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Finance

Fubon Financial Holding Co., Ltd.

Company Background

Fubon is a major Taiwanese financial services company which offers banking, insurance and brokerage products. It started out as a property insurance company in 1961 under the Cathay group, the financial business leviathan controlled by brothers Tsai Wan-lin and Tsai Wan-chun.

Later Tsai Wan-tsai, younger brother to Wan-lin and Wan-chun took control of the property insurance company in 1979 and gradually developed it into his own empire, known today as Fubon. The company was listed as a financial holding company in 2001.

Like Cathay Financial Holding, Fubon makes most of its profits on life insurance. In recent years it has been expanding in the region, particularly in China. Fubon also controls Taiwan Mobile, a major Taiwanese wireless carrier.

Fubon is currently managed by Chairman Daniel Tsai and Vice Chairman Richard Tsai, sons to Wan-tsai and cousins to Cathay Financial Holding Chairman Tsai Hong-tu. Daniel has a master's degree in law from Georgetown University, and Richard has a Master of Business Administration from New York University.

The Tsais are widely recognized as one of the richest families in Taiwan.

Business Summary

Fubon Financial Holding Co., Ltd. engages in the provision of financial services. It offers life insurance, property and casualty insurance, banking, futures, investment management, securities, venture capital, direct marketing consulting, and asset management services through its subsidiaries. The company was founded on December 19, 2001 and is headquartered in Taipei, Taiwan.

Financial Highlights

Dec 2019 TWDUSD
Revenue914,592.42M29,586.29M
Gross Profit----
Operating income230,865.77M7,468.31M
Income before tax65,138.97M2,107.19M
Net income58,497.25M1,892.33M
EBITDA----
Diluted EPS5.450.17
Dividends Per Share20.06
Total Assets8,532.50B284,635.05M
Total liabilities7,912.81B263,962.99M
Total equity607,774.10M20,274.68M
Operating cash flow220,148.81M7,121.62M
Currency in TWDCurrency in USD

Historical Data

 Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019
Revenue 647,024.31M 717,556.92M 692,326.95M 733,113.18M 914,592.42M
Gross Profit -- -- -- -- --
Operating income 70,370.45M 101,913.60M 91,542.29M -53,466.97M 230,865.77M
Income before tax 76,679.43M 53,247.68M 57,358.78M 55,853.77M 65,138.97M
Net income 63,592.58M 48,421.04M 54,122.46M 47,728.85M 58,497.25M
EBITDA -- -- -- -- --
Diluted EPS 6.21 4.73 5.19 4.51 5.45
Dividends Per Share 2 2 2.30 2 2
Total Assets 5,975.42B 6,333.67B 6,905.73B 7,701.49B 8,532.50B
Total liabilities 5,599.34B 5,906.56B 6,416.96B 7,232.66B 7,912.81B
Total equity 367,621.72M 426,819.66M 488,431.60M 459,243.35M 607,774.10M
Operating cash flow 239,153.63M 54,336.81M -162,374.69M -12,826.59M 220,148.81M
 Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019
Revenue 20,376.10M 22,249.27M 22,756.91M 24,311.92M 29,586.29M
Gross Profit -- -- -- -- --
Operating income 2,216.10M 3,160.03M 3,009.01M -1,773.10M 7,468.31M
Income before tax 2,414.79M 1,651.04M 1,885.39M 1,852.25M 2,107.19M
Net income 2,002.65M 1,501.39M 1,779.01M 1,582.81M 1,892.33M
EBITDA -- -- -- -- --
Diluted EPS 0.19 0.14 0.17 0.14 0.17
Dividends Per Share 0.06 0.06 0.07 0.06 0.06
Total Assets 181,916.94M 196,520.93M 232,059.29M 250,560.94M 284,635.05M
Total liabilities 170,467.60M 183,268.72M 215,634.69M 235,308.12M 263,962.99M
Total equity 11,191.94M 13,243.34M 16,413.18M 14,941.06M 20,274.68M
Operating cash flow 7,531.43M 1,684.82M -5,337.28M -425.36M 7,121.62M

Valuation Measures

Dec 2019
PER8.49
ROA0.72%
ROE10.96%
Operating margin25.24%
Profit margin6.39%

Key executives

  • Head-Finance & Deputy General Manager: Yan Sung Chen
  • Deputy General Manager: Li Peng Chang
  • Senior Associate: Chia Hui Wang
  • Manager: Pao Lin Ma
  • Deputy General Manager: Chao Ju Chen

Shareholders

  • City of Taipei (Taiwan) (13.1%)
  • Yuanta Securities Investment Trust Co., Ltd. (10.5%)
  • Ming Dong Co. Ltd. (8.4%)
  • Dao Ying Co. Ltd. (7.7%)
  • TSAI MING HSING RICHARD (3.1%)
  • TSAI MING CHUNG (3.0%)
  • Hung Fu Investment Co. Ltd. (2.5%)
  • The Vanguard Group, Inc. (2.4%)
  • Labor Pension New Fund (2.2%)
  • BlackRock Fund Advisors (1.4%)

Contact Details

  • Website:http://www.fubon.com
  • Address: 237, Section 1, Chien Kuo South Road, Taipei, 106 57, Taiwan
  • Phone: +886.2.66366636

Related Companies

  • Fubon Insurance (Vietnam) Co. Ltd.
  • Fubon Nominees (Hong Kong) Ltd.
  • Fubon Financial Holding Co. Ltd. /Custody/
  • Fubon Securities Investment Trust Co. Ltd.
  • Zhong Xi Co. Ltd.
  • FB Securities (Hong Kong) Ltd.
  • Fubang Securities Co. Ltd.
  • Fubon Property Insurance Co. Ltd.
  • Fubon Bank (China) Co., Ltd.
  • Taiwan Sports Lottery Co. Ltd.
  • Fubon Direct Marketing Co. Ltd.
  • Fubon USA, Inc.
  • Fubon Product Insurance Co. Ltd.
  • Fubon Life Insurance Co., Ltd.
  • Fubon Securities Finance Co. Ltd.
  • Fuh HUA Real Estate Management Co. Ltd.
  • Fubon Financial Venture Capital Co. Ltd.
  • Taipei Fubon Commercial Bank Co. Ltd.
  • Taipei Bank Co. Ltd.
  • Fubon Securities Co. Ltd.
  • Fubon Bank (Hong Kong) Ltd.
  • Fubon Insurance Co. Ltd.

Competitors

  • Capital Futures Corp.
  • Yuanta Futures Co., Ltd.
Last Updated on 27 Nov, 2020

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