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A138

Meritz Financial Group KOSE:A138040 Stock Report

Last Price

₩30.70k

Market Cap

₩3.8t

7D

1.2%

1Y

73.4%

Updated

22 May, 2022

Data

Company Financials +
A138040 fundamental analysis
Snowflake Score
Valuation5/6
Future Growth0/6
Past Performance4/6
Financial Health2/6
Dividends2/6

A138040 Stock Overview

Meritz Financial Group Inc., through its subsidiaries, provides various financial services in South Korea.

Meritz Financial Group Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for Meritz Financial Group
Historical stock prices
Current Share Price₩30,700.00
52 Week High₩55,900.00
52 Week Low₩17,050.00
Beta0.17
1 Month Change-19.21%
3 Month Change-19.53%
1 Year Change73.45%
3 Year Change118.51%
5 Year Change108.84%
Change since IPO455.15%

Recent News & Updates

Shareholder Returns

A138040KR Diversified FinancialKR Market
7D1.2%0.6%1.6%
1Y73.4%51.7%-14.2%

Return vs Industry: A138040 exceeded the KR Diversified Financial industry which returned 51.7% over the past year.

Return vs Market: A138040 exceeded the KR Market which returned -14.2% over the past year.

Price Volatility

Is A138040's price volatile compared to industry and market?
A138040 volatility
A138040 Average Weekly Movement7.0%
Diversified Financial Industry Average Movement6.9%
Market Average Movement5.6%
10% most volatile stocks in KR Market10.4%
10% least volatile stocks in KR Market3.2%

Stable Share Price: A138040 is not significantly more volatile than the rest of KR stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: A138040's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
200715Yong Bum Kimhttps://www.meritzgroup.com

Meritz Financial Group Inc., through its subsidiaries, provides various financial services in South Korea. The company offers fire, marine, long-term, automobile, and general insurance products, as well as credit financing, asset management, etc.; and securities and OTC derivatives investment/brokerage and trading, trust, and investment consulting and discretion services. It is also involved in the provision of car financing, personal loan, and corporate financing services; real estate investment trusts management services; and commissioned management of investment trusts.

Meritz Financial Group Fundamentals Summary

How do Meritz Financial Group's earnings and revenue compare to its market cap?
A138040 fundamental statistics
Market Cap₩3.77t
Earnings (TTM)₩762.65b
Revenue (TTM)₩15.61t

4.9x

P/E Ratio

0.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
A138040 income statement (TTM)
Revenue₩15.61t
Cost of Revenue₩0
Gross Profit₩15.61t
Other Expenses₩14.84t
Earnings₩762.65b

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)6.21k
Gross Margin100.00%
Net Profit Margin4.89%
Debt/Equity Ratio835.1%

How did A138040 perform over the long term?

See historical performance and comparison

Dividends

0.7%

Current Dividend Yield

4%

Payout Ratio

Valuation

Is Meritz Financial Group undervalued compared to its fair value and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


39.0%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: A138040 (₩30700) is trading below our estimate of fair value (₩50350.15)

Significantly Below Fair Value: A138040 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: A138040 is good value based on its PE Ratio (4.9x) compared to the Asian Diversified Financial industry average (13.4x).

PE vs Market: A138040 is good value based on its PE Ratio (4.9x) compared to the KR market (14.1x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate A138040's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: A138040 is good value based on its PB Ratio (1x) compared to the KR Diversified Financial industry average (1.2x).


Future Growth

How is Meritz Financial Group forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


-50.5%

Forecasted annual revenue growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if A138040's forecast earnings growth is above the savings rate (3.5%).

Earnings vs Market: Insufficient data to determine if A138040's earnings are forecast to grow faster than the KR market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: A138040's revenue is expected to decline over the next 3 years (-50.5% per year).

High Growth Revenue: A138040's revenue is forecast to decline over the next 3 years (-50.5% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: A138040's Return on Equity is forecast to be low in 3 years time (5.9%).


Past Performance

How has Meritz Financial Group performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


17.7%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: A138040 has a high level of non-cash earnings.

Growing Profit Margin: A138040's current net profit margins (4.9%) are higher than last year (3.2%).


Past Earnings Growth Analysis

Earnings Trend: A138040's earnings have grown by 17.7% per year over the past 5 years.

Accelerating Growth: A138040's earnings growth over the past year (60.6%) exceeds its 5-year average (17.7% per year).

Earnings vs Industry: A138040 earnings growth over the past year (60.6%) exceeded the Diversified Financial industry 34.9%.


Return on Equity

High ROE: Whilst A138040's Return on Equity (20.1%) is high, this metric is skewed due to their high level of debt.


Financial Health

How is Meritz Financial Group's financial position? (This company is analysed differently as a bank or financial institution)

Financial Health Score

2/6

Financial Health Score 2/6

  • Asset Level

  • Allowance for Bad Loans

  • Low Risk Liabilities

  • Loan Level

  • Low Risk Deposits

  • Level of Bad Loans

Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: A138040's Assets to Equity ratio (11.9x) is moderate.

Allowance for Bad Loans: Insufficient data to determine if A138040 has a sufficient allowance for bad loans.

Low Risk Liabilities: 97% of A138040's liabilities are made up of primarily higher risk sources of funding.

Loan Level: A138040 has an appropriate level of Loans to Assets ratio (19%).

Low Risk Deposits: A138040's Loans to Deposits ratio (604%) is high.

Level of Bad Loans: Insufficient data to determine if A138040 has an appropriate level of bad loans.


Dividend

What is Meritz Financial Group current dividend yield, its reliability and sustainability?

Dividend Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


0.68%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: A138040's dividend (0.68%) isn’t notable compared to the bottom 25% of dividend payers in the KR market (0.85%).

High Dividend: A138040's dividend (0.68%) is low compared to the top 25% of dividend payers in the KR market (2.75%).


Stability and Growth of Payments

Stable Dividend: A138040 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: A138040 has only been paying a dividend for 2 years, and since then payments have fallen.


Current Payout to Shareholders

Earnings Coverage: With its low payout ratio (3.5%), A138040's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: A138040's dividends in 3 years are forecast to be thoroughly covered by earnings (1.8% payout ratio).


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

2.2yrs

Average board tenure


CEO

Yong Bum Kim (58 yo)

no data

Tenure

Mr. Yong Bum Kim serves as the Chief Executive Officer at Meritz Fire & Marine Insurance Co., Ltd. since March 20, 2015 and serves as its Vice Chairman. Mr. Kim serves as Chief Executive Officer and Presid...


Board Members

Experienced Board: A138040's board of directors are not considered experienced ( 2.2 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Meritz Financial Group Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Meritz Financial Group Inc.
  • Ticker: A138040
  • Exchange: KOSE
  • Founded: 2007
  • Industry: Other Diversified Financial Services
  • Sector: Diversified Financials
  • Implied Market Cap: ₩3.769t
  • Shares outstanding: 122.78m
  • Website: https://www.meritzgroup.com

Number of Employees


Location

  • Meritz Financial Group Inc.
  • 382, Gangnam-daero
  • Gangnam-gu
  • Seoul
  • South Korea

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/22 00:00
End of Day Share Price2022/05/20 00:00
Earnings2021/12/31
Annual Earnings2021/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.