Risk factor
Weak & very vulnerable to price shocks
Profitability factor
Excellent dividends
About
Korean Reinsurance Company, founded in 1963 and based in Seoul, South Korea, delivers comprehensive life and non-life reinsurance services to clients in Korea and across international markets. Its extensive non-life product suite includes property coverage for risks such as fire, property all risks, inland floater, and museum items. The engineering division handles a broad spectrum of policies, including contractor's and erection all risks, machinery, electric equipment, civil engineering completed risk, contractor's plant and machinery, and comprehensive machinery. Marine reinsurance encompasses hull, cargo, and aviation. Additionally, casualty offerings feature general and professional liability, workers compensation, personal accident, guarantee, and various other specialty insurance options. The company also provides life reinsurance solutions, safeguarding against death and health, among other related products. Further specialization includes agriculture, nuclear, and motor reinsurance lines.
Company Valuation
Considering past and projected metrics, the stock is 'cheaper' than its peers. Specifically, the stock is 'cheap' on P/E, undervalued on EV/EBITDA, underpriced on P/FCF.
Target Price
The average target price of 003690.KS is 16043 and suggests 10.3% upside potential. Usually, this means a HOLD recommendation among investment firms. This neutral recomme