28
2883.TW
—
TWSE
Unclassified
KGI Financial Holding Co Ltd
Last 30 days
1D5D1M3M6MYTD1Y5YMax
Live price chart loads from the market-data widget.
Mcap
366,7B TWD
P/E
17,0x
EV / Rev
3,5x
Div yield
3,33 %
Op margin
—
ROE
12,7 %
Net margin
20,9 %
Debt / equity
1,17
Beta
—
52w range
—
Volume
—
Day range
—
Prev close
—
Open
—
Next earnings
—
Ex-dividend
—
TR 1Y
—
About
KGI Financial Holding Co Ltd is a financial services entity operating within the Insurance and Financials sectors, generating revenue through financial intermediation and insurance activities.
Business. KGI Financial Holding Co Ltd is a financial services entity operating within the Insurance and Financials sectors, generating revenue through financial intermediation and insurance activities.
Classification20 %
SectorUnclassified
Generated · model-assisted
Sell-side consensus
BUY2 analysts
2 buy0 hold0 sell
Avg 12m price target—
Analyst recommendations
2 analysts · consensus BuyBuy2
Hold0
Sell0
12-month price target
—
Consensus of sell-side coverage.
At a glance
Score
—
not yet scored
Valuation→
17,0x
P/E
Analysts→
Buy
2 analysts · indicative
Ownership
—
not yet wired
Profitability→
12,7 %
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
0Sector 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 2883.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
KGI Financial Holding Co Ltd is a financial services entity operating within the Insurance and Financials sectors, generating revenue through financial intermediation and insurance activities.
Classification20 %
SectorUnclassified
AI synthesis
GENERATEDKGI Financial Holding maintains a capital structure characterized by significant leverage, with total liabilities of TWD 3.72 trillion against total assets of TWD 4.08 trillion. The debt-to-equity ratio stands at 1.17, reflecting a highly leveraged balance sheet typical of financial intermediaries. Long-term debt amounts to TWD 425.4 billion, while total equity is TWD 362.1 billion. Liquidity is assessed as medium risk, with a key flag noting that net cash is negative after subtracting total debt. Operating cash flow is negative at TWD -22.6 billion, though free cash flow remains positive at TWD 17.1 billion due to low capital expenditures of TWD -1.3 billion.
Profitability metrics indicate a return on equity (ROE) of 12.73% and a return on assets (ROA) of 1.13%. The company trades at a price-to-earnings ratio of 11.07 and a price-to-book ratio of 1.41, suggesting a moderate valuation relative to earnings and book value. Net income for the latest period is TWD 30.1 billion. Without specific cohort median data provided in the input, direct comparative analysis against sector peers is omitted, but the ROE suggests efficient use of equity capital.
Key takeaways
- KGI Financial Holding reports a ROE of 12.73% and trades at a P/E of 11.07, indicating moderate valuation and efficient equity utilization.
- The company carries high leverage with a debt-to-equity ratio of 1.17 and total liabilities of TWD 3.72 trillion.
- Analyst sentiment is positive with a mean recommendation of 2.00 (Buy) and projected EPS growth from TWD 1.74 to TWD 2.73.
- Liquidity risk is medium due to negative net cash after debt, though free cash flow remains positive at TWD 17.1 billion.
- Dilution risk is low with no difference between basic and diluted shares outstanding.
Bull / Bear case
Generated · model-assistedBULL CASE · 3
Revenue grew 6.2% year-over-year to TWD 265.1 billion, indicating top-line expansion despite broader economic headwinds.
Capex intensity is above the 75th percentile, suggesting efficient capital deployment relative to revenue generation.
Analyst consensus recommends a buy rating, reflecting positive sentiment from the two covering analysts.
BEAR CASE · 4
Debt-to-equity ratio of 1.17 places the company in the bottom quartile, signaling elevated leverage risk.
Net income fell 5.9% year-over-year to TWD 30.1 billion, indicating deteriorating profitability trends.
Cash conversion ratio of -0.49 ranks in the bottom quartile, highlighting poor earnings quality.
