Grand Fortune Securities Co. Ltd. (6026) AI Stock Analysis

Grand Fortune Securities Co. Ltd.

(TPEx:6026)

Select Model

Rating:70Outperform

Price Target:TWD 16.50▲(6.45% Upside)

Action:initiatedcoverage

Date:11/09/26

Strong financial performance in profitability and balance sheet, along with highly attractive valuation from low P/E and high yield, are the primary drivers; short-term technical momentum provides a modest offset.

Positive Factors

Strong Recent ProfitabilityThe latest period shows substantial earnings power and healthy revenue expansion, indicating that the securities business is currently capturing profitable activity. If sustained, this stronger operating base can support reinvestment, shareholder returns, and greater resilience across the next several quarters.

Negative Factors

Weak Operating Cash ConversionOperating cash flow is very small relative to reported earnings, indicating that current profitability is not translating efficiently into cash. Persistent weak conversion could constrain distributions, reduce funding flexibility, and make reported earnings less dependable as a measure of financial strength.

Grand Fortune Securities Co. Ltd. (6026) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 6.12B
Dividend Yield: 8.80%
Average Volume (3M): 1.04M
Price to Earnings (P/E): 3.9
Beta (1Y): 0.62
Revenue Growth: 104.45%
EPS Growth: 396.63%
Country: TW
Employees: 160
Sector: General
Sector Strength: 55
Industry: Financial - Capital Markets

Grand Fortune Securities Co. Ltd. Business Overview & Revenue Model

Company Description

Grand Fortune Securities Co.,Ltd, headquartered in Taipei City, Taiwan, provides a comprehensive suite of financial services within the Taiwanese market. Its primary operations encompass facilitating securities underwriting and offering brokerage ser...

Grand Fortune Securities Co. Ltd. Financial Statement Overview

Summary

Strong TTM profitability with 85% net margin and revenue growth, healthy ROE of 25%, and improved leverage, offset by weak cash flow conversion and volatility.

Income Statement

82Very Positive

Balance Sheet

76Positive

Cash Flow

42Neutral

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	1.85B	1.14B	1.39B	1.13B	988.00M	1.55B
Gross Profit	1.72B	1.10B	1.38B	1.12B	983.33M	1.55B
EBITDA	1.81B	787.67M	672.43M	848.88M	-112.13M	1.69B
Net Income	1.57B	682.97M	437.89M	625.60M	-264.66M	1.41B
Balance Sheet
Total Assets	15.73B	14.82B	12.45B	12.92B	10.66B	13.72B
Cash, Cash Equivalents and Short-Term Investments	8.22B	9.25B	7.89B	8.16B	7.72B	10.11B
Total Debt	5.90B	6.39B	4.84B	5.11B	4.70B	6.58B
Total Liabilities	8.63B	8.71B	6.74B	7.23B	5.88B	8.20B
Stockholders Equity	7.10B	6.11B	5.71B	5.70B	4.53B	5.14B
Cash Flow
Free Cash Flow	151.16M	436.75M	1.06B	-750.60M	955.70M	-187.08M
Operating Cash Flow	176.33M	464.51M	1.07B	-742.07M	980.56M	-179.30M
Investing Cash Flow	58.53M	8.91M	56.18M	-260.54M	-77.94M	-5.74M
Financing Cash Flow	-449.25M	-547.21M	-908.98M	456.76M	-565.15M	319.48M

Grand Fortune Securities Co. Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:6026 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:6763	73Outperform	TWD 6.61B	8.64	―	8.49%	10.75%	-51.48%
TW:6026	70Outperform	TWD 6.08B	3.94	―	8.80%	104.45%	396.63%
TW:6015	61Neutral	TWD 6.13B	3.62	―	3.56%	89.73%	1994.47%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:6762	45Neutral	TWD 5.43B	326.79	―	0.34%	-3.30%	-69.37%

* General Sector Average

Performance Comparison

TW:6026 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:6026	Grand Fortune Securities Co. Ltd.	15.50	4.31	38.50%
TW:01001T	Fubon No.1 Real Estate Investment Trust	10.86	-1.02	-8.60%
TW:6015	Horizon Securities Co., Ltd.	15.45	5.13	49.78%
TW:6762	Delta Asia International Corporation	146.50	-39.64	-21.29%
TW:6763	Green World Fintech Service Co., Ltd.	35.35	-21.97	-38.33%
TW:7777	ABICO Asia Capital Corp.	29.45	6.43	27.93%

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 09, 2026

Grand Fortune Securities Co. Ltd. AI Stock Analysis