Capital Futures Corp
Capital Futures Corporation engages in futures brokerage business in Taiwan, rest of Asia, North America, and Europe. The company is involved in settlement services, such as domestic/foreign futures brokerage, securities IB service, leverage trading, futures consultancy service, derivative financial product, and futures consultancy services. It also operates e-trading platform. The company was in… Read more
Capital Futures Corp (6024) - Net Assets
Latest net assets as of September 2025: NT$10.02 Billion TWD
Based on the latest financial reports, Capital Futures Corp (6024) has net assets worth NT$10.02 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$68.94 Billion) and total liabilities (NT$58.92 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$10.02 Billion |
| % of Total Assets | 14.53% |
| Annual Growth Rate | 11.79% |
| 5-Year Change | 21.26% |
| 10-Year Change | 159.98% |
| Growth Volatility | 12.59 |
Capital Futures Corp - Net Assets Trend (2009–2024)
This chart illustrates how Capital Futures 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 Capital Futures Corp (2009–2024)
The table below shows the annual net assets of Capital Futures Corp from 2009 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$7.74 Billion | +7.92% |
| 2023-12-31 | NT$7.18 Billion | +5.79% |
| 2022-12-31 | NT$6.78 Billion | +8.12% |
| 2021-12-31 | NT$6.27 Billion | -1.77% |
| 2020-12-31 | NT$6.39 Billion | +26.69% |
| 2019-12-31 | NT$5.04 Billion | -0.39% |
| 2018-12-31 | NT$5.06 Billion | +8.54% |
| 2017-12-31 | NT$4.66 Billion | +46.05% |
| 2016-12-31 | NT$3.19 Billion | +7.18% |
| 2015-12-31 | NT$2.98 Billion | +10.64% |
| 2014-12-31 | NT$2.69 Billion | +29.42% |
| 2013-12-31 | NT$2.08 Billion | +10.65% |
| 2012-12-31 | NT$1.88 Billion | -0.24% |
| 2011-12-31 | NT$1.88 Billion | +20.68% |
| 2010-12-31 | NT$1.56 Billion | +7.28% |
| 2009-12-31 | NT$1.46 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Capital Futures 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 168.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$1.19 Billion | 15.40% |
| Common Stock | NT$2.10 Billion | 27.19% |
| Other Components | NT$4.44 Billion | 57.41% |
| Total Equity | NT$7.74 Billion | 100.00% |
Capital Futures Corp Competitors by Market Cap
The table below lists competitors of Capital Futures Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Chunbo Co. Ltd
KQ:278280
|
$171.96 Million |
|
ADCNF
OTCGREY:ADCNF
|
$172.01 Million |
|
Zhejiang Oceanking Development Co Ltd
SHG:603213
|
$172.01 Million |
|
Xinjiang Haoyuan Natural Gas Co Ltd
SHE:002700
|
$172.04 Million |
|
Shandong Weigao Orthopaedic Device Co. Ltd. A
SHG:688161
|
$171.85 Million |
|
Idorsia Ltd
PINK:IDRSF
|
$171.80 Million |
|
ECHO INVESTMENT ZY 005
F:4I3
|
$171.78 Million |
|
Bohai Water Industry Co Ltd
SHE:000605
|
$171.74 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Capital Futures Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 7,173,449,000 to 7,740,641,000, a change of 567,192,000 (7.9%).
- Net income of 1,190,927,000 contributed positively to equity growth.
- Dividend payments of 723,905,000 reduced retained earnings.
- Other comprehensive income decreased equity by 2,420,331,000.
