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Taiwan Business Bank, Ltd. (2834.TW)

TWD17.85 +0.20 (+1.13%)
TW TAI Financial Services Banks - Regional
Address No. 30, Ta-Cheng Street
Taipei, TW
CEO Kuo-Chung Lee
Website tbb.com.tw
IPO 2000-01-04
ISIN TW0002834009

Explore sections of this company profile

Description

Taiwan Business Bank, Ltd. (TBB) primarily serves small and medium-sized enterprises (SMEs) by offering banking and financial solutions across a broad international footprint. Its operations span Taiwan, the United States, Hong Kong, Australia, mainland China, Cambodia, and Japan. The institution is structured into five key divisions: Banking, Securities, Trust, Insurance Agency, and Other services. Its comprehensive financial offerings span traditional banking services such as deposits, remittances, and loans. Beyond this, TBB facilitates securities investment through its own operations and by offering brokerage, financing, and futures trading support. The institution also provides securities underwriting, custodian banking, and diverse trust services (including new type and specific trust funds). Moreover, it extends into insurance products (both life and property), leasing, consulting, financing, and venture capital. By the close of 2021, specifically December 31st, TBB maintained a substantial operational footprint. This included 124 branches within Taiwan, one offshore banking unit, eight international branches, a single overseas representative office, and 16 dedicated securities brokerage points. Established in 1915, the bank maintains its headquarters in Taipei, 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
TWD17.85 +0.20 (+1.13%)
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Volume Profile
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Liquidity & share structure
Average Volume
39M
Beta
0.34
Float Shares
7.16B
Free Float %
73.7%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+0.31% -0.93% +4.90% -0.31% +1.90% +0.31% +16.56% +39.81% +118.66% +226.22% +92.68%
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
vs.
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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
17.85
DCF (Unlevered) 10.15 -43.1%
DCF (Levered) 27.51 +54.1%

