Taipei Star Bank (5863) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Taipei Star Bank stock TWD 12.77, price TWD 11.15, upside +14.5%, quality 42 out of 100. Rating: undervalued. Calculated from audited financials with 6 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 8, 2026.
How to read this chart
60‑month range 7.65 TWD – 13.46 TWD · fair‑value band 12.77 TWD – 18.93 TWD · the 11.15 TWD price screens below the 12.77 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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Taipei Star Bank provides various banking products and services in Taiwan.
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It offers demand and time deposits, current accounts, and fixed deposits, as well as cash, travel checks, and remittance services; revolving credit and house financing; and wealth management services, such as mutual funds, gold passbook, and insurance solutions, as well as eBanking services.
The company was formerly known as Bank of Taipei, Ltd. and changed its name to Taipei Star Bank in May 2016. Taipei Star Bank was founded in 1917 and is headquartered in Taipei, Taiwan.
Stock analysis
Taipei Star Bank (5863) currently trades at 11.15 TWD, while our model-based Fair Value estimate is 12.77 TWD, implying the stock looks roughly 13% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 18.58 TWD per share, and 3 of the 6 models we run sit above the 11.15 TWD price.
Bear case: the Dividend Discount group reads lowest at 4.57 TWD, and 3 of the 6 models stay below the price. Data coverage for this calculation is low.
Scenario range: 12.77 TWD (bear) to 18.93 TWD (bull), the price of 11.15 TWD sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 42/100 (below-average quality), in the Financial Services sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Taipei Star Bank reported revenue of 1.3B TWD in FY2025 versus 1.2B TWD in FY2021, a compound +3.1%/yr. Reported net income was 267M TWD in FY2025, compounding +4.9%/yr from FY2021.
Key figures
Market cap 3.6B TWD (≈ $109M) Micro · P/E ratio 13.8 · P/S ratio 2.41 · EPS (TTM) 0.8100 TWD · Dividend yield 3.5% · Net margin 16.1% · Return on equity 3.9% · Return on assets (EBIT) 0.2% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 44 out of 100 (medium confidence).
What moves the price
The share trades about 4% below its 52-week high and 11% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −29% fair-value upside, at 15%, 5863 screens cheaper than that median.
Fair Value models
Bear12.77 TWDFair Value 12.77 TWDBull18.93 TWD
Price 11.15 TWD · Upside +14.5%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (0.3584 TWD per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.37/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+13.5%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+4.8%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+3.0%
Start year 2020 (pandemic)
Revenue growth 6 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+3.5%
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What shareholders gained per year (last 5 years), in TWD ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in TWD: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+7.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year+4.3%
Dividend (yield on the price)3.5%
Profit margin 2019 to 2024 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.22% → 15%
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Banks - Regional · 996 stocks
Beats the industry median on 5/11 measures
A mixed picture versus its industry peers.
Valuation
Quality Score42 · Bottom 25%
Fair Value upside+14.5% · Top 25%
Profitability
Return on equity (12 months)3.9% · Bottom 25%
Return on assets0.3% · Bottom 25%
Net margin (12 months)16.1% · Bottom 25%
Operating margin (12 months)19.8% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)38.9% · Top 25%
Dividend yield (12 months)3.5% · Above median
Valuation Multiplesvs Banks - Regional median · lower = cheaper
P/E (12 months)13.8× · Pricier than median
P/B0.58× · Cheapest 25%
P/S (12 months)2.41× · Cheaper than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)53· sector 8
FUTURE (revenue growth)100· sector 47
PAST (return on equity)16· sector 43
HEALTH (low debt)–
DIVIDEND (yield)70· sector 52
HEALTH: for banks, insurers and similar financial firms borrowed money is part of the business, so we do not rate debt here.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Taipei Star Bank Fair Value". https://www.fairvalue-calculator.com/stock/5863
Frequently asked questions
Is Taipei Star Bank (5863) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of 12.77 TWD versus a price of 11.15 TWD, about +15% upside (undervalued).
What is the fair value of 5863?
Our model-based fair value for Taipei Star Bank is 12.77 TWD (as of Nov 8, 2026), built from audited fundamentals. The current price: 11.15 TWD.
What is the quality score of 5863?
Taipei Star Bank has a Quality Score of 42/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Taipei Star Bank (5863)?
Our model-based price target is the fair value of 12.77 TWD (as of Nov 8, 2026) from 6 valuation models. Cautious scenario 12.77 TWD, optimistic scenario 18.93 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Taipei Star Bank stock forecast for 2026?
Our models put fair value at 12.77 TWD, about +15% upside versus a price of 11.15 TWD (undervalued). Cautious scenario 12.77 TWD, optimistic scenario 18.93 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Taipei Star Bank (5863)?
Taipei Star Bank reported trailing-twelve-month revenue of about 1.5B TWD (latest available figure, as of Nov 8, 2026).
