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Mirae Asset Venture Investment Co., Ltd. (A100790) Report Analysis

Corporate Events

Positive

Agtonomy announced that it has received $13.5 m...

2022-09-15 00:00:00

Agtonomy announced that it has raised $13.5 million in a round of funding led by new investors Cavallo Ventures, Inc. and Mirae Asset Venture ...

Positive

Animoca Brands Corporation Limited announced th...

2022-09-08 00:00:00

Animoca Brands Corporation Limited announced that it has raised AUD 159,000,000 in a round of funding co-led by new investors Temasek Holdings...

Positive

Aktis Oncology, Inc. announced that it has rece...

2022-08-25 00:00:00

On August 25, 2022, Aktis Oncology, Inc. closed the transaction. The company has amended the terms of the transaction. The company has receive...

Positive

Avelos Therapeutics Inc. announced that it has ...

2022-08-22 00:00:00

Avelos Therapeutics Inc. announced that it has raised $8 million in a round of funding on August 22, 2022. The Transaction included the partic...

Positive

Greenizon Agritech Consultancy Private Limited ...

2022-07-28 00:00:00

Greenizon Agritech Consultancy Private Limited announced that it expects to receive funding in a round of funding on July 28, 2022. The compan...

Positive

Animoca Brands Corporation Limited announced th...

2022-07-12 00:00:00

On July 12, 2022, Animoca Brands Corporation Limited closed the transaction. The company has amended the terms of the transaction. The company...

Positive

Rebellions Inc announced that it has received K...

2022-07-05 00:00:00

On July 5, 2022, Rebellions Inc closed the transaction. The company has amended the terms of the transaction. The company has received KRW 30,...

Positive

OnboardIQ, Inc. announced that it has received ...

2022-06-15 00:00:00

On June 15, 2022, OnboardIQ Inc. closed the transaction. The company announced it has amended the terms of the transaction and has now raised ...

Positive

Appota Corp. announced that it has received fun...

2022-06-08 00:00:00

Appota Corp. announced that it has received investment in a round of funding led by returning investor Mirae Asset Venture Investment Co., Ltd...

Positive

Rebellions Inc announced that it expects to rec...

2022-06-02 00:00:00

Rebellions Inc announced that it will receive Series A round of funding on June 2, 2022. On the same day, the company has received KRW 62,0...

Positive

Nextbillion.AI Pte. Ltd. announced that it has ...

2022-05-23 00:00:00

Nextbillion.AI Pte. Ltd. announced that it has received $21 million in series B round of funding led by new investor Mirae Asset Venture Inves...

Positive

Oasis Pro, Inc. announced that it has received ...

2022-05-12 00:00:00

On May 12, 2022, Oasis Pro, Inc. closed the transaction. The company received more than $27,000,000 in a round of funding led by returning inv...

Positive

Rael Inc. announced that it has received $35 mi...

2022-04-11 00:00:00

On April 11, 2022, Rael Inc. closed the transaction. The transaction included participation from total 11 investors. The was co-led by Colopl ...

Positive

Oasis Pro, Inc. announced that it expects to re...

2022-01-12 00:00:00

Oasis Pro, Inc. announced that it will issue 4,675,000 series A preferred shares at issue price of $4.92 per share for the gross proceeds $23,...

Positive

Mirae Asset Venture Investment Co., Ltd., 1.05 ...

2021-12-20 00:00:00

Mirae Asset Venture Investment Co., Ltd., 1.05 : 1, Stock Split or Significant Stock Dividend, Dec-29-2021

Positive

CHEQUER, Inc announced that it has received $17...

2021-12-14 00:00:00

CHEQUER, Inc announced that it has received $17.75 million in oversubscribed Preferred Series Seed round of funding co-led by new investors M...

Positive

Mirae Asset Venture Investment Co., Ltd., 155. ...

2021-11-24 00:00:00

Mirae Asset Venture Investment Co., Ltd., 155. (KRW), Cash Dividend, Dec-29-2021

Positive

Omnious Co., Ltd. announced that it has receive...

2021-11-12 00:00:00

Omnious Co., Ltd. announced that it has received KRW 10,000,000,000 in a round of funding on November 12, 2021. The transaction included parti...

Positive

Tiki Corporation announced that it has received...

2021-11-08 00:00:00

On November 8, 2021, Tiki Corporation closed the transaction. The company received $178 million in its third tranche and bringing the total se...

Positive

Baekdu Technologies Inc. announced that it has ...

2021-11-05 00:00:00

Baekdu Technologies Inc. announced that it has received $1 million in its pre-series A round of funding from Mirae Asset Venture Investment Co...

Positive

OnboardIQ, Inc. announced that it expects to re...

2021-11-04 00:00:00

OnboardIQ Inc. announced that it has received $85 million in a round of funding led by new investor SoftBank Vision Fund 2, a fund managed by ...

Positive

LN Robotics Inc. announced that it has received...

2021-10-22 00:00:00

LN Robotics Inc announced that it has raised KRW 8.9 billion in series A round of funding on October 22, 2021. The transaction included partic...

Positive

S2W INC. announced that it has received KRW 12 ...

2021-09-30 00:00:00

S2W Inc. announced that it has received KRW 12 billion in Series B round of funding led by LB Investment Inc. on September 30, 2021. The trans...

Positive

Agtonomy announced that it has received $13.5 million in funding from Cavallo Ventures, Inc., Toyota Ventures, LLC, Mirae Asset Venture Investment Co., Ltd. and other investor

2022-09-15 00:00:00

Agtonomy announced that it has raised $13.5 million in a round of funding led by new investors Cavallo Ventures, Inc. and Mirae Asset Venture Investment Co., Ltd. on September 15, 2022. The transaction included participation from returning investor Toyota Ventures, LLC, and individual investor, David R. Duncan.

