Capital Securities Corp (6005) - Net Assets
Based on the latest financial reports, Capital Securities Corp (6005) has net assets worth NT$48.00 Billion TWD (≈ $1.51 Billion USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$333.09 Billion ≈ $10.49 Billion USD) and total liabilities (NT$285.08 Billion ≈ $8.98 Billion USD). 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. Check 6005 asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$48.00 Billion |
| % of Total Assets | 14.41% |
| Annual Growth Rate | 4.51% |
| 5-Year Change | 18.0% |
| 10-Year Change | 44.75% |
| Growth Volatility | 13.21 |
Capital Securities Corp - Net Assets Trend (2005–2024)
This chart illustrates how Capital Securities Corp's net assets have evolved over time, based on quarterly financial data. Also explore 6005 total assets for the complete picture of this company's asset base.
Annual Net Assets for Capital Securities Corp (2005–2024)
The table below shows the annual net assets of Capital Securities Corp from 2005 to 2024. For live valuation and market cap data, see Capital Securities Corp (6005) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$45.64 Billion ≈ $1.44 Billion |
+5.24% |
| 2023-12-31 | NT$43.36 Billion ≈ $1.37 Billion |
+12.08% |
| 2022-12-31 | NT$38.69 Billion ≈ $1.22 Billion |
-6.71% |
| 2021-12-31 | NT$41.47 Billion ≈ $1.31 Billion |
+7.24% |
| 2020-12-31 | NT$38.67 Billion ≈ $1.22 Billion |
+6.79% |
| 2019-12-31 | NT$36.22 Billion ≈ $1.14 Billion |
+2.87% |
| 2018-12-31 | NT$35.20 Billion ≈ $1.11 Billion |
+5.16% |
| 2017-12-31 | NT$33.48 Billion ≈ $1.05 Billion |
+8.54% |
| 2016-12-31 | NT$30.84 Billion ≈ $971.76 Million |
-2.17% |
| 2015-12-31 | NT$31.53 Billion ≈ $993.29 Million |
-2.09% |
| 2014-12-31 | NT$32.20 Billion ≈ $1.01 Billion |
+4.32% |
| 2013-12-31 | NT$30.87 Billion ≈ $972.49 Million |
+4.35% |
| 2012-12-31 | NT$29.58 Billion ≈ $931.93 Million |
+1.21% |
| 2011-12-31 | NT$29.23 Billion ≈ $920.77 Million |
-1.47% |
| 2010-12-31 | NT$29.66 Billion ≈ $934.51 Million |
+47.69% |
| 2009-12-31 | NT$20.08 Billion ≈ $632.76 Million |
+15.73% |
| 2008-12-31 | NT$17.35 Billion ≈ $546.73 Million |
-26.09% |
| 2007-12-31 | NT$23.48 Billion ≈ $739.72 Million |
+11.08% |
| 2006-12-31 | NT$21.14 Billion ≈ $665.91 Million |
+7.07% |
| 2005-12-31 | NT$19.74 Billion ≈ $621.91 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Capital 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 decreased by 3.9% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$4.92 Billion | 11.64% |
| Common Stock | NT$21.71 Billion | 51.36% |
| Other Comprehensive Income | NT$12.90 Billion | 30.52% |
| Other Components | NT$2.74 Billion | 6.49% |
| Total Equity | NT$42.27 Billion | 100.00% |
Capital Securities Corp Competitors by Market Cap
The table below lists competitors of Capital Securities Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Ruentex Development Co Ltd
TW:9945
|
$2.09 Billion |
|
Versigent PLC
NYSE:VGNT
|
$2.09 Billion |
|
Sapiens International Corporation NV
TA:SPNS
|
$2.09 Billion |
|
Pegasus Hava Tasimaciligi AS
IS:PGSUS
|
$2.09 Billion |
|
Construcciones y Auxiliar de Ferrocarriles S.A.
MC:CAF
|
$2.09 Billion |
|
MVV Energie AG
F:MVV1
|
$2.09 Billion |
|
Shanghai Highly Group Co Ltd A
SHG:600619
|
$2.09 Billion |
|
Sichuan Jiuzhou Electronic Co Ltd
SHE:000801
|
$2.09 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Capital Securities Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 40,246,883,000 to 42,271,242,000, a change of 2,024,359,000 (5.0%).
- Net income of 4,883,776,000 contributed positively to equity growth.
- Dividend payments of 3,201,626,000 reduced retained earnings.
- Other comprehensive income increased equity by 9,650,172,000.
