Kyungdong Invest Co (012320) Fair Value & Analysis
Utilities · KR · Market cap 97.1B KRW
Fair value as of: Jul 22, 2026
From 23 valuation models · updated 19 days ago
Fair value updated Jul 22, 2026, revised from 99,142 KRW to 99,214 KRW (+0.1%) since Jun 25, 2026. Share price +3.4% over the past month.
A solid business, screening 106% undervalued on our models.
What matters now
- The price is below even our cautious bear case (85,529 KRW). The market is more pessimistic than our downside scenario.
- Solid quality (52/100) at a price below fair value, the discount is the argument here, not the business quality.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 22, 2026.
How to read this chart
60‑month range 26,972 KRW – 150,268 KRW · fair‑value band 85,529 KRW – 122,784 KRW · the 48,100 KRW price screens below the 99,214 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 22, 2026.
Analysis
Kyungdong Invest Co (012320) currently trades at 48,100 KRW, while our model-based Fair Value estimate is 99,214 KRW, implying the stock looks roughly 106.3% undervalued today. The Quality Score stands at 52/100 (solid quality), in the Utilities sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.
Over the trailing twelve months, Kyungdong Invest Co generated revenue of 264B KRW at a net margin of 6.6%. Revenue declined 18.4% year over year. It earns a return on equity of 3.6%. Net debt stands at 14.5B KRW. Fundamentals as of Jul 22, 2026
Our scenario range runs from 85,529 KRW (bear case) to 122,784 KRW (bull case); at 48,100 KRW, the current price sits below 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 54% below its 52-week high and 5% above its 52-week low, currently below its 200-day average. For context, the median of 10 Utilities peers we cover trades at -19% fair-value upside, at 106%, 012320 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.
All 23 models by family
Widest divergence: Asset-Based (152,150 KRW) versus Dividend Discount (7,588 KRW). Highest evidence: Growth DCF (80).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 22, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 49 · Market factors (momentum, volatility) 22
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
Kyungdong Invest Co., Ltd primarily engages in the supply of city gas in South Korea. The company supplies gas to households through pipelines, as well as compressed natural gas fuel to natural gas bus vehicles in Ulsan Metropolitan and Yangsan cities.
Full company description
Kyungdong Invest Co., Ltd primarily engages in the supply of city gas in South Korea. The company supplies gas to households through pipelines, as well as compressed natural gas fuel to natural gas bus vehicles in Ulsan Metropolitan and Yangsan cities. It also produces anthracite coal and biomass; engages in energy conservation activities; and offers energy diagnosis systems, gas heating and cooling systems, and gas cogeneration systems. In addition, the company is involved in the waste heat and pressure power generation activities; and construction of gas facilities, industrial plants, and civil engineering/building equipment. Further, it engages in the sea/air transportation, inland transportation, and export transportation; and operation of bonded warehouses, container yards, and container freight stations, as well as provides port unloading/shipping services. Kyungdong Invest Co., Ltd was founded in 1977 and is headquartered in Seongnam-si, South Korea.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Kyungdong Invest Co reported revenue of 276B KRW in FY2025 versus 298B KRW in FY2021, a compound −1.9%/yr. Reported net income was 18.5B KRW in FY2025, compounding +6.0%/yr from FY2021.
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Peer Group
Utilities - Regulated Gas · 104 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.
Valuation Multiples vs Utilities - Regulated Gas median · lower = cheaper
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.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Utilities - Regulated Gas stocks, each showing price versus our Fair Value estimate (as of Jul 22, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Naturgy Energy Group NTGY | €28.84 | €35.80 | +24% |
| Atmos Energy Corporation ATO | $177.68 | $85.67 | -52% |
| NiSource Inc NI | $47.07 | $28.59 | -39% |
| Uniper SE UN0 | €42.80 | €49.13 | +15% |
| The Hong Kong and China Gas Company 0003 | HK$7.03 | HK$5.08 | -28% |
| Italgas S.p.A IG | €9.98 | €8.11 | -19% |
| GAIL (India) Limited GAIL | ₹171.71 | ₹147.74 | -14% |
| Adani Total Gas Limited ATGL | ₹723.90 | ₹101.36 | -86% |
| ENN Natural Gas Co 600803 | ¥17.30 | ¥25.71 | +49% |
| UGI Corporation UGI | $35.84 | $27.13 | -24% |
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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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