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SK Securities Co (001510) Fair Value & Analysis

Financial Services · KR · Market cap 447B KRW

SS SK Securities Co 001510 · KO
Price2,300 KRW
Fair Value2,342 KRW
Upside+1.8%
Quality45/100
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Expensive Growth
Thin margins · 3.2% net margin
Moderate debt · negative free cash flow
Mixed vs. peers (4/8)
Narrow moat 42/100
Evidence: High Range 1,756 KRW – 2,927 KRW Share as image

Fair value as of: Jul 22, 2026

From 9 valuation models · updated 19 days ago

Share price −6.5% over the past month.

Below-average quality, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
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Price vs Fair Value (5 years)

5,640 KRW 852.00 KRW Fair Value 2,342 KRW Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 22, 2026.

How to read this chart

60‑month range 852.00 KRW – 5,640 KRW · fair‑value band 1,756 KRW – 2,927 KRW · the 2,300 KRW price screens below the 2,342 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 22, 2026.

Full chart & analysis →

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Analysis

SK Securities Co (001510) currently trades at 2,300 KRW, while our model-based Fair Value estimate is 2,342 KRW, implying the stock looks roughly 1.8% fairly valued today. The Quality Score stands at 45/100 (below-average quality), in the Financial Services sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, SK Securities Co generated revenue of 1.6T KRW at a net margin of 3.2%. Revenue grew 174.1% year over year. It earns a return on equity of 8.3%. Net debt stands at 207B KRW. Fundamentals as of Jul 22, 2026

Our scenario range runs from 1,756 KRW (bear case) to 2,927 KRW (bull case); at 2,300 KRW, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 63% below its 52-week high and 89% 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 2%, 001510 screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model 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. Evidence
Highest evidence
Residual Income 2,216 KRW 2,227 KRW 2,128 KRW 76
Gordon GGM 20.11 KRW 43.90 KRW 73.86 KRW 70
P/E Multiple 1,343 KRW 1,791 KRW 2,238 KRW 63
All 9 models by family
DCF Models
Owner Earnings 4,401 KRW 5,941 KRW 8,431 KRW 31
Earnings-Based
Graham-Dodd 936.67 KRW 3,020 KRW 4,030 KRW 54
Lynch FV 671.09 KRW 958.71 KRW 1,246 KRW 50
Dividend Discount
Gordon GGM 20.11 KRW 43.90 KRW 73.86 KRW 70
DDM Multi-Stage 20.11 KRW 34.45 KRW 45.75 KRW 61
Multiples
P/E Multiple 1,343 KRW 1,791 KRW 2,238 KRW 63
P/B Multiple 1,756 KRW 2,342 KRW 2,927 KRW 55
Asset-Based
NCAV (Graham) 1,440 KRW 1,929 KRW 2,879 KRW 50
Economic Profit
Residual Income 2,216 KRW 2,227 KRW 2,128 KRW 76

Widest divergence: DCF Models (5,941 KRW) versus Dividend Discount (34.45 KRW). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 1.6T KRW
Revenue growth (YoY) +174%
Net margin 3.2%
Return on equity 8.3%
Free cash flow −382B KRW FY2025
Operating margin 45.8%
More key figures
EPS growth (YoY) +673%
Net debt 207B KRW FY2025

Figures from reported company fundamentals · as of Jul 22, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 45/100

Of which business quality 47 · Market factors (momentum, volatility) 49

Profitability 20
Margins and returns on capital today
Quality Growth 57
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 57
Balance sheet, leverage, solvency risk
Investment 97
Disciplined investing over empire-building
Low Volatility 14
Calm price path (market factor)
Momentum 67
Price trend over the last 3–12 months (market factor)
52W Momentum 61
Distance to the 52-week high (market factor)
Net Issuance 90
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

SK Securities Co., Ltd., a financial investment company, provides various financial services. It operates through Consignment trading, IB, Proprietary trading, and Savings banking segments.

