ArrowArtboardCreated with Sketch.Title ChevronCrossEye IconFacebook IconIcon FacebookGoogle Plus IconLayer 1InstagramCreated with Sketch.Linkedin IconIcon LinkedinShapeCreated with Sketch.Icon Mail ContactPath LayerIcon MailMenu BurgerIcon Opinion QuotePositive ArrowIcon PrintRSS IconIcon SearchSite TitleTitle ChevronTwitter IconIcon TwitterYoutube Icon
Finance

Fubon Financial Holding Co. Ltd.

  • 49.90 TWD
  • 0.00
  • 0.00%
  • Taiwan
    Aug 17, 2018
  • Ticker
    TAI(2881)
  • Prev. close
    49.90
  • Market cap (TWD)
    510,656.84M
  • Market cap (USD)
    16,564.97M
  • Shares
    10,233.60M

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 2017 TWDUSD
Revenue692,326.95M22,756.91M
Gross Profit----
Operating income91,542.29M3,009.01M
Income before tax57,358.78M1,885.39M
Net income54,122.46M1,779.01M
EBITDA----
Diluted EPS5.190.17
Dividends Per Share2.300.07
Total Assets6,905.73B232,059.29M
Total liabilities6,416.96B215,634.69M
Total equity488,431.60M16,413.18M
Operating cash flow-162,374.69M-5,337.28M
Currency in TWDCurrency in USD

Historical Data

 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 569,421.05M 613,982.68M 647,024.31M 717,556.92M 692,326.95M
Gross Profit -- -- -- -- --
Operating income 56,590.33M 98,339.16M 70,370.45M 101,913.60M 91,542.29M
Income before tax 37,798.13M 71,224.52M 76,679.43M 53,247.68M 57,358.78M
Net income 32,709.35M 60,243.55M 63,592.58M 48,421.04M 54,122.46M
EBITDA -- -- -- -- --
Diluted EPS 3.31 5.89 6.21 4.73 5.19
Dividends Per Share 1.50 3 2 2 2.30
Total Assets 4,561.91B 5,427.38B 5,975.42B 6,333.67B 6,905.73B
Total liabilities 4,245.23B 5,011.22B 5,599.34B 5,906.56B 6,416.96B
Total equity 316,457.63M 408,057.12M 367,621.72M 426,819.66M 488,431.60M
Operating cash flow 4,011.59M -59,851.45M 239,153.63M 54,336.81M -162,374.69M
 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 19,184.53M 20,261.30M 20,376.10M 22,249.27M 22,756.91M
Gross Profit -- -- -- -- --
Operating income 1,906.60M 3,245.17M 2,216.10M 3,160.03M 3,009.01M
Income before tax 1,273.46M 2,350.39M 2,414.79M 1,651.04M 1,885.39M
Net income 1,102.02M 1,988.02M 2,002.65M 1,501.39M 1,779.01M
EBITDA -- -- -- -- --
Diluted EPS 0.11 0.19 0.19 0.14 0.17
Dividends Per Share 0.05 0.09 0.06 0.06 0.07
Total Assets 153,066.51M 171,741.75M 181,916.94M 196,520.93M 232,059.29M
Total liabilities 142,440.92M 158,572.94M 170,467.60M 183,268.72M 215,634.69M
Total equity 10,618.13M 12,912.38M 11,191.94M 13,243.34M 16,413.18M
Operating cash flow 135.15M -1,975.08M 7,531.43M 1,684.82M -5,337.28M

Valuation Measures

Dec 2017
PER9.76
ROA0.81%
ROE11.82%
Operating margin13.22%
Profit margin7.81%

Key executives

  • General Manager & Director: Yue Ting Han
  • Head-Finance & Deputy General Manager: Yan Sung Chen
  • Deputy General Manager: Li Peng Chang
  • Manager: Pao Lin Ma
  • Deputy General Manager: Chao Ju Chen

Shareholders

  • City of Taipei (Taiwan) (13.1%)
  • Ming Dong Co. Ltd. (8.4%)
  • Dao Ying Co. Ltd. (7.5%)
  • TSAI MING HSING RICHARD (3.1%)
  • Hung Fu Investment Co. Ltd. (2.5%)
  • The Vanguard Group, Inc. (2.3%)
  • TSAI MING CHUNG DANIEL (2.0%)
  • GIC Pte Ltd. (Investment Management) (1.4%)
  • BlackRock Fund Advisors (1.4%)
  • New Labor Pension Fund (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 Financial Holding Co. Ltd. /Custody/
  • 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 Futures Corp.
  • Fubon Financial Holding Venture Capital Co. Ltd.
  • Taipei Fubon Commercial Bank Co. Ltd.
  • First Sino Bank
  • Taipei Bank Co. Ltd.
  • Fubon Securities Co. Ltd.
  • Fubon Bank (Hong Kong) Ltd.
  • Fubon Insurance Co. Ltd.

Competitors

  • Yuanta Financial Holding Co. Ltd.
  • Yuanta Futures Co., Ltd.
  • Mercuries & Associates, Holding Ltd.
Last Updated on 17 Aug, 2018

You have {{numberReadArticles}} FREE ARTICLE{{numberReadArticles-plural}} left this month

Subscribe to get unlimited access to all articles.

Get unlimited access
NAR site on phone, device, tablet

You have {{numberReadArticles}} FREE ARTICLE{{numberReadArticles-plural}} left this month

Subscribe to get unlimited access to all articles.

3 months for $9

Get unlimited access
NAR site on phone, device, tablet

Your trial period has expired

You need a subscription to...

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers and subscribe

Your full access to the Nikkei Asian Review has expired

You need a subscription to:

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers
NAR on print phone, device, and tablet media