Long-term debt increased to TWD 425.4 billion, raising concerns about debt servicing capacity and liquidity risk.
In focus — financials by report
Quarterly
Annual
QUARTERLYFiled 2026-05-25
Q1 2026 · Quarter highlights
Revenue TWD 21.10B, +12,9% YoY; Net income +223,3% YoY.
RevenueTWD 21.10B+12,9 % YoY
Operating income—
Net incomeTWD 14.16B+223,3 % YoY
Free cash flowTWD 14.89B+240,6 % YoY
EPS—
Operating cash flow-TWD 10.97B−140,4 % YoY
Financials
Income statement
RevenueTWD 21.10B
Gross profit—
Operating income—
Net incomeTWD 14.16B
Margins
Gross margin—
Operating margin—
Net margin67.1%
FCF margin70.6%
Balance sheet
Total assetsTWD 4.24T
Total liabilitiesTWD 3.86T
Total equityTWD 370.88B
Cash & equivalents—
Long-term debtTWD 483.27B
Cash flow
Operating cash flow-TWD 10.97B
CapEx-TWD 322.2M
Free cash flowTWD 14.89B
SBC—
Highlights
- ▍Revenue TWD 21.10B, +12,9% YoY
- ▍Net income +223,3% YoY
- ▍Free cash flow +240,6% YoY
- ▍Net margin 67.1%
QUARTERLYFiled 2026-03-09
Q4 2025 · Quarter highlights
Revenue TWD 71.81B, +10,8% YoY; Net income +149,5% YoY.
RevenueTWD 71.81B+10,8 % YoY
Operating income—
Net incomeTWD 11.01B+149,5 % YoY
Free cash flowTWD 10.88B+141,8 % YoY
EPS—
Operating cash flow-TWD 22.58B+2,8 % YoY
Financials
Income statement
RevenueTWD 71.81B
Gross profit—
Operating income—
Net incomeTWD 11.01B
Margins
Gross margin—
Operating margin—
Net margin15.3%
FCF margin15.1%
Balance sheet
Total assetsTWD 4.08T
Total liabilitiesTWD 3.72T
Total equityTWD 362.12B
Cash & equivalents—
Long-term debtTWD 425.37B
Cash flow
Operating cash flow-TWD 22.58B
CapEx-TWD 1.27B
Free cash flowTWD 10.88B
SBC—
Highlights
- ▍Revenue TWD 71.81B, +10,8% YoY
- ▍Net income +149,5% YoY
- ▍Free cash flow +141,8% YoY
- ▍Net margin 15.3%
ANNUALFiled 2026-03-09
FY 2026 · Full-year highlights
Revenue TWD 265.11B, +6,2% YoY; Net income −5,9% YoY.
RevenueTWD 265.11B+6,2 % YoY
Operating income—
Net incomeTWD 30.06B−5,9 % YoY
Free cash flowTWD 17.15B−32,0 % YoY
EPS—
Operating cash flow-TWD 22.58B+2,8 % YoY
Financials
Income statement
RevenueTWD 265.11B
Gross profit—
Operating income—
Net incomeTWD 30.06B
Margins
Gross margin—
Operating margin—
Net margin11.3%
FCF margin6.5%
Balance sheet
Total assetsTWD 4.08T
Total liabilitiesTWD 3.72T
Total equityTWD 362.12B
Cash & equivalents—
Long-term debtTWD 425.37B
Cash flow
Operating cash flow-TWD 22.58B
CapEx-TWD 1.27B
Free cash flowTWD 17.15B
SBC—
Highlights
- ▍Revenue TWD 265.11B, +6,2% YoY
- ▍Net income −5,9% YoY
- ▍Free cash flow −32,0% YoY
- ▍Net margin 11.3%
ANNUALFiled 2025-03-10
FY 2025 · Full-year highlights
Revenue TWD 249.71B, +6,9% YoY; Net income +68,6% YoY.
