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Meritz Financial Group

KOSE:A138040
Snowflake Description

Good value with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
A138040
KOSE
₩1,327B
Market Cap
  1. Home
  2. KR
  3. Diversified Financials
Company description

Meritz Financial Group Inc., through its subsidiaries, provides various financial services in South Korea. The last earnings update was 30 days ago. More info.


Add to Portfolio Compare Print
  • Meritz Financial Group has significant price volatility in the past 3 months.
A138040 Share Price and Events
7 Day Returns
13.2%
KOSE:A138040
9.4%
KR Diversified Financial
1.9%
KR Market
1 Year Returns
-28.9%
KOSE:A138040
-18.8%
KR Diversified Financial
-21.8%
KR Market
A138040 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Meritz Financial Group (A138040) 13.2% -5.7% -13.6% -28.9% -19.9% -25.4%
KR Diversified Financial 9.4% -11.7% -11.2% -18.8% -25.1% -33.6%
KR Market 1.9% -14.7% -19.6% -21.8% -19.8% -22%
1 Year Return vs Industry and Market
  • A138040 underperformed the Diversified Financial industry which returned -18.8% over the past year.
  • A138040 underperformed the Market in Korea (Republic of) which returned -21.8% over the past year.
Price Volatility
A138040
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Meritz Financial Group undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Meritz Financial Group to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Meritz Financial Group.

KOSE:A138040 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= ₩15,118.36 * 14.4%
₩2,175.23
Book Value of Equity per Share Median Book Value from the past 5 years. ₩15,118.36
Discount Rate (Cost of Equity) See below 15.6%
Perpetual Growth Rate 10-Year KR Government Bond Rate 3.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for KOSE:A138040
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year KR Govt Bond Rate 3.4%
Equity Risk Premium S&P Global 6.1%
Diversified Financial Unlevered Beta Simply Wall St/ S&P Global 0.71
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.711 (1 + (1- 30%) (3254.8%))
11.663
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 3.43% + (2 * 6.07%)
15.57%

Discounted Cash Flow Calculation for KOSE:A138040 using Excess Returns Model Model

The calculations below outline how an intrinsic value for Meritz Financial Group is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

KOSE:A138040 Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (14.4% – 15.57%) * ₩15,118.36)
₩-178.70
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= ₩-178.70 / (15.57% - 3.43%)
₩-1,471.99
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= ₩15,118.36 + ₩-1,471.99
₩13646.38
KOSE:A138040 Discount to Share Price
Calculation Result
Value per share (KRW) From above. ₩13,646.38
Current discount Discount to share price of ₩9,850.00
= -1 x (₩9,850.00 - ₩13,646.38) / ₩13,646.38
27.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Meritz Financial Group is available for.
Intrinsic value
28%
Share price is ₩9850 vs Future cash flow value of ₩13646.38
Current Discount Checks
For Meritz Financial Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Meritz Financial Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Meritz Financial Group's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Meritz Financial Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Meritz Financial Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
KOSE:A138040 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in KRW ₩2,797.00
KOSE:A138040 Share Price ** KOSE (2020-04-03) in KRW ₩9850
Korea (Republic of) Diversified Financial Industry PE Ratio Median Figure of 7 Publicly-Listed Diversified Financial Companies 86.92x
Korea (Republic of) Market PE Ratio Median Figure of 1,311 Publicly-Listed Companies 12.31x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Meritz Financial Group.

KOSE:A138040 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= KOSE:A138040 Share Price ÷ EPS (both in KRW)

= 9850 ÷ 2,797.00

3.52x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Meritz Financial Group is good value based on earnings compared to the KR Diversified Financial industry average.
  • Meritz Financial Group is good value based on earnings compared to the Korea (Republic of) market.
Price based on expected Growth
Does Meritz Financial Group's expected growth come at a high price?
Raw Data
KOSE:A138040 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 3.52x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Asia Diversified Financial Industry PEG Ratio Median Figure of 20 Publicly-Listed Diversified Financial Companies 0.61x
Korea (Republic of) Market PEG Ratio Median Figure of 356 Publicly-Listed Companies 0.71x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Meritz Financial Group, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Meritz Financial Group's assets?
Raw Data
KOSE:A138040 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in KRW ₩20,398.63
KOSE:A138040 Share Price * KOSE (2020-04-03) in KRW ₩9850
Korea (Republic of) Diversified Financial Industry PB Ratio Median Figure of 18 Publicly-Listed Diversified Financial Companies 1.1x
Korea (Republic of) Market PB Ratio Median Figure of 1,954 Publicly-Listed Companies 0.84x
KOSE:A138040 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= KOSE:A138040 Share Price ÷ Book Value per Share (both in KRW)

