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iM Financial Group (139130) Fair Value & Analysis

Financial Services · KR · Market cap 2.8T KRW

IF iM Financial Group 139130 · KO
Price17,870 KRW
Fair Value35,880 KRW
Upside+100.8%
Quality46/100
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Expensive Growth
Solidly profitable · 14.3% net margin
High debt · negative free cash flow
3.90% dividend yield
Mixed vs. peers (4/9)
Moderate moat 54/100
Evidence: High Range 26,910 KRW – 44,850 KRW Share as image

Fair value as of: Jul 24, 2026

From 6 valuation models · updated 17 days ago

Fair value updated Jul 24, 2026, revised from 31,800 KRW to 35,880 KRW (+12.8%) since Jun 26, 2026. Share price −1.2% over the past month.

Below-average quality, screening 101% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (26,910 KRW). The market is more pessimistic than our downside scenario.
  • Solid quality (46/100) 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.
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Price vs Fair Value (5 years)

20,905 KRW 5,300 KRW Fair Value 35,880 KRW Mar 2021 Aug 2026

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

60‑month range 5,300 KRW – 20,905 KRW · fair‑value band 26,910 KRW – 44,850 KRW · the 17,870 KRW price screens below the 35,880 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.

Full chart & analysis →

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Analysis

iM Financial Group (139130) currently trades at 17,870 KRW, while our model-based Fair Value estimate is 35,880 KRW, implying the stock looks roughly 100.8% undervalued today. The Quality Score stands at 46/100 (below-average 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, iM Financial Group generated revenue of 3.1T KRW at a net margin of 14.3%. Revenue grew 28.2% year over year. It earns a return on equity of 7.3%. Net debt stands at 13.6T KRW. Fundamentals as of Jul 24, 2026

Our scenario range runs from 26,910 KRW (bear case) to 44,850 KRW (bull case); at 17,870 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 16% below its 52-week high and 62% above its 52-week low, currently above its 200-day average. For context, the median of 10 Financial Services peers we cover trades at 42% fair-value upside, at 101%, 139130 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.

Model BearBaseBull Evidence
Highest evidence
Residual Income 32,450 KRW 34,435 KRW 37,876 KRW 76
Gordon GGM 7,449 KRW 15,147 KRW 27,361 KRW 70
P/E Multiple 27,330 KRW 36,440 KRW 45,550 KRW 63
All 6 models by family
Dividend Discount
Gordon GGM 7,449 KRW 15,147 KRW 27,361 KRW 70
DDM Multi-Stage 7,449 KRW 11,590 KRW 16,269 KRW 61
Multiples
P/E Multiple 27,330 KRW 36,440 KRW 45,550 KRW 63
P/B Multiple 35,739 KRW 47,652 KRW 59,565 KRW 55
Asset-Based
NCAV (Graham) 19,639 KRW 26,316 KRW 39,278 KRW 50
Economic Profit
Residual Income 32,450 KRW 34,435 KRW 37,876 KRW 76

Widest divergence: Multiples (36,440 KRW) versus Dividend Discount (11,590 KRW). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) 3.1T KRW
Revenue growth (YoY) +28.2%
Net margin 14.3%
Return on equity 7.3%
Free cash flow −1.5T KRW FY2025
Operating margin 46.1%
More key figures
Dividend yield 3.9%
EPS growth (YoY) +3.0%
Net debt 13.6T KRW FY2025

Figures from reported company fundamentals · as of Jul 24, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 46/100

Of which business quality 39 · Market factors (momentum, volatility) 61

Profitability 29
Margins and returns on capital today
Quality Growth 54
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 16
Balance sheet, leverage, solvency risk
Investment 85
Disciplined investing over empire-building
Low Volatility 72
Calm price path (market factor)
Momentum 55
Price trend over the last 3–12 months (market factor)
52W Momentum 59
Distance to the 52-week high (market factor)
Net Issuance 100
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

iM Financial Group Co., Ltd., through its subsidiaries, engages in the provision of various banking products and services in South Korea. The company offers deposit products; loans; financial products, including fund and bancassurance; and foreign exchange, asset management, and internet banking services.

