E.SUN Financial Holding Co Ltd (2884) fair value: what the stock is really worth
We calculate from audited financials what E.SUN Financial Holding Co Ltd 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.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 18, 2026.
How to read this chart
60‑month range 19.49 TWD – 47.30 TWD · fair‑value band 16.33 TWD – 31.61 TWD · the 46.20 TWD price screens above the 25.28 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 18, 2026.
E.SUN Financial Holding Company, Ltd., together with its subsidiaries, offers various financial banking products and services in Taiwan. It operates through Corporate Banking Unit; Individual Banking Unit; Overseas Branches and Subsidiaries; and Others segments.
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E.SUN Financial Holding Company, Ltd., together with its subsidiaries, offers various financial banking products and services in Taiwan. It operates through Corporate Banking Unit; Individual Banking Unit; Overseas Branches and Subsidiaries; and Others segments. The company provides deposits; bills/checks discounting; syndicated loans; domestic remittances; commercial acceptances; domestic letters of credit and guarantees; custodian services and warehousing; rental of safe deposit boxes; and credit card services. It undertakes foreign exchange operations, including import and export negotiations; general inward and outward remittance; foreign currency deposits, loans, and guarantees; and exchange of foreign cash and travelers checks. In addition, the company engages in securities investment, broking short-term bills, trading financial derivatives, wealth management, and trust operations; and acts as an agent for debenture issuance, bill payments and collections, underwriting, gold sales, and National Treasury services, as well as provides fiscal advisories, and corporate bond dealings. Further, it offers consigned trading for local and foreign securities, futures, options, credit, and lending to fulfill varied commodities needs of domestic and overseas clients; specializes in underwriting and distributing securities in primary market, assisting with initial public offerings, listings on the Taipei Exchange (TPEX) and Taiwan Stock Exchange (TWSE), over-the-counter trading, corporate fundraising, mergers and acquisitions, and financial advisory services comprising planning and consulting; and proprietary trading. Additionally, it invests in potential non-TWSE/TPEX foreign and domestic companies; provides management and industry consulting; assistance in fund solicitation, mergers and acquisitions, and strategic cooperation; and guide companies to engage in transformation and restructuring. The company was incorporated in 1992 and is based in Taipei, Taiwan.
Stock analysis
E.SUN Financial Holding Co Ltd (2884) currently trades at 46.20 TWD, while our model-based Fair Value estimate is 25.28 TWD, implying the stock looks roughly 82.7% overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 23.61 TWD per share, and 0 of the 6 models we run sit above the 46.20 TWD price.
Bear case: the Asset-Based group reads lowest at 11.30 TWD, and 6 of the 6 models stay below the price. Evidence for this calculation is high.
Scenario range: 16.33 TWD (bear) to 31.61 TWD (bull), the price of 46.20 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.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
E.SUN Financial Holding Co Ltd reported revenue of 40.9B TWD in FY2025 versus 67.2B TWD in FY2021, a compound −11.6%/yr. Reported net income was 34.4B TWD in FY2025, compounding +13.7%/yr from FY2021.
Key figures
Market cap 749B TWD (≈ $23.7B) · P/E ratio 21.8 · P/S ratio 18.3 · EPS (TTM) 2.12 TWD · Dividend yield 3.0% · Net margin 84.0% · Return on equity 13.0% · Return on assets (EBIT) 0.7%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 51 out of 100 (low confidence).
What moves the price
The share trades near its 52-week high and 57% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −31% fair-value upside, at −45%, 2884 screens richer than that median.
Fair Value models
Bear 16.33 TWDFair Value 25.28 TWDBull 31.61 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 (0.5227 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.99/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
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.
+28.2%
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.
+13.3%
Revenue growth 22 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.
+10.6%
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What shareholders gained per year (last 5 years), in TWD (mathematically smoothed) ⓘ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. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip. 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.
+14.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year+11.9%
Dividend (yield on the price)3.0%
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.10% vs 8%, steady
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.29% → 100%
2025 sits 51% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Growth Forecast
Little optimism in the price
The price assumes more growth than the company has delivered so far and less than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+4.8%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+54.0%
Yearly sales growth analysts expect, extended to five years.
News mood ⓘNews mood, the average tone of recent news (7 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Hype
Recent news coverage is unusually upbeat, far more positive than stocks are typically covered.
Compare E.SUN Financial Holding 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.Banks - Regional · 1074 stocks
Beats the industry median on 7/15 measures
A mixed picture versus its industry peers.
