EBEST Investment & Securities Co. Ltd (078020) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of EBEST Investment & Securities Co. Ltd stock KRW 6,820, price KRW 5,850, upside +16.6%, quality 55 out of 100. Rating: undervalued. Calculated from audited financials with 6 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 7, 2026.
How to read this chart
60‑month range 3,162 KRW – 9,010 KRW · fair‑value band 5,115 KRW – 8,525 KRW · the 5,850 KRW price screens below the 6,820 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
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EBEST Investment & Securities Co., Ltd. engages in the investment brokerage and trading businesses in South Korea. The company provides consignment and consignment-related credit services.
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It is also involved in the trading of securities and derivatives; acquisition/sale/arrangement of securities; asset securitization; project financing, etc. activities.
The company was formerly known as E*TRADE Korea Co., Ltd. and changed its name to EBEST Investment & Securities Co., Ltd. in April 2015. EBEST Investment & Securities Co., Ltd. was founded in 1999 and is headquartered in Seoul, South Korea.
Stock analysis
EBEST Investment & Securities Co. Ltd (078020) currently trades at 5,850 KRW, while our model-based Fair Value estimate is 6,820 KRW, implying the stock looks roughly 14% undervalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of 11,293 KRW per share, and 3 of the 6 models we run sit above the 5,850 KRW price.
Bear case: the Dividend Discount group reads lowest at 3,134 KRW, and 3 of the 6 models stay below the price. Data coverage for this calculation is medium.
Scenario range: 5,115 KRW (bear) to 8,525 KRW (bull), the price of 5,850 KRW sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 55/100 (solid quality), in the Financials sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
EBEST Investment & Securities Co. Ltd reported revenue of 197B KRW in FY2025 versus 1.2T KRW in FY2021, a compound −36.8%/yr. Reported net income was 23.0B KRW in FY2025, compounding −38.5%/yr from FY2021.
Key figures
Market cap 295B KRW (≈ $216M) Micro · P/S ratio 0.24 · Dividend yield 3.2% · Net margin 5.7% · Return on equity 168% · Return on assets (EBIT) 1.3% (5-year average) · Operating margin 40.0% · Revenue growth (YoY) −9.6%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 62 out of 100 (low confidence).
What moves the price
The share trades about 35% below its 52-week high and 33% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Financials peers we cover trades at 4% fair-value upside, at 17%, 078020 screens cheaper than that median.
Fair Value models
Bear5,115 KRWFair Value 6,820 KRWBull8,525 KRW
Price 5,850 KRW · Upside +16.6%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.40/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−84.3%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−43.2%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−34.6%
Start year 2020 (pandemic). Over 10 years: −10.1% a year
Revenue growth 25 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+15.1%
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What shareholders gained per year (last 5 years), in KRW ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in KRW: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
−25.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year−28.9%
Dividend (yield on the price)3.2%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−28.9% vs −3.9%, slowing
Profit margin 2019 to 2024 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.8% → 2%
Compare EBEST Investment & Securities Co. Ltd with another stock
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.Investment Banking & Investment Services · 15 stocks
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Is EBEST Investment & Securities Co. Ltd (078020) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of 6,820 KRW versus a price of 5,850 KRW, about +17% upside (undervalued).
What is the fair value of 078020?
Our model-based fair value for EBEST Investment & Securities Co. Ltd is 6,820 KRW (as of Nov 7, 2026), built from audited fundamentals. The current price: 5,850 KRW.
What is the quality score of 078020?
EBEST Investment & Securities Co. Ltd has a Quality Score of 55/100. 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 price target for EBEST Investment & Securities Co. Ltd (078020)?
Our model-based price target is the fair value of 6,820 KRW (as of Nov 7, 2026) from 6 valuation models. Cautious scenario 5,115 KRW, optimistic scenario 8,525 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the EBEST Investment & Securities Co. Ltd stock forecast for 2026?
Our models put fair value at 6,820 KRW, about +17% upside versus a price of 5,850 KRW (undervalued). Cautious scenario 5,115 KRW, optimistic scenario 8,525 KRW. The calculation is refreshed regularly with new filings.
Does EBEST Investment & Securities Co. Ltd pay a dividend?
EBEST Investment & Securities Co. Ltd currently shows a dividend yield of 3.16% relative to its recent price (as of Nov 7, 2026).
How much is the dividend of EBEST Investment & Securities Co. Ltd (078020)?
EBEST Investment & Securities Co. Ltd has a dividend yield of 3.2%. Our assessment: Safety not assessed. Payout ratio and cash coverage are not available, so we do not judge how safe this dividend is.
