Grand Fortune Securities Co (6026) Fair Value & Analysis

Financial Services · TW · Market cap 5.7B TWD

A solid business, screening 55% undervalued on our models.

What matters now

• The price is below even our cautious bear case (16.21 TWD). The market is more pessimistic than our downside scenario.
• Solid quality (54/100) at a price below fair value, the discount is the argument here, not the business quality.
• 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 (5 years)

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 23, 2026.

How to read this chart

60‑month range 5.75 TWD – 17.70 TWD · fair‑value band 16.21 TWD – 27.01 TWD · the 13.90 TWD price screens below the 21.61 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 23, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

Grand Fortune Securities Co (6026) currently trades at 13.90 TWD, while our model-based Fair Value estimate is 21.61 TWD, implying the stock looks roughly 55.5% undervalued today. The Quality Score stands at 54/100 (solid quality), in the Financial Services sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Grand Fortune Securities Co generated revenue of 1.1B TWD at a net margin of 59.8%. Revenue grew 37.6% year over year. It earns a return on equity of 12.2%. Net debt stands at 5.7B TWD. Fundamentals as of Jul 23, 2026

Our scenario range runs from 16.21 TWD (bear case) to 27.01 TWD (bull case); at 13.90 TWD, the current price sits below 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 29% below its 52-week high and 30% above its 52-week low, currently above its 200-day average. For context, the median of 10 Financial Services peers we cover trades at 11% fair-value upside, at 55%, 6026 screens cheaper 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.

Widest divergence: DCF Models (30.38 TWD) versus Asset-Based (10.34 TWD). Highest evidence: Residual Income (76).

Key figures & financial health

Quality Score breakdown

About the company

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.

Full company description

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 government bonds/corporate bonds/convertible bonds. In addition, it is also involved in securities and investment advisory, management advisory, general investment, and venture capital activities. The company was founded in 1978 and is based in Taipei City, Taiwan.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Grand Fortune Securities Co reported revenue of 1.1B TWD in FY2025 versus 1.6B TWD in FY2021, a compound −9.3%/yr. Reported net income was 683M TWD in FY2025, compounding −16.6%/yr from FY2021.

Watch 6026: get an alert when its fair value changes →

Peer Group

Capital Markets · 424 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 23, 2026).

Explore undervalued stocks

More undervalued Financial Services stocks →

Frequently asked questions

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.