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← CockpitCompetitor Analysis › 6023.TWO Yuanta Futures Co., Ltd.Open in the cockpit ↗

Yuanta Futures Co., Ltd.6023.TWOCompetitor analysis, valuation and peers

Taiwan · TWD·Financials›Investment Banks/Brokers

Futures brokerage subsidiary of Yuanta Financial Holdings, Taiwan's largest futures broker by volume.

≈ Taiwan's StoneX-like futures brokerMomentum strong 62
Mkt cap
$1.07B
US dollars, full cap
Free float
43%
of shares outstanding
$/day
$1.22M
20-day average traded
Fwd P/E
n/m
no positive forecast
ROIC−WACC
n/a
WACC 5.0%
Hurdle
n/a
no reverse DCF
Close · TWDNT$79.10
1D-1.1%
1W-4.1%
1M-6.2%
3M-5.4%
6M-9.0%
YTD-6.7%
1Y+4.9%
ATR %1.9%
52w lowhigh14.6% off high

What Yuanta Futures does

Futures brokerage subsidiary of Yuanta Financial Holdings, Taiwan's largest futures broker by volume.

Earns a commission on each contract customers trade, plus interest on client margin deposits, so trading volume carries results more than market direction. Taiwan index futures and options draw the most retail and institutional activity. Part of Yuanta Financial Holdings, which feeds it customers.

In one line: Taiwan's StoneX-like futures broker.

Products and services

  • Futures brokerage
  • Options brokerage
  • Proprietary trading

Customers

  • Retail futures traders
  • Institutional/hedging clients

Where it sits in the supply chain

  • Financial services
  • Derivatives markets
  • Futures brokerage

What could go right

  • Retail futures/derivatives trading growth in Taiwan

What could go wrong

  • Trading volume cyclicality
  • Margin/commission compression

Moat: narrow (scale, distribution, brand). Leverages Yuanta Financial Holding's distribution network to lead Taiwan futures brokerage volume.

Headquarters: Taipei, Taiwan · Employees: 452

Named competitors

  • Capital Futures 6005.TW
  • Grand Cathay Futures private or unlisted
  • Fubon Futures private or unlisted

Yuanta Futures at a glance

Size Yuanta Futures (6023.TWO) is a Taiwan Financials company (Investment Banks/Brokers) with a market value of $1.07B, the 259th largest of 687 Taiwan companies the cockpit tracks. Shares closed at NT$79.10 on 6 Nov 2026.

Performance Over six months the shares fell 9.0%, against -11.2% for the median peer and -3.4% for the Taiwan market (cap-weighted) — 11th highest of 21 in its peer set.

Growth Revenue grew 10.3% over the last twelve months (peer median +16.0%); the operating margin is -22.0% (peer median 33.1%).

Relative performance

909510010511 May 202611 Aug 20266 Nov 20266023.TWO 91Peer median 90
Six months, rebased to 100: Yuanta Futures against the median of its 20 peers (local-currency closes).

Yuanta Futures financials

Reported figures in TWD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueNT$4.29BNT$3.84BNT$3.95BNT$3.44BNT$3.99B
Revenue growth—-3%+15%-14%—
Gross profitNT$1.26BNT$1.16BNT$1.00BNT$1.07BNT$1.58B
EBITDA-NT$710M-NT$650M-NT$576M-NT$214MNT$408M
Net incomeNT$2.90BNT$2.66BNT$2.17BNT$1.85BNT$1.15B
Free cash flowNT$3.49BNT$2.68BNT$2.60BNT$1.86BNT$1.18B
Capital expenditureNT$539MNT$571MNT$248MNT$138MNT$82.8M
Total debtNT$7.57BNT$1.60BNT$1.58BNT$1.58BNT$1.64B

Quarterly statements and history in the cockpit →

Yuanta Futures competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-40%-20%0%+20%-20%-10%0%CFGOLDGPWIEXFLOW8511JMFINANCIL8616IIFLCAPS0863OPY002961023590EDELWEISS21271428JSWHL003540860960806023.TWO6-month return →1-month return →
Up and to the right = strong over both horizons. Yuanta Futures is the large dot.

