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Yuhwa Securities co.,ltd. (003460) Fair Value & Analysis

Financial Services · KR · Market cap 189B KRW

YS Yuhwa Securities co.,ltd. 003460 · KO
Price3,200 KRW
Fair Value3,350 KRW
Upside+4.7%
Quality53/100
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Mixed Growth
Highly profitable · 48.8% net margin
Low debt · generates free cash flow
7.10% dividend yield
Ranks above peers (9/10)
Moderate moat 58/100
Evidence: High Range 2,512 KRW – 4,187 KRW Share as image

Fair value as of: Jul 23, 2026

From 2 valuation models · updated 18 days ago

Share price +0.2% over the past month.

A solid business, 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)

3,923 KRW 1,733 KRW Fair Value 3,350 KRW Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 23, 2026.

How to read this chart

60‑month range 1,733 KRW – 3,923 KRW · fair‑value band 2,512 KRW – 4,187 KRW · the 3,200 KRW price screens below the 3,350 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 23, 2026.

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Analysis

Yuhwa Securities co.,ltd. (003460) currently trades at 3,200 KRW, while our model-based Fair Value estimate is 3,350 KRW, implying the stock looks roughly 4.7% fairly valued today. The Quality Score stands at 53/100 (solid 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, Yuhwa Securities co.,ltd. generated revenue of 37.4B KRW at a net margin of 48.8%. Revenue grew 64.4% year over year. It earns a return on equity of 3.5%. Net debt stands at 10.3B KRW. Fundamentals as of Jul 23, 2026

Our scenario range runs from 2,512 KRW (bear case) to 4,187 KRW (bull case); at 3,200 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 31% below its 52-week high and 30% above its 52-week low, currently above its 200-day average. For context, the median of 10 Financial Services peers we cover trades at 11% fair-value upside, at 5%, 003460 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
P/B Multiple 5,655 KRW 7,541 KRW 9,426 KRW 55
NCAV (Graham) 4,436 KRW 5,944 KRW 8,871 KRW 50
All 2 models by family
Multiples
P/B Multiple 5,655 KRW 7,541 KRW 9,426 KRW 55
Asset-Based
NCAV (Graham) 4,436 KRW 5,944 KRW 8,871 KRW 50

Widest divergence: Multiples (7,541 KRW) versus Asset-Based (5,944 KRW). Highest evidence: P/B Multiple (55).

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Key figures & financial health

Revenue (TTM) 37.4B KRW
Revenue growth (YoY) +64.4%
Net margin 48.8%
Return on equity 3.5%
Free cash flow 67.9B KRW FY2025
Operating margin 76.0%
More key figures
Dividend yield 7.0%
EPS growth (YoY) -6.3%
Net debt 10.3B KRW FY2021

Figures from reported company fundamentals · as of Jul 23, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 53/100

Of which business quality 54 · Market factors (momentum, volatility) 52

Profitability 31
Margins and returns on capital today
Quality Growth 47
Are margins and returns improving?
Cashflow 100
Earnings quality: real cash, not paper profit
Fin. Strength 56
Balance sheet, leverage, solvency risk
Investment 87
Disciplined investing over empire-building
Low Volatility 68
Calm price path (market factor)
Momentum 48
Price trend over the last 3–12 months (market factor)
52W Momentum 40
Distance to the 52-week high (market factor)
Net Issuance 0
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

Yuhwa Securities co.,ltd. provides securities services in South Korea. It offers corporate funding services; advisory services related to mergers and acquisitions, and business transfer; private equity funds; real estate PF financial advisory services; and structured financing products.

Full company description

Yuhwa Securities co.,ltd. provides securities services in South Korea. It offers corporate funding services; advisory services related to mergers and acquisitions, and business transfer; private equity funds; real estate PF financial advisory services; and structured financing products. The company was founded in 1962 and is headquartered in Seoul, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Yuhwa Securities co.,ltd. reported revenue of 31.1B KRW in FY2025 versus 23.0B KRW in FY2021, a compound +7.9%/yr. Reported net income was 14.1B KRW in FY2025, compounding +10.0%/yr from FY2021.

Growth Quality 86/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
31.1B KRW
Latest YoY
−16.1%
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.
+21.5%
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.
+12.7%
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.
−9.5%
Revenue +7.9%/yr
FY21 23.0B KRW
FY22 17.4B KRW
FY23 23.3B KRW
FY24 37.1B KRW
FY25 31.1B KRW
Net income +10.0%/yr
FY21 9.6B KRW
FY22 4.2B KRW
FY23 7.3B KRW
FY24 17.8B KRW
FY25 14.1B KRW

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Cite: Fair Value Calculator (2026). "Yuhwa Securities co.,ltd. Fair Value". https://www.fairvalue-calculator.com/stock/003460

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 55 · Above median
Fair Value upside +5% · Above median
Return on equity (TTM) 4% · Below median
Return on assets 2% · Above median
Net margin (TTM) 49% · Top 25%
Operating margin (TTM) 76% · Top 25%
Revenue growth 64% · Above median
Dividend yield (TTM) 7.1% · Top 25%
Debt / equity 0.03× · Lower than median

Valuation Multiples vs Capital Markets median · lower = cheaper

P/FCF 0.0× · Cheaper 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 40 · sector 9
FUTURE 100 · sector 96
PAST 14 · sector 30
HEALTH 98 · sector 93
DIVIDEND 100 · 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 23, 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 Yuhwa Securities co.,ltd. (003460) overvalued or undervalued?
As of Jul 23, 2026, our model estimates a fair value of 3,350 KRW versus a price of 3,200 KRW, about +5% (fairly valued).
What is the fair value of 003460?
Our model-based fair value for Yuhwa Securities co.,ltd. is 3,350 KRW (as of Jul 23, 2026), built from audited fundamentals. The current price is 3,200 KRW.
What is the quality score of 003460?
Yuhwa Securities co.,ltd. has a Quality Score of 53/100. 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 Yuhwa Securities co.,ltd. (003460)?
Yuhwa Securities co.,ltd. reported trailing-twelve-month revenue of about 37.4B KRW (latest available figure, as of Jul 23, 2026).
What is the net profit margin of 003460?
The net profit margin of Yuhwa Securities co.,ltd. is about 48.8%, meaning it keeps roughly 48.8% of revenue as net income. Based on the latest reported figures.
Does Yuhwa Securities co.,ltd. pay a dividend?
Yuhwa Securities co.,ltd. currently shows a dividend yield of about 6.95% relative to its recent price (as of Jul 23, 2026).

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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