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EBEST Investment & Securities Co (078020) Fair Value & Analysis

Financials · KR · Market cap 329B KRW

EI EBEST Investment & Securities Co 078020 · KQ
Price6,400 KRW
Fair Value5,844 KRW
Upside-8.7%
Quality48/100
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Weak Growth
Thin margins · 5.7% net margin
Moderate debt · generates free cash flow
3.16% dividend yield
Ranks above peers (5/8)
Moderate moat 62/100
Evidence: High Range 4,383 KRW – 7,305 KRW Share as image

Fair value as of: Jul 20, 2026

From 4 valuation models · updated 20 days ago

Share price −0.5% over the past month.

Below-average quality, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • 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)

9,010 KRW 3,162 KRW Fair Value 5,844 KRW Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 20, 2026.

How to read this chart

60‑month range 3,162 KRW – 9,010 KRW · fair‑value band 4,383 KRW – 7,305 KRW · the 6,400 KRW price screens above the 5,844 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 20, 2026.

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Analysis

EBEST Investment & Securities Co (078020) currently trades at 6,400 KRW, while our model-based Fair Value estimate is 5,844 KRW, implying the stock looks roughly 8.7% fairly valued today. The Quality Score stands at 48/100 (below-average quality), in the Financials 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, EBEST Investment & Securities Co generated revenue of 1.3T KRW at a net margin of 5.7%. Revenue declined 9.6% year over year. It earns a return on equity of 167.8%. Net debt stands at 14.6B KRW. Fundamentals as of Jul 20, 2026

Our scenario range runs from 4,383 KRW (bear case) to 7,305 KRW (bull case); at 6,400 KRW, the current price sits within 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 30% below its 52-week high and 47% above its 52-week low, currently above its 200-day average. For context, the median of 10 Financials peers we cover trades at 20% fair-value upside, at -9%, 078020 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
Residual Income 12,519 KRW 12,109 KRW 10,162 KRW 76
P/E Multiple 4,383 KRW 5,844 KRW 7,305 KRW 63
P/B Multiple 5,731 KRW 7,642 KRW 9,552 KRW 55
All 4 models by family
Multiples
P/E Multiple 4,383 KRW 5,844 KRW 7,305 KRW 63
P/B Multiple 5,731 KRW 7,642 KRW 9,552 KRW 55
Asset-Based
NCAV (Graham) 8,606 KRW 11,532 KRW 17,211 KRW 50
Economic Profit
Residual Income 12,519 KRW 12,109 KRW 10,162 KRW 76

Widest divergence: Economic Profit (12,109 KRW) versus Multiples (5,844 KRW). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) 1.3T KRW
Revenue growth (YoY) -9.6%
Net margin 5.7%
Return on equity 168%
Free cash flow 27.1B KRW FY2025
Operating margin 40.0%
More key figures
Dividend yield 3.2%
EPS growth (YoY) -81.4%
Net debt 14.6B KRW FY2025

Figures from reported company fundamentals · as of Jul 20, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 48/100

Of which business quality 53 · Market factors (momentum, volatility) 49

Profitability 24
Margins and returns on capital today
Quality Growth 38
Are margins and returns improving?
Cashflow 71
Earnings quality: real cash, not paper profit
Fin. Strength 53
Balance sheet, leverage, solvency risk
Investment 55
Disciplined investing over empire-building
Low Volatility 42
Calm price path (market factor)
Momentum 53
Price trend over the last 3–12 months (market factor)
52W Momentum 49
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

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. It is also involved in the trading of securities and derivatives; acquisition/sale/arrangement of securities; asset securitization; project financing, etc. activities.

Full company description

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. 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.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

EBEST Investment & Securities Co 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.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
197B KRW
Latest YoY
−84.3%
Avg. growth/yr (3Y)
−43.2%
Avg. growth/yr (5Y)
−34.6%
Avg. growth/yr (25Y)
+15.1%
Revenue −36.8%/yr
FY21 1.2T KRW
FY22 1.1T KRW
FY23 1.1T KRW
FY24 1.3T KRW
FY25 197B KRW
Net income −38.5%/yr
FY21 161B KRW
FY22 29.7B KRW
FY23 28.7B KRW
FY24 16.6B KRW
FY25 23.0B KRW

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Cite: Fair Value Calculator (2026). "EBEST Investment & Securities Co Fair Value". https://www.fairvalue-calculator.com/stock/078020

Peer Group

Investment Banking & Investment Services · 17 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 55 · Above median
Fair Value upside −9% · Below median
Return on equity (TTM) 168% · Top 25%
Return on assets 1% · Above median
Net margin (TTM) 6% · Above median
Operating margin (TTM) 40% · Above median
Revenue growth -10% · Below median
Debt / equity 1.35× · Higher 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 22 · sector 27
FUTURE 0 · sector 0
PAST 100 · sector 0
HEALTH 33 · sector 100
DIVIDEND 63 · sector 0

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 Investment Banking & Investment Services stocks, each showing price versus our Fair Value estimate (as of Jul 20, 2026).

Stock Price Fair Value vs Fair Value
Affiliated Managers Group MGR $20.15 $36.48 +81%
Hercules Capital, Inc HCXY $25.16 $50.32 +100%
Edelweiss Financial Services Limited 532922 ₹115.40 ₹124.39 +8%
Mirae Asset Venture Investment Co 100790 14,110 KRW 7,569 KRW -46%
Aju IB Investment Co 027360 3,220 KRW 910.91 KRW -72%
PSE PSE 205.00 PHP 246.27 PHP +20%
IKAB IKAB ₹1,190 ₹203.09 -83%
SERA SERA ₹40.61 ₹81.22 +100%
ABA ABA 0.3150 PHP 0.6300 PHP +100%
Lindeman Asia Investment Co 277070 2,995 KRW 2,878 KRW -4%

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Frequently asked questions

Is EBEST Investment & Securities Co (078020) overvalued or undervalued?
As of Jul 20, 2026, our model estimates a fair value of 5,844 KRW versus a price of 6,400 KRW, about −9% (fairly valued).
What is the fair value of 078020?
Our model-based fair value for EBEST Investment & Securities Co is 5,844 KRW (as of Jul 20, 2026), built from audited fundamentals. The current price is 6,400 KRW.
What is the quality score of 078020?
EBEST Investment & Securities Co has a Quality Score of 48/100. 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 EBEST Investment & Securities Co (078020)?
EBEST Investment & Securities Co reported trailing-twelve-month revenue of about 1.3T KRW (latest available figure, as of Jul 20, 2026).
What is the net profit margin of 078020?
The net profit margin of EBEST Investment & Securities Co is about 5.7%, meaning it keeps roughly 5.7% of revenue as net income. Based on the latest reported figures.
Does EBEST Investment & Securities Co pay a dividend?
EBEST Investment & Securities Co currently shows a dividend yield of about 3.16% relative to its recent price (as of Jul 20, 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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