Valuation
Quality Score55 · Above median
Fair Value upside−42% · Bottom 25%
Profitability
Return on equity (TTM)13% · Above median
Return on assets1% · Below median
Net margin (TTM)40% · Top 25%
Operating margin (TTM)53% · Top 25%
Growth and dividend
Revenue growth15% · Above median
Dividend yield (TTM)3.0% · Above median
Balance sheet
Debt / equity0.36× · Above median
Valuation Multiplesvs Banks - Regional median · lower = cheaper
P/E (TTM)21.8× · Priciest 25%
P/B2.07× · Priciest 25%
P/S (TTM)6.38× · Priciest 25%
P/FCF0.5× · Cheapest 25%
EV/EBITDA11.0× · Pricier than median
PEG2.48× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 11
FUTURE (revenue growth)73· sector 45
PAST (return on equity)52· sector 41
HEALTH (low debt)82· sector 85
DIVIDEND (yield)61· sector 53
VALUE 0: the price sits above our fair-value range.
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). "E.SUN Financial Holding Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/2884
Frequently asked questions
Is E.SUN Financial Holding Co Ltd (2884) overvalued or undervalued?
As of Sep 18, 2026, our model estimates a fair value of 25.28 TWD versus a price of 46.20 TWD, about −45% upside (overvalued).
What is the fair value of 2884?
Our model-based fair value for E.SUN Financial Holding Co Ltd is 25.28 TWD (as of Sep 18, 2026), built from audited fundamentals. The current price: 46.20 TWD.
What is the quality score of 2884?
E.SUN Financial Holding 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 E.SUN Financial Holding Co Ltd (2884)?
Our model-based price target is the fair value of 25.28 TWD (as of Sep 18, 2026) from 6 valuation models. Cautious scenario 16.33 TWD, optimistic scenario 31.61 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the E.SUN Financial Holding Co Ltd stock forecast for 2026?
Our models put fair value at 25.28 TWD, about −45% upside versus a price of 46.20 TWD (overvalued). Cautious scenario 16.33 TWD, optimistic scenario 31.61 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of E.SUN Financial Holding Co Ltd (2884)?
E.SUN Financial Holding Co Ltd reported trailing-twelve-month revenue of about 88.4B TWD (latest available figure, as of Sep 18, 2026).
Does E.SUN Financial Holding Co Ltd pay a dividend?
E.SUN Financial Holding Co Ltd currently shows a dividend yield of about 3.03% relative to its recent price (as of Sep 18, 2026).
What growth is priced into E.SUN Financial Holding Co Ltd (2884)?
For today's price to be fair in a discounted-cash-flow model, E.SUN Financial Holding Co Ltd would have to grow free cash flow by +4.8 % per year for five years (discount rate 8.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -10.3 % per year. As of Sep 18, 2026.
What discount rate (WACC) does the fair value of 2884 use?
Our models discount E.SUN Financial Holding Co Ltd at 8.6 %: a base by market capitalisation (large), damped by beta 0.35, country premium for Taiwan. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For E.SUN Financial Holding Co Ltd that is +4.8 % per year a year over ten years, using the same discount rate (8.6 %) and the same formula as our fair value.
How much growth has E.SUN Financial Holding Co Ltd (2884) delivered so far?
Over the past 5 years revenue at E.SUN Financial Holding Co Ltd grew -10.3 % a year. The price currently implies +4.8 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of E.SUN Financial Holding Co Ltd (2884) growing?
The median revenue growth in the sector is +8.1 % a year. That is the yardstick for the growth priced into E.SUN Financial Holding Co Ltd (+4.8 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of E.SUN Financial Holding Co Ltd (2884)?
The free-cash-flow yield on the price is 4.54 %: that much free cash flow E.SUN Financial Holding Co Ltd produces per unit of market value. When it exceeds the discount rate of our models (8.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of E.SUN Financial Holding Co Ltd (2884)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For E.SUN Financial Holding Co Ltd it is 25.28 TWD per share (as of Sep 18, 2026), against a price of 46.20 TWD. It is the blended result of 6 valuation models (cash flow, earnings, asset, dividend).
Is E.SUN Financial Holding Co Ltd stock overvalued or undervalued in 2026?
As of Sep 18, 2026, 2884 trades above its calculated fair value: price 46.20 TWD, fair value 25.28 TWD, a gap of about −45% (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 2884?
No. The price is what the market pays today (46.20 TWD); the fair value is what the company's own numbers justify (25.28 TWD). For E.SUN Financial Holding Co Ltd the two are 20.92 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is E.SUN Financial Holding Co Ltd worth?
