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GS Engineering & Construction Corporation (006360) Fair Value & Analysis

Industrials · KR · Market cap 2.9T KRW

GE GS Engineering & Construction Corporation 006360 · KO
Price31,650 KRW
Fair Value23,135 KRW
Upside-26.9%
Quality49/100
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Mixed Growth
Thin margins · 0.6% net margin
Moderate debt · generates free cash flow
1.72% dividend yield
Trails peers (3/11)
Narrow moat 20/100
Evidence: Medium Range 17,351 KRW – 28,918 KRW Share as image

Fair value as of: Jul 24, 2026

From 25 valuation models · updated 17 days ago

Share price +11.4% over the past month.

Below-average quality, and screening another 27% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (28,918 KRW). The favourable scenario is already priced in.
  • Solid but not exceptional quality (49/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

43,837 KRW 12,284 KRW Fair Value 23,135 KRW Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 24, 2026.

How to read this chart

60‑month range 12,284 KRW – 43,837 KRW · fair‑value band 17,351 KRW – 28,918 KRW · the 31,650 KRW price screens above the 23,135 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 24, 2026.

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Analysis

GS Engineering & Construction Corporation (006360) currently trades at 31,650 KRW, while our model-based Fair Value estimate is 23,135 KRW, implying the stock looks roughly 26.9% overvalued today. The Quality Score stands at 49/100 (below-average quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).

Over the trailing twelve months, GS Engineering & Construction Corporation generated revenue of 11.8T KRW at a net margin of 0.6%. Revenue declined 21.6% year over year. It earns a return on equity of 1.7%. Net debt stands at 3.1T KRW. Fundamentals as of Jul 24, 2026

Our scenario range runs from 17,351 KRW (bear case) to 28,918 KRW (bull case); at 31,650 KRW, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 29% below its 52-week high and 82% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -45% fair-value upside, at -27%, 006360 screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth DCF 30,390 KRW 48,489 KRW 74,673 KRW 80
Residual Income 40,379 KRW 38,679 KRW 31,110 KRW 76
Rev-Margin DCF 33,580 KRW 58,971 KRW 86,338 KRW 74
All 25 models by family
DCF Models
FCF DCF 29,125 KRW 48,557 KRW 77,950 KRW 38
Owner Earnings 264.28 KRW 31
5Y Revenue Exit 33,580 KRW 58,755 KRW 90,032 KRW 39
5Y EBITDA Exit 49,206 KRW 86,732 KRW 129,077 KRW 41
5Y P/E Exit 13,256 KRW 22,364 KRW 31,309 KRW 38
10Y Revenue Exit 30,134 KRW 52,750 KRW 81,263 KRW 36
10Y EBITDA Exit 41,641 KRW 72,165 KRW 110,552 KRW 37
10Y P/E Exit 18,600 KRW 27,497 KRW 37,212 KRW 35
Earnings-Based
Graham-Dodd 7,491 KRW 18,290 KRW 23,660 KRW 54
PEG = 1.0 3,270 KRW 4,671 KRW 6,072 KRW 46
EPV 17,398 KRW 22,306 KRW 26,668 KRW 59
Dividend Discount
Gordon GGM 4,742 KRW 8,922 KRW 14,913 KRW 70
DDM Multi-Stage 4,742 KRW 7,253 KRW 10,123 KRW 61
Multiples
P/E Multiple 17,351 KRW 23,135 KRW 28,918 KRW 63
P/S Multiple 14,046 KRW 18,728 KRW 23,410 KRW 58
P/B Multiple 14,046 KRW 18,728 KRW 23,410 KRW 55
EV/EBIT 58,643 KRW 81,661 KRW 104,679 KRW 53
EV/EBITDA 69,652 KRW 96,341 KRW 123,029 KRW 54
EV/Revenue 38,874 KRW 59,997 KRW 81,119 KRW 43
Asset-Based
NCAV (Graham) 28,231 KRW 37,829 KRW 56,462 KRW 50
Growth DCF
Growth DCF 30,390 KRW 48,489 KRW 74,673 KRW 80
Rev-Margin DCF 33,580 KRW 58,971 KRW 86,338 KRW 74
Economic Profit
Residual Income 40,379 KRW 38,679 KRW 31,110 KRW 76
ROIC Compounder 17,398 KRW 22,306 KRW 26,668 KRW 72
Growth Earnings
Growth-Adj P/E 13,278 KRW 18,969 KRW 24,660 KRW 68

Widest divergence: DCF Models (52,750 KRW) versus Dividend Discount (7,253 KRW). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 11.8T KRW
Revenue growth (YoY) -21.6%
Net margin 0.6%
Return on equity 1.7%
Free cash flow 297B KRW FY2025
Operating margin 2.8%
More key figures
Dividend yield 1.7%
EPS growth (YoY) -91.6%
Net debt 3.1T KRW FY2025

Figures from reported company fundamentals · as of Jul 24, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 49/100

Of which business quality 47 · Market factors (momentum, volatility) 60

Profitability 23
Margins and returns on capital today
Quality Growth 41
Are margins and returns improving?
Cashflow 44
Earnings quality: real cash, not paper profit
Fin. Strength 27
Balance sheet, leverage, solvency risk
Investment 95
Disciplined investing over empire-building
Low Volatility 41
Calm price path (market factor)
Momentum 63
Price trend over the last 3–12 months (market factor)
52W Momentum 75
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

GS Engineering & Construction Corporation engages in the civil works and construction, sales of new houses, repairs and maintenance, overseas general construction, and technology consultation activities in South Korea and internationally.

Full company description

GS Engineering & Construction Corporation engages in the civil works and construction, sales of new houses, repairs and maintenance, overseas general construction, and technology consultation activities in South Korea and internationally. It operates through Architectural & Housing Construction, New Business, Plant Construction, Infra Works, Green Business, and Others segments. The Architectural & Housing Construction segment builds and markets office building, factory, apartment and others. The New Business segment engages in the development of overseas and other activities. The Plant Construction segment constructs petroleum refineries, gas, petrochemical, waste and water treatment plants. The Infra Works segment constructs roads, railways, water reservoirs, ports, industrial parks, and underground structures, as well as privately funded infrastructure projects. The Green Business segment includes wastewater treatment plants, power plants, district heating, power control facility, and other businesses. The Others segment constructs resorts and other construction. The company was formerly known as LG Engineering & Construction Co., Ltd. and changed its name to GS Engineering & Construction Corporation in March 2005. GS Engineering & Construction Corporation was incorporated in 1969 and is based in Seoul, South Korea.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

GS Engineering & Construction Corporation reported revenue of 12.5T KRW in FY2025 versus 9.0T KRW in FY2021, a compound +8.3%/yr. Reported net income was 93.5B KRW in FY2025, compounding −30.8%/yr from FY2021.

Growth Quality 56/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
12.5T KRW
Latest YoY
−3.2%
Avg. growth/yr (3Y)
+0.4%
Avg. growth/yr (5Y)
+4.2%
Avg. growth/yr (25Y)
+6.0%
Revenue +8.3%/yr
FY21 9.0T KRW
FY22 12.3T KRW
FY23 13.4T KRW
FY24 12.9T KRW
FY25 12.5T KRW
Net income −30.8%/yr
FY21 408B KRW
FY22 339B KRW
FY23 −482B KRW
FY24 246B KRW
FY25 93.5B KRW

006360 screens 27% overvalued. Compare with Larsen & Toubro Limited →

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Cite: Fair Value Calculator (2026). "GS Engineering & Construction Corporation Fair Value". https://www.fairvalue-calculator.com/stock/006360

Peer Group

Engineering & Construction · 837 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 49 · Below median
Fair Value upside −27% · Below median
Return on equity (TTM) 2% · Below median
Return on assets 1% · Below median
Net margin (TTM) 1% · Below median
Operating margin (TTM) 3% · Below median
Revenue growth -22% · Bottom 25%
Dividend yield (TTM) 1.7% · Above median
Debt / equity 0.81× · Higher than 75% of peers

Valuation Multiples vs Engineering & Construction median · lower = cheaper

P/FCF 0.0× · Cheaper than 75% of peers
EV/EBITDA 1.4× · Cheaper than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 16
FUTURE 0 · sector 18
PAST 7 · sector 26
HEALTH 59 · sector 94
DIVIDEND 34 · sector 33

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Engineering & Construction stocks, each showing price versus our Fair Value estimate (as of Jul 24, 2026).

Stock Price Fair Value vs Fair Value
Larsen & Toubro Limited LT ₹3,815 ₹1,994 -48%
Samsung C&T Corporation 028260 346,000 KRW 268,779 KRW -22%
Hyundai Engineering & Construction Co 000720 99,000 KRW 63,993 KRW -35%
United Integrated Services Co 2404 1,250 TWD 925.62 TWD -26%
Samsung E&A Co 028050 42,550 KRW 44,840 KRW +5%
Rail Vikas Nigam Limited RVNL ₹232.67 ₹61.46 -74%
Daewoo Engineering & Construction Co 047040 16,240 KRW 6,507 KRW -60%
NBCC (India) Limited NBCC ₹96.32 ₹48.22 -50%
Cemindia Projects Limited CEMPRO ₹1,330 ₹730.69 -45%
KEPCO Engineering & Construction Company 052690 92,700 KRW 20,172 KRW -78%

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Frequently asked questions

Is GS Engineering & Construction Corporation (006360) overvalued or undervalued?
As of Jul 24, 2026, our model estimates a fair value of 23,135 KRW versus a price of 31,650 KRW, about −27% (overvalued).
What is the fair value of 006360?
Our model-based fair value for GS Engineering & Construction Corporation is 23,135 KRW (as of Jul 24, 2026), built from audited fundamentals. The current price is 31,650 KRW.
What is the quality score of 006360?
GS Engineering & Construction Corporation has a Quality Score of 49/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of GS Engineering & Construction Corporation (006360)?
GS Engineering & Construction Corporation reported trailing-twelve-month revenue of about 11.8T KRW (latest available figure, as of Jul 24, 2026).
What is the net profit margin of 006360?
The net profit margin of GS Engineering & Construction Corporation is about 0.6%, meaning it keeps roughly 0.6% of revenue as net income. Based on the latest reported figures.
Does GS Engineering & Construction Corporation pay a dividend?
GS Engineering & Construction Corporation currently shows a dividend yield of about 1.74% relative to its recent price (as of Jul 24, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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