Ta Chan Securities Co. Ltd. stock analysis
Ta Chan Securities Co. Ltd. (6020) Stock Price & Analysis
6020 Stock Chart & Stats
- Day’s Range
- TWD 19.35 - TWD 19.40
- 52-Week Range
- TWD 18.20 - TWD 26.15
- Previous Close
- TWD 19.50
- Volume
- N/A
- Average Volume (3M)
- 19.26K
- Market Cap
- TWD 4.92B
- Enterprise Value
- TWD 6.70B
- Total Cash (Recent Filing)
- TWD 1.58B
- Total Debt (Recent Filing)
- TWD 2.78B
- Price to Earnings (P/E)
- 5.4
- Beta
- 0.35
- Next Earnings
- Mar 15, 2027 (Est.)
- EPS Estimate
- N/A
- Last Dividend Ex-Date
- Mar 26, 2026
- Dividend Yield
- 1.40%
Bulls Say, Bears Say
Bulls Say
High Profitability
Very high margins in most reported years indicate that the securities business can generate substantial earnings when market conditions support client activity. This profitability provides internal funding capacity and a durable operating base, although results remain sensitive to market cycles.
Manageable Leverage
Moderate leverage is a constructive balance-sheet feature for a capital markets firm because it limits financial strain relative to a highly levered structure. The company retains some flexibility to withstand weaker earnings and continue operating through normal industry cycles.
Strong 2025 Cash Flow
Strong operating and free cash flow in 2025 demonstrates that the company can convert favorable earnings into liquidity. When sustained, this supports dividends, investment in the securities platform, and resilience without relying as heavily on external financing.
Bears Say
Cyclical Earnings
The sharp 2022 loss and major revenue swings show that earnings depend heavily on capital-market conditions and client trading activity. This cyclicality makes profitability less predictable, complicates planning, and can materially reduce earnings during weaker market periods.
Uneven Cash Conversion
Volatile operating cash flow means reported profits do not consistently translate into available liquidity. Weak conversion in several periods can constrain distributions and investment, while making the company more exposed to operating volatility even when accounting earnings appear positive.
Lower Recent Returns
Higher leverage combined with low-single-digit recent ROE points to less efficient use of shareholder capital than in stronger prior years. If this persists, the company may have less capacity to compound book value and a smaller cushion when profitability weakens.
6020 FAQ
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Company Description
Ta Chan Securities Co. Ltd.
Established in 1988 and headquartered in Taipei, Taiwan, Tachan Securities Co., Ltd. is a multifaceted financial services provider specializing in securities, investment consulting, and venture capital. The company delivers a broad spectrum of services, including brokerage for various asset classes like listed and over-the-counter stocks, funds, and bonds, alongside proprietary trading, underwriting, and general investment consultation. They equip clients with tools for market analysis, encompassing fundamental and technical assessments, and risk management through setting investment upper limits and stop-loss amounts. Tachan's underwriting division assists enterprises with public offering planning, listing guidance, capital raising, and developing corporate financial strategies. This also extends to the design and issuance of diverse financial products, as well as the planning and execution of corporate mergers and acquisitions. Furthermore, the company offers extensive bond-related services, such as underwriting and trading corporate and short-term bonds, participation in primary market auctions for government bonds, providing over-the-counter market quotes, and offering specialized consultation on bond investments, short-term interest rates, and public bond yields. Finally, its investment advisory arm furnishes clients with research and analytical insights, publishes reports on securities investment, and organizes educational seminars on the subject.
- Sector
- General
- Industry
- Financial - Capital Markets
- CEO
- Chun-Lung Li
- Employees
- 69
- Website
- www.tachan.com.tw
- Address
- No. 17, Chengde Road, Taipei, TPE, 10351, TW
Ta Chan Securities Co. Ltd. (6020) Earnings & Revenues
Technical Analysis
Overall Consensus
| Indicator | Bullish | Neutral | Bearish |
|---|---|---|---|
| Overall Consensus | 3 | 5 | 14 |
| Technical Analysis | 3 | 5 | 2 |
| Moving Averages | 0 | 0 | 12 |

