Kiwoom Securities Co., Ltd.

KOSE:A039490 Stock Report

Market Cap: ₩3.4t

Kiwoom Securities Valuation

Is A039490 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of A039490 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: A039490 (₩125000) is trading below our estimate of fair value (₩479581.36)

Significantly Below Fair Value: A039490 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for A039490?

Key metric: As A039490 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for A039490. This is calculated by dividing A039490's market cap by their current earnings.
What is A039490's PE Ratio?
PE Ratio8.7x
Earnings₩385.24b
Market Cap₩3.37t

Price to Earnings Ratio vs Peers

How does A039490's PE Ratio compare to its peers?

The above table shows the PE ratio for A039490 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average5.4x
A016360 Samsung SecuritiesLtd
6.3x8.2%₩4.1t
A005940 NH Investment & Securities
7.5x8.6%₩4.6t
A071050 Korea Investment Holdings
4.7x7.9%₩4.2t
A023590 Daou Technology
3.3xn/a₩769.4b
A039490 Kiwoom Securities
8.7x22.6%₩3.4t

Price-To-Earnings vs Peers: A039490 is expensive based on its Price-To-Earnings Ratio (8.7x) compared to the peer average (5.4x).

Price to Earnings Ratio vs Industry

How does A039490's PE Ratio compare vs other companies in the KR Capital Markets Industry?

8 CompaniesPrice / EarningsEstimated GrowthMarket Cap
A071050 Korea Investment Holdings
4.7x7.9%US$2.99b
A008560 Meritz Securities
4.2xn/aUS$2.43b
A041190 Woori Technology Investment
4.9xn/aUS$566.94m
A023590 Daou Technology
3.3xn/aUS$552.41m
A039490 8.7xIndustry Avg. 9.1xNo. of Companies15PE020406080100+
8 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: A039490 is good value based on its Price-To-Earnings Ratio (8.7x) compared to the KR Capital Markets industry average (9x).

Price to Earnings Ratio vs Fair Ratio

What is A039490's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

A039490 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio8.7x
Fair PE Ratio10.2x

Price-To-Earnings vs Fair Ratio: A039490 is good value based on its Price-To-Earnings Ratio (8.7x) compared to the estimated Fair Price-To-Earnings Ratio (10.2x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst A039490 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₩125,000.00
₩166,000.00
+32.8%
6.9%₩183,000.00₩145,000.00n/a13
Nov ’25₩132,800.00
₩166,000.00
+25.0%
6.9%₩183,000.00₩145,000.00n/a13
Oct ’25₩130,000.00
₩162,076.92
+24.7%
7.0%₩180,000.00₩145,000.00n/a13
Sep ’25₩135,100.00
₩162,500.00
+20.3%
7.2%₩180,000.00₩145,000.00n/a12
Aug ’25₩135,800.00
₩161,666.67
+19.0%
7.1%₩180,000.00₩145,000.00n/a12
Jul ’25₩123,700.00
₩156,000.00
+26.1%
8.0%₩180,000.00₩130,000.00n/a12
Jun ’25₩133,800.00
₩152,615.38
+14.1%
9.4%₩180,000.00₩125,000.00n/a13
May ’25₩132,400.00
₩149,538.46
+12.9%
9.8%₩180,000.00₩125,000.00n/a13
Apr ’25₩120,000.00
₩142,846.15
+19.0%
11.9%₩180,000.00₩115,000.00n/a13
Mar ’25₩125,700.00
₩133,846.15
+6.5%
10.4%₩152,000.00₩100,000.00n/a13
Feb ’25₩107,600.00
₩119,669.23
+11.2%
7.4%₩135,000.00₩100,000.00n/a13
Jan ’25₩99,500.00
₩119,475.00
+20.1%
7.9%₩135,000.00₩100,000.00n/a12
Dec ’24₩91,200.00
₩119,900.00
+31.5%
7.7%₩135,000.00₩100,000.00n/a13
Nov ’24₩81,800.00
₩123,641.67
+51.2%
10.8%₩150,000.00₩100,000.00₩132,800.0012
Oct ’24₩94,400.00
₩127,727.27
+35.3%
11.2%₩150,000.00₩90,000.00₩130,000.0011
Sep ’24₩99,800.00
₩127,727.27
+28.0%
11.2%₩150,000.00₩90,000.00₩135,100.0011
Aug ’24₩103,900.00
₩125,909.09
+21.2%
12.2%₩150,000.00₩90,000.00₩135,800.0011
Jul ’24₩88,400.00
₩127,909.09
+44.7%
11.7%₩150,000.00₩90,000.00₩123,700.0011
Jun ’24₩93,500.00
₩125,166.67
+33.9%
12.5%₩150,000.00₩90,000.00₩133,800.0012
May ’24₩93,700.00
₩124,727.27
+33.1%
11.8%₩140,000.00₩90,000.00₩132,400.0011
Apr ’24₩101,000.00
₩117,181.82
+16.0%
9.5%₩130,000.00₩90,000.00₩120,000.0011
Mar ’24₩103,200.00
₩116,545.45
+12.9%
9.5%₩130,000.00₩90,000.00₩125,700.0011
Feb ’24₩100,400.00
₩110,636.36
+10.2%
7.5%₩124,000.00₩90,000.00₩107,600.0011
Jan ’24₩84,000.00
₩109,083.33
+29.9%
9.0%₩130,000.00₩90,000.00₩99,500.0012
Dec ’23₩94,000.00
₩108,416.67
+15.3%
10.4%₩130,000.00₩82,000.00₩91,200.0012
Nov ’23₩79,700.00
₩108,454.55
+36.1%
10.9%₩130,000.00₩82,000.00₩81,800.0011

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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