South Korean (KOSPI) Financials Sector Analysis
UpdatedApr 24, 2024
DataAggregated Company Financials
Companies173
- 7D6.4%
- 3M15.2%
- 1Y23.6%
- YTD14.1%
Over the last 7 days, the Financials industry has dropped 2.0%, driven by a pullback from Mirae Asset Securities of 0.9%. In contrast, KB Financial Group has gained 9.0%. Over the past 12 months, the industry was up 15%. Earnings are forecast to grow by 10% annually.
Sector Valuation and Performance
Has the South Korean Financials Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 24 Apr 2024 | ₩201.5t | ₩314.3t | ₩32.7t | 8.3x | 6.2x | 0.6x |
| Fri, 22 Mar 2024 | ₩222.4t | ₩321.0t | ₩31.0t | 9.9x | 7.2x | 0.7x |
| Sun, 18 Feb 2024 | ₩207.7t | ₩398.7t | ₩31.6t | 11x | 6.6x | 0.5x |
| Tue, 16 Jan 2024 | ₩186.3t | ₩465.6t | ₩33.2t | 15.2x | 5.6x | 0.4x |
| Thu, 14 Dec 2023 | ₩183.6t | ₩465.6t | ₩33.2t | 15x | 5.5x | 0.4x |
| Sat, 11 Nov 2023 | ₩177.5t | ₩485.3t | ₩34.4t | 14.9x | 5.2x | 0.4x |
| Mon, 09 Oct 2023 | ₩179.8t | ₩446.8t | ₩32.6t | 15.4x | 5.5x | 0.4x |
| Wed, 06 Sep 2023 | ₩177.8t | ₩446.9t | ₩33.3t | 15.7x | 5.3x | 0.4x |
| Fri, 04 Aug 2023 | ₩174.2t | ₩497.2t | ₩34.0t | 12.7x | 5.1x | 0.4x |
| Sun, 02 Jul 2023 | ₩168.8t | ₩459.3t | ₩32.6t | 13.5x | 5.2x | 0.4x |
| Tue, 30 May 2023 | ₩164.0t | ₩446.2t | ₩30.8t | 13.8x | 5.3x | 0.4x |
| Thu, 27 Apr 2023 | ₩162.4t | ₩427.3t | ₩30.8t | 13.3x | 5.3x | 0.4x |
| Sat, 25 Mar 2023 | ₩160.9t | ₩420.3t | ₩31.5t | 12x | 5.1x | 0.4x |
| Mon, 20 Feb 2023 | ₩164.1t | ₩493.7t | ₩30.7t | 8.4x | 5.3x | 0.3x |
| Wed, 18 Jan 2023 | ₩174.5t | ₩388.2t | ₩31.1t | 8.3x | 5.6x | 0.4x |
| Fri, 16 Dec 2022 | ₩162.2t | ₩388.2t | ₩31.1t | 8.6x | 5.2x | 0.4x |
| Sun, 13 Nov 2022 | ₩151.6t | ₩369.1t | ₩33.5t | 6.3x | 4.5x | 0.4x |
| Tue, 11 Oct 2022 | ₩139.3t | ₩354.4t | ₩31.5t | 5.6x | 4.4x | 0.4x |
| Thu, 08 Sep 2022 | ₩147.2t | ₩354.5t | ₩31.8t | 5.8x | 4.6x | 0.4x |
| Sat, 06 Aug 2022 | ₩160.2t | ₩342.9t | ₩34.3t | 6.2x | 4.7x | 0.5x |
| Mon, 04 Jul 2022 | ₩157.3t | ₩342.9t | ₩34.2t | 5.7x | 4.6x | 0.5x |
| Wed, 01 Jun 2022 | ₩186.0t | ₩327.0t | ₩35.5t | 6.6x | 5.2x | 0.6x |
| Fri, 29 Apr 2022 | ₩190.1t | ₩330.3t | ₩36.2t | 7x | 5.3x | 0.6x |
| Sun, 27 Mar 2022 | ₩190.2t | ₩319.4t | ₩33.0t | 7.4x | 5.8x | 0.6x |
| Tue, 22 Feb 2022 | ₩190.6t | ₩316.6t | ₩32.5t | 7.3x | 5.9x | 0.6x |
| Thu, 20 Jan 2022 | ₩188.8t | ₩329.3t | ₩32.2t | 7x | 5.9x | 0.6x |
| Sat, 18 Dec 2021 | ₩194.6t | ₩335.6t | ₩32.3t | 6.9x | 6x | 0.6x |
| Mon, 15 Nov 2021 | ₩191.3t | ₩314.9t | ₩32.9t | 7.8x | 5.8x | 0.6x |
| Wed, 13 Oct 2021 | ₩186.3t | ₩323.6t | ₩30.5t | 7.2x | 6.1x | 0.6x |
| Fri, 10 Sep 2021 | ₩193.3t | ₩326.3t | ₩30.5t | 6.2x | 6.3x | 0.6x |
| Sun, 08 Aug 2021 | ₩191.6t | ₩326.3t | ₩30.5t | 5.9x | 6.3x | 0.6x |
| Sat, 01 May 2021 | ₩158.2t | ₩317.2t | ₩28.2t | 6.4x | 5.6x | 0.5x |
Price to Earnings Ratio
5.6x
Current Industry PE
- Investors are relatively neutral on the South Korean Financials industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 5.5x.
- The industry is trading close to its 3-year average PS ratio of 0.47x.
Past Earnings Growth
- The earnings for companies in the Financials industry have grown 5.0% per year over the last three years, while revenues have remained mostly flat.
- This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.
Industry Trends
Which industries have driven the changes within the South Korean Financials sector?
| KR Market | 0.53% | |
| Financials | 6.44% | |
| Insurance | 8.38% | |
| Banks | 6.99% | |
| Diversified Financial | 4.74% | |
| Capital Markets | 3.58% | |
| Consumer Finance | 2.95% | |
| Mortgage Finance | 0% | |
| Mortgage REITs | 0% | |
Industry PE
- Investors are most optimistic about the Consumer Finance industry which is trading above its 3-year average PE ratio of 5.2x.
- Analysts are expecting annual earnings decline of 0.8%, which is less than its past year's earnings decline of 1.2%.
- Investors are most pessimistic about the Insurance industry, which is trading below its 3-year average of 6.5x.
Forecasted Growth
- Analysts are most optimistic on the Diversified Financial industry, expecting annual earnings growth of 18% over the next 5 years.
- This is roughly in line with its past earnings growth rate.
- In contrast, the Consumer Finance industry is expected to see its earnings growth to stay flat over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| A105560 KB Financial Group | ₩70.20k | 9.0% +₩2.2t | 41.1% | PB0.5x | |
| A055550 Shinhan Financial Group | ₩43.90k | 6.9% +₩1.5t | 23.1% | PB0.4x | |
| A032830 Samsung Life Insurance | ₩86.10k | 8.6% +₩1.2t | 31.1% | PE8.2x | |
| A086790 Hana Financial Group | ₩57.60k | 7.5% +₩1.2t | 36.8% | PB0.4x | |
| A000810 Samsung Fire & Marine Insurance | ₩308.00k | 9.2% +₩1.1t | 33.6% | PE7.2x |