Yuanta Futures Co., Ltd. (6023) AI Stock Analysis

Yuanta Futures Co., Ltd.

(TPEx:6023)

Select Model

Rating:74Outperform

Price Target:TWD 89.00▲(13.09% Upside)

Action:initiatedcoverage

Date:11/10/26

Strong financial performance and attractive valuation are the primary strengths. These are offset by weak technical momentum, with the share price below all listed moving averages despite oversold conditions.

Positive Factors

Improving ProfitabilityThe substantial rise in net margin and net income indicates stronger earnings capacity and effective conversion of business activity into profit. If maintained, this profitability can support investment, dividends, and resilience through changing capital-markets conditions over the next several quarters.

Negative Factors

Uneven Revenue GrowthThe uneven revenue trajectory shows that top-line growth has not yet developed into a consistently stable trend. For a futures brokerage, this can make future earnings more dependent on changes in client activity and market conditions, limiting visibility over sustained expansion.

Yuanta Futures Co., Ltd. (6023) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 25.15B
Dividend Yield: 5.08%
Average Volume (3M): 626.80K
Price to Earnings (P/E): 9.5
Beta (1Y): 0.13
Revenue Growth: 20.43%
EPS Growth: 16.61%
Country: TW
Employees: 449
Sector: General
Sector Strength: 55
Industry: Financial - Capital Markets

Yuanta Futures Co., Ltd. Business Overview & Revenue Model

Company Description

Yuanta Futures Co., Ltd. is a financial services provider that specializes in a broad spectrum of domestic and international futures activities. This encompasses brokerage services for futures, proprietary futures trading, and futures advisory. The c...

Yuanta Futures Co., Ltd. Financial Statement Overview

Summary

Strong profitability, conservative leverage, improving equity, and substantial cash generation support the score. Lower gross margins, inconsistent revenue trends, and declining free cash flow limit the rating.

Income Statement

78Positive

Balance Sheet

86Very Positive

Cash Flow

82Very Positive

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	4.29B	3.84B	4.04B	3.53B	3.91B	3.89B
Gross Profit	1.03B	958.85M	1.97B	1.81B	1.80B	1.82B
EBITDA	3.87B	3.46B	3.60B	2.94B	1.72B	1.20B
Net Income	2.90B	2.66B	2.17B	1.85B	1.15B	860.28M
Balance Sheet
Total Assets	315.53B	184.60B	164.22B	112.64B	112.36B	97.98B
Cash, Cash Equivalents and Short-Term Investments	23.92B	15.74B	13.30B	12.10B	10.71B	10.40B
Total Debt	7.57B	1.60B	1.58B	1.58B	1.64B	1.67B
Total Liabilities	295.55B	165.17B	148.30B	98.12B	99.48B	85.63B
Stockholders Equity	19.98B	19.44B	15.92B	14.51B	12.87B	12.35B
Cash Flow
Free Cash Flow	3.49B	2.68B	2.01B	1.48B	1.13B	1.48B
Operating Cash Flow	3.70B	2.92B	2.24B	1.62B	1.21B	1.69B
Investing Cash Flow	-1.65B	-3.01B	-178.16M	718.32M	-150.57M	-191.50M
Financing Cash Flow	5.94B	621.47M	-1.51B	-776.74M	-721.66M	632.26M

Yuanta Futures Co., Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:6023 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:6023	74Outperform	TWD 35.30B	9.49	―	5.08%	20.43%	16.61%
TW:2820	63Neutral	TWD 21.82B	9.19	―	5.50%	16.26%	40.64%
TW:2849	63Neutral	TWD 28.48B	14.95	―	3.46%	9.63%	40.11%
TW:9941	59Neutral	TWD 42.69B	9.40	―	6.06%	-1.02%	8.05%
TW:2836	57Neutral	TWD 21.46B	15.26	―	3.43%	2.92%	26.83%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:2897	52Neutral	TWD 28.84B	12.26	―	5.05%	―	20.11%

* General Sector Average

Performance Comparison

TW:6023 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:6023	Yuanta Futures Co., Ltd.	78.70	2.26	2.96%
TW:2820	China Bills Finance Corporation	16.35	0.64	4.07%
TW:2836	Bank of Kaohsiung Co., Ltd.	11.65	0.04	0.34%
TW:2849	Entie Commercial Bank	14.75	2.01	15.78%
TW:2897	O-Bank Co. Ltd.	10.30	1.62	18.70%
TW:9941	Taiwan Acceptance Corporation	72.30	-16.14	-18.25%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

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 10, 2026

Yuanta Futures Co., Ltd. AI Stock Analysis