Shinkong Insurance Co Ltd (2850) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Shinkong Insurance Co Ltd stock TWD 104, price TWD 158, that is 34.2% below the price, quality 55 out of 100. Rating: overvalued. 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 33.85 TWD – 173.00 TWD · fair‑value band 71.34 TWD – 142.17 TWD · the 158.00 TWD price screens above the 103.92 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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Shinkong Insurance Co., Ltd. provides property insurance to individuals and corporates in Taiwan.
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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 158.00 TWD, while our model-based Fair Value estimate is 103.92 TWD, 34% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 113.73 TWD per share, and 1 of the 6 models we run sit above the 158.00 TWD price.
Bear case: the Asset-Based group reads lowest at 43.88 TWD, and 5 of the 6 models stay below the price. Data coverage for this calculation is high.
Scenario range: 71.34 TWD (bear) to 142.17 TWD (bull), the price of 158.00 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 55/100 (solid quality), in the Financial Services sector.
Mixed Growth: Spin-off in 2007: revenue and profit before it include the divested business. Growth is measured afresh from 2007.
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 49.9B TWD (≈ $1.5B) Small · P/E ratio 12.9 · P/S ratio 2.15 · EPS (TTM) 12.26 TWD · Dividend yield 4.6% · Net margin 22.0% · Return on equity 25.2% · Return on assets (EBIT) 6.8% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 72 out of 100 (low confidence).
What moves the price
The share trades about 9% 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 −29% fair-value upside, at −34%, 2850 screens richer than that median.
Fair Value models
Bear71.34 TWDFair Value 103.92 TWDBull142.17 TWD
Price 158.00 TWD · Downside -34.2%
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 (4.27 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.55/100
Spin-off in 2007: revenue and profit before it include the divested business. Growth is measured afresh from 2007.
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 18 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.
+0.5%
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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%
Per share before 2007divided by the spin-off factor 1.11
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.18.9% vs 13.9%, 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
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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 · 100 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 Nov 8, 2026, our model estimates a fair value of 103.92 TWD versus a price of 158.00 TWD, about 34% lower (overvalued).
What is the fair value of 2850?
Our model-based fair value for Shinkong Insurance Co Ltd is 103.92 TWD (as of Nov 8, 2026), built from audited fundamentals. The current price: 158.00 TWD.
What is the quality score of 2850?
Shinkong Insurance Co Ltd has a Quality Score of 55/100. 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 103.92 TWD (as of Nov 8, 2026) from 6 valuation models. Cautious scenario 71.34 TWD, optimistic scenario 142.17 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 103.92 TWD, about 34% lower versus a price of 158.00 TWD (overvalued). Cautious scenario 71.34 TWD, optimistic scenario 142.17 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 23.2B TWD (latest available figure, as of Nov 8, 2026).
Does Shinkong Insurance Co Ltd pay a dividend?
Shinkong Insurance Co Ltd currently shows a dividend yield of 4.60% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of Shinkong Insurance Co Ltd (2850) and when is the ex-dividend date?
Shinkong Insurance Co Ltd pays a dividend of 7.27 TWD per share a year, a dividend yield of 4.6%. The last ex-dividend date was Jun 16, 2026. The payout ratio is 59.3% of earnings. Free cash flow covers the dividend 0.01 times. Our assessment: Watch coverage. The dividend isn’t fully covered by free cash flow or earnings, part of it is funded from reserves or debt. Fine for now, but worth watching: if it stays uncovered, the dividend could be cut.
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 103.92 TWD per share (as of Nov 8, 2026), against a price of 158.00 TWD. It is the blended result of 6 valuation models in 4 families (Dividend Discount, Multiples, Asset-Based, Economic Profit).
Is Shinkong Insurance Co Ltd stock overvalued or undervalued in 2026?
As of Nov 8, 2026, 2850 trades above its calculated fair value: price 158.00 TWD, fair value 103.92 TWD, a gap of about −34% (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 (158.00 TWD); the fair value is what the company's own numbers justify (103.92 TWD). For Shinkong Insurance Co Ltd the two are 54.08 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 49.9B TWD (market capitalisation, as of Nov 8, 2026). Per share that is 158.00 TWD; our models calculate a fair value of 103.92 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 71.34 TWD, base 103.92 TWD, optimistic 142.17 TWD per share (as of Nov 8, 2026, price 158.00 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 12.9 (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 103.92 TWD is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings: 7.6. Other multiples: PEG 0.5, P/B 2.4, P/S 2.2, EV/EBITDA 6.3.
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 Nov 8, 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 Nov 8, 2026): return on equity 25.2%. They feed the Quality Score of 55/100, which measures business quality independently of the share price.
How far is 2850 from its 52-week high?
Shinkong Insurance Co Ltd trades at 158.00 TWD, about 9% below its 52-week high of 173.00 TWD and 40% above the low of 112.50 TWD (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 103.92 TWD is for.
Which stocks are comparable to Shinkong Insurance Co Ltd?
From the same area (Financial Services) we also value Chubb Limited, The Progressive Corporation, 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 Nov 8, 2026: price 158.00 TWD, calculated fair value 103.92 TWD (−34%), Quality Score 55/100, 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 2850 calculated?
We run Shinkong Insurance Co Ltd through 6 models from 4 families: Dividend Discount, Multiples, Asset-Based, Economic Profit. Every model gets the same audited fundamentals; the fair value of 103.92 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 13.0% 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 Nov 6, 2026 was 158.00 TWD. Our model-based fair value is 103.92 TWD, about 34% lower (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?
The price sits above even our optimistic bull case (142.17 TWD). The favourable scenario is already priced in. Solid but not exceptional quality (55/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (71.34 TWD to 142.17 TWD) leaves room in how you read the outcome. 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 49.9B TWD (≈ $1.5B). 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 2.15 (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 Shinkong Insurance Co Ltd (2850)?
Earnings per share at Shinkong Insurance Co Ltd are 12.26 TWD (price ÷ EPS = P/E 12.9). 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 59.3%). 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 22.0% (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 Shinkong Insurance Co Ltd (2850)?
The return on equity (ROE) of Shinkong Insurance Co Ltd is 25.2% (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 20.5% (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 +10.7% 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 +22.9% 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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Broad data
Nov 8, 2026