O-Bank Co. Ltd. AI Stock Analysis
O-Bank Co. Ltd. (2897) AI Stock Analysis
O-Bank Co. Ltd.
(TWSE:2897)
The score is held back primarily by weak financial performance: a sharp decline in net income, eroding margins, a low 4.1% return on equity, a thin ~6% equity-to-assets cushion alongside sharply higher reported leverage, and inconsistent cash generation. Technicals are soft in the short term, with the price below its 20- and 50-day averages and negative MACD, although the stock still trades above its longer-term averages. The main offset is valuation — a modest 12.65 P/E and a ~4.95% dividend yield — plus steadily rising shareholders' equity and a return to positive operating cash flow. Overall, this is a below-average profile where income appeal is balanced against the need for a profitability recovery.
O-Bank Co. Ltd. (2897) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- TWD 28.52B
- Dividend Yield
- 5.05%
- Average Volume (3M)
- 4.63M
- Price to Earnings (P/E)
- 12.3
- Beta (1Y)
- 0.17
- Revenue Growth
- ―
- EPS Growth
- 20.11%
- Country
- TW
- Employees
- 1,623
- Sector
- General
- Sector Strength
- 55
- Industry
- Banks - Regional
O-Bank Co. Ltd. Business Overview & Revenue Model
Company Description
O-Bank Co., Ltd. is a Taiwan-based financial institution delivering a comprehensive suite of banking and financial services specifically to corporate clients. Its core offerings for businesses encompass various financing solutions, including short- a...
O-Bank Co. Ltd. Financial Statement Overview
Summary
O-Bank's financial profile is below average. Revenue has nearly doubled over five years, but momentum has reversed with a ~2% revenue decline and a sharp ~36% drop in net income to NT$1.83 billion. Margins have steadily eroded (net margin to 8.0% from 11.7%; gross margin from ~80% to ~41%), and return on equity fell to 4.1% from 6.7%. The balance sheet shows consistent equity accumulation to NT$44.2 billion, but equity is only ~6% of assets and reported debt jumped to NT$283.5 billion, lifting debt-to-equity to ~6.4x. Cash flow is the weakest link, negative in three of the last six years and covering only ~57% of net income in 2025, despite a welcome return to positive operating cash flow.
Income Statement
46NeutralBalance Sheet
51NeutralCash Flow
37Negative| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 5.29B | 22.79B | 24.36B | 21.14B | 13.35B | 11.17B |
| Gross Profit | 5.02B | 9.31B | 10.10B | 9.33B | 8.58B | 9.00B |
| EBITDA | 11.78B | 17.45B | 5.56B | 4.60B | 7.24B | 4.88B |
| Net Income | 2.43B | 1.83B | 2.86B | 2.49B | 5.03B | 1.84B |
Balance Sheet | ||||||
| Total Assets | 738.76B | 701.30B | 683.09B | 626.75B | 577.34B | 575.08B |
| Cash, Cash Equivalents and Short-Term Investments | 14.45B | 29.14B | 28.89B | 29.08B | 24.20B | 24.76B |
| Total Debt | 300.45B | 283.51B | 13.88B | 13.41B | 14.03B | 15.35B |
| Total Liabilities | 672.87B | 636.49B | 621.56B | 568.23B | 523.33B | 519.91B |
| Stockholders Equity | 45.24B | 44.21B | 42.80B | 40.10B | 37.72B | 36.38B |
Cash Flow | ||||||
| Free Cash Flow | 5.84B | 780.93M | -7.55B | 7.84B | 5.63B | -1.66B |
| Operating Cash Flow | 6.17B | 1.37B | -7.17B | 8.13B | 5.81B | -1.53B |
| Investing Cash Flow | -29.83B | -610.51M | -463.99M | -559.52M | -2.84B | 167.72M |
| Financing Cash Flow | 33.61B | 2.34B | 6.97B | -4.04B | -3.83B | -96.79M |
O-Bank Co. Ltd. Peers Comparison
Overall Rating
TW:602374Outperform
TW:282063Neutral
TW:284963Neutral
TW:283657Neutral
TW:659257Neutral- TW:289752Neutral
Financial Indicators
| 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:2849 | 63Neutral | TWD 28.48B | 14.95 | ― | 3.46% | 9.63% | 40.11% |
| 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:2897 | 52Neutral | TWD 28.84B | 12.26 | ― | 5.05% | ― | 20.11% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TW:2897 | O-Bank Co. Ltd. | 10.30 | 1.62 | 18.70% | |
| TW:2820 | China Bills Finance Corporation | 16.35 | 0.64 | 4.07% | |
| TW:2836 | Bank of Kaohsiung Co., Ltd. | 11.65 | 0.04 | 0.34% | |
| TW:2849 | Entie Commercial Bank | 14.75 | 2.01 | 15.78% | |
| TW:6023 | Yuanta Futures Co., Ltd. | 78.70 | 2.26 | 2.96% | |
| TW:6592 | Hotai Finance Co., Ltd. | 55.60 | -1.68 | -2.93% |
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