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← CockpitCompetitor Analysis › 003540.KS Daishin Securities Co., LtdOpen in the cockpit ↗

Daishin Securities Co., Ltd003540.KSCompetitor analysis, valuation and peers

South Korea · KRW·Financials›Investment Banks/Brokers

One of Korea's major full-service securities brokerages, offering retail/institutional brokerage, wealth management and investment banking.

Momentum neutral 41
Mkt cap
$868M
US dollars, full cap
Free float
44%
of shares outstanding
$/day
$771,891
20-day average traded
Fwd P/E
2.9×
forward earnings
ROIC−WACC
n/a
WACC 5.0%
Hurdle
n/a
no reverse DCF
Next earnings
124 days
10 Mar 2027
Close · KRW₩21,300
1D-3.8%
1W-6.0%
1M-14.8%
3M-18.7%
6M-43.9%
YTD-21.1%
1Y-26.0%
ATR %3.9%
52w lowhigh58.6% off high

What Daishin Securities does

One of Korea's major full-service securities brokerages, offering retail/institutional brokerage, wealth management and investment banking.

Earns commissions on client trades, fees for selling funds and wealth products and underwriting fees, with trading income from its own book; results rise and fall with Korean market turnover and deal volumes.

Products and services

  • Retail brokerage
  • Wealth management
  • Investment banking/underwriting

Customers

  • Retail investors
  • Corporate/institutional clients

Where it sits in the supply chain

  • Financial services
  • Securities brokerage and wealth…
  • Investment banking

What could go right

  • Retail brokerage/wealth-management growth
  • Capital-markets/IB fee recovery

What could go wrong

  • Trading-volume cyclicality
  • Brokerage-fee competition from online-only rivals

Moat: narrow (brand, distribution). Long-established brokerage brand with a nationwide branch and wealth-management network.

Headquarters: Seoul, South Korea · Founded: 1962 · Employees: 1,432

Named competitors

Daishin Securities at a glance

Size Daishin Securities (003540.KS) is a South Korea Financials company (Investment Banks/Brokers) with a market value of $868M, the 254th largest of 495 South Korea companies the cockpit tracks. Shares closed at ₩21,300 on 6 Nov 2026.

Performance Over six months the shares fell 43.9%, against -11.4% for the median peer and -24.5% for the South Korea market (cap-weighted) — 3rd lowest of 21 in its peer set.

Growth Revenue grew 44.2% over the last twelve months (peer median +14.9%); the operating margin is 52.8% (peer median 33.1%).

Valuation It trades at 2.9× forward earnings against a peer median of 11.8× (cheapest of 11).

Next results Next results expected around 10 Mar 2027 (exchange calendar; dates can move).

Relative performance

608010011 May 202611 Aug 20266 Nov 2026Peer median 89003540.KS 53
Six months, rebased to 100: Daishin Securities against the median of its 20 peers (local-currency closes).

Daishin Securities financials

Reported figures in KRW; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue₩2.26T₩1.82T₩1.48T₩1.52T₩1.74T
Revenue growth—+23%-2%-13%—
Gross profit₩2.01T₩1.58T₩1.25T₩1.17T₩1.50T
EBITDA₩1.41T₩1.06T₩788B₩692B₩588B
Net income₩415B₩164B₩133B₩134B₩116B
Free cash flow₩1.82T₩3.28T-₩1.88T-₩1.35T₩1.41T
Capital expenditure₩35.8B₩36.2B₩19.2B₩20.3B₩19.3B
Total debt₩22.7T₩21.2T₩15.2T₩12.3T₩10.0T

Quarterly statements and history in the cockpit →

Daishin Securities competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-40%-20%0%+20%-20%-10%0%6080023590OPYBRBI8511IEX003530GPW7177TIGR6023CF7148GOLD0585FLOWJMFINANCIL86162820030610003540.KS6-month return →1-month return →
Up and to the right = strong over both horizons. Daishin Securities is the large dot.

Fundamentals: revenue growth against valuation

-50%0%+50%+100%5×10×15×6080IEXGPWTIGRCF7148GOLDFLOWJMFINANCIL8616003540.KSRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Daishin Securities is the large dot.

