Tachan Securities Co Ltd (6020) - Net Assets
Based on the latest financial reports, Tachan Securities Co Ltd (6020) has net assets worth NT$5.17 Billion TWD (≈ $162.77 Million 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$8.19 Billion ≈ $257.95 Million USD) and total liabilities (NT$3.02 Billion ≈ $95.18 Million 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 Tachan Securities Co Ltd liquidity resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$5.17 Billion |
| % of Total Assets | 63.1% |
| Annual Growth Rate | 3.1% |
| 5-Year Change | 15.75% |
| 10-Year Change | N/A |
| Growth Volatility | 9.18 |
Tachan Securities Co Ltd - Net Assets Trend (2015–2024)
This chart illustrates how Tachan Securities Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Tachan Securities Co Ltd balance sheet assets for the complete picture of this company's asset base.
Annual Net Assets for Tachan Securities Co Ltd (2015–2024)
The table below shows the annual net assets of Tachan Securities Co Ltd from 2015 to 2024. For live valuation and market cap data, see Tachan Securities Co Ltd market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$4.83 Billion ≈ $152.10 Million |
+4.75% |
| 2023-12-31 | NT$4.61 Billion ≈ $145.20 Million |
+12.95% |
| 2022-12-31 | NT$4.08 Billion ≈ $128.56 Million |
-17.02% |
| 2021-12-31 | NT$4.92 Billion ≈ $154.93 Million |
+17.91% |
| 2020-12-31 | NT$4.17 Billion ≈ $131.40 Million |
+4.38% |
| 2019-12-31 | NT$4.00 Billion ≈ $125.90 Million |
+3.79% |
| 2018-12-31 | NT$3.85 Billion ≈ $121.30 Million |
-1.02% |
| 2017-12-31 | NT$3.89 Billion ≈ $122.55 Million |
+6.01% |
| 2016-12-31 | NT$3.67 Billion ≈ $115.61 Million |
+0.06% |
| 2015-12-31 | NT$3.67 Billion ≈ $115.54 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Tachan Securities Co Ltd'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 83.7% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$183.48 Million | 3.80% |
| Other Components | NT$4.64 Billion | 96.20% |
| Total Equity | NT$4.83 Billion | 100.00% |
Tachan Securities Co Ltd Competitors by Market Cap
The table below lists competitors of Tachan Securities Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Amadeus Fire AG
XETRA:AAD
|
$153.05 Million |
|
Cash Converters International
AU:CCV
|
$153.12 Million |
|
Alam Sutera Realty Tbk
JK:ASRI
|
$153.13 Million |
|
Asara Resources Ltd
AU:AS1
|
$153.14 Million |
|
One Point One Solutions Limited
NSE:ONEPOINT
|
$153.04 Million |
|
Wonder Electricals Limited
NSE:WEL
|
$153.03 Million |
|
Century Therapeutics Inc
NASDAQ:IPSC
|
$152.96 Million |
|
Kangda International Environmental Company Limited
STU:27K
|
$152.95 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tachan Securities Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 4,608,364,000 to 4,827,161,000, a change of 218,797,000 (4.7%).
- Net income of 182,369,000 contributed positively to equity growth.
- Dividend payments of 226,908,000 reduced retained earnings.
- Other factors increased equity by 263,336,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$182.37 Million | +3.78% |
| Dividends Paid | NT$226.91 Million | -4.7% |
| Other Changes | NT$263.34 Million | +5.46% |
| Total Change | NT$- | 4.75% |
Book Value vs Market Value Analysis
This analysis compares Tachan Securities Co Ltd'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: 1.01x
- 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 1.25x to 1.01x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | NT$15.41 | NT$19.25 | x |
| 2018-12-31 | NT$15.25 | NT$19.25 | x |
| 2019-12-31 | NT$15.83 | NT$19.25 | x |
| 2020-12-31 | NT$16.53 | NT$19.25 | x |
| 2021-12-31 | NT$19.49 | NT$19.25 | x |
| 2022-12-31 | NT$16.17 | NT$19.25 | x |
| 2023-12-31 | NT$18.26 | NT$19.25 | x |
| 2024-12-31 | NT$19.13 | NT$19.25 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tachan Securities Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 3.78%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 53.99%
- • Asset Turnover: 0.05x
- • Equity Multiplier: 1.47x
- Recent ROE (3.78%) is above the historical average (3.76%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | -0.04% | -1.37% | 0.02x | 1.24x | NT$-366.20 Million |
| 2016 | 0.58% | 13.91% | 0.04x | 1.19x | NT$-345.45 Million |
| 2017 | 6.16% | 65.17% | 0.08x | 1.22x | NT$-149.17 Million |
| 2018 | 0.05% | 1.89% | 0.02x | 1.23x | NT$-382.92 Million |
| 2019 | 2.90% | 58.32% | 0.03x | 1.51x | NT$-283.71 Million |
| 2020 | 6.24% | 60.72% | 0.06x | 1.68x | NT$-156.79 Million |
| 2021 | 17.44% | 74.84% | 0.15x | 1.58x | NT$365.79 Million |
| 2022 | -6.61% | -2532.11% | 0.00x | 1.50x | NT$-677.76 Million |
| 2023 | 7.07% | 62.96% | 0.07x | 1.67x | NT$-134.82 Million |
| 2024 | 3.78% | 53.99% | 0.05x | 1.47x | NT$-300.35 Million |
Industry Comparison
This section compares Tachan Securities Co Ltd's net assets metrics with peer companies in the Capital Markets industry.
Industry Context
- Industry: Capital Markets
- Average net assets among peers: $17,506,200,889
- Average return on equity (ROE) among peers: 4.77%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tachan Securities Co Ltd (6020) | NT$5.17 Billion | -0.04% | 0.58x | $153.05 Million |
| China Bills Finance Corp (2820) | $22.39 Billion | 7.19% | 8.27x | $710.82 Million |
| President Securities Corp (2855) | $29.81 Billion | 2.45% | 2.18x | $1.80 Billion |
| IBF Financial Holdings Co Ltd (2889) | $32.30 Billion | 4.18% | 5.78x | $1.66 Billion |
| Concord International Securities Co Ltd (5864) | $3.12 Billion | 9.62% | 0.15x | $408.09 Million |
| Capital Securities Corp (6005) | $32.20 Billion | 6.29% | 1.60x | $1.92 Billion |
| Horizon Securities Co Ltd (6015) | $4.79 Billion | -5.32% | 1.35x | $175.18 Million |
| Concord Securities Co Ltd (6016) | $7.76 Billion | 3.04% | 3.38x | $420.73 Million |
| Good Finance Securities Co Ltd (6021) | $5.76 Billion | 1.84% | 1.63x | $325.28 Million |
| Yuanta Futures Co Ltd (6023) | $19.44 Billion | 13.66% | 8.50x | $1.00 Billion |
About Tachan Securities Co Ltd
Tachan Securities Co., Ltd. engages in the securities, investment consulting, and venture capital businesses in Taiwan. The company provides brokerage, underwriting, proprietary trading, bond and investment consulting, and membership services. It also provides services related to buying and selling of securities, such as listed stocks, OTC stocks, funds, and bonds; and fundamental analysis, techn… Read more