iM Financial GroupiM금융지주

iM Financial Group's trailing profits are solid and the shares trade at low multiples, but the stock has fallen about 12% over the past month.

iM Financial Group is a Korean financial holding company with banking, securities, insurance and specialty finance units. For the trailing twelve months to H1 2026 it reported operating income of about ₩552B and net income of about ₩430B, with ROE of 7%. At ₩15,750, the shares sit well below their 52-week high of ₩22,000 and the data shows a 4.4% dividend yield.

What stands out

• Net income for the trailing twelve months to H1 2026 was about ₩430B, slightly below full-year 2025 net income of about ₩444B.
• Valuation is low: P/E of 5.8 and P/B of 0.4, versus peers such as KB Financial at 8.6 P/E and 0.9 P/B.
• Liabilities are about 15 times equity, which is typical of a financial group but means the balance sheet is highly leveraged; borrowings are about ₩10.5T against cash of about ₩4.0T.
• Foreign ownership fell from 46.6% to 44.8% over about 60 days, while institutions were net buyers over the last 20 days and foreign and retail investors were net sellers.
• Recent filings are mostly investor relations events and a 2026 write-down contingent convertible securities issuance; the data does not explain the terms or size of that issuance in detail.

What to watch

• The Q3 earnings briefing on the 27th, which the company announced for domestic and overseas investors.
• Any further details on the write-down contingent convertible securities issuance and its effect on capital.
• The 5%+ holding report filed on 19 October and whether ownership changes continue, given recent foreign selling.