Daishin Securities competitors and peer comparison

Head to head with its named competitors (003540.KS vs 039490.KS vs 006800.KS vs 005940.KS)
CompanyMarket cap6M returnRevenue growthOp. marginForward P/EReq g
Daishin Securities 003540.KS$868M-44%+44%53%2.9×n/a
Kiwoom 039490.KS$3.48B-53%+100%41%2.9×n/a
Mirae Asset Sec 006800.KS$7.57B-66%+5%114%4.0×n/a
NHIS 005940.KS$6.46B-32%+156%34%5.2×n/a
SamsungSecu 016360.KS$4.87B-31%+19%71%4.0×n/a

How Daishin Securities compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Daishin Securities against its 20 peers (data as of 6 Nov 2026)
Measure003540.KSPeer medianRank in peer set
1-month return-14.8%-10.3%8th lowest of 21
6-month return-43.9%-11.4%3rd lowest of 21
Distance from 52-week high-58.6%-25.8%4th lowest of 21
Revenue growth (TTM)+44.2%+14.9%5th highest of 21
Operating margin52.8%33.1%6th highest of 21
Forward P/E2.9×11.8×cheapest of 11

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Daishin Securities 003540.KSSouth Korea$868M-44%+44%53%2.9×n/an/a
M&A Capital Partners 6080.TJapan$855M+32%+12%38%17.5×n/an/a
DAOU TECHNOLOGY 023590.KSSouth Korea$919M-35%+134%6%n/an/an/a
Oppenheimer OPYUnited States$963M-5%+14%12%n/an/an/a
BRBI BR Partners S.A. Sponsored ADR BRBIUnited States$759M-54%0%425%n/an/an/a
Japan Securities Finance 8511.TJapan$1.02B-6%+73%82%n/an/an/a
Indian Energy Exchange IEX.NSIndia$1.03B-18%+13%80%18.1×n/an/a
Hanwha Investment&securities 003530.KSSouth Korea$725M-51%+41%36%n/an/an/a
Gielda Papierow Wartosciowych w Warszawie GPW.WAPoland$1.04B+19%+22%34%16.3×n/an/a
GMO Financial 7177.TJapan$721M-6%+9%32%n/an/an/a
UP Fintech Holding Ltd. Sponsored ADR TIGRUnited States$710M-40%+41%44%4.9×n/an/a
Yuanta Futures 6023.TWOTaiwan$1.07B-9%+10%-22%n/an/an/a
Canaccord Genuity CF.TOCanada$1.08B+17%+32%12%11.0×n/an/a
Financial Products 7148.TJapan$698M-14%-37%30%7.0×n/an/a
Gold.com GOLDUnited States$1.09B-17%+132%1%13.8×n/an/a
Imagi International 0585.HKHong Kong$682M+116%+51%13%n/an/an/a
Flow Traders FLOW.ASNetherlands$1.13B-20%-4%43%7.2×n/an/a
JM Financial JMFINANCIL.NSIndia$1.13B-22%+1%32%8.0×n/an/a
Tokai Tokyo Financial 8616.TJapan$1.14B+2%+16%18%12.5×n/an/a
China Bills Finance 2820.TWTaiwan$660M-4%+16%86%n/an/an/a
Kyobo Securities 030610.KSSouth Korea$651M-43%-15%76%n/an/an/a

Questions

Who are Daishin Securities's main competitors?
Named competitors: Kiwoom Securities (039490.KS), Mirae Asset Securities (006800.KS), NH Investment & Securities (005940.KS), Samsung Securities (016360.KS). The cockpit's measured peer set (industry) also includes M&A Capital Partners (6080.T), DAOU TECHNOLOGY (023590.KS), Oppenheimer (OPY), BRBI BR Partners S.A. Sponsored ADR (BRBI), Japan Securities Finance (8511.T), Indian Energy Exchange (IEX.NS).
Is Daishin Securities expensive compared with its peers?
On forward p/e it trades at 2.9× against a peer median of 11.8×, cheapest of 11 in its peer set.
How has Daishin Securities stock performed?
Over six months to 6 Nov 2026 the shares returned -43.9% against -11.4% for the median peer; over one year -26.0%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.