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Taiwan Cooperative Financial Holding (5880) Fair Value & Analysis

Financial Services · TW · Market cap 395B TWD

TC Taiwan Cooperative Financial Holding 5880 · TW
Price26.20 TWD
Fair Value17.65 TWD
Upside-32.6%
Quality54/100
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Mixed Growth
Highly profitable · 31.3% net margin
Moderate debt · generates free cash flow
3.18% dividend yield
Mixed vs. peers (6/14)
Moderate moat 59/100
Evidence: High Range 13.24 TWD – 22.07 TWD Share as image

Fair value as of: Jul 14, 2026

From 26 valuation models · updated 24 days ago

Share price +4.4% over the past month.

A solid business, but screening 33% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (22.07 TWD). The favourable scenario is already priced in.
  • Solid but not exceptional quality (54/100) 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.
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Price vs Fair Value (5 years)

27.60 TWD 16.12 TWD Fair Value 17.65 TWD Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 14, 2026.

How to read this chart

60‑month range 16.12 TWD – 27.60 TWD · fair‑value band 13.24 TWD – 22.07 TWD · the 26.20 TWD price screens above the 17.65 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 14, 2026.

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Analysis

Taiwan Cooperative Financial Holding (5880) currently trades at 26.20 TWD, while our model-based Fair Value estimate is 17.65 TWD, implying the stock looks roughly 32.6% overvalued today. We read business quality at 54/100 (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, Taiwan Cooperative Financial Holding generated revenue of 71.0B TWD at a net margin of 31.3%. Revenue grew 8.9% year over year. It earns a return on equity of 8.1%. Net debt stands at 323B TWD. Fundamentals as of Jul 14, 2026

Our scenario range runs from 13.24 TWD (bear case) to 22.07 TWD (bull case); at 26.20 TWD, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 1% below its 52-week high and 16% above its 52-week low, currently above its 200-day average. For context, the median of 10 Financial Services peers we cover trades at 42% fair-value upside, at -33%, 5880 screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth DCF 40.34 TWD 71.01 TWD 131.14 TWD 80
Residual Income 14.98 TWD 16.07 TWD 18.34 TWD 76
Rev-Margin DCF 31.67 TWD 48.76 TWD 73.84 TWD 74
All 26 models by family
DCF Models
FCF DCF 41.51 TWD 64.18 TWD 129.02 TWD 38
Owner Earnings 35.53 TWD 65.84 TWD 131.08 TWD 31
5Y Revenue Exit 31.67 TWD 47.51 TWD 75.48 TWD 39
5Y EBITDA Exit 32.92 TWD 50.26 TWD 78.97 TWD 41
5Y P/E Exit 34.53 TWD 56.21 TWD 83.48 TWD 38
10Y Revenue Exit 33.83 TWD 53.39 TWD 78.59 TWD 36
10Y EBITDA Exit 35.37 TWD 55.75 TWD 91.18 TWD 37
10Y P/E Exit 36.52 TWD 58.78 TWD 95.55 TWD 35
Earnings-Based
Graham-Dodd 9.23 TWD 62.12 TWD 87.04 TWD 54
Lynch FV 18.19 TWD 25.99 TWD 33.79 TWD 50
PEG = 1.0 18.19 TWD 25.99 TWD 33.79 TWD 46
EPV 25.65 TWD 28.06 TWD 30.21 TWD 59
Dividend Discount
Gordon GGM 6.54 TWD 14.27 TWD 24.01 TWD 70
DDM Multi-Stage 6.54 TWD 11.69 TWD 14.87 TWD 61
Multiples
P/E Multiple 20.37 TWD 27.16 TWD 33.95 TWD 63
P/S Multiple 17.31 TWD 23.09 TWD 28.86 TWD 58
P/B Multiple 17.31 TWD 23.09 TWD 28.86 TWD 55
EV/EBIT 34.61 TWD 42.16 TWD 49.71 TWD 53
EV/EBITDA 30.09 TWD 36.13 TWD 42.17 TWD 54
EV/Revenue 27.23 TWD 33.77 TWD 40.32 TWD 43
Asset-Based
NCAV (Graham) 8.90 TWD 11.93 TWD 17.81 TWD 50
Growth DCF
Growth DCF 40.34 TWD 71.01 TWD 131.14 TWD 80
Rev-Margin DCF 31.67 TWD 48.76 TWD 73.84 TWD 74
Economic Profit
Residual Income 14.98 TWD 16.07 TWD 18.34 TWD 76
ROIC Compounder 29.10 TWD 37.32 TWD 49.20 TWD 72
Growth Earnings
Growth-Adj P/E 24.71 TWD 35.30 TWD 45.89 TWD 68