Positive

Animoca Brands Corporation Limited announced that it has received AUD 159 million in funding from Temasek Holdings (Private) Limited, Boyu Capital Consultancy Co., Ltd., GGV Capital, LLC, Mirae Asset Venture Investment Co., Ltd., True Global Ventures

2022-09-08 00:00:00

Animoca Brands Corporation Limited announced that it has raised AUD 159,000,000 in a round of funding co-led by new investors Temasek Holdings (Private) Limited, Boyu Capital Consultancy Co., Ltd., and GGV Capital, LLC on September 8, 2022. The transaction involved participation from returning investors Mirae Asset Venture Investment Co., Ltd.; new investor TGV4 Plus Follow On Fund, and returning investor True Global Ventures 4 Plus Fund, funds managed by returning investor True Global Ventures. The company issued convertible notes in the transaction convertible at a price lower of AUD 4.5, the price per share offered for sale to the public in an IPO, the price per share of the company based on the pre-money valuation of the company in connection with a liquidation event including a sale or merger, and the lowest price per share of the company issued in any equity financing round after issuance of the note and prior to conversion. The notes have a maturity date of 3 years from the date of issuance. Funds managed by returning investor True Global Ventures invested $17,200,000(AUD 24,861,808.8) in the transaction. The round is raised at a post-money valuation of $5,600,000,000(AUD 8,094,545,454). The company has raised $800,000,000(AUD 1156,363,200) in funding till date.

Positive

Aktis Oncology, Inc. announced that it has received $84 million in funding from a group of investors

2022-08-25 00:00:00

On August 25, 2022, Aktis Oncology, Inc. closed the transaction. The company has amended the terms of the transaction. The company has received $84,000,000 in the transaction. The company has received $12,000,000 in its second tranche closing. The transaction included participation from new investors CHI Advisors LLC, MRL Ventures Fund, a fund managed by Merck Global Health Innovation Fund, LLC, ArrowMark Colorado Holdings, LLC, Mirae Asset Venture Investment Co., Ltd., Pappas Capital, LLC, NS Investment Co., Ltd., returning investors Bristol-Myers Squibb Company, MPM Asset Management, L.L.C., Novartis AG, Octagon Capital Partners, EcoR1 Capital, LLC, TCG Crossover Management, LLC, Vida Ventures Advisors, LLC and and other undisclosed participants. As part of the transaction. As part of the transaction Kevin Raidy of Cowen Healthcare Investments and Jason Ruth of MRL Ventures Fund, a fund managed by Merck Global Health Innovation Fund, LLC will be joining company's board of directors as observers. The company has raised over $161 million in funding till date.

Positive

Avelos Therapeutics Inc. announced that it has received $8 million in funding from UTC Investment Co., Ltd., Mirae Asset Venture Investment Co., Ltd., SV Investment Corporation, Quad Investment Management Corp., Mirae Asset Capital Co,Ltd., Investment Arm

2022-08-22 00:00:00

Avelos Therapeutics Inc. announced that it has raised $8 million in a round of funding on August 22, 2022. The Transaction included the participation from SV Investment Corporation, UTC Investment Co., Ltd., Quad Investment Management Corp., Mirae Asset Venture Investment Co., Ltd., Mirae Asset Capital Co,Ltd., Investment Arm and Timepolio Asset Management.

Positive

Greenizon Agritech Consultancy Private Limited announced that it expects to receive funding

2022-07-28 00:00:00

Greenizon Agritech Consultancy Private Limited announced that it expects to receive funding in a round of funding on July 28, 2022. The company will issue compulsory cumulative preference shares. As of same date, the company issued 5,266 compulsory cumulative preference shares at an issue price of INR 2,70,133 per share for gross proceeds of INR 142 1,422,520,378 in its first tranche. The tranche was led by returning investor Blume Venture Advisors Pvt. Ltd. for INR 312 million and included participation from new investors, Mirae Asset Venture Investment Co., Ltd. for INR 237 million, Unitary Fund for INR 195 million, Cephalopod Teknik Fund for 134 million, GMO for INR 155.8 million, Yara Growth Ventures for INR 155.8 million, DG Lab No. 1 Fund, a fund managed by DG Daiwa Ventures Inc. for INR 155.8 million and individuals collectively invested INR 77.1 million, existing investor, Arkam Ventures and Snow Leopard Technology Ventures. The company has received 3,985,000,000 in a mix of equity and debt in its first tranche. The post money valuation of the company is around $180-$190 million post allotment.

Positive

Animoca Brands Corporation Limited announced that it has received AUD 604.847579 million in funding from a group of investors

2022-07-12 00:00:00

On July 12, 2022, Animoca Brands Corporation Limited closed the transaction. The company has amended the terms of the transaction. The company has entered into subscription agreements for an issue of 23,237,058 common shares at an issue price of AUD 4.50 per share for gross proceeds of AUD 104,566,761 in its second tranche closing. The company has received AUD 604,847,578.5 in funding in the transaction. The transaction included participation from returning investors, Liberty City Ventures, Kingsway Capital Partners Limited, and 10T Holdings, LLC, and other investors, Alpha Wave Global, LP, SG Spring Limited Partnership Fund, Generation Highway Ltd, Cosmic Summit Investments Limited, and others. The round is raised at a post-money valuation of $5,900,000,000 (AUD 8,706,040,000). The company has now a total of 1,836,142,334 fully paid ordinary shares on issue.

Positive

Rebellions Inc announced that it has received KRW 92 billion in funding from a group of investors

2022-07-05 00:00:00

On July 5, 2022, Rebellions Inc closed the transaction. The company has amended the terms of the transaction. The company has received KRW 30,000,000,000 in its second and last tranche from new investor, KT Corporation. The company has received KRW 92,000,000,000 in the transaction. The company has received KRW 135,038,080,000 ($102,800,000) in funding till date.

Positive

OnboardIQ, Inc. announced that it has received $185 million in funding from a group of investors

2022-06-15 00:00:00

On June 15, 2022, OnboardIQ Inc. closed the transaction. The company announced it has amended the terms of the transaction and has now raised $185 million in the transaction. The company received $100 million in its final tranche led by B Capital Group Management, L.P. along with SoftBank Investment Advisers (UK) Limited, Mirae Asset Venture Investment Co., Ltd., DCM Ventures Inc., Origin Ventures Group, LLC, Commerce Ventures Management, LLC, SemperVirens VC, Uncork Capital and others.

Positive

Appota Corp. announced that it has received funding from Mirae Asset Venture Investment Co., Ltd., and other investors

2022-06-08 00:00:00

Appota Corp. announced that it has received investment in a round of funding led by returning investor Mirae Asset Venture Investment Co., Ltd. on June 8, 2022. The transaction also included participation from other strategic partners.

Positive

Rebellions Inc announced that it expects to receive funding from a group of investors

2022-06-02 00:00:00

Rebellions Inc announced that it will receive Series A round of funding on June 2, 2022. On the same day, the company has received KRW 62,000,000,000 in its first tranche from new investors Pavilion Capital Fund Holdings Pte. Ltd, Korea Development Bank, Investment Arm, SV Investment Corporation, Mirae Asset Capital Co,Ltd., Investment Arm, Mirae Asset Venture Investment Co., Ltd., IMM Investment Corp., KB Investment Co., Ltd., KT Investment Inc., returning investors Kakao Ventures Corp., GU Equity Partners LLC,and Seoul Techno Holdings, Inc.. The round was oversubscribed. The company has raised a funding till date of KRW 100,000,000,000. The company raised the funding at a post-money valuation of KRW 325,000,000,000. The company intended to raise KRW 4,966,644,400,000 ($40,000,000) initially.

Positive

Nextbillion.AI Pte. Ltd. announced that it has received $21 million in funding from M12, Mirae Asset Venture Investment Co., Ltd., Alpha Wave Global, LP, Lightspeed Ventures, LLC

2022-05-23 00:00:00

Nextbillion.AI Pte. Ltd. announced that it has received $21 million in series B round of funding led by new investor Mirae Asset Venture Investment Co., Ltd. on May 23, 2022. The transaction included participation from returning investors M12, Alpha Wave Global, LP, and Lightspeed Ventures, LLC.

Positive

Oasis Pro, Inc. announced that it has received $27 million in funding from Mirae Asset Venture Investment Co., Ltd., Gate Ventures, Ledgerprime, LLC, Stable Node, Ava Labs, Inc., Investment Arm, Redwood Trust, Inc., UDHC Finance, Inveniam Capital Partners, Inc., and other investors

2022-05-12 00:00:00

On May 12, 2022, Oasis Pro, Inc. closed the transaction. The company received more than $27,000,000 in a round of funding led by returning investor UDHC. The transaction also included participation from new investors Mirae Asset Venture Investment Co., Ltd., Gate Ventures, Ledgerprime, LLC, Stable Node, Blizzard the Avalanche Fund, a fund managed by Ava Labs, Inc., Investment Arm, Inveniam Capital Partners, Inc., and TrustLabs. The company received $24,154,994 from 15 investors pursuant to Regulation D.

Positive

Rael Inc. announced that it has received $35 million in funding from a group of investors

2022-04-11 00:00:00

On April 11, 2022, Rael Inc. closed the transaction. The transaction included participation from total 11 investors. The was co-led by Colopl Next, Inc. and Signite Partners Co., Ltd. The transaction included participation from Aarden Partners Limited, ST Capital, existing investors, Mirae Asset Venture Investment Co., Ltd. and Unilever Ventures Limited.

Positive

Oasis Pro, Inc. announced that it expects to receive $23.001 million in funding

2022-01-12 00:00:00

Oasis Pro, Inc. announced that it will issue 4,675,000 series A preferred shares at issue price of $4.92 per share for the gross proceeds $23,001,000 in funding on January 12, 2022. The shares are convertible, non-redeemable and non-cumulative. The shares carry non-cumulative fixed dividend rate of 6% per annum. The shares will be convertible in common shares at a fixed conversion price of $4.92 per share.

Positive

Mirae Asset Venture Investment Co., Ltd., 1.05 : 1, Stock Split or Significant Stock Dividend, Dec-29-2021

2021-12-20 00:00:00

Mirae Asset Venture Investment Co., Ltd., 1.05 : 1, Stock Split or Significant Stock Dividend, Dec-29-2021

Positive

CHEQUER, Inc announced that it has received $17.75 million in funding from a group of investors

2021-12-14 00:00:00

CHEQUER, Inc announced that it has received $17.75 million in oversubscribed Preferred Series Seed round of funding co-led by new investors Murex Partners LLC and Atinum Investment Co., Ltd on December 14, 2021. The transaction also included participation from new investors KB Asset Management Co., Ltd., Mirae Asset Capital Co., Ltd,Mirae Asset Venture Investment Co., Ltd., Primer Sazze Partners and returning investors Y Combinator Management LLC, Kakao Investment. As part of the transaction Cheuk Kim from Atinum Investment Co., Ltd and from Primer Sazze Partners will join company's boar of directors.

Positive

Mirae Asset Venture Investment Co., Ltd., 155. (KRW), Cash Dividend, Dec-29-2021

2021-11-24 00:00:00

Mirae Asset Venture Investment Co., Ltd., 155. (KRW), Cash Dividend, Dec-29-2021

Positive

Omnious Co., Ltd. announced that it has received KRW 10 billion in funding from Quantum Ventures Korea, Mirae Asset Venture Investment Co., Ltd., NH Investment & Securities Co., Ltd., Investment Arm

2021-11-12 00:00:00

Omnious Co., Ltd. announced that it has received KRW 10,000,000,000 in a round of funding on November 12, 2021. The transaction included participation from Quantum Ventures Korea, NH Investment & Securities Co., Ltd., Investment Arm, and Mirae Asset Venture Investment Co., Ltd.

Positive

Tiki Corporation announced that it has received $258 million in funding from a group of investors

2021-11-08 00:00:00

On November 8, 2021, Tiki Corporation closed the transaction. The company received $178 million in its third tranche and bringing the total series E round of funding to $258 million in the transaction. The transaction also included participation from new investors, Yuanta Financial Holding Co., Ltd which invested $18 million, UBS Investment Bank, Investment Arm, Mirae Asset Venture Investment Co., Ltd., appWorks Ventures Co., Ltd., existing investor, STIC Investments, Inc. and among others.

Positive

Baekdu Technologies Inc. announced that it has received $1 million in funding from Mirae Asset Venture Investment Co., Ltd.

2021-11-05 00:00:00

Baekdu Technologies Inc. announced that it has received $1 million in its pre-series A round of funding from Mirae Asset Venture Investment Co., Ltd. on November 5, 2021.

Positive

OnboardIQ, Inc. announced that it expects to receive $85 million in funding from a group of investors

2021-11-04 00:00:00

OnboardIQ Inc. announced that it has received $85 million in a round of funding led by new investor SoftBank Vision Fund 2, a fund managed by SoftBank Investment Advisers (UK) Limited on November 4, 2021. The transaction included participation from new investors B Capital Group Management, L.P., Mirae Asset Venture Investment Co., Ltd., returning investors DCM Ventures Inc., Origin Ventures Group, LLC, Commerce Ventures Management, LLC, SemperVirens VC and Uncork Capital. The company has raised $119 million in funding till date.

Positive

LN Robotics Inc. announced that it has received KRW 8.9 billion in funding from Hanwha Investment & Securities Co., Ltd., Mirae Asset Venture Investment Co., Ltd, and other investors

2021-10-22 00:00:00

LN Robotics Inc announced that it has raised KRW 8.9 billion in series A round of funding on October 22, 2021. The transaction included participation from Mirae Asset Venture Investment Co., Ltd, DHK Mirae Asset Capital, Stick Ventures and Hanwha Investment & Securities Co., Ltd.

Positive

S2W INC. announced that it has received KRW 12 billion in funding from LB Investment Inc., MAGELLAN Technology Investment, Co., Ltd., YG Investment Inc., Mirae Asset Venture Investment Co., Ltd., Lotte Ventures, Sumitomo Mitsui DS Asset Management Company, Limited

2021-09-30 00:00:00

S2W Inc. announced that it has received KRW 12 billion in Series B round of funding led by LB Investment Inc. on September 30, 2021. The transaction included participation from KDB Development Bank, MAGELLAN Technology Investment, Co., Ltd., YG Investment Inc., Mirae Asset Venture Investment Co., Ltd., Lotte Ventures and Sumitomo Mitsui DS Asset Management Company, Limited.

Fundamental Summary

Mirae Asset Venture's financial reports for Q4 showed some exciting results. Company's strong results conveyed remarkable strength in terms of value, growth, and income factors. These encouraging results suggest a bright future for Mirae Asset Venture's stock. Therefore, Mirae Asset Venture earned a score of 91 and a STRONG BUY recommendation.

Business Description

Mirae Asset Venture is engaged in the business of investing in growth-stage companies in South Korea. The company invests in various companies, including biotechnology, ICT, game, and semiconductor, as well as eco-friendly food, renewable energy, education, entertainment, and leisure. It also provides management, consulting, M&A, and restructuring services. Mirae Asset Venture was founded in 1999 and is headquartered in Seongnam-si, South Korea. Mirae Asset Venture operates as a subsidiary of Mirae Asset Daewoo Co., Ltd.

Sector Overview

Mirae Asset Venture is included in the Capital Markets according to GICS (global industry classification standard). The Capital Markets industry is part of the Financials sector. It includes companies that engage in Diversified Capital Markets, Investment Banking & Brokerage, Asset Management & Custody Banks. Mirae Asset Venture's industry and sector affiliation are expected to positively boost their relative likelihood to overperform the market looking forward, as they should benefit significantly from the macroeconomic environment we see now.

Fundamental Highlights


Parameter Value Change Score
Assets 861.7B 21.6% 88
Liabilities 615.8B 25.7% 96
Price to Book 1.6 -17.9% 95
Cash & Equivalents 71.6B -9.0% 54
Equity 245.5B 12.4% 80
EBITDA nan 0.0% 74
Total Revenues 274.3B 20.1% 40
Parameter Value Change Score
Return on Equity 38.0 18.2% 85
Net Cashflow 6.1B -45.6% 47
Capital Expenditure -188.1M 66.9% 96
Asset Turnover 0.4 1.4% 85
Free Cashflow Per Share -2.1K -71.7% 92
* All values are TTM

The below chart reflects Mirae Asset Venture's birds-eye view on its performance with respect to its peers, the company's fillings as reported or to a similar industry, market cap, and country of origin. While Mirae Asset Venture's peer average final assessment score stands on 70, Mirae Asset Venture's score is 91.

  •  A100790
  •  Peers average
Name Market Cap Balance Sheet Income Statement Cash Flow Rating Final Assessment mc_sort Hidden
Daou Data Corp. 524.7B 75 43 86
Hold
71
71 0 1
Woori Technology Investment Co., Ltd 354.7B 49 61 62
Underperform
51
51 1 1
Korea Ratings Co., Ltd. 306.9B 80 60 83
Hold
72
72 2 1
EBEST Investment & Securities Co., Ltd. 287.3B 80 52 47
Hold
67
67 3 1
Aju IB Investment Co., Ltd. 271.3B 54 58 59
Underperform
52
52 4 1
COOCON Corporation 253.3B 82 63 81
Buy
79
79 5 1
SBI Investment KOREA Co., Ltd. 167.6B 53 58 80
Underperform
54
54 6 1
Atinum Investment Co., Ltd 126.4B 61 77 60
Hold
64
64 7 1
SCI Information Service Inc. 115.7B 88 54 80
Hold
75
75 8 1
SV Investment Corporation 113.4B 77 65 57
Hold
69
69 9 1
M-Venture Investment, Inc. 106.3B 83 99 49
Buy
86
86 10 1
DSC Investment Inc. 101.1B 83 90 58
Buy
84
84 11 1
Daesung Private Equity, Inc. 93.2B 88 97 49
Strong Buy
90
90 12 1
Globon Co., Ltd. 81.5B 47 87 68
Hold
62
62 13 1
Company K Partners Limited 75.2B 93 91 50
Strong Buy
90
90 14 1
T.S. Investment Corporation 66.5B 84 95 37
Buy
83
83 15 1
NAU IB Capital 61.0B 80 55 79
Hold
70
70 16 1
Leaders Technology Investment Co.,Ltd 50.1B 47 51 66
Underperform
44
44 17 1
Lindeman Asia Investment Co., Ltd. 44.6B 81 44 77
Hold
65
65 18 1
KB Global Star Game & Apps Special Purpose Acquisition Company 26.5B 59 66 58
Hold
60
60 19 1
KB No.20 Special Purpose Acquisition Company 14.5B 69 44 73
Underperform
57
57 20 1
Mirae Asset Daewoo Special Purpose Acquisition Company 3 Co., Ltd. 13.7B 69 66 67
Hold
67
67 21 1
Sk No.6 Special Purpose Acquisition Co., Ltd. 11.5B 62 53 86
Hold
62
62 22 1
Mirae Asset Securities Co. Ltd. 3.3T 89 52 87
Buy
85
85 23 1
Korea Investment Holdings Co., Ltd. 2.8T 63 52 62
Underperform
57
57 24 1
Samsung Securities Co., Ltd. 2.8T 77 50 87
Hold
75
75 25 1
NH Investment & Securities Co., Ltd. 2.7T 76 50 84
Hold
73
73 26 1
Meritz Securities Co., Ltd. 2.1T 95 56 74
Strong Buy
87
87 27 1
Kiwoom Securities Co., Ltd. 2.1T 50 53 83
Underperform
55
55 28 1
Daishin Securities Co., Ltd. 892.4B 89 48 68
Hold
77
77 29 1
Daou Technology Inc. 741.3B 76 42 87
Hold
71
71 30 1
Woori Investment Bank Co.,Ltd. 642.5B 74 60 82
Hold
76
76 31 1
Hanwha Investment & Securities Co., Ltd. 550.5B 69 48 77
Hold
65
65 32 1
Yuanta Securities Korea Co., Ltd. 505.7B 80 48 74
Hold
72
72 33 1
Shinyoung Securities Co., Ltd. 435.9B 98 47 79
Strong Buy
87
87 34 1
Kyobo Securities Co ., Ltd 360.4B 80 49 77
Hold
74
74 35 1
Hyundai Motor Securities Co., Ltd. 306.3B 69 51 70
Hold
65
65 36 1
SK Securities Co., Ltd. 264.9B 90 49 65
Hold
71
71 37 1
Daol Investment & Securities Co., Ltd. 216.7B 82 59 63
Hold
70
70 38 1
Eugene Investment & Securities Co.,Ltd. 209.3B 83 57 53
Hold
68
68 39 1
STIC Investments, Inc. 206.3B 79 48 88
Hold
67
67 40 1
BOOKOOK Securities Co., Ltd. 181.0B 85 53 71
Hold
70
70 41 1
DB Financial Investment Co., Ltd. 177.4B 80 51 63
Hold
65
65 42 1
Hanyang Securities Co. Ltd. 114.6B 76 58 72
Hold
68
68 43 1
Yuhwa Securities co.,ltd. 106.6B 65 64 74
Hold
64
64 44 1
Sangsangin Investment & Securities Co.,Ltd. 93.4B 79 41 72
Hold
61
61 45 1

