View ValuationKorea District Heating 향후 성장Future 기준 점검 0/6Korea District Heating 의 수익은 연간 7% 감소할 것으로 예상되는 반면, 연간 수익은 1.1% 로 증가할 것으로 예상됩니다. EPS는 연간 7% 만큼 쇠퇴할 것으로 예상됩니다. 자기자본이익률은 3년 후 9.7% 로 예상됩니다.핵심 정보-7.0%이익 성장률-7.05%EPS 성장률Electric Utilities 이익 성장9.4%매출 성장률1.1%향후 자기자본이익률9.68%애널리스트 커버리지Low마지막 업데이트11 May 2026최근 향후 성장 업데이트Major Estimate Revision • May 12Consensus EPS estimates increase by 36%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from ₩3.65b to ₩3.87b. EPS estimate increased from ₩15,988 to ₩21,702 per share. Net income forecast to shrink 23% next year vs 6.3% growth forecast for Electric Utilities industry in South Korea . Consensus price target of ₩127,500 unchanged from last update. Share price fell 3.3% to ₩73,800 over the past week.Major Estimate Revision • Nov 20Consensus EPS estimates increase by 11%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from ₩16,816 to ₩18,617. Revenue forecast steady at ₩3.69b. Net income forecast to shrink 48% next year vs 11% growth forecast for Electric Utilities industry in South Korea . Consensus price target of ₩78,000 unchanged from last update. Share price rose 7.8% to ₩50,900 over the past week.모든 업데이트 보기Recent updatesMajor Estimate Revision • May 12Consensus EPS estimates increase by 36%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from ₩3.65b to ₩3.87b. EPS estimate increased from ₩15,988 to ₩21,702 per share. Net income forecast to shrink 23% next year vs 6.3% growth forecast for Electric Utilities industry in South Korea . Consensus price target of ₩127,500 unchanged from last update. Share price fell 3.3% to ₩73,800 over the past week.공시 • May 07Korea District Heating Corp. to Report Q1, 2026 Results on May 08, 2026Korea District Heating Corp. announced that they will report Q1, 2026 results on May 08, 2026Valuation Update With 7 Day Price Move • Mar 30Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to ₩75,100, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 13x in the Electric Utilities industry in Asia. Total returns to shareholders of 224% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩43,152 per share.Reported Earnings • Mar 18Full year 2025 earnings: EPS and revenues miss analyst expectationsFull year 2025 results: EPS: ₩28,102 (up from ₩16,850 in FY 2024). Revenue: ₩4.00t (up 12% from FY 2024). Net income: ₩338.9b (up 61% from FY 2024). Profit margin: 8.5% (up from 5.9% in FY 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 2.2%. Earnings per share (EPS) also missed analyst estimates by 3.9%. Revenue is expected to decline by 3.4% p.a. on average during the next 2 years, while revenues in the Electric Utilities industry in Asia are expected to grow by 5.7%. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has only increased by 50% per year, which means it is significantly lagging earnings growth.Declared Dividend • Feb 28Dividend increased to ₩6,157Dividend of ₩6,157 is 59% higher than last year. Ex-date: 27th March 2026 Payment date: 1st January 1970 Dividend yield will be 6.6%, which is higher than the industry average of 4.3%. Sustainability & Growth Dividend is well covered by both earnings (14% earnings payout ratio) and cash flows (18% cash payout ratio). The dividend has increased by an average of 4.7% per year over the past 7 years. However, payments have been volatile during that time. EPS is expected to decline by 49% over the next 2 years. However, it would need to fall by 85% to increase the payout ratio to a potentially unsustainable range.분석 기사 • Feb 14These 4 Measures Indicate That Korea District Heating (KRX:071320) Is Using Debt In A Risky WaySome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Valuation Update With 7 Day Price Move • Feb 12Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to ₩93,100, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 13x in the Electric Utilities industry in Asia. Total returns to shareholders of 240% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩44,046 per share.공시 • Feb 12Korea District Heating Corp., Annual General Meeting, Mar 26, 2026Korea District Heating Corp., Annual General Meeting, Mar 26, 2026, at 10:00 Tokyo Standard Time. Location: conference room, 368, bundang-ro, bundang-gu, gyeonggi-do, seongnam South Korea분석 기사 • Dec 22Korea District Heating Corp.'s (KRX:071320) Share Price Is Matching Sentiment Around Its EarningsWhen close to half the companies in Korea have price-to-earnings ratios (or "P/E's") above 14x, you may consider Korea...Reported Earnings • Nov 14Third quarter 2025 earnings released: EPS: ₩3,928 (vs ₩2,486 in 3Q 2024)Third quarter 2025 results: EPS: ₩3,928 (up from ₩2,486 in 3Q 2024). Revenue: ₩758.2b (up 30% from 3Q 2024). Net income: ₩49.0b (up 51% from 3Q 2024). Profit margin: 6.5% (up from 5.6% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is expected to decline by 1.1% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Asia are expected to grow by 7.4%. Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has only increased by 56% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Nov 11Investor sentiment improves as stock rises 20%After last week's 20% share price gain to ₩112,050, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 14x in the Electric Utilities industry in Asia. Total returns to shareholders of 343% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩63,680 per share.공시 • Nov 05Korea District Heating Corp. to Report Nine Months, 2025 Results on Nov 07, 2025Korea District Heating Corp. announced that they will report nine months, 2025 results on Nov 07, 2025분석 기사 • Oct 28Returns At Korea District Heating (KRX:071320) Are On The Way UpIf we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Amongst other...Valuation Update With 7 Day Price Move • Oct 22Investor sentiment improves as stock rises 18%After last week's 18% share price gain to ₩101,700, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 14x in the Electric Utilities industry in Asia. Total returns to shareholders of 320% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩62,934 per share.분석 기사 • Sep 18Korea District Heating (KRX:071320) Has No Shortage Of DebtDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Reported Earnings • Aug 15Second quarter 2025 earnings released: ₩2,188 loss per share (vs ₩3,054 loss in 2Q 2024)Second quarter 2025 results: ₩2,188 loss per share (improved from ₩3,054 loss in 2Q 2024). Revenue: ₩623.1b (up 17% from 2Q 2024). Net loss: ₩21.6b (loss narrowed 32% from 2Q 2024). Revenue is forecast to stay flat during the next 3 years compared to a 9.1% growth forecast for the Electric Utilities industry in Asia. Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has only increased by 34% per year, which means it is significantly lagging earnings growth.New Risk • Aug 07New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of South Korean stocks, typically moving 8.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (13% operating cash flow to total debt). Earnings are forecast to decline by an average of 11% per year for the foreseeable future. Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.3% average weekly change). Profit margins are more than 30% lower than last year (7.6% net profit margin).공시 • Aug 05Korea District Heating Corp. to Report First Half, 2025 Results on Aug 07, 2025Korea District Heating Corp. announced that they will report first half, 2025 results on Aug 07, 2025분석 기사 • Jul 28The Return Trends At Korea District Heating (KRX:071320) Look PromisingIf we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...Valuation Update With 7 Day Price Move • Jun 25Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ₩87,400, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 13x in the Electric Utilities industry in Asia. Total returns to shareholders of 205% over the past three years.New Risk • May 20New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 11% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (13% operating cash flow to total debt). Earnings are forecast to decline by an average of 11% per year for the foreseeable future. Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (7.6% net profit margin).Valuation Update With 7 Day Price Move • May 15Investor sentiment improves as stock rises 17%After last week's 17% share price gain to ₩63,000, the stock trades at a forward P/E ratio of 2x. Average forward P/E is 14x in the Electric Utilities industry in Asia. Total returns to shareholders of 99% over the past three years.분석 기사 • May 14Korea District Heating Corp.'s (KRX:071320) Share Price Boosted 30% But Its Business Prospects Need A Lift TooDespite an already strong run, Korea District Heating Corp. ( KRX:071320 ) shares have been powering on, with a gain of...분석 기사 • May 14Korea District Heating Corp. (KRX:071320) Stock Catapults 30% Though Its Price And Business Still Lag The MarketDespite an already strong run, Korea District Heating Corp. ( KRX:071320 ) shares have been powering on, with a gain of...분석 기사 • Apr 02Does Korea District Heating (KRX:071320) Have A Healthy Balance Sheet?The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...New Risk • Mar 13New minor risk - Dividend sustainabilityThe company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 7.9% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (11% operating cash flow to total debt). Earnings are forecast to decline by an average of 24% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.분석 기사 • Feb 26Korea District Heating (KRX:071320) Is Experiencing Growth In Returns On CapitalIf we want to find a potential multi-bagger, often there are underlying trends that can provide clues. In a perfect...