Full company description

SK Securities Co., Ltd., a financial investment company, provides various financial services. It operates through Consignment trading, IB, Proprietary trading, and Savings banking segments. The company is involved in brokerage of consignment trading of securities and related business activities; corporate finance, business activities related to investment finance such as PF and PEF, and strategic investment activities; business activities of holding or trading securities and derivatives; and performance of the personal and corporate finance sectors of a major subsidiary savings bank. SK Securities Co., Ltd. was founded in 1955 and is based in Seoul, South Korea.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

SK Securities Co reported revenue of 415B KRW in FY2025 versus 351B KRW in FY2021, a compound +4.3%/yr. Reported net income was 28.8B KRW in FY2025, compounding −7.9%/yr from FY2021.

Growth Quality 52/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
415B KRW
Latest YoY
+78.8%
Avg. growth/yr (3Y) 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.
+12.7%
Avg. growth/yr (5Y) 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.
+11.5%
Avg. growth/yr (26Y) 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.
+2.1%
Revenue +4.3%/yr
FY21 351B KRW
FY22 291B KRW
FY23 317B KRW
FY24 232B KRW
FY25 415B KRW
Net income −7.9%/yr
FY21 40.0B KRW
FY22 9.4B KRW
FY23 2.6B KRW
FY24 −82.5B KRW
FY25 28.8B KRW

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Cite: Fair Value Calculator (2026). "SK Securities Co Fair Value". https://www.fairvalue-calculator.com/stock/001510

Peer Group

Capital Markets · 423 stocks

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.

Quality Score 53 · Below median
Fair Value upside +2% · Above median
Return on equity (TTM) 8% · Above median
Return on assets 1% · Below median
Net margin (TTM) 3% · Below median
Operating margin (TTM) 46% · Above median
Revenue growth 174% · Top 25%
Debt / equity 1.29× · Higher than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 36 · sector 9
FUTURE 100 · sector 96
PAST 33 · sector 30
HEALTH 36 · sector 93
DIVIDEND 0 · sector 36

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Capital Markets stocks, each showing price versus our Fair Value estimate (as of Jul 22, 2026).

Stock Price Fair Value vs Fair Value
Huatai Securities Co HTSC $0.2700 $0.0400 -85%
Mirae Asset Securities Co 006800 38,750 KRW 31,645 KRW -18%
Meritz Financial Group 138040 117,000 KRW 87,706 KRW -25%
Korea Investment Holdings 071050 239,000 KRW 318,825 KRW +33%
NH Investment & Securities Co 005940 31,000 KRW 37,133 KRW +20%
Samsung Securities Co 016360 107,700 KRW 126,487 KRW +17%
Motilal Oswal Financial Services Limited MOTILALOFS ₹967.00 ₹299.65 -69%
Kiwoom Securities Co 039490 322,000 KRW 358,091 KRW +11%
SSI Securities Corporation SSI 24,250 VND 28,021 VND +16%
Bolsas y Mercados Argentinos S.A BYMA 313.75 ARS 120.22 ARS -62%

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Frequently asked questions

Is SK Securities Co (001510) overvalued or undervalued?
As of Jul 22, 2026, our model estimates a fair value of 2,342 KRW versus a price of 2,300 KRW, about +2% (fairly valued).
What is the fair value of 001510?
Our model-based fair value for SK Securities Co is 2,342 KRW (as of Jul 22, 2026), built from audited fundamentals. The current price is 2,300 KRW.
What is the quality score of 001510?
SK Securities Co has a Quality Score of 45/100. 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 revenue of SK Securities Co (001510)?
SK Securities Co reported trailing-twelve-month revenue of about 1.6T KRW (latest available figure, as of Jul 22, 2026).
What is the net profit margin of 001510?
The net profit margin of SK Securities Co is about 3.2%, meaning it keeps roughly 3.2% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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