Financials E.SUN Financial Holding Company, Ltd.

Equities

2884

TW0002884004

Banks

End-of-day quote Taiwan S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
27.1 TWD -0.18% Intraday chart for E.SUN Financial Holding Company, Ltd. +2.07% +5.04%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 324,184 321,089 374,597 343,316 404,131 424,494 - -
Enterprise Value (EV) 1 324,184 321,089 374,597 343,316 404,131 424,494 424,494 424,494
P/E ratio 16.1 x 17.9 x 18.2 x 21.9 x 18.3 x 18.4 x 17.5 x 16.9 x
Yield 2.84% 2.39% 2.39% - - 2.97% 3.18% 3.4%
Capitalization / Revenue 5.94 x 5.71 x 6.47 x 6.26 x 6.06 x 6.15 x 5.96 x 5.81 x
EV / Revenue 5.94 x 5.71 x 6.47 x 6.26 x 6.06 x 6.15 x 5.96 x 5.81 x
EV / EBITDA - - - - - - - -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 1.87 x 1.77 x 1.93 x 1.74 x - 1.7 x 1.61 x -
Nbr of stocks (in thousands) 14,747,528 14,772,919 14,794,522 14,815,798 15,664,000 15,664,000 - -
Reference price 2 21.98 21.73 25.32 23.17 25.80 27.10 27.10 27.10
Announcement Date 2/12/20 3/19/21 2/15/22 2/24/23 3/15/24 - - -
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 54,568 56,249 57,874 54,806 66,696 69,048 71,279 73,056
EBITDA - - - - - - - -
EBIT 1 24,795 26,981 26,065 21,980 29,194 27,240 31,374 28,830
Operating Margin 45.44% 47.97% 45.04% 40.1% 43.77% 39.45% 44.02% 39.46%
Earnings before Tax (EBT) 1 23,159 20,529 23,998 19,903 26,512 28,394 28,098 30,287
Net income 1 20,099 18,027 20,567 15,759 21,726 22,631 23,995 25,132
Net margin 36.83% 32.05% 35.54% 28.75% 32.58% 32.78% 33.66% 34.4%
EPS 2 1.363 1.216 1.390 1.060 1.410 1.475 1.550 1.604
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 0.6232 0.5189 0.6048 - - 0.8054 0.8616 0.9214
Announcement Date 2/12/20 3/19/21 2/15/22 2/24/23 3/15/24 - - -
1TWD in Million2TWD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 15,188 14,645 13,551 12,133 14,348 14,774 15,800 15,504 16,877 18,514 17,805 16,382 17,144 16,402 15,456
EBITDA - - - - - - - - - - - - - - -
EBIT 1 7,200 6,408 5,684 - - - - - - - 8,393 7,056 7,313 6,866 -
Operating Margin 47.4% 43.76% 41.94% - - - - - - - 47.14% 43.07% 42.65% 41.86% -
Earnings before Tax (EBT) 1 6,430 5,420 5,339 3,901 5,602 5,061 7,536 5,714 6,356 6,906 6,927 5,929 6,206 6,184 6,373
Net income 1 5,638 4,682 4,325 2,768 4,563 4,111 6,042 4,501 5,339 5,844 5,968 5,128 5,428 5,421 5,863
Net margin 37.12% 31.97% 31.92% 22.82% 31.8% 27.83% 38.24% 29.03% 31.63% 31.57% 33.52% 31.3% 31.66% 33.05% 37.93%
EPS 2 0.3791 0.3340 0.2889 0.1831 0.3083 0.2698 0.4047 0.2900 0.3400 0.3700 0.3800 0.3250 0.3500 0.3500 0.3700
Dividend per Share - - - - - - - - - - - - - - -
Announcement Date 11/12/21 2/15/22 5/13/22 8/19/22 11/11/22 2/24/23 5/15/23 8/25/23 11/14/23 3/15/24 - - - - -
1TWD in Million2TWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) 12.1% 10.2% 11% 8.06% - 9.78% 9.5% 9.78%
ROA (Net income/ Total Assets) 0.84% 0.66% 0.66% 0.47% - 0.6% 0.59% -
Assets 1 2,392,738 2,731,302 3,116,212 3,352,979 - 3,761,834 4,065,554 -
Book Value Per Share 2 11.70 12.30 13.10 13.30 - 15.90 16.80 -
Cash Flow per Share - - - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 2/12/20 3/19/21 2/15/22 2/24/23 3/15/24 - - -
1TWD in Million2TWD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
A
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
11
Last Close Price
27.1 TWD
Average target price
25.69 TWD
Spread / Average Target
-5.20%
Consensus
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