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A036

Korea Gas KOSE:A036460 Stock Report

Last Price

₩33.80k

Market Cap

₩2.9t

7D

-6.1%

1Y

-29.1%

Updated

30 Sep, 2022

Data

Company Financials +
A036460 fundamental analysis
Snowflake Score
Valuation6/6
Future Growth0/6
Past Performance4/6
Financial Health0/6
Dividends4/6

A036460 Stock Overview

Korea Gas Corporation engages in the exploration, development, production, import, and wholesale of liquefied natural gas (LNG), compressed natural gas, and natural gas in South Korea and internationally.

Korea Gas Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Korea Gas
Historical stock prices
Current Share Price₩33,800.00
52 Week High₩51,800.00
52 Week Low₩33,000.00
Beta0.83
1 Month Change-22.30%
3 Month Change-12.77%
1 Year Change-29.07%
3 Year Change-15.08%
5 Year Change-19.72%
Change since IPO3.05%

Recent News & Updates

Shareholder Returns

A036460KR Gas UtilitiesKR Market
7D-6.1%-2.2%-5.5%
1Y-29.1%9.3%-28.7%

Return vs Industry: A036460 underperformed the KR Gas Utilities industry which returned 9.3% over the past year.

Return vs Market: A036460 matched the KR Market which returned -28.7% over the past year.

Price Volatility

Is A036460's price volatile compared to industry and market?
A036460 volatility
A036460 Average Weekly Movement6.2%
Gas Utilities Industry Average Movement4.2%
Market Average Movement5.9%
10% most volatile stocks in KR Market10.7%
10% least volatile stocks in KR Market3.6%

Stable Share Price: A036460 is not significantly more volatile than the rest of KR stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: A036460's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19834,261Hee-Bong Chaehttps://www.kogas.or.kr

Korea Gas Corporation engages in the exploration, development, production, import, and wholesale of liquefied natural gas (LNG), compressed natural gas, and natural gas in South Korea and internationally. The company offers LNG to power generation plants, power generating companies, and city gas companies. It also engages in oil and gas exploration, development, and production projects in various locations, including Australia, Iraq, and Mozambique; and LNG terminal operation and maintenance activities.

Korea Gas Fundamentals Summary

How do Korea Gas's earnings and revenue compare to its market cap?
A036460 fundamental statistics
Market Cap₩2.93t
Earnings (TTM)₩1.37t
Revenue (TTM)₩37.80t

2.1x

P/E Ratio

0.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
A036460 income statement (TTM)
Revenue₩37.80t
Cost of Revenue₩35.75t
Gross Profit₩2.05t
Other Expenses₩676.26b
Earnings₩1.37t

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)16.01k
Gross Margin5.43%
Net Profit Margin3.64%
Debt/Equity Ratio278.2%

How did A036460 perform over the long term?

See historical performance and comparison

Dividends

8.1%

Current Dividend Yield

17%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is A036460 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

6/6

Valuation Score 6/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for A036460?

Other financial metrics that can be useful for relative valuation.

A036460 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.8x
Enterprise Value/EBITDA9.5x
PEG Ratio-0.4x

Price to Earnings Ratio vs Peers

How does A036460's PE Ratio compare to its peers?

A036460 PE Ratio vs Peers
The above table shows the PE ratio for A036460 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average38.6x
A016710 Daesung Holdings
62.1xn/a₩1.4t
A017390 Seoul City Gas
56.3xn/a₩1.1t
A004690 SamchullyLtd
12xn/a₩909.1b
A117580 Daesung Energy
25.8xn/a₩310.0b
A036460 Korea Gas
2.1x-5.8%₩2.9t

Price-To-Earnings vs Peers: A036460 is good value based on its Price-To-Earnings Ratio (2.1x) compared to the peer average (38.6x).


Price to Earnings Ratio vs Industry

How does A036460's PE Ratio compare vs other companies in the Asian Gas Utilities Industry?

Price-To-Earnings vs Industry: A036460 is good value based on its Price-To-Earnings Ratio (2.1x) compared to the Asian Gas Utilities industry average (16.2x)


Price to Earnings Ratio vs Fair Ratio

What is A036460's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

A036460 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio2.1x
Fair PE Ratio5.1x

Price-To-Earnings vs Fair Ratio: A036460 is good value based on its Price-To-Earnings Ratio (2.1x) compared to the estimated Fair Price-To-Earnings Ratio (5.1x).


Share Price vs Fair Value

What is the Fair Price of A036460 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: A036460 (₩33800) is trading below our estimate of fair value (₩207097.02)

Significantly Below Fair Value: A036460 is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.


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Future Growth

How is Korea Gas forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


-5.8%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: A036460's earnings are forecast to decline over the next 3 years (-5.8% per year).

Earnings vs Market: A036460's earnings are forecast to decline over the next 3 years (-5.8% per year).

High Growth Earnings: A036460's earnings are forecast to decline over the next 3 years.

Revenue vs Market: A036460's revenue (0.3% per year) is forecast to grow slower than the KR market (9.9% per year).

High Growth Revenue: A036460's revenue (0.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: A036460's Return on Equity is forecast to be low in 3 years time (9.4%).


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Past Performance

How has Korea Gas performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


61.5%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: A036460 has a large one-off gain of ₩528.5B impacting its June 30 2022 financial results.

Growing Profit Margin: A036460's current net profit margins (3.6%) are higher than last year (1.2%).


Past Earnings Growth Analysis

Earnings Trend: A036460 has become profitable over the past 5 years, growing earnings by 61.5% per year.

Accelerating Growth: A036460's earnings growth over the past year (445.4%) exceeds its 5-year average (61.5% per year).

