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Kyobo Securities Co (030610) Fair Value & Analysis

Financial Services · KR · Market cap 1.1T KRW

KS Kyobo Securities Co 030610 · KO
Price10,000 KRW
Fair Value19,520 KRW
Upside+95.2%
Quality31/100
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Mixed Growth
Thin margins · 3.1% net margin
Low debt · negative free cash flow
5.83% dividend yield
Mixed vs. peers (4/9)
Moderate moat 46/100
Evidence: High Range 14,640 KRW – 24,400 KRW Share as image

Fair value as of: Jul 24, 2026

From 2 valuation models · updated 17 days ago

Fair value updated Jul 24, 2026, revised from 19,420 KRW to 19,520 KRW (+0.5%) since Jun 26, 2026. Share price +3.1% over the past month.

Below-average quality, screening 95% undervalued on our models.

What matters now

  • The large discount to fair value meets weak quality (31/100). That raises the risk this is a value trap rather than a bargain.
  • The price is below even our cautious bear case (14,640 KRW). The market is more pessimistic than our downside scenario.
  • 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)

16,015 KRW 4,008 KRW Fair Value 19,520 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 4,008 KRW – 16,015 KRW · fair‑value band 14,640 KRW – 24,400 KRW · the 10,000 KRW price screens below the 19,520 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

Kyobo Securities Co (030610) currently trades at 10,000 KRW, while our model-based Fair Value estimate is 19,520 KRW, implying the stock looks roughly 95.2% undervalued today. The Quality Score stands at 31/100 (below-average 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, Kyobo Securities Co generated revenue of 5.2T KRW at a net margin of 3.1%. Revenue grew 116.0% year over year. It earns a return on equity of 7.6%. Net debt stands at 1.0T KRW. Fundamentals as of Jul 24, 2026

Our scenario range runs from 14,640 KRW (bear case) to 24,400 KRW (bull case); at 10,000 KRW, the current price sits below 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 43% below its 52-week high and 30% above its 52-week low, currently below its 200-day average. For context, the median of 10 Financial Services peers we cover trades at 11% fair-value upside, at 95%, 030610 screens cheaper 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 BearBaseBull Evidence
Highest evidence
P/B Multiple 11,968 KRW 15,957 KRW 19,947 KRW 55
NCAV (Graham) 9,387 KRW 12,578 KRW 18,773 KRW 50
All 2 models by family
Multiples
P/B Multiple 11,968 KRW 15,957 KRW 19,947 KRW 55
Asset-Based
NCAV (Graham) 9,387 KRW 12,578 KRW 18,773 KRW 50

Widest divergence: Multiples (15,957 KRW) versus Asset-Based (12,578 KRW). Highest evidence: P/B Multiple (55).

Key figures & financial health

Revenue (TTM) 5.2T KRW
Revenue growth (YoY) +116%
Net margin 3.1%
Return on equity 7.6%
Free cash flow −910B KRW FY2025
Operating margin 30.8%
More key figures
Dividend yield 5.0%
EPS growth (YoY) +32.3%
Net debt 1.0T KRW FY2022

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

Quality Score breakdown

Overall quality 31/100

Of which business quality 30 · Market factors (momentum, volatility) 32

Profitability 34
Margins and returns on capital today
Quality Growth 39
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 27
Balance sheet, leverage, solvency risk
Investment 59
Disciplined investing over empire-building
Low Volatility 39
Calm price path (market factor)
Momentum 29
Price trend over the last 3–12 months (market factor)
52W Momentum 30
Distance to the 52-week high (market factor)
Net Issuance 40
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

Kyobo Securities Co., Ltd., a securities company, engages in trading, brokerage, agency, and underwriting of listed securities businesses in South Korea.

Full company description

Kyobo Securities Co., Ltd., a securities company, engages in trading, brokerage, agency, and underwriting of listed securities businesses in South Korea. It is involved in consignment trading of securities, brokerage or agency of trading, and related business activities; and business activities related to stocks, bonds, and stock indices for trading purposes, as well as related to derivatives traded on and off the exchange, such as futures and options. The company also provides investment banking services, including securities acquisition, sales, and arrangement; M&A brokerage; corporate financing and operation consulting; asset securitization; and project financing. In addition, it offers asset management, wealth management, real estate management, and proprietary fund management-related services. The company was formerly known as Daehan Securities Co., Ltd. and changed its name to Kyobo Securities Co., Ltd. in April 1994. Kyobo Securities Co., Ltd. was founded in 1949 and is headquartered in Seoul, South Korea. Kyobo Securities Co.,Ltd. is a subsidiary of Kyobo Life Insurance Co., Ltd.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Kyobo Securities Co reported revenue of 465B KRW in FY2025 versus 444B KRW in FY2021, a compound +1.1%/yr. Reported net income was 143B KRW in FY2025, compounding −0.1%/yr from FY2021.

Growth Quality 29/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
465B KRW
Latest YoY
+23.2%
Avg. growth/yr (3Y)
+17.4%
Avg. growth/yr (5Y)
+5.2%
Avg. growth/yr (25Y)
+3.4%
Revenue +1.1%/yr
FY21 444B KRW
FY22 287B KRW
FY23 316B KRW
FY24 377B KRW
FY25 465B KRW
Net income −0.1%/yr
FY21 143B KRW
FY22 43.3B KRW
FY23 67.6B KRW
FY24 118B KRW
FY25 143B KRW

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Cite: Fair Value Calculator (2026). "Kyobo Securities Co Fair Value". https://www.fairvalue-calculator.com/stock/030610

Peer Group

Capital Markets · 425 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 33 · Bottom 25%
Fair Value upside +95% · Top 25%
Return on equity (TTM) 8% · Below median
Return on assets 1% · Below median
Net margin (TTM) 3% · Below median
Operating margin (TTM) 31% · Above median
Revenue growth 116% · Top 25%
Dividend yield (TTM) 5.8% · Top 25%
Debt / equity 0.25× · Higher than 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.

VALUE 100 · sector 9
FUTURE 100 · sector 96
PAST 30 · sector 30
HEALTH 87 · 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 24, 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 Kyobo Securities Co (030610) overvalued or undervalued?
As of Jul 24, 2026, our model estimates a fair value of 19,520 KRW versus a price of 10,000 KRW, about +95% (undervalued).
What is the fair value of 030610?
Our model-based fair value for Kyobo Securities Co is 19,520 KRW (as of Jul 24, 2026), built from audited fundamentals. The current price is 10,000 KRW.
What is the quality score of 030610?
Kyobo Securities Co has a Quality Score of 31/100. 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 Kyobo Securities Co (030610)?
Kyobo Securities Co reported trailing-twelve-month revenue of about 5.2T KRW (latest available figure, as of Jul 24, 2026).
What is the net profit margin of 030610?
The net profit margin of Kyobo Securities Co is about 3.1%, meaning it keeps roughly 3.1% of revenue as net income. Based on the latest reported figures.
Does Kyobo Securities Co pay a dividend?
Kyobo Securities Co currently shows a dividend yield of about 5.03% 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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