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STOCK COMPARISON

Mirae Asset Daewoo Securities Co vs Meritz Financi: Fair Value & Quality

Both stocks run through our valuation models. Here is how Mirae Asset Daewoo Securities Co (006800) and Meritz Financi (138040) compare, as of Aug 14, 2026.

As of Aug 14, 2026, Fair Value Calculator sees Meritz Financi as the less overvalued of the two: Mirae Asset Daewoo Securities Co trades at KRW 37,650 versus a fair value of KRW 15,308 (-59%), while Meritz Financi trades at KRW 116,700 versus KRW 52,717 (-55%).
Mirae Asset Daewoo Securities Co
006800.KO · KRW · Financials
-59%
upside to fair value
overvalued
PriceKRW 37,650
Fair ValueKRW 15,308
Quality47/100
Meritz Financi
138040.KO · KRW · Financials
-55%
upside to fair value
overvalued
PriceKRW 116,700
Fair ValueKRW 52,717
Quality38/100

Head-to-head numbers

Green value = the better side for that row (for valuation multiples: lower = cheaper).

Mirae Asset Daewoo Securities CoMeritz Financi
Valuation
0.7%Dividend yield
KRW 300Dividend per share
Profitability
8%Net margin12%
36%Operating margin51%
17%Return on equity21%
2%Return on assets2%
Growth
185%Revenue growth (YoY)51%
-1.4%Avg. growth/yr (3Y)-3.0%
8.5%Avg. growth/yr (5Y)4.0%
Balance & size
0.91×Debt / equity3.21×
$17BMarket cap$13B
mixedGrowth qualitymixed

Even match: 4 to 4 metric wins.

Dash = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

Mirae Asset Daewoo Securities Coof which business quality 44 · market factors 40 Meritz Financiof which business quality 33 · market factors 45
ProfitabilityMargins and returns on capital today
37
45
Quality GrowthAre margins and returns improving?
52
54
CashflowEarnings quality: real cash, not paper profit
33
0
Fin. StrengthBalance sheet, leverage, solvency risk
40
23
InvestmentDisciplined investing over empire-building
64
44
Low VolatilityCalm price path (market factor)
16
58
MomentumPrice trend over the last 3–12 months (market factor)
43
42
52W MomentumDistance to the 52-week high (market factor)
65
35
Net IssuanceBuybacks instead of dilution
49
50

What the models say

The median fair value (base case) per model family, each in the currency of its trading venue. Green = above the current price, red = below.

Mirae Asset Daewoo Securities Co

MultiplesKRW 19,213
Asset-BasedKRW 15,144

2 of 2 models see the stock below the current price.

Meritz Financi

MultiplesKRW 53,250
Asset-BasedKRW 41,974

2 of 2 models see the stock below the current price.

Scenario ranges

From our cautious bear case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.

Mirae Asset Daewoo Securities Co
Bear KRW 11,481Fair Value KRW 15,308Bull KRW 19,135
KRW 37,650 = current price (white tick)
Meritz Financi
Bear KRW 39,538Fair Value KRW 52,717Bull KRW 65,896
KRW 116,700 = current price (white tick)

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

Mirae Asset Daewoo Securities Co · Financials

Quality score47 · below median
Fair value upside-59% · bottom 25%

Meritz Financi · Financials

Quality score38 · bottom 25%
Fair value upside-55% · bottom 25%

Bottom line

As of Aug 14, 2026, Fair Value Calculator sees Meritz Financi as the less overvalued of the two: Mirae Asset Daewoo Securities Co trades at KRW 37,650 versus a fair value of KRW 15,308 (-59%), while Meritz Financi trades at KRW 116,700 versus KRW 52,717 (-55%).

Mirae Asset Daewoo Securities Co has the higher quality score (47/100).

See the full analysis →

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A model-based valuation snapshot from 21 models. Values change with price and fundamentals; the date shown above applies.