Capital Securities Corp (6005) - Net Assets
Based on the latest financial reports, Capital Securities Corp (6005) has net assets worth NT$50.20 Billion TWD (≈ $1.58 Billion USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$357.40 Billion ≈ $11.26 Billion USD) and total liabilities (NT$307.19 Billion ≈ $9.68 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. Also explore Capital Securities Corp (6005) total assets for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$50.20 Billion |
| % of Total Assets | 14.05% |
| Annual Growth Rate | 4.78% |
| 5-Year Change | 21.05% |
| 10-Year Change | 62.77% |
| Growth Volatility | 12.91 |
Capital Securities Corp - Net Assets Trend (2005–2025)
This chart illustrates how Capital Securities Corp's net assets have evolved over time, based on quarterly financial data. Check Capital Securities Corp tangible book value ratio to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Capital Securities Corp (2005–2025)
The table below shows the annual net assets of Capital Securities Corp from 2005 to 2025. For live valuation and market cap data, see Capital Securities Corp market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$50.20 Billion ≈ $1.58 Billion |
+10.01% |
| 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 |
-- |
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 grown by 32.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$6.75 Billion | 14.82% |
| Common Stock | NT$21.71 Billion | 47.65% |
| Other Comprehensive Income | NT$14.95 Billion | 32.81% |
| Other Components | NT$2.15 Billion | 4.72% |
| Total Equity | NT$45.56 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 |
|---|---|
|
Uniti Group Inc
NASDAQ:UNIT
|
$2.61 Billion |
|
BBB Foods Inc.
NYSE:TBBB
|
$2.61 Billion |
|
Kangmei Pharmaceutical Co Ltd
SHG:600518
|
$2.61 Billion |
|
Xiamen Bank Co Ltd
SHG:601187
|
$2.61 Billion |
|
Disc Medicine Inc.
NASDAQ:IRON
|
$2.61 Billion |
|
CECEP Solar Energy Co Ltd
SHE:000591
|
$2.61 Billion |
|
YAMAHA CORP.SP.ADR/1 O.N.
F:YHAA
|
$2.61 Billion |
|
Fabege AB
ST:FABG
|
$2.61 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 2024 to 2025, total equity changed from 42,271,242,000 to 45,556,898,000, a change of 3,285,656,000 (7.8%).
- Net income of 5,735,934,000 contributed positively to equity growth.
- Dividend payments of 3,571,391,000 reduced retained earnings.
- New share issuances of 1,047,564,000 increased equity.
- Other comprehensive income increased equity by 2,046,741,000.
- Other factors decreased equity by 1,973,192,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$5.74 Billion | +12.59% |
| Dividends Paid | NT$3.57 Billion | -7.84% |
| Share Issuances | NT$1.05 Billion | +2.3% |
| Other Comprehensive Income | NT$2.05 Billion | +4.49% |
| Other Changes | NT$-1.97 Billion | -4.33% |
| Total Change | NT$- | 7.77% |
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: 1.82x
- 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 3.28x to 1.82x 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$38.15 | x |
| 2007-12-31 | NT$13.42 | NT$38.15 | x |
| 2008-12-31 | NT$8.88 | NT$38.15 | x |
| 2009-12-31 | NT$11.16 | NT$38.15 | x |
| 2010-12-31 | NT$12.79 | NT$38.15 | x |
| 2011-12-31 | NT$11.27 | NT$38.15 | x |
| 2012-12-31 | NT$11.37 | NT$38.15 | x |
| 2013-12-31 | NT$11.84 | NT$38.15 | x |
| 2014-12-31 | NT$12.26 | NT$38.15 | x |
| 2015-12-31 | NT$12.00 | NT$38.15 | x |
| 2016-12-31 | NT$12.17 | NT$38.15 | x |
| 2017-12-31 | NT$13.52 | NT$38.15 | x |
| 2018-12-31 | NT$14.19 | NT$38.15 | x |
| 2019-12-31 | NT$14.67 | NT$38.15 | x |
| 2020-12-31 | NT$16.50 | NT$38.15 | x |
| 2021-12-31 | NT$17.81 | NT$38.15 | x |
| 2022-12-31 | NT$16.45 | NT$38.15 | x |
| 2023-12-31 | NT$18.49 | NT$38.15 | x |
| 2024-12-31 | NT$19.44 | NT$38.15 | x |
| 2025-12-31 | NT$20.94 | NT$38.15 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Capital Securities Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 12.59%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 31.03%
- • Asset Turnover: 0.05x
- • Equity Multiplier: 7.85x
- Recent ROE (12.59%) is above the historical average (5.42%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 2.93% | 10.42% | 0.08x | 3.74x | NT$-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 |
| 2025 | 12.59% | 31.03% | 0.05x | 7.85x | NT$1.18 Billion |
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: $13,394,499,444
- Average return on equity (ROE) among peers: 6.13%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Capital Securities Corp (6005) | NT$50.20 Billion | 2.93% | 6.12x | $2.61 Billion |
| China Bills Finance Corp (2820) | $21.47 Billion | 6.45% | 6.92x | $712.93 Million |
| President Securities Corp (2855) | $22.41 Billion | 6.08% | 1.62x | $2.62 Billion |
| IBF Financial Holdings Co Ltd (2889) | $31.55 Billion | 4.85% | 5.78x | $1.72 Billion |
| Concord International Securities Co Ltd (5864) | $4.73 Billion | 14.88% | 0.78x | $630.04 Million |
| Horizon Securities Co Ltd (6015) | $4.53 Billion | -4.86% | 1.23x | $220.21 Million |
| Concord Securities Co Ltd (6016) | $7.30 Billion | 3.90% | 2.52x | $628.40 Million |
| Tachan Securities Co Ltd (6020) | $4.17 Billion | 6.24% | 0.68x | $181.67 Million |
| Good Finance Securities Co Ltd (6021) | $4.96 Billion | 3.97% | 0.40x | $398.89 Million |
| Yuanta Futures Co Ltd (6023) | $19.44 Billion | 13.66% | 8.50x | $1.02 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