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A006800 Inclusion In FTSE Index Will Drive Future Margin Upside

Global Expansion And AI Focus Will Strengthen Future Prospects

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A006800
AnalystConsensusTarget
Not Invested
Published 09 Feb 2025

Update shared on 11 Dec 2025

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Analysts have modestly lifted their price target on Mirae Asset Securities, citing a stronger projected profit margin and a slightly more attractive future valuation multiple, although revenue growth expectations remain subdued.

What's in the News

  • Mirae Asset Securities has been added to the FTSE All-World Index in USD terms, potentially boosting passive fund flows and visibility among global investors (index announcement).
  • The company has fully executed a share repurchase tranche announced on August 28, 2025, buying back 1,340,400 shares, or 0.23 percent, for KRW 27,924.68 million between August 28 and September 30, 2025 (company filing).
  • In a subsequent phase of the same buyback program, the firm repurchased an additional 2,711,792 shares, or 0.47 percent, for KRW 52,175.3 million from October 1 to November 24, 2025, bringing total buybacks under this mandate to 4,052,192 shares, or 0.7 percent, for KRW 80,099.98 million (company filing).
  • A board meeting scheduled for December 1, 2025 will address matters related to treasury shares, including preparation based on the average purchase price of treasury stock acquired within profits available for dividends (board agenda).

Valuation Changes

  • Fair Value, based on the intrinsic value model, is unchanged at ₩23,961.54, indicating no revision to the long term fundamental estimate.
  • Discount Rate has risen slightly, from 9.95 percent to 9.99 percent, reflecting a marginally higher required return for equity holders.
  • Revenue Growth expectations have deteriorated slightly, moving from minus 57.52 percent to minus 57.58 percent, signaling a modestly weaker top line outlook.
  • Net Profit Margin has improved meaningfully, increasing from 94.80 percent to 98.68 percent, implying stronger expected profitability on a depressed revenue base.
  • Future P/E has fallen slightly, from 14.02x to 13.37x, suggesting a modestly cheaper forward earnings multiple for Mirae Asset Securities.

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Disclaimer

AnalystConsensusTarget is a tool utilizing a Large Language Model (LLM) that ingests data on consensus price targets, forecasted revenue and earnings figures, as well as the transcripts of earnings calls to produce qualitative analysis. The narratives produced by AnalystConsensusTarget are general in nature and are based solely on analyst data and publicly-available material published by the respective companies. These scenarios are not indicative of the company's future performance and are exploratory in nature. Simply Wall St has no position in the company(s) mentioned. Simply Wall St may provide the securities issuer or related entities with website advertising services for a fee, on an arm's length basis. These relationships have no impact on the way we conduct our business, the content we host, or how our content is served to users. The price targets and estimates used are consensus data, and do not constitute a recommendation to buy or sell any stock, and they do not take account of your objectives, or your financial situation. Note that AnalystConsensusTarget's analysis may not factor in the latest price-sensitive company announcements or qualitative material.