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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 2018 TWDUSD
Revenue733,113.18M24,311.92M
Gross Profit----
Operating income-53,466.97M-1,773.10M
Income before tax55,853.77M1,852.25M
Net income47,728.85M1,582.81M
EBITDA----
Diluted EPS4.510.14
Dividends Per Share20.06
Total Assets7,701.49B250,560.94M
Total liabilities7,232.66B235,308.12M
Total equity459,243.35M14,941.06M
Operating cash flow-12,826.59M-425.36M
Currency in TWDCurrency in USD

Historical Data

 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 613,982.68M 647,024.31M 717,556.92M 692,326.95M 733,113.18M
Gross Profit -- -- -- -- --
Operating income 98,339.16M 70,370.45M 101,913.60M 91,542.29M -53,466.97M
Income before tax 71,224.52M 76,679.43M 53,247.68M 57,358.78M 55,853.77M
Net income 60,243.55M 63,592.58M 48,421.04M 54,122.46M 47,728.85M
EBITDA -- -- -- -- --
Diluted EPS 5.89 6.21 4.73 5.19 4.51
Dividends Per Share 3 2 2 2.30 2
Total Assets 5,427.38B 5,975.42B 6,333.67B 6,905.73B 7,701.49B
Total liabilities 5,011.22B 5,599.34B 5,906.56B 6,416.96B 7,232.66B
Total equity 408,057.12M 367,621.72M 426,819.66M 488,431.60M 459,243.35M
Operating cash flow -59,851.45M 239,153.63M 54,336.81M -162,374.69M -12,826.59M
 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 20,261.30M 20,376.10M 22,249.27M 22,756.91M 24,311.92M
Gross Profit -- -- -- -- --
Operating income 3,245.17M 2,216.10M 3,160.03M 3,009.01M -1,773.10M
Income before tax 2,350.39M 2,414.79M 1,651.04M 1,885.39M 1,852.25M
Net income 1,988.02M 2,002.65M 1,501.39M 1,779.01M 1,582.81M
EBITDA -- -- -- -- --
Diluted EPS 0.19 0.19 0.14 0.17 0.14
Dividends Per Share 0.09 0.06 0.06 0.07 0.06
Total Assets 171,741.75M 181,916.94M 196,520.93M 232,059.29M 250,560.94M
Total liabilities 158,572.94M 170,467.60M 183,268.72M 215,634.69M 235,308.12M
Total equity 12,912.38M 11,191.94M 13,243.34M 16,413.18M 14,941.06M
Operating cash flow -1,975.08M 7,531.43M 1,684.82M -5,337.28M -425.36M

Valuation Measures

Dec 2018
PER10.40
ROA0.65%
ROE10.07%
Operating margin-7.29%
Profit margin6.51%

Key executives

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

Shareholders

  • City of Taipei (Taiwan) (13.1%)
  • Ming Dong Co. Ltd. (8.4%)
  • Dao Ying Co. Ltd. (7.7%)
  • TSAI MING HSING RICHARD (3.1%)
  • The Vanguard Group, Inc. (2.5%)
  • TSAI MING CHUNG (2.0%)
  • BlackRock Fund Advisors (1.3%)
  • Dimensional Fund Advisors LP (1.3%)
  • Norges Bank Investment Management (1.2%)
  • Yuanta Securities Investment Trust Co., Ltd. (0.6%)

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 Holding 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

  • Yuanta Financial Holding Co. Ltd.
  • Yuanta Futures Co., Ltd.
Last Updated on 20 Jan, 2020

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