- The market values Woori Financial at 0.35 times P/B and 4.4 times consensus forward FY 2021 P/E, and the stock offers a forward FY 2021 dividend yield of 5.8%.
- Woori Financial is not as good as its peers in areas such as low cost deposits, cost efficiency and capital adequacy.
- On the positive side of things, Woori Financial's dividends are expected to grow significantly this year, and the company continues to diversify beyond its core banking business.
- Woori Financial is cheap for good reasons, which points to a Neutral rating.
For further details see:
Woori Financial: Cheap For Good Reasons