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Aplus Asset Advisor Co (244920) Fair Value & Analysis

Financial Services · KR · Market cap 268B KRW

AA Aplus Asset Advisor Co 244920 · KO
Price12,920 KRW
Fair Value12,721 KRW
Upside-1.5%
Quality66/100
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Healthy Growth
Thin margins · 4.0% net margin
Low debt · generates free cash flow
2.64% dividend yield
Ranks above peers (7/10)
Narrow moat 44/100
Evidence: Medium Range 9,541 KRW – 15,901 KRW Share as image

Fair value as of: Jul 22, 2026

From 6 valuation models · updated 19 days ago

Share price +20.6% over the past month.

A solid business, 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)

14,780 KRW 3,321 KRW Fair Value 12,721 KRW Mar 2021 Aug 2026

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 3,321 KRW – 14,780 KRW · fair‑value band 9,541 KRW – 15,901 KRW · the 12,920 KRW price screens above the 12,721 KRW fair value. Dashed = 300-day average. As of Jul 22, 2026.

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Analysis

Aplus Asset Advisor Co (244920) currently trades at 12,920 KRW, while our model-based Fair Value estimate is 12,721 KRW, implying the stock looks roughly 1.5% fairly valued today. The Quality Score stands at 66/100 (solid quality), in the Financial Services 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: medium).

Over the trailing twelve months, Aplus Asset Advisor Co generated revenue of 711B KRW at a net margin of 4.0%. Revenue grew 17.9% year over year. It earns a return on equity of 12.2%. Net debt stands at 10.2B KRW. Fundamentals as of Jul 22, 2026

Our scenario range runs from 9,541 KRW (bear case) to 15,901 KRW (bull case); at 12,920 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 14% below its 52-week high and 138% above its 52-week low, currently above its 200-day average. For context, the median of 10 Financial Services peers we cover trades at -12% fair-value upside, at -2%, 244920 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 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
Highest evidence
Residual Income 7,243 KRW 9,487 KRW 29,892 KRW 76
Gordon GGM 20.41 KRW 44.56 KRW 74.98 KRW 70
P/E Multiple 9,541 KRW 12,721 KRW 15,901 KRW 63
All 6 models by family
Dividend Discount
Gordon GGM 20.41 KRW 44.56 KRW 74.98 KRW 70
DDM Multi-Stage 20.41 KRW 36.50 KRW 46.44 KRW 61
Multiples
P/E Multiple 9,541 KRW 12,721 KRW 15,901 KRW 63
P/B Multiple 7,881 KRW 10,508 KRW 13,135 KRW 55
Asset-Based
NCAV (Graham) 3,753 KRW 5,029 KRW 7,506 KRW 50
Economic Profit
Residual Income 7,243 KRW 9,487 KRW 29,892 KRW 76

Widest divergence: Multiples (10,508 KRW) versus Dividend Discount (36.50 KRW). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 711B KRW
Revenue growth (YoY) +17.9%
Net margin 4.0%
Return on equity 12.2%
Free cash flow 21.1B KRW FY2025
Operating margin 8.5%
More key figures
Dividend yield 2.6%
EPS growth (YoY) +115%
Net debt 10.2B KRW FY2025

Figures from reported company fundamentals · as of Jul 22, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 66/100

Of which business quality 62 · Market factors (momentum, volatility) 74

Profitability 63
Margins and returns on capital today
Quality Growth 82
Are margins and returns improving?
Cashflow 42
Earnings quality: real cash, not paper profit
Fin. Strength 54
Balance sheet, leverage, solvency risk
Investment 68
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 80
Price trend over the last 3–12 months (market factor)
52W Momentum 89
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

Aplus Asset Advisor Co. Ltd provides life and non-life insurance products. It also offers coverage analysis services; and comparative sales services of good insurance.

