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China Bills Finance Corporation

2820.TW

(2.5)
Stock Price

15,00 TWD

0.5% ROA

4.86% ROE

16.91x PER

Market Cap.

20.144.400.000,00 TWD

858.37% DER

4.87% Yield

26.2% NPM

China Bills Finance Corporation Stock Analysis

China Bills Finance Corporation Fundamental Analysis

Fundamental analysis in stock investing is like studying the foundation of a house before buying it. It involves looking at a company's financial health, like its earnings, assets, and debts, to determine if it's a good investment based on its fundamental strength and potential for growth.

China Bills Finance Corporation Fundamental Stock Analysis
# Analysis Rating
1 PBV

The stock's low PBV ratio (0.87x) suggests it's undervalued, making it an attractive opportunity for investors.

2 DER

The stock has a minimal amount of debt (0%) relative to its ownership, showcasing a strong financial position and lower risk for investors.

3 Dividend

Investors can take comfort in the company's unwavering commitment to dividends, as it has consistently distributed payouts over the past five years, ensuring a reliable income stream.

4 ROE

The stock's ROE falls within an average range (5.43%), demonstrating satisfactory profitability and efficiency in utilizing shareholders' equity.

5 ROA

The stock's ROA (0.61%) shows that it's doing a pretty good job at making money from its assets, making it a solid choice to invest and earn steady profits.

6 Graham Number

The Graham number analysis indicates that this company's stock price is likely undervalued, raising prospects for a favorable investment opportunity.

7 Buffet Intrinsic Value

Based on Warren Buffett's formula, the company's stock appears undervalued (23), presenting an attractive investment chance with its intrinsic value surpassing the current market price.

8 Revenue Growth

Company's revenue has stayed stagnant, showing no signs of improvement and making it a less favorable choice.

9 Net Profit Growth

Throughout the last five years, this company's net profit has remained unchanged, indicating a lack of growth and making it a less favorable investment option.

10 Assets Growth

Regrettably, this company's revenue has shown no signs of growth over the past three years, suggesting limited potential for returns and making it a less appealing choice.

11 Dividend Growth

The company's dividend growth has shown no improvement in the past three years, making it a less attractive investment option for those seeking increasing returns.

China Bills Finance Corporation Technical Analysis

Technical analysis in stock investing is like reading the patterns on a weather map to predict future weather conditions. It involves studying past stock price movements and trading volumes to make predictions about where a stock's price might go next, without necessarily looking at the company's financial health.

China Bills Finance Corporation Technical Stock Analysis
# Analysis Recommendation
1 Awesome Oscillator Buy
2 MACD Buy
3 RSI Hold
4 Stoch RSI Buy

China Bills Finance Corporation Price Chart

Financial Statements

Financial statements are like report cards for companies. They show how much money a company makes (income statement), what it owns and owes (balance sheet), and where it spends its money (cash flow statement), helping stock investors understand if a company is healthy and worth investing in.

Income Statements

An income statement for a company is like a scoreboard for its profits and losses. It shows how much money the company made (revenue) and how much it spent to make that money (expenses), helping stock investors see if a company is making a profit or not.

Revenue in stock investing is the total amount of money a company earns from its sales, and it's a key factor that investors consider to assess a company's financial performance and growth potential.

China Bills Finance Corporation Revenue
Year Revenue Growth
2006 2.005.281.000
2007 1.535.151.000 -30.62%
2008 2.097.414.000 26.81%
2009 3.070.900.000 31.7%
2010 1.922.287.000 -59.75%
2011 1.363.684.000 -40.96%
2012 1.367.937.000 0.31%
2013 1.619.859.000 15.55%
2014 1.862.442.000 13.02%
2015 2.231.081.000 16.52%
2016 2.345.858.000 4.89%
2017 2.084.703.000 -12.53%
2018 1.983.581.000 -5.1%
2019 2.035.693.000 2.56%
2020 2.553.285.000 20.27%
2021 2.838.964.000 10.06%
2022 1.636.956.000 -73.43%
2023 1.931.880.000 15.27%
2023 4.964.911.000 61.09%
2024 5.412.692.000 8.27%

Research and Development Expenses are the costs a company incurs to create and improve its products or services, which can be important for investors to evaluate a company's innovation and potential for future growth.