RevenueTWD 249.71B+6,9 % YoY
Operating income—
Net incomeTWD 31.93B+68,6 % YoY
Free cash flowTWD 25.22B+16,6 % YoY
EPS—
Operating cash flow-TWD 23.23B+61,1 % YoY
Financials
Income statement
RevenueTWD 249.71B
Gross profit—
Operating income—
Net incomeTWD 31.93B
Margins
Gross margin—
Operating margin—
Net margin12.8%
FCF margin10.1%
Balance sheet
Total assetsTWD 3.95T
Total liabilitiesTWD 3.64T
Total equityTWD 307.16B
Cash & equivalents—
Long-term debtTWD 407.94B
Cash flow
Operating cash flow-TWD 23.23B
CapEx-TWD 901.0M
Free cash flowTWD 25.22B
SBC—
Highlights
- ▍Revenue TWD 249.71B, +6,9% YoY
- ▍Net income +68,6% YoY
- ▍Free cash flow +16,6% YoY
- ▍Net margin 12.8%
ANNUALFiled 2024-03-11
FY 2024 · Full-year highlights
Revenue TWD 233.68B, +1,7% YoY; Net income +15,8% YoY.
RevenueTWD 233.68B+1,7 % YoY
Operating income—
Net incomeTWD 18.94B+15,8 % YoY
Free cash flowTWD 21.63B+1 748,5 % YoY
EPS—
Operating cash flow-TWD 59.72B−199,2 % YoY
Financials
Income statement
RevenueTWD 233.68B
Gross profit—
Operating income—
Net incomeTWD 18.94B
Margins
Gross margin—
Operating margin—
Net margin8.1%
FCF margin9.3%
Balance sheet
Total assetsTWD 3.65T
Total liabilitiesTWD 3.39T
Total equityTWD 262.82B
Cash & equivalents—
Long-term debtTWD 297.20B
Cash flow
Operating cash flow-TWD 59.72B
CapEx-TWD 1.11B
Free cash flowTWD 21.63B
SBC—
Highlights
- ▍Revenue TWD 233.68B, +1,7% YoY
- ▍Net income +15,8% YoY
- ▍Free cash flow +1 748,5% YoY
- ▍Net margin 8.1%
ANNUALFiled 2023-02-20
FY 2023 · Full-year highlights
Revenue TWD 229.75B, −16,6% YoY; Net income −53,3% YoY.
RevenueTWD 229.75B−16,6 % YoY
Operating income—
Net incomeTWD 16.37B−53,3 % YoY
Free cash flowTWD 1.17B−97,1 % YoY
EPS—
Operating cash flowTWD 60.17B−8,1 % YoY
Financials
Income statement
RevenueTWD 229.75B
Gross profit—
Operating income—
Net incomeTWD 16.37B
Margins
Gross margin—
Operating margin—
Net margin7.1%
FCF margin0.5%
Balance sheet
Total assetsTWD 3.54T
Total liabilitiesTWD 3.33T
Total equityTWD 208.66B
Cash & equivalents—
Long-term debtTWD 257.86B
Cash flow
Operating cash flowTWD 60.17B
CapEx-TWD 1.73B
Free cash flowTWD 1.17B
SBC—
Highlights
- ▍Revenue TWD 229.75B, −16,6% YoY
- ▍Net income −53,3% YoY
- ▍Free cash flow −97,1% YoY
- ▍Net margin 7.1%
ANNUALFiled 2022-03-14
FY 2022 · Full-year highlights
Revenue TWD 275.46B; Net margin 12.7%.