- Other factors decreased equity by 9,307,963,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$4.88 Billion | +11.55% |
| Dividends Paid | NT$3.20 Billion | -7.57% |
| Other Comprehensive Income | NT$9.65 Billion | +22.83% |
| Other Changes | NT$-9.31 Billion | -22.02% |
| Total Change | NT$- | 5.03% |
Book Value vs Market Value Analysis
This analysis compares Capital 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: 1.57x
- 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 2.62x to 1.57x 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$11.64 | NT$30.55 | x |
| 2007-12-31 | NT$13.42 | NT$30.55 | x |
| 2008-12-31 | NT$8.88 | NT$30.55 | x |
| 2009-12-31 | NT$11.16 | NT$30.55 | x |
| 2010-12-31 | NT$12.79 | NT$30.55 | x |
| 2011-12-31 | NT$11.27 | NT$30.55 | x |
| 2012-12-31 | NT$11.37 | NT$30.55 | x |
| 2013-12-31 | NT$11.84 | NT$30.55 | x |
| 2014-12-31 | NT$12.26 | NT$30.55 | x |
| 2015-12-31 | NT$12.00 | NT$30.55 | x |
| 2016-12-31 | NT$12.17 | NT$30.55 | x |
| 2017-12-31 | NT$13.52 | NT$30.55 | x |
| 2018-12-31 | NT$14.19 | NT$30.55 | x |
| 2019-12-31 | NT$14.67 | NT$30.55 | x |
| 2020-12-31 | NT$16.50 | NT$30.55 | x |
| 2021-12-31 | NT$17.81 | NT$30.55 | x |
| 2022-12-31 | NT$16.45 | NT$30.55 | x |
| 2023-12-31 | NT$18.49 | NT$30.55 | x |
| 2024-12-31 | NT$19.44 | NT$30.55 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Capital Securities Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 11.55%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 24.10%
- • Asset Turnover: 0.07x
- • Equity Multiplier: 7.30x
- Recent ROE (11.55%) is above the historical average (5.06%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 2.93% | 10.42% | 0.08x | 3.74x | NT$-1.40 Billion |
| 2006 | 7.00% | 21.78% | 0.09x | 3.41x | NT$-632.63 Million |
| 2007 | 10.76% | 25.55% | 0.13x | 3.27x | NT$177.12 Million |
| 2008 | -34.38% | -92.74% | 0.13x | 2.79x | NT$-7.54 Billion |
| 2009 | 13.04% | 43.68% | 0.10x | 2.92x | NT$592.92 Million |
| 2010 | 5.87% | 34.41% | 0.06x | 2.90x | NT$-1.16 Billion |
| 2011 | 2.86% | 17.21% | 0.07x | 2.53x | NT$-2.03 Billion |
| 2012 | 3.81% | 22.25% | 0.07x | 2.42x | NT$-1.78 Billion |
| 2013 | 4.90% | 35.06% | 0.05x | 2.59x | NT$-1.53 Billion |
| 2014 | 6.51% | 31.25% | 0.08x | 2.69x | NT$-1.08 Billion |
| 2015 | 5.11% | 26.94% | 0.06x | 3.08x | NT$-1.48 Billion |
| 2016 | 4.05% | 20.28% | 0.05x | 3.66x | NT$-1.76 Billion |
| 2017 | 9.21% | 31.98% | 0.06x | 4.50x | NT$-248.56 Million |
| 2018 | 4.27% | 22.82% | 0.05x | 3.56x | NT$-1.89 Billion |
| 2019 | 7.55% | 34.75% | 0.06x | 3.92x | NT$-832.44 Million |
| 2020 | 9.95% | 37.66% | 0.06x | 4.54x | NT$-19.08 Million |
| 2021 | 13.55% | 35.01% | 0.07x | 5.26x | NT$1.38 Billion |
| 2022 | 2.35% | 10.73% | 0.04x | 5.36x | NT$-2.73 Billion |
| 2023 | 10.27% | 29.44% | 0.06x | 6.13x | NT$106.82 Million |
| 2024 | 11.55% | 24.10% | 0.07x | 7.30x | NT$656.65 Million |
Industry Comparison
This section compares Capital Securities Corp's net assets metrics with peer companies in the Capital Markets industry.
Industry Context
- Industry: Capital Markets
- Average net assets among peers: $10,800,977,889
- Average return on equity (ROE) among peers: 1.06%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Capital Securities Corp (6005) | NT$48.00 Billion | 2.93% | 5.94x | $2.09 Billion |
| China Bills Finance Corp (2820) | $20.95 Billion | 6.69% | 7.99x | $712.93 Million |
| President Securities Corp (2855) | $17.26 Billion | -3.07% | 1.06x | $2.02 Billion |
| IBF Financial Holdings Co Ltd (2889) | $24.96 Billion | -11.13% | 6.24x | $1.68 Billion |
| Concord International Securities Co Ltd (5864) | $3.10 Billion | 4.07% | 0.66x | $499.74 Million |
| Horizon Securities Co Ltd (6015) | $4.53 Billion | -4.86% | 1.23x | $199.24 Million |
| Concord Securities Co Ltd (6016) | $9.80 Billion | 11.15% | 3.57x | $473.73 Million |
| Tachan Securities Co Ltd (6020) | $4.08 Billion | -6.61% | 0.50x | $169.74 Million |
| Good Finance Securities Co Ltd (6021) | $5.76 Billion | 1.84% | 1.63x | $343.98 Million |
| Yuanta Futures Co Ltd (6023) | $6.78 Billion | 11.47% | 7.39x | $1.01 Billion |
About Capital Securities Corp
Capital Securities Corporation provides various financial services in Taiwan and internationally. The company operates through the Brokerage, Corporate Financing, Dealing, Derivative Instrument, and Futures segments. The Brokerage segment engages in brokerage trading, margin trading, and securities lending business. Its Corporate Financing segment is involved in the provision of advisory on initi… Read more