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2892.TW — TWSE Unclassified

First Financial Holding Co Ltd

$27,75
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Mcap
399,0B TWD
P/E
18,4x
EV / Rev
18,1x
Div yield
2,76 %
Op margin
—
ROE
9,0 %
Net margin
75,7 %
Debt / equity
0,50
Beta
—
52w range
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Volume
—
Day range
—
Prev close
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Open
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Next earnings
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Ex-dividend
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TR 1Y
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About

First Financial Holding Co Ltd is a financial holding company operating in the banking sector, generating revenue through financial services and interest income.

Business. First Financial Holding Co Ltd is a financial holding company operating in the banking sector, generating revenue through financial services and interest income.

Classification20 %
SectorUnclassified
Generated · model-assisted
Sell-side consensus
HOLD3 analysts
0 buy3 hold0 sell
Avg 12m price target30,90

Analyst recommendations

3 analysts · consensus Hold
Buy0
Hold3
Sell0
12-month price target
30,90
Consensus of sell-side coverage.
Upcoming events
— missing data
See all catalysts →

At a glance

Score
—
not yet scored
Valuation→
18,4x
P/E
Analysts→
Hold
3 analysts · indicative
Ownership
—
not yet wired
Profitability→
9,0 %
return on equity
Quality
—
not yet scored

What drives this business

The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.

— missing data

News & coverage

0
  • No recent newsroom coverage mentioning 2892.

    • Sector rotation

    Sector1D1Mvs mkt
    Materials+2,3 %+6,6 %+1,7 %
    Communication Services+2,2 %−5,5 %+1,6 %
    Energy+0,6 %+3,3 %+0,0 %
    Health Care+0,6 %−0,8 %+0,0 %
    Information Technology+0,6 %+6,7 %+0,0 %
    Consumer Discretionary+0,4 %+7,6 %−0,2 %
    Financials−0,3 %−2,8 %−0,9 %
    Consumer Staples−0,4 %+2,5 %−1,0 %
    Real Estate−0,7 %+10,9 %−1,3 %
    Industrials−1,9 %−3,1 %−2,5 %
    Utilities−1,9 %+28,2 %−2,5 %

    Developing storylines

    No tracked sagas currently linked to 2892.TW. Browse all sagas →

    Analysis

    AI analysis
    Generated · analysis pipeline · tier hybrid · as of 2026-08-04 ↑ At a glance

    Opportunity

    — missing data

    Upcoming catalysts

    Scheduled public events. Informational only — not investment advice.

    • Macro
    • Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
    • Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
    • Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
    • Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
    • Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
    • Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
    • Macro & political
    • ElectionSE Swedish Election2026-09-14 · SE
    • ElectionUS U.S. Midterms2026-11-03 · US
    • ElectionFR French Legislative2027-06-01 · FR

    Pre-earnings brief

    — missing data

    Signals & dispatch

    peak dispatch · —

    Composite-score breakdown

    Synthesis

    Business

    First Financial Holding Co Ltd is a financial holding company operating in the banking sector, generating revenue through financial services and interest income.

    Classification20 %
    SectorUnclassified
    AI synthesis
    GENERATED

    First Financial Holding Co Ltd maintains a capital structure characterized by high leverage typical of the banking industry, with total assets of TWD 5.04 trillion and total liabilities of TWD 4.75 trillion. The company holds TWD 292.4 billion in total equity and TWD 145.7 billion in long-term debt, resulting in a debt-to-equity ratio of 0.5. Liquidity is assessed as medium risk, with a key flag noting that net cash is negative after subtracting total debt. The company generated TWD 63.2 billion in operating cash flow and TWD 14.1 billion in free cash flow, supporting its balance sheet obligations.

    Profitability metrics show a return on equity (ROE) of 8.98% and a return on assets (ROA) of 0.52%. The company reported net income of TWD 26.9 billion on revenue of TWD 34.7 billion, indicating a high net profit margin. The valuation snapshot reflects a price-to-earnings ratio of 18.41 and a price-to-book ratio of 1.65. Without cohort median data provided, these returns are evaluated in isolation, though the ROE suggests moderate efficiency in generating profits from shareholder equity.

    Key takeaways
    • The company trades at a P/E of 18.41 and P/B of 1.65, with an ROE of 8.98%.
    • Liquidity risk is medium, with a key flag noting negative net cash after debt.
    • Analyst sentiment is neutral, with a mean recommendation of 3.00 (Hold) and a mean price target of TWD 30.90, below the current price of TWD 33.60.
    • Dilution risk is low, as basic and diluted shares outstanding are identical.
    • Operating cash flow of TWD 63.2 billion supports the company's financial operations.

