Chang Hwa Commercial Bank Ltd

Chang Hwa Commercial Bank maintains a capital structure characterized by total assets of TWD 3.38 trillion and total equity of TWD 220.3 billion. The bank reports a debt-to-equity ratio of 0.27, with long-term debt standing at TWD 59.5 billion. Liquidity risk is assessed as medium, and key flags indicate that net cash is negative after subtracting total debt. The company generated a free cash flow of TWD 12.2 billion, despite an operating cash flow of negative TWD 32.9 billion, driven by capital expenditures of TWD 1.7 billion.

Profitability metrics show a return on equity (ROE) of 6.92% and a return on assets (ROA) of 0.45%. The bank reported net income of TWD 17.8 billion on revenue of TWD 27.1 billion for the latest normalized period. Valuation multiples include a price-to-earnings ratio of 18.13 and a price-to-book ratio of 1.25. Without specific cohort median data provided in the input, direct comparative analysis against sector peers is omitted, though the ROE and ROA figures represent the bank's current efficiency in deploying capital.

Segment and geographic revenue mix data is not present in the available input, preventing a detailed analysis of revenue concentration or regional exposure. The company operates as a commercial bank, implying a diversified customer base typical of the industry, but specific segment contributions are not disclosed in the provided data.

Historical period data for revenue and net income trends is absent from the input, limiting the ability to assess the growth trajectory over the past five years or eight quarters. The current financial snapshot provides a static view of the bank's performance, with revenue at TWD 27.1 billion and net income at TWD 17.8 billion.

Risk assessment indicates medium liquidity risk and low dilution risk. A key flag notes that net cash is negative after subtracting total debt, which may impact short-term liquidity management. The bank has a market capitalization of TWD 276.5 billion and a market price of TWD 23.5 per share.

Recent observations include ESG scores from market data, with a total ESG score of 67.51 and a grade of B+. The social pillar score is notably high at 85.48, while the environment pillar is 39.13 and governance is 54.11. No specific filing, news, or transcript observations were provided in the input data.

Net income grew at a 10.2% CAGR over four years, demonstrating strong historical profitability trends for the bank.

Total assets expanded at a 3.3% CAGR over five years, indicating steady balance sheet growth.

The stock trades at a 1.25x price-to-book ratio, offering a modest premium to tangible book value.

Revenue fell 3.2% year-over-year in the latest period, reflecting weakening top-line performance.

Free cash flow dropped 16.3% year-over-year, indicating a significant deterioration in cash generation.

Total assets contracted by 8.6% year-over-year, suggesting a notable shrinkage in the balance sheet.

Cash conversion ratio sits in the bottom quartile of the banking cohort, highlighting poor cash efficiency.

Revenue TWD 24.65B, +20,4% YoY; Net income +24,6% YoY.

• ▍Revenue TWD 24.65B, +20,4% YoY
• ▍Net income +24,6% YoY
• ▍Free cash flow +0,6% YoY
• ▍Net margin 44.5%

Revenue TWD 20.47B; Net margin 43.0%.

• ▍Revenue TWD 20.47B
• ▍Net margin 43.0%