China Bills Finance Corporation Research and Development Expenses
Year Research and Development Expenses Growth
2006 0
2007 0 0%
2008 0 0%
2009 0 0%
2010 0 0%
2011 0 0%
2012 0 0%
2013 0 0%
2014 0 0%
2015 0 0%
2016 1 0%
2017 1 0%
2018 1 0%
2019 0 0%
2020 1 0%
2021 1 0%
2022 0 0%
2023 0 0%
2023 0 0%
2024 0 0%

General and Administrative Expenses are the costs a company incurs to run its day-to-day operations, such as office rent, salaries, and utilities, which investors consider to understand a company's overall efficiency and management effectiveness.

China Bills Finance Corporation General and Administrative Expenses
Year General and Administrative Expenses Growth
2006 148.294.000
2007 129.391.000 -14.61%
2008 159.084.000 18.66%
2009 154.070.000 -3.25%
2010 114.390.000 -34.69%
2011 190.900.000 40.08%
2012 132.408.000 -44.18%
2013 162.627.000 18.58%
2014 145.530.000 -11.75%
2015 157.919.000 7.85%
2016 137.718.000 -14.67%
2017 126.759.000 -8.65%
2018 134.089.000 5.47%
2019 108.529.000 -23.55%
2020 122.152.000 11.15%
2021 126.047.000 3.09%
2022 128.593.000 1.98%
2023 131.532.000 2.23%
2023 137.425.000 4.29%
2024 108.088.000 -27.14%

EBITDA stands for Earnings Before Interest, Taxes, Depreciation, and Amortization. It is a measure that helps stock investors analyze a company's profitability by looking at its earnings without considering certain expenses. This helps to get a clearer picture of the company's financial performance and its ability to generate cash flow.

China Bills Finance Corporation EBITDA
Year EBITDA Growth
2006 3.375.866.000
2007 4.420.381.000 23.63%
2008 4.006.002.000 -10.34%
2009 2.384.147.000 -68.03%
2010 2.374.382.000 -0.41%
2011 5.336.345.000 55.51%
2012 2.648.987.000 -101.45%
2013 2.751.056.000 3.71%
2014 2.617.877.000 -5.09%
2015 2.830.373.000 7.51%
2016 2.693.289.000 -5.09%
2017 2.456.048.000 -9.66%
2018 2.587.073.000 5.06%
2019 1.577.962.000 -63.95%
2020 2.005.073.000 21.3%
2021 2.344.776.000 14.49%
2022 2.433.645.000 3.65%
2023 1.517.084.000 -60.42%
2023 4.426.086.000 65.72%
2024 4.810.916.000 8%

Gross profit is the money a company makes from selling its products or services after subtracting the cost of producing or providing them, and it is an important measure for investors to understand a company's profitability.

China Bills Finance Corporation Gross Profit
Year Gross Profit Growth
2006 2.005.281.000
2007 1.535.151.000 -30.62%
2008 2.097.414.000 26.81%
2009 3.070.900.000 31.7%
2010 1.922.287.000 -59.75%
2011 1.363.684.000 -40.96%
2012 1.367.937.000 0.31%
2013 1.619.859.000 15.55%
2014 1.862.442.000 13.02%
2015 2.231.081.000 16.52%
2016 2.345.858.000 4.89%
2017 2.039.362.000 -15.03%
2018 1.952.298.000 -4.46%
2019 1.999.145.000 2.34%
2020 2.030.091.001 1.52%
2021 2.778.610.000 26.94%
2022 1.543.008.000 -80.08%
2023 1.931.880.000 20.13%
2023 4.914.718.000 60.69%
2024 5.354.352.000 8.21%

Net income in stock investing is like the money a company actually gets to keep as profit after paying all its bills, and it's an important measure to understand how well a company is doing financially.

