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China Bills Finance Corporation (2820.TW)

TWD16.65 +0.00 (+0.00%)
TW TAI Financial Services Investment - Banking & Investment Services
Address No.99, Tiding Blvd. 114
Taipei, TW
CEO Hsiang Wei Cheng
Website cbf.com.tw
IPO 2000-01-04
ISIN TW0002820008

Explore sections of this company profile

Description

China Bills Finance Corporation provides various financial services in Taiwan. The company engages in the certification and underwriting of short-term bills and bank debentures; brokerage and trading of short-term bills, bank debentures, government and corporate bonds, and foreign bonds; guaranteeing short-term bills; and provision of financial consulting services to enterprises. It is also involved in the processing interbank call loans; equity investments; fixed income securities trading; and foreign-currency bills investment businesses. The company was founded in 1978 and is headquartered in Taipei City, Taiwan.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
TWD16.65 +0.00 (+0.00%)
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Volume Profile
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Liquidity & share structure
Average Volume
2M
Beta
0.14
Float Shares
863.90M
Free Float %
64.3%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+0.60% -0.30% +0.00% -2.61% +0.60% -0.59% +10.16% +9.80% +5.66% +36.03% +59.70%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
16.65
DCF (Unlevered) 193.81 +1,064.0%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM)
Rating 2024-11 Change
Strong Buy 0 0
Buy 0 0
Hold 0 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
-0.89
Distress
Piotroski F-Score
5 / 9
Average
MOAT Score
6 / 10
Developing
Composite Rating
B-
Overall Score
3 / 5
Medium
DCF Score
3 / 5
Medium
ROE Score
3 / 5
Medium
ROA Score
3 / 5
Medium
D/E Score
1 / 5
Low
P/E Score
2 / 5
Medium
P/Book Score
3 / 5
Medium
Operational MOAT
✗ Below peers
  • Revenue growth Investment - Banking & Investment Services: +23.9%
    +14.1% Q1'26: +28.2% (vs Q1'25)
  • EPS growth Investment - Banking & Investment Services: +31.6%
    +31.4% Q1'26: +65.5% (vs Q1'25)
  • FCF margin FCF growth · Investment - Banking & Investment Services: +22.1%
    +28.4% Q1'26: +36.4% (vs Q1'25)
  • EBIT margin Investment - Banking & Investment Services: +33.7%
    +89.3% Q1'26: +84.8% (vs Q1'25)
  • ROIC Investment - Banking & Investment Services: +2.7%
    +1.9% Q1'26: +2.1% (vs Q1'25)
  • Share dilution Investment - Banking & Investment Services: +0.1%
    +0.1% Q1'26: +0.0% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Investment - Banking & Investment Services: -0.48×
    37.56× Q1'26: 33.35× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.21) × ERP
WACC = 9% × Ke + 91% × Kd (4.1%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 197.86 Current price: 16.65
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2018
actual
Revenue
2.93B
est: 3.05B (-3.9%)
EBITDA
1.64B
est: 1.43B (+14.6%)
EBIT
1.63B
est: 1.41B (+15.3%)
Net Income
1.34B
SGA
134.09M
est: 105.84M (+26.7%)
EPS
0.99
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-29 B- 3/5 3/5 3/5 3/5 1/5 2/5 3/5
2026-05-28 B- 3/5 3/5 3/5 3/5 1/5 2/5 3/5
2026-05-27 B- 3/5 3/5 3/5 3/5 1/5 2/5 3/5
2026-05-26 B- 3/5 3/5 3/5 3/5 1/5 2/5 3/5
2026-05-25 B- 3/5 3/5 3/5 3/5 1/5 2/5 3/5
2026-05-22 B- 3/5 3/5 3/5 3/5 1/5 2/5 3/5
2026-05-21 B- 3/5 3/5 3/5 3/5 1/5 2/5 3/5
2026-05-20 B- 3/5 3/5 3/5 3/5 1/5 2/5 3/5
2026-05-19 B- 3/5 3/5 3/5 3/5 1/5 2/5 3/5
2026-05-18 B- 3/5 3/5 3/5 3/5 1/5 2/5 3/5
2026-05-15 B- 2/5 3/5 2/5 3/5 1/5 2/5 3/5
2026-05-14 B- 2/5 3/5 2/5 3/5 1/5 2/5 3/5
2026-05-13 B- 2/5 3/5 2/5 3/5 1/5 2/5 3/5
2026-05-12 B- 2/5 3/5 2/5 3/5 1/5 2/5 3/5
2026-05-11 B- 2/5 3/5 2/5 3/5 1/5 2/5 3/5
2026-05-08 B- 3/5 3/5 2/5 3/5 1/5 2/5 4/5
2026-05-07 B- 3/5 3/5 2/5 3/5 1/5 2/5 4/5
2026-05-06 B- 3/5 3/5 2/5 3/5 1/5 2/5 4/5
2026-05-05 B- 3/5 3/5 2/5 3/5 1/5 2/5 4/5
2026-05-04 B- 3/5 3/5 2/5 3/5 1/5 2/5 4/5
2026-04-30 B- 2/5 3/5 2/5 3/5 1/5 2/5 3/5
2026-04-29 B 3/5 3/5 3/5 3/5 1/5 2/5 4/5
2026-04-28 B 3/5 3/5 3/5 3/5 1/5 2/5 4/5
2026-04-27 B- 3/5 3/5 3/5 3/5 1/5 2/5 3/5
2026-04-24 B- 3/5 3/5 3/5 3/5 1/5 2/5 3/5
2026-04-23 B 3/5 3/5 3/5 4/5 1/5 3/5 3/5
2026-04-22 B 3/5 3/5 3/5 4/5 1/5 3/5 3/5
2026-04-21 B 3/5 3/5 3/5 4/5 1/5 3/5 3/5
2026-04-20 B 3/5 3/5 3/5 4/5 1/5 3/5 3/5
2026-04-17 B 3/5 3/5 3/5 4/5 1/5 3/5 3/5
2026-04-16 B 3/5 3/5 3/5 4/5 1/5 3/5 3/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
-10.67B
OE per share TTM
-7.92
Owner's Yield
-47.27%
Maintenance CapEx ratio
2.42%
Maint CapEx / Avg PPE
3.8%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 58 ETFs in our universe

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
37.42M
Shares Outstanding
1.34B

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Chen Po-Chun Vice President of Administration Department male
Chen-Cheng Hsieh CCO and Vice President of Legal & Compliance Department male
Cheng-Hsiang Wei Chief Information Security Officer, President & Manager male
Fa Yi Fang Accounting Supervisor
Gwo-Cheng Tu Senior EVice President, Head of Corporate Banking & Finance Dept. and Chief Internal Auditor male
Hung-Ta Chou Vice President of Information Technology Department male
Jen-Chieh Chen Vice President of Corporate Finance Department male
Li-Fan Liu Vice President of Legal & Compliance Department male
Ming-Mei Huang Manager of Operation Department female
Po-Chun Chen Vice President of Administration Department male
Ya-Ling Yang Executive Vice President of Fixed Income Products Department & Financial Officer female
Yi-Chang Kan Vice President of Risk Management Department & Corporate Governance Officer male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.

Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits