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STOCK COMPARISON

Banco BTG Pactual vs Mirae Asset Daewoo Securities Co: Fair Value & Quality

Both stocks run through our valuation models. Here is how Banco BTG Pactual (BPAC3) and Mirae Asset Daewoo Securities Co (006800) compare, as of Aug 14, 2026.

As of Aug 14, 2026, Fair Value Calculator sees Banco BTG Pactual as the less overvalued of the two: Banco BTG Pactual trades at BRL 20.67 versus a fair value of BRL 12.72 (-38%), while Mirae Asset Daewoo Securities Co trades at KRW 37,650 versus KRW 15,308 (-59%).
Banco BTG Pactual
BPAC3.SA · BRL · Financials
-38%
upside to fair value
overvalued
PriceBRL 20.67
Fair ValueBRL 12.72
Quality25/100
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).

Banco BTG PactualMirae Asset Daewoo Securities Co
Valuation
16.3×P/E (TTM)—
6.37×P/S (TTM)—
4.07×P/B—
13.2×EV/EBITDA—
1.5%Dividend yield0.7%
BRL 0.35Dividend per shareKRW 300
Profitability
39%Net margin8%
51%Operating margin36%
25%Return on equity17%
2%Return on assets2%
Growth
32%Revenue growth (YoY)185%
57.3%Avg. growth/yr (3Y)-1.4%
64.2%Avg. growth/yr (5Y)8.5%
Balance & size
1.00×Debt / equity0.91×
$55BMarket cap$17B
mixedGrowth qualitymixed

Banco BTG Pactual 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.

Banco BTG Pactualof which business quality 22 · market factors 33 Mirae Asset Daewoo Securities Coof which business quality 44 · market factors 40
ProfitabilityMargins and returns on capital today
36
37
Quality GrowthAre margins and returns improving?
46
52
CashflowEarnings quality: real cash, not paper profit
0
33
Fin. StrengthBalance sheet, leverage, solvency risk
20
40
InvestmentDisciplined investing over empire-building
36
64
Low VolatilityCalm price path (market factor)
65
16
MomentumPrice trend over the last 3–12 months (market factor)
24
43
52W MomentumDistance to the 52-week high (market factor)
14
65
Net IssuanceBuybacks instead of dilution
0
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.

Banco BTG Pactual

DCF ModelsBRL 49.32
Earnings-BasedBRL 56.72
Dividend DiscountBRL 6.63
MultiplesBRL 13.17
Asset-BasedBRL 4.05
Economic ProfitBRL 13.52

6 of 9 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.

Banco BTG Pactual
Bear BRL 7.15Fair Value BRL 12.72Bull BRL 27.41
BRL 20.67 = 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.

Banco BTG Pactual · Financials

Quality score25 · bottom 25%
Fair value upside-38% · bottom 25%

Mirae Asset Daewoo Securities Co · Financials

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

Bottom line

As of Aug 14, 2026, Fair Value Calculator sees Banco BTG Pactual as the less overvalued of the two: Banco BTG Pactual trades at BRL 20.67 versus a fair value of BRL 12.72 (-38%), while Mirae Asset Daewoo Securities Co trades at KRW 37,650 versus KRW 15,308 (-59%).

Mirae Asset Daewoo Securities Co has the higher quality score (47/100).

See the full analysis →
Banco BTG Pactual · 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.