    Bull / Bear case

    Generated · model-assisted
    BULL CASE · 3

    Net income CAGR of 8.1% over four years demonstrates consistent profitability growth for the holding company.

    Analysts project 11.4% upside to a mean price target of TWD 30.9 from current levels.

    Cash conversion ratio of 2.41 exceeds the 75th percentile of the peer cohort significantly.

    BEAR CASE · 5

    Long-term debt increased to TWD 149.9 billion in FY2025, reflecting a rising leverage burden.

    Revenue declined to TWD 31.2 billion in FY2025, marking a contraction from the previous year.

    The company faces a medium level of liquidity risk according to internal risk flag assessments.

    Free cash flow growth turned negative at -0.8% year-over-year in the latest fiscal period.

    Debt-to-equity ratio of 0.5 exceeds the cohort median of 0.4, indicating higher relative leverage.

    In focus — financials by report

    Quarterly
    Annual
    QUARTERLYFiled 2026-03-09
    Q4 2025 · Quarter highlights

    Revenue TWD 9.43B, +20,2% YoY; Net income +15,0% YoY.

    RevenueTWD 9.43B+20,2 % YoY
    Operating income—
    Net incomeTWD 5.23B+15,0 % YoY
    Free cash flowTWD 4.95B+14,2 % YoY
    EPS—
    Operating cash flowTWD 63.24B+175,6 % YoY
    Financials
    Income statement
    RevenueTWD 9.43B
    Gross profit—
    Operating income—
    Net incomeTWD 5.23B
    Margins
    Gross margin—
    Operating margin—
    Net margin55.5%
    FCF margin52.5%
    Balance sheet
    Total assetsTWD 5.04T
    Total liabilitiesTWD 4.75T
    Total equityTWD 292.37B
    Cash & equivalents—
    Long-term debtTWD 145.72B
    Cash flow
    Operating cash flowTWD 63.24B
    CapEx-TWD 1.88B
    Free cash flowTWD 4.95B
    SBC—
    Highlights
    • ▍Revenue TWD 9.43B, +20,2% YoY
    • ▍Net income +15,0% YoY
    • ▍Free cash flow +14,2% YoY
    • ▍Net margin 55.5%

    Valuation TTM

    Market price
    $27,75
    Market cap
    $483.15B
    Enterprise valueⓘ
    $628.87B
    P/Eⓘ
    18.4x
    Non-GAAP P/Eⓘ
    —
    EV / Revenueⓘ
    18.1x
    EV / Op incomeⓘ
    —
    EV / OCFⓘ
    9.9x
    P / Bⓘ
    1.6x
    P / Tangible bookⓘ
    1.6x
    Tangible book
    $292.37B
    Net cashⓘ
    -$145.72B
    Current ratioⓘ
    —
    Debt / equityⓘ
    0.5
    ROAⓘ
    0.5%
    ROEⓘ
    9.0%
    Cash conversionⓘ
    241.0%
    CapEx / revenueⓘ
    -5.4%
    SBC / revenueⓘ
    —
    Dilution ratioⓘ
    0.0%

    Revenue by segment

    Market share

    — missing data

    Business relationships

    — missing data

    Supply chain

    — missing data

    Peer comparison

    — missing data

    Market position

    Stress test

    — missing data

    Predictor forecast

    Next quarternear-term
    Earnings · next quarterconf 47 %
    EPS
    Consensus EPS
    2,12
    Predicted surprise
    -0,04
    Beat probability
    47 %
    Analysts
    3
    Other metrics
    Revenue
    —
    no estimate
    Segment revenue
    —
    no estimate
    Margin
    —
    no estimate
    Segment margin
    —
    no estimate
    revision ratio 0,05 · as of 2026-07-11 · Earnings Surprise V1
    Period note: consensus is not fiscal-period-aligned at source — read as consensus vs the last reported actual, not a calibrated same-quarter surprise.
    Full fiscal year~1 year ahead
    Full fiscal year · our forecast vs guidance vs consensus
    MetricOur forecastGuidanceConsensus
    EPS—no estimate—no estimate2,12
    Revenue—no estimate—no estimate76,2B TWD
    Operating income—no estimate—no estimate40,4B TWD
    Full-year consensus mean (period as reported by source) · consensus in TWD. Company-level full-year forecast and management guidance are not yet modelled at scale — shown as "no estimate", never inferred.
    Probabilistic model output — not investment advice. · generated 2026-08-04

    Options

    — missing data

    Short squeeze

    — missing data

    Earnings-call key lines

    — missing data

    Consensus distribution

    sell-side coverage
    Recommendation distribution3 analysts
    Strong buy0
    Buy0
    Hold3
    Sell0
    Strong sell0
    12-month price target$30,90 · Median $30,90
    Low $29,80High $32,00
    Operating income · consensus40,4B TWD
    EPS surprise
    −11,7 %
    reported vs consensus · miss
    Revenue surprise
    +1,8 %
    reported vs consensus · beat

    Estimate revisions

    consensus EPS · 26-week trend
    — missing data

    Sell-side observations

    Low$29,80
    Mean$30,90
    Median$30,90
    High$32,00
    Spot$27,75
    +11.4 %implied to mean12-month sell-side price targets · ▲ spot

    Themes

    — missing data

    ESG

    — missing data

    Risk factors

    Dilution riskLow
    Liquidity riskMedium
    Filing-based flags
    • Net cash is negative after subtracting total debt.

