Taishin Financial Holding Co Ltd (2887) fair value: what the stock is really worth
As of Sep 29, 2026: fair value of Taishin Financial Holding Co Ltd TWD 16.44, price TWD 41.80, upside -60.7%, quality 40 out of 100. Calculated from audited financials with 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, dashed = 300-day average. As of Sep 27, 2026.
How to read this chart
60‑month range 9.29 TWD – 44.40 TWD · fair‑value band 12.33 TWD – 20.55 TWD · the 41.80 TWD price screens above the 16.44 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 27, 2026.
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TS Financial Holding Co., Ltd., together with its subsidiaries, provides various financial products and services.
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TS Financial Holding Co., Ltd., together with its subsidiaries, provides various financial products and services. It offers wealth management services, such as financial consulting, tax planning, trust, asset allocation advisory services, TWD and FCY deposits, investment, and insurance products; consumer lending services, including 1st and 2nd lien mortgage, auto loan, personal loan, micro SME loans, and credit cards; and e-payment services. The company also provides digital, internet, and mobile banking services; mobile payment services; ATM services; exchange rate, interest rate, stock, bond, commodity, and gold account; funding, underwriting, and bond management services for onshore/offshore bond issuers; and brokerage, proprietary trading, underwriting, concurrent operation of futures and the design, issuance, trading, hedging of derivatives. In addition, it offers financial advisory services, risk management, facilities and financing, short-term bill trading, and bond issuance to corporations, government departments and financial institutions; and corporate restructuring, reorganization, mergers, acquisitions and financial planning or other consulting services. Further, the company provides money market, fixed income, domestic equity, global equity, fund of funds, and ETFs; and insurance products comprising of life insurance, retirement planning, asset accumulation, health, and accidental injuries. The company was formerly known as Taishin Financial Holding Co., Ltd. and changed its name to TS Financial Holding Co., Ltd. in July 2025. The company was founded in 1992 and is based in Taipei, Taiwan.
Stock analysis
Taishin Financial Holding Co Ltd (2887) currently trades at 41.80 TWD, while our model-based Fair Value estimate is 16.44 TWD, 60.7% 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 19.34 TWD per share, and 0 of the 6 models we run sit above the 41.80 TWD price.
Bear case: the Asset-Based group reads lowest at 12.90 TWD, and 6 of the 6 models stay below the price. Evidence for this calculation is high.
Scenario range: 12.33 TWD (bear) to 20.55 TWD (bull), the price of 41.80 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 40/100 (below-average quality), in the Financial Services sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Taishin Financial Holding Co Ltd reported revenue of 316B TWD in FY2025 versus 66.4B TWD in FY2021, a compound +47.7%/yr. Reported net income was 37.4B TWD in FY2025, compounding +16.5%/yr from FY2021.
Key figures
Market cap 1.1T TWD (≈ $34.7B) · P/E ratio 22.1 · P/S ratio 2.61 · EPS (TTM) 1.89 TWD · Dividend yield 2.4% · Net margin 11.8% · Return on equity 17.1% · Return on assets (EBIT) 0.7%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 43 out of 100 (low confidence).
What moves the price
The share trades about 6% below its 52-week high and 135% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −38% fair-value upside, at −61%, 2887 screens richer than that median.
Fair Value models
Bear 12.33 TWDFair Value 16.44 TWDBull 20.55 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 (0.6732 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.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.100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+128.1%
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.
+55.8%
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.
+42.0%
Start year 2020 (pandemic). Over 10 years: +21.5% a year
Revenue growth 23 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.
+9.1%
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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.
+8.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year+5.6%
Dividend (yield on the price)2.4%
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.11.3% vs 8.0%, 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.30% → 13%
2025 sits 67% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Start year 2020 (pandemic)
Growth Forecast
Price in line with expectations
The price assumes less growth than the company has delivered so far and about what 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).
−9.3%
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.
−10.0%
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 −10.7% a year for the price and −11.4% for the forecasts.