China Bills Finance Corporation Net Profit
Year Net Profit Growth
2006 -408.697.000
2007 984.720.000 141.5%
2008 1.150.023.000 14.37%
2009 1.650.411.000 30.32%
2010 1.554.955.000 -6.14%
2011 4.244.969.000 63.37%
2012 1.162.649.000 -265.11%
2013 1.400.861.000 17%
2014 1.385.343.000 -1.12%
2015 1.609.696.000 13.94%
2016 1.633.518.000 1.46%
2017 1.351.064.000 -20.91%
2018 1.335.419.000 -1.17%
2019 1.244.653.000 -7.29%
2020 1.578.242.000 21.14%
2021 1.857.666.000 15.04%
2022 1.040.282.000 -78.57%
2023 1.256.856.000 17.23%
2023 1.288.522.000 2.46%
2024 972.376.000 -32.51%

EPS, or earnings per share, is a measure that shows how much profit a company has earned for each outstanding share of its stock, and it is important for stock investors as it helps understand the profitability of a company and compare it with other companies in the market.

China Bills Finance Corporation Earning per Share (EPS)
Year Earning per Share (EPS) Growth
2006 0
2007 1 0%
2008 1 0%
2009 1 0%
2010 1 100%
2011 3 66.67%
2012 1 0%
2013 1 100%
2014 1 0%
2015 1 0%
2016 1 0%
2017 1 0%
2018 1 0%
2019 1 0%
2020 1 100%
2021 1 0%
2022 1 0%
2023 1 0%
2023 1 0%
2024 1 0%

Cashflow Statements

Cashflow statements show the movement of money in and out of a company, helping stock investors understand how much money a company makes and spends. By examining cashflow statements, investors can assess if a company is generating enough cash to pay its bills, invest in growth, and provide returns to stockholders.

Free cash flow is the leftover cash that a company generates after covering its operating expenses and capital expenditures, which is important for stock investors as it shows how much money a company has available to invest in growth, pay dividends, or reduce debt.

China Bills Finance Corporation Free Cashflow
Year Free Cashflow Growth
2006 -3.818.816.000
2007 -3.356.415.000 -13.78%
2008 -4.134.530.000 18.82%
2009 303.189.000 1463.68%
2010 4.375.336.000 93.07%
2011 -4.816.346.000 190.84%
2012 1.219.976.000 494.79%
2013 -4.152.588.000 129.38%
2014 2.836.308.000 246.41%
2015 2.469.803.000 -14.84%
2016 -3.985.007.000 161.98%
2017 -1.959.584.000 -103.36%
2018 -4.997.235.000 60.79%
2019 13.608.030.000 136.72%
2020 4.848.642.000 -180.66%
2021 -1.542.738.000 414.29%
2022 3.320.984.000 146.45%
2023 -55.732.999 6058.74%
2023 -7.179.144.000 99.22%
2024 49.359.000 14644.75%

Operating cash flow represents the cash generated or consumed by a company's day-to-day operations, excluding external investing or financing activities, and is crucial for stock investors as it shows how much cash a company is generating from its core business operations.

China Bills Finance Corporation Operating Cashflow
Year Operating Cashflow Growth
2006 -3.816.551.000
2007 -3.341.095.000 -14.23%
2008 -4.131.973.000 19.14%
2009 306.468.000 1448.26%
2010 4.382.484.000 93.01%
2011 -4.803.567.000 191.23%
2012 1.225.291.000 492.03%
2013 -4.145.234.000 129.56%
2014 2.842.498.000 245.83%
2015 2.472.837.000 -14.95%
2016 -3.977.760.000 162.17%
2017 -1.955.034.000 -103.46%
2018 -4.995.237.000 60.86%
2019 13.618.146.000 136.68%
2020 4.856.260.000 -180.42%
2021 -1.536.468.000 416.07%
2022 3.322.693.000 146.24%
2023 -47.418.000 7107.24%
2023 -7.177.748.000 99.34%
2024 52.243.000 13839.16%

Capex, short for capital expenditures, refers to the money a company spends on acquiring or upgrading tangible assets like buildings, equipment, or technology, which is important for stock investors as it indicates how much a company is investing in its infrastructure to support future growth and profitability.

China Bills Finance Corporation Capital Expenditure
Year Capital Expenditure Growth
2006 2.265.000
2007 15.320.000 85.22%
2008 2.557.000 -499.14%
2009 3.279.000 22.02%
2010 7.148.000 54.13%
2011 12.779.000 44.06%
2012 5.315.000 -140.43%
2013 7.354.000 27.73%
2014 6.190.000 -18.8%
2015 3.034.000 -104.02%
2016 7.247.000 58.13%
2017 4.550.000 -59.27%
2018 1.998.000 -127.73%
2019 10.116.000 80.25%
2020 7.618.000 -32.79%
2021 6.270.000 -21.5%
2022 1.709.000 -266.88%
2023 8.314.999 79.45%
2023 1.396.000 -495.63%
2024 2.884.000 51.6%

Balance Sheet

Balance sheets provide a snapshot of a company's financial health and its assets (such as cash, inventory, and property) and liabilities (like debts and obligations) at a specific point in time. For stock investors, balance sheets help assess the company's overall worth and evaluate its ability to meet financial obligations and support future growth.

