DB Financial Investment Co Ltd (016610) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of DB Financial Investment Co Ltd stock KRW 16,456, price KRW 8,980, upside +83.3%, quality 48 out of 100. Rating: strongly 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 5, 2026.
How to read this chart
60‑month range 3,215 KRW – 16,838 KRW · fair‑value band 12,342 KRW – 20,570 KRW · the 8,980 KRW price screens below the 16,456 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 5, 2026.
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DB Securities Co., Ltd. engages in investment trading, brokerage, and advisory businesses in South Korea.
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It also involved in the trust, collective investment, foreign exchange, insurance agency, payment guarantee, credit granting, loan brokerage, fund transfer, and credit card recruitment agency businesses.
The company was formerly known as DB Financial Investment Co., Ltd. and changed its name to DB Securities Co., Ltd. in April 2025. DB Securities Co., Ltd. was founded in 1982 and is headquartered in Seoul, South Korea.
Stock analysis
DB Financial Investment Co Ltd (016610) currently trades at 8,980 KRW, while our model-based Fair Value estimate is 16,456 KRW, implying the stock looks roughly 45% undervalued today.
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Valuation
Bull case: the Economic Profit group reads highest at a median of 19,483 KRW per share, and 3 of the 6 models we run sit above the 8,980 KRW price.
Bear case: the Dividend Discount group reads lowest at 4,196 KRW, and 3 of the 6 models stay below the price. Data coverage for this calculation is medium.
Scenario range: 12,342 KRW (bear) to 20,570 KRW (bull), the price of 8,980 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 48/100 (below-average quality), in the Financial Services sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
DB Financial Investment Co Ltd reported revenue of 445B KRW in FY2025 versus 433B KRW in FY2021, a compound +0.7%/yr. Reported net income was 81.4B KRW in FY2025, compounding −8.7%/yr from FY2021.
Key figures
Market cap 363B KRW (≈ $268M) Micro · P/E ratio 3.3 · P/S ratio 0.12 · EPS (TTM) 2,654 KRW · Dividend yield 6.1% · Net margin 3.6% · Return on equity 8.9% · Return on assets (EBIT) 2.7% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 46 out of 100 (low confidence).
What moves the price
The share trades about 47% below its 52-week high and 9% 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 83%, 016610 screens cheaper than that median.
Fair Value models
Bear12,342 KRWFair Value 16,456 KRWBull20,570 KRW
Price 8,980 KRW · Upside +83.3%
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. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (1,804 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.31/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+25.4%
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.
+20.6%
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.
+2.7%
Start year 2020 (pandemic). Over 10 years: −9.1% 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.
+4.2%
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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.
+0.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year−5.4%
Dividend (yield on the price)6.1%
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.−2.7% vs 29.3%, slowing
2025 sits 190% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Compare DB Financial Investment Co Ltd with another stock
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 · 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+83.3% · Top 25%
Profitability
Return on equity (12 months)8.9% · Below median
Return on assets0.6% · Bottom 25%
Net margin (12 months)3.6% · Bottom 25%
Operating margin (12 months)28.1% · Below median
Growth and dividend
Revenue growth (quarter YoY)171.0% · Top 25%
Dividend yield (12 months)6.1% · Top 25%
Balance sheet
Debt / equity1.00× · Highest 25%
Valuation Multiplesvs Capital Markets median · lower = cheaper
P/E (12 months)3.3× · Cheapest 25%
P/B0.33× · Cheapest 25%
P/S (12 months)0.12× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)100· sector 42
FUTURE (revenue growth)100· sector 68
PAST (return on equity)36· sector 38
HEALTH (low debt)–
DIVIDEND (yield)100· sector 47
HEALTH: for banks, insurers and similar financial firms borrowed money is part of the business, so we do not rate debt here.
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). "DB Financial Investment Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/016610
Frequently asked questions
Is DB Financial Investment Co Ltd (016610) overvalued or undervalued?
As of Nov 5, 2026, our model estimates a fair value of 16,456 KRW versus a price of 8,980 KRW, about +83% upside (undervalued).
What is the fair value of 016610?
Our model-based fair value for DB Financial Investment Co Ltd is 16,456 KRW (as of Nov 5, 2026), built from audited fundamentals. The current price: 8,980 KRW.
What is the quality score of 016610?
DB Financial Investment 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 DB Financial Investment Co Ltd (016610)?
Our model-based price target is the fair value of 16,456 KRW (as of Nov 5, 2026) from 6 valuation models. Cautious scenario 12,342 KRW, optimistic scenario 20,570 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the DB Financial Investment Co Ltd stock forecast for 2026?
Our models put fair value at 16,456 KRW, about +83% upside versus a price of 8,980 KRW (undervalued). Cautious scenario 12,342 KRW, optimistic scenario 20,570 KRW. The calculation is refreshed regularly with new filings.
Does DB Financial Investment Co Ltd pay a dividend?
DB Financial Investment Co Ltd currently shows a dividend yield of 6.12% relative to its recent price (as of Nov 5, 2026).
How much is the dividend of DB Financial Investment Co Ltd (016610) and when is the ex-dividend date?
