Loading…
← CockpitCompetitor Analysis › 2886.TW Mega Financial Holding CoOpen in the cockpit ↗

Mega Financial Holding Co2886.TWCompetitor analysis, valuation and peers

Taiwan · TWD·Financials›Major Banks

Taiwan financial holding centered on Mega International Commercial Bank, a large state-linked bank with an extensive overseas branch network.

≈ A large state-linked Taiwan bank with heavy trade-finance focus, like a smaller money-centMomentum leader 92
Mkt cap
$24.0B
US dollars, full cap
Free float
77%
of shares outstanding
$/day
$38.0M
20-day average traded
P/B
1.97×
price to book
ROE
10.0%
delivered
Implied ROE
5.9%
what the price asks
Next earnings
13 days
19 Nov 2026
Close · TWDNT$53.50
1D-0.9%
1W-2.4%
1M+10.2%
3M+5.5%
6M+36.8%
YTD+33.8%
1Y+28.0%
ATR %3.1%
52w lowhigh4.5% off high

What Mega Financial does

Taiwan financial holding centered on Mega International Commercial Bank, a large state-linked bank with an extensive overseas branch network.

Earns mainly the interest spread on corporate and trade loans, plus fees from foreign-exchange and trade settlement and, through its bills-finance arm, short-term money-market dealing. Taiwan's Ministry of Finance and other government-linked holders own a large share. Its bank resulted from a 2006 merger of two former state banks.

In one line: A large state-linked Taiwan bank with heavy trade-finance focus, like a smaller money-cent.

Products and services

  • Corporate & trade-finance banking
  • Retail banking
  • Securities/bills finance
  • Life insurance (Mega Life)

Customers

  • Corporate borrowers and exporters
  • Retail depositors
  • Overseas Taiwanese business clients

Where it sits in the supply chain

  • Financial services
  • Banking
  • Corporate & trade-finance banking

What could go right

  • Taiwan trade-finance volumes
  • Global interest-rate environment

What could go wrong

  • State-bank margin/efficiency constraints
  • Credit exposure to exporters

Moat: narrow (scale, distribution, regulatory licence). One of Taiwan's largest overseas bank-branch networks; state-linked ownership anchors trade-finance relationships.

Headquarters: Taipei, Taiwan · Founded: 2002 · Employees: 10,194

Named competitors

Mega Financial at a glance

Size Mega Financial (2886.TW) is a Taiwan Financials company (Major Banks) with a market value of $24.0B, the 23rd largest of 687 Taiwan companies the cockpit tracks. Shares closed at NT$53.50 on 6 Nov 2026.

Performance Over six months the shares gained 36.8%, against +2.1% for the median peer and -3.4% for the Taiwan market (cap-weighted) — 5th highest of 21 in its peer set.

Growth Revenue grew 1.3% over the last twelve months (peer median +5.3%); the operating margin is 48.0% (peer median 37.1%).

Valuation It trades at 1.97× book value against a peer median of 1.34× (6th most expensive of 21).

Price implies The share price implies a return on equity of about 5.9%; Mega Financial delivers 10.0%, so the price asks less than the business earns today.

Next results Next results expected around 19 Nov 2026 (exchange calendar; dates can move).

Relative performance

10012014011 May 202611 Aug 20266 Nov 20262886.TW 135Peer median 106
Six months, rebased to 100: Mega Financial against the median of its 20 peers (local-currency closes).

Mega Financial financials

Reported figures in TWD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueNT$178BNT$174BNT$180BNT$160BNT$97.3B
Revenue growth—-3%+12%+65%—
Net incomeNT$38.2BNT$35.0BNT$34.8BNT$33.2BNT$18.3B
Free cash flow-NT$36.8BNT$32.1BNT$9.81B-NT$61.3BNT$16.7B
Capital expenditureNT$2.50BNT$2.50BNT$2.17BNT$2.17BNT$2.10B
Total debtNT$1.20TNT$1.20TNT$970BNT$1.02TNT$752B

Quarterly statements and history in the cockpit →

Mega Financial 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

0%+20%+40%-10%0%+10%RF2884601009BAMI086790KEY1988CFG6018188309BBDBAP055550BCHSABBMEDBPE2892MBK2886.TW6-month return →1-month return →
Up and to the right = strong over both horizons. Mega Financial is the large dot.

Fundamentals: return on equity against price-to-book

5%10%15%20%10×20×30×RF2884601009BAMI086790KEY1988CFG6018188309BBDBAP055550BCHSABBMEDBPE2892MBK2886.TWReturn on equity →Price / book →
A bank or insurer earning more on its equity usually trades at a higher multiple of book; points far above the trend are priced for more. Mega Financial is the large dot.

