Fubon Financial Holding Co., Ltd. provides various financial services in Taiwan and internationally.
Undervalued with proven track record and pays a dividend.
Share Price & News
How has Fubon Financial Holding's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 2881 has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: 2881 matched the TW Insurance industry which returned 0.4% over the past year.
Return vs Market: 2881 underperformed the TW Market which returned 10.4% over the past year.
Price Volatility Vs. Market
How volatile is Fubon Financial Holding's share price compared to the market and industry in the last 5 years?
Simply Wall St News
6 days ago | Simply Wall StFubon Financial Holding Co., Ltd.'s (TPE:2881) Stock Has Shown Weakness Lately But Financial Prospects Look Decent: Is The Market Wrong?
1 month ago | Simply Wall StIf You Had Bought Fubon Financial Holding (TPE:2881) Stock Five Years Ago, You'd Be Sitting On A 36% Loss, Today
2 months ago | Simply Wall StWould Fubon Financial Holding Co., Ltd. (TPE:2881) Be Valuable To Income Investors?
Is Fubon Financial Holding undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 2881 (NT$43.5) is trading below our estimate of fair value (NT$76.82)
Significantly Below Fair Value: 2881 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 2881 is good value based on its PE Ratio (6.7x) compared to the Insurance industry average (7.9x).
PE vs Market: 2881 is good value based on its PE Ratio (6.7x) compared to the TW market (17.9x).
Price to Earnings Growth Ratio
PEG Ratio: 2881 is poor value based on its PEG Ratio (3.4x)
Price to Book Ratio
PB vs Industry: 2881 is good value based on its PB Ratio (0.9x) compared to the TW Insurance industry average (0.9x).
How is Fubon Financial Holding forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 2881's forecast earnings growth (2% per year) is above the savings rate (0.9%).
Earnings vs Market: 2881's earnings (2% per year) are forecast to grow slower than the TW market (15.2% per year).
High Growth Earnings: 2881's earnings are forecast to grow, but not significantly.
Revenue vs Market: 2881's revenue is expected to decline over the next 3 years (-8.3% per year).
High Growth Revenue: 2881's revenue is forecast to decline over the next 3 years (-8.3% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 2881's Return on Equity is forecast to be low in 3 years time (10%).
How has Fubon Financial Holding performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 2881 has high quality earnings.
Growing Profit Margin: 2881's current net profit margins (7.2%) are higher than last year (5.9%).
Past Earnings Growth Analysis
Earnings Trend: 2881's earnings have declined by -3.4% per year over the past 5 years.
Accelerating Growth: 2881's earnings growth over the past year (56.6%) exceeds its 5-year average (-3.4% per year).
Earnings vs Industry: 2881 earnings growth over the past year (56.6%) exceeded the Insurance industry 35.9%.
Return on Equity
High ROE: 2881's Return on Equity (13.6%) is considered low.
How is Fubon Financial Holding's financial position?
Financial Position Analysis
Short Term Liabilities: 2881's short term assets (NT$2,895.4B) exceed its short term liabilities (NT$236.0B).
Long Term Liabilities: 2881's short term assets (NT$2,895.4B) do not cover its long term liabilities (NT$7,820.6B).
Debt to Equity History and Analysis
Debt Level: 2881's debt to equity ratio (88%) is considered high.
Reducing Debt: 2881's debt to equity ratio has reduced from 95.4% to 88% over the past 5 years.
Debt Coverage: 2881's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 2881's interest payments on its debt are well covered by EBIT (3.2x coverage).
What is Fubon Financial Holding's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 2881's dividend (4.6%) is higher than the bottom 25% of dividend payers in the TW market (2.46%).
High Dividend: 2881's dividend (4.6%) is low compared to the top 25% of dividend payers in the TW market (5.48%).
Stability and Growth of Payments
Stable Dividend: 2881's dividend payments have been volatile in the past 10 years.
Growing Dividend: 2881's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (30.9%), 2881's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 2881's dividends in 3 years are forecast to be well covered by earnings (41.6% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Jerry Harn (57yo)
Mr. Wey-Ting Harn, also known as Jerry, serves as the President at Taipei Fubon Commercial Bank Co., Ltd. Mr. Harn serves as President and General Manager of Fubon Financial Holding Co., Ltd. and has been ...
|President||2.83yrs||no data||0.024% NT$105.7m|
|CIO & Director||18.33yrs||no data||0.00038% NT$1.7m|
|Chairman of the Board||4.42yrs||no data||3.48% NT$15.5b|
|Independent Director||6yrs||no data||no data|
|Independent Director||9yrs||no data||no data|
|Chairman of Fubon Asset Management||3.58yrs||no data||no data|
|Chairman of Fubon Securities Investment Services Co Ltd||no data||no data||no data|
|Chairman of Fubon Futures Co Ltd||no data||no data||no data|
|Chairman of Fubon Insurance Co.||no data||no data||no data|
|Chairman of Fubon Huayi Bank||1.42yrs||no data||no data|
Experienced Board: 2881's board of directors are considered experienced (6 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Fubon Financial Holding Co., Ltd.'s company bio, employee growth, exchange listings and data sources
- Name: Fubon Financial Holding Co., Ltd.
- Ticker: 2881
- Exchange: TSEC
- Founded: 1961
- Industry: Life and Health Insurance
- Sector: Insurance
- Market Cap: NT$445.162b
- Shares outstanding: 10.23b
- Website: https://www.fubon.com
Number of Employees
- Fubon Financial Holding Co., Ltd.
- No. 237, Section 1
- Jianguo South Road
- Taipei City
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|FUIZ.F||OTCPK (Pink Sheets LLC)||SPON GDR REG S||US||USD||Apr 1998|
|94382327||BDL (Bourse de Luxembourg)||SPON GDR REG S||LU||USD||Apr 1998|
|94382572||BDL (Bourse de Luxembourg)||SPON GDR 144A||LU||USD||Apr 1998|
|2881||TSEC (Taiwan Stock Exchange)||Yes||Common Shares||TW||TWD||Dec 2001|
|2881A||TSEC (Taiwan Stock Exchange)||TWD10 PREF A||TW||TWD||May 2016|
|2881B||TSEC (Taiwan Stock Exchange)||TWD10 PREF SHS B||TW||TWD||Apr 2018|
Fubon Financial Holding Co., Ltd. provides various financial services in Taiwan and internationally. It operates through Bank Business, Insurance Business, Life Insurance Business, Securities Business, and Others segments. The company primarily offers insurance products, including property, casualty, life, accident, and health insurance products. It also provides retail and consumer, corporate, commercial, and investment banking services; brokerage services; margin lending; securities financing and refinancing, trading, underwriting, and transfer services; and trust, venture capital, investment and financial management, insurance agency, futures, and foreign currency and CNY services. In addition, the company offers marketing management, creditor’s rights management, IT software, investment, asset management, sports, stadium management, and capital management services, as well as invests in and manages real estate properties; and financial bill and credit card services. Fubon Financial Holding Co., Ltd. was founded in 1961 and is based in Taipei City, Taiwan.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/06/06 16:13|
|End of Day Share Price||2020/06/05 00:00|
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.