First Financial Holding Co., Ltd. (2892.TW) stock analysis

In our weekly check, First Financial Holding Co., Ltd. is graded C (A to F). Of 25 checks on debt, profit, cash flow and trend: 14 pass, warnings: 0, red flags: 11.

About First Financial Holding Co., Ltd.

First Financial Holding Co., Ltd. is a Financial Services company (Banks - Regional) based in Taiwan, listed on TAI as 2892.TW.

What our checks show for 2892.TW

Red flags

• The net margin fell by 6 points over 5 years, to 21.3%: the company keeps less of each sale as profit.
• The gross margin fell by 27 points, to 58.8%: costs are rising faster than prices.
• Operating cash flow is negative while the company reports a profit: the profit does not arrive as cash.
• Analysts expect revenue to shrink about 17.4% a year.
• Free cash flow is negative (-38.5% of revenue): the business spends more cash than it brings in.
• The stock has fallen as much as 68% from a peak. Would you have held through that?
• Recovering from its deepest fall took about 9.7 years.
• Return on capital (ROCE) is only 0.8%.
• Pay in shares equals 0% of free cash flow: it dilutes shareholders.

Strengths

• Analysts expect the net margin to improve by 19.1 points from today's 21.3%.
• Earnings per share grew 14.4% a year over the last 3 years.
• Net profit grew 14.3% a year over the last 3 years.
• The company keeps 21.3% of its revenue as net profit.
• The dividend takes 43% of profit: there is a cushion.
• A large company: market value $18.69 billion.

Next earnings report: 2026-12-02

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Questions

What grade does First Financial Holding Co., Ltd. (2892.TW) have?

In our weekly check, First Financial Holding Co., Ltd. is graded C (A to F). Of 25 checks on debt, profit, cash flow and trend: 14 pass, warnings: 0, red flags: 11. The grade is a risk check, not a buy or sell recommendation.

What are the main risks of 2892.TW stock?

This week's biggest flags for First Financial Holding Co., Ltd.: Margins falling, Gross margin falling, Profits not backed by cash. In total 11 of 25 checks show a warning or a red flag.

What does First Financial Holding Co., Ltd. do?

First Financial Holding Co., Ltd. is a Financial Services company (Banks - Regional) based in Taiwan, listed on TAI as 2892.TW.

When does First Financial Holding Co., Ltd. report earnings next?

The next earnings report is expected on 2026-12-02. 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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