Shinkong Insurance Co Ltd (2850) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Shinkong Insurance Co Ltd TWD 126, price TWD 158, upside -20.2%, quality 52 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Shinkong Insurance Co., Ltd. provides property insurance to individuals and corporates in Taiwan.
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Shinkong Insurance Co., Ltd. provides property insurance to individuals and corporates in Taiwan. It offers motor insurance, such as voluntary physical damage and automobile liability, and compulsory motor motorcycle liability; fire insurance, including residential fire, earthquake pool, commercial, typhoon, and flood; and marine insurance comprising marine cargo and hull, fishing vessel, aviation, commercial property floater, carriers liability, and forwarders liability. The company also provides engineering insurance, such as contractors and erection all risks, contractors plant and machinery, boiler pressure vessel, machinery breakdown, and electronic equipment insurance; liability insurance, including general and professional liability, bond, personal and commercial comprehensive, and miscellaneous; as well as group and individual personal accident insurance. Shinkong Insurance Co., Ltd. was incorporated in 1963 and is headquartered in Taipei, Taiwan.
Stock analysis
Shinkong Insurance Co Ltd (2850) currently trades at 157.50 TWD, while our model-based Fair Value estimate is 125.64 TWD, implying the stock looks roughly 25.4% overvalued today.
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Valuation
Bull case: the Economic Profit group reads highest at a median of 105.68 TWD per share, and 1 of the 4 models we run sit above the 157.50 TWD price.
Bear case: the Asset-Based group reads lowest at 43.99 TWD, and 3 of the 4 models stay below the price. Evidence for this calculation is high.
Scenario range: 94.23 TWD (bear) to 157.05 TWD (bull), the price of 157.50 TWD sits above 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 52/100 (solid quality), in the Financial Services sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Shinkong Insurance Co Ltd reported revenue of 20.8B TWD in FY2025 versus 18.5B TWD in FY2021, a compound +3.1%/yr. Reported net income was 3.9B TWD in FY2025, compounding +14.5%/yr from FY2021.
Key figures
Market cap 49.8B TWD (≈ $1.6B) · P/E ratio 12.8 · P/S ratio 2.39 · EPS (TTM) 12.29 TWD · Dividend yield 4.6% · Net margin 18.6% · Return on equity 23.3% · Return on assets (EBIT) 6.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 7% below its 52-week high and 40% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −23% fair-value upside, at −20%, 2850 screens cheaper than that median.
Fair Value models
Bear 94.23 TWDFair Value 125.64 TWDBull 157.05 TWD
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (3.66 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.Evidence ⓘEvidence = 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.52/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
−0.1%
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.
+3.2%
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.
+4.8%
Start year 2020 (pandemic). Over 10 years: +5.7% a year
Revenue growth 20 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.
+5.5%
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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.
+23.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year+18.9%
Dividend (yield on the price)4.6%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.19% vs 14%, picking up
Profit margin 2020 to 2025 ⓘ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.12% → 23%
Compare Shinkong Insurance Co Ltd with another stock
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.Insurance - Property & Casualty · 119 stocks
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). "Shinkong Insurance Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/2850
Frequently asked questions
Is Shinkong Insurance Co Ltd (2850) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of 125.64 TWD versus a price of 157.50 TWD, about −20% upside (overvalued).
What is the fair value of 2850?
Our model-based fair value for Shinkong Insurance Co Ltd is 125.64 TWD (as of Sep 23, 2026), built from audited fundamentals. The current price: 157.50 TWD.
What is the quality score of 2850?
Shinkong Insurance Co Ltd has a Quality Score of 52/100. 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 Shinkong Insurance Co Ltd (2850)?
Our model-based price target is the fair value of 125.64 TWD (as of Sep 23, 2026) from 4 valuation models. Cautious scenario 94.23 TWD, optimistic scenario 157.05 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Shinkong Insurance Co Ltd stock forecast for 2026?
Our models put fair value at 125.64 TWD, about −20% upside versus a price of 157.50 TWD (overvalued). Cautious scenario 94.23 TWD, optimistic scenario 157.05 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Shinkong Insurance Co Ltd (2850)?
Shinkong Insurance Co Ltd reported trailing-twelve-month revenue of about 19.4B TWD (latest available figure, as of Sep 23, 2026).
Does Shinkong Insurance Co Ltd pay a dividend?
Shinkong Insurance Co Ltd currently shows a dividend yield of about 4.62% relative to its recent price (as of Sep 23, 2026).
What is the intrinsic value of Shinkong Insurance Co Ltd (2850)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Shinkong Insurance Co Ltd it is 125.64 TWD per share (as of Sep 23, 2026), against a price of 157.50 TWD. It is the blended result of 4 valuation models (cash flow, earnings, asset, dividend).
Is Shinkong Insurance Co Ltd stock overvalued or undervalued in 2026?