What is the intrinsic value of EBEST Investment & Securities Co. Ltd (078020)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For EBEST Investment & Securities Co. Ltd it is 6,820 KRW per share (as of Nov 7, 2026), against a price of 5,850 KRW. It is the blended result of 6 valuation models in 4 families (Dividend Discount, Multiples, Asset-Based, Economic Profit).
Is EBEST Investment & Securities Co. Ltd stock overvalued or undervalued in 2026?
As of Nov 7, 2026, 078020 trades below its calculated fair value: price 5,850 KRW, fair value 6,820 KRW, a gap of about +17% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 078020?
No. The price is what the market pays today (5,850 KRW); the fair value is what the company's own numbers justify (6,820 KRW). For EBEST Investment & Securities Co. Ltd the two are 970.22 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is EBEST Investment & Securities Co. Ltd worth?
The market values EBEST Investment & Securities Co. Ltd at about 295B KRW (market capitalisation, as of Nov 7, 2026). Per share that is 5,850 KRW; our models calculate a fair value of 6,820 KRW per share.
What do the bullish and bearish scenarios say about 078020?
Our models span a range for EBEST Investment & Securities Co. Ltd: cautious scenario 5,115 KRW, base 6,820 KRW, optimistic 8,525 KRW per share (as of Nov 7, 2026, price 5,850 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of EBEST Investment & Securities Co. Ltd (078020)?
Balance-sheet figures for EBEST Investment & Securities Co. Ltd (as of Nov 7, 2026): return on equity 167.8%, debt of 1.35 per unit of equity. They feed the Quality Score of 55/100, which measures business quality independently of the share price.
How far is 078020 from its 52-week high?
EBEST Investment & Securities Co. Ltd trades at 5,850 KRW, about 35% below its 52-week high of 9,010 KRW and 33% above the low of 4,395 KRW (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 6,820 KRW is for.
Which stocks are comparable to EBEST Investment & Securities Co. Ltd?
From the same area (Financials) we also value Mirae Asset Venture Investment Co, Aju IB Investment Co, MKVENTURES, SERA, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is EBEST Investment & Securities Co. Ltd stock attractive at the current price?
The data as of Nov 7, 2026: price 5,850 KRW, calculated fair value 6,820 KRW (+17%), Quality Score 55/100, from 6 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 078020 calculated?
We run EBEST Investment & Securities Co. Ltd through 6 models from 4 families: Dividend Discount, Multiples, Asset-Based, Economic Profit. Every model gets the same audited fundamentals; the fair value of 6,820 KRW builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0% above its aggregate fair value. EBEST Investment & Securities Co. Ltd currently trades 14% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of EBEST Investment & Securities Co. Ltd (078020)?
The closing price on Nov 6, 2026 was 5,850 KRW. Our model-based fair value is 6,820 KRW, about +17% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with EBEST Investment & Securities Co. Ltd right now?
For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly. The price sits in the lower half of our model range, the side with the larger margin of safety. Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.
Key figures of EBEST Investment & Securities Co. Ltd
How large is the market capitalisation of EBEST Investment & Securities Co. Ltd (078020)?
The market capitalisation of EBEST Investment & Securities Co. Ltd is 295B KRW (≈ $216M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of EBEST Investment & Securities Co. Ltd (078020)?
The price-to-sales ratio of EBEST Investment & Securities Co. Ltd is 0.24 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the dividend yield of EBEST Investment & Securities Co. Ltd (078020)?
The dividend yield of EBEST Investment & Securities Co. Ltd is 3.2%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of EBEST Investment & Securities Co. Ltd (078020)?
The net margin of EBEST Investment & Securities Co. Ltd is 5.7% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of EBEST Investment & Securities Co. Ltd (078020)?
The return on equity (ROE) of EBEST Investment & Securities Co. Ltd is 168% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of EBEST Investment & Securities Co. Ltd (078020)?
On an EBIT basis the return on assets of EBEST Investment & Securities Co. Ltd is 1.3% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of EBEST Investment & Securities Co. Ltd (078020)?
The operating margin of EBEST Investment & Securities Co. Ltd is 40.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at EBEST Investment & Securities Co. Ltd (078020)?
Revenue at EBEST Investment & Securities Co. Ltd is growing −9.6% versus a year earlier (3y avg −43.2%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at EBEST Investment & Securities Co. Ltd (078020)?
Earnings per share at EBEST Investment & Securities Co. Ltd are growing −81.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does EBEST Investment & Securities Co. Ltd (078020) generate?
The free cash flow of EBEST Investment & Securities Co. Ltd is 27.1B KRW (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does EBEST Investment & Securities Co. Ltd (078020) carry?
The net debt of EBEST Investment & Securities Co. Ltd is 14.6B KRW (fiscal year 2025, ≈ 0.5 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Nov 7, 2026