Tachan Securities Co (6020) Fair Value & Analysis
Financial Services · TW · Market cap 5.5B TWD
Fair value as of: Jul 21, 2026
From 23 valuation models · updated 9 days ago
Share price −5.1% over the past month.
What matters now
- The price sits above even our optimistic bull case (8.33 TWD). The favourable scenario is already priced in.
- Solid but not exceptional quality (63/100) and above fair value, neither a clear bargain nor a standout compounder.
- For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Price vs Fair Value (12 months)
12‑month range 17.94 TWD – 25.70 TWD · fair‑value band 5.00 TWD – 8.33 TWD · the 21.55 TWD price screens above the 6.66 TWD fair value. As of Jul 21, 2026.
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Tachan Securities Co (6020) currently trades at 21.55 TWD, while our model-based Fair Value estimate is 6.66 TWD, implying the stock looks roughly 69.1% overvalued today. We read business quality at 63/100 (solid quality), in the Financial Services sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).
Over the trailing twelve months, Tachan Securities Co generated revenue of 417M TWD at a net margin of 63.6%. It earns a return on equity of 5.5%. Net debt stands at 823M TWD. The stock trades on a trailing P/E of 58.5. Fundamentals as of Jul 21, 2026
Our scenario range runs from 5.00 TWD (bear case) to 8.33 TWD (bull case); at 21.55 TWD, the current price sits above that range. The share trades about 18% below its 52-week high and 20% above its 52-week low, currently above its 200-day average. For context, the median of 10 Financial Services peers we cover trades at 10% fair-value upside, at -69%, 6020 screens richer than that median.
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 21, 2026. TTM = trailing twelve months.
Quality Score breakdown
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
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.
Full company description
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 stocks, and bonds; and investment, and wealth management services. In addition, the company engages in underwriting business; investment and trading of emerging stock; and promotion of investment and venture capital business. Further, it offers investment advisory services, including research and analysis opinions or suggestions related to securities investment. Tachan Securities Co., Ltd. was incorporated in 1988 and is headquartered in Taipei, Taiwan.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Tachan Securities Co reported revenue of 246M TWD in FY2025 versus 1.1B TWD in FY2021, a compound −31.9%/yr. Reported net income was 98.9M TWD in FY2025, compounding −41.7%/yr from FY2021.
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Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Capital Markets stocks, each showing price versus our Fair Value estimate (as of Jul 21, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| The Goldman Sachs Group GS | C$52.65 | C$21.26 | -60% |
| Mirae Asset Securities Co 006800 | 51,200 KRW | 36,828 KRW | -28% |
| Meritz Financial Group 138040 | 105,700 KRW | 64,979 KRW | -39% |
| Korea Investment Holdings 071050 | 246,500 KRW | 233,981 KRW | -5% |
| NH Investment & Securities Co 005940 | 30,500 KRW | 37,634 KRW | +23% |
| Samsung Securities Co 016360 | 114,000 KRW | 146,629 KRW | +29% |
| Motilal Oswal Financial Services Limited MOTILALOFS | ₹948.80 | ₹767.34 | -19% |
| Kiwoom Securities Co 039490 | 342,500 KRW | 552,296 KRW | +61% |
| SSI Securities Corporation SSI | 27,200 VND | 29,858 VND | +10% |
| Bolsas y Mercados Argentinos S.A BYMA | 313.75 ARS | 627.50 ARS | +100% |
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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