공시 • Feb 22Korea District Heating Corp., Annual General Meeting, Mar 31, 2025Korea District Heating Corp., Annual General Meeting, Mar 31, 2025, at 10:00 Tokyo Standard Time. Location: conference room, 368, bundang-ro, bundang-gu, gyeonggi-do, seongnam South KoreaNew Risk • Dec 19New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 24% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (11% operating cash flow to total debt). Earnings are forecast to decline by an average of 24% per year for the foreseeable future.New Risk • Dec 16New major risk - Financial data availabilityThe company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. This is currently the only risk that has been identified for the company.New Risk • Dec 07New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 41% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings are forecast to decline by an average of 25% per year for the foreseeable future. High level of non-cash earnings (41% accrual ratio). Minor Risk Less than 3 years of financial data is available.분석 기사 • Nov 29Investors Appear Satisfied With Korea District Heating Corp.'s (KRX:071320) Prospects As Shares Rocket 29%Korea District Heating Corp. ( KRX:071320 ) shareholders would be excited to see that the share price has had a great...Major Estimate Revision • Nov 20Consensus EPS estimates increase by 11%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from ₩16,816 to ₩18,617. Revenue forecast steady at ₩3.69b. Net income forecast to shrink 48% next year vs 11% growth forecast for Electric Utilities industry in South Korea . Consensus price target of ₩78,000 unchanged from last update. Share price rose 7.8% to ₩50,900 over the past week.분석 기사 • Nov 15The Return Trends At Korea District Heating (KRX:071320) Look PromisingIf you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...Buy Or Sell Opportunity • Aug 26Now 22% overvalued after recent price riseOver the last 90 days, the stock has risen 5.0% to ₩48,500. The fair value is estimated to be ₩39,640, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 12% in 2 years. Earnings are forecast to decline by 52% in the next 2 years.분석 기사 • Aug 13We Like These Underlying Return On Capital Trends At Korea District Heating (KRX:071320)If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Amongst other...공시 • Jul 18Samchully Co.,Ltd (KOSE:A004690) acquired remaining 49% stake in Human Community Energy System from Korea District Heating Corp. (KOSE:A071320) for KRW 28.9 billion.Samchully Co.,Ltd (KOSE:A004690) acquired remaining 49% stake in Human Community Energy System from Korea District Heating Corp. (KOSE:A071320) for KRW 28.9 billion on July 16, 2024. Samchully acquired 4.9 million shares for KRW 5910 per share. Samchully Co.,Ltd (KOSE:A004690) completed the acquisition of remaining 49% stake in Human Community Energy System from Korea District Heating Corp. (KOSE:A071320) on July 16, 2024.New Risk • Jul 01New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of South Korean stocks, typically moving 7.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (6.7% operating cash flow to total debt). Earnings are forecast to decline by an average of 23% per year for the foreseeable future. Minor Risk Share price has been volatile over the past 3 months (7.6% average weekly change).New Risk • Jun 11New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 23% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (6.7% operating cash flow to total debt). Earnings are forecast to decline by an average of 23% per year for the foreseeable future.New Risk • May 25New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 28% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (6.7% operating cash flow to total debt). Earnings are forecast to decline by an average of 28% per year for the foreseeable future.분석 기사 • May 21Improved Revenues Required Before Korea District Heating Corp. (KRX:071320) Stock's 26% Jump Looks JustifiedThe Korea District Heating Corp. ( KRX:071320 ) share price has done very well over the last month, posting an...분석 기사 • May 14Returns On Capital Are Showing Encouraging Signs At Korea District Heating (KRX:071320)What trends should we look for it we want to identify stocks that can multiply in value over the long term? One common...Valuation Update With 7 Day Price Move • May 14Investor sentiment improves as stock rises 15%After last week's 15% share price gain to ₩45,600, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 12x in the Electric Utilities industry in Asia. Total returns to shareholders of 7.7% over the past three years.New Risk • Mar 28New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (12% average weekly change).분석 기사 • Feb 27Korea District Heating Corp.'s (KRX:071320) Shares Leap 39% Yet They're Still Not Telling The Full StoryKorea District Heating Corp. ( KRX:071320 ) shares have continued their recent momentum with a 39% gain in the last...New Risk • Feb 19New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of South Korean stocks, typically moving 10% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-₩744b free cash flow). