Taiwan Cooperative Financial Holding Co Ltd

Taiwan Cooperative Financial Holding Co Ltd maintains a capital structure characterized by high leverage typical of the banking industry, with total liabilities of TWD 5.1 trillion against total assets of TWD 5.38 trillion. The company holds TWD 279.25 billion in total equity and TWD 202.00 billion in long-term debt, resulting in a debt-to-equity ratio of 0.72. Liquidity is assessed as medium risk, with a key flag noting that net cash is negative after subtracting total debt. The firm generates TWD 6.03 billion in operating cash flow and TWD 12.07 billion in free cash flow, supported by capital expenditures of TWD 1.46 billion.

Profitability metrics indicate modest returns on capital, with a return on equity (ROE) of 6.67% and a return on assets (ROA) of 0.35%. The company reported net income of TWD 21.29 billion on revenue of TWD 34.53 billion for the latest normalized period. Without cohort median data for direct comparison, these returns must be evaluated against general banking industry standards, where ROE levels are often influenced by net interest margins and credit loss provisions. The valuation snapshot shows a price-to-earnings ratio of 20.91 and a price-to-book ratio of 1.4, suggesting the market prices the equity at a premium to its book value.

Segment and geographic revenue mix data is not provided in the available input, preventing a detailed analysis of revenue concentration or regional exposure. The company’s operations are implicitly concentrated in Taiwan, given its ticker listing and corporate name, but specific breakdowns by business line or customer segment are absent from the current dataset.

Growth trajectory analysis is limited due to the absence of historical period data for revenue and net income trends. The current financial snapshot provides a single-period view, with no year-over-year or quarter-over-quarter comparisons available to assess momentum or cyclicality. The shares outstanding remain constant at 15.68 billion for both basic and diluted measures, indicating no recent equity issuances or buybacks in the latest period.

Risk assessment highlights medium liquidity risk and low dilution risk. The primary financial flag is the negative net cash position after debt subtraction, which is a structural characteristic of leveraged financial institutions rather than a distress signal, provided liquidity management remains effective. The company’s ESG profile shows a total score of 69.28 with a B+ grade, driven by strong social (88.38) and environmental (72.93) pillars, but a weaker governance score of 41.51.

Recent observations are limited to ESG metrics and static financial data, with no specific filing, news, or transcript events provided in the input. The governance pillar score of 41.51 may warrant monitoring for potential regulatory or internal control developments, although no specific controversies are flagged in the available data.

Cash conversion ratio stands at 2.52, placing the firm in the top quartile of its peer group.

Free cash flow reached TWD 12.1 billion, demonstrating strong liquidity generation capabilities in the latest period.

Net income grew to TWD 21.3 billion, showing resilience despite a slight decline in total operating revenue.

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

The debt-to-equity ratio of 0.72 exceeds the cohort median of 0.4, signaling higher financial leverage risk.

Revenue declined at a 2.9% CAGR over four years, reflecting a persistent downward trend in top-line growth.

Net income contracted at a 4.2% CAGR over four years, highlighting weakening profitability trends over time.

Medium liquidity risk flags suggest potential challenges in meeting short-term financial obligations under stress scenarios.

Revenue TWD 37.76B, +4,9% YoY; Net income −1,4% YoY.

• ▍Revenue TWD 37.76B, +4,9% YoY
• ▍Net income −1,4% YoY
• ▍Free cash flow −23,8% YoY
• ▍Net margin 53.6%

Revenue TWD 36.00B; Net margin 57.0%.

• ▍Revenue TWD 36.00B
• ▍Net margin 57.0%