As of Sep 23, 2026, 2850 trades above its calculated fair value: price 157.50 TWD, fair value 125.64 TWD, a gap of about −20% (overvalued). 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 2850?
No. The price is what the market pays today (157.50 TWD); the fair value is what the company's own numbers justify (125.64 TWD). For Shinkong Insurance Co Ltd the two are 31.86 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Shinkong Insurance Co Ltd worth?
The market values Shinkong Insurance Co Ltd at about 49.8B TWD (market capitalisation, as of Sep 23, 2026). Per share that is 157.50 TWD; our models calculate a fair value of 125.64 TWD per share.
What do the bullish and bearish scenarios say about 2850?
Our models span a range for Shinkong Insurance Co Ltd: cautious scenario 94.23 TWD, base 125.64 TWD, optimistic 157.05 TWD per share (as of Sep 23, 2026, price 157.50 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 2850?
Shinkong Insurance Co Ltd trades at a price-to-earnings ratio of 12.8 (as of Sep 23, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 125.64 TWD is built from several models across several years. Other multiples: PEG 0.5, P/B 2.4, P/S 2.2, EV/EBITDA 6.1.
What is the PEG ratio of 2850?
The PEG ratio of Shinkong Insurance Co Ltd is 0.47 (P/E divided by earnings growth, as of Sep 23, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Shinkong Insurance Co Ltd (2850)?
Balance-sheet figures for Shinkong Insurance Co Ltd (as of Sep 23, 2026): return on equity 23.3%. They feed the Quality Score of 52/100, which measures business quality independently of the share price.
How far is 2850 from its 52-week high?
Shinkong Insurance Co Ltd trades at 157.50 TWD, about 7% below its 52-week high of 168.50 TWD and 40% above the low of 112.50 TWD (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 125.64 TWD is for.
Which stocks are comparable to Shinkong Insurance Co Ltd?
From the same area (Financial Services) we also value The Progressive Corporation, Chubb Limited, The Travelers Companies, Inc, The Allstate Corporation, 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 Shinkong Insurance Co Ltd stock attractive at the current price?
The data as of Sep 23, 2026: price 157.50 TWD, calculated fair value 125.64 TWD (−20%), Quality Score 52/100, from 4 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 2850 calculated?
We run Shinkong Insurance Co Ltd through 4 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 125.64 TWD, 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 14.1 % above its aggregate fair value. Shinkong Insurance Co Ltd itself currently trades above fair value. 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 Shinkong Insurance Co Ltd (2850)?
The closing price on Sep 24, 2026 was 157.50 TWD. Our model-based fair value is 125.64 TWD, about −20% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Shinkong Insurance Co Ltd right now?
Solid but not exceptional quality (52/100) and above fair value, neither a clear bargain nor a standout compounder. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Where does the earnings growth of Shinkong Insurance Co Ltd (2850) come from?
Earnings per share at Shinkong Insurance Co Ltd grew +13.0 % a year from 2014 to 2025. Broken into its drivers: revenue per share +6.2 %, EBIT margin +7.2 %, tax rate −0.7 %, residual (interest, one-offs) +0.0 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Shinkong Insurance Co Ltd
How large is the market capitalisation of Shinkong Insurance Co Ltd (2850)?
The market capitalisation of Shinkong Insurance Co Ltd is 49.8B TWD (≈ $1.6B). 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 Shinkong Insurance Co Ltd (2850)?
The price-to-sales ratio of Shinkong Insurance Co Ltd is 2.39 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Shinkong Insurance Co Ltd (2850)?
Earnings per share at Shinkong Insurance Co Ltd are 12.29 TWD (price ÷ EPS = P/E 12.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Shinkong Insurance Co Ltd (2850)?
The dividend yield of Shinkong Insurance Co Ltd is 4.6% (payout 59.2%). 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 Shinkong Insurance Co Ltd (2850)?
The net margin of Shinkong Insurance Co Ltd is 18.6% (fiscal year 2025). 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 Shinkong Insurance Co Ltd (2850)?
The return on equity (ROE) of Shinkong Insurance Co Ltd is 23.3% (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 Shinkong Insurance Co Ltd (2850)?
On an EBIT basis the return on assets of Shinkong Insurance Co Ltd is 6.8% (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 Shinkong Insurance Co Ltd (2850)?
The operating margin of Shinkong Insurance Co Ltd is 21.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Shinkong Insurance Co Ltd (2850)?
Revenue at Shinkong Insurance Co Ltd is growing +11.2% versus a year earlier (3y avg +3.2%). 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 Shinkong Insurance Co Ltd (2850)?
Earnings per share at Shinkong Insurance Co Ltd are growing +310% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Shinkong Insurance Co Ltd (2850) generate?
The free cash flow of Shinkong Insurance Co Ltd is 19.4M 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 Shinkong Insurance Co Ltd (2850) hold?
Shinkong Insurance Co Ltd holds more cash than debt, 12.8B TWD net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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