New Risk • Jun 11
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 61% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (61% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows. Announcement • Jun 03
NH Investment & Securities Co., Ltd. announced that it expects to receive KRW 399.9999896 billion in funding from NongHyup Financial Group Inc. NH Investment & Securities Co., Ltd announced a private placement to issue 12,861,736 common shares at an issue price of KRW 31,100 for the proceeds of KRW 399,999,989,600 on June 2, 2026. Transaction involves participation of NongHyup Financial Group Inc. as an investor. The transaction is approved by board of directors and is expected to close by June 29, 2026. Shares are restricted for 1 year from closing. Buy Or Sell Opportunity • May 08
Now 20% undervalued Over the last 90 days, the stock has risen 41% to ₩36,600. The fair value is estimated to be ₩45,888, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 31%. Revenue is forecast to decline by 81% in 2 years. Earnings are forecast to grow by 0.6% in the next 2 years. Announcement • May 01
SK Inc. (KOSE:A034730) completed the acquisition of additional 4.05% stake in SK ecoplant Co., Ltd. from a group of shareholders. SK Inc. (KOSE:A034730) agreed to acquire additional 4.05% stake in SK ecoplant Co., Ltd. from a group of shareholders for approximately KRW 200 Billion on April 28, 2026.
SK Inc. (KOSE:A034730) completed the acquisition of additional 4.05% stake in SK ecoplant Co., Ltd. from a group of shareholders on April 30, 2026. Announcement • Apr 30
SK Inc. (KOSE:A034730) agreed to acquire additional 4.05% stake in SK ecoplant Co., Ltd. from a group of shareholders. for approximately KRW 200 Billion. SK Inc. (KOSE:A034730) agreed to acquire additional 4.05% stake in SK ecoplant Co., Ltd. from a group of shareholders for approximately KRW 200 Billion on April 28, 2026. Reported Earnings • Apr 25
First quarter 2026 earnings released: EPS: ₩1,270 (vs ₩602 in 1Q 2025) First quarter 2026 results: EPS: ₩1,270 (up from ₩602 in 1Q 2025). Revenue: ₩7.78t (up 186% from 1Q 2025). Net income: ₩475.7b (up 128% from 1Q 2025). Profit margin: 6.1% (down from 7.6% in 1Q 2025). Revenue is expected to fall by 78% p.a. on average during the next 3 years compared to a 68% decline forecast for the Capital Markets industry in South Korea. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has increased by 55% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Apr 24
Price target increased by 7.4% to ₩34,917 Up from ₩32,500, the current price target is an average from 12 analysts. New target price is approximately in line with last closing price of ₩35,100. Stock is up 146% over the past year. The company is forecast to post earnings per share of ₩3,766 for next year compared to ₩2,885 last year. Major Estimate Revision • Apr 24
Consensus EPS estimates increase by 19% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from ₩3.10b to ₩3.41b. EPS estimate increased from ₩3,322 to ₩3,939 per share. Net income forecast to grow 30% next year vs 30% growth forecast for Capital Markets industry in South Korea. Consensus price target up from ₩33,475 to ₩34,346. Share price was steady at ₩35,100 over the past week. Valuation Update With 7 Day Price Move • Apr 14
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₩35,200, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 10x in the Capital Markets industry in South Korea. Total returns to shareholders of 346% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩36,991 per share. New Risk • Apr 12
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (57% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows. Price Target Changed • Apr 07
Price target increased by 8.3% to ₩31,038 Up from ₩28,654, the current price target is an average from 13 analysts. New target price is approximately in line with last closing price of ₩30,450. Stock is up 139% over the past year. The company is forecast to post earnings per share of ₩2,560 for next year compared to ₩1,966 last year. Declared Dividend • Mar 14
Dividend increased to ₩1,300 Dividend of ₩1,300 is 37% higher than last year. Ex-date: 30th March 2026 Payment date: 20th April 2026 Dividend yield will be 4.1%, which is higher than the industry average of 3.7%. Sustainability & Growth Dividend is covered by earnings (39% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 19% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 23% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Valuation Update With 7 Day Price Move • Mar 11
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩33,300, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 10x in the Capital Markets industry in South Korea. Total returns to shareholders of 331% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩35,350 per share. Price Target Changed • Feb 14
Price target increased by 8.3% to ₩27,115 Up from ₩25,038, the current price target is an average from 13 analysts. New target price is 12% below last closing price of ₩30,900. Stock is up 110% over the past year. The company is forecast to post earnings per share of ₩2,560 for next year compared to ₩1,966 last year. Valuation Update With 7 Day Price Move • Feb 13