DB Financial Investment Co Ltd pays a dividend of 550.00 KRW per share a year, a dividend yield of 6.1%. The last ex-dividend date was Mar 30, 2026. The payout ratio is 20.7% of earnings. Our assessment: Low payout. A low payout ratio: the dividend takes at most 60 % of earnings. Whether free cash flow covers it as well, we cannot see for this company.
What is the intrinsic value of DB Financial Investment Co Ltd (016610)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For DB Financial Investment Co Ltd it is 16,456 KRW per share (as of Nov 5, 2026), against a price of 8,980 KRW. It is the blended result of 6 valuation models in 4 families (Dividend Discount, Multiples, Asset-Based, Economic Profit).
Is DB Financial Investment Co Ltd stock overvalued or undervalued in 2026?
As of Nov 5, 2026, 016610 trades below its calculated fair value: price 8,980 KRW, fair value 16,456 KRW, a gap of about +83% (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 016610?
No. The price is what the market pays today (8,980 KRW); the fair value is what the company's own numbers justify (16,456 KRW). For DB Financial Investment Co Ltd the two are 7,476 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is DB Financial Investment Co Ltd worth?
The market values DB Financial Investment Co Ltd at about 363B KRW (market capitalisation, as of Nov 5, 2026). Per share that is 8,980 KRW; our models calculate a fair value of 16,456 KRW per share.
What do the bullish and bearish scenarios say about 016610?
Our models span a range for DB Financial Investment Co Ltd: cautious scenario 12,342 KRW, base 16,456 KRW, optimistic 20,570 KRW per share (as of Nov 5, 2026, price 8,980 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 016610?
DB Financial Investment Co Ltd trades at a price-to-earnings ratio of 3.3 (as of Nov 5, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 16,456 KRW is built from several models across several years. Median P/E at fiscal year-end, 9 fiscal years (2016 to 2025), reported earnings: 4.1. Other multiples: P/B 0.3, P/S 0.1.
How solid is the balance sheet of DB Financial Investment Co Ltd (016610)?
Balance-sheet figures for DB Financial Investment Co Ltd (as of Nov 5, 2026): return on equity 8.9%, debt of 1.00 per unit of equity. They feed the Quality Score of 48/100, which measures business quality independently of the share price.
How far is 016610 from its 52-week high?
DB Financial Investment Co Ltd trades at 8,980 KRW, about 47% below its 52-week high of 16,838 KRW and 9% above the low of 8,230 KRW (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 16,456 KRW is for.
Which stocks are comparable to DB Financial Investment 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 DB Financial Investment Co Ltd stock attractive at the current price?
The data as of Nov 5, 2026: price 8,980 KRW, calculated fair value 16,456 KRW (+83%), 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 016610 calculated?
We run DB Financial Investment Co Ltd through 6 models from 4 families: Dividend Discount, Multiples, Asset-Based, Economic Profit. Every model gets the same audited fundamentals; the fair value of 16,456 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. DB Financial Investment Co Ltd currently trades 45% 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 DB Financial Investment Co Ltd (016610)?
The closing price on Nov 6, 2026 was 8,980 KRW. Our model-based fair value is 16,456 KRW, about +83% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with DB Financial Investment Co Ltd right now?
The large discount to fair value meets weak quality (48/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (12,342 KRW). The market is more pessimistic than our downside scenario. 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 DB Financial Investment Co Ltd
How large is the market capitalisation of DB Financial Investment Co Ltd (016610)?
The market capitalisation of DB Financial Investment Co Ltd is 363B KRW (≈ $268M). 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 DB Financial Investment Co Ltd (016610)?
The price-to-sales ratio of DB Financial Investment Co Ltd is 0.12 (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 DB Financial Investment Co Ltd (016610)?
Earnings per share at DB Financial Investment Co Ltd are 2,654 KRW (price ÷ EPS = P/E 3.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of DB Financial Investment Co Ltd (016610)?
The dividend yield of DB Financial Investment Co Ltd is 6.1% (payout 20.7%). 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 DB Financial Investment Co Ltd (016610)?
The net margin of DB Financial Investment Co Ltd is 3.6% (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 DB Financial Investment Co Ltd (016610)?
The return on equity (ROE) of DB Financial Investment Co Ltd is 8.9% (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 DB Financial Investment Co Ltd (016610)?
On an EBIT basis the return on assets of DB Financial Investment Co Ltd is 2.7% (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 DB Financial Investment Co Ltd (016610)?
The operating margin of DB Financial Investment Co Ltd is 28.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at DB Financial Investment Co Ltd (016610)?
Revenue at DB Financial Investment Co Ltd is growing +171% versus a year earlier (3y avg +20.6%). 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 DB Financial Investment Co Ltd (016610)?
Earnings per share at DB Financial Investment Co Ltd are growing +78.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does DB Financial Investment Co Ltd (016610) generate?
The free cash flow of DB Financial Investment Co Ltd is −1.0T KRW (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does DB Financial Investment Co Ltd (016610) carry?
The net debt of DB Financial Investment Co Ltd is 100B KRW (fiscal year 2025). 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 5, 2026