    Benchmarks vs cohort

    Net Margin75,7 %Best in class
    ROE9,0 %Above median
    Capex / Rev-5,4 %Below median
    D/E0,50Below median
    Cash Conv2,41Above P75

    Corporate actions / M&A

    — missing data

    FX exposure

    — missing data

    Comparable transactions

    — missing data

    Derivatives & instruments

    — missing data

    Actions

    Ask Handelsavisen

    — missing data
    Data sources
    • Market data
    • Market data cache
    • Issuer disclosures
    • Public news
    • Earnings transcripts
    • Consensus estimates
    • ESG data
    • Reference data
    How metrics are computed
    • Debt To Equity
      (short_term_debt + long_term_debt) / total_equity
    • Market Cap
      market_price * shares_outstanding_diluted
    • Ev To Revenue
      enterprise_value / revenue
    • Return On Assets
      net_income / total_assets
    • Price To Tangible Book
      market_price / (tangible_book_value / shares_outstanding_diluted)
    • Price To Earnings
      market_price / (net_income / shares_outstanding_diluted)
    Source documents
    • First Financial Holding Co Ltd Market data — financials · 2026-07-11
    • First Financial Holding Co Ltd Market data — analyst estimates · 2026-07-11
    • First Financial Holding Co Ltd Market data — ESG · 2026-07-11

    Ownership & reference

    Insider activity

    — missing data

    Short positioning

    — missing data

    Geographic breakdown

    — missing data
    Listings · one canonical issuer all listings resolve to the canonical
    2892.TWCanonical
    TWSE · TWD

    Intel & risk

    PredictorBeat prob47 %Surprise-0,04Full forecast →
    peak dispatch · —
    OSINT findings
    Dilution riskLow
    Liquidity riskMedium
    Net cash is negative after subtracting total debt.

    Evidence & claims

    From filings & derived data
    — missing data

    The Thread

    Everything we know, in order
    2026-06-30 03:38 UTCEARNINGSUpcomingForecast: earnings_forecast (90d)
    2026-03-09 12:16 UTCEARNINGSQuarterly results — Q4 2025 Revenue TWD 9.43B · Net TWD 5.23B
    2026-03-09 12:16 UTCEARNINGSAnnual results — FY 2026 Revenue TWD 34.68B · Net TWD 26.93B
    2025-12-01 13:58 UTCEARNINGSQuarterly results — Q3 2025 Revenue TWD 8.84B · Net TWD 7.75B
    2025-08-21 13:45 UTCEARNINGSQuarterly results — Q2 2025 Revenue TWD 8.45B · Net TWD 6.74B
    2025-05-27 19:26 UTCEARNINGSQuarterly results — Q1 2025 Revenue TWD 7.96B · Net TWD 6.52B
    2025-02-27 13:59 UTCEARNINGSQuarterly results — Q4 2024 Revenue TWD 7.85B · Net TWD 4.55B
    2025-02-27 13:59 UTCEARNINGSAnnual results — FY 2025 Revenue TWD 31.23B · Net TWD 25.36B
    2024-11-22 07:19 UTCEARNINGSQuarterly results — Q3 2024 Revenue TWD 7.56B · Net TWD 7.08B
    2024-08-22 13:44 UTCEARNINGSQuarterly results — Q2 2024 Revenue TWD 8.03B · Net TWD 6.71B
    2024-02-29 13:58 UTCEARNINGSAnnual results — FY 2024 Revenue TWD 32.52B · Net TWD 22.46B
    2023-02-23 14:04 UTCEARNINGSAnnual results — FY 2023 Revenue TWD 37.97B · Net TWD 20.60B
    2022-02-24 14:20 UTCEARNINGSAnnual results — FY 2022 Revenue TWD 34.59B · Net TWD 19.74B
    The entity's full life in the product — typed, chronological, joined across Newspaper, Platform and Data. Our memory, made visible.
    Sources filings · IR · transcripts · market data · tier hybrid · as of 2026-08-04 Market data · Issuer disclosures · Public news · Earnings transcripts · Consensus estimates · ESG data · Reference data Premium coverage