Added to YB: 2026-09-07
Pitch date: 2026-09-03
244920.KS [bullish]
Aplus Asset Advisor Co. Ltd
Author Info
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Company Info
Aplus Asset Advisor Co. Ltd provides life and non-life insurance products. It also offers coverage analysis services; and comparative sales services of good insurance.
Market Cap
KRW 298.4B
Pitch Price
N/A
Price Target
14.5K
Dividend
N/A
EV/EBITDA
4.05
P/E
9.73
EV/Sales
0.38
Sector
Insurance
Category
value
Buying the Buyback - Aplus Asset Advisor Co. Ltd
244920.KS: A Plus is a capital-light Korean insurance brokerage whose 9x forward P/E discounts consolidation benefits as tighter regulation pushes agents toward larger, compliant agencies. Agent headcount grew at a 26% CAGR from 2023 to 2026, while trailing-four-quarter brokerage operating profit reached a record KRW37.67B. A 50% dividend increase and first-ever 3% buyback improve returns, but the KRW14,500 2027 target offers modest upside and plans to spread commissions over multiple years from 2027 could dampen results.
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