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Finance

Mega Financial Holding Co., Ltd.

Company Background

Government-controlled Mega Financial Holding was founded in 2002 after the merger of International Commercial Bank of China and Bank of Communications, two of Taiwan's longest-standing financial institutions. The Taiwanese government was at the time encouraging local financial institutions to incorporate their various services into holding companies to scale up their operations and become more efficient and competitive.

 

To this day, Mega still plays an important role in Taiwan's financial market. It is a key foreign currency supplier and a major currency trader for Taiwan's central bank. It relies on banking for most of its profits. Like other Taiwanese financial services companies, Mega has been expanding across the region.

 

Mega Chairman Mckinney Tsai holds a master's degree from the department of public finance at Taiwan's prestigious National Chengchi University. Previously he was the executive vice president of Bank of Communications, and he also served in various roles in the public sector. He once served as deputy director general of the bureau of monetary affairs under the Ministry of Finance.

Business Summary

Mega Financial Holding Co., Ltd. engages in the management of investment business. It operates through the following business segments: Commercial Banking, Consumer Finance & Wealth Management, Investment & Various Agency, and Others. The Commercial Banking segment includes guarantee, import & export foreign exchange, domestic foreign currency exchange, international financial, short-term coupon, safe deposit box, and centrally registered entityless bond business; deposits, loans, foreign exchange transactions, ATM Business & electronic banking, and online banking. The Consumer Finance & Wealth Management segment includes credit cards, consumer loans, study loans, home purchase & repair loans, expert financial loans, specific money trust investment in domestic and foreign securities, and trust business. The Investment & Various Agency segment includes direct equity investment, and securities underwriting business; sales of gold and silver coins; agency of securities issuance, and agency of dividends. The company was founded on February 4, 2002 and is headquartered in Taipei, Taiwan.

Financial Highlights

Dec 2021 TWDUSD
Revenue73,302.26M2,624.32M
Gross Profit----
Operating income28,618.46M1,024.58M
Income before tax28,531.39M1,021.46M
Net income25,731.07M921.20M
EBITDA----
Diluted EPS1.840.06
Dividends Per Share1.360.04
Total Assets4,168.26B150,658.36M
Total liabilities3,839.86B138,788.67M
Total equity328,398.88M11,869.69M
Operating cash flow24,170.37M865.33M
Currency in TWDCurrency in USD

Historical Data

 Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 83,337.96M 95,249.43M 103,397.62M 82,240.13M 73,302.26M
Gross Profit -- -- -- -- --
Operating income 30,130.49M 30,776.96M 33,636.93M 29,151.57M 28,618.46M
Income before tax 29,068.71M 30,779.80M 33,612.91M 29,350.27M 28,531.39M
Net income 25,734.51M 28,109.16M 28,956.24M 25,017.96M 25,731.07M
EBITDA -- -- -- -- --
Diluted EPS 1.84 2.01 2.07 1.79 1.84
Dividends Per Share 1.46 1.65 1.65 1.54 1.36
Total Assets 3,547.29B 3,542.05B 3,683.54B 3,856.37B 4,168.26B
Total liabilities 3,249.19B 3,227.80B 3,359.48B 3,529.78B 3,839.86B
Total equity 298,054.13M 314,242.28M 324,061.24M 326,588.96M 328,398.88M
Operating cash flow 29,163.39M 28,057.85M 23,695.35M -513,776.69M 24,170.37M
 Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 2,739.33M 3,158.71M 3,344.82M 2,793.05M 2,624.32M
Gross Profit -- -- -- -- --
Operating income 990.39M 1,020.64M 1,088.12M 990.05M 1,024.58M
Income before tax 955.49M 1,020.73M 1,087.34M 996.79M 1,021.46M
Net income 845.89M 932.17M 936.71M 849.66M 921.20M
EBITDA -- -- -- -- --
Diluted EPS 0.06 0.06 0.06 0.06 0.06
Dividends Per Share 0.04 0.05 0.05 0.05 0.04
Total Assets 119,202.67M 115,237.64M 122,879.13M 137,247.36M 150,658.36M
Total liabilities 109,185.51M 105,013.63M 112,068.80M 125,624.15M 138,788.67M
Total equity 10,015.76M 10,223.58M 10,810.32M 11,623.20M 11,869.69M
Operating cash flow 958.60M 930.47M 766.52M -17,448.97M 865.33M

Valuation Measures

Dec 2021
PER18.78
ROA0.64%
ROE7.85%
Operating margin39.04%
Profit margin35.10%

Key executives

  • General Manager & Director: Kuang Hua Hu
  • Deputy Spokesman, Head-Finance & Accounting: Ching I Li
  • Chief Compliance Officer & Deputy General Manager: Hui-Lin Wu
  • Manager-Investor Relations: Chih Wei Lin

Shareholders

  • Government of Taiwan (14.4%)
  • National Development Fund of The Executive Yuan (6.1%)
  • Cathay Life Insurance Co., Ltd. (Invt Port) (2.8%)
  • Fubon Life Insurance Co., Ltd. (2.6%)
  • The Vanguard Group, Inc. (2.5%)
  • Taiwan Life Insurance Co., Ltd. (Investment Portfolio) (2.0%)
  • China Life Insurance Co., Ltd. (Invt Port) (2.0%)
  • BlackRock Fund Advisors (1.9%)
  • Labor Pension Fund Supervisory Committee (1.6%)
  • Norges Bank Investment Management (1.2%)

Contact Details

  • Website:http://www.megaholdings.com.tw
  • Address: 14-17/F & 20-21/F, 123, Section 2, Zhongxiao East Road, Taipei, 100 58, Taiwan
  • Phone: +886.2.2357.8888

Related Companies

  • Cathay Finance Intternational Ltd.
  • Mega No 1 Venture Capital Corp.
  • Mega Bills Finance Co., Ltd.
  • Mega Asset Management Co., Ltd.
  • Mega Financial Futures Corp.
  • Mega Financial Securities Co. Ltd.
  • Mega Management Consulting Corp.
  • Mega Bills Finance Corp.
  • Mega International Commercial Bank Co., Ltd.
  • Mega Securities Co., Ltd.
  • Mega Venture Capital Corp.
  • Cathay Investment & Development Corp.
  • Kuang Hua International Commercial Bank
  • Cathay Insurance Co., Inc.
  • Chung Kuo Insurance Co., Ltd.
  • Mega International Investment Trust Co., Ltd.

Competitors

  • Kasikornbank Public Co. Ltd.
  • CIMB Thai Bank Public Co. Ltd.
Last Updated on 4 Oct, 2022

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