Widest divergence: DCF Models (55.75 TWD) versus Dividend Discount (11.69 TWD). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 71.0B TWD
Revenue growth (YoY) +8.9%
Net margin 31.3%
Return on equity 8.1%
Free cash flow 28.4B TWD FY2025
P/E ratio 18.5
More key figures
Operating margin 48.4%
EPS (TTM) 1.36 TWD
Dividend yield 3.2%
EPS growth (YoY) +20.2%
Net debt 323B TWD FY2025

Figures from reported company fundamentals · as of Jul 14, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 54/100

Of which business quality 44 · Market factors (momentum, volatility) 68

Profitability 25
Margins and returns on capital today
Quality Growth 46
Are margins and returns improving?
Cashflow 78
Earnings quality: real cash, not paper profit
Fin. Strength 24
Balance sheet, leverage, solvency risk
Investment 74
Disciplined investing over empire-building
Low Volatility 100
Calm price path (market factor)
Momentum 49
Price trend over the last 3–12 months (market factor)
52W Momentum 66
Distance to the 52-week high (market factor)
Net Issuance 22
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Taiwan Cooperative Financial Holding Co., Ltd., together with its subsidiaries, provides banking, insurance, securities, bills finance, investment trust, asset management, and capital management services in Taiwan. The company offers general deposits and loans.

Full company description

Taiwan Cooperative Financial Holding Co., Ltd., together with its subsidiaries, provides banking, insurance, securities, bills finance, investment trust, asset management, and capital management services in Taiwan. The company offers general deposits and loans. It is also involved in the planning, management, and operation of the trust business; securities investment trust, discretionary investment, and securities investment consulting business; venture capital activities; investment consulting; and financial leasing business. In addition, the company engages in securities brokerage; brokerage and trading of short-term bills; issuance and underwriting services of commercial promissory notes; guarantor services for promissory notes or bills of exchange; brokerage services for interbank lending; consulting services related to corporate finance; brokerage and trading of government bonds; signing, underwriting, brokerage, and trading of financial bonds; trading of corporate bonds; investing in related equity products; and other related businesses. Further, it is involved in the purchase, appraisal, auction, and management of financial institutions' financial claims, as well as the acquisition of accounts receivable and management of overdue receivables. Further, the company offers personal injury, health, annuity, and investment-type insurance products, along with life and property insurance brokerage services. Taiwan Cooperative Financial Holding Co., Ltd. was incorporated in 2011 and is based in Taipei, Taiwan.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Taiwan Cooperative Financial Holding reported revenue of 147B TWD in FY2025 versus 67.7B TWD in FY2021, a compound +21.5%/yr. Reported net income was 21.3B TWD in FY2025, compounding +0.9%/yr from FY2021.

