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Jih Sun Financial Holding

GTSM:5820
Snowflake Description

Poor track record with worrying balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
5820
GTSM
NT$33B
Market Cap
  1. Home
  2. TW
  3. Diversified Financials
Company description

Jih Sun Financial Holding Co., Ltd., together with its subsidiaries, engages in securities brokerage, trading, underwriting, and margin purchases and short sales activities in Taiwan. The last earnings update was 18 days ago. More info.


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5820 Share Price and Events
7 Day Returns
0.9%
GTSM:5820
0.1%
TW Capital Markets
2%
TW Market
1 Year Returns
-2.4%
GTSM:5820
-5.6%
TW Capital Markets
-10.1%
TW Market
5820 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Jih Sun Financial Holding (5820) 0.9% -10.5% -9.5% -2.4% 30.3% 22.3%
TW Capital Markets 0.1% -9% -11.9% -5.6% 8.2% 6.6%
TW Market 2% -13.5% -17.4% -10.1% -2.7% 0.4%
1 Year Return vs Industry and Market
  • 5820 outperformed the Capital Markets industry which returned -5.6% over the past year.
  • 5820 outperformed the Market in Taiwan, Province of China which returned -10.1% over the past year.
Price Volatility
5820
Industry
5yr Volatility vs Market

5820 Value

 Is Jih Sun Financial Holding undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Jih Sun Financial Holding to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Jih Sun Financial Holding.

GTSM:5820 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= NT$11.96 * 5.3%
NT$0.63
Book Value of Equity per Share Median Book Value from the past 5 years. NT$11.96
Discount Rate (Cost of Equity) See below 7.7%
Perpetual Growth Rate 10-Year TW Government Bond Rate 0.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for GTSM:5820
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year TW Govt Bond Rate 0.7%
Equity Risk Premium S&P Global 6.2%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.75
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.749 (1 + (1- 20%) (143.91%))
1.124
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.12
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.71% + (1.124 * 6.21%)
7.69%

Discounted Cash Flow Calculation for GTSM:5820 using Excess Returns Model Model

The calculations below outline how an intrinsic value for Jih Sun Financial Holding is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

GTSM:5820 Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (5.3% – 7.69%) * NT$11.96)
NT$-0.29
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= NT$-0.29 / (7.69% - 0.71%)
NT$-4.09
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= NT$11.96 + NT$-4.09
NT$7.87
GTSM:5820 Discount to Share Price
Calculation Result
Value per share (TWD) From above. NT$7.87
Current discount Discount to share price of NT$8.90
= -1 x (NT$8.90 - NT$7.87) / NT$7.87
-13.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Jih Sun Financial Holding is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Jih Sun Financial Holding's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Jih Sun Financial Holding's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
GTSM:5820 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in TWD NT$0.62
GTSM:5820 Share Price ** GTSM (2020-04-07) in TWD NT$8.9
Taiwan, Province of China Capital Markets Industry PE Ratio Median Figure of 14 Publicly-Listed Capital Markets Companies 13.56x
Taiwan, Province of China Market PE Ratio Median Figure of 1,475 Publicly-Listed Companies 14.11x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Jih Sun Financial Holding.

GTSM:5820 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= GTSM:5820 Share Price ÷ EPS (both in TWD)

