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China Bills Finance Corporation (2820) Fair Value & Analysis

Financial Services · TW · Market cap 23.8B TWD

Price17.70 TWD
Fair Value22.74 TWD
Upside+28.5%
Quality95/100
Evidence: High Range 17.05 TWD – 28.42 TWD

Fair value as of: Jun 25, 2026

Analysis

China Bills Finance Corporation (2820) currently trades at 17.70 TWD, while our model-based Fair Value estimate is 22.74 TWD — implying the stock looks roughly 28.5% undervalued today. We read business quality at 95/100 (high quality), in the Financial Services sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high) — always confirm before acting.

About the company

China Bills Finance Corporation provides various financial services in Taiwan. The company engages in the certification and underwriting of short-term bills and bank debentures; brokerage and trading of short-term bills, bank debentures, government and corporate bonds, and foreign bonds; guaranteeing short-term bills; and provision of financial consulting services to enterprises. It is also involved in the processing interbank call loans; equity investments; fixed income securities trading; and foreign-currency bills investment businesses. The company was founded in 1978 and is headquartered in Taipei City, Taiwan.

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Frequently asked questions

Is China Bills Finance Corporation (2820) undervalued?
As of Jun 25, 2026, our model estimates a fair value of 22.74 TWD versus a price of 17.70 TWD — about +28% (undervalued). Model-based estimate, not financial advice.
What is the fair value of 2820?
Our 21-model fair value for China Bills Finance Corporation is 22.74 TWD (as of Jun 25, 2026), built from audited fundamentals. The current price is 17.70 TWD.
What is the quality score of 2820?
China Bills Finance Corporation has a Quality Score of 95/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.