DB Insurance Co., Ltd. (KRX:005830) Looks Inexpensive But Perhaps Not Attractive Enough
Jan 28
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South Korean (KOSPI) Insurance Industry Analysis
UpdatedFeb 01, 2025
DataAggregated Company Financials
Companies13
- 7D8.2%
- 3M-6.0%
- 1Y7.8%
- YTD0.8%
Over the last 7 days, the Insurance industry has dropped 1.1%, driven by MIRAE ASSET Life Insurance declining 3.8%. Meanwhile, Samsung Fire & Marine Insurance actually outperformed within the industry, gaining 12% in the last week. Over the past 12 months, the industry was up 3.3%. As for the next few years, earnings are expected to grow by 5.4% per annum.
Industry Valuation and Performance
Has the South Korean Insurance Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 01 Feb 2025 | ₩46.1t | ₩126.1t | ₩8.8t | 4.2x | 5.2x | 0.4x |
| Mon, 30 Dec 2024 | ₩47.6t | ₩126.1t | ₩8.8t | 4.1x | 5.4x | 0.4x |
| Wed, 27 Nov 2024 | ₩49.3t | ₩124.4t | ₩8.9t | 3.5x | 5.6x | 0.4x |
| Fri, 25 Oct 2024 | ₩48.4t | ₩122.9t | ₩8.5t | 4.4x | 5.7x | 0.4x |
| Sun, 22 Sep 2024 | ₩49.8t | ₩122.9t | ₩8.5t | 4.4x | 5.9x | 0.4x |
| Tue, 20 Aug 2024 | ₩48.5t | ₩121.9t | ₩7.8t | 6.3x | 6.2x | 0.4x |
| Thu, 18 Jul 2024 | ₩48.4t | ₩120.4t | ₩7.6t | 5.7x | 6.3x | 0.4x |
| Sat, 15 Jun 2024 | ₩44.4t | ₩120.4t | ₩7.6t | 5.3x | 5.9x | 0.4x |
| Mon, 13 May 2024 | ₩45.8t | ₩121.4t | ₩7.9t | 4.4x | 5.8x | 0.4x |
| Wed, 10 Apr 2024 | ₩43.9t | ₩121.4t | ₩8.0t | 4.3x | 5.5x | 0.4x |
| Fri, 08 Mar 2024 | ₩47.5t | ₩148.7t | ₩6.4t | 6.9x | 7.4x | 0.3x |
| Sun, 04 Feb 2024 | ₩48.1t | ₩163.6t | ₩6.9t | 6.4x | 6.9x | 0.3x |
| Tue, 02 Jan 2024 | ₩42.4t | ₩163.6t | ₩6.9t | 5.7x | 6.1x | 0.3x |
| Thu, 30 Nov 2023 | ₩42.4t | ₩166.7t | ₩6.8t | 6x | 6.2x | 0.3x |
| Sat, 28 Oct 2023 | ₩42.4t | ₩166.7t | ₩6.6t | 5.9x | 6.4x | 0.3x |
| Mon, 25 Sep 2023 | ₩44.2t | ₩166.7t | ₩6.6t | 6.1x | 6.7x | 0.3x |
| Wed, 23 Aug 2023 | ₩40.1t | ₩169.7t | ₩7.1t | 5.2x | 5.7x | 0.2x |
| Fri, 21 Jul 2023 | ₩39.2t | ₩169.4t | ₩6.9t | 4.8x | 5.7x | 0.2x |
| Sun, 18 Jun 2023 | ₩39.1t | ₩169.4t | ₩6.9t | 5x | 5.7x | 0.2x |
| Tue, 16 May 2023 | ₩39.5t | ₩165.0t | ₩6.4t | 5.8x | 6.2x | 0.2x |
| Thu, 13 Apr 2023 | ₩37.6t | ₩165.0t | ₩6.5t | 5.5x | 5.8x | 0.2x |
| Sat, 11 Mar 2023 | ₩38.8t | ₩152.5t | ₩5.8t | 5.4x | 6.7x | 0.3x |
| Mon, 06 Feb 2023 | ₩37.3t | ₩152.5t | ₩5.8t | 4.2x | 6.4x | 0.2x |
| Wed, 04 Jan 2023 | ₩36.7t | ₩152.5t | ₩5.8t | 4.2x | 6.3x | 0.2x |
| Fri, 02 Dec 2022 | ₩37.9t | ₩150.4t | ₩5.8t | 3.9x | 6.5x | 0.3x |
| Sun, 30 Oct 2022 | ₩34.7t | ₩148.2t | ₩5.8t | 3.5x | 6x | 0.2x |
| Tue, 27 Sep 2022 | ₩34.1t | ₩148.2t | ₩5.8t | 3.7x | 5.9x | 0.2x |
