Grand Fortune Securities Co Ltd (6026) - Net Assets
Based on the latest financial reports, Grand Fortune Securities Co Ltd (6026) has net assets worth NT$6.11 Billion TWD (≈ $192.65 Million 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$14.82 Billion ≈ $466.96 Million USD) and total liabilities (NT$8.71 Billion ≈ $274.31 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 6026 PP&E to net assets ratio to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$6.11 Billion |
| % of Total Assets | 41.26% |
| Annual Growth Rate | 8.99% |
| 5-Year Change | 10.84% |
| 10-Year Change | 96.19% |
| Growth Volatility | 17.98 |
Grand Fortune Securities Co Ltd - Net Assets Trend (2015–2025)
This chart illustrates how Grand Fortune Securities Co Ltd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see 6026 market cap.
Annual Net Assets for Grand Fortune Securities Co Ltd (2015–2025)
The table below shows the annual net assets of Grand Fortune Securities Co Ltd from 2015 to 2025. Also explore 6026 net assets growth trend to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$6.11 Billion ≈ $192.65 Million |
+7.02% |
| 2024-12-31 | NT$5.71 Billion ≈ $180.02 Million |
+0.29% |
| 2023-12-31 | NT$5.70 Billion ≈ $179.51 Million |
+19.14% |
| 2022-12-31 | NT$4.78 Billion ≈ $150.67 Million |
-13.31% |
| 2021-12-31 | NT$5.52 Billion ≈ $173.81 Million |
+54.73% |
| 2020-12-31 | NT$3.57 Billion ≈ $112.33 Million |
+3.53% |
| 2019-12-31 | NT$3.44 Billion ≈ $108.49 Million |
+4.73% |
| 2018-12-31 | NT$3.29 Billion ≈ $103.59 Million |
-7.43% |
| 2017-12-31 | NT$3.55 Billion ≈ $111.90 Million |
+13.95% |
| 2016-12-31 | NT$3.12 Billion ≈ $98.20 Million |
+20.62% |
| 2015-12-31 | NT$2.58 Billion ≈ $81.41 Million |
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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 177.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$770.98 Million | 12.61% |
| Other Components | NT$5.34 Billion | 87.39% |
| Total Equity | NT$6.11 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 |
|---|---|
|
Security National Financial
NASDAQ:SNFCA
|
$193.47 Million |
|
Yuan High-Tech Development Co Ltd
TWO:5474
|
$193.52 Million |
|
Nextgreen Global Bhd
KLSE:7241
|
$193.54 Million |
|
Centratama Telekomunikasi Ind
JK:CENT
|
$193.69 Million |
|
Eaton Vance Municipal Income Term Closed Fund
NYSE:ETX
|
$193.41 Million |
|
Conduent Inc
NASDAQ:CNDT
|
$193.39 Million |
|
Petrus Resources Ltd
TO:PRQ
|
$193.34 Million |
|
Iron Force Industrial Co Ltd
TW:2228
|
$193.29 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 2024 to 2025, total equity changed from 5,714,043,000 to 6,114,912,000, a change of 400,869,000 (7.0%).
- Net income of 682,970,000 contributed positively to equity growth.
- Dividend payments of 435,232,000 reduced retained earnings.
- Other factors increased equity by 153,131,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$682.97 Million | +11.17% |
| Dividends Paid | NT$435.23 Million | -7.12% |
| Other Changes | NT$153.13 Million | +2.5% |
| Total Change | NT$- | 7.02% |
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 1.23x 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$15.50 | x |
| 2018-12-31 | NT$11.50 | NT$15.50 | x |
| 2019-12-31 | NT$12.26 | NT$15.50 | x |
| 2020-12-31 | NT$12.62 | NT$15.50 | x |
| 2021-12-31 | NT$17.14 | NT$15.50 | x |
| 2022-12-31 | NT$12.52 | NT$15.50 | x |
| 2023-12-31 | NT$14.38 | NT$15.50 | x |
| 2024-12-31 | NT$14.42 | NT$15.50 | x |
| 2025-12-31 | NT$15.44 | NT$15.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Grand Fortune Securities Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 11.17%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 64.96%
- • Asset Turnover: 0.07x
- • Equity Multiplier: 2.42x
- Recent ROE (11.17%) is above the historical average (8.49%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 5.15% | 36.82% | 0.10x | 1.38x | NT$-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 |
| 2025 | 11.17% | 64.96% | 0.07x | 2.42x | NT$71.48 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: $15,200,010,200
- Average return on equity (ROE) among peers: 7.01%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Grand Fortune Securities Co Ltd (6026) | NT$6.11 Billion | 5.15% | 1.42x | $193.46 Million |
| China Bills Finance Corp (2820) | $20.95 Billion | 6.69% | 7.99x | $738.32 Million |
| President Securities Corp (2855) | $25.43 Billion | 10.30% | 2.39x | $2.65 Billion |
| IBF Financial Holdings Co Ltd (2889) | $31.91 Billion | 4.55% | 5.36x | $2.00 Billion |
| Concord International Securities Co Ltd (5864) | $4.73 Billion | 14.88% | 0.78x | $499.02 Million |
| Capital Securities Corp (6005) | $38.69 Billion | 2.17% | 3.95x | $2.14 Billion |
| Horizon Securities Co Ltd (6015) | $3.99 Billion | 6.83% | 1.49x | $214.05 Million |
| Concord Securities Co Ltd (6016) | $11.29 Billion | 12.07% | 3.71x | $557.28 Million |
| Tachan Securities Co Ltd (6020) | $3.67 Billion | -0.04% | 0.23x | $163.38 Million |
| Good Finance Securities Co Ltd (6021) | $4.56 Billion | 1.15% | 1.63x | $443.33 Million |
| Yuanta Futures Co Ltd (6023) | $6.78 Billion | 11.47% | 7.39x | $1.27 Billion |
About Grand Fortune Securities Co Ltd
Grand Fortune Securities Co.,Ltd provides securities underwriting and brokerage services in Taiwan. The company operates through Brokerage, Underwriting, Self-Operated, and Others segments. It offers IPO, SPO, financial advisory, and stock agency services. The company also provides corporate bonds, government bonds, convertible bonds, arbitrage trading services, and conditional trading of governm… Read more