Taiwan Fire & Marine Insurance Co (2832) Fair Value & Analysis
Financial Services · TW · Market cap 14.4B TWD
Fair value as of: Jul 21, 2026
From 6 valuation models · updated 20 days ago
Share price +3.9% over the past month.
A solid business, currently priced close to our fair value.
What matters now
- The price sits close to our fair value, market and models broadly agree here, little valuation tension.
- For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 21, 2026.
How to read this chart
60‑month range 0.1027 TWD – 59.40 TWD · fair‑value band 47.78 TWD – 79.64 TWD · the 58.50 TWD price screens below the 63.71 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 21, 2026.
Analysis
Taiwan Fire & Marine Insurance Co (2832) currently trades at 58.50 TWD, while our model-based Fair Value estimate is 63.71 TWD, implying the stock looks roughly 8.9% fairly valued today. The Quality Score stands at 61/100 (solid 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.
Over the trailing twelve months, Taiwan Fire & Marine Insurance Co generated revenue of 7.4B TWD at a net margin of 17.7%. Revenue grew 36.6% year over year. It earns a return on equity of 10.5%. The balance sheet holds a net cash position of 3.2B TWD. Fundamentals as of Jul 21, 2026
Our scenario range runs from 47.78 TWD (bear case) to 79.64 TWD (bull case); at 58.50 TWD, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades near its 52-week high, currently above its 200-day average. For context, the median of 10 Financial Services peers we cover trades at 8% fair-value upside, at 9%, 2832 screens cheaper than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 6 models by family
Widest divergence: Multiples (63.71 TWD) versus Asset-Based (31.29 TWD). Highest evidence: Residual Income (76).
Notify me when 2832 reaches fair value
Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click.
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 21, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 63 · Market factors (momentum, volatility) 75
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
Taiwan Fire & Marine Insurance Co., Ltd. provides property and casualty insurance products and services in Taiwan. It provides fire insurance products, such as residential fire and earthquake, fire and allied perils, commercial fire, household, and fire and property all risks insurance; marine insurance, including marine cargo, inland transit, marine hull, …
Full company description
Taiwan Fire & Marine Insurance Co., Ltd. provides property and casualty insurance products and services in Taiwan. It provides fire insurance products, such as residential fire and earthquake, fire and allied perils, commercial fire, household, and fire and property all risks insurance; marine insurance, including marine cargo, inland transit, marine hull, commercial property floater, and fishing vessel insurance; aviation insurance; and automobile insurance comprising physical damage automobile, compulsory automobile liability, theft automobile, automobile insurance and allied perils, and third-party liability automobile insurance. The company also offers engineering insurance products, such as civil engineering completed risks, erection all risks, boiler and pressure vessel, contractors' plant and machinery, electronic equipment, contractors' all risks, and machinery breakdown insurance; and bond and credit insurances that include fidelity bond, maintenance bond, performance bond, travel agents performance bond, and advance payment bond insurance. In addition, it provides accident and health insurance products comprising Individual personal accident, group personal accident, travel accident, and health insurance; and miscellaneous insurances, including money, glass, burglary, cancellation of events, fine arts comprehensive, liquefied petroleum gas comprehensive, and bankers blanket bond insurance. Further, the company liability insurance and reinsurance products. Taiwan Fire & Marine Insurance Co., Ltd. was founded in 1948 and is headquartered in Taipei, Taiwan.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Taiwan Fire & Marine Insurance Co reported revenue of 6.9B TWD in FY2025 versus 7.5B TWD in FY2021, a compound −1.9%/yr. Reported net income was 1.2B TWD in FY2025, compounding +35.1%/yr from FY2021.
of which total revenue +4.9 pp · buybacks/dilution +0.5 pp
Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).
Watch 2832: get an alert when its fair value changes →
Peer Group
Insurance - Property & Casualty · 120 stocks
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.
Valuation Multiples vs Insurance - Property & Casualty median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
Insider activity: 40/100
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Insurance - Property & Casualty stocks, each showing price versus our Fair Value estimate (as of Jul 21, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| The Progressive Corporation PGR | $234.48 | $252.50 | +8% |
| Chubb Limited CB | $337.44 | $345.56 | +2% |
| The Travelers Companies, Inc TRV | $368.98 | $384.42 | +4% |
| The Allstate Corporation ALL | $251.61 | $503.22 | +100% |
| The People's Insurance Company 601319 | ¥7.06 | ¥13.71 | +94% |
| Intact Financial Corporation IFC | C$294.02 | C$247.44 | -16% |
| Fairfax Financial Holdings FFH | C$2,327 | C$3,252 | +40% |
| QBE Insurance Group QBE | A$25.47 | A$19.42 | -24% |
| Samsung Fire & Marine Insurance Co 000810 | 648,000 KRW | 658,771 KRW | +2% |
| Powszechny Zaklad Ubezpieczen SA PZU | 69.80 PLN | 100.85 PLN | +44% |
Compare Taiwan Fire & Marine Insurance Co with another stock
Price, fair value, quality and upside side by side.
Explore undervalued stocks
More undervalued Financial Services stocks →
Frequently asked questions
Is Taiwan Fire & Marine Insurance Co (2832) overvalued or undervalued?
What is the fair value of 2832?
What is the quality score of 2832?
What is the revenue of Taiwan Fire & Marine Insurance Co (2832)?
What is the net profit margin of 2832?
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.
Track Taiwan Fire & Marine Insurance Co and try Pro for 14 days
One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.
Zero risk: nothing is ever charged. After 14 days you decide whether to stay.