Mega Financial Holding Co Ltd (2886) fair value: what the stock is really worth
As of Nov 5, 2026: fair value (intrinsic value) of Mega Financial Holding Co Ltd stock TWD 25.31, price TWD 54.00, that is 53.1% below the price, quality 62 out of 100. Rating: strongly overvalued. Calculated from audited financials with 6 of our 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 6, 2026.
How to read this chart
60‑month range 26.72 TWD – 55.20 TWD · fair‑value band 23.15 TWD – 29.73 TWD · the 54.00 TWD price screens above the 25.31 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.
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Mega Financial Holding Co., Ltd. provides various financial services in Taiwan.
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It offers brokerage, dealing and underwriting of short-term debt instruments and financial debentures; notary services for short-term debt instruments and financial debentures; guarantee or endorsement services for short-term debt instruments; brokerage for inter-bank call loans; proprietary trading in government bonds; and foreign and domestic securities brokerage, securities dealing, securities underwriting, and future services.
The company also provides fire, marine cargo, marine hull, auto, aviation, engineering, liability, credit and bond, and accidental insurance products; acquisition and underwriting services, including acquiring NPLs, real estate investment, and corporate restructuring; and collection solutions.
In addition, it is involved in the venture capital and leverage buy-out investment; and issuing and managing equity fund, fixed income fund, and other investment trust instruments.
Further, the company engages in deposits loan and guarantee business, trading financing, remittance business, offshore banking business, short-term bills business, foreign exchange trading, safety deposit box business, book-entry government bond business, various kinds of ATM debit card business and electronic banking, and internet banking business; credit card business, consumer loans, student loans, home purchase and maintenance loans, private banking, car loans, and credit insurance consumer loans; equity and investments, securities underwriting business, as well as financial planning and consulting services; and money trust, custodian services, trusteeship for bond issuances, and distribution of trust fund beneficiary certificates.
The company was formerly known as CTB Financial Holding Co., Ltd. and changed its name to Mega Financial Holding Co., Ltd. in December 2002. The company was incorporated in 2002 and is headquartered in Taipei, Taiwan.
Stock analysis
Mega Financial Holding Co Ltd (2886) currently trades at 54.00 TWD, while our model-based Fair Value estimate is 25.31 TWD, 53% 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 30.71 TWD per share, and 0 of the 6 models we run sit above the 54.00 TWD price.
Bear case: the Dividend Discount group reads lowest at 17.16 TWD, and 6 of the 6 models stay below the price. Data coverage for this calculation is high.
Scenario range: 23.15 TWD (bear) to 29.73 TWD (bull), the price of 54.00 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 62/100 (solid quality), in the Financial Services sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Mega Financial Holding Co Ltd reported revenue of 39.5B TWD in FY2025 versus 69.3B TWD in FY2021, a compound −13.1%/yr. Reported net income was 35.0B TWD in FY2025, compounding +8.0%/yr from FY2021.
Key figures
Market cap 797B TWD (≈ $24.2B) Large · P/E ratio 22.9 · P/S ratio 9.51 · EPS (TTM) 2.36 TWD · Dividend yield 3.2% · Net margin 45.5% · Return on equity 10.0% · Return on assets (EBIT) 0.7%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 66 out of 100 (low confidence).
What moves the price
The share trades about 2% below its 52-week high and 41% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −35% fair-value upside, at −53%, 2886 screens richer than that median.
Fair Value models
Bear23.15 TWDFair Value 25.31 TWDBull29.73 TWD
Price 54.00 TWD · Downside -53.1%
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 (0.5181 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.81/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
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.
+36.3%
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.
+11.5%
Revenue growth 25 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.
+6.2%
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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.
+9.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year+5.8%
Dividend (yield on the price)3.2%
Per share before 2022divided by the spin-off factor 1.025
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.5.8% vs 0.5%, 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.38% → 100%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less 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).
−28.7%
The company could shrink this much every year for the next five years and today's price would still be justified.
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.
+20.0%
Yearly sales growth analysts expect, extended to five years.
After inflation (Taiwan: IMF forecast 1.6% a year to 2030, 1.5% from 2016 to 2025) that is about −29.9% a year for the price and +18.1% for the forecasts.
