E.SUN Financial Holding Co Ltd (2884) Fair Value & Analysis
Financial Services · TW · Market cap 564B TWD (≈ $17.8B) · ISIN TW0002884004
What is E.SUN Financial Holding Co Ltd really worth?
A solid business, but trading 71% above our fair value of 25.28 TWD.
Strengths
Risks
For context
Fair value as of: Aug 13, 2026
From 6 valuation models · updated 22 days ago
Fair value updated Aug 13, 2026, revised from 27.63 TWD to 25.28 TWD (−8.5%) since Jul 17, 2026. Share price +12.4% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The price sits above even our optimistic bull case (31.61 TWD). The favourable scenario is already priced in.
- Solid but not exceptional quality (55/100) 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.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.
How to read this chart
60‑month range 19.49 TWD – 43.20 TWD · fair‑value band 18.96 TWD – 31.61 TWD · the 43.20 TWD price screens above the 25.28 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.
Analysis
E.SUN Financial Holding Co Ltd (2884) currently trades at 43.20 TWD, while our model-based Fair Value estimate is 25.28 TWD, implying the stock looks roughly 70.9% overvalued today. The Quality Score stands at 55/100 (solid quality), in the Financial Services sector. Bull case: the Multiples group reads highest at a median of 23.61 TWD per share, and 0 of the 6 models we run sit above the 43.20 TWD price. Bear case: the Asset-Based group reads lowest at 11.30 TWD, and 6 of the 6 models stay below the price. Evidence for this calculation is high.
Over the trailing twelve months, E.SUN Financial Holding Co Ltd generated revenue of 88.4B TWD at a net margin of 40.3%. Revenue grew 14.6% year over year. It earns a return on equity of 13.0%. Net debt stands at 14.7B TWD. Fundamentals as of Aug 13, 2026
Our scenario range runs from 18.96 TWD (bear case) to 31.61 TWD (bull case); at 43.20 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 near its 52-week high and 47% above its 52-week low, currently above its 200-day average. For context, the median of 10 Financial Services peers we cover trades at −10% fair-value upside, at −41%, 2884 screens richer than that median.
Fair Value models
This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly 0.4892 TWD per share, which is 1.9 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.
All 6 models by family
Widest divergence: Multiples (23.61 TWD) versus Asset-Based (11.30 TWD). Highest evidence: Residual Income (72).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 51 · Market factors (momentum, volatility) 81
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.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
E.SUN Financial Holding Company, Ltd., together with its subsidiaries, offers various financial banking products and services in Taiwan. It operates through Corporate Banking Unit; Individual Banking Unit; Overseas Branches and Subsidiaries; and Others segments.
Full company description
E.SUN Financial Holding Company, Ltd., together with its subsidiaries, offers various financial banking products and services in Taiwan. It operates through Corporate Banking Unit; Individual Banking Unit; Overseas Branches and Subsidiaries; and Others segments. The company provides deposits; bills/checks discounting; syndicated loans; domestic remittances; commercial acceptances; domestic letters of credit and guarantees; custodian services and warehousing; rental of safe deposit boxes; and credit card services. It undertakes foreign exchange operations, including import and export negotiations; general inward and outward remittance; foreign currency deposits, loans, and guarantees; and exchange of foreign cash and travelers checks. In addition, the company engages in securities investment, broking short-term bills, trading financial derivatives, wealth management, and trust operations; and acts as an agent for debenture issuance, bill payments and collections, underwriting, gold sales, and National Treasury services, as well as provides fiscal advisories, and corporate bond dealings. Further, it offers consigned trading for local and foreign securities, futures, options, credit, and lending to fulfill varied commodities needs of domestic and overseas clients; specializes in underwriting and distributing securities in primary market, assisting with initial public offerings, listings on the Taipei Exchange (TPEX) and Taiwan Stock Exchange (TWSE), over-the-counter trading, corporate fundraising, mergers and acquisitions, and financial advisory services comprising planning and consulting; and proprietary trading. Additionally, it invests in potential non-TWSE/TPEX foreign and domestic companies; provides management and industry consulting; assistance in fund solicitation, mergers and acquisitions, and strategic cooperation; and guide companies to engage in transformation and restructuring. The company was incorporated in 1992 and is based in Taipei, Taiwan.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
E.SUN Financial Holding Co Ltd reported revenue of 40.9B TWD in FY2025 versus 67.2B TWD in FY2021, a compound −11.6%/yr. Reported net income was 34.4B TWD in FY2025, compounding +13.7%/yr from FY2021.
of which total revenue +8.4 % · buybacks/dilution −2.2 %
Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).
2884 screens 71% overvalued. Compare with DBS Group →
Earlier news
External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.
- E. Sun Financial Holding Co Ltd (TPE:2884) (Q2 2026) Earnings Call Highlights: Record Profit ...
- E.SUN Financial Holding Earns 12th Consecutive Inclusion in Dow Jones Best-in-Class Indices
- E.SUN Financial Holding Named to S&P Global Sustainability Yearbook for 12 Consecutive Years
- Yoshimura Food Holdings (TSE:2884) Margin Improvement Reinforces Bullish Narrative on Earnings Quality
Peer Group
Banks - Regional · 1071 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.
Valuation Multiples vs Banks - Regional median · lower = cheaper
Strength profile in five axes (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: 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.
Similar stocks
10 more Banks - Regional stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| DBS Group D05 | 75.65 SGD | 40.48 SGD | −46% |
| China Merchants Bank Co 3968 | HK$47.96 | HK$76.51 | +60% |
| Intesa Sanpaolo S.p.A ISP | €6.78 | €5.66 | −17% |
| HDFC Bank Limited HDB | $23.17 | $24.12 | +4% |
| BNP Paribas SA BNP | €102.56 | €144.64 | +41% |
| UniCredit S.p.A UCG | €84.71 | €77.62 | −8% |
| Mizuho Financial Group MFG | $10.74 | $9.69 | −10% |
| ICICI Bank Limited ICICIBANK | ₹1,443 | ₹835.21 | −42% |
| Oversea-Chinese Banking Corporation O39 | 31.07 SGD | 19.80 SGD | −36% |
| CaixaBank, S.A CABK | €13.52 | €8.85 | −35% |
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