Korea Asset Investment Securities Co. Ltd (190650) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Korea Asset Investment Securities Co. Ltd stock KRW 11,920, price KRW 5,800, upside +105.5%, quality 53 out of 100. Rating: strongly undervalued. Calculated from audited financials with 8 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 3, 2026.
How to read this chart
60‑month range 4,133 KRW – 14,127 KRW · fair‑value band 8,940 KRW – 14,900 KRW · the 5,800 KRW price screens below the 11,920 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 3, 2026.
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Korea Asset Investment Securities Co., Ltd. provides corporate finance for small and medium sized enterprises, OTC stock trading, alternative investment, and crowd funding.
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The company offers investment banking services, including corporate finance, structured finance, real estate finance, and green energy finance; institutional sales finance for institutional client business, bonds, and financial services; and retail finance, such as personal financing services.
It also provides wholesale and brokerage services. The company was founded in 2000 and is headquartered in Seoul, South Korea.
Stock analysis
Korea Asset Investment Securities Co. Ltd (190650) currently trades at 5,800 KRW, while our model-based Fair Value estimate is 11,920 KRW, implying the stock looks roughly 51% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 45,008 KRW per share, and 7 of the 8 models we run sit above the 5,800 KRW price.
Bear case: the Dividend Discount group reads lowest at 5,632 KRW, and 1 of the 8 models stay below the price. Data coverage for this calculation is medium.
Scenario range: 8,940 KRW (bear) to 14,900 KRW (bull), the price of 5,800 KRW sits below 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 53/100 (solid quality), in the Financial Services sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Korea Asset Investment Securities Co. Ltd reported revenue of 57.4B KRW in FY2025 versus 217B KRW in FY2021, a compound −28.3%/yr. Reported net income was 5.9B KRW in FY2025, compounding −23.0%/yr from FY2021.
Key figures
Market cap 37.1B KRW (≈ $27.4M) Micro · P/E ratio 4.1 · P/S ratio 0.15 · EPS (TTM) 1,416 KRW · Dividend yield 9.5% · Net margin 3.6% · Return on equity 9.3% · Return on assets (EBIT) 3.6% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 54 out of 100 (low confidence).
What moves the price
The share trades about 45% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −11% fair-value upside, at 106%, 190650 screens cheaper than that median.
Fair Value models
Bear8,940 KRWFair Value 11,920 KRWBull14,900 KRW
Price 5,800 KRW · Upside +105.5%
Capped: our models arrive at a very high value here. We deliberately show a more cautious Fair Value.
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. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (742.22 KRW per share) are deliberately not added.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.14/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−78.6%
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.
−36.4%
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.
−18.5%
Start year 2020 (pandemic)
Revenue growth 8 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.
−8.2%
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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.
−3.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year−12.8%
Dividend (yield on the price)9.5%
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.4% → 4%
Compare Korea Asset 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.Capital Markets · 384 stocks
Beats the industry median on 6/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score53 · Below median
Fair Value upside+105.5% · Top 25%
Profitability
Return on equity (12 months)9.3% · Below median
Return on assets1.6% · Below median
Net margin (12 months)3.6% · Bottom 25%
Operating margin (12 months)59.6% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)5.0% · Below median
Dividend yield (12 months)9.5% · Top 25%
Balance sheet
Debt / equity0.15× · Above median
Valuation Multiplesvs Capital Markets median · lower = cheaper
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Is Korea Asset Investment Securities Co. Ltd (190650) overvalued or undervalued?
As of Nov 3, 2026, our model estimates a fair value of 11,920 KRW versus a price of 5,800 KRW, about +106% upside (undervalued).
What is the fair value of 190650?
Our model-based fair value for Korea Asset Investment Securities Co. Ltd is 11,920 KRW (as of Nov 3, 2026), built from audited fundamentals. The current price: 5,800 KRW.
What is the quality score of 190650?
Korea Asset Investment Securities Co. Ltd has a Quality Score of 53/100. 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 Korea Asset Investment Securities Co. Ltd (190650)?
Our model-based price target is the fair value of 11,920 KRW (as of Nov 3, 2026) from 8 valuation models. Cautious scenario 8,940 KRW, optimistic scenario 14,900 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Korea Asset Investment Securities Co. Ltd stock forecast for 2026?
Our models put fair value at 11,920 KRW, about +106% upside versus a price of 5,800 KRW (undervalued). Cautious scenario 8,940 KRW, optimistic scenario 14,900 KRW. The calculation is refreshed regularly with new filings.
Does Korea Asset Investment Securities Co. Ltd pay a dividend?
Korea Asset Investment Securities Co. Ltd currently shows a dividend yield of 9.48% relative to its recent price (as of Nov 3, 2026).
How much is the dividend of Korea Asset Investment Securities Co. Ltd (190650) and when is the ex-dividend date?
Korea Asset Investment Securities Co. Ltd pays a dividend of 550.00 KRW per share a year, a dividend yield of 9.5%. The last ex-dividend date was Jul 2, 2026. A dividend has been paid every year since at least 2020. The payout ratio is 38.9% of earnings. Our assessment: Watch coverage. The dividend isn’t fully covered by free cash flow or earnings, part of it is funded from reserves or debt. Fine for now, but worth watching: if it stays uncovered, the dividend could be cut.
