Reliance Securities Co (6027) Fair Value & Analysis
Financial Services · TW · Market cap 2.0B TWD
Fair value as of: Jul 21, 2026
From 11 valuation models · updated 20 days ago
Share price +4.7% over the past month.
A solid business, screening 45% undervalued on our models.
What matters now
- The price is below even our cautious bear case (13.28 TWD). The market is more pessimistic than our downside scenario.
- Solid quality (57/100) 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 21, 2026.
How to read this chart
60‑month range 3.64 TWD – 14.15 TWD · fair‑value band 13.28 TWD – 22.14 TWD · the 12.20 TWD price screens below the 17.71 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
Reliance Securities Co (6027) currently trades at 12.20 TWD, while our model-based Fair Value estimate is 17.71 TWD, implying the stock looks roughly 45.2% undervalued today. The Quality Score stands at 57/100 (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, Reliance Securities Co generated revenue of 385M TWD at a net margin of 42.1%. It earns a return on equity of 6.4%. The balance sheet holds a net cash position of 41.8M TWD. The stock trades on a trailing P/E of 11.5. Fundamentals as of Jul 21, 2026
Our scenario range runs from 13.28 TWD (bear case) to 22.14 TWD (bull case); at 12.20 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 16% below its 52-week high and 104% 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 45%, 6027 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.
All 11 models by family
Widest divergence: Earnings-Based (36.47 TWD) versus Growth DCF (2.90 TWD). Highest evidence: Growth DCF (72).
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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 54 · Market factors (momentum, volatility) 70
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
Reliance Securities Co.,Ltd. engages in underwriting and trading of securities in Taiwan. It operates through Brokerage Department, Underwriting Department, Proprietary Trading Department, General Management Department, and Other Department segments.
Full company description
Reliance Securities Co.,Ltd. engages in underwriting and trading of securities in Taiwan. It operates through Brokerage Department, Underwriting Department, Proprietary Trading Department, General Management Department, and Other Department segments. The company is involved in securities trading brokerage business; sale of securities; and self-trading business in centralized trading markets or other business premises. It also provides futures trading support, fund distribution, and investment advisory services. The company was founded in 1989 and is headquartered in Taipei, Taiwan. Reliance Securities Co.,Ltd. is a subsidiary of Sheng Yuan Ze Investment Limited Company.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Reliance Securities Co reported revenue of 310M TWD in FY2025 versus 577M TWD in FY2021, a compound −14.4%/yr. Reported net income was 162M TWD in FY2025, compounding −14.7%/yr from FY2021.
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Peer Group
Capital Markets · 423 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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Frequently asked questions
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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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