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Minor Risk Share price has been volatile over the past 3 months (10% average weekly change).Reported Earnings • May 20First quarter 2023 earnings released: ₩7,227 loss per share (vs ₩10,404 loss in 1Q 2022)First quarter 2023 results: ₩7,227 loss per share (improved from ₩10,404 loss in 1Q 2022). Revenue: ₩1.66t (up 20% from 1Q 2022). Net loss: ₩82.3b (loss narrowed 31% from 1Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 85 percentage points per year, which is a significant difference in performance.Reported Earnings • Mar 24Full year 2022 earnings released: ₩16,347 loss per share (vs ₩1,399 profit in FY 2021)Full year 2022 results: ₩16,347 loss per share (down from ₩1,399 profit in FY 2021). Revenue: ₩4.17t (up 65% from FY 2021). Net loss: ₩183.9b (down ₩205.3b from profit in FY 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 97 percentage points per year, which is a significant difference in performance.Upcoming Dividend • Dec 21Upcoming dividend of ₩797 per shareEligible shareholders must have bought the stock before 28 December 2022. Payment date: 02 May 2023. The company is not currently making a profit and is not cash flow positive. Trailing yield: 2.8%. Lower than top quartile of South Korean dividend payers (3.3%). Lower than average of industry peers (4.4%).Board Change • Nov 16No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. No highly experienced directors. No independent directors (8 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.Board Change • Apr 27No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. No highly experienced directors. No independent directors (8 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.Upcoming Dividend • Dec 22Upcoming dividend of ₩965 per shareEligible shareholders must have bought the stock before 29 December 2021. Payment date: 29 April 2022. Payout ratio is a comfortable 29% and this is well supported by cash flows. Trailing yield: 2.5%. Within top quartile of South Korean dividend payers (2.4%). Lower than average of industry peers (4.1%).분석 기사 • May 05Is Korea District Heating (KRX:071320) Using Too Much Debt?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Is New 90 Day High Low • Feb 26New 90-day low: ₩36,950The company is down 8.0% from its price of ₩40,050 on 27 November 2020. The South Korean market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electric Utilities industry, which is up 8.0% over the same period.공시 • Feb 25Korea District Heating Corp., Annual General Meeting, Mar 30, 2021Korea District Heating Corp., Annual General Meeting, Mar 30, 2021, at 10:00 Korea Standard Time.분석 기사 • Feb 14Is Korea District Heating (KRX:071320) Using Capital Effectively?If we're looking to avoid a business that is in decline, what are the trends that can warn us ahead of time? Typically...공시 • Feb 04Korea District Heating Corp. to Report Fiscal Year 2020 Results on Feb 15, 2021Korea District Heating Corp. announced that they will report fiscal year 2020 results on Feb 15, 2021분석 기사 • Jan 18Is Korea District Heating (KRX:071320) A Risky Investment?Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...분석 기사 • Dec 22A Look At Korea District Heating's (KRX:071320) Share Price ReturnsKorea District Heating Corp. ( KRX:071320 ) shareholders should be happy to see the share price up 15% in the last...Is New 90 Day High Low • Dec 17New 90-day high: ₩40,950The company is up 14% from its price of ₩35,800 on 18 September 2020. The South Korean market is also up 14% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it outperformed the Electric Utilities industry, which is up 3.0% over the same period.분석 기사 • Nov 26Should You Use Korea District Heating's (KRX:071320) Statutory Earnings To Analyse It?It might be old fashioned, but we really like to invest in companies that make a profit, each and every year. That...Is New 90 Day High Low • Nov 13New 90-day high: ₩40,350The company is up 13% from its price of ₩35,600 on 14 August 2020. The South Korean market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electric Utilities industry, which is up 2.0% over the same period.공시 • Nov 07Korea District Heating Corp. to Report Nine Months, 2020 Results on Nov 11, 2020Korea District Heating Corp. announced that they will report nine months, 2020 results on Nov 11, 2020Is New 90 Day High Low • Oct 19New 90-day high: ₩39,600The company is up 9.0% from its price of ₩36,400 on 21 July 2020. The South Korean market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electric Utilities industry, which is up 1.0% over the same period.