= 9850 ÷ 20,398.63

0.48x

* Primary Listing of Meritz Financial Group.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Meritz Financial Group is good value based on assets compared to the KR Diversified Financial industry average.
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Value checks
We assess Meritz Financial Group's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Diversified Financial industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Diversified Financial industry average (and greater than 0)? (1 check)
  5. Meritz Financial Group has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Meritz Financial Group expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Meritz Financial Group has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
7.3%
Expected Diversified Financial industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Meritz Financial Group expected to grow at an attractive rate?
  • Unable to compare Meritz Financial Group's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Meritz Financial Group's earnings growth to the Korea (Republic of) market average as no estimate data is available.
  • Unable to compare Meritz Financial Group's revenue growth to the Korea (Republic of) market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
KOSE:A138040 Future Growth Rates Data Sources
Data Point Source Value (per year)
Asia Diversified Financial Industry Earnings Growth Rate Market Cap Weighted Average 7.3%
Asia Diversified Financial Industry Revenue Growth Rate Market Cap Weighted Average 12.4%
Korea (Republic of) Market Earnings Growth Rate Market Cap Weighted Average 27.8%
Korea (Republic of) Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
KOSE:A138040 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in KRW Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
KOSE:A138040 Past Financials Data
Date (Data in KRW Millions) Revenue Cash Flow Net Income *
2019-12-31 12,876,683 -4,572,110 383,155
2019-09-30 12,092,317 -5,314,693 320,982
2019-06-30 11,335,944 -2,968,576 341,190
2019-03-31 10,888,841 -3,936,303 325,300
2018-12-31 10,500,946 -2,511,433 298,992
2018-09-30 10,310,542 -4,062,228 321,134
2018-06-30 10,037,685 -4,312,785 310,571
2018-03-31 9,726,069 -1,933,544 342,011
2017-12-31 9,676,183 -1,372,897 370,077
2017-09-30 9,222,891 4,087,408 353,862
2017-06-30 9,170,782 1,003,275 349,651
2017-03-31 9,064,960 950,956 304,143

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Meritz Financial Group is high growth as no earnings estimate data is available.
  • Unable to determine if Meritz Financial Group is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
KOSE:A138040 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Meritz Financial Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

KOSE:A138040 Past Financials Data
Date (Data in KRW Millions) EPS *
2019-12-31 2,797.00
2019-09-30 2,333.83
2019-06-30 2,476.08
2019-03-31 2,390.29
2018-12-31 2,168.66
2018-09-30 2,299.60
2018-06-30 2,189.66
2018-03-31 2,380.68
2017-12-31 2,595.90
2017-09-30 2,501.20
2017-06-30 2,498.42
2017-03-31 2,164.21

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Meritz Financial Group will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether Meritz Financial Group is trading at Meritz Financial Group'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. Meritz Financial Group's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Diversified Financials companies here
  3. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Meritz Financial Group's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Asia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Asia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Meritz Financial Group has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Meritz Financial Group performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Meritz Financial Group's growth in the last year to its industry (Diversified Financial).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Meritz Financial Group's year on year earnings growth rate has been positive over the past 5 years.
  • Meritz Financial Group's 1-year earnings growth exceeds its 5-year average (28.1% vs 15.9%)
  • Meritz Financial Group's earnings growth has not exceeded the KR Diversified Financial industry average in the past year (28.1% vs 28.1%).
Earnings and Revenue History
Meritz Financial Group's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Meritz Financial Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

