SEOUL GUARANTEE INSURANCE (031210) Fair Value & Analysis
Financial Services · KR · Market cap 3.0T KRW (≈ $2.1B)
What is SEOUL GUARANTEE INSURANCE really worth?
A solid business, trading 23% below our fair value of 56,679 KRW.
Strengths
Risks
For context
Fair value as of: Sep 5, 2026
From 4 valuation models · updated today
Share price +1.6% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- Solid quality (62/100) 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 (18 months)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 5, 2026.
How to read this chart
18‑month range 27,413 KRW – 58,604 KRW · fair‑value band 42,509 KRW – 70,849 KRW · the 43,650 KRW price screens below the 56,679 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 5, 2026.
Analysis
SEOUL GUARANTEE INSURANCE (031210) currently trades at 43,650 KRW, while our model-based Fair Value estimate is 56,679 KRW, implying the stock looks roughly 23.0% undervalued today. The Quality Score stands at 62/100 (solid quality), in the Financial Services sector. Bull case: the Economic Profit group reads highest at a median of 59,388 KRW per share, and 4 of the 4 models we run sit above the 43,650 KRW price. Bear case: the Asset-Based group reads lowest at 49,802 KRW, and 0 of the 4 models stay below the price. Evidence for this calculation is medium.
Over the trailing twelve months, SEOUL GUARANTEE INSURANCE generated revenue of 2.5T KRW at a net margin of 12.1%. Revenue grew 22.4% year over year. It earns a return on equity of 6.1%. Fundamentals as of Sep 5, 2026
Our scenario range runs from 42,509 KRW (bear case) to 70,849 KRW (bull case); at 43,650 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 29% below its 52-week high and 18% 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 30%, 031210 screens cheaper than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.
All 4 models by family
Widest divergence: Economic Profit (59,388 KRW) versus Asset-Based (49,802 KRW). Highest evidence: Residual Income (73).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Sep 5, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 60 · Market factors (momentum, volatility) 42
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.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
Seoul Guarantee Insurance Co., Ltd., together with its subsidiaries, engages in non-life insurance and other related operations to individuals and corporates in South Korea and internationally.
Full company description
Seoul Guarantee Insurance Co., Ltd., together with its subsidiaries, engages in non-life insurance and other related operations to individuals and corporates in South Korea and internationally. The company offers surety insurance, credit insurance, reinsurance and related asset management, etc.; contract, non-contract, and financial guarantee bonds; and commercial credit insurance, such as mobile phone contracts and credit sales. It also engages in collection of receivables; and insurance management and brokerage. The company was formerly known as Korea Fidelity & Surety Co., Ltd. and changed its name to Seoul Guarantee Insurance Co., Ltd. in November 1998. Seoul Guarantee Insurance Co., Ltd. was incorporated in 1969 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
SEOUL GUARANTEE INSURANCE reported revenue of 2.3T KRW in FY2025 versus 1.9T KRW in FY2021, a compound +4.8%/yr. Reported net income was 268B KRW in FY2025, compounding −12.4%/yr from FY2021.
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Peer Group
Insurance - Diversified · 83 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.
Valuation Multiples vs Insurance - Diversified median · lower = cheaper
Strength profile in five axes (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.
Similar stocks
10 more Insurance - Diversified stocks, each showing price versus our Fair Value estimate (as of Sep 5, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Berkshire Hathaway Inc BRKB80 | 1.67 THB | 1.48 THB | −11% |
| Allianz SE ALV | €453.00 | €266.04 | −41% |
| Zurich Insurance Group ZURN | CHF 596.00 | CHF 335.07 | −44% |
| AXA SA CS | €43.61 | €39.90 | −9% |
| Assicurazioni Generali S.p.A G | €44.11 | €10.92 | −75% |
| Sun Life Financial Inc SLF | C$108.85 | C$57.05 | −48% |
| American International Group AIG | $76.14 | $80.91 | +6% |
| The Hartford Insurance Group HIG | $137.38 | $133.10 | −3% |
| Arch Capital Group ACGL | $98.76 | $124.45 | +26% |
| Swiss Life Holding SLHN | CHF 919.00 | CHF 425.23 | −54% |
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