Shinyoung Securities신영증권

Shinyoung Securities shares have fallen sharply over the past year, while recent filings point to new securities issuance activity.

Shinyoung Securities is a Korean brokerage, fund and trust firm. Its trailing twelve-month revenue to Q1 2026 was ₩3.2T, with operating income of ₩181B and net income of ₩140B, though 2025 revenue fell 10.8%. At ₩121,500 the shares sit near their 52-week low of ₩119,300, far below the 52-week high of ₩272,000.

What stands out

• Trailing profitability is thin: operating margin 5.6%, net margin 4.3% and ROE 7.8%, down from 2024's 8.8% ROE.
• Free cash flow was negative at about -₩65B on a trailing basis, and borrowings are large at ₩6.6T against a liabilities-to-equity ratio of 552%.
• Valuation is P/E 14.2 and P/B 1.0, a dividend yield of 4.1%, while listed peers in the pack trade at much lower P/E multiples (3.3 to 7.5).
• The internal fair value model in the pack gives a base value of ₩89,003 (bear ₩50,561, bull ₩139,099), below the current price.
• Recent filings are mostly prospectuses, shelf registration supplements for equity-linked securities and issuance results reports. The news headlines list in the data is empty.

What to watch

• Next quarterly results and whether revenue and margins recover from the 2025 decline.
• Follow-up filings on the equity-linked securities issuances and the change in largest shareholder's holdings reported on 16 October.
• Institutional investors were net sellers over the last 20 days (about -₩5.3B), while foreign ownership edged up to 6.3%; the data does not explain the cause of recent share price weakness.