A Plus Asset Advisor Co., Ltd. (244920) AI Stock Analysis

A Plus Asset Advisor Co., Ltd.

(Korea Exchange:244920)

Select Model

Rating:64Neutral

Price Target:KRW 13,001.00▲(6.65% Upside)

Action:initiatedcoverage

Date:10/28/26

The score is driven primarily by improving financial performance (rebounding profitability, stronger ROE, and robust recent free cash flow) and supported by an attractive valuation (low P/E and a ~2.47% dividend yield). Offsetting these positives, technical signals are mixed with weak near-term trend/momentum (below 20/50-day averages and negative MACD), and the company’s historical earnings/cash-flow volatility remains a key risk.

Positive Factors

Improving Profitability and ReturnsThe recovery in net income, margin, and ROE shows that the company is currently generating stronger earnings from its capital base. If this improvement persists, it can support internal reinvestment, reinforce client confidence in its investment capabilities, and improve operating resilience over the next several quarters.

Negative Factors

Uneven Historical ProfitabilityThe wide swings in net margin indicate that earnings power has not yet demonstrated consistent stability across business cycles. Such variability makes future profitability harder to predict and may constrain durable reinvestment or shareholder-return planning if operating or market conditions deteriorate again.

A Plus Asset Advisor Co., Ltd. (244920) vs. SPDR S&P 500 ETF (SPY)

Market Cap: KRW 275.59B
Dividend Yield: 2.46%
Average Volume (3M): 30.63K
Price to Earnings (P/E): 9.0
Beta (1Y): 0.14
Revenue Growth: 22.73%
EPS Growth: 3129.54%
Country: KR
Employees: 516
Sector: General
Sector Strength: 55
Industry: Insurance - Diversified

A Plus Asset Advisor Co., Ltd. Business Overview & Revenue Model

Company Description

Aplus Asset Advisor Co. Ltd offers an extensive array of insurance products, encompassing both life and general coverage. Their diverse portfolio includes health-related policies (such as cancer, medical, nursing, and elderly care), family-focused op...

A Plus Asset Advisor Co., Ltd. Financial Statement Overview

Summary

Recent fundamentals are improving: TTM revenue grew 4.7%, net income rose to 30.7B with net margin recovering to ~4.1%, ROE strengthened to ~17.8%, and free cash flow increased sharply (+47.8%) with solid conversion (~87% of net income). The main constraint on the score is multi-year volatility (very high margins in 2022, sharp drop in 2024, negative cash flow in 2023), indicating inconsistent profitability and cash-flow stability.

Income Statement

66Positive

Balance Sheet

72Positive

Cash Flow

61Positive

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	747.34B	682.47B	515.79B	350.87B	270.72B	258.02B
Gross Profit	422.02B	665.08B	317.82B	203.75B	135.83B	130.41B
EBITDA	69.81B	53.51B	37.40B	37.13B	104.08B	41.45B
Net Income	30.66B	22.12B	2.48B	10.19B	50.33B	12.10B
Balance Sheet
Total Assets	544.63B	515.34B	479.28B	372.85B	345.30B	285.59B
Cash, Cash Equivalents and Short-Term Investments	143.36B	132.06B	146.27B	107.07B	138.80B	91.24B
Total Debt	62.87B	62.47B	57.36B	47.04B	34.23B	53.31B
Total Liabilities	269.59B	254.14B	235.50B	183.32B	159.15B	157.99B
Stockholders Equity	183.57B	169.69B	150.54B	150.36B	145.80B	98.13B
Cash Flow
Free Cash Flow	44.18B	21.85B	23.98B	-5.56B	17.21B	1.36B
Operating Cash Flow	50.76B	31.78B	32.44B	-3.20B	18.24B	12.20B
Investing Cash Flow	-8.60B	-12.01B	-752.43M	-3.97B	23.20B	-7.05B
Financing Cash Flow	-30.53B	-27.84B	-12.04B	-9.34B	-37.52B	-2.24B

A Plus Asset Advisor Co., Ltd. Technical Analysis

Technical Analysis SentimentNegative

Last Price12190.00

Price Trends

50DMA12883.40Negative

100DMA12017.40Positive

200DMA11721.80Positive

Market Momentum

MACD-130.34Negative

RSI46.47Neutral

STOCH64.86Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For KR:244920, the sentiment is Negative. The current price of 12190.00 is below the 20-day moving average (MA) of 12310.00, below the 50-day MA of 12883.40, and above the 200-day MA of 11721.80, indicating a neutral trend. The MACD of -130.34 indicates Negative momentum. The RSI at 46.47 is Neutral, neither overbought nor oversold. The STOCH value of 64.86 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for KR:244920.

A Plus Asset Advisor Co., Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

KR:244920 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
KR:123890	69Neutral	KRW 272.92B	4.52	―	6.64%	1.15%	105.68%
KR:001750	67Neutral	KRW 282.25B	4.01	―	8.57%	-23.54%	25.85%
KR:244920	64Neutral	KRW 275.59B	8.99	―	2.46%	22.73%	3129.54%
KR:026890	60Neutral	KRW 249.46B	12.64	―	3.32%	-6.69%	803.00%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
KR:034830	53Neutral	KRW 224.62B	5.34	―	7.11%	0.61%	203.31%

* General Sector Average

Performance Comparison

KR:244920 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
KR:244920	A Plus Asset Advisor Co., Ltd.	12190.00	6247.79	105.14%
KR:001750	HANYANG SECURITIES Co., Ltd.	18680.00	632.40	3.50%
KR:023760	Han Kook Capital Co., Ltd.	1331.00	-140.40	-9.54%
KR:026890	STIC Investments, Inc.	7530.00	-2406.30	-24.22%
KR:034830	Korea Real Estate Investment Trust Co., Ltd.	985.00	-237.80	-19.45%
KR:123890	KOREA ASSET IN TRUST CO. LTD	2260.00	161.99	7.72%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Oct 28, 2026

A Plus Asset Advisor Co., Ltd. AI Stock Analysis