fair Ratio

What is 2887'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.

2887 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio17.1x
Fair PE Ratio15.6x

Price-To-Earnings vs Fair Ratio: 2887 is expensive based on its Price-To-Earnings Ratio (17.1x) compared to the estimated Fair Price-To-Earnings Ratio (15.6x).

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 2887 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentNT$17.35
NT$17.50
+0.9%
7.3%NT$18.50NT$15.30n/a4
Nov ’25NT$17.00
NT$18.20
+7.1%
8.0%NT$20.50NT$16.50n/a4
Oct ’25NT$18.40
NT$18.20
-1.1%
8.0%NT$20.50NT$16.50n/a4
Sep ’25NT$18.50
NT$18.20
-1.6%
8.0%NT$20.50NT$16.50n/a4
Aug ’25NT$19.38
NT$17.71
-8.6%
6.0%NT$18.75NT$15.87n/a5
Jul ’25NT$18.13
NT$17.31
-4.5%
8.2%NT$18.75NT$15.38n/a5
Jun ’25NT$17.69
NT$17.12
-3.3%
9.7%NT$18.75NT$14.90n/a5
May ’25NT$17.26
NT$16.69
-3.3%
8.1%NT$18.27NT$14.90n/a5
Apr ’25NT$17.36
NT$16.69
-3.8%
8.1%NT$18.27NT$14.90n/a5
Mar ’25NT$16.68
NT$16.60
-0.5%
8.5%NT$18.27NT$14.90n/a5
Feb ’25NT$16.59
NT$16.71
+0.8%
7.7%NT$18.27NT$14.90n/a5
Jan ’25NT$17.40
NT$17.62
+1.2%
5.7%NT$18.46NT$15.67n/a5
Dec ’24NT$17.31
NT$17.62
+1.8%
5.7%NT$18.46NT$15.67n/a5
Nov ’24NT$16.59
NT$17.36
+4.6%
7.3%NT$18.46NT$15.00NT$17.005
Oct ’24NT$17.21
NT$17.36
+0.8%
7.3%NT$18.46NT$15.00NT$18.405
Sep ’24NT$17.21
NT$17.32
+0.6%
7.2%NT$18.27NT$15.00NT$18.505
Aug ’24NT$17.64
NT$16.84
-4.5%
9.9%NT$18.46NT$13.81NT$19.385
Jul ’24NT$17.44
NT$16.96
-2.8%
8.6%NT$18.46NT$14.40NT$18.135
Jun ’24NT$16.93
NT$16.96
+0.2%
8.6%NT$18.46NT$14.40NT$17.695
May ’24NT$15.96
NT$15.10
-5.4%
4.9%NT$16.24NT$14.40NT$17.265
Apr ’24NT$15.32
NT$15.10
-1.4%
4.9%NT$16.24NT$14.40NT$17.365
Mar ’24NT$15.09
NT$14.60
-3.2%
8.2%NT$16.24NT$12.92NT$16.685
Feb ’24NT$15.00
NT$14.60
-2.6%
8.2%NT$16.24NT$12.92NT$16.595
Jan ’24NT$13.93
NT$14.56
+4.5%
7.9%NT$16.06NT$12.92NT$17.405
Dec ’23NT$13.93
NT$14.56
+4.5%
7.9%NT$16.06NT$12.92NT$17.315
Nov ’23NT$12.50
NT$15.80
+26.4%
5.6%NT$17.06NT$14.40NT$16.595

Analyst Forecast: Target price is less than 20% higher than the current share price.

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