| Thu, 25 Aug 2022 | ₩34.7t | ₩145.5t | ₩5.3t | 5x | 6.5x | 0.2x |
| Sat, 23 Jul 2022 | ₩33.9t | ₩145.5t | ₩5.3t | 4.4x | 6.4x | 0.2x |
| Mon, 20 Jun 2022 | ₩35.4t | ₩145.5t | ₩5.3t | 5.7x | 6.7x | 0.2x |
| Wed, 18 May 2022 | ₩36.6t | ₩145.0t | ₩6.3t | 6x | 5.8x | 0.3x |
| Fri, 15 Apr 2022 | ₩39.9t | ₩144.7t | ₩6.4t | 6.2x | 6.2x | 0.3x |
| Sun, 13 Mar 2022 | ₩34.7t | ₩142.1t | ₩5.4t | 6.9x | 6.5x | 0.2x |
| Tue, 08 Feb 2022 | ₩38.5t | ₩142.1t | ₩5.4t | 7.3x | 7.2x | 0.3x |
Price to Earnings Ratio
7.2x
Current Industry PE
- Investors are pessimistic on the South Korean Insurance industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 4.9x which is lower than its 3-year average PE of 6.3x.
- The industry is trading close to its 3-year average PS ratio of 0.29x.
Past Earnings Growth
- The earnings for companies in the Insurance industry have grown 18% per year over the last three years.
- Meanwhile revenues for these companies have declined 3.9% per year.
- This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.
Industry Trends
Which industries have driven the changes within the South Korean Financials industry?
| KR Market | -0.70% | |
| Financials | 3.60% | |
| Insurance | 8.15% | |
| Property and Casualty Insurance | 8.96% | |
| Life and Health Insurance | 7.88% | |
| Reinsurance | 1.23% | |
| General Insurance | 0% | 0 |
| Insurance Brokers | -2.48% | |
Industry PE
- Investors are most optimistic about the Insurance Brokers industry, which is trading close to its 3-year average PE ratio of 6.6x.
- Analysts are expecting annual earnings growth of 118.4%, which is lower than the prior year's growth of 133.7% per year.
- Investors are most pessimistic about the Property and Casualty Insurance industry, which is trading below its 3-year average of 6.0x.
Forecasted Growth
- Analysts are most optimistic on the Insurance Brokers industry, expecting annual earnings growth of 118% over the next 5 years.
- This is roughly in line with its past earnings growth rate.
- In contrast, the Life and Health Insurance industry is expected to see its earnings grow by 3.1% per year 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 | |
|---|---|---|---|---|---|
| A000810 Samsung Fire & Marine Insurance | ₩381.50k | 11.7% +₩1.7t | 27.6% | PE9x | |
| A032830 Samsung Life Insurance | ₩89.10k | 9.7% +₩1.4t | 13.6% | PE6.4x | |
| A005830 DB Insurance | ₩97.10k | 6.0% +₩330.2b | -2.1% | PE2.9x | |
| A001450 Hyundai Marine & Fire Insurance | ₩24.75k | 3.1% +₩58.8b | -31.2% | PE2.2x | |
| A088350 Hanwha Life Insurance | ₩2.50k | 1.0% +₩18.8b | -29.5% | PE3.5x |
