Sinopac Financial Holdings Co Ltd

Sinopac Financial Holdings maintains a capital structure characterized by significant leverage typical of the banking industry, with total assets of TWD 3.69 trillion and total liabilities of TWD 3.44 trillion. The company reports a debt-to-equity ratio of 1.02 and a current ratio is not explicitly provided but liquidity risk is assessed as medium. Total equity stands at TWD 255.49 billion, supporting a market capitalization of TWD 594.19 billion at a share price of TWD 41.00. The balance sheet reflects a negative net cash position after subtracting total debt, which includes long-term debt of TWD 259.61 billion.

Profitability metrics indicate a return on equity (ROE) of 11.88% and a return on assets (ROA) of 0.82%. The company generated net income of TWD 26.57 billion on revenue of TWD 38.28 billion, resulting in a net margin of approximately 69.4%. The price-to-earnings ratio is 19.58, and the price-to-book ratio is 2.33, suggesting the market values the company above its book value. Without cohort median data provided in the input, direct comparative analysis against sector peers is omitted, but the ROE exceeds 10%, which is generally considered a threshold for adequate returns in financial services.

Segment and geographic revenue breakdowns are not provided in the available data, preventing a detailed analysis of revenue concentration or regional exposure. The company's activity is broadly classified under banking, implying diversified financial services, but specific product lines or customer segments are not disclosed in the input.

Historical growth trajectory data, including five-year annual and eight-quarter quarterly revenue and net income trends, is absent from the input, limiting the ability to assess long-term growth momentum or cyclicality. The latest normalized period shows stable revenue generation, but trend analysis cannot be performed without historical series.

Risk assessment highlights medium liquidity risk and low dilution risk. A key flag notes that net cash is negative after subtracting total debt, which is a structural characteristic of leveraged financial institutions but warrants monitoring for liquidity stress. The dilution risk is low, supported by the fact that basic and diluted shares outstanding are identical at 14.49 billion shares, indicating no significant in-the-money options or convertible securities impacting share count.

Recent observations include analyst estimates with a mean price target of TWD 42.00, equal to the median, high, and low targets, suggesting a consensus view with limited dispersion. The mean recommendation is 1.67, indicating a strong buy bias, with one strong buy and two buy ratings, and no hold ratings. No specific filing, news, or transcript observations are provided in the input to detail recent corporate events or management commentary.

Revenue surged 48.4% year-over-year to TWD 38.3 billion in FY2026, demonstrating strong top-line growth momentum.

Net income grew 19.5% to TWD 26.6 billion in FY2026, reflecting robust profitability expansion.

Analysts project 40.9% upside to a consensus target price of TWD 42.0, signaling strong market confidence.

Long-term debt increased significantly to TWD 259.6 billion in FY2026, raising concerns about leverage and financial risk.

The debt-to-equity ratio of 1.02 is below the cohort median, but still indicates substantial leverage exposure.

Medium liquidity risk flags suggest potential challenges in meeting short-term obligations or market fluctuations.

Free cash flow growth of 18.1% lags behind the 48.4% revenue growth, indicating potential cash conversion inefficiencies.

Revenue TWD 11.93B, +40,8% YoY; Net income +52,4% YoY.

• ▍Revenue TWD 11.93B, +40,8% YoY
• ▍Net income +52,4% YoY
• ▍Free cash flow +50,0% YoY
• ▍Net margin 92.0%

Revenue TWD 11.51B, +65,9% YoY; Net income +59,5% YoY.

• ▍Revenue TWD 11.51B, +65,9% YoY
• ▍Net income +59,5% YoY
• ▍Free cash flow +58,7% YoY
• ▍Net margin 52.4%

Revenue TWD 9.47B, +35,3% YoY; Net income +26,7% YoY.

• ▍Revenue TWD 9.47B, +35,3% YoY
• ▍Net income +26,7% YoY
• ▍Free cash flow +27,2% YoY
• ▍Net margin 83.8%

Revenue TWD 8.83B, +44,2% YoY; Net income +2,4% YoY.

• ▍Revenue TWD 8.83B, +44,2% YoY
• ▍Net income +2,4% YoY
• ▍Free cash flow +4,6% YoY
• ▍Net margin 61.2%

Revenue TWD 8.47B; Net margin 85.0%.

• ▍Revenue TWD 8.47B
• ▍Net margin 85.0%

Revenue TWD 6.94B; Net margin 54.5%.

• ▍Revenue TWD 6.94B
• ▍Net margin 54.5%

Revenue TWD 7.00B; Net margin 89.5%.

• ▍Revenue TWD 7.00B
• ▍Net margin 89.5%

Revenue TWD 6.13B; Net margin 86.1%.

• ▍Revenue TWD 6.13B
• ▍Net margin 86.1%

Revenue TWD 38.28B, +48,4% YoY; Net income +19,5% YoY.

• ▍Revenue TWD 38.28B, +48,4% YoY
• ▍Net income +19,5% YoY
• ▍Free cash flow +18,1% YoY
• ▍Net margin 69.4%

Revenue TWD 25.79B, +5,5% YoY; Net income +12,5% YoY.

• ▍Revenue TWD 25.79B, +5,5% YoY
• ▍Net income +12,5% YoY
• ▍Free cash flow +2,8% YoY
• ▍Net margin 86.2%

Revenue TWD 24.44B, −9,1% YoY; Net income +23,8% YoY.

• ▍Revenue TWD 24.44B, −9,1% YoY
• ▍Net income +23,8% YoY
• ▍Free cash flow +64,0% YoY
• ▍Net margin 80.9%

Revenue TWD 26.90B, +21,6% YoY; Net income −1,5% YoY.

• ▍Revenue TWD 26.90B, +21,6% YoY
• ▍Net income −1,5% YoY
• ▍Free cash flow −11,9% YoY
• ▍Net margin 59.3%