Fubon Financial Holding Co., Ltd.

TWSE:2881 Stock Report

Market Cap: NT$1.2t

Fubon Financial Holding Valuation

Is 2881 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • 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 2881 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 2881 (NT$92.3) is trading below our estimate of fair value (NT$179.36)

Significantly Below Fair Value: 2881 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 2881?

Other financial metrics that can be useful for relative valuation.

2881 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/Revenue2.3x
Enterprise Value/EBITDA10.2x
PEG Ratio179.4x

Price to Earnings Ratio vs Peers

How does 2881's PE Ratio compare to its peers?

The above table shows the PE ratio for 2881 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average15.2x
2882 Cathay Financial Holding
12x1.9%NT$1.0t
2888 Shin Kong Financial Holding
10.2xn/aNT$198.1b
2883 KGI Financial Holding
12.4x5.1%NT$311.7b
2867 Mercuries Life Insurance
26.3xn/aNT$37.9b
2881 Fubon Financial Holding
12.5x0.07%NT$1.3t

Price-To-Earnings vs Peers: 2881 is good value based on its Price-To-Earnings Ratio (12.5x) compared to the peer average (15.2x).

Price to Earnings Ratio vs Industry

How does 2881's PE Ratio compare vs other companies in the Asian Insurance Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a4.1%
 n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a4.1%
 n/an/an/a
No more companies

Price-To-Earnings vs Industry: 2881 is expensive based on its Price-To-Earnings Ratio (12.5x) compared to the Asian Insurance industry average (10.2x).

Price to Earnings Ratio vs Fair Ratio

What is 2881'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.

2881 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio12.3x
Fair PE Ratio11.9x

Price-To-Earnings vs Fair Ratio: 2881 is expensive based on its Price-To-Earnings Ratio (12.5x) compared to the estimated Fair Price-To-Earnings Ratio (11.9x).

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 2881 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentNT$92.30
NT$92.06
-0.3%
7.9%NT$102.70NT$73.33n/a11
Oct ’25NT$90.70
NT$90.65
-0.06%
8.7%NT$102.70NT$73.33n/a11
Sep ’25NT$87.52
NT$85.78
-2.0%
10.3%NT$95.24NT$72.38n/a12
Aug ’25NT$84.00
NT$77.46
-7.8%
9.1%NT$93.33NT$66.29n/a12
Jul ’25NT$76.57
NT$74.96
-2.1%
4.8%NT$80.19NT$66.29n/a12
Jun ’25NT$69.90
NT$73.75
+5.5%
3.9%NT$78.10NT$66.29n/a12
May ’25NT$65.81
NT$71.17
+8.2%
4.4%NT$74.29NT$62.67n/a12
Apr ’25NT$66.19
NT$70.82
+7.0%
4.4%NT$74.29NT$62.67n/a12
Mar ’25NT$64.19
NT$66.88
+4.2%
6.7%NT$73.33NT$58.10n/a12
Feb ’25NT$61.71
NT$66.11
+7.1%
6.7%NT$73.33NT$58.10n/a12
Jan ’25NT$61.71
NT$64.55
+4.6%
6.6%NT$71.43NT$58.10n/a12
Dec ’24NT$60.76
NT$64.03
+5.4%
5.6%NT$70.48NT$58.10n/a12
Nov ’24NT$57.14
NT$63.85
+11.7%
5.4%NT$70.48NT$58.96NT$90.4012
Oct ’24NT$57.81
NT$63.85
+10.4%
5.4%NT$70.48NT$58.96NT$90.7012
Sep ’24NT$58.78
NT$62.17
+5.8%
6.7%NT$66.76NT$50.52NT$87.5211
Aug ’24NT$60.32
NT$60.76
+0.7%
8.3%NT$66.03NT$50.52NT$84.0011
Jul ’24NT$55.15
NT$60.10
+9.0%
8.5%NT$66.03NT$50.52NT$76.5711
Jun ’24NT$54.78
NT$59.39
+8.4%
8.1%NT$66.03NT$50.52NT$69.9011
May ’24NT$53.51
NT$56.31
+5.2%
10.6%NT$64.40NT$47.89NT$65.8110
Apr ’24NT$51.25
NT$56.69
+10.6%
10.3%NT$64.40NT$47.89NT$66.1911
Mar ’24NT$53.51
NT$57.53
+7.5%
10.2%NT$65.31NT$47.62NT$64.1911
Feb ’24NT$54.42
NT$56.07
+3.0%
12.1%NT$65.31NT$44.76NT$61.7111
Jan ’24NT$51.07
NT$53.74
+5.2%
9.9%NT$62.58NT$44.76NT$61.7111
Dec ’23NT$54.78
NT$53.34
-2.6%
10.1%NT$62.58NT$44.76NT$60.7611
Nov ’23NT$47.17
NT$51.92
+10.1%
9.3%NT$60.47NT$44.44NT$57.1412

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

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