Shanghai Commercial & Savings Bank Ltd

Capital Structure and Liquidity Shanghai Commercial & Savings Bank Ltd has a market capitalization of TWD 194.5 billion and a price-to-book ratio of 0.95, indicating that the market values the company slightly below its book value. The bank's liquidity is assessed as medium, with a debt-to-equity ratio of 0.36, suggesting a relatively conservative capital structure. However, the company's operating cash flow is negative at TWD -29.15 billion, and net cash is negative after subtracting total debt, which raises concerns about short-term liquidity. ### Profitability and Returns The bank's return on equity (ROE) is 7.24%, which is a key metric for evaluating profitability in the banking industry. This ROE is in line with the industry's preferred metrics, though it is not explicitly compared to cohort medians in the provided data. The return on assets (ROA) is 0.61%, which is relatively low, indicating that the bank is not generating a high return relative to its asset base. ### Segments and Geographic Exposure The bank operates in multiple segments, including deposit, wealth management, corporate finance, personal finance, trust, investment, and digital financial services. It has a presence in the domestic market, Hong Kong, and overseas markets such as Vietnam and Singapore. However, the revenue concentration by segment or geography is not disclosed in the provided data. ### Growth Trajectory The company's revenue for the latest period is TWD 36.8 billion, and its net income is TWD 14.83 billion. While the provided data does not include specific growth rates or outlooks for the current or next fiscal year, the bank's capital expenditure is negative at TWD -847.46 million, suggesting a reduction in investment in physical assets. ### Risk Factors The bank faces medium liquidity risk, as indicated by its negative operating cash flow and net cash position after debt. The dilution risk is assessed as low, and there are no immediate signs of dilution pressure in the near term. The company's free cash flow is positive at TWD 9.29 billion, which provides some buffer against liquidity constraints. ### Recent Events The most recent analyst estimates indicate a mean price target of TWD 45.00, with a median and high price target also at TWD 45.00. The mean recommendation is 3.00, which is a "Hold" rating, with no strong buy or buy recommendations.