New Risk • Jun 02
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported September 2025 fiscal period end). Share price has been volatile over the past 3 months (16% average weekly change). Valuation Update With 7 Day Price Move • Mar 18
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₩9,760, the stock trades at a trailing P/E ratio of 9.8x. Average trailing P/E is 4x in the Gas Utilities industry in South Korea. Total returns to shareholders of 19% over the past three years. Announcement • Mar 13
Daesung Energy Co., Ltd., Annual General Meeting, Mar 26, 2026 Daesung Energy Co., Ltd., Annual General Meeting, Mar 26, 2026, at 10:00 Tokyo Standard Time. Location: auditorium, 85, myeongdeok-ro, jung-gu, daegu South Korea New Risk • Mar 04
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. Valuation Update With 7 Day Price Move • Mar 03
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to ₩10,450, the stock trades at a trailing P/E ratio of 10.5x. Average trailing P/E is 5x in the Gas Utilities industry in South Korea. Total returns to shareholders of 22% over the past three years. Buy Or Sell Opportunity • Feb 19
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 3.5% to ₩8,330. The fair value is estimated to be ₩6,938, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 66%. Buy Or Sell Opportunity • Jan 30
Now 20% overvalued The stock has been flat over the last 90 days, currently trading at ₩8,240. The fair value is estimated to be ₩6,850, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 66%. Buy Or Sell Opportunity • Dec 03
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 2.9% to ₩8,250. The fair value is estimated to be ₩6,850, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 66%. Reported Earnings • Aug 20
Second quarter 2025 earnings released: EPS: ₩68.00 (vs ₩164 loss in 2Q 2024) Second quarter 2025 results: EPS: ₩68.00 (up from ₩164 loss in 2Q 2024). Revenue: ₩171.0b (up 9.2% from 2Q 2024). Net income: ₩1.86b (up ₩6.31b from 2Q 2024). Profit margin: 1.1% (up from net loss in 2Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. New Risk • Jul 17
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. Cash payout ratio: 0% Dividend yield: 2.9% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Shares are highly illiquid. Minor Risk Dividend is not well covered by cash flows (0% cash payout ratio). Valuation Update With 7 Day Price Move • Jun 30
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to ₩8,330, the stock trades at a trailing P/E ratio of 11.4x. Average trailing P/E is 5x in the Gas Utilities industry in South Korea. Total loss to shareholders of 17% over the past three years. New Risk • Jun 24
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 9.1% 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. Valuation Update With 7 Day Price Move • Jun 13
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to ₩10,010, the stock trades at a trailing P/E ratio of 13.7x. Average trailing P/E is 6x in the Gas Utilities industry in South Korea. Total loss to shareholders of 12% over the past three years. Announcement • Feb 28
Daesung Energy Co., Ltd., Annual General Meeting, Mar 28, 2025 Daesung Energy Co., Ltd., Annual General Meeting, Mar 28, 2025, at 09:30 Tokyo Standard Time. Location: auditorium, 85, myeongdeok-ro, jung-gu, daegu South Korea Valuation Update With 7 Day Price Move • Sep 26
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩10,590, the stock trades at a trailing P/E ratio of 17.9x. Average trailing P/E is 7x in the Gas Utilities industry in South Korea. Total returns to shareholders of 1.0% over the past three years. Valuation Update With 7 Day Price Move • Aug 22
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₩9,530, the stock trades at a trailing P/E ratio of 13.7x. Average trailing P/E is 8x in the Gas Utilities industry in South Korea. Total returns to shareholders of 62% over the past three years. Valuation Update With 7 Day Price Move • Jul 31
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩10,200, the stock trades at a trailing P/E ratio of 14.7x. Average trailing P/E is 8x in the Gas Utilities industry in South Korea. Total returns to shareholders of 75% over the past three years. New Risk • Jun 03
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: Major Risk Earnings have declined by 14% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (11% average weekly change). Valuation Update With 7 Day Price Move • Jun 03
