NH Investment & Securities: Earnings Up Sharply, Shares Down 22.2% Over Three Months

Thesis

The data supports a strong earnings trend. Net income rose from ₩556.4B in 2023 to ₩686.7B in 2024 and ₩1.03T in 2025, and the H1 2026 figure is ₩1.53T. ROE improved from 7.3% to 11.8% over 2023-2025 and stands at 16.1% in the latest period.

The share price has not followed recent earnings. It is down 7.8% over one month and 22.2% over three months, though still up 25.3% over one year. The close sits well below the 52-week high of ₩42,600 and above the low of ₩18,890. The data does not say why the shares fell, and no news headlines are available.

The balance sheet is highly leveraged, as is common for brokers, and free cash flow is negative. Investor flow, foreign ownership and short balance data are not available, so we cannot say who has been selling.

Business overview

NH Investment & Securities is a financial-sector company listed on the KOSPI. It was founded on 1969-01-16 and listed on 1975-09-30. The data names the CEOs as 신재욱 and 배광수. It has 324,086,305 listed shares and a market capitalization of about ₩7.86T. Among the listed peers, Mirae Asset Securities (₩16.2T) is larger, while Samsung Securities (₩7.4T) and KIWOOM Securities (₩6.2T) are similar or smaller. Revenue figures are not available in the data.

Model estimate of fair value

The valuation model has no estimate for this company yet (not enough data, or no positive value with the base case).

Report history

1. Oct 26, 2026Update noteEarningsNH Investment & Securities: Q3 Preliminary Operating Profit Up 33.2% Year on Year, Down 23.5% From Q2
2. Oct 13, 2026InitiationNH Investment & Securities: Earnings Up Sharply, Shares Down 22.2% Over Three Months