Macro Environment

Neutral
63

Typically, the stock market in South Korea will react to recent economic events, as well as be influenced by the sentiment in other major economies around the world, such as the United States, European Union, and China. Our assessment is that these two events may influence global market sentiment. On the negative side we have the tensions between Taiwan and China, and on the positive side we have the end of Covid-19 pandemic.

Positive End of covid-19 pandemic

The World Health Organization issued six policy briefs outlining essential steps governments could take to stop the pandemic. The briefings, which are based on evidence and experience from the previous 32 months, provide guidance on how to save lives, protect health systems, and minimize social and economic disruption.

Negative Tensions between taiwan and china

The tensions between Taiwan and China have spiked following Nancy Pelosi's visit to Taipei. China staged war games near Taiwan to express its anger at what it saw as stepped-up U.S. support for the island Beijing views as sovereign Chinese territory. Because Taiwan produces the majority of the world's semiconductors, which are used in every electronic device today, a war between China and Taiwan might be catastrophic for the global economy.

Besides the events we mentioned, there are also specific events related to the Diversified Financials industry of which Mirae Asset Venture Investment Co., Ltd. is a part. As a result, we believe that the rising interest rate is a positive event that will continue to support the industry in the future, whereas the rising inflation may cloud the sector's shares.

Positive Rising interest rate

From a historical point of view, the finance sector functions well when interest rates are rising, mainly due to the increase in loan repayments from lenders. Also, insurers often reinvest policyholder premiums into bond instruments, allowing them to profit when Treasury yields increase.

Negative Rising inflation

The sudden increase in inflation is generally regarded as the most painful since it takes companies several quarters to pass on higher input costs to consumers. Historically, companies traded in the Diversified Financials industry have been hit by high inflation times due to increased operating expenses and decreased revenues.

In considering the current macro environment and the risks that might affect Mirae Asset Venture Investment Co., Ltd. stock, we came to the conclusion that recent events aren't likely to affect the company's performance in the short term, and thus rated Mirae Asset Venture Investment Co., Ltd. macro environment with the score of 63.

Technical Analysis

When trying to optimize the timing of an investment, it's critical to analyze whether the stock looks overbought or oversold, and in which direction the momentum is moving. Mirae Asset Venture's stock is now priced below its 5-day, 50-day, and 200-day moving average, while its MACD (moving average convergence divergence) indicates that the stock's price movement momentum is weakening. Historically, this is a negative setup in the near, medium, and long-term. The company is trading near it's 12-month low, which signals it struggle to keep above it support price. Meanwhile, looking at the Stochastic Oscillator and RSI (relative strength index), Mirae Asset Venture's stock appears overbought. Overall, these technical indicators signal negative momentum. Therefore, this stock received a cumulative TA (technical analysis) score of 31.

Bearish 31
Close Price 4600.0
52W Low 4600.0
52W High 11300.0
5D MA 4949.0
50D MA 5890.7
200D MA 7593.05
MACD -310.2
RSI 99.37
STOCH 0.0

Balance Sheet Analysis

Mirae Asset Venture appears likely to maintain its strong balance sheet metrics and momentum going forward. Mirae Asset Venture has done an excellent job managing its liabilities. Mirae Asset Venture's liabilities stood at 615.8B in the current filing, which represents a 25.7% change from the previous report. These numbers show that management has successfully encouraged growth while managing liabilities, especially relative to their peers. These results statistically lead to positive movement in stock prices, so we rated its liabilities movement component 96. Also, Mirae Asset Venture publishes solid book value factor metrics in this report. Price to book ratio (P/B) now sits at 1.6 and represents a -17.9% change from the previous report. The company's book value factor metrics are even more remarkable when compared to their peers. Consequently, their book value factors movement received a grade of 95. That said, one metric, Cash & Equivalents, stood out as strongly negative. Mirae Asset Venture's management did a relatively poor job managing cash and cash equivalents, which now sit at 71.6B and represents a -9.0% change from the last reporting period. Their anemic growth in cash and cash equivalents, specifically in contrast to their industry peers' performance, should hurt their stock price. Discouraging results like these statistically lead to negative pressure in stock prices, so we rated their cash and cash equivalents with a score of 54. Therefore, it received a score of 93.