Capital: ROE delivered against the ROE the price implies

10%20%30%40%20%40%RF2884601009BAMI1988CFG8309BAPBCHSABBMEDBPE2892MBK2886.TWROE delivered →ROE the price implies →
Above the diagonal = the price asks for a higher return on equity than the business earns today. Mega Financial is the large dot.

Mega Financial competitors and peer comparison

Head to head with its named competitors (2886.TW vs 2891.TW vs 2892.TW vs 2880.TW)
CompanyMarket cap6M returnRevenue growthROEPrice / bookImplied ROE
Mega Financial 2886.TW$24.0B+37%+1%10%1.97×5.9%
Ctbc Financial 2891.TW$43.7B+37%+9%15%2.06×8.9%
First Financial 2892.TW$17.8B+44%+5%11%1.95×5.8%
Hua Nan Financial 2880.TW$20.8B+50%-37%14%2.85×7.9%
Taiwan Cooperative Financial Hl 5880.TW$13.6B+22%-3%9%1.55×4.8%

How Mega Financial 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.

Mega Financial against its 20 peers (data as of 6 Nov 2026)
Measure2886.TWPeer medianRank in peer set
1-month return+10.2%+1.1%3rd highest of 21
6-month return+36.8%+2.1%5th highest of 21
Return on equity10.0%11.6%8th lowest of 21
Price / book1.97×1.34×6th most expensive of 21
Trailing P/E20.8×11.9×most expensive of 20
ROE the price implies5.9%10.8%7th least demanding of 21
ROE delivered10.0%12.4%5th lowest of 18

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthROEPrice / bookImplied ROEDelivered ROE
Mega Financial 2886.TWTaiwan$24.0B+37%+1%10%1.97×5.9%10.0%
Regions Financial RFUnited States$24.1B+2%+1%12%1.46×13.2%12.4%
E Sun Financial 2884.TWTaiwan$25.2B+55%+36%15%2.70×7.6%14.7%
Bank of Nanjing 601009.SSChina$22.8B+5%+6%12%0.77×2.8%11.9%
Banco BPM BAMI.MIItaly$22.8B+1%-4%12%1.30×13.5%12.5%
Hanafinancialgr 086790.KSSouth Korea$22.5B-7%+39%10%0.79×5.3%n/a
KeyCorp KEYUnited States$22.0B-3%+9%11%1.39×13.1%11.2%
China Minsheng Banking 1988.HKHong Kong$21.9B-13%-5%4%0.20×3.8%4.2%
Citizens Financial CFGUnited States$26.5B-1%+4%9%1.16×11.5%8.9%
China Everbright Bank 601818.SSChina$26.6B+1%-7%7%0.36×1.8%n/a
Sumitomo Mitsui Trust Gp 8309.TJapan$27.4B+38%+5%11%1.18×7.5%10.9%
Banco Bradesco SA Sponsored ADR Pfd BBDUnited States$27.5B-32%+29%14%0.71×6.2%14.2%
Credicorp BAPUnited States$27.6B+5%+24%21%2.47×17.9%20.6%
ShinhanGroup 055550.KSSouth Korea$29.2B-13%+32%9%0.78×5.2%n/a
Banco de Chile Sponsored ADR BCHUnited States$19.6B+7%+4%22%3.15×13.6%21.8%
Banco de Sabadell SAB.MCSpain$19.2B+8%-35%5%1.40×15.5%5.1%
Banca Mediolanum BMED.MIItaly$19.1B+17%-34%30%3.73×35.6%30.1%
BPER Banca BPE.MIItaly$30.4B+2%+15%15%1.49×18.6%14.9%
Huntington Bancshares HBANUnited States$31.2B-3%+24%9%1.06×10.2%9.1%
First Financial 2892.TWTaiwan$17.8B+44%+5%11%1.95×5.8%10.9%
mBank MBK.WAPoland$17.7B+37%-1%19%3.05×37.6%19.1%

Questions

Who are Mega Financial's main competitors?
Named competitors: CTBC Financial Holding (2891.TW), First Financial Holding (2892.TW), Hua Nan Financial Holding (2880.TW), Taiwan Cooperative Financial Holding (5880.TW). The cockpit's measured peer set (industry) also includes Regions Financial (RF), E Sun Financial (2884.TW), Bank of Nanjing (601009.SS), Banco BPM (BAMI.MI), Hanafinancialgr (086790.KS), KeyCorp (KEY).
Is Mega Financial expensive compared with its peers?
On price / book it trades at 1.97× against a peer median of 1.34×, 6th most expensive of 21 in its peer set. The share price implies a return on equity of about 5.9%; Mega Financial delivers 10.0%, so the price asks less than the business earns today.
How has Mega Financial stock performed?
Over six months to 6 Nov 2026 the shares returned +36.8% against +2.1% for the median peer; over one year +28.0%.

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.