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INVENI Co (015360) Fair Value & Analysis

Utilities · KR · Market cap 311B KRW

IC INVENI Co 015360 · KO
Price14,600 KRW
Fair Value16,933 KRW
Upside+16.0%
Quality48/100
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Expensive Growth
Thin margins · 9.1% net margin
Low debt · negative free cash flow
7.65% dividend yield
Ranks above peers (8/10)
Moderate moat 55/100
Evidence: High Range 12,616 KRW – 29,415 KRW Share as image

Fair value as of: Jul 24, 2026

From 15 valuation models · updated 17 days ago

Fair value updated Jul 24, 2026, revised from 40,069 KRW to 16,933 KRW (−57.7%) since Jun 25, 2026. Share price +0.8% over the past month.

Below-average quality, screening 16% undervalued on our models.

What matters now

  • A fairly wide model range (12,616 KRW to 29,415 KRW) leaves room in how you read the outcome.
  • Our model range runs from 12,616 KRW (bear) to 29,415 KRW (bull), base 16,933 KRW. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 48/100 (below-average quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

17,400 KRW 3,800 KRW Fair Value 16,933 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 3,800 KRW – 17,400 KRW · fair‑value band 12,616 KRW – 29,415 KRW · the 14,600 KRW price screens below the 16,933 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

INVENI Co (015360) currently trades at 14,600 KRW, while our model-based Fair Value estimate is 16,933 KRW, implying the stock looks roughly 16.0% undervalued today. The Quality Score stands at 48/100 (below-average 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, INVENI Co generated revenue of 1.4T KRW at a net margin of 9.1%. Revenue grew 7.4% year over year. It earns a return on equity of 21.3%. Net debt stands at 274B KRW. Fundamentals as of Jul 24, 2026

Our scenario range runs from 12,616 KRW (bear case) to 29,415 KRW (bull case); at 14,600 KRW, the current price sits within 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 20% below its 52-week high and 49% above its 52-week low, currently above its 200-day average. For context, the median of 10 Utilities peers we cover trades at -19% fair-value upside, at 16%, 015360 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 Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Residual Income 28,376 KRW 36,679 KRW 101,016 KRW 76
ROIC Compounder 23,383 KRW 29,497 KRW 36,829 KRW 72
Gordon GGM 5,566 KRW 6,704 KRW 7,989 KRW 70
All 15 models by family
DCF Models
Owner Earnings 31,662 KRW 47,904 KRW 81,599 KRW 31
Earnings-Based
Graham-Dodd 26,567 KRW 42,098 KRW 50,609 KRW 54
EPV 23,383 KRW 29,438 KRW 34,821 KRW 59
Dividend Discount
Gordon GGM 5,566 KRW 6,704 KRW 7,989 KRW 70
DDM Multi-Stage 5,566 KRW 7,500 KRW 10,033 KRW 61
Multiples
P/E Multiple 52,744 KRW 70,326 KRW 87,907 KRW 63
P/S Multiple 49,814 KRW 66,419 KRW 83,023 KRW 58
P/B Multiple 39,256 KRW 52,341 KRW 65,427 KRW 55
EV/EBIT 45,693 KRW 64,569 KRW 83,444 KRW 53
EV/EBITDA 37,839 KRW 54,096 KRW 70,353 KRW 54
EV/Revenue 34,871 KRW 54,502 KRW 74,132 KRW 43
Asset-Based
NCAV (Graham) 14,539 KRW 19,483 KRW 29,078 KRW 50
Economic Profit
Residual Income 28,376 KRW 36,679 KRW 101,016 KRW 76
ROIC Compounder 23,383 KRW 29,497 KRW 36,829 KRW 72
Growth Earnings
Growth-Adj P/E 37,479 KRW 53,541 KRW 69,604 KRW 68

