China Bills Finance (TPE:2820) FCF Yield %: -37.13 (As of Jul. 16, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TPE:2820 China Bills Finance Corp TPE:2820
62 GF Score
Price NT$16.65
GF Value NT$24.45
Valuation Significantly Undervalued
! 2 Warning Signs
View Full Analysis

What is China Bills Finance FCF Yield %?

China Bills Finance TPE:2820 62 FCF Yield % is -37.13 as of Jul. 16, 2026. GuruFocus rates TPE:2820 with a GF Score™ of 62/100 and a GF Value™ of NT$24.45 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 809 Capital Markets companies, China Bills Finance ranks worse than 87.27% on this metric.

FCF Yield % is calculated as Free Cash Flow divided by Market Capitalization. It is a financial solvency ratio that compares the free cash flow a company is expected to earn against its market value.

As of today, China Bills Finance's Trailing 12-Month Free Cash Flow is NT$-8,303 Mil, and Market Cap is NT$22,360 Mil. Therefore, China Bills Finance's FCF Yield % for today is -37.13%.

The historical rank and industry rank for China Bills Finance's FCF Yield % or its related term are showing as below:

TPE:2820' s FCF Yield % Range Over the Past 10 Years
Min: -134.79   Med: -2.72   Max: 74.38
Current: -37.13


During the past 13 years, the highest FCF Yield % of China Bills Finance was 74.38%. The lowest was -134.79%. And the median was -2.72%.

TPE:2820's FCF Yield % is ranked worse than
87.27% of 809 companies
in the Capital Markets industry
Industry Median: -0.01 vs TPE:2820: -37.13

China Bills Finance's FCF Margin % for the quarter that ended in Dec. 2025 was 762.60%.


China Bills Finance FCF Yield % Explanation

Similar to Earnings Yield %, FCF Yield % is financial solvency ratio. A lower ratio suggests a less attractive investment, indicating that investors might not receive substantial returns in proportion to their investment. Conversely, a high free cash flow yield signals that a company generates sufficient cash to comfortably meet its debts, obligations, and dividend payments, making it a promising investment choice.


China Bills Finance FCF Yield % Related Terms


China Bills Finance FCF Yield % Historical Data

* Premium members only.

The historical data trend for China Bills Finance's FCF Yield % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

China Bills Finance FCF Yield % Chart

China Bills Finance Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
FCF Yield %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -6.68 17.05 -29.55 -7.90 -36.58

China Bills Finance Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
FCF Yield % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 554.63 -35.10 0.37 -221.37 97.36

TPE:2820 vs MS, GS, SCHW: FCF Yield % Comparison

For the Capital Markets subindustry, China Bills Finance's FCF Yield %, along with its competitors' market caps and FCF Yield % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


China Bills Finance FCF Yield % vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, China Bills Finance's FCF Yield % distribution charts can be found below:

* The bar in red indicates where China Bills Finance's FCF Yield % falls into.


TPE:2820
62GF Score
China Bills Finance Corp TPE:2820
FCF Yield % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

China Bills Finance FCF Yield % Calculation

FCF Yield % is a financial solvency ratio that compares the free cash flow a company is expected to earn against its market value.

China Bills Finance's FCF Yield % for the fiscal year that ended in Dec. 2025 is calculated as

FCF Yield %=Free Cash Flow / Market Cap
=-8302.655 / 22696.024
=-36.58%

China Bills Finance's annualized FCF Yield % for the quarter that ended in Dec. 2025 is calculated as

FCF Yield %=Free Cash Flow * Annualized Factor / Market Cap
=5524.125 * 4 / 22696.024
=97.36%

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about FCF Yield % →
What does a FCF Yield % of -37.13 mean?
China Bills Finance (TPE:2820) has a FCF Yield % of -37.13 as of Jul. 16, 2026. FCF Yield is calculated as Free Cash Flow divided by Market Capitalization. View historical data on China Bills Finance and its competitors. According to the industry distribution chart, China Bills Finance ranks #706 out of 809 companies in the Capital Markets industry, placing it in the top 87.3%.
Is China Bills Finance's FCF Yield % too high?
China Bills Finance's current FCF Yield % is -37.13. Based on the distribution chart, China Bills Finance ranks #706 out of 809 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. Overall, China Bills Finance has a GF Score™ of 62/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does China Bills Finance's FCF Yield % compare to MS and GS?
According to the Capital Markets industry distribution chart, China Bills Finance ranks #706 out of 809 companies for FCF Yield %. This places China Bills Finance in the lower half of its industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good FCF Yield % for a Capital Markets company?
A good FCF Yield % depends on the Capital Markets industry context. However, FCF Yield % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high FCF Yield % mean?
A high FCF Yield % can signal that a stock is expensive relative to its fundamentals. FCF Yield is calculated as Free Cash Flow divided by Market Capitalization. View historical data on China Bills Finance and its competitors. China Bills Finance's current FCF Yield % is -37.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Bills Finance stock overvalued right now?
Based on GuruFocus' analysis, China Bills Finance (TPE:2820) is currently considered Significantly Undervalued. The stock's GF Value™ is NT$24.45, compared to a current price of NT$16.65 — trading 31.9% below its estimated fair value. The current FCF Yield % is -37.13. China Bills Finance's overall GF Score™ is 62/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is FCF Yield % calculated?
FCF Yield % is calculated from a company's financial statements. For China Bills Finance (TPE:2820), the current FCF Yield % is -37.13 as of Jul. 16, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is China Bills Finance (TPE:2820) Overvalued in 2026?

Based on GuruFocus' analysis, China Bills Finance stock appears to be undervalued. The current stock price of NT$16.65 is trading 31.9% below its estimated GF Value™ of NT$24.45. GuruFocus considers China Bills Finance to be Significantly Undervalued.

Key valuation signals for TPE:2820:

  • FCF Yield %: -37.13
  • GF Value™: NT$24.45 vs. price of NT$16.65 (31.9% below fair value)
  • GF Score™: 62/100 with 2 warning signs

No single metric tells the full story. See the TPE:2820 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


China Bills Finance Business Description

Address Tiding Boulevard, 4th Floor, No. 99, Sec. 2, Neihu District, Taipei, TWN, 11493
China Bills Finance Corp focuses on corporate financing and fixed-income commodities. The company's business activities consist of certifying and underwriting of short-term bills and bank debentures; brokering or undertaking proprietary trading of short-term bills, bank debentures, government and corporate bonds, and foreign bonds; guaranteeing short-term bills; providing financial consulting services to enterprises; processing interbank call loans; equity investments; fixed-income security trading; (h) foreign-currency bills investment; and doing other businesses as authorized by relevant authorities. Its business is concentrated in Taiwan.
62GF Score

Get the complete analysis for TPE:2820

FCF Yield % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

NT$16.65
Price
NT$24.45
GF Value