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Samsung Life Insurance Co (032830) Fair Value & Analysis

Financial Services · KR · Market cap 60.7T KRW

SL Samsung Life Insurance Co 032830 · KO
Price287,500 KRW
Fair Value166,710 KRW
Upside-42.0%
Quality55/100
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Weak Growth
Solidly profitable · 11.8% net margin
Low debt · generates free cash flow
1.67% dividend yield
Mixed vs. peers (5/12)
Narrow moat 37/100
Evidence: High Range 125,032 KRW – 208,387 KRW Share as image

Fair value as of: Jul 16, 2026

From 18 valuation models · updated 22 days ago

Share price −23.3% over the past month.

A solid business, but screening 42% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (208,387 KRW). The favourable scenario is already priced in.
  • Solid but not exceptional quality (55/100) and above fair value, neither a clear bargain nor a standout compounder.
  • 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)

497,000 KRW 47,928 KRW Fair Value 166,710 KRW Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.

How to read this chart

60‑month range 47,928 KRW – 497,000 KRW · fair‑value band 125,032 KRW – 208,387 KRW · the 287,500 KRW price screens above the 166,710 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 16, 2026.

Full chart & analysis →

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Analysis

Samsung Life Insurance Co (032830) currently trades at 287,500 KRW, while our model-based Fair Value estimate is 166,710 KRW, implying the stock looks roughly 42.0% overvalued today. We read business quality at 55/100 (solid 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, Samsung Life Insurance Co generated revenue of 20.0T KRW at a net margin of 11.5%. Revenue grew 29.4% year over year. It earns a return on equity of 4.8%. Net debt stands at 17.1T KRW. Fundamentals as of Jul 16, 2026

Our scenario range runs from 125,032 KRW (bear case) to 208,387 KRW (bull case); at 287,500 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 41% below its 52-week high and 161% above its 52-week low, currently above its 200-day average. For context, the median of 10 Financial Services peers we cover trades at 33% fair-value upside, at -42%, 032830 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 BearBaseBull Evidence
Highest evidence
Growth DCF 216,058 KRW 329,112 KRW 542,898 KRW 80
Residual Income 262,374 KRW 260,257 KRW 234,868 KRW 76
Rev-Margin DCF 164,216 KRW 283,306 KRW 434,079 KRW 74
All 18 models by family
DCF Models
FCF DCF 202,335 KRW 316,784 KRW 552,877 KRW 38
Owner Earnings 47,487 KRW 102,427 KRW 215,761 KRW 31
5Y Revenue Exit 164,216 KRW 276,744 KRW 445,627 KRW 39
5Y P/E Exit 118,313 KRW 198,627 KRW 298,571 KRW 38
10Y Revenue Exit 168,608 KRW 267,683 KRW 378,613 KRW 36
10Y P/E Exit 147,142 KRW 215,589 KRW 283,025 KRW 35
Earnings-Based
Graham-Dodd 87,202 KRW 135,921 KRW 162,814 KRW 54
Dividend Discount
Gordon GGM 46,840 KRW 55,793 KRW 66,100 KRW 70
DDM Multi-Stage 46,840 KRW 62,872 KRW 83,998 KRW 61
Multiples
P/E Multiple 192,358 KRW 256,477 KRW 320,596 KRW 63
P/S Multiple 163,504 KRW 218,005 KRW 272,506 KRW 58
P/B Multiple 163,504 KRW 218,005 KRW 272,506 KRW 55
EV/Revenue 162,294 KRW 272,765 KRW 383,236 KRW 43
Asset-Based
NCAV (Graham) 174,647 KRW 234,027 KRW 349,293 KRW 50
Growth DCF
Growth DCF 216,058 KRW 329,112 KRW 542,898 KRW 80
Rev-Margin DCF 164,216 KRW 283,306 KRW 434,079 KRW 74
Economic Profit
Residual Income 262,374 KRW 260,257 KRW 234,868 KRW 76
Growth Earnings
Growth-Adj P/E 136,087 KRW 194,409 KRW 252,732 KRW 68

Widest divergence: Growth DCF (283,306 KRW) versus Dividend Discount (55,793 KRW). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 20.0T KRW
Revenue growth (YoY) +29.4%
Net margin 11.5%
Return on equity 4.8%
Free cash flow 5.1T KRW FY2025
Operating margin -83.0%
More key figures
Dividend yield 1.3%
EPS growth (YoY) +187%
Net debt 17.1T KRW FY2025

Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 55/100

Of which business quality 47 · Market factors (momentum, volatility) 67

Profitability 18
Margins and returns on capital today
Quality Growth 46
Are margins and returns improving?
Cashflow 86
Earnings quality: real cash, not paper profit
Fin. Strength 6
Balance sheet, leverage, solvency risk
Investment 61
Disciplined investing over empire-building
Low Volatility 30
Calm price path (market factor)
Momentum 89
Price trend over the last 3–12 months (market factor)
52W Momentum 72
Distance to the 52-week high (market factor)
Net Issuance 82
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

Samsung Life Insurance Co., Ltd., together with its subsidiaries, engages in the life insurance business to corporate and individual customers in South Korea and internationally. The company operates through Domestic Insurance; Credit Card Service, Installment Financing and Leasing; and Overseas segments.

