IBF Financial Holdings Co Ltd (2889) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of IBF Financial Holdings Co Ltd TWD 9.17, price TWD 16.55, upside -44.6%, quality 29 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 24, 2026.
How to read this chart
60‑month range 9.70 TWD – 17.60 TWD · fair‑value band 6.89 TWD – 11.47 TWD · the 16.55 TWD price screens above the 9.17 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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IBF Financial Holdings Co., Ltd., through its subsidiaries, provides various financial products and services for individual and corporate clients primarily in Taiwan.
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IBF Financial Holdings Co., Ltd., through its subsidiaries, provides various financial products and services for individual and corporate clients primarily in Taiwan. The company engages in the brokerage and proprietary trading of short-term bills and bonds; underwriting, certification, signing, and guarantee of commercial promissory notes; trading and underwriting securities, such as commercial papers and bonds; and consignment trading of securities. It is also involved in brokerage of securities proprietary trading, underwriting business, and margin trading; futures trading and futures auxiliary business; and short selling of securities, etc., as well as lending and borrowing business of securities. In addition, the company engages in acceptance of appointments to provide opinion on research and analysis for securities investment and discretionary services. Further, it is involved in venture capital and management consultant, futures, general investment businesses, as well as agency and financial leasing business of real estate and movables. IBF Financial Holdings Co., Ltd. was incorporated in 2002 and is based in Taipei, Taiwan.
Stock analysis
IBF Financial Holdings Co Ltd (2889) currently trades at 16.55 TWD, while our model-based Fair Value estimate is 9.17 TWD, implying the stock looks roughly 80.4% overvalued today.
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Valuation
How firm this estimate is: it rests on 15 models at a data quality of 92/100, which puts the evidence level at low.
Scenario range: 6.89 TWD (bear) to 11.47 TWD (bull), the price of 16.55 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 29/100 (below-average quality), in the Financial Services sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
IBF Financial Holdings Co Ltd reported revenue of 15.5B TWD in FY2025 versus 11.0B TWD in FY2021, a compound +9.1%/yr. Reported net income was 2.3B TWD in FY2025, compounding −12.3%/yr from FY2021.
Key figures
Market cap 75.4B TWD (≈ $2.4B) · P/E ratio 26.3 · P/S ratio 3.89 · EPS (TTM) 0.6300 TWD · Dividend yield 3.0% · Net margin 14.8% · Return on equity 6.7% · Return on assets (EBIT) 1.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (medium confidence).
What moves the price
The share trades about 6% below its 52-week high and 15% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −20% fair-value upside, at −45%, 2889 screens richer than that median.
Fair Value models
Bear 6.89 TWDFair Value 9.17 TWDBull 11.47 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 (0.0951 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.45/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+9.0%
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.
+23.3%
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.
+9.7%
Start year 2020 (pandemic). Over 10 years: +10.3% 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.
+3.7%
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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.
−10.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year−13.2%
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.−13% vs −1%, slowing
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.49% → 60%
Compare IBF Financial Holdings 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.Capital Markets · 463 stocks
Beats the industry median on 5/13 measures
Overall it trails its industry peers.
Valuation
Quality Score28 · Bottom 25%
Fair Value upside−45% · Bottom 25%
Profitability
Return on equity (TTM)7% · Below median
Return on assets1% · Below median
Net margin (TTM)31% · Above median
Operating margin (TTM)51% · Top 25%
Growth and dividend
Revenue growth52% · Above median
Dividend yield (TTM)3.0% · Above median
Balance sheet
Debt / equity0.26× · Above median
Valuation Multiplesvs Capital Markets median · lower = cheaper
P/E (TTM)26.3× · Pricier than median
P/B1.63× · Pricier than median
P/S (TTM)8.32× · Priciest 25%
EV/EBITDA8.9× · Cheaper than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 27
FUTURE (revenue growth)100· sector 91
PAST (return on equity)27· sector 30
HEALTH (low debt)87· sector 95
DIVIDEND (yield)60· sector 41
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). "IBF Financial Holdings Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/2889
Frequently asked questions
Is IBF Financial Holdings Co Ltd (2889) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 9.17 TWD versus a price of 16.55 TWD, about −45% upside (overvalued).
What is the fair value of 2889?
Our model-based fair value for IBF Financial Holdings Co Ltd is 9.17 TWD (as of Sep 24, 2026), built from audited fundamentals. The current price: 16.55 TWD.
What is the quality score of 2889?
IBF Financial Holdings Co Ltd has a Quality Score of 29/100. 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 IBF Financial Holdings Co Ltd (2889)?
Our model-based price target is the fair value of 9.17 TWD (as of Sep 24, 2026) from 2 valuation models. Cautious scenario 6.89 TWD, optimistic scenario 11.47 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the IBF Financial Holdings Co Ltd stock forecast for 2026?
Our models put fair value at 9.17 TWD, about −45% upside versus a price of 16.55 TWD (overvalued). Cautious scenario 6.89 TWD, optimistic scenario 11.47 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of IBF Financial Holdings Co Ltd (2889)?
IBF Financial Holdings Co Ltd reported trailing-twelve-month revenue of about 9.1B TWD (latest available figure, as of Sep 24, 2026).
Does IBF Financial Holdings Co Ltd pay a dividend?