KOSE:A138040 Past Revenue, Cash Flow and Net Income Data
Date (Data in KRW Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 12,876,683.38 383,154.75 1,522,879.31
2019-09-30 12,092,317.16 320,981.94 1,460,276.46
2019-06-30 11,335,943.82 341,190.22 1,416,183.98
2019-03-31 10,888,841.24 325,299.99 1,342,590.47
2018-12-31 10,500,946.13 298,991.63 1,283,658.56
2018-09-30 10,310,542.35 321,133.54 1,188,435.94
2018-06-30 10,037,685.11 310,570.82 1,100,820.19
2018-03-31 9,726,069.02 342,010.61 1,075,059.40
2017-12-31 9,676,183.04 370,077.41 1,044,798.14
2017-09-30 9,222,890.99 353,862.48 986,992.87
2017-06-30 9,170,782.28 349,650.85 983,767.84
2017-03-31 9,064,960.03 304,143.44 949,301.40
2016-12-31 8,878,922.08 252,721.18 914,018.46
2016-09-30 8,744,651.08 241,385.92 894,377.35
2016-06-30 8,556,978.77 206,889.68 880,813.66
2016-03-31 8,300,888.63 220,363.60 892,868.37
2015-12-31 7,962,758.50 203,787.02 981,501.30
2015-09-30 7,745,171.64 200,729.52 953,017.29
2015-06-30 7,370,306.94 197,907.06 919,353.26
2015-03-31 6,947,517.10 133,275.55 854,063.65
2014-12-31 6,616,070.13 116,307.02 739,709.61
2013-12-31 6,012,910.35 88,282.09 635,393.62
2013-09-30 5,680,829.47 62,931.24 509,351.76
2013-06-30 5,563,620.35 59,791.78 517,439.47

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Meritz Financial Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Meritz Financial Group used its assets more efficiently than the KR Diversified Financial industry average last year based on Return on Assets.
  • Unable to establish if Meritz Financial Group improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Meritz Financial Group's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Diversified Financial industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Meritz Financial Group has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Meritz Financial Group's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Meritz Financial Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Meritz Financial Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Meritz Financial Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Meritz Financial Group's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.9x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Meritz Financial Group Company Filings, last reported 3 months ago.

KOSE:A138040 Past Debt and Equity Data
Date (Data in KRW Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 5,961,867.97 43,196,412.30 39,220,050.77
2019-09-30 6,236,469.66 43,795,813.01 38,774,282.55
2019-06-30 6,055,453.66 40,728,675.60 37,097,531.43
2019-03-31 5,591,800.42 39,480,338.65 34,722,940.53
2018-12-31 5,454,636.72 36,975,067.56 32,174,158.20
2018-09-30 5,030,850.28 33,630,318.50 31,660,322.78
2018-06-30 4,837,035.23 34,411,807.85 27,239,627.55
2018-03-31 4,628,995.12 31,738,105.75 17,660,402.51
2017-12-31 4,831,917.64 30,042,871.01 13,792,042.10
2017-09-30 4,747,139.56 26,948,864.95 10,723,952.45
2017-06-30 4,654,102.68 27,642,904.75 12,948,536.19
2017-03-31 3,979,831.76 27,663,857.40 12,855,789.40
2016-12-31 3,986,593.04 26,261,361.37 11,930,884.36
2016-09-30 4,354,368.88 26,468,203.89 12,515,264.29
2016-06-30 4,184,480.77 24,421,121.92 10,956,269.05
2016-03-31 3,658,997.92 24,368,423.57 11,779,714.74
2015-12-31 3,629,338.29 22,257,680.95 10,521,997.51
2015-09-30 3,602,560.90 21,197,096.47 10,301,769.12
2015-06-30 3,185,302.91 19,620,082.29 9,536,101.86
2015-03-31 3,036,895.96 19,281,031.77 9,562,054.22
2014-12-31 2,999,672.78 18,057,350.71 9,092,083.77
2013-12-31 2,153,914.46 13,807,015.45 5,536,418.74
2013-09-30 2,159,558.23 13,452,786.83 5,911,447.51
2013-06-30 2,107,358.70 12,409,502.98 6,033,670.92
  • Meritz Financial Group's level of debt (724.5%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (602.3% vs 724.5% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Unable to confirm if the interest payments on Meritz Financial Group's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess Meritz Financial Group's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Meritz Financial Group has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Meritz Financial Group's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Meritz Financial Group dividends.
If you bought ₩2,000 of Meritz Financial Group shares you are expected to receive ₩0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Meritz Financial Group's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Meritz Financial Group's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
KOSE:A138040 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Asia Diversified Financial Industry Average Dividend Yield Market Cap Weighted Average of 89 Stocks 5.1%
Korea (Republic of) Market Average Dividend Yield Market Cap Weighted Average of 908 Stocks 2.9%
Korea (Republic of) Minimum Threshold Dividend Yield 10th Percentile 0.6%
Korea (Republic of) Bottom 25% Dividend Yield 25th Percentile 1.2%
Korea (Republic of) Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Meritz Financial Group has not reported any payouts.
  • Unable to verify if Meritz Financial Group's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Meritz Financial Group's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Meritz Financial Group has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Meritz Financial Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.6%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Meritz Financial Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Meritz Financial Group has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Meritz Financial Group's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Yong Beom Kim
AGE 56
CEO Bio