Widest divergence: Multiples (54,502 KRW) versus Dividend Discount (6,704 KRW). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 1.4T KRW
Revenue growth (YoY) +7.4%
Net margin 9.1%
Return on equity 21.3%
Free cash flow −101B KRW FY2025
Operating margin 13.8%
More key figures
Dividend yield 7.1%
EPS growth (YoY) +143%
Net debt 274B KRW FY2025

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

Quality Score breakdown

Overall quality 48/100

Of which business quality 43 · Market factors (momentum, volatility) 59

Profitability 45
Margins and returns on capital today
Quality Growth 49
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 53
Balance sheet, leverage, solvency risk
Investment 80
Disciplined investing over empire-building
Low Volatility 80
Calm price path (market factor)
Momentum 48
Price trend over the last 3–12 months (market factor)
52W Momentum 52
Distance to the 52-week high (market factor)
Net Issuance 57
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

INVENI Co., Ltd. engages in the supply of city gas in South Korea. The company is also involved in the investment businesses. In addition, the company provides CNG charging. The company was formerly known as Yesco Holdings Co., Ltd. and changed its name to INVENI Co., Ltd. in March 2025. INVENI Co., Ltd.

Full company description

INVENI Co., Ltd. engages in the supply of city gas in South Korea. The company is also involved in the investment businesses. In addition, the company provides CNG charging. The company was formerly known as Yesco Holdings Co., Ltd. and changed its name to INVENI Co., Ltd. in March 2025. INVENI Co., Ltd. was founded in 1981 and is headquartered in Seoul, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

INVENI Co reported revenue of 1.3T KRW in FY2025 versus 1.3T KRW in FY2021, a compound +1.2%/yr. Reported net income was 86.7B KRW in FY2025, compounding +41.5%/yr from FY2021.

Growth Quality 38/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
1.3T KRW
Latest YoY
+14.4%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−3.3%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+3.4%
Avg. growth/yr (16Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+0.7%
Revenue +1.2%/yr
FY21 1.3T KRW
FY22 1.5T KRW
FY23 1.1T KRW
FY24 1.2T KRW
FY25 1.3T KRW
Net income +41.5%/yr
FY21 21.6B KRW
FY22 −10.0B KRW
FY23 23.6B KRW
FY24 29.0B KRW
FY25 86.7B KRW

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Cite: Fair Value Calculator (2026). "INVENI Co Fair Value". https://www.fairvalue-calculator.com/stock/015360

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.

Quality Score 48 · Below median
Fair Value upside +16% · Above median
Return on equity (TTM) 21% · Top 25%
Return on assets 7% · Top 25%
Net margin (TTM) 9% · Above median
Operating margin (TTM) 14% · Above median
Revenue growth 7% · Top 25%
Dividend yield (TTM) 7.7% · Top 25%
Debt / equity 0.43× · Higher than median

Valuation Multiples vs Utilities - Regulated Gas median · lower = cheaper

EV/EBITDA 1.2× · 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 55 · sector 22
FUTURE 37 · sector 0
PAST 85 · sector 34
HEALTH 79 · sector 85
DIVIDEND 100 · sector 67

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 Utilities - Regulated Gas stocks, each showing price versus our Fair Value estimate (as of Jul 24, 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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Frequently asked questions

Is INVENI Co (015360) overvalued or undervalued?
As of Jul 24, 2026, our model estimates a fair value of 16,933 KRW versus a price of 14,600 KRW, about +16% (undervalued).
What is the fair value of 015360?
Our model-based fair value for INVENI Co is 16,933 KRW (as of Jul 24, 2026), built from audited fundamentals. The current price is 14,600 KRW.
What is the quality score of 015360?
INVENI Co has a Quality Score of 48/100. 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 INVENI Co (015360)?
INVENI Co reported trailing-twelve-month revenue of about 1.4T KRW (latest available figure, as of Jul 24, 2026).
What is the net profit margin of 015360?
The net profit margin of INVENI Co is about 9.1%, meaning it keeps roughly 9.1% of revenue as net income. Based on the latest reported figures.
Does INVENI Co pay a dividend?
INVENI Co currently shows a dividend yield of about 7.05% 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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