President Securities Corp
President Securities Corporation, together with its subsidiaries, engages in brokerage, underwriting, proprietary trading, fixed income dealing, financial product development, wealth management, and shareholder services in the People's Republic of China. It operates through Managing segment; Measurement and trading department; Self-managed department; Financial products department; investment sec… Read more
President Securities Corp (2855) - Net Assets
Latest net assets as of September 2025: NT$36.86 Billion TWD
Based on the latest financial reports, President Securities Corp (2855) has net assets worth NT$36.86 Billion TWD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$215.07 Billion) and total liabilities (NT$178.21 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$36.86 Billion |
| % of Total Assets | 17.14% |
| Annual Growth Rate | 3.63% |
| 5-Year Change | 20.06% |
| 10-Year Change | 55.48% |
| Growth Volatility | 5.69 |
President Securities Corp - Net Assets Trend (2001–2024)
This chart illustrates how President Securities Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for President Securities Corp (2001–2024)
The table below shows the annual net assets of President Securities Corp from 2001 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$35.39 Billion | +10.12% |
| 2023-12-31 | NT$32.14 Billion | +7.84% |
| 2022-12-31 | NT$29.81 Billion | -6.17% |
| 2021-12-31 | NT$31.77 Billion | +7.76% |
| 2020-12-31 | NT$29.48 Billion | +10.14% |
| 2019-12-31 | NT$26.77 Billion | +4.10% |
| 2018-12-31 | NT$25.71 Billion | +1.09% |
| 2017-12-31 | NT$25.43 Billion | +9.97% |
| 2016-12-31 | NT$23.13 Billion | +1.61% |
| 2015-12-31 | NT$22.76 Billion | -1.35% |
| 2014-12-31 | NT$23.08 Billion | +2.99% |
| 2013-12-31 | NT$22.41 Billion | +2.75% |
| 2012-12-31 | NT$21.81 Billion | +5.00% |
| 2011-12-31 | NT$20.77 Billion | +1.38% |
| 2010-12-31 | NT$20.49 Billion | +5.02% |
| 2009-12-31 | NT$19.51 Billion | +12.99% |
| 2008-12-31 | NT$17.26 Billion | -11.88% |
| 2007-12-31 | NT$19.59 Billion | +7.22% |
| 2006-12-31 | NT$18.27 Billion | +7.91% |
| 2005-12-31 | NT$16.93 Billion | +0.22% |
| 2004-12-31 | NT$16.90 Billion | +0.05% |
| 2003-12-31 | NT$16.89 Billion | +9.69% |
| 2002-12-31 | NT$15.39 Billion | -1.27% |
| 2001-12-31 | NT$15.59 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to President Securities Corp's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 1.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$4.38 Billion | 12.41% |
| Other Components | NT$30.91 Billion | 87.59% |
| Total Equity | NT$35.29 Billion | 100.00% |
President Securities Corp Competitors by Market Cap
The table below lists competitors of President Securities Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Youngone Holdi
KO:009970
|
$792.02 Million |
|
Grindwell Norton Limited
NSE:GRINDWELL
|
$792.40 Million |
|
PharmaBlock Sciences Nanjing Inc Class A
SHE:300725
|
$792.53 Million |
|
Sociedad Punta del Cobre S.A
SN:PUCOBRE
|
$792.57 Million |
|
Lithium Argentina AG
NYSE:LAR
|
$791.56 Million |
|
Zhongnanhong Culture Group Co Ltd
SHE:002445
|
$791.40 Million |
|
Cargojet Inc
PINK:CGJTF
|
$791.09 Million |
|
Hainan Strait Shipping Co Ltd
SHE:002320
|
$791.04 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in President Securities Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 32,049,492,000 to 35,288,905,000, a change of 3,239,413,000 (10.1%).
- Net income of 4,373,054,000 contributed positively to equity growth.
- Dividend payments of 1,921,697,000 reduced retained earnings.
- Other comprehensive income decreased equity by 1,434,308,999.