Yuanta Futures competitors and peer comparison

Head to head with its named competitors (6023.TWO vs 6005.TW)
CompanyMarket cap6M returnRevenue growthOp. marginEV / SalesReq g
Yuanta Futures 6023.TWO$1.07B-9%+10%-22%n/an/a
Capital Securities 6005.TW$2.04B-7%+81%46%n/an/a

How Yuanta Futures compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Yuanta Futures against its 20 peers (data as of 6 Nov 2026)
Measure6023.TWOPeer medianRank in peer set
1-month return-6.2%-6.1%11th highest of 21
6-month return-9.0%-11.2%11th highest of 21
Distance from 52-week high-14.6%-26.9%5th highest of 21
Revenue growth (TTM)+10.3%+16.0%7th lowest of 21
Operating margin-22.0%33.1%lowest of 21

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginEV / SalesReq gDelivered g
Yuanta Futures 6023.TWOTaiwan$1.07B-9%+10%-22%n/an/an/a
Canaccord Genuity CF.TOCanada$1.08B+17%+32%12%n/an/an/a
Gold.com GOLDUnited States$1.09B-17%+132%1%n/an/an/a
Gielda Papierow Wartosciowych w Warszawie GPW.WAPoland$1.04B+19%+22%34%n/an/an/a
Indian Energy Exchange IEX.NSIndia$1.03B-18%+13%80%n/an/an/a
Flow Traders FLOW.ASNetherlands$1.13B-20%-4%43%n/an/an/a
Japan Securities Finance 8511.TJapan$1.02B-6%+73%82%n/an/an/a
JM Financial JMFINANCIL.NSIndia$1.13B-22%+1%32%n/an/an/a
Tokai Tokyo Financial 8616.TJapan$1.14B+2%+16%18%n/an/an/a
IIFL Capital Services IIFLCAPS.NSIndia$1.17B0%+8%25%n/an/an/a
OSL 0863.HKHong Kong$1.19B-20%+12,274%-2%n/an/an/a
Oppenheimer OPYUnited States$963M-5%+14%12%n/an/an/a
Ruida Futures 002961.SZChina$1.22B-21%-51%82%n/an/an/a
DAOU TECHNOLOGY 023590.KSSouth Korea$919M-35%+134%6%n/an/an/a
Edelweiss Financial Services EDELWEISS.NSIndia$1.28B+6%+16%11%n/an/an/a
Nihon M&A Center 2127.TJapan$1.28B-7%+5%36%n/an/an/a
Bright Smart Securities & Commodities 1428.HKHong Kong$1.28B-51%-2%67%n/an/an/a
JSW JSWHL.NSIndia$1.29B-16%+55%94%n/an/an/a
Daishin Securities 003540.KSSouth Korea$868M-44%+44%53%n/an/an/a
Okasan Securities 8609.TJapan$1.33B+5%+36%29%n/an/an/a
M&A Capital Partners 6080.TJapan$855M+32%+12%38%n/an/an/a

Questions

Who are Yuanta Futures's main competitors?
Named competitors: Capital Futures (6005.TW), Grand Cathay Futures (private or unlisted), Fubon Futures (private or unlisted). The cockpit's measured peer set (industry) also includes Canaccord Genuity (CF.TO), Gold.com (GOLD), Gielda Papierow Wartosciowych w Warszawie (GPW.WA), Indian Energy Exchange (IEX.NS), Flow Traders (FLOW.AS), Japan Securities Finance (8511.T).
How has Yuanta Futures stock performed?
Over six months to 6 Nov 2026 the shares returned -9.0% against -11.2% for the median peer; over one year +4.9%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.