Mr. Yong Beom Kim serves as the Chief Executive Officer at Meritz Fire & Marine Insurance Co., Ltd. since March 20, 2015 and serves as its President and Vice President Director. Mr. Kim serves as Chief Executive Officer and President at Meritz Financial Group Inc. Mr. Kim served as Co-Chief Executive Officer of Meritz Securities Co., Ltd. He is in charge of retail business. He serves as Managing Director of Samsung Investment & Trust. He serves as Senior Managing Director of Samsung Securities. He serves as Vice President of Meritz Securities. He served as Chief Executive Officer of Meritz Securities. He serves as President of Merits Financial Group. Before starting his career at Meritz, he served various key posts at Samsung Asset Management and Samsung Securities such as director of bond management and director of the capital market, respectively. He serves as Director of Meritz Financial Group Inc. He serves as a Director of Meritz Securities Co., Ltd., and CSFB Global Emerging Market Group. He serves as a Director of Meritz Fire & Marine Insurance Co., Ltd. He studied Business Administration at Seoul National University.

CEO Compensation
  • Insufficient data for Yong Beom to compare compensation growth.
  • Insufficient data for Yong Beom to establish whether their remuneration is reasonable compared to companies of similar size in .
Management Team

Yong Beom Kim

TITLE
CEO, President & Director
AGE
56

Jae-Joon Ryu

TITLE
Senior Managing Director
AGE
54

Won-Jae Jang

TITLE
Senior MD & CRO
AGE
52

Gwang-Soo Lee

TITLE
MD & Chief of Management Support Office
AGE
48
Board of Directors

Jung-Ho Cho

TITLE
Chairperson
AGE
61

Yong Beom Kim

TITLE
CEO, President & Director
AGE
56

Dae-Shick Oh

TITLE
Outside Director
AGE
65

Kwang Chun

TITLE
Outside Director
AGE
62

Hyuk Lee

TITLE
Outside Director
AGE
56
TENURE
4.1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₩) Value (₩)
X
Management checks
We assess Meritz Financial Group's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Meritz Financial Group has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Meritz Financial Group Inc., through its subsidiaries, provides various financial services in South Korea. The company offers fire, marine, long-term, automobile, and general insurance products, as well as financing, asset management, etc.; and securities and OTC derivatives investment/brokerage and trading, trust, and investment consulting and discretion services. It is also involved in the provision of car financing, personal loan, and corporate financing services; and commissioned management of investment trusts. The company was founded in 2007 and is based in Seoul, South Korea.

Details
Name: Meritz Financial Group Inc.
A138040
Exchange: KOSE
Founded: 2007
₩1,327,159,666,700
134,737,022
Website: http://www.meritzgroup.com
Address: Meritz Financial Group Inc.
382, Gangnam-daero,
Gangnam-gu,
Seoul,
06232,
South Korea
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
KOSE A138040 Common Stock Korea Stock Exchange KR KRW 13. May 2011
Number of employees
Current staff
Staff numbers
0
Meritz Financial Group employees.
Industry
Other Diversified Financial Services
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/04 23:41
End of day share price update: 2020/04/03 00:00
Last earnings filing: 2020/03/05
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.