IBF Financial Holdings Co Ltd (2889) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of IBF Financial Holdings Co Ltd stock TWD 9.30, price TWD 15.85, that is 41.3% below the price, quality 33 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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IBF Financial Holdings Co Ltd
2889 · TWOur calculation puts a fair price 41% below what the stock costs today.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 5, 2026.
How to read this chart
60‑month range 9.31 TWD – 17.48 TWD · fair‑value band 9.30 TWD – 12.44 TWD · the 15.85 TWD price screens above the 9.30 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 5, 2026.
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Company profile
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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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 15.85 TWD, while our model-based Fair Value estimate is 9.30 TWD, 41% 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 12.78 TWD per share, and 1 of the 6 models we run sit above the 15.85 TWD price.
Bear case: the Dividend Discount group reads lowest at 4.22 TWD, and 5 of the 6 models stay below the price. Data coverage for this calculation is low.
Scenario range: 9.30 TWD (bear) to 12.44 TWD (bull), the price of 15.85 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 33/100 (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 73.9B TWD (≈ $2.3B) Mid · P/E ratio 25.6 · P/S ratio 3.78 · EPS (TTM) 0.6200 TWD · Dividend yield 3.1% · Net margin 14.8% · Return on equity 10.8% · Return on assets (EBIT) 1.2% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 53 out of 100 (medium confidence).
What moves the price
The share trades about 8% below its 52-week high and 14% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −11% fair-value upside, at −41%, 2889 screens richer than that median.
Fair Value models
All 6 models by family
Quality Score breakdown
It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.
Revenue & earnings trend
2889 screens overvalued: fair value 41% below the price. Compare with Morgan Stanley →
Compare IBF Financial Holdings Co Ltd with another stock
Price, fair value, quality and upside side by side.
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 · 384 stocks
Valuation Multiplesvs Capital Markets median · lower = cheaper
Strength profile in five axes (Snowflake)
VALUE 0: the price sits above our fair-value range.
HEALTH: for banks, insurers and similar financial firms borrowed money is part of the business, so we do not rate debt here.
Context: sector, industry, market
- Is the Financials sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- PEG ratio by industry
- Revenue growth by industry
- PEG screener for stocks with fair value
- Undervalued stocks: Taiwanese Stocks
- Valuation of the Taiwan market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Capital Markets stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value | Compare |
|---|---|---|---|---|
| Morgan Stanley MS | $181.44 | $260.72 | +44% | vs 2889 |
| The Charles Schwab Corporation SCHW | $91.49 | $117.60 | +29% | vs 2889 |
| Guotai Haitong Securities Co 601211 | ¥16.46 | ¥18.02 | +9% | vs 2889 |
| Nomura Holdings NMR | $9.42 | $10.20 | +8% | vs 2889 |
| The Goldman Sachs Group GS | $865.82 | $766.86 | −11% | vs 2889 |
| CITIC Securities Company 600030 | ¥25.72 | ¥20.42 | −21% | vs 2889 |
| Robinhood Markets, Inc HOOD | $80.91 | $47.60 | −41% | vs 2889 |
| Macquarie Group MQG | A$248.86 | A$123.84 | −50% | vs 2889 |
| East Money Information Co 300059 | ¥18.78 | ¥6.72 | −64% | vs 2889 |
| Interactive Brokers Group IBKR | $75.82 | $17.48 | −77% | vs 2889 |
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Key figures of IBF Financial Holdings Co Ltd
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