What is the intrinsic value of Korea Asset Investment Securities Co. Ltd (190650)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Korea Asset Investment Securities Co. Ltd it is 11,920 KRW per share (as of Nov 3, 2026), against a price of 5,800 KRW. It is the blended result of 8 valuation models in 6 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit).
Is Korea Asset Investment Securities Co. Ltd stock overvalued or undervalued in 2026?
As of Nov 3, 2026, 190650 trades below its calculated fair value: price 5,800 KRW, fair value 11,920 KRW, a gap of about +106% (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 190650?
No. The price is what the market pays today (5,800 KRW); the fair value is what the company's own numbers justify (11,920 KRW). For Korea Asset Investment Securities Co. Ltd the two are 6,120 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Korea Asset Investment Securities Co. Ltd worth?
The market values Korea Asset Investment Securities Co. Ltd at about 37.1B KRW (market capitalisation, as of Nov 3, 2026). Per share that is 5,800 KRW; our models calculate a fair value of 11,920 KRW per share.
What do the bullish and bearish scenarios say about 190650?
Our models span a range for Korea Asset Investment Securities Co. Ltd: cautious scenario 8,940 KRW, base 11,920 KRW, optimistic 14,900 KRW per share (as of Nov 3, 2026, price 5,800 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 190650?
Korea Asset Investment Securities Co. Ltd trades at a price-to-earnings ratio of 4.1 (as of Nov 3, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 11,920 KRW is built from several models across several years. Median P/E at fiscal year-end, 6 fiscal years (2019 to 2025), reported earnings: 5.5. Other multiples: P/B 0.4, P/S 0.1.
How solid is the balance sheet of Korea Asset Investment Securities Co. Ltd (190650)?
Balance-sheet figures for Korea Asset Investment Securities Co. Ltd (as of Nov 3, 2026): return on equity 9.3%, debt of 0.15 per unit of equity. They feed the Quality Score of 53/100, which measures business quality independently of the share price.
How far is 190650 from its 52-week high?
Korea Asset Investment Securities Co. Ltd trades at 5,800 KRW, about 45% below its 52-week high of 10,528 KRW and at the low of 5,800 KRW (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 11,920 KRW is for.
Which stocks are comparable to Korea Asset Investment Securities Co. Ltd?
From the same area (Financial Services) we also value Morgan Stanley, The Goldman Sachs Group, The Charles Schwab Corporation, Interactive Brokers Group, 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 Korea Asset Investment Securities Co. Ltd stock attractive at the current price?
The data as of Nov 3, 2026: price 5,800 KRW, calculated fair value 11,920 KRW (+106%), Quality Score 53/100, from 8 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 190650 calculated?
We run Korea Asset Investment Securities Co. Ltd through 8 models from 6 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit. Every model gets the same audited fundamentals; the fair value of 11,920 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 13.3% above its aggregate fair value. Korea Asset Investment Securities Co. Ltd currently trades 51% 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 Korea Asset Investment Securities Co. Ltd (190650)?
The closing price on Nov 6, 2026 was 5,800 KRW. Our model-based fair value is 11,920 KRW, about +106% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Korea Asset Investment Securities Co. Ltd right now?
The price is below even our cautious bear case (8,940 KRW). The market is more pessimistic than our downside scenario. Solid quality (53/100) 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.
Key figures of Korea Asset Investment Securities Co. Ltd
How large is the market capitalisation of Korea Asset Investment Securities Co. Ltd (190650)?
The market capitalisation of Korea Asset Investment Securities Co. Ltd is 37.1B KRW (≈ $27.4M). 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 Korea Asset Investment Securities Co. Ltd (190650)?
The price-to-sales ratio of Korea Asset Investment Securities Co. Ltd is 0.15 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Korea Asset Investment Securities Co. Ltd (190650)?
Earnings per share at Korea Asset Investment Securities Co. Ltd are 1,416 KRW (price ÷ EPS = P/E 4.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Korea Asset Investment Securities Co. Ltd (190650)?
The dividend yield of Korea Asset Investment Securities Co. Ltd is 9.5% (payout 38.9%). 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 Korea Asset Investment Securities Co. Ltd (190650)?
The net margin of Korea Asset Investment Securities Co. Ltd is 3.6% (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 Korea Asset Investment Securities Co. Ltd (190650)?
The return on equity (ROE) of Korea Asset Investment Securities Co. Ltd is 9.3% (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 Korea Asset Investment Securities Co. Ltd (190650)?
On an EBIT basis the return on assets of Korea Asset Investment Securities Co. Ltd is 3.6% (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 Korea Asset Investment Securities Co. Ltd (190650)?
The operating margin of Korea Asset Investment Securities Co. Ltd is 59.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Korea Asset Investment Securities Co. Ltd (190650)?
Revenue at Korea Asset Investment Securities Co. Ltd is growing +5.0% versus a year earlier (3y avg −36.4%). 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 Korea Asset Investment Securities Co. Ltd (190650)?
Earnings per share at Korea Asset Investment Securities Co. Ltd are growing +764% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Korea Asset Investment Securities Co. Ltd (190650) generate?
The free cash flow of Korea Asset Investment Securities Co. Ltd is −23.8B KRW (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
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Nov 3, 2026