Yuhwa Sec (003460) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Yuhwa Sec stock KRW 4,692, price KRW 2,755, upside +70.3%, quality 52 out of 100. Rating: strongly undervalued. Calculated from audited financials with 2 of our 26 valuation models and 37 quality factors, updated daily.
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 8, 2026.
How to read this chart
60‑month range 1,733 KRW – 3,923 KRW · fair‑value band 3,519 KRW – 5,865 KRW · the 2,755 KRW price screens below the 4,692 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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Yuhwa Securities co.,ltd. provides securities services in South Korea. It offers corporate funding services; advisory services related to mergers and acquisitions, and business transfer; private equity funds; real estate PF financial advisory services; and structured financing products.
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The company was founded in 1962 and is headquartered in Seoul, South Korea.
Stock analysis
Yuhwa Sec (003460) currently trades at 2,755 KRW, while our model-based Fair Value estimate is 4,692 KRW, implying the stock looks roughly 41% undervalued today.
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Valuation
How firm this estimate is: it rests on 2 models at a data quality of 95/100, which puts the data coverage at medium.
Scenario range: 3,519 KRW (bear) to 5,865 KRW (bull), the price of 2,755 KRW sits below 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 52/100 (solid quality), in the Financial Services sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Yuhwa Sec reported revenue of 31.1B KRW in FY2025 versus 23.0B KRW in FY2021, a compound +7.9%/yr. Reported net income was 14.1B KRW in FY2025, compounding +10.0%/yr from FY2021.
Key figures
Market cap 167B KRW (≈ $124M) Micro · P/E ratio 15.5 · P/S ratio 7.01 · EPS (TTM) 183.90 KRW · Dividend yield 8.0% · Net margin 45.2% · Return on equity 3.4% · Return on assets (EBIT) 1.5% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 36 out of 100 (low confidence).
What moves the price
The share trades about 30% below its 52-week high and 10% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −11% fair-value upside, at 70%, 003460 screens cheaper than that median.
Fair Value models
Bear3,519 KRWFair Value 4,692 KRWBull5,865 KRW
Price 2,755 KRW · Upside +70.3%
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.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
P/B Multiple5,655 KRW7,541 KRW9,426 KRW53
NCAV (Graham)2,095 KRW3,174 KRW3,968 KRW53
All 2 models by family
Multiples
P/B Multiple5,655 KRW7,541 KRW9,426 KRW53
Asset-Based
NCAV (Graham)2,095 KRW3,174 KRW3,968 KRW53
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.86/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−16.1%
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.
+21.5%
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.
+12.7%
Start year 2020 (pandemic). Over 10 years: +3.3% a year
Revenue growth 26 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.
−9.5%
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What shareholders gained per year (last 5 years), in KRW ⓘ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. 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.
+19.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year+11.5%
Dividend (yield on the price)8.0%
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.11.5% vs 6.5%, picking up
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−20.2%
The company could shrink this much every year for the next five years and today's price would still be justified.
What forecasts expect
n/a
No analyst forecast available.
After inflation (South Korea: IMF forecast 2.1% a year to 2030, 2.1% from 2016 to 2025) that is about −21.8% a year for the price.
Price, fair value, quality and upside side by side.
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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 · 385 stocks
Beats the industry median on 6/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score52 · Below median
Fair Value upside+70.3% · Top 25%
Profitability
Return on equity (12 months)3.4% · Bottom 25%
Return on assets1.7% · Below median
Net margin (12 months)53.4% · Top 25%
Operating margin (12 months)−3.9% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)−53.2% · Bottom 25%
Dividend yield (12 months)8.0% · Top 25%
Balance sheet
Debt / equity0.03× · Below median
Valuation Multiplesvs Capital Markets median · lower = cheaper
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). "Yuhwa Sec Fair Value". https://www.fairvalue-calculator.com/stock/003460
Frequently asked questions
Is Yuhwa Sec (003460) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of 4,692 KRW versus a price of 2,755 KRW, about +70% upside (undervalued).
What is the fair value of 003460?
Our model-based fair value for Yuhwa Sec is 4,692 KRW (as of Nov 8, 2026), built from audited fundamentals. The current price: 2,755 KRW.
What is the quality score of 003460?
Yuhwa Sec has a Quality Score of 52/100. 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 Yuhwa Sec (003460)?
Our model-based price target is the fair value of 4,692 KRW (as of Nov 8, 2026) from 2 valuation models. Cautious scenario 3,519 KRW, optimistic scenario 5,865 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Yuhwa Sec stock forecast for 2026?
Our models put fair value at 4,692 KRW, about +70% upside versus a price of 2,755 KRW (undervalued). Cautious scenario 3,519 KRW, optimistic scenario 5,865 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Yuhwa Sec (003460)?
Yuhwa Sec reported trailing-twelve-month revenue of about 33.1B KRW (latest available figure, as of Nov 8, 2026).
Does Yuhwa Sec pay a dividend?
Yuhwa Sec currently shows a dividend yield of 7.99% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of Yuhwa Sec (003460) and when is the ex-dividend date?
Yuhwa Sec pays a dividend of 220.00 KRW per share a year, a dividend yield of 8.0%. The last ex-dividend date was Mar 30, 2026. The payout ratio is 120% of earnings. Free cash flow covers the dividend 6.74 times. Our assessment: Sustainable. Payout and cash coverage both look sustainable.
