Yuhwa Securities Co Ltd (003465) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of Yuhwa Securities Co Ltd KRW 6,000, price KRW 3,165, upside +89.6%, quality 53 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range 1,760 KRW – 3,508 KRW · fair‑value band 4,500 KRW – 7,500 KRW · the 3,165 KRW price screens below the 6,000 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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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.
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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.
Stock analysis
Yuhwa Securities Co Ltd (003465) currently trades at 3,165 KRW, while our model-based Fair Value estimate is 6,000 KRW, implying the stock looks roughly 47.2% undervalued today.
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Valuation
How firm this estimate is: it rests on 23 models at a data quality of 95/100, which puts the evidence level at medium.
Scenario range: 4,500 KRW (bear) to 7,500 KRW (bull), the price of 3,165 KRW sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 53/100 (solid quality), in the Financial Services sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
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.
Key figures
Market cap 192B KRW (≈ $143M) · P/S ratio 5.03 · Dividend yield 7.3% · Net margin 45.2% · Return on equity 3.5% · Return on assets (EBIT) 1.5% · Operating margin 76.0% · Revenue (TTM) 37.4B KRW.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).
What moves the price
The share trades about 10% 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 −15% fair-value upside, at 90%, 003465 screens cheaper than that median.
Fair Value models
Bear 4,500 KRWFair Value 6,000 KRWBull 7,500 KRW
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single 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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.86/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−16.1%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+21.5%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+12.7%
Start year 2020 (pandemic). Over 10 years: +3.3% a year
Revenue growth 11 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+3.1%
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What shareholders gained per year (last 5 years), in KRW ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in KRW: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+18.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year+11.5%
Dividend (yield on the price)7.3%
Profit margin 2014 to 2018 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.49% → 52%
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−19.6%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (South Korea: IMF forecast 2.1% a year to 2030, 2.1% from 2016 to 2025) that is about −21.2% a year for the price.
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Peer Groupⓘ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.Capital Markets · 462 stocks
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Yuhwa Securities Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/003465
Frequently asked questions
Is Yuhwa Securities Co Ltd (003465) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 6,000 KRW versus a price of 3,165 KRW, about +90% upside (undervalued).
What is the fair value of 003465?
Our model-based fair value for Yuhwa Securities Co Ltd is 6,000 KRW (as of Sep 24, 2026), built from audited fundamentals. The current price: 3,165 KRW.
What is the quality score of 003465?
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 price target for Yuhwa Securities Co Ltd (003465)?
Our model-based price target is the fair value of 6,000 KRW (as of Sep 24, 2026) from 2 valuation models. Cautious scenario 4,500 KRW, optimistic scenario 7,500 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Yuhwa Securities Co Ltd stock forecast for 2026?
Our models put fair value at 6,000 KRW, about +90% upside versus a price of 3,165 KRW (undervalued). Cautious scenario 4,500 KRW, optimistic scenario 7,500 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Yuhwa Securities Co Ltd (003465)?
Yuhwa Securities Co Ltd reported trailing-twelve-month revenue of about 37.4B KRW (latest available figure, as of Sep 24, 2026).
Does Yuhwa Securities Co Ltd pay a dividend?
Yuhwa Securities Co Ltd currently shows a dividend yield of about 7.27% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Yuhwa Securities Co Ltd (003465)?
For today's price to be fair in a discounted-cash-flow model, Yuhwa Securities Co Ltd would have to grow free cash flow by -19.6 % per year for five years (discount rate 11.7 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +12.7 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 003465 use?
Our models discount Yuhwa Securities Co Ltd at 11.7 %: a base by market capitalisation (micro), damped by beta 0.56, country premium for South Korea. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Yuhwa Securities Co Ltd that is -19.6 % per year a year over ten years, using the same discount rate (11.7 %) and the same formula as our fair value.
How much growth has Yuhwa Securities Co Ltd (003465) delivered so far?
Over the past 5 years revenue at Yuhwa Securities Co Ltd grew +12.7 % a year. The price currently implies -19.6 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Yuhwa Securities Co Ltd (003465) growing?
The median revenue growth in the sector is +9.2 % a year. That is the yardstick for the growth priced into Yuhwa Securities Co Ltd (-19.6 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Yuhwa Securities Co Ltd (003465)?