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to ₩10,990, the stock trades at a trailing P/E ratio of 15.8x. Average trailing P/E is 9x in the Gas Utilities industry in South Korea. Total returns to shareholders of 78% over the past three years. Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₩9,550, the stock trades at a trailing P/E ratio of 17.4x. Average trailing P/E is 9x in the Gas Utilities industry in South Korea. Total returns to shareholders of 88% over the past three years. Reported Earnings • Mar 15
Full year 2023 earnings released: EPS: ₩549 (vs ₩28.00 loss in FY 2022) Full year 2023 results: EPS: ₩549 (up from ₩28.00 loss in FY 2022). Revenue: ₩999.5b (down 2.1% from FY 2022). Net income: ₩14.9b (up ₩15.7b from FY 2022). Profit margin: 1.5% (up from net loss in FY 2022). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. Upcoming Dividend • Dec 20
Upcoming dividend of ₩250 per share at 3.1% yield Eligible shareholders must have bought the stock before 27 December 2023. Payment date: 25 April 2024. The company is not currently making a profit and is not cash flow positive. Trailing yield: 3.1%. Lower than top quartile of South Korean dividend payers (3.5%). Lower than average of industry peers (10%). New Risk • Oct 10
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 9.3% 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 Risks Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 18% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (9.3% average weekly change). Reported Earnings • Mar 22
Full year 2022 earnings released: ₩28.00 loss per share (vs ₩435 profit in FY 2021) Full year 2022 results: ₩28.00 loss per share (down from ₩435 profit in FY 2021). Revenue: ₩1.02t (up 33% from FY 2021). Net loss: ₩755.4m (down 106% from profit in FY 2021). Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 31% per year, which means it is well ahead of earnings. Announcement • Feb 14
Daesung Energy Co., Ltd. (KOSE:A117580) announces an Equity Buyback for ZAR 3,000 million worth of its shares. Daesung Energy Co., Ltd. (KOSE:A117580) announces a share repurchase program. Under the program, the company will repurchase up to KRW 3,000 million worth of its shares pursuant to a contract with KB Securities Co., Ltd. The purpose of the program is to maintain price stability and increase the shareholder value. The program will expire on August 13, 2023. As of February 12, 2023, the company had 305,454 shares in treasury within scope available for dividend and had no shares in treasury through other repurchase. Valuation Update With 7 Day Price Move • Jan 26
Investor sentiment improves as stock rises 34% After last week's 34% share price gain to ₩11,630, the stock trades at a trailing P/E ratio of 29.3x. Average trailing P/E is 17x in the Gas Utilities industry in South Korea. Total returns to shareholders of 157% over the past three years. Valuation Update With 7 Day Price Move • Dec 29
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₩9,140, the stock trades at a trailing P/E ratio of 23.1x. Average trailing P/E is 17x in the Gas Utilities industry in South Korea. Total returns to shareholders of 94% over the past three years. Upcoming Dividend • Dec 21
Upcoming dividend of ₩250 per share Eligible shareholders must have bought the stock before 28 December 2022. Payment date: 21 April 2023. Payout ratio is a comfortable 63% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of South Korean dividend payers (3.3%). Lower than average of industry peers (3.2%). Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment deteriorated over the past week After last week's 20% share price decline to ₩11,550, the stock trades at a trailing P/E ratio of 34.1x. Average trailing P/E is 30x in the Gas Utilities industry in South Korea. Total returns to shareholders of 134% over the past three years. Reported Earnings • May 22
First quarter 2022 earnings released: EPS: ₩437 (vs ₩530 in 1Q 2021) First quarter 2022 results: EPS: ₩437 (down from ₩530 in 1Q 2021). Revenue: ₩341.8b (up 19% from 1Q 2021). Net income: ₩11.9b (down 19% from 1Q 2021). Profit margin: 3.5% (down from 5.1% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 38% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Apr 29
