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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 2019 TWDUSD
Revenue103,397.62M3,344.82M
Gross Profit----
Operating income33,636.93M1,088.12M
Income before tax33,612.91M1,087.34M
Net income28,956.24M936.71M
EBITDA----
Diluted EPS2.120.06
Dividends Per Share1.700.05
Total Assets3,683.54B122,879.13M
Total liabilities3,359.48B112,068.80M
Total equity324,061.24M10,810.32M
Operating cash flow23,695.35M766.52M
Currency in TWDCurrency in USD

Historical Data

 Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019
Revenue 82,291.70M 80,502.51M 83,337.96M 95,249.43M 103,397.62M
Gross Profit -- -- -- -- --
Operating income 34,830.93M 33,849.35M 30,130.49M 30,776.96M 33,636.93M
Income before tax 34,864.01M 27,688.11M 29,068.71M 30,779.80M 33,612.91M
Net income 29,417.21M 22,456.18M 25,734.51M 28,109.16M 28,956.24M
EBITDA -- -- -- -- --
Diluted EPS 2.35 1.65 1.89 2.06 2.12
Dividends Per Share 1.50 1.42 1.50 1.70 1.70
Total Assets 3,398.51B 3,319.79B 3,547.29B 3,542.05B 3,683.54B
Total liabilities 3,105.06B 3,027.76B 3,249.19B 3,227.80B 3,359.48B
Total equity 293,404.07M 291,985.35M 298,054.13M 314,242.28M 324,061.24M
Operating cash flow 59,949.46M 106,705.44M 29,163.39M 28,057.85M 23,695.35M
 Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019
Revenue 2,591.53M 2,496.13M 2,739.33M 3,158.71M 3,344.82M
Gross Profit -- -- -- -- --
Operating income 1,096.89M 1,049.56M 990.39M 1,020.64M 1,088.12M
Income before tax 1,097.93M 858.52M 955.49M 1,020.73M 1,087.34M
Net income 926.40M 696.29M 845.89M 932.17M 936.71M
EBITDA -- -- -- -- --
Diluted EPS 0.07 0.05 0.06 0.06 0.06
Dividends Per Share 0.04 0.04 0.04 0.05 0.05
Total Assets 103,465.10M 103,006.34M 119,202.67M 115,237.64M 122,879.13M
Total liabilities 94,531.09M 93,945.32M 109,185.51M 105,013.63M 112,068.80M
Total equity 8,932.44M 9,059.70M 10,015.76M 10,223.58M 10,810.32M
Operating cash flow 1,887.92M 3,308.61M 958.60M 930.47M 766.52M

Valuation Measures

Dec 2019
PER14.37
ROA0.80%
ROE9.07%
Operating margin32.53%
Profit margin28.00%

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%)
  • The Vanguard Group, Inc. (2.8%)
  • Fubon Life Insurance Co., Ltd. (2.8%)
  • Shin Kong Life Insurance Co., Ltd. (1.9%)
  • BlackRock Fund Advisors (1.8%)
  • Labor Pension New Fund (1.7%)
  • Labor Pension Fund Supervisory Committee (1.5%)
  • China Life Insurance Co., Ltd. (Invt Port) (1.4%)
  • 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.
  • Taiwan 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.
Last Updated on 20 Oct, 2020

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