Equity refers to the ownership interest or stake that shareholders have in a company, representing their claim on its assets and earnings after all debts and liabilities are paid.

China Bills Finance Corporation Equity
Year Equity Growth
2006 18.787.282.000
2007 18.929.313.000 0.75%
2008 21.320.632.000 11.22%
2009 21.628.730.000 1.42%
2010 18.505.934.000 -16.87%
2011 21.698.893.000 14.71%
2012 20.842.027.000 -4.11%
2013 20.948.326.000 0.51%
2014 21.467.031.000 2.42%
2015 22.385.337.000 4.1%
2016 189.224.334.000 88.17%
2017 211.092.785.000 10.36%
2018 197.127.503.000 -7.08%
2019 194.806.210.000 -1.19%
2020 215.553.454.000 9.63%
2021 225.957.403.000 4.6%
2022 204.843.142.000 -10.31%
2023 219.854.350.000 6.83%
2023 23.376.058.000 -840.51%
2024 24.405.121.000 4.22%

Assets represent the valuable resources that a company owns, such as cash, inventory, property, and equipment, and understanding a company's assets helps investors assess its value and potential for generating future profits.

China Bills Finance Corporation Assets
Year Assets Growth
2006 209.428.949.000
2007 174.581.180.000 -19.96%
2008 162.236.864.000 -7.61%
2009 155.020.330.000 -4.66%
2010 160.095.948.000 3.17%
2011 172.501.374.000 7.19%
2012 174.638.435.000 1.22%
2013 188.338.814.000 7.27%
2014 169.917.019.000 -10.84%
2015 207.582.155.000 18.14%
2016 203.339.091.000 -2.09%
2017 220.412.404.000 7.75%
2018 199.531.031.000 -10.47%
2019 197.539.559.000 -1.01%
2020 218.284.001.000 9.5%
2021 228.733.880.000 4.57%
2022 207.660.475.000 -10.15%
2023 222.355.859.000 6.61%
2023 217.291.571.000 -2.33%
2024 237.361.400.000 8.46%

Liabilities refer to the financial obligations or debts that a company owes to creditors or external parties, and understanding a company's liabilities is important for investors as it helps assess the company's financial risk and ability to meet its obligations.

China Bills Finance Corporation Liabilities
Year Liabilities Growth
2006 190.641.667.000
2007 155.651.867.000 -22.48%
2008 140.916.232.000 -10.46%
2009 133.391.600.000 -5.64%
2010 141.590.014.000 5.79%
2011 150.802.481.000 6.11%
2012 153.796.408.000 1.95%
2013 167.390.488.000 8.12%
2014 148.449.988.000 -12.76%
2015 185.196.818.000 19.84%
2016 180.902.033.000 -2.37%
2017 197.387.472.000 8.35%
2018 176.232.538.000 -12%
2019 173.684.097.000 -1.47%
2020 192.834.559.000 9.93%
2021 203.176.695.000 5.09%
2022 185.682.475.000 -9.42%
2023 197.422.635.000 5.95%
2023 193.915.513.000 -1.81%
2024 212.956.279.000 8.94%

China Bills Finance Corporation Financial Ratio (TTM)

Valuation Metrics

Revenue per Share
3.39
Net Income per Share
0.89
Price to Earning Ratio
16.91x
Price To Sales Ratio
4.43x
POCF Ratio
-3.6
PFCF Ratio
-3.59
Price to Book Ratio
0.83
EV to Sales
50.44
EV Over EBITDA
56.66
EV to Operating CashFlow
-40.99
EV to FreeCashFlow
-40.9
Earnings Yield
0.06
FreeCashFlow Yield
-0.28
Market Cap
20,14 Bil.
Enterprise Value
229,34 Bil.
Graham Number
19.04
Graham NetNet
-157.54