RevenueTWD 275.46B
Operating income—
Net incomeTWD 35.04B
Free cash flowTWD 40.28B
EPS—
Operating cash flowTWD 65.48B
Financials
Income statement
RevenueTWD 275.46B
Gross profit—
Operating income—
Net incomeTWD 35.04B
Margins
Gross margin—
Operating margin—
Net margin12.7%
FCF margin14.6%
Balance sheet
Total assetsTWD 3.46T
Total liabilitiesTWD 3.17T
Total equityTWD 292.78B
Cash & equivalents—
Long-term debtTWD 263.51B
Cash flow
Operating cash flowTWD 65.48B
CapEx-TWD 1.87B
Free cash flowTWD 40.28B
SBC—
Highlights
- ▍Revenue TWD 275.46B
- ▍Net margin 12.7%
Valuation FY
Market price
$21,60
Market cap
$510.09B
Enterprise valueⓘ
$935.46B
P/Eⓘ
17.0x
Non-GAAP P/Eⓘ
—
EV / Revenueⓘ
3.5x
EV / Op incomeⓘ
—
EV / OCFⓘ
—
P / Bⓘ
1.4x
P / Tangible bookⓘ
1.4x
Tangible book
$362.12B
Net cashⓘ
-$425.37B
Current ratioⓘ
—
Debt / equityⓘ
1.2
ROAⓘ
1.1%
ROEⓘ
12.7%
Cash conversionⓘ
-49.0%
CapEx / revenueⓘ
-0.6%
SBC / revenueⓘ
—
Dilution ratioⓘ
0.0%
Revenue by segment
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 56 %
EPS
Consensus EPS
2,73
Predicted surprise
-0,08
Beat probability
57 %
Analysts
2
Other metrics
Revenue
—
no estimate
Segment revenue
—
no estimate
Margin
—
no estimate
Segment margin
—
no estimate
revision ratio 0,23 · 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
| Metric | Our forecast | Guidance | Consensus |
|---|---|---|---|
| EPS | —no estimate | —no estimate | 2,73 |
| Revenue | —no estimate | —no estimate | 85,7B TWD |
| Operating income | —no estimate | —no estimate | 33,5B 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 coverageRecommendation distribution2 analysts
Strong buy0
Buy2
Hold0
Sell0
Strong sell0
Operating income · consensus33,5B TWD
EPS surprise
−36,4 %
reported vs consensus · miss
Revenue surprise
−25,0 %
reported vs consensus · miss
Estimate revisions
consensus EPS · 26-week trend— missing data
Sell-side observations
— missing data
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 Margin20,9 %Best in class
ROE12,7 %Above median
Capex / Rev-0,6 %Above P75
D/E1,17Bottom quartile
Cash Conv-0,49Bottom quartile
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 Capmarket_price * shares_outstanding_diluted
- Ev To Revenueenterprise_value / revenue
- Return On Assetsnet_income / total_assets
- Price To Tangible Bookmarket_price / (tangible_book_value / shares_outstanding_diluted)
- Price To Earningsmarket_price / (net_income / shares_outstanding_diluted)
Source documents
- KGI Financial Holding Co Ltd Market data — financials · 2026-07-11
- KGI Financial Holding Co Ltd Market data — analyst estimates · 2026-07-11
- KGI 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
2883.TWCanonical
TWSE · TWD
Intel & risk
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 order2026-06-30 03:38 UTCEARNINGSUpcomingForecast: earnings_forecast (90d)
2026-06-20 12:34 UTCANALYSTAnalyst coverage initiated
2026-05-25 15:27 UTCEARNINGSQuarterly results — Q1 2026 Revenue TWD 21.10B · Net TWD 14.16B
2026-03-09 15:37 UTCEARNINGSQuarterly results — Q4 2025 Revenue TWD 71.81B · Net TWD 11.01B
2026-03-09 15:37 UTCEARNINGSAnnual results — FY 2026 Revenue TWD 265.11B · Net TWD 30.06B
2025-03-10 17:21 UTCEARNINGSAnnual results — FY 2025 Revenue TWD 249.71B · Net TWD 31.93B
2024-03-11 13:53 UTCEARNINGSAnnual results — FY 2024 Revenue TWD 233.68B · Net TWD 18.94B
2023-02-20 13:48 UTCEARNINGSAnnual results — FY 2023 Revenue TWD 229.75B · Net TWD 16.37B
2022-03-14 16:48 UTCEARNINGSAnnual results — FY 2022 Revenue TWD 275.46B · Net TWD 35.04B
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