Mirae Asset Daewoo Securities Co Ltd (006800) fair value: what the stock is really worth
As of Nov 5, 2026: fair value (intrinsic value) of Mirae Asset Daewoo Securities Co Ltd stock KRW 16,331, price KRW 24,050, that is 32.1% below the price, quality 48 out of 100. Rating: overvalued. Calculated from audited financials with 6 of our 26 valuation models and 37 quality factors, updated daily.
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Our calculation puts a fair price 32% below what the stock costs today.
1.2% dividend yield · Low payout
Costs just 5.4 times its yearly profit.
Quality 48/100
Mixed Growth(revenue 5y +8.5 %/yr in KRW)
Thin margins · 8.8% net margin (TTM)
Mixed vs. peers(6/12)
Wide moat65/100 · thin data
Some data
Fair value 16,331 KRW · Overvalued (−32.1%)
⚠ Dilution
Risks from the AI analysis
🚩Price drop: Expected third-quarter loss driven by lower trading volumes and SpaceX valuation losses🚩Low-cost digital brokers eroding retail brokerage share🚩FSS scrutiny over allocation and trading practices
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 6, 2026.
How to read this chart
60‑month range 5,527 KRW – 83,800 KRW · fair‑value band 12,248 KRW – 20,414 KRW · the 24,050 KRW price screens above the 16,331 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.
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Mirae Asset Securities Co., Ltd. engages in the provision of various financial services in South Korea and internationally. It operates through Wealth Management, Investment Banking, Sales and Trading, and Principal Investment and Others segments.
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The company provides diverse financial solutions, such as Initial Public Offerings (IPO), Pre-IPO, mezzanine financing, rights offerings, corporate bonds, acquisition financing, asset securitization, and real estate project financing (PF); investment finance solutions related to aircrafts, ships, power generation, and infrastructures; as well as investment products, including stocks, bonds, exchange-traded and over-the-counter derivatives, foreign exchange, credit, and carbon emissions trading.
It also offers custody and brokerage services; public offering funds, stocks, ETFs, ELS/DLS, wrap accounts, trusts, and other financial products; and AI-based financial services, comprehensive consulting services, and pension solutions.
The company was formerly known as Mirae Asset Daewoo Co., Ltd. and changed its name to Mirae Asset Securities Co. Ltd. in March 2021. Mirae Asset Securities Co., Ltd. was incorporated in 1970 and is headquartered in Seoul, South Korea.
Stock analysis
Mirae Asset Daewoo Securities Co Ltd (006800) currently trades at 24,050 KRW, while our model-based Fair Value estimate is 16,331 KRW, 32% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 29,662 KRW per share, and 2 of the 6 models we run sit above the 24,050 KRW price.
Bear case: the Dividend Discount group reads lowest at 2,012 KRW, and 4 of the 6 models stay below the price. Data coverage for this calculation is medium.
Scenario range: 12,248 KRW (bear) to 20,414 KRW (bull), the price of 24,050 KRW sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 48/100 (below-average quality), in the Financial Services sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Mirae Asset Daewoo Securities Co Ltd reported revenue of 3.1T KRW in FY2024 versus 2.6T KRW in FY2020, a compound +4.9%/yr. Reported net income was 1.6T KRW in FY2025, compounding +8.0%/yr from FY2021.
Key figures
Market cap 14.2T KRW (≈ $10.4B) Large · P/E ratio 5.4 · P/S ratio 0.34 · EPS (TTM) 4,756 KRW · Dividend yield 1.2% · Return on equity 26.7% · Return on assets (EBIT) 3.3% · Operating margin 30.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 65 out of 100 (low confidence).
What moves the price
The share trades about 71% below its 52-week high and 18% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −12% fair-value upside, at −32%, 006800 screens richer than that median.
Fair Value models
Bear12,248 KRWFair Value 16,331 KRWBull20,414 KRW
Price 24,050 KRW · Downside -32.1%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2024 figures (about 12 months old). Earnings retained since then (4,456 KRW per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Best data coverage
Residual Income19,777 KRW22,166 KRW29,837 KRW75
Gordon GGM1,213 KRW2,222 KRW3,104 KRW65
DDM Multi-Stage1,213 KRW2,012 KRW2,370 KRW65
All 6 models by family
Dividend Discount
Gordon GGM1,213 KRW2,222 KRW3,104 KRW65
DDM Multi-Stage1,213 KRW2,012 KRW2,370 KRW65
Multiples
P/E Multiple26,000 KRW34,667 KRW43,334 KRW61
P/B Multiple22,247 KRW29,662 KRW37,078 KRW53
Asset-Based
NCAV (Graham)10,594 KRW14,195 KRW21,187 KRW52
Economic Profit
Residual Income19,777 KRW22,166 KRW29,837 KRW75
The fair value above starts from this blend and is adjusted for dilution from new shares.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.42/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+43.8%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−1.4%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+8.5%
Revenue growth 25 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+13.5%
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What shareholders gained per year (last 5 years), in KRW (mathematically smoothed) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip. Measured in KRW: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+10.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year+9.7%
Dividend (yield on the price)1.2%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.10.2% vs 42.9%, slowing
2025 sits 157% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
AI conclusion: Steadier income from structured products and wealth management forms the main strength, while heavy exposure to brokerage fees and mark-to-market swings remains the central weakness.