What growth is priced into Yuhwa Sec (003460)?
For today's price to be fair in a discounted-cash-flow model, Yuhwa Sec would have to grow free cash flow by -20.2 % per year for five years (discount rate 11.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +12.7 % per year. As of Nov 8, 2026.
What discount rate (WACC) does the fair value of 003460 use?
Our models discount Yuhwa Sec at 11.8 %: a base by market capitalisation (micro), damped by beta 0.58, country premium for South Korea. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Yuhwa Sec that is -20.2 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (11.8 %) and the same formula as our fair value.
How much growth has Yuhwa Sec (003460) delivered so far?
Over the past 5 years revenue at Yuhwa Sec grew +12.7 % a year. The price currently implies free-cash-flow growth of -20.2 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Yuhwa Sec (003460) growing?
The median revenue growth in the sector is +9.2 % a year. That is the yardstick for the growth priced into Yuhwa Sec (-20.2 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Yuhwa Sec (003460)?
The free-cash-flow yield on the price is 40.63 %: that much free cash flow Yuhwa Sec produces per unit of market value. When it exceeds the discount rate of our models (11.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Yuhwa Sec (003460)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Yuhwa Sec it is 4,692 KRW per share (as of Nov 8, 2026), against a price of 2,755 KRW. It is the blended result of 2 valuation models in 2 families (Multiples, Asset-Based).
Is Yuhwa Sec stock overvalued or undervalued in 2026?
As of Nov 8, 2026, 003460 trades below its calculated fair value: price 2,755 KRW, fair value 4,692 KRW, a gap of about +70% (undervalued). 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 003460?
No. The price is what the market pays today (2,755 KRW); the fair value is what the company's own numbers justify (4,692 KRW). For Yuhwa Sec the two are 1,937 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Yuhwa Sec worth?
The market values Yuhwa Sec at about 167B KRW (market capitalisation, as of Nov 8, 2026). Per share that is 2,755 KRW; our models calculate a fair value of 4,692 KRW per share.
What do the bullish and bearish scenarios say about 003460?
Our models span a range for Yuhwa Sec: cautious scenario 3,519 KRW, base 4,692 KRW, optimistic 5,865 KRW per share (as of Nov 8, 2026, price 2,755 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 003460?
Yuhwa Sec trades at a price-to-earnings ratio of 15.5 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 4,692 KRW is built from several models across several years. Median P/E at fiscal year-end, 6 fiscal years (2020 to 2025), reported earnings: 15.9. Other multiples: P/B 0.3, P/S 5.0.
How solid is the balance sheet of Yuhwa Sec (003460)?
Balance-sheet figures for Yuhwa Sec (as of Nov 8, 2026): return on equity 3.4%, debt of 0.03 per unit of equity. They feed the Quality Score of 52/100, which measures business quality independently of the share price.
How far is 003460 from its 52-week high?
Yuhwa Sec trades at 2,755 KRW, about 30% below its 52-week high of 3,923 KRW and 10% above the low of 2,507 KRW (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of 4,692 KRW is for.
Which stocks are comparable to Yuhwa Sec?
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 Yuhwa Sec stock attractive at the current price?
The data as of Nov 8, 2026: price 2,755 KRW, calculated fair value 4,692 KRW (+70%), Quality Score 52/100, from 2 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 003460 calculated?
We run Yuhwa Sec through 2 models from 2 families: Multiples, Asset-Based. Every model gets the same audited fundamentals; the fair value of 4,692 KRW builds on their evidence-weighted average, 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 13.3% above its aggregate fair value. Yuhwa Sec currently trades 41% below its own fair value, and the market average says nothing about that. 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 Yuhwa Sec (003460)?
The closing price on Nov 9, 2026 was 2,755 KRW. Our model-based fair value is 4,692 KRW, about +70% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Yuhwa Sec right now?
The price is below even our cautious bear case (3,519 KRW). The market is more pessimistic than our downside scenario. Solid quality (52/100) at a price below fair value, the discount is the argument here, not the business quality. 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 Yuhwa Sec
How large is the market capitalisation of Yuhwa Sec (003460)?
The market capitalisation of Yuhwa Sec is 167B KRW (≈ $124M). 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 Yuhwa Sec (003460)?
The price-to-sales ratio of Yuhwa Sec is 7.01 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Yuhwa Sec (003460)?
Earnings per share at Yuhwa Sec are 183.90 KRW (price ÷ EPS = P/E 15.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Yuhwa Sec (003460)?
The dividend yield of Yuhwa Sec is 8.0% (payout 120%). 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 net margin of Yuhwa Sec (003460)?
The net margin of Yuhwa Sec is 45.2% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Yuhwa Sec (003460)?
The return on equity (ROE) of Yuhwa Sec is 3.4% (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 Yuhwa Sec (003460)?
On an EBIT basis the return on assets of Yuhwa Sec is 1.5% (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 Yuhwa Sec (003460)?
The operating margin of Yuhwa Sec is −3.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Yuhwa Sec (003460)?
Revenue at Yuhwa Sec is growing −53.2% versus a year earlier (3y avg +21.5%). 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 Yuhwa Sec (003460)?
Earnings per share at Yuhwa Sec are growing −60.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Yuhwa Sec (003460) carry?
The net debt of Yuhwa Sec is 10.3B KRW (fiscal year 2021, ≈ 0.2 yrs of FCF). 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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Nov 8, 2026