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₩31,250, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 9x in the Capital Markets industry in South Korea. Total returns to shareholders of 274% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩32,414 per share. New Risk • Dec 03
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 85% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (85% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows. Buy Or Sell Opportunity • Nov 15
Now 23% undervalued Over the last 90 days, the stock has risen 11% to ₩21,400. The fair value is estimated to be ₩27,786, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 5.0% over the last 3 years. Earnings per share has grown by 25%. Revenue is forecast to decline by 71% in 2 years. Earnings are forecast to grow by 20% in the next 2 years. Reported Earnings • Nov 02
Third quarter 2025 earnings released Third quarter 2025 results: Net loss: ₩181.9b (down 218% from profit in 3Q 2024). Revenue is expected to fall by 53% p.a. on average during the next 3 years compared to a 62% decline forecast for the Capital Markets industry in South Korea. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Oct 28
Now 21% undervalued Over the last 90 days, the stock has risen 1.3% to ₩20,250. The fair value is estimated to be ₩25,556, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 7.5% over the last 3 years. Earnings per share has grown by 16%. Revenue is forecast to decline by 76% in 2 years. Earnings are forecast to grow by 26% in the next 2 years. Buy Or Sell Opportunity • Sep 24
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 3.1% to ₩19,760. The fair value is estimated to be ₩24,910, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 7.5% over the last 3 years. Earnings per share has grown by 16%. Revenue is forecast to decline by 76% in 2 years. Earnings are forecast to grow by 23% in the next 2 years. Buy Or Sell Opportunity • Aug 01
Now 24% undervalued Over the last 90 days, the stock has risen 23% to ₩18,730. The fair value is estimated to be ₩24,674, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 9.2% over the last 3 years. Earnings per share has grown by 4.1%. Revenue is forecast to decline by 74% in 2 years. Earnings are forecast to grow by 22% in the next 2 years. Valuation Update With 7 Day Price Move • Jul 14
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩23,400, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 9x in the Capital Markets industry in South Korea. Total returns to shareholders of 208% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩24,026 per share. Price Target Changed • Jul 11
Price target increased by 9.4% to ₩20,154 Up from ₩18,423, the current price target is an average from 13 analysts. New target price is 11% below last closing price of ₩22,650. Stock is up 73% over the past year. The company is forecast to post earnings per share of ₩2,345 for next year compared to ₩1,966 last year. New Risk • Jun 11
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 75% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (75% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows. Announcement • Apr 30
GGUMBI Inc. (KOSDAQ:A407400) agreed to acquire 38.41% stake in Gaia Corporation (XKON:A296520) from a group of shareholders for KRW 5.7 billion. GGUMBI Inc. (KOSDAQ:A407400) agreed to acquire 38.41% stake in Gaia Corporation (XKON:A296520) from a group of shareholders for KRW 5.7 billion on April 29, 2025. A cash consideration of KRW 5.74 billion will be paid by GGUMBI Inc. As part of consideration, KRW 5.74 billion is paid towards common equity of Gaia Corporation. The expected completion of the transaction is May 23, 2025. Declared Dividend • Mar 08
Dividend increased to ₩950 Dividend of ₩950 is 19% higher than last year. Ex-date: 28th March 2025 Payment date: 1st January 1970 Dividend yield will be 6.4%, which is higher than the industry average of 3.7%. Sustainability & Growth Dividend is covered by earnings (42% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 17% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 26% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Mar 08
NH Investment & Securities Co., Ltd., Annual General Meeting, Mar 24, 2025 NH Investment & Securities Co., Ltd., Annual General Meeting, Mar 24, 2025, at 09:01 Tokyo Standard Time. Location: grand hall, 108, yeoui-daero, yeongdeungpo-gu, seoul South Korea Announcement • Mar 07
NH Investment & Securities Co., Ltd. announces Annual dividend NH Investment & Securities Co., Ltd. announced Annual dividend of KRW 950.0000 per share, ex-date on March 28, 2025 and record date on March 31, 2025. New Risk • Sep 06
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 28% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (28% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows. Announcement • Jul 18