Compare Taishin Financial Holding 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.Banks - Regional · 1056 stocks
Beats the industry median on 6/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score39 · Bottom 25%
Fair Value upside−60.7% · Bottom 25%
Profitability
Return on equity (TTM)17.1% · Top 25%
Return on assets1.2% · Above median
Net margin (TTM)49.0% · Top 25%
Operating margin (TTM)60.6% · Top 25%
Growth and dividend
Revenue growth361.8% · Top 25%
Dividend yield (TTM)2.4% · Below median
Balance sheet
Debt / equity0.45× · Above median
Valuation Multiplesvs Banks - Regional median · lower = cheaper
P/E (TTM)22.1× · Priciest 25%
P/B2.29× · book value is mostly goodwill ⓘGoodwill and other intangible assets are larger than the equity. The book value mainly reflects prices paid for past acquisitions, so we do not rank this P/B against the peer group.
P/S (TTM)6.84× · Priciest 25%
P/FCF8.6× · Cheaper than median
EV/EBITDA25.7× · Priciest 25%
PEG2.59× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 12
FUTURE (revenue growth)100· sector 47
PAST (return on equity)68· sector 41
HEALTH (low debt)77· sector 85
DIVIDEND (yield)47· 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). "Taishin Financial Holding Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/2887
Frequently asked questions
Is Taishin Financial Holding Co Ltd (2887) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of 16.44 TWD versus a price of 41.80 TWD, about −61% upside (overvalued).
What is the fair value of 2887?
Our model-based fair value for Taishin Financial Holding Co Ltd is 16.44 TWD (as of Sep 27, 2026), built from audited fundamentals. The current price: 41.80 TWD.
What is the quality score of 2887?
Taishin Financial Holding Co Ltd has a Quality Score of 40/100. 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 Taishin Financial Holding Co Ltd (2887)?
Our model-based price target is the fair value of 16.44 TWD (as of Sep 27, 2026) from 6 valuation models. Cautious scenario 12.33 TWD, optimistic scenario 20.55 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Taishin Financial Holding Co Ltd stock forecast for 2026?
Our models put fair value at 16.44 TWD, about −61% upside versus a price of 41.80 TWD (overvalued). Cautious scenario 12.33 TWD, optimistic scenario 20.55 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Taishin Financial Holding Co Ltd (2887)?
Taishin Financial Holding Co Ltd reported trailing-twelve-month revenue of about 162B TWD (latest available figure, as of Sep 27, 2026).
Does Taishin Financial Holding Co Ltd pay a dividend?
Taishin Financial Holding Co Ltd currently shows a dividend yield of about 2.37% relative to its recent price (as of Sep 27, 2026).
What growth is priced into Taishin Financial Holding Co Ltd (2887)?
For today's price to be fair in a discounted-cash-flow model, Taishin Financial Holding Co Ltd would have to grow free cash flow by -9.3 % 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 +42.0 % per year. As of Sep 27, 2026.
What discount rate (WACC) does the fair value of 2887 use?
Our models discount Taishin Financial Holding Co Ltd at 8.6 %: a base by market capitalisation (large), damped by beta 0.54, 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 Taishin Financial Holding Co Ltd that is -9.3 % 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 Taishin Financial Holding Co Ltd (2887) delivered so far?
Over the past 5 years revenue at Taishin Financial Holding Co Ltd grew +42.0 % a year. The price currently implies -9.3 % 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 Taishin Financial Holding Co Ltd (2887) growing?
The median revenue growth in the sector is +9.1 % a year. That is the yardstick for the growth priced into Taishin Financial Holding Co Ltd (-9.3 % 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 Taishin Financial Holding Co Ltd (2887)?
The free-cash-flow yield on the price is 11.61 %: that much free cash flow Taishin 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 Taishin Financial Holding Co Ltd (2887)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Taishin Financial Holding Co Ltd it is 16.44 TWD per share (as of Sep 27, 2026), against a price of 41.80 TWD. It is the blended result of 6 valuation models (cash flow, earnings, asset, dividend).
Is Taishin Financial Holding Co Ltd stock overvalued or undervalued in 2026?
As of Sep 27, 2026, 2887 trades above its calculated fair value: price 41.80 TWD, fair value 16.44 TWD, a gap of about −61% (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 2887?
No. The price is what the market pays today (41.80 TWD); the fair value is what the company's own numbers justify (16.44 TWD). For Taishin Financial Holding Co Ltd the two are 25.36 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Taishin Financial Holding Co Ltd worth?
The market values Taishin Financial Holding Co Ltd at about 1.1T TWD (market capitalisation, as of Sep 27, 2026). Per share that is 41.80 TWD; our models calculate a fair value of 16.44 TWD per share.
