Solid Earnings May Not Tell The Whole Story For Fursys (KRX:016800)
Mar 28
South Korean (KOSPI) Commercial Services Industry Analysis
UpdatedApr 24, 2024
DataAggregated Company Financials
Companies27
- 7D3.6%
- 3M2.7%
- 1Y-9.3%
- YTD-4.9%
Over the last 7 days, the Commercial Services industry has dropped 1.5%, driven by a pullback from Yangjisa of 6.2%. The industry has fallen 14% in the last year. As for the next few years, earnings are expected to grow by 8.0% per annum.
Industry Valuation and Performance
Has the South Korean Commercial Services Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 24 Apr 2024 | ₩8.6t | ₩7.0t | ₩525.2b | 15.9x | 16.3x | 1.2x |
| Fri, 22 Mar 2024 | ₩9.1t | ₩7.1t | ₩534.3b | 17.1x | 16.9x | 1.3x |
| Sun, 18 Feb 2024 | ₩8.6t | ₩7.0t | ₩513.0b | 17.1x | 16.9x | 1.2x |
| Tue, 16 Jan 2024 | ₩8.4t | ₩7.0t | ₩489.7b | 17.1x | 17.1x | 1.2x |
| Thu, 14 Dec 2023 | ₩8.7t | ₩6.9t | ₩472.2b | 15.6x | 18.4x | 1.3x |
| Sat, 11 Nov 2023 | ₩7.9t | ₩6.9t | ₩482.7b | 16.5x | 16.3x | 1.1x |
| Mon, 09 Oct 2023 | ₩8.0t | ₩6.9t | ₩482.0b | 16.6x | 16.7x | 1.2x |
| Wed, 06 Sep 2023 | ₩8.8t | ₩6.9t | ₩482.0b | 17.8x | 18.2x | 1.3x |
| Fri, 04 Aug 2023 | ₩8.8t | ₩6.8t | ₩448.7b | 18.3x | 19.7x | 1.3x |
| Sun, 02 Jul 2023 | ₩8.5t | ₩6.8t | ₩448.7b | 20x | 18.9x | 1.2x |
| Tue, 30 May 2023 | ₩8.5t | ₩6.8t | ₩447.1b | 18.7x | 18.9x | 1.2x |
| Thu, 27 Apr 2023 | ₩8.8t | ₩6.7t | ₩389.8b | 18.8x | 22.5x | 1.3x |
| Sat, 25 Mar 2023 | ₩9.4t | ₩6.6t | ₩370.1b | 17.5x | 25.4x | 1.4x |
| Mon, 20 Feb 2023 | ₩9.1t | ₩7.0t | ₩304.1b | 22.1x | 29.8x | 1.3x |
| Wed, 18 Jan 2023 | ₩8.4t | ₩7.0t | ₩304.1b | 21.1x | 27.7x | 1.2x |
| Fri, 16 Dec 2022 | ₩9.0t | ₩7.0t | ₩304.1b | 21.1x | 29.7x | 1.3x |
| Sun, 13 Nov 2022 | ₩9.3t | ₩6.7t | ₩272.6b | 16.3x | 34.3x | 1.4x |
| Tue, 11 Oct 2022 | ₩8.9t | ₩6.6t | ₩261.2b | 16.9x | 34.2x | 1.4x |
| Thu, 08 Sep 2022 | ₩9.1t | ₩6.6t | ₩261.2b | 16.2x | 34.9x | 1.4x |
| Sat, 06 Aug 2022 | ₩8.6t | ₩6.5t | ₩281.6b | 16.6x | 30.5x | 1.3x |
| Mon, 04 Jul 2022 | ₩7.0t | ₩6.3t | ₩281.1b | 16.1x | 25x | 1.1x |
| Wed, 01 Jun 2022 | ₩7.8t | ₩6.3t | ₩278.5b | 18.9x | 28x | 1.2x |
| Fri, 29 Apr 2022 | ₩7.9t | ₩6.4t | ₩311.1b | 19.2x | 25.3x | 1.2x |
| Sun, 27 Mar 2022 | ₩8.2t | ₩6.4t | ₩322.3b | 18.4x | 25.4x | 1.3x |
| Tue, 22 Feb 2022 | ₩7.7t | ₩6.2t | ₩361.9b | 14.3x | 21.2x | 1.2x |
| Thu, 20 Jan 2022 | ₩8.4t | ₩6.2t | ₩371.8b | 15.8x | 22.7x | 1.4x |
| Sat, 18 Dec 2021 | ₩9.2t | ₩6.2t | ₩371.8b | 15.7x | 24.8x | 1.5x |
| Mon, 15 Nov 2021 | ₩9.6t | ₩6.0t | ₩318.0b | 19.8x | 30.2x | 1.6x |
| Wed, 13 Oct 2021 | ₩9.5t | ₩6.0t | ₩318.0b | 18.5x | 29.8x | 1.6x |
| Fri, 10 Sep 2021 | ₩9.8t | ₩6.7t | ₩383.2b | 18.1x | 25.6x | 1.5x |
| Sun, 08 Aug 2021 | ₩10.1t | ₩6.9t | ₩376.5b | 19.1x | 26.8x | 1.5x |
| Sat, 01 May 2021 | ₩8.0t | ₩6.8t | ₩390.6b | 19.1x | 20.5x | 1.2x |
Price to Earnings Ratio
20.5x
Current Industry PE
- Investors are pessimistic on the South Korean Commercial Services industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 15.8x which is lower than its 3-year average PE of 24.1x.
- The industry is trading close to its 3-year average PS ratio of 1.3x.
Past Earnings Growth
- The earnings for companies in the Commercial Services industry have grown 10% per year over the last three years, while revenues have remained mostly flat.
- This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.
Industry Trends
Which industries have driven the changes within the South Korean Industrials industry?
| KR Market | 0.53% | |
| Industrials | 4.26% | |
| Commercial Services | 3.60% | |
| Security and Alarm Services | 4.98% | |
| Environmental and Facilities Services | 3.91% | |
| Office Services and Supplies | 3.31% | |
| Diversified Support Services | 2.15% | |
| Commercial Printing | -0.32% | |
Industry PE
- Investors are most optimistic about the Environmental and Facilities Services industry even though it's trading below its 3-year average PE ratio of 64.1x.
- Analysts are expecting annual earnings growth of 24.5%, which is higher than its past year's earnings decline of 2.3% per year.
- Investors are most pessimistic about the Commercial Printing industry, which is trading below its 3-year average of 20.4x.
Forecasted Growth
- Analysts are most optimistic on the Office Services and Supplies industry, expecting annual earnings growth of 67% over the next 5 years.
- This is roughly in line with its past earnings growth rate.
- In contrast, the Diversified Support Services industry is expected to see its earnings growth to stay flat over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| A012750 S-1 | ₩63.20k | 3.9% +₩81.1b | 8.8% | PE11.3x | |
| A383310 Ecopro Hn | ₩71.00k | 7.3% +₩73.2b | 6.9% | PE32.3x | |
| A051600 KEPCO Plant Service & EngineeringLtd | ₩34.40k | 3.9% +₩58.5b | -5.1% | PE9.5x | |
| A365340 SungEel HiTech | ₩77.50k | 6.2% +₩54.5b | -43.3% | PE37.8x | |
| A457550 Woojinntec | ₩28.10k | 12.2% +₩28.3b | n/a | n/a |