Main risk: Rivals such as Kiwoom Securities and Toss Securities could capture more retail and overseas trading customers through low-fee mobile platforms, squeezing Mirae Asset Securities' brokerage commission margins and volumes.
Bull case: By expanding its robo-advisor and AI tools alongside international brokerage acquisitions in Japan and elsewhere, Mirae Asset Securities could strengthen client retention in wealth management and structured products while offsetting any brokerage pressure.
Bear case: If digital rivals continue gaining ground in low-cost trading and regulatory actions impose lasting restrictions or costs, the firm might see sustained pressure on its core brokerage revenues without sufficient offset from steadier segments.
Mirae Asset Securities delivered record first-half profits but now faces an expected third-quarter loss driven by sharply lower trading volumes and valuation losses on its SpaceX holding after the won weakened. Our models see the shares as overvalued. Does the firm's heavy exposure to brokerage fees and mark-to-market swings outweigh the steadier income from structured products and wealth management, or will international access deals provide the offset needed for quicker recovery?
Compare Mirae Asset Daewoo Securities Co Ltd with another stock
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Capital Markets · 384 stocks
Beats the industry median on 6/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score48 · Below median
Fair Value upside−32.1% · Below median
Profitability
Return on equity (12 months)26.7% · Top 25%
Return on assets1.0% · Below median
Net margin (12 months)8.8% · Below median
Operating margin (12 months)30.8% · Above median
Growth and dividend
Revenue growth (quarter YoY)275.9% · Top 25%
Dividend yield (12 months)1.2% · Below median
Balance sheet
Debt / equity0.91× · Highest 25%
Valuation Multiplesvs Capital Markets median · lower = cheaper
P/E (12 months)5.4× · Cheapest 25%
P/B1.06× · Cheaper than median
P/S (12 months)0.33× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 43
FUTURE (revenue growth)100· sector 67
PAST (return on equity)100· sector 38
HEALTH (low debt)54· sector 94
DIVIDEND (yield)25· sector 47
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Mirae Asset Daewoo Securities Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/006800
Frequently asked questions
Is Mirae Asset Daewoo Securities Co Ltd (006800) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of 16,331 KRW versus a price of 24,050 KRW, about 32% lower (overvalued).
What is the fair value of 006800?
Our model-based fair value for Mirae Asset Daewoo Securities Co Ltd is 16,331 KRW (as of Nov 6, 2026), built from audited fundamentals. The current price: 24,050 KRW.
What is the quality score of 006800?
Mirae Asset Daewoo Securities Co Ltd has a Quality Score of 48/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Mirae Asset Daewoo Securities Co Ltd (006800)?
Our model-based price target is the fair value of 16,331 KRW (as of Nov 6, 2026) from 6 valuation models. Cautious scenario 12,248 KRW, optimistic scenario 20,414 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Mirae Asset Daewoo Securities Co Ltd stock forecast for 2026?
Our models put fair value at 16,331 KRW, about 32% lower versus a price of 24,050 KRW (overvalued). Cautious scenario 12,248 KRW, optimistic scenario 20,414 KRW. The calculation is refreshed regularly with new filings.
Does Mirae Asset Daewoo Securities Co Ltd pay a dividend?
Mirae Asset Daewoo Securities Co Ltd currently shows a dividend yield of 1.25% relative to its recent price (as of Nov 6, 2026).
What is the intrinsic value of Mirae Asset Daewoo Securities Co Ltd (006800)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Mirae Asset Daewoo Securities Co Ltd it is 16,331 KRW per share (as of Nov 6, 2026), against a price of 24,050 KRW. It is the blended result of 6 valuation models (cash flow, earnings, asset, dividend).
Is Mirae Asset Daewoo Securities Co Ltd stock overvalued or undervalued in 2026?
As of Nov 6, 2026, 006800 trades above its calculated fair value: price 24,050 KRW, fair value 16,331 KRW, a gap of about −32% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 006800?
No. The price is what the market pays today (24,050 KRW); the fair value is what the company's own numbers justify (16,331 KRW). For Mirae Asset Daewoo Securities Co Ltd the two are 7,719 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Mirae Asset Daewoo Securities Co Ltd worth?
