Seoul City Gas' (KRX:017390) Promising Earnings May Rest On Soft Foundations
Aug 20
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South Korean (KOSPI) Gas Utilities Industry Analysis
UpdatedAug 31, 2025
DataAggregated Company Financials
Companies10
- 7D-1.2%
- 3M-2.6%
- 1Y-14.6%
- YTD17.0%
Over the last 7 days, the Gas Utilities industry has dropped 1.2%, driven by Korea Gas declining 1.6%. Meanwhile, Hanjin Heavy Industries & Construction Holdings actually outperformed within the industry, gaining 5.7% in the last week. Overall the industry is down 15% in 12 months. Looking forward, earnings are forecast to grow by 1.6% annually.
Industry Valuation and Performance
Has the South Korean Gas Utilities Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 31 Aug 2025 | ₩5.2t | ₩52.4t | ₩1.3t | 5x | 4x | 0.1x |
| Tue, 29 Jul 2025 | ₩5.7t | ₩52.0t | ₩1.4t | 5.1x | 4.1x | 0.1x |
| Thu, 26 Jun 2025 | ₩5.4t | ₩52.0t | ₩1.4t | 5.3x | 3.9x | 0.1x |
| Sat, 24 May 2025 | ₩5.0t | ₩51.9t | ₩1.4t | 4.3x | 3.5x | 0.1x |
| Mon, 21 Apr 2025 | ₩4.6t | ₩51.7t | ₩1.4t | 3.5x | 3.2x | 0.09x |
| Wed, 19 Mar 2025 | ₩4.6t | ₩52.5t | ₩405.1b | 5.6x | 11.3x | 0.09x |
| Fri, 14 Feb 2025 | ₩4.2t | ₩52.8t | ₩421.3b | 6.2x | 10x | 0.08x |
| Sun, 12 Jan 2025 | ₩4.6t | ₩52.8t | ₩421.3b | 6.4x | 10.9x | 0.09x |
| Tue, 10 Dec 2024 | ₩4.2t | ₩52.8t | ₩421.3b | 6.3x | 9.9x | 0.08x |
| Thu, 07 Nov 2024 | ₩5.0t | ₩52.5t | ₩86.1b | 6.5x | 58.1x | 0.1x |
| Sat, 05 Oct 2024 | ₩5.4t | ₩52.5t | ₩86.1b | 6.1x | 62.8x | 0.1x |
| Mon, 02 Sep 2024 | ₩6.0t | ₩53.3t | ₩98.1b | 6.7x | 61x | 0.1x |
| Wed, 31 Jul 2024 | ₩5.1t | ₩53.9t | -₩232,027,447,730.00 | 8.5x | -22.1x | 0.1x |
| Fri, 28 Jun 2024 | ₩6.1t | ₩53.9t | -₩232,027,447,730.00 | 8.8x | -26.3x | 0.1x |
| Sun, 26 May 2024 | ₩4.0t | ₩59.1t | -₩512,592,426,190.00 | 9.1x | -7.9x | 0.07x |
| Tue, 23 Apr 2024 | ₩3.6t | ₩59.6t | -₩376,929,794,210.00 | 8.8x | -9.7x | 0.06x |
| Thu, 21 Mar 2024 | ₩3.8t | ₩67.2t | ₩1.2t | 7.5x | 3.3x | 0.06x |
| Sat, 17 Feb 2024 | ₩3.9t | ₩68.1t | ₩1.1t | 5.5x | 3.5x | 0.06x |
| Mon, 15 Jan 2024 | ₩3.5t | ₩68.1t | ₩1.1t | 5.4x | 3.2x | 0.05x |
| Wed, 13 Dec 2023 | ₩3.7t | ₩68.1t | ₩1.1t | 5.6x | 3.3x | 0.05x |
| Fri, 10 Nov 2023 | ₩3.5t | ₩71.4t | ₩958.9b | 6.5x | 3.6x | 0.05x |
| Sun, 08 Oct 2023 | ₩3.5t | ₩71.4t | ₩958.9b | 6.3x | 3.6x | 0.05x |
| Tue, 05 Sep 2023 | ₩3.7t | ₩71.4t | ₩958.9b | 6.2x | 3.9x | 0.05x |
| Thu, 03 Aug 2023 | ₩3.8t | ₩72.3t | ₩1.2t | 12.5x | 3.2x | 0.05x |
| Sat, 01 Jul 2023 | ₩3.8t | ₩72.3t | ₩1.2t | 13.1x | 3.3x | 0.05x |
| Mon, 29 May 2023 | ₩4.1t | ₩72.3t | ₩1.2t | 13x | 3.5x | 0.06x |
| Wed, 26 Apr 2023 | ₩5.9t | ₩67.6t | ₩1.6t | 12.7x | 3.7x | 0.09x |
| Fri, 24 Mar 2023 | ₩8.8t | ₩58.7t | ₩1.3t | 12.1x | 6.8x | 0.2x |
| Sun, 19 Feb 2023 | ₩9.0t | ₩57.3t | ₩1.4t | 17.7x | 6.6x | 0.2x |
| Tue, 17 Jan 2023 | ₩8.8t | ₩57.3t | ₩1.4t | 17.3x | 6.5x | 0.2x |
| Thu, 15 Dec 2022 | ₩8.7t | ₩57.3t | ₩1.4t | 16.2x | 6.4x | 0.2x |
| Sat, 12 Nov 2022 | ₩8.0t | ₩50.9t | ₩1.6t | 23.8x | 5.1x | 0.2x |
| Mon, 10 Oct 2022 | ₩7.7t | ₩50.9t | ₩1.6t | 25.8x | 4.9x | 0.2x |
| Wed, 07 Sep 2022 | ₩7.8t | ₩50.9t | ₩1.6t | 33.7x | 5x | 0.2x |
Price to Earnings Ratio
5x
Current Industry PE
- Investors are pessimistic on the South Korean Gas Utilities 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 4.0x which is lower than its 3-year average PE of 6.4x.
- The industry is trading close to its 3-year average PS ratio of 0.093x.
Past Earnings Growth
- The earnings for companies in the Gas Utilities industry have declined 6.2% per year over the last three years.
- Meanwhile revenues have remained mostly flat.
- This means that although sales have remained flat, 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 industry?
| KR Market | 0.62% | |
| Utilities | -5.09% | |
| Gas Utilities | -1.16% | |
| Gas Utilities | -1.16% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| A003480 Hanjin Heavy Industries & Construction Holdings | ₩4.86k | 5.7% +₩6.8b | 39.1% | PE2x | |
| A017390 Seoul City Gas | ₩61.80k | 1.1% +₩2.8b | 14.0% | PE6.4x | |
| A267290 Kyungdong City Gas | ₩19.91k | 0.9% +₩1.1b | 5.3% | PE4x | |
| A016710 Daesung Holdings | ₩8.68k | 0.5% +₩643.6m | 7.4% | PE5.9x | |
| A034590 Incheon City Gas | ₩25.90k | 0.6% +₩618.3m | 1.2% | n/a |