SinoPac Financial Holdings Company Limited (2890.TW) stock analysis

In our weekly check, SinoPac Financial Holdings Company Limited is graded C (A to F). Of 25 checks on debt, profit, cash flow and trend: 14 pass, warnings: 4, red flags: 7.

About SinoPac Financial Holdings Company Limited

SinoPac Financial Holdings Company Limited is a Financial Services company (Banks - Regional) based in Taiwan, listed on TAI as 2890.TW.

What our checks show for 2890.TW

Red flags

• The gross margin fell by 14 points, to 69.2%: costs are rising faster than prices.
• Operating cash flow is only 0.08x net profit: part of the reported profit does not arrive as cash.
• The stock has fallen as much as 70% from a peak. Would you have held through that?
• Recovering from its deepest fall took about 9.9 years.
• Return on capital (ROCE) is only 1.3%.

Warning signs

• Analysts expect the net margin to shrink by 2 points from today's 40.2%.
• Free cash flow is only 1.2% of revenue.
• Free cash flow covers the dividend only 0.1 times.
• The share count grew by 10.1% in 2 years: each shareholder owns a smaller slice.

Strengths

• The net margin rose by 10.1 points over 5 years, to 40.2%.
• Earnings per share grew 26% a year over the last 3 years.
• Net profit grew 34.1% a year over the last 3 years.
• The company keeps 40.2% of its revenue as net profit.
• A large company: market value $21.19 billion.
• Beta 0.37: the stock usually moves less than the market.

Next earnings report: 2026-11-12

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Questions

What grade does SinoPac Financial Holdings Company Limited (2890.TW) have?

In our weekly check, SinoPac Financial Holdings Company Limited is graded C (A to F). Of 25 checks on debt, profit, cash flow and trend: 14 pass, warnings: 4, red flags: 7. The grade is a risk check, not a buy or sell recommendation.

What are the main risks of 2890.TW stock?

This week's biggest flags for SinoPac Financial Holdings Company Limited: Gross margin falling, Profits not backed by cash, Deep past fall. In total 11 of 25 checks show a warning or a red flag.

What does SinoPac Financial Holdings Company Limited do?

SinoPac Financial Holdings Company Limited is a Financial Services company (Banks - Regional) based in Taiwan, listed on TAI as 2890.TW.

When does SinoPac Financial Holdings Company Limited report earnings next?

The next earnings report is expected on 2026-11-12. We re-run the checks every week, so the grade can change after it.

The grade is a risk check, not a price forecast, and not investment advice. In our 10-year test (S&P 500, 2016-2026), stocks we graded A or B fell more than 30% 2-3 times less often than D or F, without a lower average return.

Updated 2026-10-24

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