Full company description

iM Financial Group Co., Ltd., through its subsidiaries, engages in the provision of various banking products and services in South Korea. The company offers deposit products; loans; financial products, including fund and bancassurance; and foreign exchange, asset management, and internet banking services. It also provides investment trading and brokerage, discretionary investment, investment advisory, and trust services; and insurance contract loans, etc., as well as sells insurance products, including coverage, endowment, pension, and variable. In addition, the company is involved in the collective investment services; issuing and managing prepaid electronic payment and payment gateway solutions; and facility and automobile rental, installment and automobile finance, corporate and personal loan, and technology business finance services. Further, it engages in the development, operation, maintenance, and integration of information systems; sale, rental, and maintenance of information equipment and software; IT consulting; IT related education; e-commerce; and internet related businesses. Additionally, the company provides claim collection, credit investigation, lease inspection, and civil affairs agency services; venture investment and support; and fintech, digital asset management, software development, and education solutions; and merger and acquisition, and investment services. The company was formerly known as DGB Financial Group Co., Ltd. and changed its name to iM Financial Group Co., Ltd. in March 2025. iM Financial Group Co., Ltd. was founded in 1967 and is based in Daegu, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

iM Financial Group reported revenue of 2.3T KRW in FY2025 versus 2.3T KRW in FY2021, a compound +0.3%/yr. Reported net income was 444B KRW in FY2025, compounding −3.1%/yr from FY2021.

Growth Quality 31/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
2.3T KRW
Latest YoY
−1.1%
Avg. growth/yr (3Y)
+0.7%
Avg. growth/yr (5Y)
+3.2%
Avg. growth/yr (25Y)
+3.2%
Revenue +0.3%/yr
FY21 2.3T KRW
FY22 2.2T KRW
FY23 2.4T KRW
FY24 2.3T KRW
FY25 2.3T KRW
Net income −3.1%/yr
FY21 503B KRW
FY22 402B KRW
FY23 388B KRW
FY24 215B KRW
FY25 444B KRW

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Cite: Fair Value Calculator (2026). "iM Financial Group Fair Value". https://www.fairvalue-calculator.com/stock/139130

Peer Group

Banks - Regional · 1083 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 48 · Below median
Fair Value upside +101% · Top 25%
Return on equity (TTM) 7% · Below median
Return on assets 0% · Bottom 25%
Net margin (TTM) 14% · Bottom 25%
Operating margin (TTM) 46% · Above median
Revenue growth 28% · Top 25%
Dividend yield (TTM) 3.9% · Above median
Debt / equity 2.25× · 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 100 · sector 39
FUTURE 100 · sector 44
PAST 29 · sector 41
HEALTH 0 · sector 85
DIVIDEND 78 · sector 49

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 Banks - Regional stocks, each showing price versus our Fair Value estimate (as of Jul 24, 2026).

Stock Price Fair Value vs Fair Value
PT Bank Central Asia Tbk BBCA 6,175 IDR 6,087 IDR -1%
KB Financial Group 105560 184,400 KRW 213,797 KRW +16%
PT Bank Rakyat Indonesia (Persero) Tbk BBRI 2,970 IDR 4,891 IDR +65%
PT Bank Mandiri (Persero) Tbk BMRI 4,310 IDR 7,841 IDR +82%
Banco Bradesco S.A BBD 5,120 ARS 10,240 ARS +100%
Shinhan Financial Group 055550 107,900 KRW 137,259 KRW +27%
Hana Financial Group 086790 136,800 KRW 193,969 KRW +42%
Lloyds Banking Group LYG 4,138 ARS 8,275 ARS +100%
Banco de Chile, CHILE 193.10 CLP 152.55 CLP -21%
Joint Stock Commercial Bank for Foreign Trade of Vietnam, VCB 59,400 VND 84,201 VND +42%

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Frequently asked questions

Is iM Financial Group (139130) overvalued or undervalued?
As of Jul 24, 2026, our model estimates a fair value of 35,880 KRW versus a price of 17,870 KRW, about +101% (undervalued).
What is the fair value of 139130?
Our model-based fair value for iM Financial Group is 35,880 KRW (as of Jul 24, 2026), built from audited fundamentals. The current price is 17,870 KRW.
What is the quality score of 139130?
iM Financial Group has a Quality Score of 46/100. 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 iM Financial Group (139130)?
iM Financial Group reported trailing-twelve-month revenue of about 3.1T KRW (latest available figure, as of Jul 24, 2026).
What is the net profit margin of 139130?
The net profit margin of iM Financial Group is about 14.3%, meaning it keeps roughly 14.3% of revenue as net income. Based on the latest reported figures.
Does iM Financial Group pay a dividend?
iM Financial Group currently shows a dividend yield of about 3.95% relative to its recent price (as of Jul 24, 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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