공시 • Aug 09Korea District Heating Corp. to Report First Half, 2020 Results on Aug 11, 2020Korea District Heating Corp. announced that they will report first half, 2020 results on Aug 11, 2020이익 및 매출 성장 예측KOSE:A071320 - 애널리스트 향후 추정치 및 과거 재무 데이터 (KRW Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/20284,078,000289,000223,000648,000112/31/20273,780,000216,000225,000537,500212/31/20263,870,000251,000152,000459,00013/31/20263,855,464308,216434,040738,414N/A12/31/20253,998,187325,390343,508677,348N/A9/30/20254,036,408305,325245,752690,007N/A6/30/20253,863,289292,383226,516698,946N/A3/31/20253,772,557289,895-3,363555,412N/A12/31/20243,570,310195,098-232,833416,719N/A9/30/20243,530,488519,681-220,290433,718N/A6/30/20243,552,743439,127-302,518425,076N/A3/31/20243,668,820413,481-443,760269,453N/A12/31/20233,953,698191,145-782,305-141,805N/A9/30/20234,451,150-137,677-743,893-129,915N/A6/30/20234,554,628-98,239-691,107-129,013N/A3/31/20234,450,970-152,459-647,342-105,142N/A12/31/20224,173,027-189,279-508,22314,613N/A9/30/20223,544,770-243,819-462,35845,055N/A6/30/20223,240,957-269,903-419,77159,081N/A3/31/20223,070,268-195,204-345,750157,370N/A12/31/20212,536,79816,195-102,251417,634N/A9/30/20212,237,60738,44732,138503,944N/A6/30/20212,120,08250,214-89,095381,646N/A3/31/20212,092,00329,692-44,154435,789N/A12/31/20202,098,90626,386-46,345381,900N/A9/30/20202,170,20215,760-164,517249,313N/A6/30/20202,243,862-4,911-116,742292,477N/A3/31/20202,265,5805,562-134,575244,352N/A12/31/20192,367,906-25,580N/A188,783N/A9/30/20192,453,613-245,882N/A231,979N/A6/30/20192,472,210-243,883N/A223,032N/A3/31/20192,516,103-239,635N/A241,954N/A12/31/20182,487,331-226,524N/A382,415N/A12/31/20171,834,42269,878N/A445,412N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: A071320 의 수익은 향후 3년간 감소할 것으로 예상됩니다(연간 -7%).수익 vs 시장: A071320 의 수익은 향후 3년간 감소할 것으로 예상됩니다(연간 -7%).고성장 수익: A071320 의 수익은 향후 3년간 감소할 것으로 예상됩니다.수익 대 시장: A071320 의 수익(연간 1.1%)이 KR 시장(연간 16.5%)보다 느리게 성장할 것으로 예상됩니다.고성장 매출: A071320 의 수익(연간 1.1%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: A071320의 자본 수익률은 3년 후 9.7%로 낮을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YUtilities 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/23 09:38종가2026/05/22 00:00수익2026/03/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Korea District Heating Corp.는 9명의 분석가가 다루고 있습니다. 이 중 2명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Jiyoon ShinDAOL Investment & Securities Co., Ltd.Sung Hyun HwangEugene Investment & Securities Co Ltd.Yu-Jin JeoniM Securities6명의 분석가 더 보기
Major Estimate Revision • May 12Consensus EPS estimates increase by 36%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from ₩3.65b to ₩3.87b. EPS estimate increased from ₩15,988 to ₩21,702 per share. Net income forecast to shrink 23% next year vs 6.3% growth forecast for Electric Utilities industry in South Korea . Consensus price target of ₩127,500 unchanged from last update. Share price fell 3.3% to ₩73,800 over the past week.
Major Estimate Revision • Nov 20Consensus EPS estimates increase by 11%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from ₩16,816 to ₩18,617. Revenue forecast steady at ₩3.69b. Net income forecast to shrink 48% next year vs 11% growth forecast for Electric Utilities industry in South Korea . Consensus price target of ₩78,000 unchanged from last update. Share price rose 7.8% to ₩50,900 over the past week.
Major Estimate Revision • May 12Consensus EPS estimates increase by 36%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from ₩3.65b to ₩3.87b. EPS estimate increased from ₩15,988 to ₩21,702 per share. Net income forecast to shrink 23% next year vs 6.3% growth forecast for Electric Utilities industry in South Korea . Consensus price target of ₩127,500 unchanged from last update. Share price fell 3.3% to ₩73,800 over the past week.
공시 • May 07Korea District Heating Corp. to Report Q1, 2026 Results on May 08, 2026Korea District Heating Corp. announced that they will report Q1, 2026 results on May 08, 2026
Valuation Update With 7 Day Price Move • Mar 30Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to ₩75,100, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 13x in the Electric Utilities industry in Asia. Total returns to shareholders of 224% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩43,152 per share.
Reported Earnings • Mar 18Full year 2025 earnings: EPS and revenues miss analyst expectationsFull year 2025 results: EPS: ₩28,102 (up from ₩16,850 in FY 2024). Revenue: ₩4.00t (up 12% from FY 2024). Net income: ₩338.9b (up 61% from FY 2024). Profit margin: 8.5% (up from 5.9% in FY 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 2.2%. Earnings per share (EPS) also missed analyst estimates by 3.9%. Revenue is expected to decline by 3.4% p.a. on average during the next 2 years, while revenues in the Electric Utilities industry in Asia are expected to grow by 5.7%. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has only increased by 50% per year, which means it is significantly lagging earnings growth.
Declared Dividend • Feb 28Dividend increased to ₩6,157Dividend of ₩6,157 is 59% higher than last year. Ex-date: 27th March 2026 Payment date: 1st January 1970 Dividend yield will be 6.6%, which is higher than the industry average of 4.3%. Sustainability & Growth Dividend is well covered by both earnings (14% earnings payout ratio) and cash flows (18% cash payout ratio). The dividend has increased by an average of 4.7% per year over the past 7 years. However, payments have been volatile during that time. EPS is expected to decline by 49% over the next 2 years. However, it would need to fall by 85% to increase the payout ratio to a potentially unsustainable range.
