Korean Reinsu (003690) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Korean Reinsu stock KRW 18,532, price KRW 13,280, upside +39.5%, quality 57 out of 100. Rating: undervalued. Calculated from audited financials with 6 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 7, 2026.
How to read this chart
60‑month range 3,279 KRW – 15,470 KRW · fair‑value band 17,285 KRW – 20,672 KRW · the 13,280 KRW price screens below the 18,532 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
Follow Korean Reinsu in your weekly email
Every Wednesday you see whether Korean Reinsu is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
Korean Reinsurance Company, a reinsurance company, provides life and non-life reinsurance products in Korea and internationally.
Show moreShow less
The company offers property insurance products, such as fire, property all risks, inland floater, and museum; engineering insurance products, including contractor's and erection all risks, machinery, electric equipment, civil engineering completed risk, contractor's plant and machinery, and comprehensive machinery; marine insurance products comprising hull, cargo, and aviation; and casualty insurance products, such as general and professional liability, workers compensation, personal accident, guarantee, and other specialty insurance.
It also provides life reinsurance, including insurance against death such as term and permanent insurance; health, critical illness, cancer, and care insurance; and other insurance accidents, juvenile, and insurance for people with medical condition.
Korean Reinsurance Company was incorporated in 1963 and is based in Seoul, South Korea.
Stock analysis
Korean Reinsu (003690) currently trades at 13,280 KRW, while our model-based Fair Value estimate is 18,532 KRW, implying the stock looks roughly 28% undervalued today.
Show more
Valuation
Bull case: the Multiples group reads highest at a median of 26,316 KRW per share, and 4 of the 6 models we run sit above the 13,280 KRW price.
Bear case: the Dividend Discount group reads lowest at 8,633 KRW, and 2 of the 6 models stay below the price. Data coverage for this calculation is high.
Scenario range: 17,285 KRW (bear) to 20,672 KRW (bull), the price of 13,280 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 57/100 (solid quality), in the Financial Services sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Korean Reinsu reported revenue of 4.3T KRW in FY2025 versus 6.7T KRW in FY2021, a compound −10.2%/yr. Reported net income was 322B KRW in FY2025, compounding +20.4%/yr from FY2021.
Key figures
Market cap 2.3T KRW (≈ $1.7B) Small · P/E ratio 5.6 · P/S ratio 0.53 · EPS (TTM) 2,411 KRW · Dividend yield 4.3% · Net margin 10.6% · Return on equity 12.5% · Return on assets (EBIT) 2.2% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 47 out of 100 (low confidence).
What moves the price
The share trades about 14% below its 52-week high and 29% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at 7% fair-value upside, at 40%, 003690 screens cheaper than that median.
Fair Value models
Bear17,285 KRWFair Value 18,532 KRWBull20,672 KRW
Price 13,280 KRW · Upside +39.5%
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 2025 figures (about 10 months old). Earnings retained since then (1,579 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.
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.40/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−4.6%
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.
−2.4%
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.
−7.6%
Start year 2020 (pandemic). Over 10 years: −1.1% 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.
+3.4%
’14
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
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.
+8.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year+4.0%
Dividend (yield on the price)4.3%
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.4.0% vs 5.6%, steady
Pace: the 5-year rate starts in 2020 (pandemic)
⚠ Revenue per share shrinking 14.5%/yr over ~7Y (margin trend unclear) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Price, fair value, quality and upside side by side.
Free, no sign-up
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.Insurance - Reinsurance · 22 stocks
Beats the industry median on 8/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score57 · Below median
Fair Value upside+39.5% · Top 25%
Profitability
Return on equity (12 months)12.5% · Below median
Return on assets2.3% · Bottom 25%
Net margin (12 months)10.6% · Below median
Operating margin (12 months)9.7% · Below median
Growth and dividend
Revenue growth (quarter YoY)−0.6% · Above median
Dividend yield (12 months)4.3% · Above median
Valuation Multiplesvs Insurance - Reinsurance 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). "Korean Reinsu Fair Value". https://www.fairvalue-calculator.com/stock/003690
Frequently asked questions
Is Korean Reinsu (003690) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of 18,532 KRW versus a price of 13,280 KRW, about +40% upside (undervalued).
What is the fair value of 003690?
Our model-based fair value for Korean Reinsu is 18,532 KRW (as of Nov 7, 2026), built from audited fundamentals. The current price: 13,280 KRW.
What is the quality score of 003690?
Korean Reinsu has a Quality Score of 57/100. 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 Korean Reinsu (003690)?
Our model-based price target is the fair value of 18,532 KRW (as of Nov 7, 2026) from 6 valuation models. Cautious scenario 17,285 KRW, optimistic scenario 20,672 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Korean Reinsu stock forecast for 2026?
Our models put fair value at 18,532 KRW, about +40% upside versus a price of 13,280 KRW (undervalued). Cautious scenario 17,285 KRW, optimistic scenario 20,672 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Korean Reinsu (003690)?
