China Development Financial Holding Corp (2883) fair value: what the stock is really worth
We calculate from audited financials what China Development Financial Holding Corp is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily, free.
Compare price with fair valuebelow fair value = cheap, above = expensive
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CDChina Development Financial Holding Corp2883 · TW
Price36.75 TWD
Fair Value24.33 TWD
Upside−33.8%
Quality36/100
Below-average quality, and trading another 51% above our fair value of 24.33 TWD.
As of Aug 13, 2026, the fair value of China Development Financial Holding Corp is 24.33 TWD per share against a price of 36.75 TWD, so the fair value sits 34% below the price. A model estimate from reported figures, not an analyst target.
!Mixed Growth (revenue 5y +7.5 %/yr)
✓Solidly profitable · 13.1% net margin
!Low debt · negative free cash flow
·2.72% dividend yield
!Mixed vs. peers (8/14)
!Moderate moat 63/100
Evidence: HighRange 18.24 TWD to 30.41 TWD
Fair value as of: Aug 13, 2026
From 6 valuation models · updated 26 days ago
Fair value updated Aug 13, 2026, revised from 23.02 TWD to 24.33 TWD (+5.7%) since Jul 17, 2026. Share price +18.4% over the past month.
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69 individual criteria per stock, every one traceable See the method →
What matters now
The price sits above even our optimistic bull case (30.41 TWD). The favourable scenario is already priced in.
Weak quality (36/100) and above fair value at the same time, the margin of safety is missing on both counts.
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 Aug 13, 2026.
How to read this chart
60‑month range 9.29 TWD – 37.30 TWD · fair‑value band 18.24 TWD – 30.41 TWD · the 36.75 TWD price screens above the 24.33 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.
China Development Financial Holding Corp (2883) currently trades at 36.75 TWD, while our model-based Fair Value estimate is 24.33 TWD, implying the stock looks roughly 51.1% overvalued today. The Quality Score stands at 36/100 (below-average quality), in the Financial Services sector. Bull case: the Multiples group reads highest at a median of 23.02 TWD per share, and 0 of the 6 models we run sit above the 36.75 TWD price. Bear case: the Asset-Based group reads lowest at 12.92 TWD, and 6 of the 6 models stay below the price. Evidence for this calculation is high.
Over the trailing twelve months, China Development Financial Holding Corp 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 Aug 13, 2026
Scenario range: 18.24 TWD (bear) to 30.41 TWD (bull), the price of 36.75 TWD sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target. The share trades near its 52-week high and 151% above its 52-week low, currently above its 200-day average. For context, the median of 10 Financial Services peers we cover trades at −22% fair-value upside, at −34%, 2883 screens richer than that median.
Fair Value models
Based on fiscal year 2025 figures (about 8 months old). Earnings retained since then (0.5109 TWD per share) are deliberately not added.
Each model values the company its own way; the fair value above is the evidence-weighted blend. Evidence (0 to 100) shows how complete a model's inputs are. How we calculate →
ModelBear ⓘ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
Highest evidence
Residual Income best evidence16.91 TWD18.62 TWD28.04 TWD73
DDM Multi-Stage8.41 TWD15.05 TWD19.14 TWD64
Gordon GGM8.41 TWD18.37 TWD30.91 TWD63
All 6 models by family
Dividend Discount
Gordon GGM8.41 TWD18.37 TWD30.91 TWD63
DDM Multi-Stage8.41 TWD15.05 TWD19.14 TWD64
Multiples
P/E Multiple17.26 TWD23.02 TWD28.77 TWD63
P/B Multiple20.25 TWD27.00 TWD33.75 TWD55
Asset-Based
NCAV (Graham)9.64 TWD12.92 TWD19.29 TWD54
Economic Profit
Residual Income best evidence16.91 TWD18.62 TWD28.04 TWD73
Widest divergence: Multiples (23.02 TWD) versus Asset-Based (12.92 TWD). Highest evidence: Residual Income (73).
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Key figures & financial health
P/E ratio21.1
P/S ratio1.96P/E × margin
EPS (TTM)1.74 TWDprice ÷ EPS = P/E 21.1
Dividend yield2.7%payout 57.5%
Net margin9.3%FY2025
Return on equity14.3%TTM
More key figures
Profitability
Return on assets (EBIT)1.7%avg 5y
Operating margin36.8%TTM
Growth
Revenue (TTM)367B TWDTTM
Revenue growth (YoY)+151%3y avg +48.9%
EPS growth (YoY)+150%
Balance sheet & cash flow
Free cash flow−54.1B TWDFY2025
Net debt337B TWDFY2025
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Overall quality36/100
Of which business quality 28
· Market factors (momentum, volatility) 93
Profitability25
Margins and returns on capital today
Quality Growth46
Are margins and returns improving?
Cashflow0
Earnings quality: real cash, not paper profit
Fin. Strength7
Balance sheet, leverage, solvency risk
Investment64
Disciplined investing over empire-building
Low Volatility79
Calm price path (market factor)
Momentum98
Price trend over the last 3–12 months (market factor)
52W Momentum100
Distance to the 52-week high (market factor)
Net Issuance63
Buybacks instead of dilution
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.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
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
China Development Financial Holding Corp 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.
Growth Quality 44/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
323B TWD
Latest YoY
+329.7%
Avg. revenue growth/yr (3Y) ⓘ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.
+48.9%
Avg. revenue growth/yr (5Y) ⓘ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.
+7.5%
Avg. revenue growth/yr (24Y) ⓘ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.