Full company description

Aplus Asset Advisor Co. Ltd provides life and non-life insurance products. It also offers coverage analysis services; and comparative sales services of good insurance. In addition, the company provides health care services, such as health consultations with medical and nursing professionals, overseas medical emergency assistance services, dementia prevention solutions, and psychological counseling care services. Further, it offers funeral-related products and services. Additionally, the company provides financial planning and asset consulting services. Aplus Asset Advisor Co. Ltd was founded in 2007 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

Aplus Asset Advisor Co reported revenue of 682B KRW in FY2025 versus 258B KRW in FY2021, a compound +27.5%/yr. Reported net income was 22.1B KRW in FY2025, compounding +16.3%/yr from FY2021.

Growth Quality 90/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
682B KRW
Latest YoY
+32.3%
Avg. growth/yr (3Y) 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.
+36.1%
Avg. growth/yr (5Y) 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.
+19.1%
Avg. growth/yr (7Y) 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.
+16.6%
Revenue +27.5%/yr
FY21 258B KRW
FY22 271B KRW
FY23 351B KRW
FY24 516B KRW
FY25 682B KRW
Net income +16.3%/yr
FY21 12.1B KRW
FY22 50.3B KRW
FY23 10.2B KRW
FY24 2.5B KRW
FY25 22.1B KRW

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Cite: Fair Value Calculator (2026). "Aplus Asset Advisor Co Fair Value". https://www.fairvalue-calculator.com/stock/244920

Peer Group

Insurance - Diversified · 84 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 64 · Top 25%
Fair Value upside −2% · Below median
Return on equity (TTM) 12% · Above median
Return on assets 5% · Top 25%
Net margin (TTM) 4% · Bottom 25%
Operating margin (TTM) 9% · Below median
Revenue growth 18% · Top 25%
Dividend yield (TTM) 2.6% · Above median
Debt / equity 0.01× · Lower than 75% of peers

Valuation Multiples vs Insurance - Diversified median · lower = cheaper

P/FCF 0.0× · Cheaper 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 31 · sector 45
FUTURE 90 · sector 31
PAST 49 · sector 49
HEALTH 100 · sector 89
DIVIDEND 53 · sector 45

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 Insurance - Diversified stocks, each showing price versus our Fair Value estimate (as of Jul 22, 2026).

Stock Price Fair Value vs Fair Value
Berkshire Hathaway Inc BRKB 8,562 MXN 10,844 MXN +27%
Allianz SE ALV €421.00 €369.31 -12%
Zurich Insurance Group ZURN CHF 624.40 CHF 619.80 -1%
AXA SA AXAN 888.28 MXN 1,249 MXN +41%
Assicurazioni Generali S.p.A G €42.90 €12.18 -72%
Sun Life Financial Inc SLF C$114.20 C$87.83 -23%
BB Seguridade Participações S.A BBSE3 R$40.71 R$60.39 +48%
Tryg A/S TRYG kr 154.00 kr 116.45 -24%
PT Sinar Mas Multiartha Tbk SMMA 20,625 IDR 4,176 IDR -80%
Caixa Seguridade Participações S.A CXSE3 R$21.77 R$18.60 -15%

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Frequently asked questions

Is Aplus Asset Advisor Co (244920) overvalued or undervalued?
As of Jul 22, 2026, our model estimates a fair value of 12,721 KRW versus a price of 12,920 KRW, about −2% (fairly valued).
What is the fair value of 244920?
Our model-based fair value for Aplus Asset Advisor Co is 12,721 KRW (as of Jul 22, 2026), built from audited fundamentals. The current price is 12,920 KRW.
What is the quality score of 244920?
Aplus Asset Advisor Co has a Quality Score of 66/100. 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 Aplus Asset Advisor Co (244920)?
Aplus Asset Advisor Co reported trailing-twelve-month revenue of about 711B KRW (latest available figure, as of Jul 22, 2026).
What is the net profit margin of 244920?
The net profit margin of Aplus Asset Advisor Co is about 4.0%, meaning it keeps roughly 4.0% of revenue as net income. Based on the latest reported figures.
Does Aplus Asset Advisor Co pay a dividend?
Aplus Asset Advisor Co currently shows a dividend yield of about 3.04% relative to its recent price (as of Jul 22, 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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