- Other factors increased equity by 2,520,501,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$1.19 Billion | +15.39% |
| Dividends Paid | NT$723.90 Million | -9.35% |
| Other Comprehensive Income | NT$-2.42 Billion | -31.27% |
| Other Changes | NT$2.52 Billion | +32.56% |
| Total Change | NT$- | 7.91% |
Book Value vs Market Value Analysis
This analysis compares Capital Futures 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: 1.53x
- 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 4.14x to 1.53x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2009-12-31 | NT$13.39 | NT$55.50 | x |
| 2010-12-31 | NT$13.86 | NT$55.50 | x |
| 2011-12-31 | NT$15.34 | NT$55.50 | x |
| 2012-12-31 | NT$15.31 | NT$55.50 | x |
| 2013-12-31 | NT$17.33 | NT$55.50 | x |
| 2014-12-31 | NT$20.25 | NT$55.50 | x |
| 2015-12-31 | NT$21.21 | NT$55.50 | x |
| 2016-12-31 | NT$22.76 | NT$55.50 | x |
| 2017-12-31 | NT$26.12 | NT$55.50 | x |
| 2018-12-31 | NT$27.60 | NT$55.50 | x |
| 2019-12-31 | NT$27.50 | NT$55.50 | x |
| 2020-12-31 | NT$31.36 | NT$55.50 | x |
| 2021-12-31 | NT$29.67 | NT$55.50 | x |
| 2022-12-31 | NT$32.17 | NT$55.50 | x |
| 2023-12-31 | NT$33.67 | NT$55.50 | x |
| 2024-12-31 | NT$36.33 | NT$55.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Capital Futures 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): 15.39%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 50.06%
- • Asset Turnover: 0.04x
- • Equity Multiplier: 8.01x
- Recent ROE (15.39%) is above the historical average (12.87%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | 13.24% | 20.91% | 0.11x | 5.84x | NT$46.10 Million |
| 2010 | 11.41% | 19.48% | 0.12x | 4.92x | NT$21.99 Million |
| 2011 | 11.74% | 21.36% | 0.09x | 5.86x | NT$32.82 Million |
| 2012 | 12.37% | 24.18% | 0.08x | 6.14x | NT$44.48 Million |
| 2013 | 12.40% | 25.51% | 0.09x | 5.38x | NT$49.90 Million |
| 2014 | 10.92% | 26.18% | 0.07x | 5.73x | NT$24.70 Million |
| 2015 | 14.67% | 29.19% | 0.07x | 6.94x | NT$137.73 Million |
| 2016 | 16.16% | 25.04% | 0.08x | 8.51x | NT$195.07 Million |
| 2017 | 15.76% | 29.99% | 0.07x | 7.19x | NT$267.24 Million |
| 2018 | 16.60% | 36.52% | 0.06x | 8.03x | NT$332.00 Million |
| 2019 | 11.97% | 32.21% | 0.05x | 8.21x | NT$98.71 Million |
| 2020 | 9.78% | 26.35% | 0.05x | 7.30x | NT$-13.80 Million |
| 2021 | 7.84% | 22.05% | 0.05x | 7.46x | NT$-134.80 Million |
| 2022 | 11.53% | 33.52% | 0.05x | 7.38x | NT$103.72 Million |
| 2023 | 14.08% | 51.41% | 0.04x | 6.88x | NT$292.85 Million |
| 2024 | 15.39% | 50.06% | 0.04x | 8.01x | NT$416.86 Million |
Industry Comparison
This section compares Capital Futures Corp's net assets metrics with peer companies in the Capital Markets industry.
Industry Context
- Industry: Capital Markets
- Average net assets among peers: $10,691,651,111
- Average return on equity (ROE) among peers: 6.41%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Capital Futures Corp (6024) | NT$10.02 Billion | 13.24% | 5.88x | $171.88 Million |
| China Bills Finance Corp (2820) | $24.93 Billion | 5.17% | 7.92x | $444.53 Million |
| President Securities Corp (2855) | $17.26 Billion | -3.07% | 1.06x | $842.90 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) | $4.00 Billion | 2.90% | 0.51x | $23.61 Million |
| Good Finance Securities Co Ltd (6021) | $4.96 Billion | 3.97% | 0.40x | $103.80 Million |
| Yuanta Futures Co Ltd (6023) | $6.78 Billion | 11.47% | 7.39x | $311.36 Million |
| Grand Fortune Securities Co Ltd (6026) | $2.58 Billion | 5.15% | 0.38x | $132.94 Million |