Mirae Asset Life Insurance Co Ltd (085620) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Mirae Asset Life Insurance Co Ltd KRW 14,935, price KRW 19,320, upside -22.7%, quality 54 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range 2,475 KRW – 34,550 KRW · fair‑value band 11,201 KRW – 18,668 KRW · the 19,320 KRW price screens above the 14,935 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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MIRAE ASSET Life Insurance Co., Ltd. provides personal insurance products and undertakes related reinsurance contracts in South Korea. The company offers pension/savings, whole life/term, cancer/health, dementia/nursing care, whole life/term, and retirement pension insurance products, as well as insurance and insurance policyholder credit loans.
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MIRAE ASSET Life Insurance Co., Ltd. provides personal insurance products and undertakes related reinsurance contracts in South Korea. The company offers pension/savings, whole life/term, cancer/health, dementia/nursing care, whole life/term, and retirement pension insurance products, as well as insurance and insurance policyholder credit loans. MIRAE ASSET Life Insurance Co., Ltd. was founded in 1988 and is headquartered in Seoul, South Korea.
Stock analysis
Mirae Asset Life Insurance Co Ltd (085620) currently trades at 19,320 KRW, while our model-based Fair Value estimate is 14,935 KRW, implying the stock looks roughly 29.4% overvalued today.
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Valuation
Bull case: the Economic Profit group reads highest at a median of 13,559 KRW per share, and 0 of the 4 models we run sit above the 19,320 KRW price.
Bear case: the Asset-Based group reads lowest at 12,571 KRW, and 4 of the 4 models stay below the price. Evidence for this calculation is medium.
Scenario range: 11,201 KRW (bear) to 18,668 KRW (bull), the price of 19,320 KRW sits above 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 54/100 (solid quality), in the Financial Services sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Mirae Asset Life Insurance Co Ltd reported revenue of 4.3T KRW in FY2025 versus 2.8T KRW in FY2021, a compound +11.2%/yr. Reported net income was 131B KRW in FY2025, compounding +13.4%/yr from FY2021.
Key figures
Market cap 2.5T KRW (≈ $1.8B) · P/S ratio 0.31 · Net margin 3.0% · Return on equity 6.5% · Return on assets (EBIT) 0.8% · Operating margin 20.7% · Revenue (TTM) 6.7T KRW · Revenue growth (YoY) +145%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 39 out of 100 (low confidence).
What moves the price
The share trades about 44% below its 52-week high and 149% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −35% fair-value upside, at −23%, 085620 screens cheaper than that median.
Fair Value models
Bear 11,201 KRWFair Value 14,935 KRWBull 18,668 KRW
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model.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.Evidence ⓘEvidence = 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.75/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+19.4%
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.
+19.9%
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.
+9.7%
Start year 2020 (pandemic). Over 10 years: +1.2% a year
Revenue growth 11 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.
+1.9%
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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.
+10.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year+10.6%
Dividend (yield on the price)0.0%
Profit margin 2014 to 2018 ⓘ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.5% → 3%
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−1.0%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (South Korea: IMF forecast 2.1% a year to 2030, 2.1% from 2016 to 2025) that is about −3.0% a year for the price.
Compare Mirae Asset Life Insurance 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.Insurance - Life · 95 stocks
Beats the industry median on 5/9 measures
A mixed picture versus its industry peers.
Valuation
Quality Score51 · Below median
Fair Value upside−23% · Below median
Profitability
Return on equity (TTM)7% · Below median
Return on assets2% · Above median
Net margin (TTM)2% · Bottom 25%
Operating margin (TTM)21% · Above median
Growth and dividend
Revenue growth145% · Top 25%
Balance sheet
Debt / equity0.25× · Below median
Valuation Multiplesvs Insurance - Life median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Mirae Asset Life Insurance Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/085620
Frequently asked questions
Is Mirae Asset Life Insurance Co Ltd (085620) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 14,935 KRW versus a price of 19,320 KRW, about −23% upside (overvalued).
What is the fair value of 085620?
Our model-based fair value for Mirae Asset Life Insurance Co Ltd is 14,935 KRW (as of Sep 24, 2026), built from audited fundamentals. The current price: 19,320 KRW.
What is the quality score of 085620?
Mirae Asset Life Insurance Co Ltd has a Quality Score of 54/100. 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 Mirae Asset Life Insurance Co Ltd (085620)?
Our model-based price target is the fair value of 14,935 KRW (as of Sep 24, 2026) from 4 valuation models. Cautious scenario 11,201 KRW, optimistic scenario 18,668 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Mirae Asset Life Insurance Co Ltd stock forecast for 2026?
Our models put fair value at 14,935 KRW, about −23% upside versus a price of 19,320 KRW (overvalued). Cautious scenario 11,201 KRW, optimistic scenario 18,668 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Mirae Asset Life Insurance Co Ltd (085620)?
Mirae Asset Life Insurance Co Ltd reported trailing-twelve-month revenue of about 6.7T KRW (latest available figure, as of Sep 24, 2026).
What growth is priced into Mirae Asset Life Insurance Co Ltd (085620)?
For today's price to be fair in a discounted-cash-flow model, Mirae Asset Life Insurance Co Ltd would have to grow free cash flow by -1.0 % per year for five years (discount rate 10.2 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +9.7 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 085620 use?
