President Securities Corp (2855) Fair Value & Analysis
Financial Services · TW · Market cap 70.7B TWD (≈ $2.2B) · ISIN TW0002855004
What is President Securities Corp really worth?
Below-average quality, and trading another 145% above our fair value of 20.72 TWD.
Strengths
Risks
For context
Fair value as of: Aug 21, 2026
From 2 valuation models · updated 15 days ago
Share price +10.6% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The price sits above even our optimistic bull case (25.90 TWD). The favourable scenario is already priced in.
- Weak quality (44/100) and above fair value at the same time, the margin of safety is missing on both counts.
- For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 21, 2026.
How to read this chart
60‑month range 13.89 TWD – 59.10 TWD · fair‑value band 15.54 TWD – 25.90 TWD · the 50.70 TWD price screens above the 20.72 TWD fair value. Dashed = 300-day average. As of Aug 21, 2026.
Analysis
President Securities Corp (2855) currently trades at 50.70 TWD, while our model-based Fair Value estimate is 20.72 TWD, implying the stock looks roughly 144.7% overvalued today. The Quality Score stands at 44/100 (below-average quality), in the Financial Services sector. How firm this estimate is: it rests on 26 models at a data quality of 95/100, which puts the evidence level at high.
Over the trailing twelve months, President Securities Corp generated revenue of 15.7B TWD at a net margin of 45.6%. Revenue grew 269.5% year over year. It earns a return on equity of 18.6%. Net debt stands at 83.0B TWD. Fundamentals as of Aug 21, 2026
Our scenario range runs from 15.54 TWD (bear case) to 25.90 TWD (bull case); at 50.70 TWD, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 15% below its 52-week high and 175% above its 52-week low, currently above its 200-day average. For context, the median of 10 Financial Services peers we cover trades at −37% fair-value upside, at −59%, 2855 screens richer than that median.
Fair Value models
This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly 0.5979 TWD per share, which is 2.9 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.
All 2 models by family
Widest divergence: Multiples (20.86 TWD) versus Asset-Based (16.44 TWD). Highest evidence: P/B Multiple (55).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 21, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 37 · Market factors (momentum, volatility) 78
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
President Securities Corporation, together with its subsidiaries, engages in securities trading and margin lending, securities lending, futures business assistance, proprietary futures trading, issuing warrants, wealth management, and trust businesses.
Full company description
President Securities Corporation, together with its subsidiaries, engages in securities trading and margin lending, securities lending, futures business assistance, proprietary futures trading, issuing warrants, wealth management, and trust businesses. It operates through Brokerage Department, Measurement and Trading Department, Proprietary Trading Department, Financial Products Sector, Investment Companies, and Other Operating Departments segments. The company is involved in accepting orders to buy/sell listed securities and forward to TWSE and TPEx for execution; manage custodial services; securities borrowing and lending, non-restricted purpose loan, and futures introducing broker businesses; and provision of margin financing for securities trading and consignment trading of foreign securities. It also provides financial products; futures and options markets, and foreign marketable securities trading; underwriting services; quantitative trading; and shareholder services. In addition, the company engages in trade domestic and foreign corporate and government bonds in the OTC market; offers tendering services of Taiwan government bonds; trade overseas and domestic convertible bonds; provision of repo and reverse-repo transactions, debt capital market services for overseas and domestic issuers, and designed bond exchange-traded notes; trade government and corporate bonds; and interest rate structured products trading, design, and sales. Further, it provides asset arrangement and finance service planning services, as well as various trading services and products for wealth management, including domestic and overseas funds, foreign bonds, structured products, and bonds with repurchasing agreements; engages in negotiable securities trust lending, employee stock ownership trust, and wealth management businesses; and conducts asset allocation. President Securities Corporation was incorporated in 1988 and is headquartered in Taipei, Taiwan.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
President Securities Corp reported revenue of 11.4B TWD in FY2025 versus 15.6B TWD in FY2021, a compound −7.6%/yr. Reported net income was 4.8B TWD in FY2025, compounding +4.6%/yr from FY2021.
of which total revenue +13.8 % · buybacks/dilution +0.3 %
Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).
2855 screens 145% overvalued. Compare with Morgan Stanley, a financial holding company, →
Peer Group
Capital Markets · 453 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Capital Markets median · lower = cheaper
Strength profile in five axes (Snowflake)
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
VALUE 0: the price sits above our fair-value range.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Capital Markets stocks, each showing price versus our Fair Value estimate (as of Aug 21, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Morgan Stanley, a financial holding company, MS | $214.77 | $138.97 | −35% |
| The Goldman Sachs Group GS | $1,034 | $756.89 | −27% |
| The Charles Schwab Corporation SCHW | $110.16 | $66.17 | −40% |
| Robinhood Markets, Inc HOOD | $104.26 | $30.94 | −70% |
| Macquarie Group MQG | A$251.87 | A$75.58 | −70% |
| CITIC Securities Company 600030 | ¥27.93 | ¥17.68 | −37% |
| Guotai Haitong Securities Co 601211 | ¥17.87 | ¥18.62 | +4% |
| East Money Information Co 300059 | ¥19.42 | ¥4.77 | −75% |
| CSC Financial Co 601066 | ¥25.78 | ¥14.17 | −45% |
| Huatai Securities Co 601688 | ¥19.56 | ¥19.26 | −2% |
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