NH Investment & Securities Co., Ltd. (KOSE:A005940) agreed to acquire 5% stake in Battery Solutions Co., Ltd from KPS Corporation (KOSDAQ:A256940) for KRW 7.5 billion. NH Investment & Securities Co., Ltd. (KOSE:A005940) agreed to acquire 5% stake in Battery Solutions Co., Ltd from KPS Corporation (KOSDAQ:A256940) for KRW 7.5 billion on July 17, 2024. As per the transaction, NH Investment & Securities Co., Ltd. will acquire 0.57 million shares of Battery Solutions Co., Ltd. The expected completion of the transaction is July 19, 2024. Price Target Changed • Jul 12
Price target increased by 7.8% to ₩15,389 Up from ₩14,278, the current price target is an average from 9 analysts. New target price is 18% above last closing price of ₩13,070. Stock is up 34% over the past year. The company is forecast to post earnings per share of ₩2,134 for next year compared to ₩1,588 last year. Major Estimate Revision • May 04
Consensus EPS estimates increase by 13% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from ₩1.81b to ₩1.92b. EPS estimate increased from ₩1,822 to ₩2,059 per share. Net income forecast to grow 20% next year vs 29% growth forecast for Capital Markets industry in South Korea. Consensus price target up from ₩13,591 to ₩14,045. Share price was steady at ₩12,430 over the past week. Major Estimate Revision • Apr 30
Consensus EPS estimates increase by 15% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from ₩1.79b to ₩1.92b. EPS estimate increased from ₩1,775 to ₩2,036 per share. Net income forecast to grow 21% next year vs 29% growth forecast for Capital Markets industry in South Korea. Consensus price target up from ₩13,500 to ₩13,773. Share price rose 6.6% to ₩12,440 over the past week. Announcement • Mar 15
NH Investment & Securities Co., Ltd., Annual General Meeting, Mar 27, 2024 NH Investment & Securities Co., Ltd., Annual General Meeting, Mar 27, 2024, at 09:01 Korea Standard Time. Location: Grand Hall, 4F, Parc.1 NH Financial Tower (Tower 2), 108 Yeoui-daero, Yeongdeungpo-gu, Seoul South Korea Agenda: To consider Audit report; to consider Operating report; to consider Report on the operating status of the internal accounting control system; to consider Report on transactions with the largest shareholder, etc.; and to consider Annual report on governance. New Risk • Mar 15
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 45% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (45% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows. Price Target Changed • Feb 14
Price target increased by 7.4% to ₩13,273 Up from ₩12,364, the current price target is an average from 11 analysts. New target price is 18% above last closing price of ₩11,290. Stock is up 19% over the past year. The company is forecast to post earnings per share of ₩1,724 for next year compared to ₩881 last year. Announcement • Jan 22
NH Investment & Securities Co., Ltd. to Report Fiscal Year 2023 Results on Jan 26, 2024 NH Investment & Securities Co., Ltd. announced that they will report fiscal year 2023 results on Jan 26, 2024 Buying Opportunity • Jul 30
Now 20% undervalued Over the last 90 days, the stock is up 4.1%. The fair value is estimated to be ₩12,183, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.2% over the last 3 years. Earnings per share has declined by 7.3%. Revenue is forecast to decline by 83% in 2 years. Earnings is forecast to grow by 56% in the next 2 years. Major Estimate Revision • Jul 28
Consensus revenue estimates increase by 10% The consensus outlook for revenues in fiscal year 2023 has improved. 2023 revenue forecast increased from ₩1.65b to ₩1.82b. EPS estimate increased from ₩1,701 to ₩1,756 per share. Net income forecast to grow 62% next year vs 33% growth forecast for Capital Markets industry in South Korea. Consensus price target broadly unchanged at ₩12,444. Share price was steady at ₩9,730 over the past week. Price Target Changed • Mar 22
Price target decreased by 7.1% to ₩11,750 Down from ₩12,650, the current price target is an average from 8 analysts. New target price is 36% above last closing price of ₩8,670. Stock is down 24% over the past year. The company is forecast to post earnings per share of ₩1,407 for next year compared to ₩884 last year. Board Change • Feb 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. No highly experienced directors. Standing Audit Director Lim Byung-Soon was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Upcoming Dividend • Dec 21
Upcoming dividend of ₩1,050 per share Eligible shareholders must have bought the stock before 28 December 2022. Payment date: 13 April 2023. Payout ratio is on the higher end at 83%, however this is supported by cash flows. Trailing yield: 11%. Within top quartile of South Korean dividend payers (3.3%). Higher than average of industry peers (6.6%). Price Target Changed • Nov 16
Price target decreased to ₩11,540 Down from ₩12,650, the current price target is an average from 10 analysts. New target price is 20% above last closing price of ₩9,580. Stock is down 27% over the past year. The company is forecast to post earnings per share of ₩1,028 for next year compared to ₩3,071 last year. Price Target Changed • Nov 13
Price target decreased to ₩11,640 Down from ₩12,650, the current price target is an average from 10 analysts. New target price is 22% above last closing price of ₩9,570. Stock is down 27% over the past year. The company is forecast to post earnings per share of ₩1,028 for next year compared to ₩3,071 last year. Buying Opportunity • Sep 26
