Korea Asset Investment Securities Co (190650) Fair Value & Analysis
Financial Services · KR · Market cap 42.6B KRW
Fair value as of: Jul 22, 2026
From 8 valuation models · updated 19 days ago
Fair value updated Jul 22, 2026, revised from 14,760 KRW to 13,340 KRW (−9.6%) since Jun 26, 2026.
Below-average quality, screening 96% undervalued on our models.
What matters now
- The price is below even our cautious bear case (10,005 KRW). The market is more pessimistic than our downside scenario.
- Solid quality (49/100) 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.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 22, 2026.
How to read this chart
60‑month range 4,133 KRW – 14,127 KRW · fair‑value band 10,005 KRW – 16,675 KRW · the 6,790 KRW price screens below the 13,340 KRW fair value. Dashed = 300-day average. As of Jul 22, 2026.
Analysis
Korea Asset Investment Securities Co (190650) currently trades at 6,790 KRW, while our model-based Fair Value estimate is 13,340 KRW, implying the stock looks roughly 96.5% undervalued today. The Quality Score stands at 49/100 (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, Korea Asset Investment Securities Co generated revenue of 239B KRW at a net margin of 2.2%. Revenue declined 22.4% year over year. It earns a return on equity of 5.6%. Fundamentals as of Jul 22, 2026
Our scenario range runs from 10,005 KRW (bear case) to 16,675 KRW (bull case); at 6,790 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 49% below its 52-week high and 4% above 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 96%, 190650 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.
All 8 models by family
Widest divergence: DCF Models (30,023 KRW) versus Dividend Discount (5,528 KRW). Highest evidence: Residual Income (76).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 22, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 45 · Market factors (momentum, volatility) 39
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
Korea Asset Investment Securities Co., Ltd. provides corporate finance for small and medium sized enterprises, OTC stock trading, alternative investment, and crowd funding.
Full company description
Korea Asset Investment Securities Co., Ltd. provides corporate finance for small and medium sized enterprises, OTC stock trading, alternative investment, and crowd funding. 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.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Korea Asset Investment Securities Co 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.
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Peer Group
Capital Markets · 423 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.
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.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Capital Markets stocks, each showing price versus our Fair Value estimate (as of Jul 22, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Huatai Securities Co HTSC | $0.2700 | $0.0400 | -85% |
| Mirae Asset Securities Co 006800 | 38,750 KRW | 31,645 KRW | -18% |
| Meritz Financial Group 138040 | 117,000 KRW | 87,706 KRW | -25% |
| Korea Investment Holdings 071050 | 239,000 KRW | 318,825 KRW | +33% |
| NH Investment & Securities Co 005940 | 31,000 KRW | 37,133 KRW | +20% |
| Samsung Securities Co 016360 | 107,700 KRW | 126,487 KRW | +17% |
| Motilal Oswal Financial Services Limited MOTILALOFS | ₹967.00 | ₹299.65 | -69% |
| Kiwoom Securities Co 039490 | 322,000 KRW | 358,091 KRW | +11% |
| SSI Securities Corporation SSI | 24,250 VND | 28,021 VND | +16% |
| Bolsas y Mercados Argentinos S.A BYMA | 313.75 ARS | 120.22 ARS | -62% |
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Frequently asked questions
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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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