+12.2%
Value creation/yr (5Y, in TWD) ⓘEarnings growth per share (CAGR 5 years, EBIT basis) plus dividend yield: value created per share and year. 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.
≈ −32.3%
Earnings growth per share plus dividend yield: the value created per share and year.
Earnings growth per share−35.0%
Dividend yield2.7%
Trend ⓘ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.5Y 14.6% vs 10Y 11.7%, steady
Operating margin (EBIT) ⓘ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.100.0% (2020) → 9.5% (2025) · falling
Worst earnings drop148% (2008) (loss year, drop beyond 100%) · in TWD
⚠ Final year 2025 sits 54% above trend (one-off), rate on operating basis
Revenue+15.2%/yr
FY21184B TWD
FY2297.9B TWD
FY2353.0B TWD
FY2475.2B TWD
FY25323B TWD
Net income−3.8%/yr
FY2135.0B TWD
FY2216.4B TWD
FY2318.9B TWD
FY2433.6B TWD
FY2530.1B TWD
Character of growth · EPS growth decomposed (2014-2025)+12.3 % p.a.
Revenue per share+19.1 %
of which total revenue +20.9 % · buybacks/dilution −1.5 %
EBIT margin−9.6 %
Tax rate+0.0 %
Residual (interest, one-offs)+4.3 %
Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).
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.
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.
This stockSector peers
VALUE0· sector 14
FUTURE100· sector 43
PAST57· sector 43
HEALTH87· sector 84
DIVIDEND54· sector 54
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.
None of the checked exposures detected
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Is China Development Financial Holding Corp (2883) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 24.33 TWD versus a price of 36.75 TWD, about −34% upside (overvalued).
What is the fair value of 2883?
Our model-based fair value for China Development Financial Holding Corp is 24.33 TWD (as of Aug 13, 2026), built from audited fundamentals. The current price: 36.75 TWD.
What is the quality score of 2883?
China Development Financial Holding Corp has a Quality Score of 36/100. 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 China Development Financial Holding Corp (2883)?
Our model-based price target is the fair value of 24.33 TWD (as of Aug 13, 2026) from 6 valuation models. Cautious scenario 18.24 TWD, optimistic scenario 30.41 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the China Development Financial Holding Corp stock forecast for 2026?
Our models put fair value at 24.33 TWD, about −34% upside versus a price of 36.75 TWD (overvalued). Cautious scenario 18.24 TWD, optimistic scenario 30.41 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of China Development Financial Holding Corp (2883)?
China Development Financial Holding Corp reported trailing-twelve-month revenue of about 367B TWD (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 2883?
The net profit margin of China Development Financial Holding Corp is about 13.1%, meaning it keeps roughly 13.1% of revenue as net income. Based on the latest reported figures.
Does China Development Financial Holding Corp pay a dividend?
China Development Financial Holding Corp currently shows a dividend yield of about 2.72% relative to its recent price (as of Aug 13, 2026).
What is the intrinsic value of China Development Financial Holding Corp (2883)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For China Development Financial Holding Corp it is 24.33 TWD per share (as of Aug 13, 2026), against a price of 36.75 TWD. It is the blended result of 6 valuation models (cash flow, earnings, asset, dividend).
Is China Development Financial Holding Corp stock overvalued or undervalued in 2026?
As of Aug 13, 2026, 2883 trades above its calculated fair value: price 36.75 TWD, fair value 24.33 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 2883?
No. The price is what the market pays today (36.75 TWD); the fair value is what the company's own numbers justify (24.33 TWD). For China Development Financial Holding Corp the two are 12.42 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is China Development Financial Holding Corp worth?
The market values China Development Financial Holding Corp at about 519B TWD (market capitalisation, as of Aug 13, 2026). Per share that is 36.75 TWD; our models calculate a fair value of 24.33 TWD per share.
What do the bullish and bearish scenarios say about 2883?
Our models span a range for China Development Financial Holding Corp: cautious scenario 18.24 TWD, base 24.33 TWD, optimistic 30.41 TWD per share (as of Aug 13, 2026, price 36.75 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 2883?
China Development Financial Holding Corp trades at a price-to-earnings ratio of 21.1 (as of Aug 13, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 24.33 TWD is built from several models across several years. Other multiples: PEG 24.8, P/B 1.6, P/S 1.4, EV/EBITDA 3.9.
What is the PEG ratio of 2883?
The PEG ratio of China Development Financial Holding Corp is 24.76 (P/E divided by earnings growth, as of Aug 13, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of China Development Financial Holding Corp (2883)?
Balance-sheet figures for China Development Financial Holding Corp (as of Aug 13, 2026): return on equity 14.3%, debt of 0.27 per unit of equity. They feed the Quality Score of 36/100, which measures business quality independently of the share price.
How far is 2883 from its 52-week high?
China Development Financial Holding Corp trades at 36.75 TWD, about 29% below its 52-week high of 28.50 TWD and 151% above the low of 14.65 TWD (as of Aug 13, 2026). Distance from the high says nothing about value: that is what the fair value of 24.33 TWD is for.
Which stocks are comparable to China Development Financial Holding Corp?
From the same area (Financial Services) we also value China Life Insurance Company, Ping An Insurance (Group) Company, AIA Group, Manulife Financial 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 China Development Financial Holding Corp stock attractive at the current price?
The data as of Aug 13, 2026: price 36.75 TWD, calculated fair value 24.33 TWD (−34%), Quality Score 36/100, 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 2883 calculated?
We run China Development Financial Holding Corp through 6 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 24.33 TWD, with the spread shown as a cautious and an optimistic scenario.
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