Buy Or Sell Opportunity • 12h
Now 23% overvalued Over the last 90 days, the stock has fallen 19% to ₩29,750. The fair value is estimated to be ₩24,216, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 53%. Valuation Update With 7 Day Price Move • Jul 29
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₩28,600, the stock trades at a trailing P/E ratio of 11.8x. Average forward P/E is 20x in the Electrical industry in South Korea. Total returns to shareholders of 614% over the past three years. Valuation Update With 7 Day Price Move • Jul 15
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to ₩32,250, the stock trades at a trailing P/E ratio of 13.3x. Average trailing P/E is 23x in the Electrical industry in South Korea. Total returns to shareholders of 675% over the past three years. New Risk • Jul 01
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of South Korean stocks, typically moving 13% 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. This is currently the only risk that has been identified for the company. Buy Or Sell Opportunity • Jul 01
Now 25% overvalued Over the last 90 days, the stock has fallen 9.9% to ₩27,850. The fair value is estimated to be ₩22,306, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 53%. Valuation Update With 7 Day Price Move • Jun 30
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₩22,700, the stock trades at a trailing P/E ratio of 9.4x. Average trailing P/E is 29x in the Electrical industry in South Korea. Total returns to shareholders of 385% over the past three years. Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to ₩23,000, the stock trades at a trailing P/E ratio of 9.4x. Average trailing P/E is 33x in the Electrical industry in South Korea. Total returns to shareholders of 364% over the past three years. Valuation Update With 7 Day Price Move • May 30
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₩22,700, the stock trades at a trailing P/E ratio of 9.1x. Average trailing P/E is 38x in the Electrical industry in South Korea. Total returns to shareholders of 334% over the past three years. Valuation Update With 7 Day Price Move • May 15
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₩32,000, the stock trades at a trailing P/E ratio of 12.8x. Average trailing P/E is 51x in the Electrical industry in South Korea. Total returns to shareholders of 465% over the past three years. Valuation Update With 7 Day Price Move • Apr 14
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₩34,750, the stock trades at a trailing P/E ratio of 13.9x. Average trailing P/E is 36x in the Electrical industry in South Korea. Total returns to shareholders of 821% over the past three years. Announcement • Mar 12
GnCenergy Co., Ltd, Annual General Meeting, Mar 26, 2026 GnCenergy Co., Ltd, Annual General Meeting, Mar 26, 2026, at 14:00 Tokyo Standard Time. Location: conference room, 49, magokjungang 2-ro, gangseo-gu, seoul South Korea Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to ₩31,150, the stock trades at a trailing P/E ratio of 12.4x. Average trailing P/E is 38x in the Electrical industry in South Korea. Total returns to shareholders of 707% over the past three years. Upcoming Dividend • Dec 22
Upcoming dividend of ₩100.00 per share Eligible shareholders must have bought the stock before 29 December 2025. Payment date: 10 April 2026. Payout ratio is a comfortable 3.8% and this is well supported by cash flows. Trailing yield: 0.3%. Lower than top quartile of South Korean dividend payers (3.6%). Lower than average of industry peers (0.6%). Valuation Update With 7 Day Price Move • Dec 04
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₩35,450, the stock trades at a trailing P/E ratio of 14.1x. Average trailing P/E is 24x in the Electrical industry in South Korea. Total returns to shareholders of 901% over the past three years. Reported Earnings • Nov 14
Third quarter 2025 earnings released: EPS: ₩741 (vs ₩846 in 3Q 2024) Third quarter 2025 results: EPS: ₩741 (down from ₩846 in 3Q 2024). Revenue: ₩69.5b (down 6.1% from 3Q 2024). Net income: ₩11.9b (down 6.3% from 3Q 2024). Profit margin: 17% (in line with 3Q 2024). Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has increased by 101% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Nov 14
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to ₩31,800, the stock trades at a trailing P/E ratio of 12x. Average trailing P/E is 25x in the Electrical industry in South Korea. Total returns to shareholders of 752% over the past three years. Declared Dividend • Nov 08
Dividend of ₩100.00 announced Dividend of ₩100.00 is the same as last year. Ex-date: 29th December 2025 Payment date: 10th April 2026 Dividend yield will be 0.3%, which is lower than the industry average of 0.4%. Payout Ratios Payout ratio: 4%. Cash payout ratio: 6%. Announcement • Nov 07
GnCenergy Co., Ltd announces Annual dividend, payable on April 10, 2026 GnCenergy Co., Ltd announced Annual dividend of KRW 100.0000 per share payable on April 10, 2026, ex-date on December 29, 2025 and record date on December 31, 2025. Valuation Update With 7 Day Price Move • Oct 29
