Grand Fortune Securities Co Ltd
Grand Fortune Securities Co.,Ltd provides securities underwriting and brokerage services in Taiwan. It operates through Brokerage, Underwriting, Proprietary Trading, and Others segments. The company is also involved in proprietary trading, stock registrar, stock affairs agency, and other securities-related business. The company was founded in 1978 and is based in Taipei City, Taiwan.
Grand Fortune Securities Co Ltd (6026) - Net Assets
Latest net assets as of June 2025: NT$5.31 Billion TWD
Based on the latest financial reports, Grand Fortune Securities Co Ltd (6026) has net assets worth NT$5.31 Billion TWD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$12.22 Billion) and total liabilities (NT$6.91 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$5.31 Billion |
| % of Total Assets | 43.46% |
| Annual Growth Rate | 9.22% |
| 5-Year Change | 60.26% |
| 10-Year Change | N/A |
| Growth Volatility | 18.91 |
Grand Fortune Securities Co Ltd - Net Assets Trend (2015–2024)
This chart illustrates how Grand Fortune Securities Co Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Grand Fortune Securities Co Ltd (2015–2024)
The table below shows the annual net assets of Grand Fortune Securities Co Ltd from 2015 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$5.71 Billion | +0.29% |
| 2023-12-31 | NT$5.70 Billion | +19.14% |
| 2022-12-31 | NT$4.78 Billion | -13.31% |
| 2021-12-31 | NT$5.52 Billion | +54.73% |
| 2020-12-31 | NT$3.57 Billion | +3.53% |
| 2019-12-31 | NT$3.44 Billion | +4.73% |
| 2018-12-31 | NT$3.29 Billion | -7.43% |
| 2017-12-31 | NT$3.55 Billion | +13.95% |
| 2016-12-31 | NT$3.12 Billion | +20.62% |
| 2015-12-31 | NT$2.58 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Grand Fortune 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 grown by 123.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$619.86 Million | 10.85% |
| Other Components | NT$5.09 Billion | 89.15% |
| Total Equity | NT$5.71 Billion | 100.00% |
Grand Fortune Securities Co Ltd Competitors by Market Cap
The table below lists competitors of Grand Fortune Securities Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Nex Point Public Company Limited
BK:NEX
|
$132.97 Million |
|
AC Immune Ltd
NASDAQ:ACIU
|
$133.04 Million |
|
7707
TWO:7707
|
$133.06 Million |
|
SKYX Platforms Corp
NASDAQ:SKYX
|
$133.08 Million |
|
Duopharma Biotech Bhd
KLSE:7148
|
$132.90 Million |
|
Mokingran Jewellery Group Co., Ltd.
F:0HY
|
$132.90 Million |
|
Varia US Properties AG
LSE:0RKW
|
$132.88 Million |
|
Acme United Corporation
NYSE MKT:ACU
|
$132.86 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Grand Fortune Securities Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 5,697,716,000 to 5,714,043,000, a change of 16,327,000 (0.3%).
- Net income of 437,893,000 contributed positively to equity growth.
- Dividend payments of 507,087,000 reduced retained earnings.
- Other factors increased equity by 85,521,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$437.89 Million | +7.66% |
| Dividends Paid | NT$507.09 Million | -8.87% |
| Other Changes | NT$85.52 Million | +1.5% |
| Total Change | NT$- | 0.29% |
Book Value vs Market Value Analysis
This analysis compares Grand Fortune 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: 1.00x
- 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 1.15x to 1.00x 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$12.59 | NT$14.45 | x |
| 2018-12-31 | NT$11.50 | NT$14.45 | x |
| 2019-12-31 | NT$12.26 | NT$14.45 | x |
| 2020-12-31 | NT$12.62 | NT$14.45 | x |
| 2021-12-31 | NT$17.14 | NT$14.45 | x |
| 2022-12-31 | NT$12.52 | NT$14.45 | x |
| 2023-12-31 | NT$14.38 | NT$14.45 | x |
| 2024-12-31 | NT$14.42 | NT$14.45 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Grand Fortune Securities Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 7.66%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 31.42%
- • Asset Turnover: 0.11x
- • Equity Multiplier: 2.18x
- Recent ROE (7.66%) is below the historical average (8.22%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 5.15% | 36.82% | 0.10x | 1.38x | NT$-125.35 Million |
| 2016 | 4.39% | 40.44% | 0.07x | 1.48x | NT$-154.30 Million |
| 2017 | 15.31% | 58.62% | 0.17x | 1.50x | NT$167.59 Million |
| 2018 | 1.29% | 9.28% | 0.08x | 1.67x | NT$-252.26 Million |
| 2019 | 7.85% | 51.97% | 0.09x | 1.73x | NT$-67.05 Million |
| 2020 | 7.96% | 45.57% | 0.08x | 2.26x | NT$-65.81 Million |
| 2021 | 27.44% | 90.90% | 0.11x | 2.67x | NT$897.19 Million |
| 2022 | -5.84% | -26.79% | 0.09x | 2.35x | NT$-717.53 Million |
| 2023 | 10.98% | 55.28% | 0.09x | 2.27x | NT$55.83 Million |
| 2024 | 7.66% | 31.42% | 0.11x | 2.18x | NT$-133.51 Million |
Industry Comparison
This section compares Grand Fortune 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: $11,101,662,667
- Average return on equity (ROE) among peers: 6.71%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Grand Fortune Securities Co Ltd (6026) | NT$5.31 Billion | 5.15% | 1.30x | $132.94 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 |
| Capital Futures Corp (6024) | $6.27 Billion | 7.81% | 6.43x | $171.88 Million |