The market values Mirae Asset Daewoo Securities Co Ltd at about 14.2T KRW (market capitalisation, as of Nov 6, 2026). Per share that is 24,050 KRW; our models calculate a fair value of 16,331 KRW per share.
What do the bullish and bearish scenarios say about 006800?
Our models span a range for Mirae Asset Daewoo Securities Co Ltd: cautious scenario 12,248 KRW, base 16,331 KRW, optimistic 20,414 KRW per share (as of Nov 6, 2026, price 24,050 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 006800?
Mirae Asset Daewoo Securities Co Ltd trades at a price-to-earnings ratio of 5.4 (as of Nov 6, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 16,331 KRW is built from several models across several years. Other multiples: P/B 1.1, P/S 0.3.
How solid is the balance sheet of Mirae Asset Daewoo Securities Co Ltd (006800)?
Balance-sheet figures for Mirae Asset Daewoo Securities Co Ltd (as of Nov 6, 2026): return on equity 26.7%, debt of 0.91 per unit of equity. They feed the Quality Score of 48/100, which measures business quality independently of the share price.
How far is 006800 from its 52-week high?
Mirae Asset Daewoo Securities Co Ltd trades at 24,050 KRW, about 71% below its 52-week high of 83,800 KRW and 18% above the low of 20,362 KRW (as of Nov 5, 2026). Distance from the high says nothing about value: that is what the fair value of 16,331 KRW is for.
Which stocks are comparable to Mirae Asset Daewoo Securities Co Ltd?
From the same area (Financial Services) we also value Morgan Stanley, The Goldman Sachs Group, The Charles Schwab Corporation, Interactive Brokers Group, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Mirae Asset Daewoo Securities Co Ltd stock attractive at the current price?
The data as of Nov 6, 2026: price 24,050 KRW, calculated fair value 16,331 KRW (−32%), Quality Score 48/100, from 6 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 006800 calculated?
We run Mirae Asset Daewoo Securities Co Ltd through 6 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 16,331 KRW, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 15.5% above its aggregate fair value. Mirae Asset Daewoo Securities Co Ltd itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Mirae Asset Daewoo Securities Co Ltd (006800)?
The closing price on Nov 5, 2026 was 24,050 KRW. Our model-based fair value is 16,331 KRW, about 32% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Mirae Asset Daewoo Securities Co Ltd right now?
The price sits above even our optimistic bull case (20,414 KRW). The favourable scenario is already priced in. Weak quality (48/100) and above fair value at the same time, the margin of safety is missing on both counts. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Key figures of Mirae Asset Daewoo Securities Co Ltd
How large is the market capitalisation of Mirae Asset Daewoo Securities Co Ltd (006800)?
The market capitalisation of Mirae Asset Daewoo Securities Co Ltd is 14.2T KRW (≈ $10.4B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Mirae Asset Daewoo Securities Co Ltd (006800)?
The price-to-sales ratio of Mirae Asset Daewoo Securities Co Ltd is 0.34 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Mirae Asset Daewoo Securities Co Ltd (006800)?
Earnings per share at Mirae Asset Daewoo Securities Co Ltd are 4,756 KRW (price ÷ EPS = P/E 5.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Mirae Asset Daewoo Securities Co Ltd (006800)?
The dividend yield of Mirae Asset Daewoo Securities Co Ltd is 1.2% (payout 6.3%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the return on equity of Mirae Asset Daewoo Securities Co Ltd (006800)?
The return on equity (ROE) of Mirae Asset Daewoo Securities Co Ltd is 26.7% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Mirae Asset Daewoo Securities Co Ltd (006800)?
On an EBIT basis the return on assets of Mirae Asset Daewoo Securities Co Ltd is 3.3% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Mirae Asset Daewoo Securities Co Ltd (006800)?
The operating margin of Mirae Asset Daewoo Securities Co Ltd is 30.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Mirae Asset Daewoo Securities Co Ltd (006800)?
Revenue at Mirae Asset Daewoo Securities Co Ltd is growing +276% versus a year earlier (3y avg −1.4%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Mirae Asset Daewoo Securities Co Ltd (006800)?
Earnings per share at Mirae Asset Daewoo Securities Co Ltd are growing +269% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Mirae Asset Daewoo Securities Co Ltd (006800) generate?
The free cash flow of Mirae Asset Daewoo Securities Co Ltd is −10.3T KRW (fiscal year 2024). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Mirae Asset Daewoo Securities Co Ltd (006800) carry?
The net debt of Mirae Asset Daewoo Securities Co Ltd is 19.0T KRW (fiscal year 2024). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Some data
Nov 6, 2026