분석 기사 • Feb 14These 4 Measures Indicate That Korea District Heating (KRX:071320) Is Using Debt In A Risky WaySome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Valuation Update With 7 Day Price Move • Feb 12Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to ₩93,100, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 13x in the Electric Utilities industry in Asia. Total returns to shareholders of 240% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩44,046 per share.
공시 • Feb 12Korea District Heating Corp., Annual General Meeting, Mar 26, 2026Korea District Heating Corp., Annual General Meeting, Mar 26, 2026, at 10:00 Tokyo Standard Time. Location: conference room, 368, bundang-ro, bundang-gu, gyeonggi-do, seongnam South Korea
분석 기사 • Dec 22Korea District Heating Corp.'s (KRX:071320) Share Price Is Matching Sentiment Around Its EarningsWhen close to half the companies in Korea have price-to-earnings ratios (or "P/E's") above 14x, you may consider Korea...
Reported Earnings • Nov 14Third quarter 2025 earnings released: EPS: ₩3,928 (vs ₩2,486 in 3Q 2024)Third quarter 2025 results: EPS: ₩3,928 (up from ₩2,486 in 3Q 2024). Revenue: ₩758.2b (up 30% from 3Q 2024). Net income: ₩49.0b (up 51% from 3Q 2024). Profit margin: 6.5% (up from 5.6% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is expected to decline by 1.1% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Asia are expected to grow by 7.4%. Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has only increased by 56% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Nov 11Investor sentiment improves as stock rises 20%After last week's 20% share price gain to ₩112,050, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 14x in the Electric Utilities industry in Asia. Total returns to shareholders of 343% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩63,680 per share.
공시 • Nov 05Korea District Heating Corp. to Report Nine Months, 2025 Results on Nov 07, 2025Korea District Heating Corp. announced that they will report nine months, 2025 results on Nov 07, 2025
분석 기사 • Oct 28Returns At Korea District Heating (KRX:071320) Are On The Way UpIf we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Amongst other...
Valuation Update With 7 Day Price Move • Oct 22Investor sentiment improves as stock rises 18%After last week's 18% share price gain to ₩101,700, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 14x in the Electric Utilities industry in Asia. Total returns to shareholders of 320% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩62,934 per share.
분석 기사 • Sep 18Korea District Heating (KRX:071320) Has No Shortage Of DebtDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Reported Earnings • Aug 15Second quarter 2025 earnings released: ₩2,188 loss per share (vs ₩3,054 loss in 2Q 2024)Second quarter 2025 results: ₩2,188 loss per share (improved from ₩3,054 loss in 2Q 2024). Revenue: ₩623.1b (up 17% from 2Q 2024). Net loss: ₩21.6b (loss narrowed 32% from 2Q 2024). Revenue is forecast to stay flat during the next 3 years compared to a 9.1% growth forecast for the Electric Utilities industry in Asia. Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has only increased by 34% per year, which means it is significantly lagging earnings growth.
New Risk • Aug 07New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of South Korean stocks, typically moving 8.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (13% operating cash flow to total debt). Earnings are forecast to decline by an average of 11% per year for the foreseeable future. Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.3% average weekly change). Profit margins are more than 30% lower than last year (7.6% net profit margin).
공시 • Aug 05Korea District Heating Corp. to Report First Half, 2025 Results on Aug 07, 2025Korea District Heating Corp. announced that they will report first half, 2025 results on Aug 07, 2025
분석 기사 • Jul 28The Return Trends At Korea District Heating (KRX:071320) Look PromisingIf we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
Valuation Update With 7 Day Price Move • Jun 25Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ₩87,400, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 13x in the Electric Utilities industry in Asia. Total returns to shareholders of 205% over the past three years.
New Risk • May 20New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 11% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (13% operating cash flow to total debt). Earnings are forecast to decline by an average of 11% per year for the foreseeable future. Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (7.6% net profit margin).
Valuation Update With 7 Day Price Move • May 15Investor sentiment improves as stock rises 17%After last week's 17% share price gain to ₩63,000, the stock trades at a forward P/E ratio of 2x. Average forward P/E is 14x in the Electric Utilities industry in Asia. Total returns to shareholders of 99% over the past three years.
분석 기사 • May 14Korea District Heating Corp.'s (KRX:071320) Share Price Boosted 30% But Its Business Prospects Need A Lift TooDespite an already strong run, Korea District Heating Corp. ( KRX:071320 ) shares have been powering on, with a gain of...
분석 기사 • May 14Korea District Heating Corp. (KRX:071320) Stock Catapults 30% Though Its Price And Business Still Lag The MarketDespite an already strong run, Korea District Heating Corp. ( KRX:071320 ) shares have been powering on, with a gain of...