= 8.9 ÷ 0.62

14.4x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Jih Sun Financial Holding is overvalued based on earnings compared to the TW Capital Markets industry average.
  • Jih Sun Financial Holding is overvalued based on earnings compared to the Taiwan, Province of China market.
Price based on expected Growth
Does Jih Sun Financial Holding's expected growth come at a high price?
Raw Data
GTSM:5820 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 14.4x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Asia Capital Markets Industry PEG Ratio Median Figure of 61 Publicly-Listed Capital Markets Companies 1.52x
Taiwan, Province of China Market PEG Ratio Median Figure of 183 Publicly-Listed Companies 1.08x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Jih Sun Financial Holding, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Jih Sun Financial Holding's assets?
Raw Data
GTSM:5820 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in TWD NT$12.29
GTSM:5820 Share Price * GTSM (2020-04-07) in TWD NT$8.9
Taiwan, Province of China Capital Markets Industry PB Ratio Median Figure of 15 Publicly-Listed Capital Markets Companies 0.72x
Taiwan, Province of China Market PB Ratio Median Figure of 1,961 Publicly-Listed Companies 1.17x
GTSM:5820 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= GTSM:5820 Share Price ÷ Book Value per Share (both in TWD)

= 8.9 ÷ 12.29

0.72x

* Primary Listing of Jih Sun Financial Holding.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Jih Sun Financial Holding is overvalued based on assets compared to the TW Capital Markets industry average.
X
Value checks
We assess Jih Sun Financial Holding's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Capital Markets industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Capital Markets industry average (and greater than 0)? (1 check)
  5. Jih Sun Financial Holding has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

5820 Future Performance

 How is Jih Sun Financial Holding expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Jih Sun Financial Holding has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
12.5%
Expected Capital Markets industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Jih Sun Financial Holding expected to grow at an attractive rate?
  • Unable to compare Jih Sun Financial Holding's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Jih Sun Financial Holding's earnings growth to the Taiwan, Province of China market average as no estimate data is available.
  • Unable to compare Jih Sun Financial Holding's revenue growth to the Taiwan, Province of China market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
GTSM:5820 Future Growth Rates Data Sources
Data Point Source Value (per year)
Asia Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 12.5%
Asia Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 7%
Taiwan, Province of China Market Earnings Growth Rate Market Cap Weighted Average 11.1%
Taiwan, Province of China Market Revenue Growth Rate Market Cap Weighted Average 6.6%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
GTSM:5820 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in TWD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
GTSM:5820 Past Financials Data
Date (Data in TWD Millions) Revenue Cash Flow Net Income *
2019-12-31 8,489 -13,962 2,273
2019-09-30 8,349 -4,797 2,309
2019-06-30 8,154 -3,637 2,137
2019-03-31 8,548 -13,078 2,432
2018-12-31 8,611 -3,206 2,510
2018-09-30 8,790 -13,810 2,634
2018-06-30 8,907 -13,351 2,747
2018-03-31 8,407 -6,460 2,465
2017-12-31 8,192 -8,210 2,333
2017-09-30 7,697 597 2,159
2017-06-30 7,154 -8,044 1,802
2017-03-31 6,821 -13,681 1,499

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Jih Sun Financial Holding is high growth as no earnings estimate data is available.
  • Unable to determine if Jih Sun Financial Holding is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
GTSM:5820 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Jih Sun Financial Holding Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

GTSM:5820 Past Financials Data
Date (Data in TWD Millions) EPS *
2019-12-31 0.62
2019-09-30 0.63
2019-06-30 0.59
2019-03-31 0.67
2018-12-31 0.69
2018-09-30 0.73
2018-06-30 0.76
2018-03-31 0.68
2017-12-31 0.64
2017-09-30 0.59
2017-06-30 0.49
2017-03-31 0.40

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Jih Sun Financial Holding will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Jih Sun Financial Holding's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Diversified Financials companies here
  2. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Jih Sun Financial Holding's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Asia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Asia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Jih Sun Financial Holding has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

5820 Past Performance

  How has Jih Sun Financial Holding performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Jih Sun Financial Holding's growth in the last year to its industry (Capital Markets).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Jih Sun Financial Holding's year on year earnings growth rate has been positive over the past 5 years.
  • Jih Sun Financial Holding's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Jih Sun Financial Holding's 1-year earnings growth is negative, it can't be compared to the TW Capital Markets industry average.
Earnings and Revenue History
Jih Sun Financial Holding's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Jih Sun Financial Holding Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

