NH Investment & Securities Co Ltd (005940) fair value: what the stock is really worth
We calculate from audited financials what NH Investment & Securities Co Ltd is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily, free.
Compare price with fair valuebelow fair value = cheap, above = expensive
Check the quality50 and up solid, 75 and up strong
Watch it or check another stockalert when fair value or trend changes
Below-average quality, and trading another 39% above our fair value of 19,037 KRW.
As of Aug 24, 2026, the fair value of NH Investment & Securities Co Ltd is 19,037 KRW per share against a price of 26,550 KRW, so the fair value sits 28% below the price. A model estimate from reported figures, not an analyst target.
!Expensive Growth (revenue 5y +6.9 %/yr)
!Thin margins · 7.4% net margin
!Moderate debt · negative free cash flow
·4.90% dividend yield
!Mixed vs. peers (5/9)
!Moderate moat 60/100
!Evidence only medium, so the estimate is less certain
Evidence: MediumRange 14,278 KRW to 23,796 KRW
Fair value as of: Aug 24, 2026
From 2 valuation models · updated 16 days ago
Share price −6.0% over the past month.
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What matters now
The price sits above even our optimistic bull case (23,796 KRW). The favourable scenario is already priced in.
Weak quality (32/100) and above fair value at the same time, the margin of safety is missing on both counts.
For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 24, 2026.
How to read this chart
60‑month range 6,843 KRW – 38,450 KRW · fair‑value band 14,278 KRW – 23,796 KRW · the 26,550 KRW price screens above the 19,037 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 24, 2026.
NH Investment & Securities Co Ltd (005940) currently trades at 26,550 KRW, while our model-based Fair Value estimate is 19,037 KRW, implying the stock looks roughly 39.5% overvalued today. The Quality Score stands at 32/100 (below-average quality), in the Financial Services sector. How firm this estimate is: it rests on 17 models at a data quality of 95/100, which puts the evidence level at medium.
Revenue grew 184.9% year over year. It earns a return on equity of 11.8%. Net debt stands at 9.4T KRW. Fundamentals as of Aug 24, 2026
Scenario range: 14,278 KRW (bear) to 23,796 KRW (bull), the price of 26,550 KRW sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target. The share trades about 35% below its 52-week high and 55% above its 52-week low, currently above its 200-day average. For context, the median of 10 Financial Services peers we cover trades at −37% fair-value upside, at −28%, 005940 screens cheaper than that median.
Fair Value models
Each model values the company its own way; the fair value above is the evidence-weighted blend. Evidence (0 to 100) shows how complete a model's inputs are. How we calculate →
ModelBear ⓘ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
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Key figures & financial health
P/S ratio0.68TTM
Dividend yield4.9%
Net margin37.9%FY2025
Return on equity11.8%TTM
Return on assets (EBIT)4.1%avg 5y
Operating margin25.9%TTM
More key figures
Growth
Revenue growth (YoY)+185%3y avg +23.8%
EPS growth (YoY)+138%
Balance sheet & cash flow
Free cash flow−5.4T KRWFY2025
Net debt9.4T KRWFY2025
Figures from reported company fundamentals · as of Aug 24, 2026. TTM = trailing twelve months.
Quality Score breakdown
Overall quality32/100
Of which business quality 37
· Market factors (momentum, volatility) 48
Profitability38
Margins and returns on capital today
Quality Growth50
Are margins and returns improving?
Cashflow0
Earnings quality: real cash, not paper profit
Fin. Strength65
Balance sheet, leverage, solvency risk
Investment58
Disciplined investing over empire-building
Low Volatility42
Calm price path (market factor)
Momentum45
Price trend over the last 3–12 months (market factor)
52W Momentum62
Distance to the 52-week high (market factor)
Net Issuance19
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.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
NH Investment & Securities Co., Ltd. engages in the investment management in South Korea and internationally. It operates through, Sales, Investment Banking, and Trading segments.
Full company description
NH Investment & Securities Co., Ltd. engages in the investment management in South Korea and internationally. It operates through, Sales, Investment Banking, and Trading segments. The company offers wealth management solutions to retail high-net-worth clients; service planning, UI/UX enhancement, and content development; corporate financing solutions, including corporate advisory, acquisition financing, and capital raising in the direct financing market; equities and mezzanine instruments through proprietary accounts; passive investment solutions; and PBS contracts, entrusted sales, credit extension, swap transactions, and securities lending and borrowing brokerage. It is also involved in bond trading and brokerage businesses; derivative-linked securities and over-the-counter derivatives businesses; and discretionary portfolio management. The company was formerly known as Woori Investment & Securities Co., Ltd. and changed its name to NH Investment & Securities Co., Ltd. in December 2014. The company was incorporated in 1969 and is based in Seoul, South Korea. NH Investment & Securities Co., Ltd. is a subsidiary of NongHyup Financial Group Inc.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
NH Investment & Securities Co Ltd reported revenue of 2.7T KRW in FY2025 versus 2.5T KRW in FY2021, a compound +2.2%/yr. Reported net income was 1.0T KRW in FY2025, compounding +2.6%/yr from FY2021.