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₩43,950, the stock trades at a trailing P/E ratio of 16.6x. Average trailing P/E is 27x in the Electrical industry in South Korea. Total returns to shareholders of 1,205% over the past three years. Buy Or Sell Opportunity • Oct 29
Now 25% overvalued after recent price rise Over the last 90 days, the stock has risen 29% to ₩43,950. The fair value is estimated to be ₩35,281, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Earnings per share has grown by 84%. New Risk • Oct 15
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of South Korean stocks, typically moving 11% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Oct 15
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to ₩41,350, the stock trades at a trailing P/E ratio of 15.6x. Average trailing P/E is 24x in the Electrical industry in South Korea. Total returns to shareholders of 1,125% over the past three years. Announcement • Sep 11
GnCenergy Co., Ltd announced that it expects to receive KRW 14.6758378 billion in funding GnCenergy Co., Ltd announced private placement of Series 3 Zero coupon unsecured private convertible bonds due September 19, 2028 for gross proceeds of KRW 14,675,837,800 on September 10, 2025. The transaction includes participation from KDBC-Korea Investment & Securities Mezzanine No. 1 New Technology Business Investment Fund. The bonds bear zero interest rate and will mature on September 19, 2028. The bonds are 100% convertible into 426,004 shares at a conversion price of KRW 34,450 from October 19, 2025 to August 19, 2028. The transaction has been approved by board of directors of the company and is expected to close on September 19, 2025. Valuation Update With 7 Day Price Move • Sep 11
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₩35,550, the stock trades at a trailing P/E ratio of 13.4x. Average trailing P/E is 25x in the Electrical industry in South Korea. Total returns to shareholders of 706% over the past three years. Buy Or Sell Opportunity • Aug 29
Now 23% undervalued Over the last 90 days, the stock has risen 11% to ₩28,750. The fair value is estimated to be ₩37,355, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Earnings per share has grown by 84%. Buy Or Sell Opportunity • Aug 14
Now 21% undervalued Over the last 90 days, the stock has risen 8.5% to ₩31,150. The fair value is estimated to be ₩39,280, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Earnings per share has grown by 84%. Valuation Update With 7 Day Price Move • Jun 18
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to ₩35,650, the stock trades at a trailing P/E ratio of 11.1x. Average trailing P/E is 20x in the Electrical industry in South Korea. Total returns to shareholders of 816% over the past three years. Valuation Update With 7 Day Price Move • Jun 04
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩29,600, the stock trades at a trailing P/E ratio of 9.2x. Average trailing P/E is 20x in the Electrical industry in South Korea. Total returns to shareholders of 499% over the past three years. Reported Earnings • May 21
First quarter 2025 earnings released: EPS: ₩873 (vs ₩230 in 1Q 2024) First quarter 2025 results: EPS: ₩873 (up from ₩230 in 1Q 2024). Revenue: ₩66.3b (up 65% from 1Q 2024). Net income: ₩13.0b (up 281% from 1Q 2024). Profit margin: 20% (up from 8.5% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 89% per year but the company’s share price has only increased by 79% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • May 13
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₩27,550, the stock trades at a trailing P/E ratio of 10.7x. Average trailing P/E is 22x in the Electrical industry in South Korea. Total returns to shareholders of 468% over the past three years. Valuation Update With 7 Day Price Move • Apr 28
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₩22,700, the stock trades at a trailing P/E ratio of 8.8x. Average trailing P/E is 19x in the Electrical industry in South Korea. Total returns to shareholders of 399% over the past three years. Announcement • Apr 16
GnCenergy Co., Ltd announced that it has received KRW 10 billion in funding from NH Investment & Securities Co., Ltd., KB Securities Co., Ltd., Korea Investment & Securities Co., Ltd. On April 15, 2025, GnCenergy Co., Ltd closed the transaction. Valuation Update With 7 Day Price Move • Apr 14
Investor sentiment improves as stock rises 35% After last week's 35% share price gain to ₩18,580, the stock trades at a trailing P/E ratio of 7.2x. Average trailing P/E is 19x in the Electrical industry in South Korea. Total returns to shareholders of 306% over the past three years. Reported Earnings • Mar 21
Full year 2024 earnings released: EPS: ₩2,582 (vs ₩739 in FY 2023) Full year 2024 results: EPS: ₩2,582 (up from ₩739 in FY 2023). Revenue: ₩226.3b (up 36% from FY 2023). Net income: ₩38.5b (up 238% from FY 2023). Profit margin: 17% (up from 6.8% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has only increased by 51% per year, which means it is significantly lagging earnings growth. Announcement • Mar 13