Compare Mega 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 · 1002 stocks
Beats the industry median on 7/15 measures
A mixed picture versus its industry peers.
Valuation
Quality Score62 · Top 25%
Fair Value upside−53.1% · Bottom 25%
Profitability
Return on equity (12 months)10.0% · Below median
Return on assets0.7% · Below median
Net margin (12 months)45.5% · Top 25%
Operating margin (12 months)59.6% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)25.2% · Top 25%
Dividend yield (12 months)3.2% · Above median
Balance sheet
Debt / equity0.11× · Below median
Valuation Multiplesvs Banks - Regional median · lower = cheaper
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). "Mega Financial Holding Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/2886
Frequently asked questions
Is Mega Financial Holding Co Ltd (2886) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of 25.31 TWD versus a price of 54.00 TWD, about 53% lower (overvalued).
What is the fair value of 2886?
Our model-based fair value for Mega Financial Holding Co Ltd is 25.31 TWD (as of Nov 6, 2026), built from audited fundamentals. The current price: 54.00 TWD.
What is the quality score of 2886?
Mega Financial Holding Co Ltd has a Quality Score of 62/100. 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 Mega Financial Holding Co Ltd (2886)?
Our model-based price target is the fair value of 25.31 TWD (as of Nov 6, 2026) from 6 valuation models. Cautious scenario 23.15 TWD, optimistic scenario 29.73 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Mega Financial Holding Co Ltd stock forecast for 2026?
Our models put fair value at 25.31 TWD, about 53% lower versus a price of 54.00 TWD (overvalued). Cautious scenario 23.15 TWD, optimistic scenario 29.73 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Mega Financial Holding Co Ltd (2886)?
Mega Financial Holding Co Ltd reported trailing-twelve-month revenue of about 83.8B TWD (latest available figure, as of Nov 6, 2026).
Does Mega Financial Holding Co Ltd pay a dividend?
Mega Financial Holding Co Ltd currently shows a dividend yield of 3.24% relative to its recent price (as of Nov 6, 2026).
What growth is priced into Mega Financial Holding Co Ltd (2886)?
For today's price to be fair in a discounted-cash-flow model, Mega Financial Holding Co Ltd would have to grow free cash flow by -28.7 % 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 -12.7 % per year. As of Nov 6, 2026.
What discount rate (WACC) does the fair value of 2886 use?
Our models discount Mega Financial Holding Co Ltd at 8.6 %: a base by market capitalisation (large), damped by beta 0.34, 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 Mega Financial Holding Co Ltd that is -28.7 % 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 Mega Financial Holding Co Ltd (2886) delivered so far?
Over the past 5 years revenue at Mega Financial Holding Co Ltd grew -12.7 % a year. The price currently implies -28.7 % 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 Mega Financial Holding Co Ltd (2886) growing?
The median revenue growth in the sector is +9.4 % a year. That is the yardstick for the growth priced into Mega Financial Holding Co Ltd (-28.7 % 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 Mega Financial Holding Co Ltd (2886)?
The free-cash-flow yield on the price is 19.92 %: that much free cash flow Mega 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 Mega Financial Holding Co Ltd (2886)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Mega Financial Holding Co Ltd it is 25.31 TWD per share (as of Nov 6, 2026), against a price of 54.00 TWD. It is the blended result of 6 valuation models (cash flow, earnings, asset, dividend).
Is Mega Financial Holding Co Ltd stock overvalued or undervalued in 2026?
As of Nov 6, 2026, 2886 trades above its calculated fair value: price 54.00 TWD, fair value 25.31 TWD, a gap of about −53% (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 2886?
No. The price is what the market pays today (54.00 TWD); the fair value is what the company's own numbers justify (25.31 TWD). For Mega Financial Holding Co Ltd the two are 28.69 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Mega Financial Holding Co Ltd worth?
The market values Mega Financial Holding Co Ltd at about 797B TWD (market capitalisation, as of Nov 6, 2026). Per share that is 54.00 TWD; our models calculate a fair value of 25.31 TWD per share.