Earnings vs Industry: A036460 earnings growth over the past year (445.4%) exceeded the Gas Utilities industry 8.2%.


Return on Equity

High ROE: A036460's Return on Equity (14%) is considered low.


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Financial Health

How is Korea Gas's financial position?

Financial Health Score

0/6

Financial Health Score 0/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: A036460's short term assets (₩10,742.4B) do not cover its short term liabilities (₩13,733.5B).

Long Term Liabilities: A036460's short term assets (₩10,742.4B) do not cover its long term liabilities (₩21,478.0B).


Debt to Equity History and Analysis

Debt Level: A036460's net debt to equity ratio (268.6%) is considered high.

Reducing Debt: A036460's debt to equity ratio has increased from 240% to 278.2% over the past 5 years.

Debt Coverage: A036460's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: A036460's interest payments on its debt are not well covered by EBIT (2.4x coverage).


Balance Sheet


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Dividend

What is Korea Gas's current dividend yield, its reliability and sustainability?

Dividend Score

4/6

Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


8.07%

Current Dividend Yield

Dividend Yield vs Market

Korea Gas Dividend Yield vs Market
How does Korea Gas dividend yield compare to the market?
SegmentDividend Yield
Company (Korea Gas)8.1%
Market Bottom 25% (KR)1.1%
Market Top 25% (KR)3.5%
Industry Average (Gas Utilities)3.9%
Analyst forecast in 3 Years (Korea Gas)7.8%

Notable Dividend: A036460's dividend (8.07%) is higher than the bottom 25% of dividend payers in the KR market (1.14%).

High Dividend: A036460's dividend (8.07%) is in the top 25% of dividend payers in the KR market (3.54%)


Stability and Growth of Payments

Stable Dividend: A036460's dividend payments have been volatile in the past 10 years.

Growing Dividend: A036460's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (17.1%), A036460's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: A036460 is paying a dividend but the company has no free cash flows.


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Management

How experienced are the management team and are they aligned to shareholders interests?

1.7yrs

Average board tenure


CEO

Hee-Bong Chae (57 yo)

3.17yrs

Tenure

Mr. Hee-Bong Chae is Standing director, President and Chief Executive Officer of the Korea Gas Corporation since July 9, 2019. He is Deputy Minister for International Trade and Investment, Ministry of Trad...


Board Members

Experienced Board: A036460's board of directors are not considered experienced ( 1.7 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

What is the ownership structure of A036460?
Owner TypeNumber of SharesOwnership Percentage
Employee Share Scheme2,154,2892.5%
Institutions11,730,13613.7%
Public Companies18,900,00022.0%
State or Government24,144,35328.1%
General Public28,898,17233.7%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Top 25 shareholders own 55.23% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
28.13%
South Korea
24,144,353₩816.1b0%no data
22.02%
Korea Electric Power Corporation
18,900,000₩638.8b0%no data
2.51%
Korea Gas Corp. ESOP
2,154,289₩72.8b-1.72%no data
1.02%
The Vanguard Group, Inc.
878,312₩29.7b1.19%no data
0.29%
J.P. Morgan Asset Management, Inc.
247,843₩8.4b1.32%no data
0.21%
Dimensional Fund Advisors LP
184,373₩6.2b-0.89%no data
0.21%
Norges Bank Investment Management
178,898₩6.0b0%no data
0.17%
Causeway Capital Management LLC
143,276₩4.8b-12.33%0.02%
0.14%
Charles Schwab Investment Management, Inc.
122,245₩4.1b0.77%no data
0.078%
Mirae Asset Global Investments Co., Ltd
67,146₩2.3b17.56%no data
0.072%
Caisse de dépôt et placement du Québec
61,825₩2.1b0%no data
0.071%
Royal London Asset Management Limited
60,535₩2.0b0%no data
0.058%
Pacific Investment Management Company LLC
50,135₩1.7b0.69%0.01%
0.039%
RAM Active Investments S.A.
33,628₩1.1b-39.33%0.1%
0.031%
SEI Investments Company
26,202₩885.6m11.77%no data
0.029%
Mercer Global Investments Europe Limited
25,023₩845.8m0%no data
0.027%
Legal & General Investment Management Limited
23,465₩793.1m0%no data
0.017%
Franklin Resources, Inc.
14,838₩501.5m20.13%no data
0.015%
State Street Global Advisors, Inc.
13,121₩443.5m-0.97%no data
0.015%
AXA Investment Managers S.A.
13,038₩440.7m0%no data
0.014%
Mackenzie Financial Corporation
12,414₩419.6m0%no data
0.014%
Russell Investment Management, LLC
12,317₩416.3m0%no data
0.014%
Rafferty Asset Management, LLC
11,993₩405.4m-5.52%no data
0.014%
Invesco Capital Management LLC
11,883₩401.6m-18.87%no data
0.014%
Fidelity International Ltd
11,829₩399.8m0%no data

Company Information

Korea Gas Corporation's employee growth, exchange listings and data sources


Key Information

  • Name: Korea Gas Corporation
  • Ticker: A036460
  • Exchange: KOSE
  • Founded: 1983
  • Industry: Gas Utilities
  • Sector: Utilities
  • Implied Market Cap: ₩2.927t
  • Shares outstanding: 85.83m
  • Website: https://www.kogas.or.kr

Number of Employees


Location

  • Korea Gas Corporation
  • 120, Cheomdan-ro
  • Dong-gu
  • Daegu
  • 41062
  • South Korea


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
A036460KOSE (Korea Stock Exchange)YesCommon StockKRKRWDec 1999

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/30 00:00
End of Day Share Price2022/09/30 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.