Concord International Securities Co., Ltd AI Stock Analysis
Concord International Securities Co., Ltd (5864) AI Stock Analysis
Concord International Securities Co., Ltd
(TPEx:5864)
Concord International Securities scores moderately. Strengths are record 2025 revenue and profit, outstanding margins, a conservatively funded balance sheet with equity covering two-thirds of assets, and a strikingly low P/E of 2.48 with a 1.72% dividend yield. These are offset by weak earnings quality — operating cash flow converts less than 20% of net income and has been negative in four of six years — highly cyclical results including a 2022 loss, and a sharp rise in debt to NT$2.40 billion. Technicals are the biggest near-term drag: the price sits below all key moving averages with a negative MACD, and although deeply oversold readings hint at a possible bounce, the prevailing trend and high beta of 1.59 add risk.
Concord International Securities Co., Ltd (5864) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- TWD 15.84B
- Dividend Yield
- 1.59%
- Average Volume (3M)
- 2.70M
- Price to Earnings (P/E)
- 2.6
- Beta (1Y)
- 1.61
- Revenue Growth
- ―
- EPS Growth
- ―
- Country
- TW
- Employees
- 213
- Sector
- General
- Sector Strength
- 55
- Industry
- Investment - Banking & Investment Services
Concord International Securities Co., Ltd Business Overview & Revenue Model
Company Description
Established in 1978, Concord International Securities Co., Ltd is a financial institution based in Tainan City, Taiwan. It specializes in offering securities brokerage and underwriting services. Furthermore, the company is involved in the trading of...
Concord International Securities Co., Ltd Financial Statement Overview
Summary
Record 2025 results drive a solid but uneven picture. Revenue nearly doubled to about NT$1.42 billion and net income rose roughly 69% to NT$1.16 billion, with exceptional margins (gross ~96%, operating ~84%, net ~81%) typical of a securities firm (Income Statement: 80). The balance sheet is conservative, with equity of about NT$8.16 billion funding roughly two-thirds of NT$12.46 billion in assets and ROE improving to ~14%, though debt jumped from NT$410 million to NT$2.40 billion, lifting debt-to-equity to 0.29 (Balance Sheet: 77). Cash flow is the clear weakness: operating cash flow of about NT$225 million covers under 20% of reported profit, free cash flow is thin at ~NT$133 million, and operating cash flow was negative in four of the past six years, showing earnings are largely investment and mark-to-market driven (Cash Flow: 38). Earnings are also cyclical, including a net loss in 2022.
Income Statement
80PositiveBalance Sheet
77PositiveCash Flow
38Negative| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 6.12B | 1.42B | 717.88M | 495.23M | 553.53M | 678.01M |
| Gross Profit | 6.06B | 1.37B | 698.67M | 479.43M | 539.61M | 653.34M |
| EBITDA | 6.43B | 1.21B | 757.14M | 918.00M | -160.09M | 770.38M |
| Net Income | 6.30B | 1.16B | 688.22M | 875.98M | -224.66M | 703.02M |
Balance Sheet | ||||||
| Total Assets | 19.40B | 12.46B | 8.75B | 7.63B | 5.53B | 8.40B |
| Cash, Cash Equivalents and Short-Term Investments | 246.09M | 176.89M | 4.62B | 3.43B | 2.06B | 2.85B |
| Total Debt | 3.18B | 2.40B | 409.74M | 778.39M | 350.04M | 1.54B |
| Total Liabilities | 6.50B | 4.29B | 1.51B | 1.97B | 1.24B | 3.67B |
| Stockholders Equity | 12.90B | 8.16B | 7.24B | 5.66B | 4.29B | 4.73B |
Cash Flow | ||||||
| Free Cash Flow | -1.41B | 132.97M | -573.60M | -880.58M | 1.35B | -544.98M |
| Operating Cash Flow | -1.38B | 225.18M | -567.58M | -863.70M | 1.36B | -528.39M |
| Investing Cash Flow | -1.36B | -2.11B | -5.17M | -15.13M | -9.23M | -19.23M |
| Financing Cash Flow | 2.72B | 1.82B | 598.75M | 844.30M | -1.34B | 555.22M |
Concord International Securities Co., Ltd Peers Comparison
Overall Rating
TW:602173Outperform
TW:602472Outperform
TW:601669Neutral- TW:586465Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| TW:6021 | 73Outperform | TWD 15.66B | 4.62 | ― | 3.89% | 425.42% | ― |
| TW:6024 | 72Outperform | TWD 14.93B | 7.92 | ― | 4.98% | 28.69% | 36.92% |
| TW:6016 | 69Neutral | TWD 14.98B | 3.30 | ― | 0.79% | 326.63% | 376.35% |
| TW:5864 | 65Neutral | TWD 15.54B | 2.55 | ― | 1.59% | ― | ― |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TW:5864 | Concord International Securities Co., Ltd | 31.40 | 16.92 | 116.84% | |
| TW:6016 | Concord Securities Co., Ltd. | 19.55 | 8.16 | 71.60% | |
| TW:6021 | Good Finance Securities Co Ltd | 51.40 | 25.21 | 96.24% | |
| TW:6024 | Capital Futures Corp. | 56.20 | 11.43 | 25.52% |
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Nov 09, 2026