What do the bullish and bearish scenarios say about 2886?
Our models span a range for Mega Financial Holding Co Ltd: cautious scenario 23.15 TWD, base 25.31 TWD, optimistic 29.73 TWD per share (as of Nov 6, 2026, price 54.00 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 2886?
Mega Financial Holding Co Ltd trades at a price-to-earnings ratio of 22.9 (as of Nov 6, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 25.31 TWD is built from several models across several years. Other multiples: PEG 1.5, P/B 2.0, P/S 9.5, EV/EBITDA 9.6.
What is the PEG ratio of 2886?
The PEG ratio of Mega Financial Holding Co Ltd is 1.54 (P/E divided by earnings growth, as of Nov 6, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Mega Financial Holding Co Ltd (2886)?
Balance-sheet figures for Mega Financial Holding Co Ltd (as of Nov 6, 2026): return on equity 10.0%, debt of 0.11 per unit of equity. They feed the Quality Score of 62/100, which measures business quality independently of the share price.
How far is 2886 from its 52-week high?
Mega Financial Holding Co Ltd trades at 54.00 TWD, about 2% below its 52-week high of 55.20 TWD and 41% above the low of 38.35 TWD (as of Nov 5, 2026). Distance from the high says nothing about value: that is what the fair value of 25.31 TWD is for.
Which stocks are comparable to Mega Financial Holding Co Ltd?
From the same area (Financial Services) we also value China Merchants Bank Co, DBS Group, UniCredit S.p.A, Mizuho Financial Group, 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 Mega Financial Holding Co Ltd stock attractive at the current price?
The data as of Nov 6, 2026: price 54.00 TWD, calculated fair value 25.31 TWD (−53%), Quality Score 62/100, 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 2886 calculated?
We run Mega 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 25.31 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 15.5% above its aggregate fair value. Mega 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 Mega Financial Holding Co Ltd (2886)?
The closing price on Nov 5, 2026 was 54.00 TWD. Our model-based fair value is 25.31 TWD, about 53% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Mega Financial Holding Co Ltd right now?
The price sits above even our optimistic bull case (29.73 TWD). The favourable scenario is already priced in. Solid but not exceptional quality (62/100) 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 Mega Financial Holding Co Ltd (2886) come from?
Earnings per share at Mega Financial Holding Co Ltd grew +1.4 % a year from 2014 to 2025. Broken into its drivers: revenue per share +4.3 %, EBIT margin −3.4 %, 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 Mega Financial Holding Co Ltd
How large is the market capitalisation of Mega Financial Holding Co Ltd (2886)?
The market capitalisation of Mega Financial Holding Co Ltd is 797B TWD (≈ $24.2B). 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 Mega Financial Holding Co Ltd (2886)?
The price-to-sales ratio of Mega Financial Holding Co Ltd is 9.51 (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 Mega Financial Holding Co Ltd (2886)?
Earnings per share at Mega Financial Holding Co Ltd are 2.36 TWD (price ÷ EPS = P/E 22.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Mega Financial Holding Co Ltd (2886)?
The dividend yield of Mega Financial Holding Co Ltd is 3.2% (payout 74.2%). 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 Mega Financial Holding Co Ltd (2886)?
The net margin of Mega Financial Holding Co Ltd is 45.5% (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 Mega Financial Holding Co Ltd (2886)?
The return on equity (ROE) of Mega Financial Holding Co Ltd is 10.0% (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 Mega Financial Holding Co Ltd (2886)?
On an EBIT basis the return on assets of Mega 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 Mega Financial Holding Co Ltd (2886)?
The operating margin of Mega Financial Holding Co Ltd is 59.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Mega Financial Holding Co Ltd (2886)?
Revenue at Mega Financial Holding Co Ltd is growing +25.2% versus a year earlier (3y avg −23.1%). 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 Mega Financial Holding Co Ltd (2886)?
Earnings per share at Mega Financial Holding Co Ltd are growing +17.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Mega Financial Holding Co Ltd (2886) carry?
The net debt of Mega Financial Holding Co Ltd is 737B TWD (fiscal year 2025, ≈ 4.6 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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Broad data
Nov 6, 2026