Mirae Asset Securities Co (006800) Fair Value & Analysis
Financial Services · KR · Market cap 24.6T KRW
Fair value as of: Jul 14, 2026
From 16 valuation models · updated 24 days ago
Share price −18.9% over the past month.
Below-average quality, and screening another 22% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (33,622 KRW). The favourable scenario is already priced in.
- Weak quality (42/100) 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 Jul 14, 2026.
How to read this chart
60‑month range 5,527 KRW – 83,800 KRW · fair‑value band 20,173 KRW – 33,622 KRW · the 34,550 KRW price screens above the 26,898 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 14, 2026.
Analysis
Mirae Asset Securities Co (006800) currently trades at 34,550 KRW, while our model-based Fair Value estimate is 26,898 KRW, implying the stock looks roughly 22.2% overvalued today. We read business quality at 42/100 (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, Mirae Asset Securities Co generated revenue of 21.1T KRW at a net margin of 7.4%. Revenue grew 79.3% year over year. It earns a return on equity of 12.3%. Net debt stands at 19.0T KRW. Fundamentals as of Jul 14, 2026
Our scenario range runs from 20,173 KRW (bear case) to 33,622 KRW (bull case); at 34,550 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 61% below its 52-week high and 103% above its 52-week low, currently below its 200-day average. For context, the median of 10 Financial Services peers we cover trades at 16% fair-value upside, at -22%, 006800 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.
All 16 models by family
Widest divergence: Growth Earnings (50,738 KRW) versus Dividend Discount (2,627 KRW). Highest evidence: Residual Income (76).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 14, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 44 · Market factors (momentum, volatility) 42
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
Mirae Asset Securities Co., Ltd. engages in the provision of various financial services in South Korea and internationally. It operates through Wealth Management, Investment Banking, Sales and Trading, and Principal Investment and Others segments.
Full company description
Mirae Asset Securities Co., Ltd. engages in the provision of various financial services in South Korea and internationally. It operates through Wealth Management, Investment Banking, Sales and Trading, and Principal Investment and Others segments. The company provides diverse financial solutions, such as Initial Public Offerings (IPO), Pre-IPO, mezzanine financing, rights offerings, corporate bonds, acquisition financing, asset securitization, and real estate project financing (PF); investment finance solutions related to aircrafts, ships, power generation, and infrastructures; as well as investment products, including stocks, bonds, exchange-traded and over-the-counter derivatives, foreign exchange, credit, and carbon emissions trading. It also offers custody and brokerage services; public offering funds, stocks, ETFs, ELS/DLS, wrap accounts, trusts, and other financial products; and AI-based financial services, comprehensive consulting services, and pension solutions. The company was formerly known as Mirae Asset Daewoo Co., Ltd. and changed its name to Mirae Asset Securities Co. Ltd. in March 2021. Mirae Asset Securities Co., Ltd. was incorporated in 1970 and is headquartered in Seoul, South Korea.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2020 – FY2025 · reported fiscal years
Mirae Asset Securities Co reported revenue of 3.1T KRW in FY2024 versus 2.6T KRW in FY2020, a compound +4.9%/yr. Reported net income was 1.6T KRW in FY2025, compounding +8.0%/yr from FY2021.
006800 screens 22% overvalued. Compare with Huatai Securities Co →
Peer Group
Capital Markets · 424 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.
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.
Insider activity: 45/100
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
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 14, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Huatai Securities Co HTSC | $0.2700 | $0.0400 | -85% |
| 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% |
| Daishin Securities Co 003540 | 26,200 KRW | 46,660 KRW | +78% |
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Frequently asked questions
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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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