Parameter Value Change Score
Assets 861.7B 21.6% 88
Liabilities 615.8B 25.7% 96
Price to Book 1.6 -17.9% 95
Cash & Equivalents 71.6B -9.0% 54
Equity 245.5B 12.4% 80
* All values are TTM

The below chart describes Mirae Asset Venture's performance as reflected on its balance sheet with respect to its peers. While Mirae Asset Venture received a balance sheet score of 93, the average of its peers stands on 76.

  •  A100790
  •  Peers average
Name Market Cap Liabilities Movement Asset Change Equity/Intangibles Adjustments Cash & Equivalents Book Value Momentum Balance Sheet mc_sort Hidden
Daou Data Corp. 524.7B 50.0 81.0 67.0 65.0 81.0 75 0 1
Woori Technology Investment Co., Ltd 354.7B 44.0 92.0 69.0 72.0 42.0 49 1 1
Korea Ratings Co., Ltd. 306.9B 40.0 66.0 60.0 67.0 87.0 80 2 1
EBEST Investment & Securities Co., Ltd. 287.3B 43.0 65.0 63.0 82.0 86.0 80 3 1
Aju IB Investment Co., Ltd. 271.3B 62.0 85.0 84.0 54.0 47.0 54 4 1
COOCON Corporation 253.3B 85.0 63.0 83.0 74.0 75.0 82 5 1
SBI Investment KOREA Co., Ltd. 167.6B 37.0 52.0 77.0 37.0 59.0 53 6 1
Atinum Investment Co., Ltd 126.4B 50.0 77.0 74.0 39.0 59.0 61 7 1
SCI Information Service Inc. 115.7B 88.0 50.0 60.0 95.0 87.0 88 8 1
SV Investment Corporation 113.4B 91.0 81.0 65.0 44.0 73.0 77 9 1
M-Venture Investment, Inc. 106.3B 94.0 49.0 41.0 92.0 85.0 83 10 1
DSC Investment Inc. 101.1B 64.0 75.0 59.0 59.0 87.0 83 11 1
Daesung Private Equity, Inc. 93.2B 92.0 55.0 62.0 83.0 84.0 88 12 1
Globon Co., Ltd. 81.5B 80.0 79.0 63.0 50.0 39.0 47 13 1
Company K Partners Limited 75.2B 95.0 51.0 61.0 97.0 88.0 93 14 1
T.S. Investment Corporation 66.5B 95.0 76.0 43.0 56.0 86.0 84 15 1
NAU IB Capital 61.0B 51.0 68.0 79.0 81.0 78.0 80 16 1
Leaders Technology Investment Co.,Ltd 50.1B 39.0 44.0 79.0 95.0 42.0 47 17 1
Lindeman Asia Investment Co., Ltd. 44.6B 60.0 45.0 81.0 97.0 78.0 81 18 1
KB Global Star Game & Apps Special Purpose Acquisition Company 26.5B 59.0 50.0 82.0 41.0 60.0 59 19 1
KB No.20 Special Purpose Acquisition Company 14.5B 48.0 79.0 69.0 58.0 69.0 69 20 1
Mirae Asset Daewoo Special Purpose Acquisition Company 3 Co., Ltd. 13.7B 77.0 69.0 71.0 65.0 64.0 69 21 1
Sk No.6 Special Purpose Acquisition Co., Ltd. 11.5B 48.0 68.0 72.0 64.0 61.0 62 22 1
Mirae Asset Securities Co. Ltd. 3.3T 51.0 79.0 95.0 89.0 88.0 89 23 1
Korea Investment Holdings Co., Ltd. 2.8T 69.0 64.0 81.0 94.0 48.0 63 24 1
Samsung Securities Co., Ltd. 2.8T 49.0 83.0 67.0 65.0 83.0 77 25 1
NH Investment & Securities Co., Ltd. 2.7T 48.0 84.0 66.0 53.0 85.0 76 26 1
Meritz Securities Co., Ltd. 2.1T 78.0 59.0 93.0 85.0 91.0 95 27 1
Kiwoom Securities Co., Ltd. 2.1T 49.0 81.0 39.0 81.0 46.0 50 28 1
Daishin Securities Co., Ltd. 892.4B 58.0 73.0 90.0 87.0 89.0 89 29 1
Daou Technology Inc. 741.3B 50.0 82.0 83.0 64.0 79.0 76 30 1
Woori Investment Bank Co.,Ltd. 642.5B 48.0 78.0 66.0 43.0 85.0 74 31 1
Hanwha Investment & Securities Co., Ltd. 550.5B 80.0 56.0 68.0 94.0 56.0 69 32 1
Yuanta Securities Korea Co., Ltd. 505.7B 49.0 77.0 43.0 72.0 91.0 80 33 1
Shinyoung Securities Co., Ltd. 435.9B 80.0 59.0 88.0 83.0 96.0 98 34 1
Kyobo Securities Co ., Ltd 360.4B 70.0 61.0 66.0 53.0 85.0 80 35 1
Hyundai Motor Securities Co., Ltd. 306.3B 45.0 66.0 47.0 86.0 74.0 69 36 1
SK Securities Co., Ltd. 264.9B 63.0 61.0 82.0 92.0 86.0 90 37 1
Daol Investment & Securities Co., Ltd. 216.7B 61.0 60.0 61.0 87.0 84.0 82 38 1
Eugene Investment & Securities Co.,Ltd. 209.3B 69.0 63.0 61.0 88.0 83.0 83 39 1
STIC Investments, Inc. 206.3B 41.0 39.0 88.0 98.0 78.0 79 40 1
BOOKOOK Securities Co., Ltd. 181.0B 91.0 50.0 61.0 69.0 85.0 85 41 1
DB Financial Investment Co., Ltd. 177.4B 48.0 68.0 80.0 65.0 80.0 80 42 1
Hanyang Securities Co. Ltd. 114.6B 90.0 56.0 66.0 73.0 72.0 76 43 1
Yuhwa Securities co.,ltd. 106.6B 66.0 68.0 72.0 79.0 60.0 65 44 1
Sangsangin Investment & Securities Co.,Ltd. 93.4B 54.0 76.0 41.0 69.0 87.0 79 45 1

Income Statement Analysis

Overall, Mirae Asset Venture's critical income statement metrics appear to strongly support positive growth going forward. Mirae Asset Venture's reported return on equity (ROE) ratio was 38.0, representing a change of 18.2%. Its return factor metrics are even more remarkable when compared to their peers. Therefore, its return factors component earned a score of 85. That said, one metric, Revenue Efficiency, stood out as particularly concerning. Mirae Asset Venture reported discouraging numbers for its revenue efficiency. As of the current filing, they were reported as 274.3B and represented 20.1% change from the previous period. This metric might have a 1.4 percent impact on companies in the same industry and with the same market capitalization. Their revenue efficiency does not make a compelling case for upward pressure on the company's stock price. As a result, their revenue efficiency earned a score of 40. Therefore, their income statement earned a grade of 80.