What do the bullish and bearish scenarios say about 2887?
Our models span a range for Taishin Financial Holding Co Ltd: cautious scenario 12.33 TWD, base 16.44 TWD, optimistic 20.55 TWD per share (as of Sep 27, 2026, price 41.80 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 2887?
Taishin Financial Holding Co Ltd trades at a price-to-earnings ratio of 22.1 (as of Sep 27, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 16.44 TWD is built from several models across several years. Other multiples: PEG 2.6, P/B 2.3, P/S 6.8, EV/EBITDA 25.7.
What is the PEG ratio of 2887?
The PEG ratio of Taishin Financial Holding Co Ltd is 2.59 (P/E divided by earnings growth, as of Sep 27, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Taishin Financial Holding Co Ltd (2887)?
Balance-sheet figures for Taishin Financial Holding Co Ltd (as of Sep 27, 2026): return on equity 17.1%, debt of 0.45 per unit of equity. They feed the Quality Score of 40/100, which measures business quality independently of the share price.
How far is 2887 from its 52-week high?
Taishin Financial Holding Co Ltd trades at 41.80 TWD, about 6% below its 52-week high of 44.40 TWD and 135% above the low of 17.80 TWD (as of Sep 29, 2026). Distance from the high says nothing about value: that is what the fair value of 16.44 TWD is for.
Which stocks are comparable to Taishin Financial Holding Co Ltd?
From the same area (Financial Services) we also value DBS Group, China Merchants Bank Co, UniCredit S.p.A, Intesa Sanpaolo S.p.A, 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 Taishin Financial Holding Co Ltd stock attractive at the current price?
The data as of Sep 27, 2026: price 41.80 TWD, calculated fair value 16.44 TWD (−61%), Quality Score 40/100, 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 2887 calculated?
We run Taishin 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 16.44 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 14.9 % above its aggregate fair value. Taishin 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 Taishin Financial Holding Co Ltd (2887)?
The closing price on Sep 29, 2026 was 41.80 TWD. Our model-based fair value is 16.44 TWD, about −61% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Taishin Financial Holding Co Ltd right now?
The price sits above even our optimistic bull case (20.55 TWD). The favourable scenario is already priced in. Weak quality (40/100) 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.
Where does the earnings growth of Taishin Financial Holding Co Ltd (2887) come from?
Earnings per share at Taishin Financial Holding Co Ltd grew +9.7 % a year from 2014 to 2025. Broken into its drivers: revenue per share +12.3 %, EBIT margin −5.6 %, tax rate +1.0 %, residual (interest, one-offs) +2.4 %. 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 Taishin Financial Holding Co Ltd
How large is the market capitalisation of Taishin Financial Holding Co Ltd (2887)?
The market capitalisation of Taishin Financial Holding Co Ltd is 1.1T TWD (≈ $34.7B). 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 Taishin Financial Holding Co Ltd (2887)?
The price-to-sales ratio of Taishin Financial Holding Co Ltd is 2.61 (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 Taishin Financial Holding Co Ltd (2887)?
Earnings per share at Taishin Financial Holding Co Ltd are 1.89 TWD (price ÷ EPS = P/E 22.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Taishin Financial Holding Co Ltd (2887)?
The dividend yield of Taishin Financial Holding Co Ltd is 2.4% (payout 52.4%). 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 Taishin Financial Holding Co Ltd (2887)?
The net margin of Taishin Financial Holding Co Ltd is 11.8% (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 Taishin Financial Holding Co Ltd (2887)?
The return on equity (ROE) of Taishin Financial Holding Co Ltd is 17.1% (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 Taishin Financial Holding Co Ltd (2887)?
On an EBIT basis the return on assets of Taishin 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 Taishin Financial Holding Co Ltd (2887)?
The operating margin of Taishin Financial Holding Co Ltd is 60.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Taishin Financial Holding Co Ltd (2887)?
Revenue at Taishin Financial Holding Co Ltd is growing +362% versus a year earlier (3y avg +55.8%). 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 Taishin Financial Holding Co Ltd (2887)?
Earnings per share at Taishin Financial Holding Co Ltd are growing +646% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Taishin Financial Holding Co Ltd (2887) carry?
The net debt of Taishin Financial Holding Co Ltd is 228B TWD (fiscal year 2025, ≈ 1.8 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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