GTSM:5820 Past Revenue, Cash Flow and Net Income Data
Date (Data in TWD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 8,488.98 2,273.31 5,618.31
2019-09-30 8,349.42 2,309.19 5,463.61
2019-06-30 8,153.89 2,137.05 5,429.21
2019-03-31 8,547.56 2,431.78 5,518.40
2018-12-31 8,611.08 2,509.77 5,467.32
2018-09-30 8,789.76 2,633.85 5,502.15
2018-06-30 8,907.12 2,747.00 5,501.15
2018-03-31 8,406.84 2,465.18 5,291.00
2017-12-31 8,192.02 2,333.10 5,246.76
2017-09-30 7,697.01 2,159.35 4,970.24
2017-06-30 7,154.17 1,801.54 4,822.57
2017-03-31 6,820.89 1,499.00 5,004.77
2016-12-31 6,752.32 1,415.09 4,716.89
2016-09-30 7,034.32 1,516.03 4,899.80
2016-06-30 7,128.15 1,557.82 4,868.46
2016-03-31 7,418.38 1,747.47 4,724.34
2015-12-31 7,683.42 1,986.59 4,997.62
2015-09-30 7,750.56 1,970.47 5,015.21
2015-06-30 7,749.64 1,905.47 5,095.44
2015-03-31 8,171.48 2,330.67 5,089.62
2014-12-31 8,218.86 2,443.09 5,095.81
2014-09-30 8,469.67 2,747.74 4,833.74
2014-06-30 8,163.17 2,591.51 5,466.16
2014-03-31 7,601.67 2,138.70 4,878.39
2013-12-31 7,533.59 2,081.12 4,957.42
2013-09-30 6,947.29 1,600.20 5,236.35
2013-06-30 7,096.62 1,752.14 4,629.47

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Jih Sun Financial Holding has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Jih Sun Financial Holding used its assets less efficiently than the TW Capital Markets industry average last year based on Return on Assets.
  • Unable to establish if Jih Sun Financial Holding improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Jih Sun Financial Holding's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Capital Markets industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Jih Sun Financial Holding has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

5820 Health

 How is Jih Sun Financial Holding's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Jih Sun Financial Holding's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Jih Sun Financial Holding's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Jih Sun Financial Holding's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Jih Sun Financial Holding's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 2.6x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Jih Sun Financial Holding Company Filings, last reported 3 months ago.

GTSM:5820 Past Debt and Equity Data
Date (Data in TWD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 45,639.17 46,943.45 92,619.49
2019-09-30 45,258.39 53,558.82 92,294.74
2019-06-30 44,575.77 58,665.76 91,770.71
2019-03-31 45,378.37 54,744.61 83,148.48
2018-12-31 44,232.35 54,643.65 80,968.79
2018-09-30 43,946.67 57,212.23 7,927.90
2018-06-30 43,304.15 54,552.58 8,151.02
2018-03-31 43,563.02 36,258.67 9,031.29
2017-12-31 39,090.63 42,279.22 66,476.70
2017-09-30 38,658.14 49,921.53 65,573.50
2017-06-30 38,339.10 40,581.50 65,234.77
2017-03-31 37,814.78 43,575.48 64,096.34
2016-12-31 37,504.29 43,567.43 65,370.25
2016-09-30 38,210.35 36,303.50 66,359.71
2016-06-30 37,930.70 33,730.92 72,730.54
2016-03-31 37,885.17 28,711.78 79,358.99
2015-12-31 37,450.13 29,992.40 74,683.38
2015-09-30 37,051.05 30,676.06 83,237.51
2015-06-30 36,408.24 29,858.61 72,166.03
2015-03-31 36,435.27 27,776.79 66,256.15
2014-12-31 35,882.46 23,807.76 62,515.90
2014-09-30 35,410.74 23,664.11 63,127.77
2014-06-30 34,914.19 24,251.58 59,942.74
2014-03-31 34,375.13 23,018.43 55,698.16
2013-12-31 33,664.66 21,326.88 52,031.94
2013-09-30 33,090.70 19,613.50 55,907.10
2013-06-30 32,795.77 23,471.04 62,339.88
  • Jih Sun Financial Holding's level of debt (102.9%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (66.5% vs 102.9% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Unable to confirm if the interest payments on Jih Sun Financial Holding's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess Jih Sun Financial Holding's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Jih Sun Financial Holding has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