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
0.04
Distress
Piotroski F-Score
3 / 9
Average
Composite Rating
B
Overall Score
3 / 5
Medium
DCF Score
4 / 5
High
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
  • Revenue growth
    -78.3% Q1'26: -75.6% (vs Q1'25)
  • EPS growth
    +9.6% Q1'26: +16.7% (vs Q1'25)
  • FCF margin
    Q1'26: -272.5% (vs Q1'25)
  • EBIT margin
    Q1'26: +100.0% (vs Q1'25)
  • ROIC
    Q1'26: +4.5% (vs Q1'25)
  • Share dilution
    -0.8% Q1'26: +0.9% (vs Q1'25)
  • Debt / EBITDA
    Q1'26: 15.53× (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 (0.36) × ERP
WACC = 37% × Ke + 63% × Kd (4.1%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 10.15 Current price: 17.85
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 2016
actual
Dec 2017
actual
Dec 2018
actual
Dec 2019
actual
Dec 2020
actual
Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2025
actual
Dec 2026
1 Rev. Ana.
1 EPS Ana.
Dec 2027
1 Rev. Ana.
1 EPS Ana.
Dec 2028
1 Rev. Ana.
1 EPS Ana.
Dec 2029
1 Rev. Ana.
1 EPS Ana.
Dec 2030
1 Rev. Ana.
1 EPS Ana.
Revenue
29.12B
est: 31.00B (-6.1%)
30.35B
est: 31.00B (-2.1%)
34.06B
est: 31.00B (+9.9%)
35.64B
est: 22.90B (+55.7%)
30.50B
est: 24.19B (+26.1%)
30.35B
est: 23.55B (+28.9%)
41.52B
est: 23.55B (+76.3%)
62.28B
est: 25.22B (+147.0%)
15.24B
est: 22.90B (-33.4%)
22.90B
22.90B – 22.90B
+0.0% YoY
24.19B
24.19B – 24.19B
+5.6% YoY
23.55B
23.55B – 23.55B
-2.6% YoY
23.55B
23.55B – 23.55B
+0.0% YoY
25.22B
25.22B – 25.22B
+7.1% YoY
EBITDA
6.75B
est: 7.40B (-8.8%)
6.29B
est: 7.40B (-15.0%)
9.67B
est: 7.40B (+30.7%)
9.02B
est: 5.47B (+65.1%)
6.38B
est: 5.77B (+10.5%)
6.84B
est: 5.62B (+21.7%)
13.27B
est: 5.62B (+136.0%)
13.70B
est: 6.02B (+127.6%)
15.24B
est: 9.09B (+67.8%)
9.09B
9.09B – 9.09B
+0.0% YoY
9.60B
9.60B – 9.60B
+5.6% YoY
9.35B
9.35B – 9.35B
-2.6% YoY
9.35B
9.35B – 9.35B
+0.0% YoY
10.01B
10.01B – 10.01B
+7.1% YoY
EBIT
6.36B
est: 6.56B (-3.0%)
5.87B
est: 6.56B (-10.4%)
9.20B
est: 6.56B (+40.3%)
8.07B
est: 4.84B (+66.6%)
5.39B
est: 5.11B (+5.3%)
5.80B
est: 4.98B (+16.5%)
12.04B
est: 4.98B (+141.8%)
12.43B
est: 5.33B (+133.1%)
15.24B
est: 8.61B (+77.0%)
8.61B
8.61B – 8.61B
+0.0% YoY
9.10B
9.10B – 9.10B
+5.6% YoY
8.86B
8.86B – 8.86B
-2.6% YoY
8.86B
8.86B – 8.86B
+0.0% YoY
9.49B
9.49B – 9.49B
+7.1% YoY
Net Income
5.20B
est: 5.93B (-12.4%)
5.04B
est: 5.80B (-13.1%)
7.64B
est: 5.80B (+31.7%)
6.73B
est: 8.55B (-21.3%)
4.70B
est: 7.99B (-41.2%)
5.10B
est: 8.14B (-37.4%)
10.12B
est: 6.11B (+65.6%)
10.57B
est: 7.27B (+45.3%)
12.23B
est: 8.01B (+52.8%)
8.01B
8.01B – 8.01B
+0.0% YoY
7.48B
7.48B – 7.48B
-6.6% YoY
7.62B
7.62B – 7.62B
+1.9% YoY
5.72B
5.72B – 5.72B
-24.9% YoY
6.81B
6.81B – 6.81B
+18.9% YoY
SGA
3.99B
est: 3.02B (+32.3%)
4.08B
est: 3.02B (+35.4%)
4.24B
est: 3.02B (+40.4%)
3.66B
est: 2.23B (+64.5%)
3.50B
est: 2.35B (+48.7%)
3.65B
est: 2.29B (+59.5%)
4.00B
est: 2.29B (+74.5%)
4.91B
est: 2.45B (+100.0%)
est: 1.70B (-100.0%)
1.70B
1.70B – 1.70B
+0.0% YoY
1.80B
1.80B – 1.80B
+5.6% YoY
1.75B
1.75B – 1.75B
-2.6% YoY
1.75B
1.75B – 1.75B
+0.0% YoY
1.88B
1.88B – 1.88B
+7.1% YoY
EPS
0.65
est: 0.61 (+7.4%)
0.63
est: 0.59 (+6.6%)
0.94
est: 0.59 (+59.1%)
0.80
est: 0.87 (-8.3%)
0.54
est: 0.82 (-34.2%)
0.58
est: 0.83 (-29.7%)
1.16
est: 0.63 (+85.6%)
1.22
est: 0.74 (+63.7%)
1.26
est: 0.82 (+52.8%)
0.82
0.82 – 0.82
+0.0% YoY
0.77
0.77 – 0.77
-6.6% YoY
0.79
0.79 – 0.79
+1.9% YoY
0.59
0.59 – 0.59
-24.9% YoY
0.70
0.70 – 0.70
+18.9% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-12 B 3/5 4/5 3/5 3/5 1/5 2/5 3/5
2026-05-11 B 3/5 4/5 3/5 3/5 1/5 2/5 3/5
2026-05-08 B 3/5 4/5 3/5 3/5 1/5 2/5 3/5
2026-05-07 B 3/5 4/5 3/5 3/5 1/5 2/5 3/5
2026-05-06 B 3/5 4/5 3/5 3/5 1/5 2/5 3/5
2026-05-05 B 3/5 4/5 3/5 3/5 1/5 2/5 3/5
2026-05-04 B 3/5 4/5 3/5 3/5 1/5 2/5 3/5
2026-04-30 B 3/5 4/5 3/5 3/5 1/5 2/5 3/5
2026-04-29 B 3/5 4/5 3/5 3/5 1/5 2/5 3/5
2026-04-28 B 3/5 4/5 3/5 3/5 1/5 2/5 3/5
2026-04-27 B 3/5 4/5 3/5 3/5 1/5 2/5 3/5
2026-04-24 B 3/5 4/5 3/5 3/5 1/5 2/5 3/5
2026-04-23 B+ 3/5 5/5 3/5 4/5 1/5 3/5 3/5
2026-04-22 B+ 3/5 5/5 3/5 4/5 1/5 3/5 3/5
2026-04-21 B+ 3/5 5/5 3/5 4/5 1/5 3/5 3/5
2026-04-20 B+ 3/5 5/5 3/5 4/5 1/5 3/5 3/5
2026-04-17 B+ 3/5 5/5 3/5 4/5 1/5 3/5 3/5
2026-04-16 B+ 3/5 5/5 3/5 4/5 1/5 3/5 3/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
-6.24B
OE per share TTM
-1.01
Owner's Yield
-4.02%
Maintenance CapEx ratio
215.49%
Maint CapEx / Avg PPE
37.6%

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 134 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 iShares MSCI Taiwan ETF EWT 0.43% 45.77M 0.59%
2 WisdomTree Emerging Markets Quality Dividend Growth Fund DGRE 0.36% 523.3K 0.32%
3 Columbia EM Core ex-China ETF XCEM 0.31% 6.08M 0.16%
4 Avantis Emerging Markets Value ETF AVES 0.25% 3.72M 0.36%
5 KraneShares MSCI Emerging Markets ex China Index ETF KEMX 0.25% 322.2K 0.59%
6 iShares Edge MSCI EM Minimum Volatility UCITS ETF EMMV.L 0.23% 1.10M 0.40%
7 iShares MSCI Emerging Markets Min Vol Factor ETF EEMV 0.22% 8.01M 0.25%
8 iShares MSCI Min Vol Emerging Markets Index ETF XMM.TO 0.22% 189.5K 0.42%
9 Franklin FTSE Taiwan ETF FLTW 0.19% 5.60M 0.19%
10 Xtrackers MSCI Taiwan UCITS ETF 1C XMTD.L 0.18% 867.4K 0.65%

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
2.66M
Shares Outstanding
9.72B

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
Chih-Cheng Cho Senior Vice President and GM of Administration Management Dept. and Manager male
Jia-Ruey Luan Executive Vice President & Chief Information Security Officer male
Jiang Shu Lin Sales Department Manager male
Kuo-Chung Lee MD, President & Director male
Man Ling Shao Senior Vice President & GM of Human Resources Dept and Manager female
Min-Chung Hsieh Senior Vice President & GM of Compliance Department and Manager male
Ming-Chi Huang Senior Vice President & GM of Accounting Dept. and Manager female
Tseng-Hsiang Yi Executive Vice President male
Xin-Wu Lin MD & Independent Director male
Zengxiang Yi Executive Vice President 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