분석 기사 • Apr 02Does Korea District Heating (KRX:071320) Have A Healthy Balance Sheet?The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
New Risk • Mar 13New minor risk - Dividend sustainabilityThe company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 7.9% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (11% operating cash flow to total debt). Earnings are forecast to decline by an average of 24% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
분석 기사 • Feb 26Korea District Heating (KRX:071320) Is Experiencing Growth In Returns On CapitalIf we want to find a potential multi-bagger, often there are underlying trends that can provide clues. In a perfect...
공시 • Feb 22Korea District Heating Corp., Annual General Meeting, Mar 31, 2025Korea District Heating Corp., Annual General Meeting, Mar 31, 2025, at 10:00 Tokyo Standard Time. Location: conference room, 368, bundang-ro, bundang-gu, gyeonggi-do, seongnam South Korea
New Risk • Dec 19New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 24% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (11% operating cash flow to total debt). Earnings are forecast to decline by an average of 24% per year for the foreseeable future.
New Risk • Dec 16New major risk - Financial data availabilityThe company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. This is currently the only risk that has been identified for the company.
New Risk • Dec 07New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 41% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings are forecast to decline by an average of 25% per year for the foreseeable future. High level of non-cash earnings (41% accrual ratio). Minor Risk Less than 3 years of financial data is available.
분석 기사 • Nov 29Investors Appear Satisfied With Korea District Heating Corp.'s (KRX:071320) Prospects As Shares Rocket 29%Korea District Heating Corp. ( KRX:071320 ) shareholders would be excited to see that the share price has had a great...
Major Estimate Revision • Nov 20Consensus EPS estimates increase by 11%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from ₩16,816 to ₩18,617. Revenue forecast steady at ₩3.69b. Net income forecast to shrink 48% next year vs 11% growth forecast for Electric Utilities industry in South Korea . Consensus price target of ₩78,000 unchanged from last update. Share price rose 7.8% to ₩50,900 over the past week.
분석 기사 • Nov 15The Return Trends At Korea District Heating (KRX:071320) Look PromisingIf you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
Buy Or Sell Opportunity • Aug 26Now 22% overvalued after recent price riseOver the last 90 days, the stock has risen 5.0% to ₩48,500. The fair value is estimated to be ₩39,640, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 12% in 2 years. Earnings are forecast to decline by 52% in the next 2 years.
분석 기사 • Aug 13We Like These Underlying Return On Capital Trends At Korea District Heating (KRX:071320)If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Amongst other...
공시 • Jul 18Samchully Co.,Ltd (KOSE:A004690) acquired remaining 49% stake in Human Community Energy System from Korea District Heating Corp. (KOSE:A071320) for KRW 28.9 billion.Samchully Co.,Ltd (KOSE:A004690) acquired remaining 49% stake in Human Community Energy System from Korea District Heating Corp. (KOSE:A071320) for KRW 28.9 billion on July 16, 2024. Samchully acquired 4.9 million shares for KRW 5910 per share. Samchully Co.,Ltd (KOSE:A004690) completed the acquisition of remaining 49% stake in Human Community Energy System from Korea District Heating Corp. (KOSE:A071320) on July 16, 2024.
New Risk • Jul 01New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of South Korean stocks, typically moving 7.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (6.7% operating cash flow to total debt). Earnings are forecast to decline by an average of 23% per year for the foreseeable future. Minor Risk Share price has been volatile over the past 3 months (7.6% average weekly change).
New Risk • Jun 11New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 23% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (6.7% operating cash flow to total debt). Earnings are forecast to decline by an average of 23% per year for the foreseeable future.
New Risk • May 25New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 28% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (6.7% operating cash flow to total debt). Earnings are forecast to decline by an average of 28% per year for the foreseeable future.
분석 기사 • May 21Improved Revenues Required Before Korea District Heating Corp. (KRX:071320) Stock's 26% Jump Looks JustifiedThe Korea District Heating Corp. ( KRX:071320 ) share price has done very well over the last month, posting an...
분석 기사 • May 14Returns On Capital Are Showing Encouraging Signs At Korea District Heating (KRX:071320)What trends should we look for it we want to identify stocks that can multiply in value over the long term? One common...
Valuation Update With 7 Day Price Move • May 14Investor sentiment improves as stock rises 15%After last week's 15% share price gain to ₩45,600, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 12x in the Electric Utilities industry in Asia. Total returns to shareholders of 7.7% over the past three years.
New Risk • Mar 28New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (12% average weekly change).