Parameter Value Change Score
EBITDA nan 0.0% 74
Total Revenues 274.3B 20.1% 40
Return on Equity 38.0 18.2% 85
* All values are TTM

The below chart describes Mirae Asset Venture's performance as reflected on its income statement with respect to its peers. While Mirae Asset Venture received a income statement score of 80 , the average of its peers stands on 58.

  •  A100790
  •  Peers average
Name Market Cap Revenue Momentum Earning Movement Return Factors Momentum Income Statement mc_sort Hidden
Daou Data Corp. 524.7B 39.0 54.0 48.0 43 0 1
Woori Technology Investment Co., Ltd 354.7B 97.0 65.0 52.0 61 1 1
Korea Ratings Co., Ltd. 306.9B 68.0 64.0 56.0 60 2 1
EBEST Investment & Securities Co., Ltd. 287.3B 95.0 63.0 52.0 52 3 1
Aju IB Investment Co., Ltd. 271.3B 97.0 64.0 46.0 58 4 1
COOCON Corporation 253.3B 56.0 74.0 49.0 63 5 1
SBI Investment KOREA Co., Ltd. 167.6B 43.0 75.0 46.0 58 6 1
Atinum Investment Co., Ltd 126.4B 90.0 78.0 66.0 77 7 1
SCI Information Service Inc. 115.7B 48.0 64.0 49.0 54 8 1
SV Investment Corporation 113.4B 87.0 53.0 79.0 65 9 1
M-Venture Investment, Inc. 106.3B 98.0 88.0 99.0 99 10 1
DSC Investment Inc. 101.1B 94.0 82.0 88.0 90 11 1
Daesung Private Equity, Inc. 93.2B 96.0 83.0 98.0 97 12 1
Globon Co., Ltd. 81.5B 98.0 71.0 93.0 87 13 1
Company K Partners Limited 75.2B 93.0 80.0 91.0 91 14 1
T.S. Investment Corporation 66.5B 97.0 86.0 93.0 95 15 1
NAU IB Capital 61.0B 70.0 60.0 51.0 55 16 1
Leaders Technology Investment Co.,Ltd 50.1B 44.0 51.0 61.0 51 17 1
Lindeman Asia Investment Co., Ltd. 44.6B 39.0 54.0 42.0 44 18 1
KB Global Star Game & Apps Special Purpose Acquisition Company 26.5B 84.0 63.0 62.0 66 19 1
KB No.20 Special Purpose Acquisition Company 14.5B 54.0 57.0 39.0 44 20 1
Mirae Asset Daewoo Special Purpose Acquisition Company 3 Co., Ltd. 13.7B 54.0 67.0 69.0 66 21 1
Sk No.6 Special Purpose Acquisition Co., Ltd. 11.5B 53.0 48.0 65.0 53 22 1
Mirae Asset Securities Co. Ltd. 3.3T 38.0 66.0 51.0 52 23 1
Korea Investment Holdings Co., Ltd. 2.8T 40.0 66.0 50.0 52 24 1
Samsung Securities Co., Ltd. 2.8T 39.0 65.0 48.0 50 25 1
NH Investment & Securities Co., Ltd. 2.7T 40.0 65.0 47.0 50 26 1
Meritz Securities Co., Ltd. 2.1T 38.0 68.0 55.0 56 27 1
Kiwoom Securities Co., Ltd. 2.1T 38.0 71.0 47.0 53 28 1
Daishin Securities Co., Ltd. 892.4B 52.0 64.0 43.0 48 29 1
Daou Technology Inc. 741.3B 38.0 52.0 48.0 42 30 1
Woori Investment Bank Co.,Ltd. 642.5B 63.0 67.0 56.0 60 31 1
Hanwha Investment & Securities Co., Ltd. 550.5B 40.0 65.0 45.0 48 32 1
Yuanta Securities Korea Co., Ltd. 505.7B 48.0 65.0 42.0 48 33 1
Shinyoung Securities Co., Ltd. 435.9B 38.0 65.0 42.0 47 34 1
Kyobo Securities Co ., Ltd 360.4B 39.0 65.0 46.0 49 35 1
Hyundai Motor Securities Co., Ltd. 306.3B 53.0 64.0 51.0 51 36 1
SK Securities Co., Ltd. 264.9B 87.0 54.0 43.0 49 37 1
Daol Investment & Securities Co., Ltd. 216.7B 95.0 59.0 55.0 59 38 1
Eugene Investment & Securities Co.,Ltd. 209.3B 91.0 59.0 51.0 57 39 1
STIC Investments, Inc. 206.3B 41.0 54.0 51.0 48 40 1
BOOKOOK Securities Co., Ltd. 181.0B 92.0 55.0 48.0 53 41 1
DB Financial Investment Co., Ltd. 177.4B 90.0 55.0 44.0 51 42 1
Hanyang Securities Co. Ltd. 114.6B 90.0 62.0 51.0 58 43 1
Yuhwa Securities co.,ltd. 106.6B 46.0 60.0 78.0 64 44 1
Sangsangin Investment & Securities Co.,Ltd. 93.4B 41.0 51.0 39.0 41 45 1

Cash Flow Analysis

Our overall assessment of Mirae Asset Venture's cash flow statement look encouraging regarding Mirae Asset Venture's ability to generate cash to support normal operations and positive growth. Mirae Asset Venture's management did a great job this period managing its capital expenditure (CapEx). In terms of the raw numbers, CapEx was reported as -188.1M, which represents a 66.9% change from the last period. This performance is all the more impressive relative to their peers and competitors. The company's CapEx movement, therefore, received a grade of 96. Also, Mirae Asset Venture's published free cash flow numbers were substantial and reflected management's focus on a healthy change strategy. Mirae Asset Venture recorded free cash flow of -2.1K, which represents a -71.7% change from the previous report. Companies in the same industry and market capitalization are typically affected by this parameter by up to 5.7%. The company's free cash flow metrics are especially strong compared to its peers. Management seems to balance cash flow management, asset growth, and resource allocations in general. Therefore, its free cash flow movement earned a score of 92. On the other hand, Net Cash Flow, jumped out as looking rather underwhelming. Mirae Asset Venture's management was not successful in meaningfully improving their cash flow metrics. As of the current filing, they were reported as 6.1B and represented a -45.6% change from the previous period. Their net cash flow momentum should be a cause for concern and could bring negative momentum for Mirae Asset Venture's stock price going forward. Hence, their net cash flow earned a score of 47. Their cash flow, therefore, earned a score of 77.

