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Jeju Bank, (006220) Fair Value & Analysis

Financial Services · KR · Market cap 347B KRW

JB Jeju Bank, 006220 · KO
Price9,300 KRW
Fair Value4,072 KRW
Upside-56.2%
Quality38/100
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Healthy Growth
Thin margins · 9.2% net margin
Moderate debt · generates free cash flow
1.09% dividend yield
Trails peers (2/10)
Narrow moat 43/100
Evidence: High Range 3,054 KRW – 5,090 KRW Share as image

Fair value as of: Jul 24, 2026

From 6 valuation models · updated 17 days ago

Share price −7.6% over the past month.

Below-average quality, and screening another 56% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (5,090 KRW). The favourable scenario is already priced in.
  • Weak quality (38/100) 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.
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Price vs Fair Value (5 years)

26,036 KRW 3,977 KRW Fair Value 4,072 KRW Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 24, 2026.

How to read this chart

60‑month range 3,977 KRW – 26,036 KRW · fair‑value band 3,054 KRW – 5,090 KRW · the 9,300 KRW price screens above the 4,072 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 24, 2026.

Full chart & analysis →

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Analysis

Jeju Bank, (006220) currently trades at 9,300 KRW, while our model-based Fair Value estimate is 4,072 KRW, implying the stock looks roughly 56.2% overvalued today. The Quality Score stands at 38/100 (below-average quality), in the Financial Services sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Jeju Bank, generated revenue of 165B KRW at a net margin of 9.2%. Revenue grew 19.7% year over year. It earns a return on equity of 2.5%. Net debt stands at 433B KRW. Fundamentals as of Jul 24, 2026

Our scenario range runs from 3,054 KRW (bear case) to 5,090 KRW (bull case); at 9,300 KRW, the current price sits above 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 52% below its 52-week high and 2% above its 52-week low, currently below its 200-day average. For context, the median of 10 Financial Services peers we cover trades at 42% fair-value upside, at -56%, 006220 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 12,361 KRW 11,967 KRW 9,822 KRW 76
Gordon GGM 2,294 KRW 3,302 KRW 4,376 KRW 70
P/E Multiple 3,593 KRW 4,791 KRW 5,989 KRW 63
All 6 models by family
Dividend Discount
Gordon GGM 2,294 KRW 3,302 KRW 4,376 KRW 70
DDM Multi-Stage 2,294 KRW 3,272 KRW 4,462 KRW 61
Multiples
P/E Multiple 3,593 KRW 4,791 KRW 5,989 KRW 63
P/B Multiple 4,699 KRW 6,265 KRW 7,831 KRW 55
Asset-Based
NCAV (Graham) 8,562 KRW 11,473 KRW 17,124 KRW 50
Economic Profit
Residual Income 12,361 KRW 11,967 KRW 9,822 KRW 76

Widest divergence: Economic Profit (11,967 KRW) versus Dividend Discount (3,272 KRW). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 165B KRW
Revenue growth (YoY) +19.7%
Net margin 9.2%
Return on equity 2.5%
Free cash flow 15.6B KRW FY2025
Operating margin 25.0%
More key figures
Dividend yield 0.8%
EPS growth (YoY) +62.2%
Net debt 433B KRW FY2025

Figures from reported company fundamentals · as of Jul 24, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 38/100

Of which business quality 35 · Market factors (momentum, volatility) 19

Profitability 17
Margins and returns on capital today
Quality Growth 56
Are margins and returns improving?
Cashflow 57
Earnings quality: real cash, not paper profit
Fin. Strength 10
Balance sheet, leverage, solvency risk
Investment 77
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 7
Price trend over the last 3–12 months (market factor)
52W Momentum 2
Distance to the 52-week high (market factor)
Net Issuance 12
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

Jeju Bank, together with its subsidiaries, engages in the provision of commercial banking products and services in South Korea.