5820 Dividends

 What is Jih Sun Financial Holding's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
6.6%
Current annual income from Jih Sun Financial Holding dividends.
If you bought NT$2,000 of Jih Sun Financial Holding shares you are expected to receive NT$132 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Jih Sun Financial Holding's pays a higher dividend yield than the bottom 25% of dividend payers in Taiwan, Province of China (3.22%).
  • Jih Sun Financial Holding's dividend is below the markets top 25% of dividend payers in Taiwan, Province of China (6.88%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
GTSM:5820 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Taiwan, Province of China Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 13 Stocks 5.6%
Taiwan, Province of China Market Average Dividend Yield Market Cap Weighted Average of 1329 Stocks 4.5%
Taiwan, Province of China Minimum Threshold Dividend Yield 10th Percentile 1.8%
Taiwan, Province of China Bottom 25% Dividend Yield 25th Percentile 3.2%
Taiwan, Province of China Top 25% Dividend Yield 75th Percentile 6.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

GTSM:5820 Past Annualized Dividends Data
Date (Data in NT$) Dividend per share (annual) Avg. Yield (%)
2019-04-25 0.588 5.994
2018-04-26 0.492 5.517
2017-03-24 0.075 1.032
2016-05-27 0.101 1.564
2016-03-29 0.101 1.579
2015-05-27 0.121 1.800
2015-04-20 0.121 1.562
2014-03-27 0.075 1.052
2014-01-15 0.075 1.035

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Jih Sun Financial Holding has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Jih Sun Financial Holding only paid a dividend in the past 6 years.
Current Payout to shareholders
What portion of Jih Sun Financial Holding's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (1.1x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Jih Sun Financial Holding's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Jih Sun Financial Holding afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Jih Sun Financial Holding has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

5820 Management

 What is the CEO of Jih Sun Financial Holding's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Mike Wang
COMPENSATION NT$4,798,966
CEO Bio

Mr. Chih-Fang Wang, also known as Mike, serves as the Chief Financial Officer at Jih Sun Financial Holding Co., Ltd. and serves as its President and General Manager. Mr. Wang has been the President and General Manager at Jih Sun International Bank, Ltd. He was the Chief Executive Officer and President of Jih Sun Financial Holding Company Ltd. since March 1, 2012 and September 01, 2010 and was also its General Manager since February 1, 2012. Mr. Wang was a General Manager of Jih Sun International Commercial Bank since September 1, 2010 and served as President of Jih Sun International Commercial Bank. Mr. Wang served as a Senior Vice President at Jih Sun Financial Holdings Co. Ltd. Mr. Wang served as Chief Financial Officer of Jih Sun Financial Holdings Co. Ltd., Vice President of Jih Sun Securities and Vice President of Jih Sun Financial Holdings Co. Ltd. Mr. Wang served as a Vice President of Jih Sun Financial Holdings Co Ltd., since November 21, 2002. Mr. Wang served as a Director of Jih Sun Financial Holdings Co. Ltd. Mr. Wang holds an MA from Institute of Finance and Economics National Taiwan University, EMBA from Department of Finance National Taiwan University and also attended from Soochow University.

