KGI Financial Holding Co., Ltd. (2883) AI Stock Analysis

KGI Financial Holding Co., Ltd.

(TWSE:2883)

Select Model

Rating:53Neutral

Price Target:TWD 34.00▼(-5.29% Downside)

Action:initiatedcoverage

Date:11/10/26

The overall score of 53 reflects a company with significant financial risks. The most critical factor is the persistent and severe negative operating cash flow, which undermines otherwise stable balance sheet metrics and a strong revenue recovery. This cash flow weakness is the primary drag on the score. Bearish technical trends further pressure the outlook, indicating weak market sentiment. A low P/E ratio and decent dividend yield provide some valuation support but are not enough to offset the fundamental cash generation concerns.

Positive Factors

Revenue RecoveryRevenue's sharp rebound in 2024–2025, including an exceptionally large 2025 increase, indicates renewed activity across the group's financial businesses. If sustained, stronger scale can support investment in client coverage and platforms while improving operating leverage over the next several quarters.

Negative Factors

Higher LeverageThe marked increase in debt-to-equity creates a more leveraged capital structure and reduces financial flexibility if profitability or asset values weaken. Although leverage can amplify returns during strong periods, it also increases downside exposure and makes future capital allocation more constrained.

KGI Financial Holding Co., Ltd. (2883) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 606.84B
Dividend Yield: 2.79%
Average Volume (3M): 47.10M
Price to Earnings (P/E): 11.6
Beta (1Y): 0.67
Revenue Growth: 31.98%
EPS Growth: 143.59%
Country: TW
Employees: 13,785
Sector: General
Sector Strength: 55
Industry: Insurance - Life

KGI Financial Holding Co., Ltd. Business Overview & Revenue Model

Company Description

KGI Financial Holding Co., Ltd. provides a diverse array of financial services, primarily encompassing commercial banking, securities trading, and venture capital investments. Its operational structure is organized into several key divisions: Commerc...

KGI Financial Holding Co., Ltd. Financial Statement Overview

Summary

Financial performance is mixed. The income statement shows strong revenue recovery (Score: 65) and the balance sheet is stable with controlled leverage (Score: 72). However, cash flow is a major concern, scoring 30 due to three consecutive years of deeply negative operating cash flow. The overall financial health is weighed down significantly by the inability to convert profits into cash.

Income Statement

65Positive

Balance Sheet

72Positive

Cash Flow

30Negative

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	287.38B	323.10B	349.53B	52.97B	97.88B	183.59B
Gross Profit	262.75B	297.98B	319.15B	73.29B	97.88B	183.59B
EBITDA	60.91B	33.28B	44.06B	22.87B	26.18B	187.22B
Net Income	53.03B	30.06B	33.55B	18.94B	16.37B	35.04B
Balance Sheet
Total Assets	4.59T	4.12T	3.95T	3.65T	3.54T	3.46T
Cash, Cash Equivalents and Short-Term Investments	102.58B	156.50B	106.01B	102.55B	186.94B	216.78B
Total Debt	560.71B	425.37B	407.94B	159.88B	144.70B	140.67B
Total Liabilities	4.12T	3.79T	3.64T	3.39T	3.33T	3.17T
Stockholders Equity	469.20B	327.39B	307.16B	262.82B	208.66B	292.78B
Cash Flow
Free Cash Flow	11.10B	-54.06B	-24.13B	-60.83B	58.44B	63.61B
Operating Cash Flow	12.48B	-52.79B	-23.23B	-59.72B	60.17B	65.48B
Investing Cash Flow	-218.92B	-12.85B	-2.00B	-4.07B	-76.80B	-7.29B
Financing Cash Flow	226.75B	53.29B	48.03B	14.86B	-13.72B	-12.02B

KGI Financial Holding Co., Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:2883 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:2884	71Outperform	TWD 832.12B	19.75	―	2.94%	36.49%	29.38%
TW:2890	66Neutral	TWD 644.31B	16.12	―	2.53%	30.53%	55.89%
TW:5880	66Neutral	TWD 445.22B	18.61	―	2.85%	-2.59%	24.94%
TW:2801	64Neutral	TWD 333.46B	17.18	―	2.83%	3.20%	20.85%
TW:2885	63Neutral	TWD 958.03B	17.32	―	2.43%	77.76%	64.03%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:2883	53Neutral	TWD 597.51B	11.62	―	2.79%	31.98%	143.59%

* General Sector Average

Performance Comparison

TW:2883 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:2883	KGI Financial Holding Co., Ltd.	35.90	20.44	132.21%
TW:2801	Chang Hwa Commercial Bank, Ltd.	28.30	9.08	47.22%
TW:2884	E.SUN Financial Holding Co., Ltd.	47.60	18.82	65.39%
TW:2885	Yuanta Financial Holding Co. Ltd.	71.20	38.42	117.18%
TW:2890	SinoPac Financial Holdings Co., Ltd.	42.80	17.39	68.42%
TW:5880	Taiwan Cooperative Financial Holding Co., Ltd.	28.10	5.31	23.29%

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 10, 2026

KGI Financial Holding Co., Ltd. AI Stock Analysis