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STOCK COMPARISON

Victory Securities Holdings Company vs Mirae Asset Daewoo Securities Co: Fair Value & Quality

Both stocks run through our valuation models. Here is how Victory Securities Holdings Company (8540) and Mirae Asset Daewoo Securities Co (006800) compare, as of Aug 17, 2026.

As of Aug 17, 2026, Fair Value Calculator sees Victory Securities Holdings Company as the less overvalued of the two: Victory Securities Holdings Company trades at HK$4.45 versus a fair value of HK$3.69 (-17%), while Mirae Asset Daewoo Securities Co trades at KRW 37,650 versus KRW 15,308 (-59%).
Victory Securities Holdings Company
8540.HK · HKD · Financials
-17%
upside to fair value
overvalued
PriceHK$4.45
Fair ValueHK$3.69
Quality74/100
Mirae Asset Daewoo Securities Co
006800.KO · KRW · Financials
-59%
upside to fair value
overvalued
PriceKRW 37,650
Fair ValueKRW 15,308
Quality47/100

Head-to-head numbers

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

Victory Securities Holdings CompanyMirae Asset Daewoo Securities Co
Valuation
13.9×P/E (TTM)—
4.50×P/S (TTM)—
3.83×P/B—
11.4×EV/EBITDA—
1.1%Dividend yield0.7%
HK$0.05Dividend per shareKRW 300
Profitability
30%Net margin8%
-32%Operating margin36%
28%Return on equity17%
11%Return on assets2%
Growth
95%Revenue growth (YoY)185%
48.0%Avg. growth/yr (3Y)-1.4%
22.5%Avg. growth/yr (5Y)8.5%
Balance & size
0.04×Debt / equity0.91×
$117MMarket cap$17B
healthyGrowth qualitymixed

Victory Securities Holdings Company leads: 7 to 2 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.

Victory Securities Holdings Companyof which business quality 74 · market factors 35 Mirae Asset Daewoo Securities Coof which business quality 44 · market factors 40
ProfitabilityMargins and returns on capital today
67
37
Quality GrowthAre margins and returns improving?
80
52
CashflowEarnings quality: real cash, not paper profit
100
33
Fin. StrengthBalance sheet, leverage, solvency risk
65
40
InvestmentDisciplined investing over empire-building
66
64
Low VolatilityCalm price path (market factor)
69
16
MomentumPrice trend over the last 3–12 months (market factor)
29
43
52W MomentumDistance to the 52-week high (market factor)
4
65
Net IssuanceBuybacks instead of dilution
58
49

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.

Victory Securities Holdings Company

DCF ModelsHK$9.34
Earnings-BasedHK$10.52
Dividend DiscountHK$0.41
MultiplesHK$2.64
Asset-BasedHK$0.75
Growth DCFHK$14.71
Economic ProfitHK$2.43

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

Mirae Asset Daewoo Securities Co

MultiplesKRW 19,213
Asset-BasedKRW 15,144

2 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.

Victory Securities Holdings Company
Bear HK$2.77Fair Value HK$3.69Bull HK$14.76
HK$4.45 = current price (white tick)
Mirae Asset Daewoo Securities Co
Bear KRW 11,481Fair Value KRW 15,308Bull KRW 19,135
KRW 37,650 = 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.

Victory Securities Holdings Company · Financials

Quality score74 · Top 25%
Fair value upside-17% · below median

Mirae Asset Daewoo Securities Co · Financials

Quality score47 · below median
Fair value upside-59% · bottom 25%

Bottom line

As of Aug 17, 2026, Fair Value Calculator sees Victory Securities Holdings Company as the less overvalued of the two: Victory Securities Holdings Company trades at HK$4.45 versus a fair value of HK$3.69 (-17%), while Mirae Asset Daewoo Securities Co trades at KRW 37,650 versus KRW 15,308 (-59%).

Victory Securities Holdings Company has the higher quality score (74/100).

See the full analysis →
Victory Securities Holdings Company · Mirae Asset Daewoo Securities Co

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