KGI Financial Holding Co., Ltd.

TWSE:2883 Stock Report

Market Cap: NT$331.0b

KGI Financial Holding Valuation

Is 2883 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 2883 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 2883 (NT$18) is trading below our estimate of fair value (NT$31.2)

Significantly Below Fair Value: 2883 is trading below fair value by more than 20%.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for 2883?

Key metric: As 2883 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 2883. This is calculated by dividing 2883's market cap by their current earnings.
What is 2883's PE Ratio?
PE Ratio11x
EarningsNT$30.01b
Market CapNT$331.02b

Price to Earnings Ratio vs Peers

How does 2883's PE Ratio compare to its peers?

The above table shows the PE ratio for 2883 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average10.4x
2888 Shin Kong Financial Holding
16.3x0.5%NT$214.0b
2882 Cathay Financial Holding
11.3x1.7%NT$1.0t
2881 Fubon Financial Holding
10.8x-1.9%NT$1.3t
5859 Farglory Life Insurance
3.4xn/aNT$22.8b
2883 KGI Financial Holding
11x-1.9%NT$331.0b

Price-To-Earnings vs Peers: 2883 is expensive based on its Price-To-Earnings Ratio (11x) compared to the peer average (10.4x).


Price to Earnings Ratio vs Industry

How does 2883's PE Ratio compare vs other companies in the Asian Insurance Industry?

6 CompaniesPrice / EarningsEstimated GrowthMarket Cap
2883 11.0xIndustry Avg. 11.0xNo. of Companies47PE0816243240+
6 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 2883 is expensive based on its Price-To-Earnings Ratio (11x) compared to the Asian Insurance industry average (11x).


Price to Earnings Ratio vs Fair Ratio

What is 2883'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.

2883 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio11x
Fair PE Ratio11x

Price-To-Earnings vs Fair Ratio: 2883 is expensive based on its Price-To-Earnings Ratio (11x) compared to the estimated Fair Price-To-Earnings Ratio (11x).


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