Korean Reinsurance Company

KOSE:A003690 Stock Report

Market Cap: ₩1.4t

Korean Reinsurance Valuation

Is A003690 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • 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 A003690 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: A003690 (₩7900) is trading below our estimate of fair value (₩27893.5)

Significantly Below Fair Value: A003690 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for A003690?

Key metric: As A003690 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for A003690. This is calculated by dividing A003690's market cap by their current earnings.
What is A003690's PE Ratio?
PE Ratio6.7x
Earnings₩207.86b
Market Cap₩1.40t

Price to Earnings Ratio vs Peers

How does A003690's PE Ratio compare to its peers?

The above table shows the PE ratio for A003690 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average2.9x
A082640 Tong Yang Life Insurance
3.6x10.1%₩913.8b
A088350 Hanwha Life Insurance
3.6x10.8%₩2.1t
A001450 Hyundai Marine & Fire Insurance
2.4x7.6%₩2.2t
A000400 Lotte Non - Life Insurance
2.2xn/a₩611.4b
A003690 Korean Reinsurance
6.7x15.2%₩1.4t

Price-To-Earnings vs Peers: A003690 is expensive based on its Price-To-Earnings Ratio (6.7x) compared to the peer average (2.9x).

Price to Earnings Ratio vs Industry

How does A003690's PE Ratio compare vs other companies in the Asian Insurance Industry?

7 CompaniesPrice / EarningsEstimated GrowthMarket Cap
A003690 6.7xIndustry Avg. 10.8xNo. of Companies49PE0816243240+
7 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: A003690 is good value based on its Price-To-Earnings Ratio (6.7x) compared to the Asian Insurance industry average (10.9x).

Price to Earnings Ratio vs Fair Ratio

What is A003690'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.

A003690 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio6.7x
Fair PE Ratio6x

Price-To-Earnings vs Fair Ratio: A003690 is expensive based on its Price-To-Earnings Ratio (6.7x) compared to the estimated Fair Price-To-Earnings Ratio (6x).

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 A003690 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₩7,900.00
₩8,451.39
+7.0%
7.9%₩9,500.00₩7,638.89n/a4
Nov ’25₩7,850.00
₩8,368.06
+6.6%
6.5%₩9,166.67₩7,638.89n/a4
Oct ’25₩6,866.67
₩8,368.06
+21.9%
6.5%₩9,166.67₩7,638.89n/a4
Sep ’25₩7,058.33
₩8,368.06
+18.6%
6.5%₩9,166.67₩7,638.89n/a4
Aug ’25₩6,975.00
₩8,368.06
+20.0%
6.5%₩9,166.67₩7,638.89n/a4
Jul ’25₩6,600.00
₩7,847.22
+18.9%
13.6%₩9,166.67₩6,250.00n/a4
Jun ’25₩6,733.33
₩7,944.44
+18.0%
12.3%₩9,166.67₩6,250.00n/a5
May ’25₩6,825.00
₩7,827.78
+14.7%
15.1%₩9,166.67₩5,666.67n/a5
Apr ’25₩6,941.67
₩7,827.78
+12.8%
15.1%₩9,166.67₩5,666.67n/a5
Mar ’25₩6,700.00
₩7,966.67
+18.9%
15.0%₩9,166.67₩5,666.67n/a5
Feb ’25₩6,508.33
₩7,966.67
+22.4%
15.0%₩9,166.67₩5,666.67n/a5
Jan ’25₩5,958.33
₩7,966.67
+33.7%
15.0%₩9,166.67₩5,666.67n/a5
Dec ’24₩6,425.00
₩8,055.56
+25.4%
16.9%₩9,722.22₩5,555.56n/a5
Nov ’24₩6,166.67
₩7,870.37
+27.6%
18.1%₩9,722.22₩6,250.00₩7,850.003
Oct ’24₩5,722.22
₩6,684.03
+16.8%
12.4%₩7,638.89₩5,555.56₩6,866.674
Sep ’24₩5,409.72
₩6,684.03
+23.6%
12.4%₩7,638.89₩5,555.56₩7,058.334
Aug ’24₩4,847.22
₩6,684.03
+37.9%
12.4%₩7,638.89₩5,555.56₩6,975.004
Jul ’24₩4,868.06
₩6,684.03
+37.3%
12.4%₩7,638.89₩5,555.56₩6,600.004
Jun ’24₩5,013.89
₩6,684.03
+33.3%
12.4%₩7,638.89₩5,555.56₩6,733.334
May ’24₩5,256.94
₩6,597.22
+25.5%
11.5%₩7,638.89₩5,555.56₩6,825.005
Apr ’24₩5,048.61
₩6,597.22
+30.7%
11.5%₩7,638.89₩5,555.56₩6,941.675
Mar ’24₩5,666.67
₩6,597.22
+16.4%
11.5%₩7,638.89₩5,555.56₩6,700.005
Feb ’24₩5,375.00
₩5,972.22
+11.1%
10.0%₩6,944.44₩5,208.33₩6,508.335
Jan ’24₩4,729.17
₩5,656.83
+19.6%
5.3%₩5,960.65₩5,208.33₩5,958.334
Dec ’23₩4,849.54
₩5,410.88
+11.6%
7.2%₩5,960.65₩4,918.98₩6,425.004
Nov ’23₩4,236.11
₩5,830.44
+37.6%
15.4%₩7,233.80₩4,918.98₩6,166.674

Analyst Forecast: Target price is less than 20% higher than the current share price.

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