China Bills Finance Corporation (TPE:2820)

China Bills Finance Statistics

Total Valuation

TPE:2820 has a market cap or net worth of TWD 23.03 billion.

Market Cap	23.03B
Enterprise Value	n/a

Important Dates

The next estimated earnings date is Thursday, August 13, 2026.

Earnings Date	Aug 13, 2026
Ex-Dividend Date	Jun 30, 2025

Share Statistics

TPE:2820 has 1.34 billion shares outstanding. The number of shares has decreased by -0.34% in one year.

Current Share Class	1.34B
Shares Outstanding	1.34B
Shares Change (YoY)	-0.34%
Shares Change (QoQ)	-1.03%
Owned by Insiders (%)	n/a
Owned by Institutions (%)	21.23%
Float	870.14M

Valuation Ratios

The trailing PE ratio is 11.32.

PE Ratio	11.32
Forward PE	n/a
PS Ratio	7.12
PB Ratio	0.83
P/TBV Ratio	0.83
P/FCF Ratio	n/a
P/OCF Ratio	n/a
PEG Ratio	n/a

Enterprise Valuation

EV / Earnings	n/a
EV / Sales	n/a
EV / EBITDA	n/a
EV / EBIT	n/a
EV / FCF	n/a

Financial Position

The company has a current ratio of 0.71, with a Debt / Equity ratio of 8.34.

Current Ratio	0.71
Quick Ratio	0.71
Debt / Equity	8.34
Debt / EBITDA	n/a
Debt / FCF	-38.34
Interest Coverage	n/a

Financial Efficiency

Return on equity (ROE) is 7.58% and return on invested capital (ROIC) is 0.78%.

Return on Equity (ROE)	7.58%
Return on Assets (ROA)	0.79%
Return on Invested Capital (ROIC)	0.78%
Return on Capital Employed (ROCE)	n/a
Weighted Average Cost of Capital (WACC)	0.45%
Revenue Per Employee	19.49M
Profits Per Employee	12.29M
Employee Count	166
Asset Turnover	0.01
Inventory Turnover	n/a

Taxes

In the past 12 months, TPE:2820 has paid 522.08 million in taxes.

Income Tax	522.08M
Effective Tax Rate	20.38%

Stock Price Statistics

The stock price has increased by +12.09% in the last 52 weeks. The beta is 0.14, so TPE:2820's price volatility has been lower than the market average.

Beta (5Y)	0.14
52-Week Price Change	+12.09%
50-Day Moving Average	16.90
200-Day Moving Average	16.67
Relative Strength Index (RSI)	62.80
Average Volume (20 Days)	1,739,610

Short Selling Information

Short Interest	n/a
Short Previous Month	n/a
Short % of Shares Out	n/a
Short % of Float	n/a
Short Ratio (days to cover)	n/a

Income Statement

In the last 12 months, TPE:2820 had revenue of TWD 3.24 billion and earned 2.04 billion in profits. Earnings per share was 1.52.

Revenue	3.24B
Gross Profit	3.24B
Operating Income	2.56B
Pretax Income	2.56B
Net Income	2.04B
EBITDA	n/a
EBIT	n/a
Earnings Per Share (EPS)	1.52

Balance Sheet

The company has 162.30 billion in cash and 232.58 billion in debt, with a net cash position of -70.27 billion or -52.33 per share.

Cash & Cash Equivalents	162.30B
Total Debt	232.58B
Net Cash	-70.27B
Net Cash Per Share	-52.33
Equity (Book Value)	27.88B
Book Value Per Share	20.91
Working Capital	-68.48B

Cash Flow

In the last 12 months, operating cash flow was -6.06 billion and capital expenditures -7.24 million, giving a free cash flow of -6.07 billion.

Operating Cash Flow	-6.06B
Capital Expenditures	-7.24M
Depreciation & Amortization	23.36M
Net Borrowing	8.84B
Free Cash Flow	-6.07B
FCF Per Share	-4.52

Margins

Gross margin is 100.00%, with operating and profit margins of 79.26% and 63.03%.

Gross Margin	100.00%
Operating Margin	79.26%
Pretax Margin	79.16%
Profit Margin	63.03%
EBITDA Margin	n/a
EBIT Margin	n/a
FCF Margin	n/a

Dividends & Yields

This stock pays an annual dividend of 0.90, which amounts to a dividend yield of 5.25%.

Dividend Per Share	0.90
Dividend Yield	5.25%
Dividend Growth (YoY)	6.85%
Years of Dividend Growth	2
Payout Ratio	51.36%
Buyback Yield	0.34%
Shareholder Yield	5.59%
Earnings Yield	8.85%
FCF Yield	-26.34%

Fair Value

There are several formulas that can be used to estimate the intrinsic value of a stock.

Lynch Fair Value
Lynch Upside
Graham Number
Graham Upside

Stock Splits

The last stock split was on March 18, 2010. It was a reverse split with a ratio of 0.8.

Last Split Date	Mar 18, 2010
Split Type	Reverse
Split Ratio	0.8

Scores

Altman Z-Score	n/a
Piotroski F-Score	3