Full company description

Jeju Bank, together with its subsidiaries, engages in the provision of commercial banking products and services in South Korea. It provides deposit; savings; credit, secured, and car loans; credit cards; foreign currency exchange and deposits, and foreign remittance; funds; trust services; retirement pension, gold/silver bars; and insurance products, as well as internet banking. The company was founded in 1969 and is headquartered in Jeju-si, South Korea. Jeju Bank is a subsidiary of Shinhan Financial Group Co., Ltd.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Jeju Bank, reported revenue of 190B KRW in FY2025 versus 142B KRW in FY2021, a compound +7.6%/yr. Reported net income was 13.9B KRW in FY2025, compounding −6.8%/yr from FY2021.

Growth Quality 74/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
190B KRW
Latest YoY
+7.1%
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.
+4.6%
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.
+7.3%
Avg. growth/yr (25Y) 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.
+0.8%
Revenue +7.6%/yr
FY21 142B KRW
FY22 166B KRW
FY23 168B KRW
FY24 177B KRW
FY25 190B KRW
Net income −6.8%/yr
FY21 18.4B KRW
FY22 22.8B KRW
FY23 5.1B KRW
FY24 10.4B KRW
FY25 13.9B KRW

006220 screens 56% overvalued. Compare with PT Bank Central Asia Tbk →

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Cite: Fair Value Calculator (2026). "Jeju Bank, Fair Value". https://www.fairvalue-calculator.com/stock/006220

Peer Group

Banks - Regional · 1083 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 37 · Bottom 25%
Fair Value upside −56% · Bottom 25%
Return on equity (TTM) 2% · Bottom 25%
Return on assets 0% · Bottom 25%
Net margin (TTM) 9% · Bottom 25%
Operating margin (TTM) 25% · Bottom 25%
Revenue growth 20% · Top 25%
Dividend yield (TTM) 1.1% · Below median
Debt / equity 0.57× · Higher than median

Valuation Multiples vs Banks - Regional 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 0 · sector 39
FUTURE 99 · sector 44
PAST 10 · sector 41
HEALTH 71 · sector 85
DIVIDEND 22 · sector 49

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

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

Similar stocks

10 more Banks - Regional stocks, each showing price versus our Fair Value estimate (as of Jul 24, 2026).

Stock Price Fair Value vs Fair Value
PT Bank Central Asia Tbk BBCA 6,175 IDR 6,087 IDR -1%
KB Financial Group 105560 184,400 KRW 213,797 KRW +16%
PT Bank Rakyat Indonesia (Persero) Tbk BBRI 2,970 IDR 4,891 IDR +65%
PT Bank Mandiri (Persero) Tbk BMRI 4,310 IDR 7,841 IDR +82%
Banco Bradesco S.A BBD 5,120 ARS 10,240 ARS +100%
Shinhan Financial Group 055550 107,900 KRW 137,259 KRW +27%
Hana Financial Group 086790 136,800 KRW 193,969 KRW +42%
Lloyds Banking Group LYG 4,138 ARS 8,275 ARS +100%
Banco de Chile, CHILE 193.10 CLP 152.55 CLP -21%
Joint Stock Commercial Bank for Foreign Trade of Vietnam, VCB 59,400 VND 84,201 VND +42%

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Frequently asked questions

Is Jeju Bank, (006220) overvalued or undervalued?
As of Jul 24, 2026, our model estimates a fair value of 4,072 KRW versus a price of 9,300 KRW, about −56% (overvalued).
What is the fair value of 006220?
Our model-based fair value for Jeju Bank, is 4,072 KRW (as of Jul 24, 2026), built from audited fundamentals. The current price is 9,300 KRW.
What is the quality score of 006220?
Jeju Bank, has a Quality Score of 38/100. 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 Jeju Bank, (006220)?
Jeju Bank, reported trailing-twelve-month revenue of about 165B KRW (latest available figure, as of Jul 24, 2026).
What is the net profit margin of 006220?
The net profit margin of Jeju Bank, is about 9.2%, meaning it keeps roughly 9.2% of revenue as net income. Based on the latest reported figures.
Does Jeju Bank, pay a dividend?
Jeju Bank, currently shows a dividend yield of about 0.81% relative to its recent price (as of Jul 24, 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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