Loading…
Taiwan financial holding around Bank SinoPac, a mid-size commercial bank with securities and asset-management units.
Taiwan financial holding around Bank SinoPac, a mid-size commercial bank with securities and asset-management units.
Earns mainly from the spread between what it pays depositors and charges borrowers at the bank, topped up by brokerage commissions and wealth-management fees from the securities and fund arms. It is a privately owned group, unlike the state-linked banks that anchor much of Taiwan's banking.
In one line: A mid-size Taiwan bank holding company.
Moat: narrow (scale, distribution). Mid-tier Taiwan bank franchise competing on branch network and cross-sell with its securities arm.
Headquarters: Taipei, Taiwan · Founded: 2002 · Employees: 15,448
Size Sinopac Financial Hldgs (2890.TW) is a Taiwan Financials company (Regional Banks) with a market value of $19.3B, the 30th largest of 687 Taiwan companies the cockpit tracks. Shares closed at NT$41.70 on 6 Nov 2026.
Performance Over six months the shares gained 36.0%, against +9.7% for the median peer and -3.4% for the Taiwan market (cap-weighted) — 3rd highest of 21 in its peer set.
Growth Revenue grew 30.5% over the last twelve months (peer median -0.7%); the operating margin is 41.5% (peer median 41.2%).
Valuation It trades at 2.34× book value against a peer median of 1.56× (6th most expensive of 21).
Price implies The share price implies a return on equity of about 7.7%; Sinopac Financial Hldgs delivers 16.3%, so the price asks less than the business earns today.
Next results Next results expected around 12 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | NT$166B | NT$141B | NT$124B | NT$109B | NT$66.7B |
| Revenue growth | — | +13% | +14% | +63% | — |
| Net income | NT$38.4B | NT$26.6B | NT$22.2B | NT$19.8B | NT$16.0B |
| Free cash flow | NT$2.12B | NT$44.1B | -NT$14.8B | NT$24.5B | NT$89.9B |
| Capital expenditure | NT$2.13B | NT$1.96B | NT$1.78B | NT$1.57B | NT$1.38B |
| Total debt | NT$462B | NT$401B | NT$326B | NT$329B | NT$234B |
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.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Sinopac Financial Hldgs 2890.TW | $19.3B | +36% | +31% | 16% | 2.34× | 7.7% |
| 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% |
| Chang Hwa Commercial Bank 2801.TW | $10.2B | +34% | +3% | 9% | 1.46× | 4.7% |
| First Financial 2892.TW | $17.8B | +44% | +5% | 11% | 1.95× | 5.8% |
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.
| Measure | 2890.TW | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -5.3% | +2.6% | 3rd lowest of 21 |
| 6-month return | +36.0% | +9.7% | 3rd highest of 21 |
| Return on equity | 16.3% | 11.3% | 6th highest of 21 |
| Price / book | 2.34× | 1.56× | 6th most expensive of 21 |
| Trailing P/E | 16.0× | 12.3× | 7th most expensive of 21 |
| ROE the price implies | 7.7% | 9.3% | 7th least demanding of 20 |
| ROE delivered | 16.3% | 11.3% | 6th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Sinopac Financial Hldgs 2890.TW | Taiwan | $19.3B | +36% | +31% | 16% | 2.34× | 7.7% | 16.3% |
| Bank of Beijing 601169.SS | China | $18.6B | +11% | -5% | 7% | 0.43× | 2.0% | 7.3% |
| Bank of Hangzhou 600926.SS | China | $18.6B | -2% | -3% | 14% | 0.86× | 3.0% | 13.8% |
| Erste Bank Polska EBP.WA | Poland | $20.4B | +35% | -9% | 16% | 2.42× | 26.7% | 15.6% |
| Hua Nan Financial 2880.TW | Taiwan | $20.8B | +50% | -37% | 14% | 2.85× | 7.9% | 14.1% |
| East West Bancorp EWBC | United States | $17.7B | +5% | +3% | 17% | 1.95× | 16.3% | 16.6% |
| Bank of Shanghai 601229.SS | China | $17.6B | -13% | -7% | 8% | 0.44× | 2.0% | 7.5% |
| Bank Polska Kasa Opieki PEO.WA | Poland | $17.4B | +12% | -5% | 18% | 2.04× | 25.7% | 18.2% |
| Mediobanca - Banca di Credito Finanziario MB.MI | Italy | $23.7B | +26% | +4% | 11% | 1.82× | 18.7% | 10.8% |
| ING Bank Slaski ING.WA | Poland | $15.7B | +20% | +4% | 24% | 3.24× | 33.8% | 23.7% |
| Banco Santander-Chile Sponsored ADR BSAC | United States | $15.2B | +7% | +18% | 25% | 3.00× | 17.6% | 24.9% |
| Pinnacle Financial Partners PNFP | United States | $15.2B | +3% | +100% | 10% | 1.10× | 10.7% | 9.6% |
| Grupo Cibest S.A. Unsponsored ADR Pfd CIB | United States | $24.7B | +42% | +7% | 19% | 1.97× | 14.4% | 18.9% |
| First Citizens BancShares FCNCA | United States | $25.2B | +16% | 0% | 11% | 1.29× | 9.3% | 11.0% |
| Banque Cantonale Vaudoise BCVN.SW | Switzerland | $14.4B | +20% | -8% | 12% | 3.07× | n/a | 11.6% |
| Taiwan Cooperative Financial Hl 5880.TW | Taiwan | $13.6B | +22% | -3% | 9% | 1.55× | 4.8% | 8.9% |
| Bank of Chengdu 601838.SS | China | $12.8B | +5% | +2% | 15% | 0.92× | 3.1% | 15.1% |
| CNPC Capital 000617.SZ | China | $12.3B | -31% | -14% | 5% | 0.76× | 7.9% | 4.6% |
| Resona 8308.T | Japan | $30.8B | +9% | +17% | 9% | 1.57× | 8.7% | 9.3% |
| M&T Bank MTB | United States | $31.4B | +3% | 0% | 11% | 1.24× | 9.3% | 10.6% |
| Chongqing Rural Commercial Bank 601077.SS | China | $11.7B | -1% | -1% | 9% | 0.57× | 2.3% | 9.4% |