Parameter Value Change Score
Net Cashflow 6.1B -45.6% 47
Capital Expenditure -188.1M 66.9% 96
Asset Turnover 0.4 1.4% 85
Free Cashflow Per Share -2.1K -71.7% 92
* All values are TTM

The below chart describes Mirae Asset Venture's performance as reflected on its cash flow with respect to its peers. While Mirae Asset Venture received a cash flow score of 77, the average of its peers stands on 70.

  •  A100790
  •  Peers average
Name Market Cap Cashflow Momentum Free Cashflow Growth Capital Expenditure Growth Assets Factors Momentum Cash Flow mc_sort Hidden
Daou Data Corp. 524.7B 82.0 53.0 97.0 96.0 86 0 1
Woori Technology Investment Co., Ltd 354.7B 71.0 57.0 97.0 41.0 62 1 1
Korea Ratings Co., Ltd. 306.9B 71.0 63.0 82.0 89.0 83 2 1
EBEST Investment & Securities Co., Ltd. 287.3B 43.0 94.0 61.0 45.0 47 3 1
Aju IB Investment Co., Ltd. 271.3B 58.0 79.0 81.0 38.0 59 4 1
COOCON Corporation 253.3B 76.0 72.0 85.0 55.0 81 5 1
SBI Investment KOREA Co., Ltd. 167.6B 81.0 43.0 47.0 94.0 80 6 1
Atinum Investment Co., Ltd 126.4B 43.0 94.0 51.0 57.0 60 7 1
SCI Information Service Inc. 115.7B 77.0 48.0 80.0 91.0 80 8 1
SV Investment Corporation 113.4B 50.0 90.0 89.0 45.0 57 9 1
M-Venture Investment, Inc. 106.3B 56.0 85.0 38.0 47.0 49 10 1
DSC Investment Inc. 101.1B 89.0 40.0 43.0 67.0 58 11 1
Daesung Private Equity, Inc. 93.2B 91.0 38.0 67.0 44.0 49 12 1
Globon Co., Ltd. 81.5B 85.0 54.0 54.0 70.0 68 13 1
Company K Partners Limited 75.2B 85.0 47.0 67.0 44.0 50 14 1
T.S. Investment Corporation 66.5B 82.0 47.0 41.0 37.0 37 15 1
NAU IB Capital 61.0B 79.0 48.0 68.0 90.0 79 16 1
Leaders Technology Investment Co.,Ltd 50.1B 81.0 48.0 55.0 73.0 66 17 1
Lindeman Asia Investment Co., Ltd. 44.6B 83.0 41.0 38.0 97.0 77 18 1
KB Global Star Game & Apps Special Purpose Acquisition Company 26.5B 87.0 40.0 90.0 44.0 58 19 1
KB No.20 Special Purpose Acquisition Company 14.5B 46.0 91.0 67.0 69.0 73 20 1
Mirae Asset Daewoo Special Purpose Acquisition Company 3 Co., Ltd. 13.7B 67.0 67.0 67.0 64.0 67 21 1
Sk No.6 Special Purpose Acquisition Co., Ltd. 11.5B 61.0 86.0 69.0 84.0 86 22 1
Mirae Asset Securities Co. Ltd. 3.3T 91.0 43.0 89.0 97.0 87 23 1
Korea Investment Holdings Co., Ltd. 2.8T 77.0 58.0 41.0 70.0 62 24 1
Samsung Securities Co., Ltd. 2.8T 87.0 50.0 92.0 95.0 87 25 1
NH Investment & Securities Co., Ltd. 2.7T 88.0 38.0 92.0 97.0 84 26 1
Meritz Securities Co., Ltd. 2.1T 93.0 39.0 37.0 98.0 74 27 1
Kiwoom Securities Co., Ltd. 2.1T 79.0 54.0 89.0 96.0 83 28 1
Daishin Securities Co., Ltd. 892.4B 76.0 61.0 37.0 91.0 68 29 1
Daou Technology Inc. 741.3B 82.0 54.0 97.0 96.0 87 30 1
Woori Investment Bank Co.,Ltd. 642.5B 86.0 41.0 94.0 91.0 82 31 1
Hanwha Investment & Securities Co., Ltd. 550.5B 85.0 47.0 60.0 96.0 77 32 1
Yuanta Securities Korea Co., Ltd. 505.7B 90.0 44.0 46.0 92.0 74 33 1
Shinyoung Securities Co., Ltd. 435.9B 61.0 82.0 84.0 94.0 79 34 1
Kyobo Securities Co ., Ltd 360.4B 95.0 39.0 44.0 96.0 77 35 1
Hyundai Motor Securities Co., Ltd. 306.3B 89.0 42.0 43.0 95.0 70 36 1
SK Securities Co., Ltd. 264.9B 80.0 46.0 82.0 68.0 65 37 1
Daol Investment & Securities Co., Ltd. 216.7B 84.0 41.0 87.0 65.0 63 38 1
Eugene Investment & Securities Co.,Ltd. 209.3B 44.0 96.0 54.0 49.0 53 39 1
STIC Investments, Inc. 206.3B 37.0 95.0 85.0 96.0 88 40 1
BOOKOOK Securities Co., Ltd. 181.0B 45.0 94.0 89.0 66.0 71 41 1
DB Financial Investment Co., Ltd. 177.4B 44.0 98.0 41.0 66.0 63 42 1
Hanyang Securities Co. Ltd. 114.6B 59.0 77.0 84.0 65.0 72 43 1
Yuhwa Securities co.,ltd. 106.6B 91.0 38.0 89.0 71.0 74 44 1
Sangsangin Investment & Securities Co.,Ltd. 93.4B 82.0 44.0 89.0 76.0 72 45 1

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