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    Investment - Banking & Investment Services
Good Finance Securities Co., Ltd.

Good Finance Securities Co., Ltd.

6021.TWO
Good Finance Securities Co., Ltd.TW flagTaipei Exchange
38.60
TWD
+0.25
- -
12.05BMarket Cap
Good Finance Securities Co., Ltd.
6021.TWO
(Taipei Exchange)

Recent

price

38.60

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
1.85
1.31
1.63
1.14
2.09
1.87
1.06
1.9
2.11
1.69
2.52
4.43
3.05
3.3
4.03
- -
4.22
Revenue per Share
1.42
-0.79
0.53
0.93
0.34
-0.17
-0.18
0.55
0.64
0.09
0.34
1.05
0.17
0.35
1.43
- -
3.77
Basic EPS, GAAP
-1.2
4.67
-1.18
-1.84
-0.92
4.47
1.74
-2.13
8.27
-3.71
-8.51
-1.93
2.03
-2.13
-6.36
- -
3.27
Free Cash Flow per Basic Share
- -
0.36
- -
0.35
0.7
- -
- -
- -
0.35
1
- -
- -
- -
0.3
0.91
- -
- -
Dividend per Share
13.27
9.08
10.37
15.03
10.35
9.87
9.68
10.22
11.51
10.33
10.44
11.16
10.77
10.87
12.81
- -
15.17
Book Value per Share
14.2
13.19
13.92
14.87
14.29
13.97
13.9
15.03
15.93
14.92
16.02
18.03
14.55
18.54
26.75
- -
31.51
Tangible Book Value per Share
307
307
307
307
307
307
307
307
307
307
307
307
309
307
307
- -
308
Basic Weighted Avg Shares
566
402
500
350
640
575
326
582
647
517
773
1,357
943
1,013
1,238
1,297
1,297
Sales/Revenue/Turnover
15.56
-4.05
1.86
-38.52
17.68
13.52
-39.9
18.66
21.85
-1.47
13.74
28.7
10.04
6.12
17.16
30.69
30.69
Operating Margin (%)
9
10
21
23
17
19
19
15
18
45
44
63
76
87
82
92
92
Depreciation Expense
435
-244
162
284
105
-54
-57
168
197
26
106
321
52
106
438
1,161
1,161
Net Income, GAAP
12.01
- -
15.54
4.53
18.92
- -
- -
14.71
18.01
40.76
16.57
8.88
- -
- -
8.48
- -
3.78
Effective Tax Rate (%)
76.87
-60.58
32.48
81.1
16.43
-9.31
-17.38
28.81
30.38
5.05
13.66
23.65
5.57
10.47
35.42
89.51
89.51
Profit Margin (%)
3,454
2,927
3,242
3,573
3,310
2,987
2,960
3,267
4,206
3,883
4,564
5,447
4,270
5,966
8,091
9,516
9,516
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
18
735
1,052
1,025
1,504
1,591
2,864
2,864
LT Debt
4,356
4,096
4,321
4,618
4,441
4,353
4,331
4,678
4,958
4,642
4,977
5,590
4,560
5,756
8,295
9,766
9,766
Total Equity
1.04
- -
0.12
-1.87
1.22
- -
- -
1.53
2
-0.09
1.46
4.38
- -
- -
1.38
- -
- -
Return on Invested Capital (%)
6.07
- -
3.42
4.82
1.82
- -
- -
3.81
4.89
0.79
2.5
5.64
- -
- -
5.18
- -
14.8
Return on Capital (%)
11.25
-7.11
5.44
7.29
2.7
-1.73
-1.89
5.5
5.9
0.78
3.32
9.69
1.56
3.19
12.06
27
27
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Jun'25
Sep'25
Dec'25
ST Debt
10,701
11,095
11,630
LT Borrowings
2,674
3,174
2,824
LT Finance Leases
47
45
40
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
313
313
313
Market Capitalization
6,360
6,707
7,860

Working Capital

FRC

•

in mil. unless spec.
Jun'25
Sep'25
Dec'25
Total Current Assets
24,036
27,427
29,298
Cash, Cash Equivalents & STI
15,827
18,403
19,065
Accounts Receivable, Net
3,240
3,518
4,048
Inventories
- -
- -
- -
Total Current Liabilities
17,258
18,448
19,782
Payables & Accruals
- -
- -
- -
ST Debt
10,701
11,095
11,630
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
9.63%
16.4%
17.73%
Free Cash Flow
-113.49%
-69.54%
-59.36%
Net Income, GAAP
54.51%
140.05%
164.92%
Sales/Revenue/Turnover
15.55%
15.88%
4.82%
Total Cash Common Dividend
- -
- -
105.36%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
168
310
320
216
1,013
2024
255
349
389
244
1,238
2025
232
319
389
356
1,297

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
-0.13
0.49
0.2
- -
0.35
2024
0.72
0.5
-0.14
- -
1.43
2025
-1.22
0.65
3.02
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
0.3
2024
- -
- -
- -
- -
0.91
2025
- -
- -
- -
- -
- -
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Business
Good Finance Securities Co., Ltd. engages in securities brokerage, commission agency, securities trading, underwriting, and futures brokerage in Taiwan. Its core products and services include securities commission agency and brokerage; securities and bonds dealing; trading of financial instruments related to interest rates and bonds under repurchase or resale agreements; securities underwriting; futures trading agency and brokerage; research and analysis services for securities investment; brokerage of marketable securities on centralized securities exchange markets; securities trading margin purchase and short sales; proprietary securities trading; futures business operations; consignment trading of foreign securities; stock affairs agency; securities investment consulting; and other securities-related services. The company operates through segments including Client Partner, Investment, Investment Bank, Futures, and other business divisions. Founded in 1988 and headquartered in Taipei City, Taiwan, Good Finance Securities Co., Ltd. was formerly known as Ta Ching Securities Co., Ltd. until it changed its name in December 2021. In recent years, the company has focused on launching new financial products targeted at long-term customer interests and expanding its advisory and brokerage service offerings. It has also undertaken strategic operational enhancements to improve profitability and market presence in Taiwan’s securities market. There are no publicly reported major acquisitions or mergers in the past 1-2 years, but the company continues to emphasize product innovation and service diversification within its core securities and futures brokerage business. The company serves a broad range of clients including individual investors, institutional investors, and corporate customers in Taiwan. It operates primarily within the Taiwanese financial market, leveraging its comprehensive suite of securities and futures-related services to capture market opportunities in brokerage, underwriting, proprietary trading, and investment consulting. Good Finance Securities Co., Ltd. employs approximately 348 staff members and remains a significant player in Taiwan’s securities industry, maintaining active engagements in market trading, underwriting, and financial instrument brokerage. It has also maintained stable credit ratings reflecting solid operational results and prudent financial management. Overall, Good Finance Securities Co., Ltd. provides a full range of securities brokerage, underwriting, futures agency, proprietary trading, and financial advisory services primarily across Taiwan, with a strategic emphasis on expanding product lines and enhancing service quality since its rebranding in 2021.