Investor sentiment improved over the past week After last week's 58% share price gain to ₩17,650, the stock trades at a trailing P/E ratio of 40.3x. Average trailing P/E is 31x in the Gas Utilities industry in South Korea. Total returns to shareholders of 254% over the past three years. Valuation Update With 7 Day Price Move • Feb 17
Investor sentiment improved over the past week After last week's 18% share price gain to ₩9,790, the stock trades at a trailing P/E ratio of 18.1x. Average trailing P/E is 14x in the Gas Utilities industry in South Korea. Total returns to shareholders of 105% over the past three years. Valuation Update With 7 Day Price Move • Feb 01
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₩7,830, the stock trades at a trailing P/E ratio of 14.5x. Average trailing P/E is 13x in the Gas Utilities industry in South Korea. Total returns to shareholders of 66% over the past three years. Valuation Update With 7 Day Price Move • Dec 22
Investor sentiment improved over the past week After last week's 37% share price gain to ₩10,200, the stock trades at a trailing P/E ratio of 18.9x. Average trailing P/E is 13x in the Gas Utilities industry in South Korea. Total returns to shareholders of 111% over the past three years. Upcoming Dividend • Dec 22
Upcoming dividend of ₩250 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 21 April 2022. Payout ratio is a comfortable 47% and the cash payout ratio is 85%. Trailing yield: 3.2%. Within top quartile of South Korean dividend payers (2.4%). Lower than average of industry peers (4.5%). Valuation Update With 7 Day Price Move • Oct 22
Investor sentiment deteriorated over the past week After last week's 19% share price decline to ₩10,350, the stock trades at a trailing P/E ratio of 20.5x. Average trailing P/E is 13x in the Gas Utilities industry in South Korea. Total returns to shareholders of 123% over the past three years. Valuation Update With 7 Day Price Move • Sep 28
Investor sentiment improved over the past week After last week's 17% share price gain to ₩10,650, the stock trades at a trailing P/E ratio of 21.1x. Average trailing P/E is 11x in the Gas Utilities industry in South Korea. Total returns to shareholders of 113% over the past three years. Valuation Update With 7 Day Price Move • Sep 09
Investor sentiment improved over the past week After last week's 27% share price gain to ₩8,110, the stock trades at a trailing P/E ratio of 13.3x. Average trailing P/E is 10x in the Gas Utilities industry in South Korea. Total returns to shareholders of 61% over the past three years. Announcement • May 27
Daesung Energy Co., Ltd. (KOSE:A117580) announces an Equity Buyback for KRW 5,000 million worth of its shares. Daesung Energy Co., Ltd. (KOSE:A117580) announces a share repurchase program. Under the program, the company will repurchase up to KRW 5,000 million worth of its shares pursuant to a contract with KB Securities Co., Ltd. The purpose of the program is to maintain price stability and increase the shareholder value. The program will expire on December 2, 2021. As of May 26, 2021, the company had no shares in treasury within scope available for dividend and had no shares in treasury through other repurchase. Announcement • Mar 10
Daesung Energy Co., Ltd., Annual General Meeting, Mar 29, 2021 Daesung Energy Co., Ltd., Annual General Meeting, Mar 29, 2021, at 09:30 Korea Standard Time. Is New 90 Day High Low • Jan 29
New 90-day low: ₩5,100 The company is down 4.0% from its price of ₩5,300 on 30 October 2020. The South Korean market is up 33% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Gas Utilities industry, which is up 14% over the same period. Is New 90 Day High Low • Jan 11
New 90-day low: ₩5,220 The company is down 5.0% from its price of ₩5,490 on 13 October 2020. The South Korean market is up 29% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Gas Utilities industry, which is up 18% over the same period. Upcoming Dividend • Dec 22
Upcoming Dividend of ₩250 Per Share Will be paid on the 20th of April to those who are registered shareholders by the 29th of December. The trailing yield of 4.5% is in the top quartile of South Korean dividend payers (2.6%), and it is higher than industry peers (1.8%). Is New 90 Day High Low • Oct 08
New 90-day high: ₩5,440 The company is up 13% from its price of ₩4,835 on 10 July 2020. The South Korean market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Gas Utilities industry, which is up 8.0% over the same period.