Golden Insurance Brokers Co (6028) Fair Value & Analysis
Financial Services · TW · Market cap 2.0B TWD
Fair value as of: Jul 23, 2026
From 6 valuation models · updated 18 days ago
Share price +7.7% over the past month.
A solid business, screening 62% undervalued on our models.
What matters now
- The price is below even our cautious bear case (103.71 TWD). The market is more pessimistic than our downside scenario.
- Solid quality (56/100) 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 29.26 TWD – 132.81 TWD · fair‑value band 103.71 TWD – 172.84 TWD · the 85.30 TWD price screens below the 138.27 TWD fair value. Dashed = 300-day average. As of Jul 23, 2026.
Analysis
Golden Insurance Brokers Co (6028) currently trades at 85.30 TWD, while our model-based Fair Value estimate is 138.27 TWD, implying the stock looks roughly 62.1% undervalued today. The Quality Score stands at 56/100 (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, Golden Insurance Brokers Co generated revenue of 4.9B TWD at a net margin of 3.3%. Revenue grew 11.7% year over year. It earns a return on equity of 22.3%. The balance sheet holds a net cash position of 393M TWD. Fundamentals as of Jul 23, 2026
Our scenario range runs from 103.71 TWD (bear case) to 172.84 TWD (bull case); at 85.30 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 36% below its 52-week high and 12% above its 52-week low, currently below its 200-day average. For context, the median of 10 Financial Services peers we cover trades at -38% fair-value upside, at 62%, 6028 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 6 models by family
Widest divergence: Dividend Discount (96.79 TWD) versus Asset-Based (17.37 TWD). Highest evidence: Residual Income (76).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 23, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 58 · Market factors (momentum, volatility) 36
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
Golden Insurance Brokers Co.,Ltd. provides life and property insurance brokerage services primarily in Taiwan. The company offers investment consulting, management consulting, and intermediary services. It also provides online insurance; insurance planning platform; and accident insurance recommendation platform solutions.
Full company description
Golden Insurance Brokers Co.,Ltd. provides life and property insurance brokerage services primarily in Taiwan. The company offers investment consulting, management consulting, and intermediary services. It also provides online insurance; insurance planning platform; and accident insurance recommendation platform solutions. The company was founded in 1982 and is based in Kaohsiung, Taiwan.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Golden Insurance Brokers Co reported revenue of 4.7B TWD in FY2025 versus 2.3B TWD in FY2021, a compound +20.3%/yr. Reported net income was 173M TWD in FY2025, compounding +20.8%/yr from FY2021.
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Peer Group
Insurance Brokers · 35 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 Insurance Brokers 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 Insurance Brokers stocks, each showing price versus our Fair Value estimate (as of Jul 23, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Marsh & McLennan Companies, Inc MRSH | $182.18 | $112.25 | -38% |
| Aon plc AON | $367.21 | $224.91 | -39% |
| Arthur J. Gallagher & Co AJG | $253.09 | $75.58 | -70% |
| Willis Towers Watson Public Limited WTW | $285.12 | $220.92 | -23% |
| Brown & Brown, Inc BRO | $67.66 | $40.43 | -40% |
| Erie Indemnity Company ERIE | $227.31 | $157.43 | -31% |
| PB Fintech Limited POLICYBZR | ₹1,574 | ₹188.49 | -88% |
| Neptune Insurance Holdings NP | $31.03 | $3.52 | -89% |
| CorVel Corporation CRVL | $62.29 | $47.59 | -24% |
| Accelerant Holdings ARX | $13.52 | $18.06 | +34% |
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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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