The market values E.SUN Financial Holding Co Ltd at about 749B TWD (market capitalisation, as of Sep 18, 2026). Per share that is 46.20 TWD; our models calculate a fair value of 25.28 TWD per share.
What do the bullish and bearish scenarios say about 2884?
Our models span a range for E.SUN Financial Holding Co Ltd: cautious scenario 16.33 TWD, base 25.28 TWD, optimistic 31.61 TWD per share (as of Sep 18, 2026, price 46.20 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 2884?
E.SUN Financial Holding Co Ltd trades at a price-to-earnings ratio of 21.8 (as of Sep 18, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 25.28 TWD is built from several models across several years. Other multiples: PEG 2.5, P/B 2.1, P/S 6.4, EV/EBITDA 11.0.
What is the PEG ratio of 2884?
The PEG ratio of E.SUN Financial Holding Co Ltd is 2.48 (P/E divided by earnings growth, as of Sep 18, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of E.SUN Financial Holding Co Ltd (2884)?
Balance-sheet figures for E.SUN Financial Holding Co Ltd (as of Sep 18, 2026): return on equity 13.0%, debt of 0.36 per unit of equity. They feed the Quality Score of 55/100, which measures business quality independently of the share price.
How far is 2884 from its 52-week high?
E.SUN Financial Holding Co Ltd trades at 46.20 TWD, about 30% below its 52-week high of 35.50 TWD and 57% above the low of 29.40 TWD (as of Sep 18, 2026). Distance from the high says nothing about value: that is what the fair value of 25.28 TWD is for.
Which stocks are comparable to E.SUN Financial Holding Co Ltd?
From the same area (Financial Services) we also value DBS Group, China Merchants Bank Co, Intesa Sanpaolo S.p.A, HDFC Bank Limited, 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 E.SUN Financial Holding Co Ltd stock attractive at the current price?
The data as of Sep 18, 2026: price 46.20 TWD, calculated fair value 25.28 TWD (−45%), 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 2884 calculated?
We run E.SUN Financial Holding Co Ltd 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 25.28 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 16.1 % above its aggregate fair value. E.SUN Financial Holding 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 E.SUN Financial Holding Co Ltd (2884)?
The closing price on Sep 21, 2026 was 46.20 TWD. Our model-based fair value is 25.28 TWD, about −45% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with E.SUN Financial Holding Co Ltd right now?
The price sits above even our optimistic bull case (31.61 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 (16.33 TWD to 31.61 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 E.SUN Financial Holding Co Ltd (2884) come from?
Earnings per share at E.SUN Financial Holding Co Ltd grew +7.0 % a year from 2014 to 2025. Broken into its drivers: revenue per share +6.0 %, EBIT margin +1.4 %, tax rate −0.4 %, 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 E.SUN Financial Holding Co Ltd
How large is the market capitalisation of E.SUN Financial Holding Co Ltd (2884)?
The market capitalisation of E.SUN Financial Holding Co Ltd is 749B TWD (≈ $23.7B). 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 E.SUN Financial Holding Co Ltd (2884)?
The price-to-sales ratio of E.SUN Financial Holding Co Ltd is 18.3 (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 E.SUN Financial Holding Co Ltd (2884)?
Earnings per share at E.SUN Financial Holding Co Ltd are 2.12 TWD (price ÷ EPS = P/E 21.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of E.SUN Financial Holding Co Ltd (2884)?
The dividend yield of E.SUN Financial Holding Co Ltd is 3.0% (payout 66.0%). 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 E.SUN Financial Holding Co Ltd (2884)?
The net margin of E.SUN Financial Holding Co Ltd is 84.0% (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 E.SUN Financial Holding Co Ltd (2884)?
The return on equity (ROE) of E.SUN Financial Holding Co Ltd is 13.0% (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 E.SUN Financial Holding Co Ltd (2884)?
On an EBIT basis the return on assets of E.SUN Financial Holding Co Ltd is 0.7% (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 E.SUN Financial Holding Co Ltd (2884)?
The operating margin of E.SUN Financial Holding Co Ltd is 52.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at E.SUN Financial Holding Co Ltd (2884)?
Revenue at E.SUN Financial Holding Co Ltd is growing +14.6% versus a year earlier (3y avg −19.6%). 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 E.SUN Financial Holding Co Ltd (2884)?
Earnings per share at E.SUN Financial Holding Co Ltd are growing +14.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does E.SUN Financial Holding Co Ltd (2884) carry?
The net debt of E.SUN Financial Holding Co Ltd is 14.7B TWD (fiscal year 2025, ≈ 0.4 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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