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STOCK COMPARISON

Korea Ratings Co. vs Huatai Securities Co: Fair Value & Quality

Both stocks run through our valuation models. Here is how Korea Ratings Co. (034950) and Huatai Securities Co (601688) compare, as of Aug 11, 2026.

As of Aug 11, 2026, Fair Value Calculator sees Huatai Securities Co as the more attractively valued of the two: Korea Ratings Co. trades at KRW 102,100 versus a fair value of KRW 41,505 (-59%), while Huatai Securities Co trades at ¥19.28 versus ¥30.85 (+60%).
Korea Ratings Co.
034950.KQ · KRW · Financials
-59%
upside to fair value
overvalued
PriceKRW 102,100
Fair ValueKRW 41,505
Quality82/100
Huatai Securities Co
601688.SHG · CNY · Financials
+60%
upside to fair value
undervalued
Price¥19.28
Fair Value¥30.85
Quality57/100

Head-to-head numbers

Green value = the better side for that row (for valuation multiples: lower = cheaper).

Korea Ratings Co.Huatai Securities Co
Valuation
P/E (TTM)11.1×
P/S (TTM)4.72×
P/B0.90×
7.9%Dividend yield2.7%
KRW 8,009Dividend per share¥0.55
Profitability
23%Net margin44%
21%Operating margin58%
26%Return on equity9%
12%Return on assets2%
Growth
3%Revenue growth (YoY)45%
2.6%Avg. growth/yr (3Y)2.7%
2.7%Avg. growth/yr (5Y)-0.1%
Balance & size
Debt / equity0.31×
$316MMarket cap$28B
healthyGrowth qualityweak

Even match: 4 to 4 metric wins.

Dash = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

Korea Ratings Co.of which business quality 80 · market factors 63 Huatai Securities Coof which business quality 53 · market factors 47
ProfitabilityMargins and returns on capital today
76
34
Quality GrowthAre margins and returns improving?
44
37
CashflowEarnings quality: real cash, not paper profit
85
0
Fin. StrengthBalance sheet, leverage, solvency risk
100
100
InvestmentDisciplined investing over empire-building
81
70
Low VolatilityCalm price path (market factor)
99
76
MomentumPrice trend over the last 3–12 months (market factor)
46
39
52W MomentumDistance to the 52-week high (market factor)
49
30
Net IssuanceBuybacks instead of dilution
82
91

What the models say

The median fair value (base case) per model family, each in the currency of its trading venue. Green = above the current price, red = below.

Korea Ratings Co.

DCF ModelsKRW 113,934
Earnings-BasedKRW 96,662
Dividend DiscountKRW 90,287
MultiplesKRW 57,514
Asset-BasedKRW 19,863
Growth DCFKRW 115,202
Economic ProfitKRW 44,165

8 of 12 models see the stock below the current price.

Huatai Securities Co

Multiples¥19.49
Asset-Based¥15.36

1 of 2 models see the stock below the current price.

Scenario ranges

From our cautious bear case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.

Korea Ratings Co.
Bear KRW 31,129Fair Value KRW 41,505Bull KRW 51,882
KRW 102,100 = current price (white tick)
Huatai Securities Co
Bear ¥23.14Fair Value ¥30.85Bull ¥38.57
¥19.28 = current price (white tick)

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

Korea Ratings Co. · Financials

Quality score82 · Top 25%
Fair value upside-59% · bottom 25%

Huatai Securities Co · Financials

Quality score57 · above median
Fair value upside+60% · Top 25%

Bottom line

As of Aug 11, 2026, Fair Value Calculator sees Huatai Securities Co as the more attractively valued of the two: Korea Ratings Co. trades at KRW 102,100 versus a fair value of KRW 41,505 (-59%), while Huatai Securities Co trades at ¥19.28 versus ¥30.85 (+60%).

Korea Ratings Co. has the higher quality score (82/100).

See the full analysis →

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A model-based valuation snapshot from 21 models. Values change with price and fundamentals; the date shown above applies.