GnCenergy Co., Ltd, Annual General Meeting, Mar 26, 2025 GnCenergy Co., Ltd, Annual General Meeting, Mar 26, 2025, at 14:00 Tokyo Standard Time. Location: conference room, 49, magokjungang 2-ro, gangseo-gu, seoul South Korea Valuation Update With 7 Day Price Move • Feb 17
Investor sentiment improves as stock rises 34% After last week's 34% share price gain to ₩16,690, the stock trades at a trailing P/E ratio of 6.2x. Average trailing P/E is 21x in the Electrical industry in South Korea. Total returns to shareholders of 290% over the past three years. Valuation Update With 7 Day Price Move • Jan 15
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₩9,760, the stock trades at a trailing P/E ratio of 3.6x. Average trailing P/E is 22x in the Electrical industry in South Korea. Total returns to shareholders of 134% over the past three years. Upcoming Dividend • Dec 20
Upcoming dividend of ₩70.00 per share Eligible shareholders must have bought the stock before 27 December 2024. Payment date: 14 April 2025. Payout ratio is a comfortable 2.6% and this is well supported by cash flows. Trailing yield: 0.7%. Lower than top quartile of South Korean dividend payers (3.9%). In line with average of industry peers (0.6%). Valuation Update With 7 Day Price Move • Dec 11
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩10,170, the stock trades at a trailing P/E ratio of 3.8x. Average trailing P/E is 19x in the Electrical industry in South Korea. Total returns to shareholders of 122% over the past three years. Reported Earnings • Nov 14
Third quarter 2024 earnings released: EPS: ₩846 (vs ₩78.00 in 3Q 2023) Third quarter 2024 results: EPS: ₩846 (up from ₩78.00 in 3Q 2023). Revenue: ₩74.0b (up 187% from 3Q 2023). Net income: ₩12.7b (up ₩11.5b from 3Q 2023). Profit margin: 17% (up from 4.6% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. New Risk • Nov 12
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of South Korean stocks, typically moving 11% 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: Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Market cap is less than US$100m (₩100.4b market cap, or US$71.4m). Valuation Update With 7 Day Price Move • Nov 12
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to ₩6,730, the stock trades at a trailing P/E ratio of 3.5x. Average trailing P/E is 19x in the Electrical industry in South Korea. Total returns to shareholders of 38% over the past three years. Reported Earnings • Aug 13
Second quarter 2024 earnings released: EPS: ₩1,123 (vs ₩98.00 in 2Q 2023) Second quarter 2024 results: EPS: ₩1,123 (up from ₩98.00 in 2Q 2023). Revenue: ₩37.0b (down 22% from 2Q 2023). Net income: ₩16.7b (up ₩15.2b from 2Q 2023). Profit margin: 45% (up from 3.2% in 2Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 87% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₩5,050, the stock trades at a trailing P/E ratio of 5.6x. Average trailing P/E is 22x in the Electrical industry in South Korea. Total loss to shareholders of 2.6% over the past three years. Announcement • May 16
GnCenergy Co., Ltd (KOSDAQ:A119850) agreed to acquire POSCO INTERNATIONAL POWER (PNGLAE) LTD from Posco International Corporation (KOSE:A047050) for KRW 30 billion. GnCenergy Co., Ltd (KOSDAQ:A119850) agreed to acquire POSCO INTERNATIONAL POWER (PNGLAE) LTD from Posco International Corporation (KOSE:A047050) for KRW 30 billion on May 14, 2024. The transaction is expected to close on June 30, 2024. Valuation Update With 7 Day Price Move • May 13
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to ₩9,860, the stock trades at a trailing P/E ratio of 12.9x. Average trailing P/E is 26x in the Electrical industry in South Korea. Total returns to shareholders of 86% over the past three years. Valuation Update With 7 Day Price Move • Apr 15
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩8,740, the stock trades at a trailing P/E ratio of 11.4x. Average trailing P/E is 20x in the Electrical industry in South Korea. Total returns to shareholders of 48% over the past three years. New Risk • Apr 01
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of South Korean stocks, typically moving 8.2% 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 Risk Earnings have declined by 0.4% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.2% average weekly change). Market cap is less than US$100m (₩105.5b market cap, or US$78.2m). Valuation Update With 7 Day Price Move • Mar 26
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₩5,740, the stock trades at a trailing P/E ratio of 7.5x. Average trailing P/E is 22x in the Electrical industry in South Korea. Total returns to shareholders of 3.8% over the past three years. Reported Earnings • Mar 22
Full year 2023 earnings released: EPS: ₩739 (vs ₩260 in FY 2022) Full year 2023 results: EPS: ₩739 (up from ₩260 in FY 2022). Revenue: ₩166.4b (up 12% from FY 2022). Net income: ₩11.4b (up 176% from FY 2022). Profit margin: 6.8% (up from 2.8% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Upcoming Dividend • Dec 20
