KGI Financial Holding (2883) Fair Value & Analysis

Financial Services · TW · Market cap 519B TWD

A solid business, but screening 25% overvalued on our models.

What matters now

• The price sits above even our optimistic bull case (28.77 TWD). The favourable scenario is already priced in.
• Solid but not exceptional quality (56/100) 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.

Price vs Fair Value (5 years)

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 17, 2026.

How to read this chart

60‑month range 8.29 TWD – 31.60 TWD · fair‑value band 17.26 TWD – 28.77 TWD · the 30.85 TWD price screens above the 23.02 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 17, 2026.

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Analysis

KGI Financial Holding (2883) currently trades at 30.85 TWD, while our model-based Fair Value estimate is 23.02 TWD, implying the stock looks roughly 25.4% overvalued today. We read business quality at 56/100 (solid quality), in the Financial Services sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, KGI Financial Holding generated revenue of 367B TWD at a net margin of 13.1%. Revenue grew 150.5% year over year. It earns a return on equity of 14.3%. Net debt stands at 337B TWD. Fundamentals as of Jul 17, 2026

Our scenario range runs from 17.26 TWD (bear case) to 28.77 TWD (bull case); at 30.85 TWD, the current price sits above 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 and 111% above its 52-week low, currently above its 200-day average. For context, the median of 10 Financial Services peers we cover trades at 1% fair-value upside, at -25%, 2883 screens richer 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.

Widest divergence: Growth Earnings (79.86 TWD) versus Asset-Based (12.92 TWD). Highest evidence: Residual Income (76).

Key figures & financial health

Quality Score breakdown

About the company

KGI Financial Holding Co., Ltd. operates as a financial company in Taiwan and internationally. The company offers personal financial services, such as deposits, credit cards, wealth management, and fund scheduling; upstream, midstream and downstream supplier services; and cross-border trade businesses, short-term financing with supply chain cash flow, …

Full company description

KGI Financial Holding Co., Ltd. operates as a financial company in Taiwan and internationally. The company offers personal financial services, such as deposits, credit cards, wealth management, and fund scheduling; upstream, midstream and downstream supplier services; and cross-border trade businesses, short-term financing with supply chain cash flow, sustainable and green energy project financing, and asset-backed loan or under 5 years mid-term syndicated loan for unlisted or listed companies. It also provides corporate strategic services, including credits, foreign exchange hedging, cash management, and trade financing; currency, foreign exchange, interest rate, commodity, equity security of spot market, and derivative financial product trading; and investment strategy and strategic advisory services. In addition, the company offers insurance products comprising life, group, and accident, as well as investment-linked personal life, health, injury coverage, variable annuities, travel safety, and universal insurance; and passive fund or exchange traded fund, public active fund, private placement active fund, and mandate business services. Further, it is involved in investment in securities, real estate, overseas markets, loans, and other foreign investments; and retail brokerage and wealth management, investment banking, global markets business, derivatives business, FINI equity and sales, registry and transfer agency service, and proprietary trading business. The company was formerly known as China Development Financial Holding Corporation and changed its name to KGI Financial Holding Co., Ltd. in August 2024. KGI Financial Holding Co., Ltd. was founded in 1959 and is based in Taipei, Taiwan.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

KGI Financial Holding reported revenue of 323B TWD in FY2025 versus 184B TWD in FY2021, a compound +15.2%/yr. Reported net income was 30.1B TWD in FY2025, compounding −3.8%/yr from FY2021.

2883 screens 25% overvalued. Compare with China Life Insurance Company →

Peer Group

Insurance - Life · 96 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 - Life 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.

VALUE 0: the price sits above our fair-value range.

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.

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Frequently asked questions

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.