Entie Commercial Bank (2849) AI Stock Analysis

Entie Commercial Bank

(TWSE:2849)

Select Model

Rating:53Neutral

Price Target:TWD 16.00▲(8.47% Upside)

Action:initiatedcoverage

Date:11/10/26

The overall score of 53 reflects a company with a strong, low-risk balance sheet but significant and worsening operational headwinds. The most impactful factor is the severe deterioration in profitability and cash flow generation, which creates substantial uncertainty about future earnings power. This is partially offset by a reasonable valuation and a solid dividend yield, as well as a stable technical trend. The bank is not in financial distress, but its earnings engine is sputtering, warranting caution.

Positive Factors

Conservative Balance SheetConservative leverage and a substantial equity cushion strengthen the bank’s ability to absorb losses and support lending through changing conditions. This financial resilience also preserves flexibility for growth and reduces the balance-sheet pressure that can constrain regional banks.

Negative Factors

Revenue and Margin PressureThe sharp 2025 revenue contraction and substantial margin compression weaken the earnings base that supports future growth. If this pressure persists, the bank may have less capacity to build capital, invest in services, or improve shareholder returns.

Entie Commercial Bank (2849) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 29.07B
Dividend Yield: 3.46%
Average Volume (3M): 200.17K
Price to Earnings (P/E): 14.9
Beta (1Y): 0.26
Revenue Growth: 9.63%
EPS Growth: 40.11%
Country: TW
Employees: 1,630
Sector: General
Sector Strength: 55
Industry: Banks - Regional

Entie Commercial Bank Business Overview & Revenue Model

Company Description

EnTie Commercial Bank Co., Ltd., established in 1992 and headquartered in Taipei, Taiwan, primarily functions as a financial service provider across the island. Its operations are segmented into three core areas: Retail Banking, Corporate Banking, an...

Entie Commercial Bank Financial Statement Overview

Summary

Financial performance is under significant pressure. The income statement shows a multi-year decline in core profitability, with TTM net margin falling to 13.1% and gross margin collapsing to 42.4%. The cash flow score is critically low due to a severe deterioration in cash generation, with operating cash flow nearly vanishing. The balance sheet is a relative strength, with very low leverage, but declining returns on equity. Overall, the eroding earnings and cash flow trends heavily outweigh the strong capital structure.

Income Statement

35Negative

Balance Sheet

72Positive

Cash Flow

25Negative

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	12.50B	11.72B	11.45B	11.17B	8.34B	7.16B
Gross Profit	5.69B	4.97B	5.54B	5.82B	5.98B	5.93B
EBITDA	2.37B	2.07B	1.72B	1.58B	1.61B	2.97B
Net Income	1.91B	1.54B	1.33B	1.10B	1.07B	2.32B
Balance Sheet
Total Assets	406.08B	388.25B	363.92B	337.85B	348.72B	333.07B
Cash, Cash Equivalents and Short-Term Investments	19.41B	18.32B	18.04B	15.25B	17.27B	13.32B
Total Debt	7.38B	5.57B	3.29B	1.56B	1.44B	1.04B
Total Liabilities	370.37B	352.10B	329.66B	304.32B	315.99B	298.24B
Stockholders Equity	35.72B	36.15B	34.26B	33.53B	32.72B	34.84B
Cash Flow
Free Cash Flow	1.34B	386.44M	1.56B	2.27B	-1.38B	4.77B
Operating Cash Flow	1.47B	545.08M	1.69B	2.37B	-1.23B	4.85B
Investing Cash Flow	-25.16B	312.36M	-1.98B	196.29M	1.25B	-270.60M
Financing Cash Flow	23.39B	-1.54B	-204.41M	-3.77B	1.01B	-2.94B

Entie Commercial Bank Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:2849 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:6023	74Outperform	TWD 35.30B	9.49	―	5.08%	20.43%	16.61%
TW:2820	63Neutral	TWD 21.82B	9.19	―	5.50%	16.26%	40.64%
TW:2836	57Neutral	TWD 21.46B	15.26	―	3.43%	2.92%	26.83%
TW:6592	57Neutral	TWD 35.62B	10.71	―	5.40%	-5.16%	34.90%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:2849	53Neutral	TWD 28.48B	14.95	―	3.46%	9.63%	40.11%
TW:2897	52Neutral	TWD 28.84B	12.26	―	5.05%	―	20.11%

* General Sector Average

Performance Comparison

TW:2849 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:2849	Entie Commercial Bank	14.75	2.15	17.11%
TW:2820	China Bills Finance Corporation	16.35	0.64	4.07%
TW:2836	Bank of Kaohsiung Co., Ltd.	11.65	0.09	0.75%
TW:2897	O-Bank Co. Ltd.	10.30	1.66	19.23%
TW:6023	Yuanta Futures Co., Ltd.	78.70	1.85	2.41%
TW:6592	Hotai Finance Co., Ltd.	55.60	-1.77	-3.09%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Nov 09, 2026

Entie Commercial Bank AI Stock Analysis