Full company description

Samsung Life Insurance Co., Ltd., together with its subsidiaries, engages in the life insurance business to corporate and individual customers in South Korea and internationally. The company operates through Domestic Insurance; Credit Card Service, Installment Financing and Leasing; and Overseas segments. It also offers various loan products for companies, household, and stocks and bonds, as well as mortgage loans; and retirement pension, funds, and asset management services. The company was formerly known as Dongbang Life Insurance and changed its name to Samsung Life Insurance Co., Ltd. in July 1989. Samsung Life Insurance Co., Ltd. was founded in 1957 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

Samsung Life Insurance Co reported revenue of 28.5T KRW in FY2025 versus 28.5T KRW in FY2021, a compound −0.0%/yr. Reported net income was 2.3T KRW in FY2025, compounding +11.9%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
28.5T KRW
Latest YoY
+19.2%
Avg. growth/yr (3Y)
−0.4%
Avg. growth/yr (5Y)
−0.4%
Avg. growth/yr (26Y)
+1.7%
Revenue −0.0%/yr
FY21 28.5T KRW
FY22 28.9T KRW
FY23 24.4T KRW
FY24 23.9T KRW
FY25 28.5T KRW
Net income +11.9%/yr
FY21 1.5T KRW
FY22 1.6T KRW
FY23 1.9T KRW
FY24 2.1T KRW
FY25 2.3T KRW

032830 screens 42% overvalued. Compare with China Life Insurance Company →

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Cite: Fair Value Calculator (2026). "Samsung Life Insurance Co Fair Value". https://www.fairvalue-calculator.com/stock/032830

Peer Group

Insurance - Life · 96 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 53 · Below median
Fair Value upside −42% · Bottom 25%
Return on equity (TTM) 5% · Below median
Return on assets 1% · Above median
Net margin (TTM) 12% · Above median
Operating margin (TTM) 3% · Bottom 25%
Revenue growth 59% · Top 25%
Dividend yield (TTM) 1.7% · Below median
Debt / equity 0.37× · Higher than median

Valuation Multiples vs Insurance - Life median · lower = cheaper

P/FCF 0.0× · Cheaper than 75% of peers
EV/EBITDA 2.1× · Cheaper than 75% of peers
PEG 1.51× · Pricier 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 28
FUTURE 100 · sector 44
PAST 21 · sector 42
HEALTH 82 · sector 85
DIVIDEND 33 · sector 54

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 Insurance - Life stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).

Stock Price Fair Value vs Fair Value
China Life Insurance Company 601628 ¥38.72 ¥70.87 +83%
Ping An Insurance (Group) Company 601318 ¥49.60 ¥96.76 +95%
AIA Group 1299 HK$75.55 HK$7.88 -90%
Manulife Financial Corporation MFC C$58.52 C$45.13 -23%
Great-West Lifeco Inc GWO C$92.34 C$59.64 -35%
Life Insurance Corporation LICI ₹438.30 ₹590.43 +35%
Fubon Financial Holding 2881 124.50 TWD 115.05 TWD -8%
Cathay Financial Holding 2882 94.00 TWD 94.95 TWD +1%
China Pacific Insurance (Group) Co 601601 ¥29.75 ¥59.50 +100%
Prudential plc PUKN 545.00 MXN 722.72 MXN +33%

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Frequently asked questions

Is Samsung Life Insurance Co (032830) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of 166,710 KRW versus a price of 287,500 KRW, about −42% (overvalued).
What is the fair value of 032830?
Our model-based fair value for Samsung Life Insurance Co is 166,710 KRW (as of Jul 16, 2026), built from audited fundamentals. The current price is 287,500 KRW.
What is the quality score of 032830?
Samsung Life Insurance Co has a Quality Score of 55/100. It combines two groups: business quality (profitability, growth, cash flow, balance-sheet strength) and market factors (price momentum, distance to the 52-week high, volatility). Both subtotals are shown separately in the detail view.
What is the revenue of Samsung Life Insurance Co (032830)?
Samsung Life Insurance Co reported trailing-twelve-month revenue of about 20.0T KRW (latest available figure, as of Jul 16, 2026).
What is the net profit margin of 032830?
The net profit margin of Samsung Life Insurance Co is about 11.5%, meaning it keeps roughly 11.5% of revenue as net income. Based on the latest reported figures.
Does Samsung Life Insurance Co pay a dividend?
Samsung Life Insurance Co currently shows a dividend yield of about 1.28% relative to its recent price (as of Jul 16, 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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