Is Korea Gas (KRX:036460) A Risky Investment?
Apr 14
South Korean (KOSPI) Utilities Sector Analysis
UpdatedApr 22, 2024
DataAggregated Company Financials
Companies17
- 7D0.6%
- 3M7.8%
- 1Y-21.2%
- YTD7.0%
Last week, the Utilities industry hasn't moved much but SK Eternix is up 19% in that time. Unfortunately though, the industry is down 21% over the past 12 months. As for the next few years, earnings are expected to grow by 74% per annum.
Sector Valuation and Performance
Has the South Korean Utilities Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 23 Apr 2024 | ₩18.5t | ₩155.2t | -₩4,942,101,181,350.00 | 9.8x | -3.7x | 0.1x |
| Thu, 21 Mar 2024 | ₩19.4t | ₩163.3t | -₩3,716,012,032,390.00 | 8.7x | -5.2x | 0.1x |
| Sat, 17 Feb 2024 | ₩18.7t | ₩161.4t | -₩12,740,118,035,970.00 | 7.1x | -1.5x | 0.1x |
| Mon, 15 Jan 2024 | ₩16.8t | ₩161.4t | -₩12,740,118,035,970.00 | 7.1x | -1.3x | 0.1x |
| Wed, 13 Dec 2023 | ₩17.4t | ₩161.4t | -₩12,740,118,035,970.00 | 7.3x | -1.4x | 0.1x |
| Fri, 10 Nov 2023 | ₩16.2t | ₩166.7t | -₩19,348,559,617,890.00 | 6.5x | -0.8x | 0.1x |
| Sun, 08 Oct 2023 | ₩16.4t | ₩166.7t | -₩19,351,191,773,390.00 | 6.3x | -0.8x | 0.1x |
| Tue, 05 Sep 2023 | ₩17.2t | ₩166.7t | -₩19,348,521,420,390.00 | 6.2x | -0.9x | 0.1x |
| Thu, 03 Aug 2023 | ₩18.1t | ₩162.5t | -₩22,107,067,694,543.00 | 12.1x | -0.8x | 0.1x |
| Sat, 01 Jul 2023 | ₩19.0t | ₩162.5t | -₩22,107,067,694,543.00 | 12.3x | -0.9x | 0.1x |
| Mon, 29 May 2023 | ₩17.9t | ₩161.5t | -₩22,126,423,417,060.00 | 12.1x | -0.8x | 0.1x |
| Wed, 26 Apr 2023 | ₩20.2t | ₩151.3t | -₩22,721,594,863,530.00 | 12.7x | -0.9x | 0.1x |
| Fri, 24 Mar 2023 | ₩22.4t | ₩140.9t | -₩23,198,547,465,010.00 | 15.6x | -1x | 0.2x |
| Sun, 19 Feb 2023 | ₩22.7t | ₩135.5t | -₩18,996,234,345,230.00 | 18.9x | -1.2x | 0.2x |
| Tue, 17 Jan 2023 | ₩23.6t | ₩135.4t | -₩19,057,931,651,410.00 | 18.3x | -1.2x | 0.2x |
| Thu, 15 Dec 2022 | ₩24.0t | ₩135.4t | -₩19,057,931,651,410.00 | 18.7x | -1.3x | 0.2x |
| Sat, 12 Nov 2022 | ₩22.3t | ₩125.0t | -₩14,073,464,014,950.00 | 23.3x | -1.6x | 0.2x |
| Mon, 10 Oct 2022 | ₩22.0t | ₩125.0t | -₩14,073,464,014,950.00 | 25.4x | -1.6x | 0.2x |
| Wed, 07 Sep 2022 | ₩22.9t | ₩125.0t | -₩14,074,453,180,400.00 | 29.4x | -1.6x | 0.2x |
| Fri, 05 Aug 2022 | ₩23.2t | ₩117.6t | -₩10,097,487,608,590.00 | 20.3x | -2.3x | 0.2x |
| Sun, 03 Jul 2022 | ₩23.6t | ₩117.6t | -₩10,097,487,608,590.00 | 20.1x | -2.3x | 0.2x |
| Tue, 31 May 2022 | ₩24.5t | ₩117.6t | -₩10,096,171,530,590.00 | 22.1x | -2.4x | 0.2x |
| Thu, 28 Apr 2022 | ₩22.3t | ₩107.4t | -₩4,090,762,415,390.00 | 20.4x | -5.5x | 0.2x |
| Sat, 26 Mar 2022 | ₩24.4t | ₩107.3t | -₩4,117,373,763,500.00 | 19.8x | -5.9x | 0.2x |
| Mon, 21 Feb 2022 | ₩23.1t | ₩100.0t | -₩242,007,892,117.00 | 11.8x | -95.7x | 0.2x |
| Wed, 19 Jan 2022 | ₩21.9t | ₩100.0t | -₩242,007,892,117.00 | 11.8x | -90.6x | 0.2x |
| Fri, 17 Dec 2021 | ₩22.5t | ₩100.0t | -₩242,007,892,117.00 | 12.3x | -93x | 0.2x |
| Sun, 14 Nov 2021 | ₩24.2t | ₩95.6t | ₩1.9t | 11.2x | 12.5x | 0.3x |
| Tue, 12 Oct 2021 | ₩24.6t | ₩95.6t | ₩1.9t | 11.2x | 12.7x | 0.3x |
| Thu, 09 Sep 2021 | ₩23.3t | ₩96.8t | ₩2.0t | 10.3x | 11.8x | 0.2x |
| Sat, 07 Aug 2021 | ₩24.8t | ₩96.8t | ₩2.0t | 11.2x | 12.6x | 0.3x |
| Fri, 30 Apr 2021 | ₩22.4t | ₩94.4t | ₩2.4t | 9.9x | 9.4x | 0.2x |
Price to Earnings Ratio
9.4x
Current Industry PE
- Investors are pessimistic on the South Korean Utilities industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading close to its 3-year average PS ratio of 0.18x.
Past Earnings Growth
- Total earnings for the Utilities industry have declined over the last three years, with the industry now making a loss overall.
- Meanwhile revenues have grown 18% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the South Korean Utilities sector?
| KR Market | -3.28% | |
| Utilities | 0.56% | |
| Renewable Energy | 8.62% | |
| Gas Utilities | 0.86% | |
| Other Utilities | 0% | |
| Water Utilities | 0% | |
| Electric Utilities | -0.015% | |
Industry PE
- Investors are most optimistic about the Renewable Energy industry which is trading above its 3-year average PE ratio of 13.1x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
Forecasted Growth
- Analysts are most optimistic on the Electric Utilities industry, expecting annual earnings growth of 76% over the next 5 years.
- This is better than its past earnings decline of 34% per year.
- In contrast, the Gas Utilities industry is expected to see its earnings grow by 59% per year 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 | |
|---|---|---|---|---|---|
| A475150 SK Eternix | ₩25.20k | 21.7% +₩115.0b | n/a | n/a | |
| A071320 Korea District Heating | ₩40.60k | 5.7% +₩25.5b | 46.0% | PE2.5x | |
| A003480 Hanjin Heavy Industries & Construction Holdings | ₩3.45k | 5.4% +₩4.6b | -13.0% | PE11.9x | |
| A130660 Korea Electric Power Industrial Development | ₩7.06k | 0.9% +₩2.0b | -19.0% | PE14.8x | |
| A005090 SGC EnergyLtd | ₩22.95k | 0.4% +₩1.4b | -24.8% | PE7.8x |