Our models discount Mirae Asset Life Insurance Co Ltd at 10.2 %: a base by market capitalisation (small), damped by beta 0.01, country premium for South Korea. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Mirae Asset Life Insurance Co Ltd that is -1.0 % per year a year over ten years, using the same discount rate (10.2 %) and the same formula as our fair value.
How much growth has Mirae Asset Life Insurance Co Ltd (085620) delivered so far?
Over the past 5 years revenue at Mirae Asset Life Insurance Co Ltd grew +9.7 % a year. The price currently implies -1.0 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Mirae Asset Life Insurance Co Ltd (085620) growing?
The median revenue growth in the sector is +8.4 % a year. That is the yardstick for the growth priced into Mirae Asset Life Insurance Co Ltd (-1.0 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Mirae Asset Life Insurance Co Ltd (085620)?
The free-cash-flow yield on the price is 8.13 %: that much free cash flow Mirae Asset Life Insurance Co Ltd produces per unit of market value. When it exceeds the discount rate of our models (10.2 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Mirae Asset Life Insurance Co Ltd (085620)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Mirae Asset Life Insurance Co Ltd it is 14,935 KRW per share (as of Sep 24, 2026), against a price of 19,320 KRW. It is the blended result of 4 valuation models (cash flow, earnings, asset, dividend).
Is Mirae Asset Life Insurance Co Ltd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 085620 trades above its calculated fair value: price 19,320 KRW, fair value 14,935 KRW, a gap of about −23% (overvalued). 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 085620?
No. The price is what the market pays today (19,320 KRW); the fair value is what the company's own numbers justify (14,935 KRW). For Mirae Asset Life Insurance Co Ltd the two are 4,385 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Mirae Asset Life Insurance Co Ltd worth?
The market values Mirae Asset Life Insurance Co Ltd at about 2.5T KRW (market capitalisation, as of Sep 24, 2026). Per share that is 19,320 KRW; our models calculate a fair value of 14,935 KRW per share.
What do the bullish and bearish scenarios say about 085620?
Our models span a range for Mirae Asset Life Insurance Co Ltd: cautious scenario 11,201 KRW, base 14,935 KRW, optimistic 18,668 KRW per share (as of Sep 24, 2026, price 19,320 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Mirae Asset Life Insurance Co Ltd (085620)?
Balance-sheet figures for Mirae Asset Life Insurance Co Ltd (as of Sep 24, 2026): return on equity 6.5%, debt of 0.25 per unit of equity. They feed the Quality Score of 54/100, which measures business quality independently of the share price.
How far is 085620 from its 52-week high?
Mirae Asset Life Insurance Co Ltd trades at 19,320 KRW, about 44% below its 52-week high of 34,550 KRW and 149% above the low of 7,750 KRW (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 14,935 KRW is for.
Which stocks are comparable to Mirae Asset Life Insurance Co Ltd?
From the same area (Financial Services) we also value China Life Insurance Company, Ping An Insurance (Group) Company, AIA Group, Manulife Financial Corporation, 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 Mirae Asset Life Insurance Co Ltd stock attractive at the current price?
The data as of Sep 24, 2026: price 19,320 KRW, calculated fair value 14,935 KRW (−23%), Quality Score 54/100, from 4 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 085620 calculated?
We run Mirae Asset Life Insurance Co Ltd through 4 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 14,935 KRW, 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 14.1 % above its aggregate fair value. Mirae Asset Life Insurance Co Ltd itself currently trades above fair value. 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 Mirae Asset Life Insurance Co Ltd (085620)?
The closing price on Sep 23, 2026 was 19,320 KRW. Our model-based fair value is 14,935 KRW, about −23% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Mirae Asset Life Insurance Co Ltd right now?
The price sits above even our optimistic bull case (18,668 KRW). The favourable scenario is already priced in. Solid but not exceptional quality (54/100) 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.
Key figures of Mirae Asset Life Insurance Co Ltd
How large is the market capitalisation of Mirae Asset Life Insurance Co Ltd (085620)?
The market capitalisation of Mirae Asset Life Insurance Co Ltd is 2.5T KRW (≈ $1.8B). 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 Mirae Asset Life Insurance Co Ltd (085620)?
The price-to-sales ratio of Mirae Asset Life Insurance Co Ltd is 0.31 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the net margin of Mirae Asset Life Insurance Co Ltd (085620)?
The net margin of Mirae Asset Life Insurance Co Ltd is 3.0% (fiscal year 2025). 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 Mirae Asset Life Insurance Co Ltd (085620)?
The return on equity (ROE) of Mirae Asset Life Insurance Co Ltd is 6.5% (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 Mirae Asset Life Insurance Co Ltd (085620)?
On an EBIT basis the return on assets of Mirae Asset Life Insurance Co Ltd is 0.8% (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 Mirae Asset Life Insurance Co Ltd (085620)?
The operating margin of Mirae Asset Life Insurance Co Ltd is 20.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Mirae Asset Life Insurance Co Ltd (085620)?
Revenue at Mirae Asset Life Insurance Co Ltd is growing +145% versus a year earlier (3y avg +19.9%). 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 Mirae Asset Life Insurance Co Ltd (085620)?
Earnings per share at Mirae Asset Life Insurance Co Ltd are growing +115% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Mirae Asset Life Insurance Co Ltd (085620) carry?
The net debt of Mirae Asset Life Insurance Co Ltd is 470B KRW (fiscal year 2022, ≈ 2.3 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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