Does Taipei Star Bank pay a dividend?
Taipei Star Bank currently shows a dividend yield of 3.52% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of Taipei Star Bank (5863) and when is the ex-dividend date?
Taipei Star Bank pays a dividend of 0.392 TWD per share a year, a dividend yield of 3.5%. The last ex-dividend date was Aug 25, 2026. A dividend has been paid every year since at least 2008. The payout ratio is 48.4% of earnings. Our assessment: Low payout. A low payout ratio: the dividend takes at most 60 % of earnings. Whether free cash flow covers it as well, we cannot see for this company.
What is the intrinsic value of Taipei Star Bank (5863)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Taipei Star Bank it is 12.77 TWD per share (as of Nov 8, 2026), against a price of 11.15 TWD. It is the blended result of 6 valuation models in 4 families (Dividend Discount, Multiples, Asset-Based, Economic Profit).
Is Taipei Star Bank stock overvalued or undervalued in 2026?
As of Nov 8, 2026, 5863 trades below its calculated fair value: price 11.15 TWD, fair value 12.77 TWD, a gap of about +15% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 5863?
No. The price is what the market pays today (11.15 TWD); the fair value is what the company's own numbers justify (12.77 TWD). For Taipei Star Bank the two are 1.62 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Taipei Star Bank worth?
The market values Taipei Star Bank at about 3.6B TWD (market capitalisation, as of Nov 8, 2026). Per share that is 11.15 TWD; our models calculate a fair value of 12.77 TWD per share.
What do the bullish and bearish scenarios say about 5863?
Our models span a range for Taipei Star Bank: cautious scenario 12.77 TWD, base 12.77 TWD, optimistic 18.93 TWD per share (as of Nov 8, 2026, price 11.15 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 5863?
Taipei Star Bank trades at a price-to-earnings ratio of 13.8 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 12.77 TWD is built from several models across several years. Other multiples: P/B 0.6, P/S 2.4.
How solid is the balance sheet of Taipei Star Bank (5863)?
Balance-sheet figures for Taipei Star Bank (as of Nov 8, 2026): return on equity 3.9%. They feed the Quality Score of 42/100, which measures business quality independently of the share price.
How far is 5863 from its 52-week high?
Taipei Star Bank trades at 11.15 TWD, about 4% below its 52-week high of 11.60 TWD and 11% above the low of 10.06 TWD (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of 12.77 TWD is for.
Which stocks are comparable to Taipei Star Bank?
From the same area (Financial Services) we also value China Merchants Bank Co, DBS Group, UniCredit S.p.A, Mizuho Financial Group, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Taipei Star Bank stock attractive at the current price?
The data as of Nov 8, 2026: price 11.15 TWD, calculated fair value 12.77 TWD (+15%), Quality Score 42/100, from 6 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 5863 calculated?
We run Taipei Star Bank through 6 models from 4 families: Dividend Discount, Multiples, Asset-Based, Economic Profit. Every model gets the same audited fundamentals; the fair value of 12.77 TWD builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. Taipei Star Bank currently trades 13% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Taipei Star Bank (5863)?
The closing price on Nov 9, 2026 was 11.15 TWD. Our model-based fair value is 12.77 TWD, about +15% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Taipei Star Bank right now?
The price is below even our cautious bear case (12.77 TWD). The market is more pessimistic than our downside scenario. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Key figures of Taipei Star Bank
How large is the market capitalisation of Taipei Star Bank (5863)?
The market capitalisation of Taipei Star Bank is 3.6B TWD (≈ $109M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Taipei Star Bank (5863)?
The price-to-sales ratio of Taipei Star Bank is 2.41 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Taipei Star Bank (5863)?
Earnings per share at Taipei Star Bank are 0.8100 TWD (price ÷ EPS = P/E 13.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Taipei Star Bank (5863)?
The dividend yield of Taipei Star Bank is 3.5% (payout 48.4%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Taipei Star Bank (5863)?
The net margin of Taipei Star Bank is 16.1% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Taipei Star Bank (5863)?
The return on equity (ROE) of Taipei Star Bank is 3.9% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Taipei Star Bank (5863)?
On an EBIT basis the return on assets of Taipei Star Bank is 0.2% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Taipei Star Bank (5863)?
The operating margin of Taipei Star Bank is 19.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Taipei Star Bank (5863)?
Revenue at Taipei Star Bank is growing +38.9% versus a year earlier (3y avg +4.8%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Taipei Star Bank (5863)?
Earnings per share at Taipei Star Bank are growing +12.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Taipei Star Bank (5863) generate?
The free cash flow of Taipei Star Bank is −447M TWD (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does Taipei Star Bank (5863) hold?
Taipei Star Bank holds more cash than debt, 6.2B TWD net (fiscal year 2024). The company holds more cash than debt, a safety cushion.
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Nov 8, 2026