IBF Financial Holdings Co Ltd currently shows a dividend yield of about 3.02% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of IBF Financial Holdings Co Ltd (2889)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For IBF Financial Holdings Co Ltd it is 9.17 TWD per share (as of Sep 24, 2026), against a price of 16.55 TWD. It is the blended result of 2 valuation models (cash flow, earnings, asset, dividend).
Is IBF Financial Holdings Co Ltd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 2889 trades above its calculated fair value: price 16.55 TWD, fair value 9.17 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 2889?
No. The price is what the market pays today (16.55 TWD); the fair value is what the company's own numbers justify (9.17 TWD). For IBF Financial Holdings Co Ltd the two are 7.38 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is IBF Financial Holdings Co Ltd worth?
The market values IBF Financial Holdings Co Ltd at about 75.4B TWD (market capitalisation, as of Sep 24, 2026). Per share that is 16.55 TWD; our models calculate a fair value of 9.17 TWD per share.
What do the bullish and bearish scenarios say about 2889?
Our models span a range for IBF Financial Holdings Co Ltd: cautious scenario 6.89 TWD, base 9.17 TWD, optimistic 11.47 TWD per share (as of Sep 24, 2026, price 16.55 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 2889?
IBF Financial Holdings Co Ltd trades at a price-to-earnings ratio of 26.3 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 9.17 TWD is built from several models across several years. Other multiples: P/B 1.6, P/S 8.3, EV/EBITDA 8.9.
How solid is the balance sheet of IBF Financial Holdings Co Ltd (2889)?
Balance-sheet figures for IBF Financial Holdings Co Ltd (as of Sep 24, 2026): return on equity 6.7%, debt of 0.26 per unit of equity. They feed the Quality Score of 29/100, which measures business quality independently of the share price.
How far is 2889 from its 52-week high?
IBF Financial Holdings Co Ltd trades at 16.55 TWD, about 6% below its 52-week high of 17.60 TWD and 15% above the low of 14.45 TWD (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 9.17 TWD is for.
Which stocks are comparable to IBF Financial Holdings Co Ltd?
From the same area (Financial Services) we also value Morgan Stanley, a financial holding company,, The Goldman Sachs Group, The Charles Schwab Corporation, Interactive Brokers 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 IBF Financial Holdings Co Ltd stock attractive at the current price?
The data as of Sep 24, 2026: price 16.55 TWD, calculated fair value 9.17 TWD (−45%), Quality Score 29/100, from 2 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 2889 calculated?
We run IBF Financial Holdings Co Ltd through 2 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 9.17 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 14.1 % above its aggregate fair value. IBF Financial Holdings 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 IBF Financial Holdings Co Ltd (2889)?
The closing price on Sep 24, 2026 was 16.55 TWD. Our model-based fair value is 9.17 TWD, about −45% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with IBF Financial Holdings Co Ltd right now?
The price sits above even our optimistic bull case (11.47 TWD). The favourable scenario is already priced in. Weak quality (29/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. 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 IBF Financial Holdings Co Ltd (2889) come from?
Earnings per share at IBF Financial Holdings Co Ltd grew +0.0 % a year from 2014 to 2025. Broken into its drivers: revenue per share +8.1 %, EBIT margin −0.1 %, tax rate −1.0 %, residual (interest, one-offs) −6.5 %. 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 IBF Financial Holdings Co Ltd
How large is the market capitalisation of IBF Financial Holdings Co Ltd (2889)?
The market capitalisation of IBF Financial Holdings Co Ltd is 75.4B TWD (≈ $2.4B). 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 IBF Financial Holdings Co Ltd (2889)?
The price-to-sales ratio of IBF Financial Holdings Co Ltd is 3.89 (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 IBF Financial Holdings Co Ltd (2889)?
Earnings per share at IBF Financial Holdings Co Ltd are 0.6300 TWD (price ÷ EPS = P/E 26.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of IBF Financial Holdings Co Ltd (2889)?
The dividend yield of IBF Financial Holdings Co Ltd is 3.0% (payout 79.4%). 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 IBF Financial Holdings Co Ltd (2889)?
The net margin of IBF Financial Holdings Co Ltd is 14.8% (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 IBF Financial Holdings Co Ltd (2889)?
The return on equity (ROE) of IBF Financial Holdings Co Ltd is 6.7% (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 IBF Financial Holdings Co Ltd (2889)?
On an EBIT basis the return on assets of IBF Financial Holdings Co Ltd is 1.2% (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 IBF Financial Holdings Co Ltd (2889)?
The operating margin of IBF Financial Holdings Co Ltd is 51.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at IBF Financial Holdings Co Ltd (2889)?
Revenue at IBF Financial Holdings Co Ltd is growing +51.5% versus a year earlier (3y avg +23.3%). 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 IBF Financial Holdings Co Ltd (2889)?
Earnings per share at IBF Financial Holdings Co Ltd are growing +123% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does IBF Financial Holdings Co Ltd (2889) generate?
The free cash flow of IBF Financial Holdings Co Ltd is −1.0B TWD (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does IBF Financial Holdings Co Ltd (2889) carry?
The net debt of IBF Financial Holdings Co Ltd is 334B TWD (fiscal year 2025). 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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