Horizon Securities Co (ROCO:6015) Tax Provision: NT$-89 Mil (TTM As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

ROCO:6015 Horizon Securities Co Ltd ROCO:6015
56 GF Score
Price NT$15.95
GF Value NT$17.73
Valuation Modestly Undervalued
! 5 Warning Signs
View Full Analysis

What is Horizon Securities Co Tax Provision?

Horizon Securities Co ROCO:6015 -0.62% 56 Tax Provision is NT$-89 Mil as of Mar. 2026. GuruFocus rates ROCO:6015 with a GF Score™ of 56/100 and a GF Value™ of NT$17.73 (Modestly Undervalued). The stock has 5 warning signs investors should review.

Horizon Securities Co's tax provision for the three months ended in Mar. 2026 was NT$-55 Mil. Its tax provision for the trailing twelve months (TTM) ended in Mar. 2026 was NT$-89 Mil.

Horizon Securities Co Tax Provision Historical Data

* Premium members only.

The historical data trend for Horizon Securities Co's Tax Provision can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Horizon Securities Co Tax Provision Chart

Horizon Securities Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Tax Provision
Get a 7-Day Free Trial Premium Member Only Premium Member Only -130.66 -32.70 -26.79 -70.27 -42.93

Horizon Securities Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Tax Provision Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -8.00 1.91 -11.82 -25.03 -54.55
ROCO:6015
56GF Score
Horizon Securities Co Ltd ROCO:6015
Tax Provision is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Horizon Securities Co Tax Provision Calculation

Tax to be paid.

Tax Provision for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was NT$-89 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Tax Provision →
What does a Tax Provision of NT$-89 Mil mean?
Horizon Securities Co (ROCO:6015) has a Tax Provision of NT$-89 Mil as of Mar. 2026. Provision for taxes is the amount of tax the company owes based on pre-tax income. View historical data on Horizon Securities Co and its competitors.
Is Horizon Securities Co's Tax Provision too high?
Horizon Securities Co's current Tax Provision is NT$-89 Mil. Overall, Horizon Securities Co has a GF Score™ of 56/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Horizon Securities Co's Tax Provision compare to MS and GS?
Horizon Securities Co's Tax Provision of NT$-89 Mil can be compared against companies in the Capital Markets industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Tax Provision for a Capital Markets company?
A good Tax Provision depends on the Capital Markets industry context. However, Tax Provision should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Tax Provision mean?
A high Tax Provision can signal that a stock is expensive relative to its fundamentals. Provision for taxes is the amount of tax the company owes based on pre-tax income. View historical data on Horizon Securities Co and its competitors. Horizon Securities Co's current Tax Provision is NT$-89 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Horizon Securities Co stock overvalued right now?
Based on GuruFocus' analysis, Horizon Securities Co (ROCO:6015) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$17.73, compared to a current price of NT$15.95 — trading 10% below its estimated fair value. The current Tax Provision is NT$-89 Mil. Horizon Securities Co's overall GF Score™ is 56/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Tax Provision calculated?
Tax Provision is calculated from a company's financial statements. For Horizon Securities Co (ROCO:6015), the current Tax Provision is NT$-89 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Horizon Securities Co (ROCO:6015) Overvalued in 2026?

Based on GuruFocus' analysis, Horizon Securities Co stock appears to be undervalued. The current stock price of NT$15.95 is trading 10% below its estimated GF Value™ of NT$17.73. GuruFocus considers Horizon Securities Co to be Modestly Undervalued.

Key valuation signals for ROCO:6015:

  • Tax Provision: NT$-89 Mil
  • GF Value™: NT$17.73 vs. price of NT$15.95 (10% below fair value)
  • GF Score™: 56/100 with 5 warning signs

No single metric tells the full story. See the ROCO:6015 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Horizon Securities Co Business Description

Address Xinyi Road, 3-5 and 7th Floor, No. 236, Section 4, Da’an Dist, Taipei, TWN, 106
Horizon Securities Co Ltd is a Taiwan-based company that is engaged in providing various financial products and services. The company classifies operating units based on different business and services and is divided into the following five reporting and operations departments: Proprietary segment, Brokerage segment, Underwriting segment, Bond segment, and Derivatives segment. The majority of revenue is derived from the Brokerage segment, which is mainly responsible for brokerage and proprietary trading of securities.
56GF Score

Get the complete analysis for ROCO:6015

Tax Provision is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

NT$15.95
Price
NT$17.73
GF Value