Seoul Guarantee Insurance Co (031210) Fair Value & Analysis
Financial Services · KR · Market cap 3.0T KRW
Fair value as of: Jul 24, 2026
From 4 valuation models · updated 17 days ago
Share price +1.6% over the past month.
A solid business, screening 74% undervalued on our models.
What matters now
- The price is below even our cautious bear case (57,656 KRW). The market is more pessimistic than our downside scenario.
- Solid quality (62/100) 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.
Price vs Fair Value (17 months)
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
17‑month range 27,413 KRW – 58,604 KRW · fair‑value band 57,656 KRW – 96,093 KRW · the 44,250 KRW price screens below the 76,874 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.
Analysis
Seoul Guarantee Insurance Co (031210) currently trades at 44,250 KRW, while our model-based Fair Value estimate is 76,874 KRW, implying the stock looks roughly 73.7% undervalued today. The Quality Score stands at 62/100 (solid 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, Seoul Guarantee Insurance Co generated revenue of 2.5T KRW at a net margin of 12.1%. Revenue grew 22.4% year over year. It earns a return on equity of 6.1%. Fundamentals as of Jul 24, 2026
Our scenario range runs from 57,656 KRW (bear case) to 96,093 KRW (bull case); at 44,250 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 28% below its 52-week high and 20% above its 52-week low, currently below its 200-day average. For context, the median of 10 Financial Services peers we cover trades at -12% fair-value upside, at 74%, 031210 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.
All 4 models by family
Widest divergence: Multiples (65,343 KRW) versus Asset-Based (49,802 KRW). Highest evidence: Residual Income (76).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 24, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 60 · Market factors (momentum, volatility) 44
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
Seoul Guarantee Insurance Co., Ltd., together with its subsidiaries, engages in non-life insurance and other related operations to individuals and corporates in South Korea and internationally.
Full company description
Seoul Guarantee Insurance Co., Ltd., together with its subsidiaries, engages in non-life insurance and other related operations to individuals and corporates in South Korea and internationally. The company offers surety insurance, credit insurance, reinsurance and related asset management, etc.; contract, non-contract, and financial guarantee bonds; and commercial credit insurance, such as mobile phone contracts and credit sales. It also engages in collection of receivables; and insurance management and brokerage. The company was formerly known as Korea Fidelity & Surety Co., Ltd. and changed its name to Seoul Guarantee Insurance Co., Ltd. in November 1998. Seoul Guarantee Insurance Co., Ltd. was incorporated in 1969 and is headquartered in Seoul, South Korea.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Seoul Guarantee Insurance Co reported revenue of 2.3T KRW in FY2025 versus 1.9T KRW in FY2021, a compound +4.8%/yr. Reported net income was 268B KRW in FY2025, compounding −12.4%/yr from FY2021.
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Peer Group
Insurance - Diversified · 84 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.
Valuation Multiples vs Insurance - Diversified median · lower = cheaper
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.
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 Insurance - Diversified stocks, each showing price versus our Fair Value estimate (as of Jul 24, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Berkshire Hathaway Inc BRKB | 8,562 MXN | 10,844 MXN | +27% |
| Allianz SE ALV | €421.00 | €369.31 | -12% |
| Zurich Insurance Group ZURN | CHF 624.40 | CHF 619.80 | -1% |
| AXA SA AXAN | 888.28 MXN | 1,249 MXN | +41% |
| Assicurazioni Generali S.p.A G | €42.90 | €12.18 | -72% |
| Sun Life Financial Inc SLF | C$114.20 | C$87.83 | -23% |
| BB Seguridade Participações S.A BBSE3 | R$40.71 | R$60.39 | +48% |
| Tryg A/S TRYG | kr 154.00 | kr 116.45 | -24% |
| PT Sinar Mas Multiartha Tbk SMMA | 20,625 IDR | 4,176 IDR | -80% |
| Caixa Seguridade Participações S.A CXSE3 | R$21.77 | R$18.60 | -15% |
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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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