The free-cash-flow yield on the price is 35.37 %: that much free cash flow Yuhwa Securities Co Ltd produces per unit of market value. When it exceeds the discount rate of our models (11.7 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Yuhwa Securities Co Ltd (003465)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Yuhwa Securities Co Ltd it is 6,000 KRW per share (as of Sep 24, 2026), against a price of 3,165 KRW. It is the blended result of 2 valuation models (cash flow, earnings, asset, dividend).
Is Yuhwa Securities Co Ltd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 003465 trades below its calculated fair value: price 3,165 KRW, fair value 6,000 KRW, a gap of about +90% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 003465?
No. The price is what the market pays today (3,165 KRW); the fair value is what the company's own numbers justify (6,000 KRW). For Yuhwa Securities Co Ltd the two are 2,835 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Yuhwa Securities Co Ltd worth?
The market values Yuhwa Securities Co Ltd at about 192B KRW (market capitalisation, as of Sep 24, 2026). Per share that is 3,165 KRW; our models calculate a fair value of 6,000 KRW per share.
What do the bullish and bearish scenarios say about 003465?
Our models span a range for Yuhwa Securities Co Ltd: cautious scenario 4,500 KRW, base 6,000 KRW, optimistic 7,500 KRW per share (as of Sep 24, 2026, price 3,165 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Yuhwa Securities Co Ltd (003465)?
Balance-sheet figures for Yuhwa Securities Co Ltd (as of Sep 24, 2026): return on equity 3.5%. They feed the Quality Score of 53/100, which measures business quality independently of the share price.
How far is 003465 from its 52-week high?
Yuhwa Securities Co Ltd trades at 3,165 KRW, about 10% below its 52-week high of 3,508 KRW and 30% above the low of 2,435 KRW (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of 6,000 KRW is for.
Which stocks are comparable to Yuhwa Securities Co Ltd?
From the same area (Financial Services) we also value Morgan Stanley, a financial holding company,, The Goldman Sachs Group, The Charles Schwab Corporation, Interactive Brokers Group, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Yuhwa Securities Co Ltd stock attractive at the current price?
The data as of Sep 24, 2026: price 3,165 KRW, calculated fair value 6,000 KRW (+90%), Quality Score 53/100, from 2 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 003465 calculated?
We run Yuhwa Securities Co Ltd through 2 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 6,000 KRW, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. Yuhwa Securities Co Ltd currently trades 47 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Yuhwa Securities Co Ltd (003465)?
The closing price on Oct 2, 2026 was 3,165 KRW. Our model-based fair value is 6,000 KRW, about +90% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Yuhwa Securities Co Ltd right now?
The price is below even our cautious bear case (4,500 KRW). The market is more pessimistic than our downside scenario. Solid quality (53/100) at a price below fair value, the discount is the argument here, not the business quality. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Key figures of Yuhwa Securities Co Ltd
How large is the market capitalisation of Yuhwa Securities Co Ltd (003465)?
The market capitalisation of Yuhwa Securities Co Ltd is 192B KRW (≈ $143M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Yuhwa Securities Co Ltd (003465)?
The price-to-sales ratio of Yuhwa Securities Co Ltd is 5.03 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the dividend yield of Yuhwa Securities Co Ltd (003465)?
The dividend yield of Yuhwa Securities Co Ltd is 7.3%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Yuhwa Securities Co Ltd (003465)?
The net margin of Yuhwa Securities Co Ltd is 45.2% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Yuhwa Securities Co Ltd (003465)?
The return on equity (ROE) of Yuhwa Securities Co Ltd is 3.5% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Yuhwa Securities Co Ltd (003465)?
On an EBIT basis the return on assets of Yuhwa Securities Co Ltd is 1.5% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Yuhwa Securities Co Ltd (003465)?
The operating margin of Yuhwa Securities Co Ltd is 76.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Yuhwa Securities Co Ltd (003465)?
Revenue at Yuhwa Securities Co Ltd is growing +64.4% versus a year earlier (3y avg +21.5%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Yuhwa Securities Co Ltd (003465)?
Earnings per share at Yuhwa Securities Co Ltd are growing +20.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Yuhwa Securities Co Ltd (003465) carry?
The net debt of Yuhwa Securities Co Ltd is 10.3B KRW (fiscal year 2021, ≈ 0.2 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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