Yuanta Futures Co (6023) Fair Value & Analysis
Financial Services · TW · Market cap 31.9B TWD
Fair value as of: Jul 21, 2026
From 2 valuation models · updated 19 days ago
Fair value updated Jul 21, 2026, revised from 85.05 TWD to 73.96 TWD (−13.0%) since Jun 26, 2026. Share price −2.1% over the past month.
Below-average quality, and screening another 15% overvalued on our models.
What matters now
- For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
- Our model range runs from 55.47 TWD (bear) to 92.45 TWD (bull), base 73.96 TWD. The closer the price sits to the lower half, the larger the margin of safety.
- Quality 38/100 (below-average quality) with high evidence: the data supports the verdict.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 21, 2026.
How to read this chart
60‑month range 31.04 TWD – 1,343 TWD · fair‑value band 55.47 TWD – 92.45 TWD · the 86.70 TWD price screens above the 73.96 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 21, 2026.
Analysis
Yuanta Futures Co (6023) currently trades at 86.70 TWD, while our model-based Fair Value estimate is 73.96 TWD, implying the stock looks roughly 14.7% overvalued today. The Quality Score stands at 38/100 (below-average 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, Yuanta Futures Co generated revenue of 3.3B TWD at a net margin of 82.4%. Revenue grew 44.0% year over year. It earns a return on equity of 14.0%. The balance sheet holds a net cash position of 9.7B TWD. Fundamentals as of Jul 21, 2026
Our scenario range runs from 55.47 TWD (bear case) to 92.45 TWD (bull case); at 86.70 TWD, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 15% below its 52-week high and 9% above its 52-week low, currently below its 200-day average. For context, the median of 10 Financial Services peers we cover trades at 11% fair-value upside, at -15%, 6023 screens richer than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 2 models by family
Widest divergence: Multiples (44.90 TWD) versus Asset-Based (35.39 TWD). Highest evidence: P/B Multiple (55).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 21, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 37 · Market factors (momentum, volatility) 47
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
Yuanta Futures Co., Ltd., together with its subsidiaries, engages in the futures brokerage business in Taiwan, Asia, Europe, the United States, and internationally. It operates through Brokers and Dealers segments.
Full company description
Yuanta Futures Co., Ltd., together with its subsidiaries, engages in the futures brokerage business in Taiwan, Asia, Europe, the United States, and internationally. It operates through Brokers and Dealers segments. The company offers onshore and offshore futures brokerage, futures dealing, futures consulting, securities dealing, leverage transaction merchant, and other various futures-related services. It also provides information technology services. The company was founded in 1986 and is headquartered in Taipei, Taiwan. Yuanta Futures Co., Ltd. is a subsidiary of Yuanta Financial Holding Co., Ltd.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Yuanta Futures Co reported revenue of 3.8B TWD in FY2025 versus 3.9B TWD in FY2021, a compound −0.7%/yr. Reported net income was 2.7B TWD in FY2025, compounding +32.5%/yr from FY2021.
6023 screens 15% overvalued. Compare with Huatai Securities Co →
Peer Group
Capital Markets · 425 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Capital Markets median · lower = cheaper
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 |
|---|---|---|---|
| Huatai Securities Co HTSC | $0.2700 | $0.0400 | -85% |
| Mirae Asset Securities Co 006800 | 38,750 KRW | 31,645 KRW | -18% |
| Meritz Financial Group 138040 | 117,000 KRW | 87,706 KRW | -25% |
| Korea Investment Holdings 071050 | 239,000 KRW | 318,825 KRW | +33% |
| NH Investment & Securities Co 005940 | 31,000 KRW | 37,133 KRW | +20% |
| Samsung Securities Co 016360 | 107,700 KRW | 126,487 KRW | +17% |
| Motilal Oswal Financial Services Limited MOTILALOFS | ₹967.00 | ₹299.65 | -69% |
| Kiwoom Securities Co 039490 | 322,000 KRW | 358,091 KRW | +11% |
| SSI Securities Corporation SSI | 24,250 VND | 28,021 VND | +16% |
| Bolsas y Mercados Argentinos S.A BYMA | 313.75 ARS | 120.22 ARS | -62% |
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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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