Now 21% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be ₩11,736, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 6.6% over the last 3 years. Earnings per share has grown by 26%. Revenue is forecast to decline by 83% in 2 years. Earnings is forecast to grow by 10% in the next 2 years. Buying Opportunity • Sep 07
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 6.3%. The fair value is estimated to be ₩12,097, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 6.6% over the last 3 years. Earnings per share has grown by 26%. Revenue is forecast to decline by 83% in 2 years. Earnings is forecast to grow by 12% in the next 2 years. Buying Opportunity • Aug 02
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 7.9%. The fair value is estimated to be ₩12,305, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 6.7% over the last 3 years. Earnings per share has grown by 32%. Revenue is forecast to decline by 81% in 2 years. Earnings is forecast to decline by 11% in the next 2 years. Major Estimate Revision • Jul 28
Consensus EPS estimates fall by 10% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from ₩1.80b to ₩1.68b. EPS estimate also fell from ₩1,936 per share to ₩1,738 per share. Net income forecast to shrink 27% next year vs 13% decline forecast for Capital Markets industry in South Korea. Consensus price target down from ₩14,357 to ₩12,957. Share price was steady at ₩9,710 over the past week. Price Target Changed • Jun 17
Price target decreased to ₩14,563 Down from ₩15,788, the current price target is an average from 7 analysts. New target price is 49% above last closing price of ₩9,790. Stock is down 24% over the past year. The company is forecast to post earnings per share of ₩1,936 for next year compared to ₩3,071 last year. Board Change • May 31
High number of new directors Standing Audit Director Lim Byung-Soon was the last director to join the board, commencing their role in 2020. Board Change • Apr 27
High number of new directors Standing Audit Director Lim Byung-Soon was the last director to join the board, commencing their role in 2020. Reported Earnings • Mar 18
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: ₩3,071 (up from ₩1,923 in FY 2020). Revenue: ₩9.89t (down 15% from FY 2020). Net income: ₩931.5b (up 62% from FY 2020). Profit margin: 9.4% (up from 5.0% in FY 2020). Revenue missed analyst estimates by 100%. Earnings per share (EPS) also missed analyst estimates by 100%. Over the next year, revenue is expected to shrink by 79% compared to a 64% decline forecast for the industry in South Korea. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Upcoming Dividend • Dec 22
Upcoming dividend of ₩700 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 14 April 2022. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 5.2%. Within top quartile of South Korean dividend payers (2.4%). Higher than average of industry peers (3.8%). Is New 90 Day High Low • Mar 01
New 90-day low: ₩10,850 The company is down 4.0% from its price of ₩11,250 on 01 December 2020. The South Korean market is up 14% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Capital Markets industry, which is up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₩20,235 per share. Price Target Changed • Jan 12
Price target raised to ₩13,058 Up from ₩12,133, the current price target is an average from 11 analysts. The new target price is 9.3% above the current share price of ₩11,950. As of last close, the stock is down 2.8% over the past year. Is New 90 Day High Low • Jan 11
New 90-day high: ₩12,400 The company is up 31% from its price of ₩9,450 on 13 October 2020. The South Korean market is up 29% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is up 24% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₩14,999 per share. Is New 90 Day High Low • Dec 04
New 90-day high: ₩11,800 The company is up 28% from its price of ₩9,240 on 04 September 2020. The South Korean market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is up 18% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₩13,805 per share. Is New 90 Day High Low • Nov 09
New 90-day high: ₩10,200 The company is up 7.0% from its price of ₩9,540 on 11 August 2020. The South Korean market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is down 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₩13,259 per share. Major Estimate Revision • Oct 29
Analysts increase revenue estimates to ₩1.71b The 2020 consensus revenue estimate increased from ₩1.51b. Earning per share (EPS) estimate also increased from ₩1,559 to ₩2,032 for the same period. Net income is expected to grow by 21% next year compared to 29% growth forecast for the Capital Markets industry in South Korea. The consensus price target increased from ₩11,815 to ₩12,000. Share price is up 3.6% to ₩9,860 over the past week. Is New 90 Day High Low • Oct 23
New 90-day high: ₩10,100 The company is up 17% from its price of ₩8,630 on 24 July 2020. The South Korean market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is up 16% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₩11,101 per share. 