CEO Compensation
  • Insufficient data for Mike to compare compensation growth.
  • Insufficient data for Mike to establish whether their remuneration is reasonable compared to companies of similar size in Taiwan, Province of China.
Management Team Tenure

Average tenure of the Jih Sun Financial Holding management team in years:

5.4
Average Tenure
  • The average tenure for the Jih Sun Financial Holding management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Mike Wang

TITLE
President
COMPENSATION
NT$5M

Hui-Zhen Wang

TITLE
Accounting Supervisor

Che-Li Lin

TITLE
Head of Legal Department & Vice President

Hsueh-Ti Chung

TITLE
Senior Vice President of IT Division
TENURE
12.9 yrs

Wen-Ke Wu

TITLE
Executive Vice President
TENURE
9.3 yrs

Bao-Hsiu Su

TITLE
Chief Auditor

Chin-Ming Huang

TITLE
Senior Executive Vice President
TENURE
5.4 yrs

Shu-Jaw Yang

TITLE
Chief Executive Officer of Corporate Financial Services Group

Chia Ching Lin

TITLE
Company Secretary
TENURE
0.8 yrs

Yang Mei Hui

TITLE
Company Secretary
TENURE
0.8 yrs
Board of Directors Tenure

Average tenure of the Jih Sun Financial Holding board of directors in years:

7.9
Average Tenure
  • The tenure for the Jih Sun Financial Holding board of directors is about average.
Board of Directors

Ching Tang Huang

TITLE
Chairman of the Board
TENURE
9 yrs

Chih-Poung Liou

TITLE
Independent Director
TENURE
1.8 yrs

James Tang

TITLE
Director
COMPENSATION
NT$205K
TENURE
13.8 yrs

Chih-Kuang Yang

TITLE
Representative Director
TENURE
11 yrs

Chunmei Ozaki Huang

TITLE
Representative Director
TENURE
7.7 yrs

Charlie Tang

TITLE
Independent Director
AGE
57
TENURE
0.8 yrs

Huang Flynn Xuxian

TITLE
Representative Director
TENURE
8.1 yrs

Masaaki Sakamoto

TITLE
Representative Director
TENURE
4.1 yrs

Chi Wai Tse

TITLE
Representative Director
AGE
51
TENURE
9.3 yrs

Hiroshi Nakagawa

TITLE
Director
TENURE
2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (NT$) Value (NT$)
X
Management checks
We assess Jih Sun Financial Holding's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Jih Sun Financial Holding has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

5820 News

Simply Wall St News

5820 Company Info

Description

Jih Sun Financial Holding Co., Ltd., together with its subsidiaries, engages in securities brokerage, trading, underwriting, and margin purchases and short sales activities in Taiwan. The company also provides stock transaction agency and futures trading services, as well as auxiliary services for futures trading and stock warrant issuance. In addition, it offers general deposits, loans and discounts, government bond investment and collection, stocks, short term securities, financial bonds, and others, as well as engages in fund trust transaction and employee investment trust activities. Further, the company operates as a property and life insurance agent; and offers venture capital. Additionally, it is involved in the securities research and analysis, corporate and individual financial planning, financing, and fund and asset management activities, as well as sale of mutual funds and other financial products. The company also provides consulting services in the areas of investments, business information, marketing planning, business management, economic information, securities investment, and software and grid technologies. Jih Sun Financial Holding Co., Ltd. was founded in 1990 and is headquartered in Taipei City, Taiwan.

Details
Name: Jih Sun Financial Holding Co., Ltd.
5820
Exchange: GTSM
Founded: 1990
NT$33,035,195,694
3,711,819,741
Website: http://www.jsun.com
Address: Jih Sun Financial Holding Co., Ltd.
No. 85 and 87, Nanjing East Road,
10th Floor,
Taipei City,
Taiwan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
GTSM 5820 Common Stock Taipei Exchange TW TWD 05. Feb 2002
Number of employees
Current staff
Staff numbers
3,309
Jih Sun Financial Holding employees.
Industry
Investment Banking and Brokerage
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/07 16:08
End of day share price update: 2020/04/07 00:00
Last earnings filing: 2020/03/20
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.