- Other factors increased equity by 2,222,364,999.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$4.37 Billion | +12.39% |
| Dividends Paid | NT$1.92 Billion | -5.45% |
| Other Comprehensive Income | NT$-1.43 Billion | -4.06% |
| Other Changes | NT$2.22 Billion | +6.3% |
| Total Change | NT$- | 10.11% |
Book Value vs Market Value Analysis
This analysis compares President Securities Corp's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.37x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 2.60x to 1.37x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | NT$11.63 | NT$30.25 | x |
| 2007-12-31 | NT$12.45 | NT$30.25 | x |
| 2008-12-31 | NT$11.05 | NT$30.25 | x |
| 2009-12-31 | NT$12.02 | NT$30.25 | x |
| 2010-12-31 | NT$12.52 | NT$30.25 | x |
| 2011-12-31 | NT$13.77 | NT$30.25 | x |
| 2012-12-31 | NT$14.44 | NT$30.25 | x |
| 2013-12-31 | NT$14.83 | NT$30.25 | x |
| 2014-12-31 | NT$15.27 | NT$30.25 | x |
| 2015-12-31 | NT$15.10 | NT$30.25 | x |
| 2016-12-31 | NT$15.61 | NT$30.25 | x |
| 2017-12-31 | NT$17.16 | NT$30.25 | x |
| 2018-12-31 | NT$17.36 | NT$30.25 | x |
| 2019-12-31 | NT$18.28 | NT$30.25 | x |
| 2020-12-31 | NT$20.14 | NT$30.25 | x |
| 2021-12-31 | NT$21.70 | NT$30.25 | x |
| 2022-12-31 | NT$20.40 | NT$30.25 | x |
| 2023-12-31 | NT$21.97 | NT$30.25 | x |
| 2024-12-31 | NT$22.04 | NT$30.25 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently President Securities Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 12.39%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 27.43%
- • Asset Turnover: 0.08x
- • Equity Multiplier: 5.48x
- Recent ROE (12.39%) is above the historical average (7.49%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2001 | 8.26% | 23.67% | 0.15x | 2.33x | NT$-271.89 Million |
| 2002 | 5.02% | 10.03% | 0.18x | 2.83x | NT$-765.96 Million |
| 2003 | 11.27% | 24.27% | 0.16x | 2.93x | NT$214.30 Million |
| 2004 | 8.12% | 16.82% | 0.20x | 2.43x | NT$-318.17 Million |
| 2005 | 5.53% | 13.53% | 0.12x | 3.33x | NT$-757.41 Million |
| 2006 | 11.86% | 36.21% | 0.12x | 2.83x | NT$339.19 Million |
| 2007 | 12.30% | 29.15% | 0.14x | 3.05x | NT$449.35 Million |
| 2008 | -3.07% | -10.51% | 0.14x | 2.07x | NT$-2.25 Billion |
| 2009 | 10.39% | 47.18% | 0.09x | 2.40x | NT$76.86 Million |
| 2010 | 8.81% | 52.65% | 0.06x | 2.64x | NT$-242.85 Million |
| 2011 | 2.73% | 18.06% | 0.07x | 2.24x | NT$-1.51 Billion |
| 2012 | 5.12% | 44.06% | 0.05x | 2.19x | NT$-1.06 Billion |
| 2013 | 6.09% | 37.02% | 0.06x | 2.63x | NT$-874.81 Million |
| 2014 | 6.87% | 50.55% | 0.05x | 2.82x | NT$-720.09 Million |
| 2015 | 4.21% | 24.45% | 0.06x | 3.09x | NT$-1.32 Billion |
| 2016 | 3.58% | 22.40% | 0.04x | 3.73x | NT$-1.48 Billion |
| 2017 | 10.32% | 36.75% | 0.08x | 3.40x | NT$80.20 Million |
| 2018 | 4.72% | 27.06% | 0.06x | 2.74x | NT$-1.35 Billion |
| 2019 | 8.87% | 35.12% | 0.07x | 3.59x | NT$-301.43 Million |
| 2020 | 12.27% | 43.11% | 0.07x | 3.87x | NT$666.79 Million |
| 2021 | 12.65% | 25.63% | 0.13x | 3.71x | NT$839.08 Million |
| 2022 | 2.45% | 29.36% | 0.03x | 3.19x | NT$-2.24 Billion |
| 2023 | 8.98% | 33.90% | 0.06x | 4.39x | NT$-326.00 Million |
| 2024 | 12.39% | 27.43% | 0.08x | 5.48x | NT$844.16 Million |
Industry Comparison
This section compares President Securities Corp's net assets metrics with peer companies in the Capital Markets industry.
Industry Context
- Industry: Capital Markets
- Average net assets among peers: $9,493,573,444
- Average return on equity (ROE) among peers: 9.33%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| President Securities Corp (2855) | NT$36.86 Billion | 8.26% | 4.83x | $791.85 Million |
| China Bills Finance Corp (2820) | $24.93 Billion | 5.17% | 7.92x | $448.47 Million |
| IBF Financial Holdings Co Ltd (2889) | $32.30 Billion | 4.18% | 5.78x | $1.41 Billion |
| SysJust Co., Ltd. (3158) | $577.08 Million | 26.94% | 0.47x | $48.00 Million |
| Concord International Securities Co Ltd (5864) | $2.84 Billion | 0.99% | 0.44x | $197.05 Million |
| Tachan Securities Co Ltd (6020) | $4.83 Billion | 3.78% | 0.47x | $23.61 Million |
| Good Finance Securities Co Ltd (6021) | $4.98 Billion | 2.12% | 1.75x | $103.80 Million |
| Yuanta Futures Co Ltd (6023) | $6.78 Billion | 11.47% | 7.39x | $311.36 Million |
| Capital Futures Corp (6024) | $4.66 Billion | 15.68% | 6.15x | $173.43 Million |
| Grand Fortune Securities Co Ltd (6026) | $3.55 Billion | 13.61% | 0.34x | $132.94 Million |