Growth Quality 46/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
2.7T KRW
Latest YoY
+27.6%
Avg. revenue 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.
+23.8%
Avg. revenue 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.
+6.9%
Avg. revenue 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.
+3.2%
Value creation/yr (5Y, in KRW) ⓘEarnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year. 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.
≈ +10.9%
Earnings growth per share plus dividend yield: the value created per share and year.
Earnings growth per share+6.0%
Dividend yield4.9%
Operating margin (EBIT) ⓘ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.9.7% (2013) → 198.8% (2018) · rising
Worst earnings drop69% (2022) · in KRW
⚠ Final year 2025 sits 64% above trend (one-off), rate approximate
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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.
This stockSector peers
VALUE0· sector 9
FUTURE100· sector 88
PAST58· sector 30
HEALTH49· sector 94
DIVIDEND98· sector 38
VALUE 0: the price sits above our fair-value range.
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
Similar stocks
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Is NH Investment & Securities Co Ltd (005940) overvalued or undervalued?
As of Aug 24, 2026, our model estimates a fair value of 19,037 KRW versus a price of 26,550 KRW, about −28% upside (overvalued).
What is the fair value of 005940?
Our model-based fair value for NH Investment & Securities Co Ltd is 19,037 KRW (as of Aug 24, 2026), built from audited fundamentals. The current price: 26,550 KRW.
What is the quality score of 005940?
NH Investment & Securities Co Ltd has a Quality Score of 32/100. 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 NH Investment & Securities Co Ltd (005940)?
Our model-based price target is the fair value of 19,037 KRW (as of Aug 24, 2026) from 2 valuation models. Cautious scenario 14,278 KRW, optimistic scenario 23,796 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the NH Investment & Securities Co Ltd stock forecast for 2026?
Our models put fair value at 19,037 KRW, about −28% upside versus a price of 26,550 KRW (overvalued). Cautious scenario 14,278 KRW, optimistic scenario 23,796 KRW. The calculation is refreshed regularly with new filings.
What is the net profit margin of 005940?
The net profit margin of NH Investment & Securities Co Ltd is about 7.4%, meaning it keeps roughly 7.4% of revenue as net income. Based on the latest reported figures.
Does NH Investment & Securities Co Ltd pay a dividend?
NH Investment & Securities Co Ltd currently shows a dividend yield of about 4.90% relative to its recent price (as of Aug 24, 2026).
What is the intrinsic value of NH Investment & Securities Co Ltd (005940)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For NH Investment & Securities Co Ltd it is 19,037 KRW per share (as of Aug 24, 2026), against a price of 26,550 KRW. It is the blended result of 2 valuation models (cash flow, earnings, asset, dividend).
Is NH Investment & Securities Co Ltd stock overvalued or undervalued in 2026?
As of Aug 24, 2026, 005940 trades above its calculated fair value: price 26,550 KRW, fair value 19,037 KRW, a gap of about −28% (overvalued). 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 005940?
No. The price is what the market pays today (26,550 KRW); the fair value is what the company's own numbers justify (19,037 KRW). For NH Investment & Securities Co Ltd the two are 7,513 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is NH Investment & Securities Co Ltd worth?
The market values NH Investment & Securities Co Ltd at about 11.6T KRW (market capitalisation, as of Aug 24, 2026). Per share that is 26,550 KRW; our models calculate a fair value of 19,037 KRW per share.
What do the bullish and bearish scenarios say about 005940?
Our models span a range for NH Investment & Securities Co Ltd: cautious scenario 14,278 KRW, base 19,037 KRW, optimistic 23,796 KRW per share (as of Aug 24, 2026, price 26,550 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of NH Investment & Securities Co Ltd (005940)?
Balance-sheet figures for NH Investment & Securities Co Ltd (as of Aug 24, 2026): return on equity 14.5%, debt of 1.02 per unit of equity. They feed the Quality Score of 32/100, which measures business quality independently of the share price.
How far is 005940 from its 52-week high?
NH Investment & Securities Co Ltd trades at 26,550 KRW, about 35% below its 52-week high of 40,983 KRW and 55% above the low of 17,153 KRW (as of Aug 24, 2026). Distance from the high says nothing about value: that is what the fair value of 19,037 KRW is for.
Which stocks are comparable to NH Investment & 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, Robinhood Markets, Inc, 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 NH Investment & Securities Co Ltd stock attractive at the current price?
The data as of Aug 24, 2026: price 26,550 KRW, calculated fair value 19,037 KRW (−28%), Quality Score 32/100, 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 005940 calculated?
We run NH Investment & 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 19,037 KRW, with the spread shown as a cautious and an optimistic scenario.
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