Taichung Commercial Bank Co Ltd

Taichung Commercial Bank maintains a capital structure supported by total equity of 91.75 billion TWD against total assets of 1.01 trillion TWD. The bank carries long-term debt of 31.64 billion TWD, resulting in a debt-to-equity ratio of 0.34. Liquidity is assessed as medium risk, with a key flag noting that net cash is negative after subtracting total debt. The company generates operating cash flow of 4.36 billion TWD and free cash flow of 5.14 billion TWD, indicating positive cash generation despite the negative net cash position.

Profitability metrics show a return on equity (ROE) of 9.87% and a return on assets (ROA) of 0.89%. The bank reported net income of 9.06 billion TWD on revenue of 13.29 billion TWD for the latest period. Valuation multiples stand at a price-to-earnings ratio of 13.67 and a price-to-book ratio of 1.35, reflecting a moderate premium to book value. The EV-to-revenue ratio is 12.06, consistent with typical banking sector multiples where enterprise value approximates market capitalization due to low net debt.

Segment and geographic revenue concentration data is not provided in the available source documents. As a regional commercial bank, the company likely derives significant revenue from its home market, but specific breakdowns by segment or region are absent from the current analysis state.

Growth trajectory analysis is limited by the absence of historical period data in the input. The latest actual revenue reported by analysts is 11.69 billion TWD, which differs from the financial snapshot revenue of 13.29 billion TWD, suggesting potential timing differences or distinct reporting periods between the snapshot and the analyst estimate,. Without multi-year historical data, year-over-year growth rates cannot be calculated.

Risk assessment indicates medium liquidity risk and low dilution risk. The primary financial flag is the negative net cash position after debt subtraction, which requires monitoring of cash flow stability. Dilution risk is low, with basic and diluted shares outstanding being identical at 6.02 billion shares, indicating no significant convertible securities or options impacting share count.

Recent observations include an ESG score of 79.23 with an A- grade, highlighting strong social pillar performance at 92.44 and no significant controversies (score 100). The environment pillar scores 69.34 and governance 64.99. Competitor context lists major global banks such as JPMorgan Chase, Bank of America, and Citigroup, though no direct comparative metrics are provided in the input.

Return on equity of 9.9% outperforms the 6.3% bank cohort median, demonstrating efficient capital utilization.

The stock trades at 1.35x price-to-book, offering a reasonable valuation multiple for a bank with above-median returns.

Revenue grew at a 3.8% CAGR over four years, showing consistent top-line expansion despite recent volatility.

Dilution risk is assessed as low, suggesting minimal threat to existing shareholder equity value from new issuances.

Total assets contracted by 8.0% year-over-year, indicating a shrinking balance sheet and potential business contraction.

Equity declined 9.5% year-over-year, reflecting reduced capital base and potential erosion of shareholder value.

Medium liquidity risk flags suggest potential challenges in meeting short-term obligations or funding needs.

Revenue TWD 3.38B, +4,6% YoY; Net income +11,6% YoY.

• ▍Revenue TWD 3.38B, +4,6% YoY
• ▍Net income +11,6% YoY
• ▍Free cash flow +49,8% YoY
• ▍Net margin 71.9%

Revenue TWD 3.50B, +5,9% YoY; Net income +21,9% YoY.

• ▍Revenue TWD 3.50B, +5,9% YoY
• ▍Net income +21,9% YoY
• ▍Free cash flow +30,4% YoY
• ▍Net margin 67.7%

Revenue TWD 13.29B, +8,5% YoY; Net income +9,2% YoY.

• ▍Revenue TWD 13.29B, +8,5% YoY
• ▍Net income +9,2% YoY
• ▍Free cash flow −6,3% YoY
• ▍Net margin 68.2%

Revenue TWD 9.28B; Net margin 51.7%.

• ▍Revenue TWD 9.28B
• ▍Net margin 51.7%