분석 기사 • Feb 27Korea District Heating Corp.'s (KRX:071320) Shares Leap 39% Yet They're Still Not Telling The Full StoryKorea District Heating Corp. ( KRX:071320 ) shares have continued their recent momentum with a 39% gain in the last...
New Risk • Feb 19New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of South Korean stocks, typically moving 10% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-₩744b free cash flow). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Minor Risk Share price has been volatile over the past 3 months (10% average weekly change).
Reported Earnings • May 20First quarter 2023 earnings released: ₩7,227 loss per share (vs ₩10,404 loss in 1Q 2022)First quarter 2023 results: ₩7,227 loss per share (improved from ₩10,404 loss in 1Q 2022). Revenue: ₩1.66t (up 20% from 1Q 2022). Net loss: ₩82.3b (loss narrowed 31% from 1Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 85 percentage points per year, which is a significant difference in performance.
Reported Earnings • Mar 24Full year 2022 earnings released: ₩16,347 loss per share (vs ₩1,399 profit in FY 2021)Full year 2022 results: ₩16,347 loss per share (down from ₩1,399 profit in FY 2021). Revenue: ₩4.17t (up 65% from FY 2021). Net loss: ₩183.9b (down ₩205.3b from profit in FY 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 97 percentage points per year, which is a significant difference in performance.
Upcoming Dividend • Dec 21Upcoming dividend of ₩797 per shareEligible shareholders must have bought the stock before 28 December 2022. Payment date: 02 May 2023. The company is not currently making a profit and is not cash flow positive. Trailing yield: 2.8%. Lower than top quartile of South Korean dividend payers (3.3%). Lower than average of industry peers (4.4%).
Board Change • Nov 16No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. No highly experienced directors. No independent directors (8 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.
Board Change • Apr 27No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. No highly experienced directors. No independent directors (8 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.
Upcoming Dividend • Dec 22Upcoming dividend of ₩965 per shareEligible shareholders must have bought the stock before 29 December 2021. Payment date: 29 April 2022. Payout ratio is a comfortable 29% and this is well supported by cash flows. Trailing yield: 2.5%. Within top quartile of South Korean dividend payers (2.4%). Lower than average of industry peers (4.1%).
분석 기사 • May 05Is Korea District Heating (KRX:071320) Using Too Much Debt?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Is New 90 Day High Low • Feb 26New 90-day low: ₩36,950The company is down 8.0% from its price of ₩40,050 on 27 November 2020. The South Korean market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electric Utilities industry, which is up 8.0% over the same period.
공시 • Feb 25Korea District Heating Corp., Annual General Meeting, Mar 30, 2021Korea District Heating Corp., Annual General Meeting, Mar 30, 2021, at 10:00 Korea Standard Time.
분석 기사 • Feb 14Is Korea District Heating (KRX:071320) Using Capital Effectively?If we're looking to avoid a business that is in decline, what are the trends that can warn us ahead of time? Typically...
공시 • Feb 04Korea District Heating Corp. to Report Fiscal Year 2020 Results on Feb 15, 2021Korea District Heating Corp. announced that they will report fiscal year 2020 results on Feb 15, 2021
분석 기사 • Jan 18Is Korea District Heating (KRX:071320) A Risky Investment?Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
분석 기사 • Dec 22A Look At Korea District Heating's (KRX:071320) Share Price ReturnsKorea District Heating Corp. ( KRX:071320 ) shareholders should be happy to see the share price up 15% in the last...
Is New 90 Day High Low • Dec 17New 90-day high: ₩40,950The company is up 14% from its price of ₩35,800 on 18 September 2020. The South Korean market is also up 14% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it outperformed the Electric Utilities industry, which is up 3.0% over the same period.
분석 기사 • Nov 26Should You Use Korea District Heating's (KRX:071320) Statutory Earnings To Analyse It?It might be old fashioned, but we really like to invest in companies that make a profit, each and every year. That...
Is New 90 Day High Low • Nov 13New 90-day high: ₩40,350The company is up 13% from its price of ₩35,600 on 14 August 2020. The South Korean market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electric Utilities industry, which is up 2.0% over the same period.
공시 • Nov 07Korea District Heating Corp. to Report Nine Months, 2020 Results on Nov 11, 2020Korea District Heating Corp. announced that they will report nine months, 2020 results on Nov 11, 2020
Is New 90 Day High Low • Oct 19New 90-day high: ₩39,600The company is up 9.0% from its price of ₩36,400 on 21 July 2020. The South Korean market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electric Utilities industry, which is up 1.0% over the same period.
공시 • Aug 09Korea District Heating Corp. to Report First Half, 2020 Results on Aug 11, 2020Korea District Heating Corp. announced that they will report first half, 2020 results on Aug 11, 2020