Growth Quality 87/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
147B TWD
Latest YoY
+3.8%
Avg. growth/yr (3Y)
+22.9%
Avg. growth/yr (5Y)
+16.1%
Avg. growth/yr (23Y)
+2.9%
Revenue +21.5%/yr
FY21 67.7B TWD
FY22 79.4B TWD
FY23 123B TWD
FY24 142B TWD
FY25 147B TWD
Net income +0.9%/yr
FY21 20.5B TWD
FY22 20.2B TWD
FY23 17.3B TWD
FY24 19.2B TWD
FY25 21.3B TWD

5880 screens 33% overvalued. Compare with PT Bank Central Asia Tbk →

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Cite: Fair Value Calculator (2026). "Taiwan Cooperative Financial Holding Fair Value". https://www.fairvalue-calculator.com/stock/5880

Peer Group

Banks - Regional · 1082 stocks

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.

Quality Score 55 · Below median
Fair Value upside −33% · Bottom 25%
Return on equity (TTM) 8% · Below median
Return on assets 0% · Bottom 25%
Net margin (TTM) 31% · Above median
Operating margin (TTM) 48% · Above median
Revenue growth 9% · Above median
Dividend yield (TTM) 3.2% · Above median
Debt / equity 0.73× · Higher than median

Valuation Multiples vs Banks - Regional median · lower = cheaper

P/E (TTM) 18.5× · Pricier than 75% of peers
P/B 1.42× · Pricier than 75% of peers
P/S (TTM) 5.57× · Pricier than 75% of peers
P/FCF 0.4× · Cheaper than 75% of peers
EV/EBITDA 7.3× · Cheaper than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 39
FUTURE 45 · sector 44
PAST 32 · sector 41
HEALTH 63 · sector 85
DIVIDEND 64 · sector 49

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Banks - Regional stocks, each showing price versus our Fair Value estimate (as of Jul 14, 2026).

Stock Price Fair Value vs Fair Value
PT Bank Central Asia Tbk BBCA 6,175 IDR 6,087 IDR -1%
KB Financial Group 105560 184,400 KRW 213,797 KRW +16%
PT Bank Rakyat Indonesia (Persero) Tbk BBRI 2,970 IDR 4,891 IDR +65%
PT Bank Mandiri (Persero) Tbk BMRI 4,310 IDR 7,841 IDR +82%
Banco Bradesco S.A BBD 5,120 ARS 10,240 ARS +100%
Shinhan Financial Group 055550 107,900 KRW 137,259 KRW +27%
Hana Financial Group 086790 136,800 KRW 193,969 KRW +42%
Lloyds Banking Group LYG 4,138 ARS 8,275 ARS +100%
Banco de Chile, CHILE 193.10 CLP 152.55 CLP -21%
Joint Stock Commercial Bank for Foreign Trade of Vietnam, VCB 59,400 VND 84,201 VND +42%

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Frequently asked questions

Is Taiwan Cooperative Financial Holding (5880) overvalued or undervalued?
As of Jul 14, 2026, our model estimates a fair value of 17.65 TWD versus a price of 26.20 TWD, about −33% (overvalued).
What is the fair value of 5880?
Our model-based fair value for Taiwan Cooperative Financial Holding is 17.65 TWD (as of Jul 14, 2026), built from audited fundamentals. The current price is 26.20 TWD.
What is the quality score of 5880?
Taiwan Cooperative Financial Holding has a Quality Score of 54/100. It combines two groups: business quality (profitability, growth, cash flow, balance-sheet strength) and market factors (price momentum, distance to the 52-week high, volatility). Both subtotals are shown separately in the detail view.
What is the revenue of Taiwan Cooperative Financial Holding (5880)?
Taiwan Cooperative Financial Holding reported trailing-twelve-month revenue of about 71.0B TWD (latest available figure, as of Jul 14, 2026).
What is the net profit margin of 5880?
The net profit margin of Taiwan Cooperative Financial Holding is about 31.3%, meaning it keeps roughly 31.3% of revenue as net income. Based on the latest reported figures.
Does Taiwan Cooperative Financial Holding pay a dividend?
Taiwan Cooperative Financial Holding currently shows a dividend yield of about 3.38% relative to its recent price (as of Jul 14, 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.

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