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← CockpitCompetitor Analysis › 211050.KS INCAR FINANCIAL SERVICE Co.,Ltd.Open in the cockpit ↗

INCAR FINANCIAL SERVICE Co.,Ltd.211050.KSCompetitor analysis, valuation and peers

South Korea · KRW·Financials›Insurance Brokers/Services
Momentum strong 79
Mkt cap
$338M
US dollars, full cap
Free float
45%
of shares outstanding
$/day
$422,113
20-day average traded
P/B
2.01×
price to book
ROE
39.7%
delivered
Implied ROE
8.0%
what the price asks
Close · KRW₩9,870
1D+1.6%
1W+3.6%
1M-0.6%
3M-4.6%
6M-8.8%
YTD-22.9%
1Y-17.4%
ATR %4.0%
52w lowhigh43.0% off high

What INCAR FINANCIAL SERVICE does

Employees: 407

INCAR FINANCIAL SERVICE at a glance

Size INCAR FINANCIAL SERVICE (211050.KS) is a South Korea Financials company (Insurance Brokers/Services) with a market value of $338M, the 437th largest of 495 South Korea companies the cockpit tracks. Shares closed at ₩9,870 on 6 Nov 2026.

Performance Over six months the shares fell 8.8%, against -4.9% for the median peer and -24.5% for the South Korea market (cap-weighted) — 3rd lowest of 6 in its peer set.

Growth Revenue grew 31.9% over the last twelve months (peer median +14.9%); the operating margin is 10.0% (peer median 7.4%).

Valuation It trades at 2.01× book value against a peer median of 2.41× (2nd cheapest of 6).

Price implies The share price implies a return on equity of about 8.0%; INCAR FINANCIAL SERVICE delivers 39.7%, so the price asks less than the business earns today.

Relative performance

9010011011 May 202611 Aug 20266 Nov 2026Peer median 100211050.KS 94
Six months, rebased to 100: INCAR FINANCIAL SERVICE against the median of its 5 peers (local-currency closes).

INCAR FINANCIAL SERVICE financials

Reported figures in KRW; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue₩1.19T₩1.02T₩832B₩557B₩401B
Revenue growth—+23%+49%+39%—
Net income₩82.9B₩72.3B₩62.0B₩29.5B₩20.8B
Free cash flow-₩11.2B₩55.2B₩73.7B₩8.24B-₩1.73B
Capital expenditure₩6.56B₩2.29B₩1.78B₩3.08B₩4.30B
Total debt₩96.7B₩51.6B₩58.2B₩63.9B₩28.8B

Quarterly statements and history in the cockpit →

INCAR FINANCIAL SERVICE 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

-20%0%-10%-5%0%7388WDHCRD-AROOTREVO211050.KS6-month return →1-month return →
Up and to the right = strong over both horizons. INCAR FINANCIAL SERVICE is the large dot.

Fundamentals: return on equity against price-to-book

10%20%30%40%20×40×7388WDHCRD-AROOTREVO211050.KSReturn on equity →Price / book →
A bank or insurer earning more on its equity usually trades at a higher multiple of book; points far above the trend are priced for more. INCAR FINANCIAL SERVICE is the large dot.

Capital: ROE delivered against the ROE the price implies

10%20%30%40%20%40%7388WDHCRD-AROOTREVO211050.KSROE delivered →ROE the price implies →
Above the diagonal = the price asks for a higher return on equity than the business earns today. INCAR FINANCIAL SERVICE is the large dot.

INCAR FINANCIAL SERVICE competitors and peer comparison

How INCAR FINANCIAL SERVICE 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.

INCAR FINANCIAL SERVICE against its 5 peers (data as of 6 Nov 2026)
Measure211050.KSPeer medianRank in peer set
1-month return-0.6%-2.3%highest of 6
6-month return-8.8%-4.9%3rd lowest of 6
Return on equity39.7%14.0%highest of 6
Price / book2.01×2.41×2nd cheapest of 6
Trailing P/E5.8×21.5×2nd cheapest of 6
ROE the price implies8.0%21.0%2nd least demanding of 6
ROE delivered39.7%14.0%highest of 6

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthROEPrice / bookImplied ROEDelivered ROE
INCAR FINANCIAL SERVICE 211050.KSSouth Korea$338M-9%+32%40%2.01×8.0%39.7%
FP Partner 7388.TJapan$327M+1%-6%15%4.96×34.3%14.9%
Waterdrop, Inc. Sponsored ADR WDHUnited States$364M-35%+76%11%0.48×4.6%10.6%
Crawford & CRD-AUnited States$539M+15%-4%14%2.96×21.0%14.0%
Root ROOTUnited States$672M-23%+15%15%2.05×37.6%15.4%
REVO Insurance REVO.MIItaly$745M-5%+27%9%2.41×11.1%9.4%

Questions

Which companies are INCAR FINANCIAL SERVICE's closest peers?
The cockpit's peer set: FP Partner (7388.T), Waterdrop, Inc. Sponsored ADR (WDH), Crawford & (CRD-A), Root (ROOT), REVO Insurance (REVO.MI).
Is INCAR FINANCIAL SERVICE expensive compared with its peers?
On price / book it trades at 2.01× against a peer median of 2.41×, 2nd cheapest of 6 in its peer set. The share price implies a return on equity of about 8.0%; INCAR FINANCIAL SERVICE delivers 39.7%, so the price asks less than the business earns today.
How has INCAR FINANCIAL SERVICE stock performed?
Over six months to 6 Nov 2026 the shares returned -8.8% against -4.9% for the median peer; over one year -17.4%.

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.