Professional
Added to YB: 2026-05-15
Pitch date: 2026-04-22
138040.KS [neutral]
Meritz Financial Group Inc.
Author Info
No bio for this author
Company Info
Meritz Financial Group Inc., together with its subsidiaries, provides various financial services in South Korea and internationally.
Market Cap
KRW 17.9T
Pitch Price
N/A
Price Target
406.6K
Dividend
N/A
EV/EBITDA
N/A
P/E
8.33
EV/Sales
N/A
Sector
Financial Services
Category
value
Bonhoeffer Capital Managemnent Case Study: Meritz Financial Group Inc.
138040.KS (holding update): Korean health insurer & real estate brokerage w/ 4% ROA, 21% ROE. ₩124T portfolio (47% bonds, 47% loans) earning 3.1% yield. 11x equity leverage, -4.4% cost of float. 5yr EPS CAGR 35%, BV +28%. M&A engine for IB teams, 5-6% buybacks. Trading 9x earnings vs 13x peers despite 7%+ growth potential. PT ₩406,599 (vs ₩105K current), 35% 4yr IRR
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