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← CockpitCompetitor Analysis › 2820.TW China Bills Finance CorporationOpen in the cockpit ↗

China Bills Finance Corporation2820.TWCompetitor analysis, valuation and peers

Taiwan · TWD·Financials›Investment Banks/Brokers
Momentum strong 72
Mkt cap
$660M
US dollars, full cap
Free float
64%
of shares outstanding
$/day
$1.61M
20-day average traded
Fwd P/E
n/m
no positive forecast
ROIC−WACC
n/a
WACC 5.0%
Hurdle
n/a
no reverse DCF
Close · TWDNT$16.25
1D-1.2%
1W-3.0%
1M-2.1%
3M-0.3%
6M-3.6%
YTD-3.9%
1Y-2.1%
ATR %1.6%
52w lowhigh10.0% off high

What China Bills Finance does

Employees: 166

China Bills Finance at a glance

Size China Bills Finance (2820.TW) is a Taiwan Financials company (Investment Banks/Brokers) with a market value of $660M, the 356th largest of 687 Taiwan companies the cockpit tracks. Shares closed at NT$16.25 on 6 Nov 2026.

Performance Over six months the shares fell 3.6%, against -6.1% for the median peer and -3.4% for the Taiwan market (cap-weighted) — 9th highest of 21 in its peer set.

Growth Revenue grew 16.1% over the last twelve months (peer median +41.1%); the operating margin is 86.2% (peer median 37.1%).

Relative performance

10011011 May 202611 Aug 20266 Nov 20262820.TW 96Peer median 94
Six months, rebased to 100: China Bills Finance against the median of its 20 peers (local-currency closes).

China Bills Finance financials

Reported figures in TWD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueNT$7.72BNT$6.96BNT$6.22BNT$4.96BNT$2.90B
Revenue growth—+12%+25%+71%—
Gross profitNT$7.69BNT$6.92BNT$6.17BNT$4.91BNT$2.80B
EBITDANT$6.69BNT$6.23BNT$5.54BNT$4.43BNT$2.41B
Net incomeNT$2.26BNT$1.80BNT$1.37BNT$1.29BNT$1.04B
Free cash flowNT$2.07BNT$2.09BNT$2.15B-NT$53.2M-NT$593M
Capital expenditureNT$9.46MNT$10.6MNT$20.3MNT$8.31MNT$6.58M
Total debtNT$241BNT$234BNT$225BNT$195BNT$183B

Quarterly statements and history in the cockpit →

China Bills Finance competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-50%-25%0%+25%+50%-20%0%+20%03061005850017207148TIGR7177003530BRBI00347087076080003540SGFIN861360216024OPY586460162820.TW6-month return →1-month return →
Up and to the right = strong over both horizons. China Bills Finance is the large dot.

China Bills Finance competitors and peer comparison

How China Bills Finance compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

China Bills Finance against its 20 peers (data as of 6 Nov 2026)
Measure2820.TWPeer medianRank in peer set
1-month return-2.1%-16.0%4th highest of 21
6-month return-3.6%-6.1%9th highest of 21
Distance from 52-week high-10.0%-40.9%3rd highest of 21
Revenue growth (TTM)+16.1%+41.1%7th lowest of 21
Operating margin86.2%37.1%3rd highest of 21

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginEV / SalesReq gDelivered g
China Bills Finance 2820.TWTaiwan$660M-4%+16%86%n/an/an/a
Kyobo Securities 030610.KSSouth Korea$651M-43%-15%76%n/an/an/a
Imagi International 0585.HKHong Kong$682M+116%+51%13%n/an/an/a
Shinyoung Securities 001720.KSSouth Korea$635M-43%+86%57%n/an/an/a
Financial Products 7148.TJapan$698M-14%-37%30%n/an/an/a
UP Fintech Holding Ltd. Sponsored ADR TIGRUnited States$710M-40%+41%44%n/an/an/a
GMO Financial 7177.TJapan$721M-6%+9%32%n/an/an/a
Hanwha Investment&securities 003530.KSSouth Korea$725M-51%+41%36%n/an/an/a
BRBI BR Partners S.A. Sponsored ADR BRBIUnited States$759M-54%0%425%n/an/an/a
Yuanta Securities Korea 003470.KSSouth Korea$554M-28%+76%34%n/an/an/a
IwaiCosmo 8707.TJapan$517M-6%+33%46%n/an/an/a
M&A Capital Partners 6080.TJapan$855M+32%+12%38%n/an/an/a
Daishin Securities 003540.KSSouth Korea$868M-44%+44%53%n/an/an/a
SG Finserve SGFIN.NSIndia$486M+15%+103%52%n/an/an/a
Marusan Securities 8613.TJapan$484M+10%+21%31%n/an/an/a
DAOU TECHNOLOGY 023590.KSSouth Korea$919M-35%+134%6%n/an/an/a
Good Finance Securities 6021.TWOTaiwan$473M+50%+425%76%n/an/an/a
Capital Futures 6024.TWTaiwan$456M+6%+29%11%n/an/an/a
Oppenheimer OPYUnited States$963M-5%+14%12%n/an/an/a
Concord International Securities 5864.TWOTaiwan$443M+6%+42%95%n/an/an/a
Concord Securities 6016.TWOTaiwan$439M+6%+327%35%n/an/an/a

Questions

Which companies are China Bills Finance's closest peers?
The cockpit's peer set: Kyobo Securities (030610.KS), Imagi International (0585.HK), Shinyoung Securities (001720.KS), Financial Products (7148.T), UP Fintech Holding Ltd. Sponsored ADR (TIGR), GMO Financial (7177.T), Hanwha Investment&securities (003530.KS), BRBI BR Partners S.A. Sponsored ADR (BRBI).
How has China Bills Finance stock performed?
Over six months to 6 Nov 2026 the shares returned -3.6% against -6.1% for the median peer; over one year -2.1%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.