Meritz Financial Group: A Pioneer in Shareholder Value Enhancement

Meritz Financial Group has emerged as a frontrunner in the financial sector, thanks to its aggressive shareholder return policies. Over the past two years, the group has cancelled treasury stocks worth an astounding 2 trillion won, a move that has not only bolstered its stock price but also earned it accolades as an exemplary case at the Value-Up Program’s first anniversary seminar.

Impressive Total Shareholder Return

With a Total Shareholder Return (TSR) of 78.3% last year and a cumulative TSR of 194.4% since 2023, Meritz has demonstrated its commitment to creating value for its investors. The strategic cancellation of 30.86 million treasury shares has played a pivotal role in this achievement, significantly enhancing earnings per share (EPS).

Stock Price Surge Reflects Success

The tangible outcomes of Meritz’s value-up initiatives are evident in its stock performance. The stock price has seen a 7.88% increase this year alone, with a remarkable 175.78% surge since the commencement of the treasury stock cancellations, nearly tripling in value over two years.

Recognition and Philosophy

Meritz’s dedication to shareholder value was recognized with the Financial Services Commission Chairman’s Award. Chairman Cho Jung-ho’s philosophy of "1 share = 1 shareholder" underscores the group’s approach to governance and capital allocation, prioritizing long-term value growth and equitable shareholder returns.