Korean Reinsu reported trailing-twelve-month revenue of about 4.4T KRW (latest available figure, as of Nov 7, 2026).
Does Korean Reinsu pay a dividend?
Korean Reinsu currently shows a dividend yield of 4.29% relative to its recent price (as of Nov 7, 2026).
How much is the dividend of Korean Reinsu (003690) and when is the ex-dividend date?
Korean Reinsu pays a dividend of 570.00 KRW per share a year, a dividend yield of 4.3%. The last ex-dividend date was Mar 31, 2026. The payout ratio is 23.6% of earnings. Free cash flow covers the dividend 16.39 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What is the intrinsic value of Korean Reinsu (003690)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Korean Reinsu it is 18,532 KRW per share (as of Nov 7, 2026), against a price of 13,280 KRW. It is the blended result of 6 valuation models in 4 families (Dividend Discount, Multiples, Asset-Based, Economic Profit).
Is Korean Reinsu stock overvalued or undervalued in 2026?
As of Nov 7, 2026, 003690 trades below its calculated fair value: price 13,280 KRW, fair value 18,532 KRW, a gap of about +40% (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 003690?
No. The price is what the market pays today (13,280 KRW); the fair value is what the company's own numbers justify (18,532 KRW). For Korean Reinsu the two are 5,252 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Korean Reinsu worth?
The market values Korean Reinsu at about 2.3T KRW (market capitalisation, as of Nov 7, 2026). Per share that is 13,280 KRW; our models calculate a fair value of 18,532 KRW per share.
What do the bullish and bearish scenarios say about 003690?
Our models span a range for Korean Reinsu: cautious scenario 17,285 KRW, base 18,532 KRW, optimistic 20,672 KRW per share (as of Nov 7, 2026, price 13,280 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 003690?
Korean Reinsu trades at a price-to-earnings ratio of 5.6 (as of Nov 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 18,532 KRW is built from several models across several years. Other multiples: P/B 0.6, P/S 0.5, EV/EBITDA 6.3.
How solid is the balance sheet of Korean Reinsu (003690)?
Balance-sheet figures for Korean Reinsu (as of Nov 7, 2026): return on equity 12.5%. They feed the Quality Score of 57/100, which measures business quality independently of the share price.
How far is 003690 from its 52-week high?
Korean Reinsu trades at 13,280 KRW, about 14% below its 52-week high of 15,470 KRW and 29% above the low of 10,328 KRW (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of 18,532 KRW is for.
Which stocks are comparable to Korean Reinsu?
From the same area (Financial Services) we also value MUV2, Swiss Re AG, Hannover Rück SE, Reinsurance 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 Korean Reinsu stock attractive at the current price?
The data as of Nov 7, 2026: price 13,280 KRW, calculated fair value 18,532 KRW (+40%), Quality Score 57/100, 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 003690 calculated?
We run Korean Reinsu through 6 models from 4 families: Dividend Discount, Multiples, Asset-Based, Economic Profit. Every model gets the same audited fundamentals; the fair value of 18,532 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. Korean Reinsu currently trades 28% 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 Korean Reinsu (003690)?
The closing price on Nov 9, 2026 was 13,280 KRW. Our model-based fair value is 18,532 KRW, about +40% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Korean Reinsu right now?
The price is below even our cautious bear case (17,285 KRW). The market is more pessimistic than our downside scenario. Solid quality (57/100) 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 Korean Reinsu
How large is the market capitalisation of Korean Reinsu (003690)?
The market capitalisation of Korean Reinsu is 2.3T KRW (≈ $1.7B). 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 Korean Reinsu (003690)?
The price-to-sales ratio of Korean Reinsu is 0.53 (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 Korean Reinsu (003690)?
Earnings per share at Korean Reinsu are 2,411 KRW (price ÷ EPS = P/E 5.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Korean Reinsu (003690)?
The dividend yield of Korean Reinsu is 4.3% (payout 23.6%). 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 Korean Reinsu (003690)?
The net margin of Korean Reinsu is 10.6% (last twelve months). 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 Korean Reinsu (003690)?
The return on equity (ROE) of Korean Reinsu is 12.5% (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 Korean Reinsu (003690)?
On an EBIT basis the return on assets of Korean Reinsu is 2.2% (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 Korean Reinsu (003690)?
The operating margin of Korean Reinsu is 9.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Korean Reinsu (003690)?
Revenue at Korean Reinsu is growing −0.6% versus a year earlier (3y avg −2.4%). 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 Korean Reinsu (003690)?
Earnings per share at Korean Reinsu are growing +24.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Korean Reinsu (003690) generate?
The free cash flow of Korean Reinsu is 1.7T KRW (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
Free · no account needed
Watch Korean Reinsu in the live analysis
One click puts Korean Reinsu on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 27,000+ stock screener.
Broad data
Nov 7, 2026