Yuanta Securities Korea Co., Ltd.

₩3,795As of Sun 8 Nov 2026, 12:00 UTC

KRX:003470Financials

Country South Korea

PE (Fwd) •••

TSR 10Y CAGR 5.25%

Div yield 5.80%

ROE 10.67%

Capital Markets

Beta (5Y) 1.08

PE TTM 4.338

TSR TTM 2.71%

Mkt cap ₩779.2B

ROIC 8.89%

SE Grade™

—

Value

Quality

Moat

Consensus

Reference

₩4,416

16.36%

(48.78%)

Sell 8|2|5|7|8

TTM

FYE 31 Dec KRW

FY2016

FY2017

FY2018

FY2019

FY2020

FY2021

FY2022

FY2023

FY2024

FY2025

FY2026E

Trend

5Y

10Y

Peers

205.4

Revenue₩B

167.9

180.2

192.0

204.9

226.5

247.1

272.2

295.9

321.9

345.7

218.3

8.82%

8.11%

46

27.26

Revenue growth%

22.37

24.26

23.18

22.89

20.14

20.51

19.41

19.89

19.02

19.57

22.06

19.57

20.33

73

15.26

Gross margin%

26.44

26.27

24.88

25.70

23.42

24.72

24.34

21.80

23.99

26.45

19.90

24.34

24.80

11

24.43

Operating margin%

7.76

7.20

7.42

7.06

9.00

10.13

9.60

9.03

6.37

6.84

11.87

9.03

7.59

81

18.51

Net margin%

30.47

32.27

30.90

28.90

28.79

31.24

31.13

29.03

30.98

28.33

14.39

30.98

30.68

46

18.62

P/E ratio (avg)x

35.98

34.01

39.18

43.27

43.49

46.72

44.29

42.98

49.90

53.46

30.54

46.72

43.38

24

24.18

EV/EBITx

22.90

22.79

23.06

22.15

24.95

28.03

26.47

28.17

29.35

30.46

35.22

28.17

25.71

11

9.63

FCF yield (avg)%

13.91

10.93

12.82

9.83

11.12

12.88

10.94

12.35

10.99

9.29

24.03

10.99

11.05

43

25.22

FCF margin%

29.13

30.05

28.67

28.21

26.45

27.89

25.59

22.81

19.90

22.53

5.63

22.81

27.17

57

0.636

FCF / Net incomex

1.339

1.310

1.268

1.184

1.022

0.980

1.025

1.042

1.068

0.982

0.579

1.025

1.055

10

18.05

ROIC%

10.85

8.41

7.77

4.84

5.44

7.54

4.86

7.00

8.28

5.80

23.24

7.00

7.27

21

3.09

Return on equity%

16.02

16.27

13.89

16.22

17.34

17.82

19.09

18.30

19.27

21.22

13.83

19.09

17.58

82

17.88

Return on assets%

19.44

22.04

20.15

22.12

23.24

23.86

25.05

25.13

24.96

27.13

27.46

25.05

23.55

68

337.72

EPS₩

249.81

250.69

246.57

236.28

241.51

269.64

251.59

232.55

252.94

269.65

377.45

2.23%

1.70%

—

4.64

EPS growth%

7.25

8.19

8.89

6.68

8.60

11.41

10.89

13.04

13.04

15.77

6.26

13.04

9.89

65

247.62

Bookvalue per sh₩

123.95

119.11

123.55

133.17

119.55

122.99

110.09

107.83

107.76

118.08

230.11

(0.25%)

(0.21%)

—

82.61

FCF per share₩

376.51

343.97

391.78

398.37

384.13

358.17

362.92

374.45

414.35

470.33

388.70

4.13%

2.59%

—

392.15

Dividend per sh₩

613.79

650.54

723.85

725.31

823.72

802.69

848.55

793.66

768.51

828.80

395.99

0.12%

3.70%

—

22.58

Div yield (avg)%

2.05

0.40

2.17

4.24

7.16

7.26

5.39

5.38

4.76

6.31

3.70

5.39

5.07

12

13.57

Payout ratio%

31.67

32.39

34.40

36.79

35.06

33.73

35.52

34.93

34.81

33.23

14.23

34.81

34.60

26

207.7

Shares (diluted)M

328.8

334.5

379.4

447.2

500.8

581.0

650.3

693.4

812.1

954.1

204.0

13.76%

12.29%

72

15.61

Buyback yield%

31.89

33.19

35.23

32.61

31.79

33.83

33.46

35.22

37.54

36.95

28.80

35.22

33.64

22

0.628

D/E ratiox

0.544

0.583

0.632

0.657

0.747

0.751

0.881

0.868

0.929

1.037

1.772

0.881

0.749

26

143.7

Enterprise value₩B

55.24

63.18

73.03

85.91

97.66

102.1

111.8

131.3

136.7

153.4

207.5

9.46%

10.71%

14

266.4

LT debt₩B

191.2

184.1

195.4

209.8

199.2

215.4

228.9

208.9

219.6

218.3

227.5

1.85%

0.25%

8

Peers (US$574.5M)

Cap (US$)

PE

Shinyoung Securities…

661.4M

4.960x

Kyobo Securities Co.…

651.7M

4.525x

Hanwha Investment…

591.6M

10.18x

Bitgo Holdings, Inc.

571.3M

—

Capital

TTM

5Y

10Y

Leveragex

0.676

(0.331)

(0.286)

EBIT/Intx

0.088

0.689

0.713

Own earn%

(58.67)

105.62

120.96

Sh yield%

38.19

41.09

38.90

Owners

Insiders/Inst%

10.37

78.21

Short interest%

5.45

SBC / revenue%

1.99

Record

10Y

Profitable years

10/10

Revenue growth years

10/10

EPS growth years

10/10

Dividend streakyrs

9

Op margin range%

6–10

$1 testx

—

Incr. ROIC%

297

Yuanta Securities Korea Co., Ltd. provides various financial services in South Korea and internationally.

Growth vs revenue

Latest

Trend

10Y CAGR

Rel growth

Revenue

₩345.7B

8.11%

1.00×

Cost of revenue

₩187.0B

8.49%

1.04×

Operating expenses

₩63.04B

7.55%

0.95×