Upcoming dividend of ₩50.00 per share at 1.2% yield Eligible shareholders must have bought the stock before 27 December 2023. Payment date: 11 April 2024. Payout ratio is a comfortable 9.2% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of South Korean dividend payers (3.5%). Higher than average of industry peers (0.3%). Reported Earnings • May 17
First quarter 2023 earnings released: EPS: ₩92.00 (vs ₩83.57 in 1Q 2022) First quarter 2023 results: EPS: ₩92.00 (up from ₩83.57 in 1Q 2022). Revenue: ₩28.6b (up 33% from 1Q 2022). Net income: ₩1.44b (up 8.7% from 1Q 2022). Profit margin: 5.0% (down from 6.2% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • May 16
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₩5,870, the stock trades at a trailing P/E ratio of 21.8x. Average trailing P/E is 19x in the Electrical industry in South Korea. Total returns to shareholders of 32% over the past three years. Valuation Update With 7 Day Price Move • Apr 28
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to ₩4,770, the stock trades at a trailing P/E ratio of 17.8x. Average trailing P/E is 20x in the Electrical industry in South Korea. Total returns to shareholders of 23% over the past three years. Upcoming Dividend • Dec 21
Upcoming dividend of ₩50.00 per share Eligible shareholders must have bought the stock before 28 December 2022. Payment date: 10 April 2023. Payout ratio is a comfortable 46% but the company is not cash flow positive. Trailing yield: 1.3%. Lower than top quartile of South Korean dividend payers (3.3%). Higher than average of industry peers (0.9%). Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. No independent directors (7 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. Valuation Update With 7 Day Price Move • Sep 26
Investor sentiment deteriorated over the past week After last week's 19% share price decline to ₩3,620, the stock trades at a trailing P/E ratio of 13.2x. Average trailing P/E is 16x in the Electrical industry in South Korea. Total loss to shareholders of 14% over the past three years. Valuation Update With 7 Day Price Move • Jun 20
Investor sentiment deteriorated over the past week After last week's 18% share price decline to ₩4,165, the stock trades at a trailing P/E ratio of 14.2x. Average trailing P/E is 17x in the Electrical industry in South Korea. Total loss to shareholders of 3.7% over the past three years. Buying Opportunity • May 06
Now 29% undervalued Over the last 90 days, the stock is up 20%. The fair value is estimated to be ₩7,296, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 2.7% over the last 3 years. Earnings per share has declined by 44%. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. No independent directors (7 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 22
Upcoming dividend of ₩50.00 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 11 April 2022. The company is not currently making a profit but it is cash flow positive. Trailing yield: 1.1%. Lower than top quartile of South Korean dividend payers (2.4%). Higher than average of industry peers (0.8%). Announcement • Jun 18
Global K Co., Ltd. signed a contract to acquire 19.23% stake in G Enone Energy Co., Ltd. (KOSDAQ:A270520) from GnCenergy Co., Ltd (KOSDAQ:A119850) for KRW 30 billion. Global K Co., Ltd. signed a contract to acquire 19.23% stake in G Enone Energy Co., Ltd. (KOSDAQ:A270520) from GnCenergy Co., Ltd (KOSDAQ:A119850) for KRW 30 billion on June 16, 2021. The consideration shall be paid in cash in two installments to acquire 6 million shares of which 10% equivalent to KRW 3 billion for 0.6 million shares shall be paid on signing the contact on June 16, 2021 and remaining KRW 27 billion for 5.4 million shares at the time of closing. Currently, GnCenergy Co., Ltd is the largest shareholder holding 37.06% stake in G Enone Energy Co., Ltd. which will be reduced to 17.83% post completion. The transaction is expected to close on September 14, 2021. Is New 90 Day High Low • Mar 08
New 90-day low: ₩5,890 The company is down 3.0% from its price of ₩6,080 on 08 December 2020. The South Korean market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electrical industry, which is down 1.0% over the same period. Upcoming Dividend • Dec 22
Upcoming Dividend of ₩50.00 Per Share Will be paid on the 10th of April to those who are registered shareholders by the 29th of December. The trailing yield of 0.8% is below the top quartile of South Korean dividend payers (2.6%), and is lower than industry peers (1.2%). Valuation Update With 7 Day Price Move • Nov 09
Market bids up stock over the past week After last week's 26% share price gain to ₩7,180, the stock is trading at a trailing P/E ratio of 19.2x, up from the previous P/E ratio of 15.2x. This compares to an average P/E of 18x in the Electrical industry in South Korea. Total returns to shareholders over the past three years are 51%. 
