CTBC Financial Holding (2891) Fair Value & Analysis

Financial Services · TW · Market cap 1.3T TWD

CF CTBC Financial Holding 2891 · TW

Price70.30 TWD

Fair Value53.26 TWD

Upside-24.2%

Quality69/100

Evidence: High Range 39.95 TWD – 66.58 TWD

Fair value as of: Jun 26, 2026

From 26 valuation models · updated 5 days ago

Fair value updated Jun 26, 2026 — revised from 41.08 TWD to 53.26 TWD (+29.6%) since Jun 24, 2026. Share price +9.0% over the past month.

Price vs Fair Value (12 months)

12‑month range 40.60 TWD – 72.81 TWD · fair‑value band 39.95 TWD – 66.58 TWD · the 70.30 TWD price screens above the 53.26 TWD fair value. As of Jun 26, 2026.

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Analysis

CTBC Financial Holding (2891) currently trades at 70.30 TWD, while our model-based Fair Value estimate is 53.26 TWD — implying the stock looks roughly 24.2% overvalued today. We read business quality at 69/100 (solid quality), in the Financial Services sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: high).

Over the trailing twelve months, CTBC Financial Holding generated revenue of 583B TWD at a net margin of 16.1%. Revenue grew 18.9% year over year. It earns a return on equity of 17.1%. Net debt stands at 298B TWD. Fundamentals as of Jun 26, 2026

Key figures & financial health

Revenue (TTM) 583B TWD

Revenue growth (YoY) +18.9%

Net margin 16.1%

Return on equity 17.1%

Free cash flow 122B TWD FY2025

P/E ratio 16.4

More key figures

Operating margin 56.5%

EPS (TTM) 4.06 TWD

Dividend yield 3.7%

EPS growth (YoY) +118%

Net debt 298B TWD FY2025

Figures from reported company fundamentals (EODHD) · as of Jun 26, 2026. TTM = trailing twelve months.

About the company

CTBC Financial Holding Co., Ltd., together with its subsidiaries, engages in corporate and personal finance, life insurance, and other businesses in Taiwan, Asia, and North America. The company offers commercial banking and capital market services; customized financing and wealth management and credit services; life insurance services; and designs, provides, and trades in various financial products. It is also involved in deposit and loan; securities and futures; venture capital; asset management; issuance and sale of various types of lottery tickets; prize redemption operations and management, and promotion activities; personal insurance; investment trust; operation of an installment payment sales business; services, leasing business and accounts receivable; cash purchase and sale; guarantee; debt and fund management; securities investment advisory; and wholesale business. In addition, the company provides educational supplies, musical instruments, and recreational products; …

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

CTBC Financial Holding reported revenue of 501B TWD in FY2025 versus 185B TWD in FY2021, a compound +28.2%/yr. Reported net income was 80.6B TWD in FY2025, compounding +10.4%/yr from FY2021.

Revenue +28.2%/yr

FY21 185B TWD

FY22 151B TWD

FY23 426B TWD

FY24 454B TWD

FY25 501B TWD

Net income +10.4%/yr

FY21 54.2B TWD

FY22 31.3B TWD

FY23 56.1B TWD

FY24 72.0B TWD

FY25 80.6B TWD

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Frequently asked questions

Is CTBC Financial Holding (2891) undervalued?

As of Jun 26, 2026, our model estimates a fair value of 53.26 TWD versus a price of 70.30 TWD — about −24% (overvalued). Model-based estimate, not financial advice.

What is the fair value of 2891?

Our model-based fair value for CTBC Financial Holding is 53.26 TWD (as of Jun 26, 2026), built from audited fundamentals. The current price is 70.30 TWD.

What is the quality score of 2891?

CTBC Financial Holding has a Quality Score of 69/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.

What is the revenue of CTBC Financial Holding (2891)?

CTBC Financial Holding reported trailing-twelve-month revenue of about 583B TWD (latest available figure, as of Jun 26, 2026).

What is the net profit margin of 2891?

The net profit margin of CTBC Financial Holding is about 16.1%, meaning it keeps roughly 16.1% of revenue as net income. Based on the latest reported figures.

Does CTBC Financial Holding pay a dividend?

CTBC Financial Holding currently shows a dividend yield of about 3.68% relative to its recent price (as of Jun 26, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.