Income Statement Metrics

Net Income per Share
0.89
Income Quality
-4.48
ROE
0.05
Return On Assets
0.01
Return On Capital Employed
0.14
Net Income per EBT
0.84
EBT Per Ebit
0.35
Ebit per Revenue
0.88
Effective Tax Rate
0.16

Margins

Sales, General, & Administrative to Revenue
0.03
Research & Developement to Revenue
0
Stock Based Compensation to Revenue
0
Gross Profit Margin
0.99
Operating Profit Margin
0.88
Pretax Profit Margin
0.31
Net Profit Margin
0.26

Dividends

Dividend Yield
0.05
Dividend Yield %
4.87
Payout Ratio
0.56
Dividend Per Share
0.73

Operating Metrics

Operating Cashflow per Share
-4.17
Free CashFlow per Share
-4.18
Capex to Operating CashFlow
-0
Capex to Revenue
0
Capex to Depreciation
0.45
Return on Invested Capital
0.01
Return on Tangible Assets
0.01
Days Sales Outstanding
117.71
Days Payables Outstanding
11840.16
Days of Inventory on Hand
0
Receivables Turnover
3.1
Payables Turnover
0.03
Inventory Turnover
0
Capex per Share
0.01

Balance Sheet

Cash per Share
0,22
Book Value per Share
18,17
Tangible Book Value per Share
18.17
Shareholders Equity per Share
18.17
Interest Debt per Share
158.48
Debt to Equity
8.58
Debt to Assets
0.88
Net Debt to EBITDA
51.68
Current Ratio
0
Tangible Asset Value
24,41 Bil.
Net Current Asset Value
-212,96 Bil.
Invested Capital
-209317628000
Working Capital
-209,47 Bil.
Intangibles to Total Assets
0
Average Receivables
1,92 Bil.
Average Payables
1,96 Bil.
Average Inventory
0
Debt to Market Cap
10.4

Dividends

Dividends in stock investing are like rewards that companies give to their shareholders. They are a portion of the company's profits distributed to investors, typically in the form of cash payments, as a way for them to share in the company's success.

China Bills Finance Corporation Dividends
Year Dividends Growth
2000 1
2001 1 0%
2004 1 100%
2005 1 0%
2006 1 0%
2009 1 0%
2010 1 0%
2011 1 0%
2012 2 100%
2013 1 0%
2014 1 0%
2015 1 0%
2016 1 0%
2017 1 0%
2018 1 0%
2019 1 0%
2020 1 0%
2021 1 0%
2022 1 0%
2023 1 0%
2024 1 0%

China Bills Finance Corporation Profile

About China Bills Finance Corporation

China Bills Finance Corporation provides various financial services in Taiwan. The company engages in the certification and underwriting of short-term bills, bank debentures, and foreign currency bills; brokerage and trading of short-term bills, bank debentures, government bonds, and foreign currency bills; guaranteeing short-term bills; and provision of financial consulting services to enterprises. It is also involved in the proprietary trading of and corporate and foreign bonds; equity investments; and fixed income securities trading, as well as provision of inter-bank call loans. As of December 31, 2020, the company operated a network of five branches located in Banqiao, Taoyuan, Taichung, Tainan, and Kaohsiung. China Bills Finance Corporation was incorporated in 1978 and is headquartered in Taipei City, Taiwan.

CEO
Mr. Cheng-Hsiang Wei
Employee
167
Address
No. 99, Tiding Boulevard
Taipei, 114

China Bills Finance Corporation Executives & BODs

China Bills Finance Corporation Executives & BODs
# Name Age
1 Mr. Chen Po-Chun
Vice President of Administration Dept & Accounting Supervisor
70
2 Ms. Ming-Mei Huang
Manager of Operation Department
70
3 Mr. Chen-Cheng Hsieh
CCO and Vice President of Legal & Compliance Department
70
4 Mr. Cheng-Hsiang Wei
Chief Information Security Officer, President, Manager & Director
70
5 Mr. Yi-Tien Chen
Executive Vice President of Fixed Income Products Department & Financial Officer
70
6 Mr. Gwo-Cheng Tu
Senior EVice President, Head of Corporate Banking & Finance Dept. and Chief Internal Auditor
70

China Bills Finance Corporation Competitors