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GSE Co (053050) Fair Value & Analysis

Utilities · KR · Market cap 55.2B KRW

GC GSE Co 053050 · KQ
Price1,765 KRW
Fair Value1,809 KRW
Upside+2.5%
Quality51/100
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Mixed Growth
Thin margins · 2.0% net margin
Low debt · negative free cash flow
2.17% dividend yield
Mixed vs. peers (5/10)
Narrow moat 29/100
Evidence: Medium Range 1,357 KRW – 2,428 KRW Share as image

Fair value as of: Jul 20, 2026

From 13 valuation models · updated 21 days ago

Share price −6.4% over the past month.

A solid business, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • Our model range runs from 1,357 KRW (bear) to 2,428 KRW (bull), base 1,809 KRW. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 51/100 (solid quality) with medium evidence: read the verdict with care.
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Price vs Fair Value (5 years)

7,750 KRW 1,522 KRW Fair Value 1,809 KRW Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 20, 2026.

How to read this chart

60‑month range 1,522 KRW – 7,750 KRW · fair‑value band 1,357 KRW – 2,428 KRW · the 1,765 KRW price screens below the 1,809 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 20, 2026.

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Analysis

GSE Co (053050) currently trades at 1,765 KRW, while our model-based Fair Value estimate is 1,809 KRW, implying the stock looks roughly 2.5% fairly valued today. The Quality Score stands at 51/100 (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: medium), always confirm before acting.

Over the trailing twelve months, GSE Co generated revenue of 168B KRW at a net margin of 2.0%. Revenue declined 3.3% year over year. It earns a return on equity of 3.3%. Net debt stands at 43.6B KRW. Fundamentals as of Jul 20, 2026

Our scenario range runs from 1,357 KRW (bear case) to 2,428 KRW (bull case); at 1,765 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 59% below its 52-week high, currently below its 200-day average. For context, the median of 10 Utilities peers we cover trades at -19% fair-value upside, at 3%, 053050 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 2,411 KRW 2,387 KRW 2,148 KRW 76
ROIC Compounder 1,647 KRW 1,976 KRW 2,265 KRW 72
Growth-Adj P/E 1,092 KRW 1,561 KRW 2,029 KRW 68
All 13 models by family
Earnings-Based
Graham-Dodd 878.71 KRW 2,234 KRW 2,905 KRW 54
PEG = 1.0 415.19 KRW 593.13 KRW 771.07 KRW 46
EPV 1,647 KRW 1,976 KRW 2,265 KRW 59
Multiples
P/E Multiple 1,357 KRW 1,809 KRW 2,261 KRW 63
P/S Multiple 1,648 KRW 2,197 KRW 2,746 KRW 58
P/B Multiple 1,648 KRW 2,197 KRW 2,746 KRW 55
EV/EBIT 1,505 KRW 2,118 KRW 2,730 KRW 53
EV/EBITDA 1,997 KRW 2,773 KRW 3,549 KRW 54
EV/Revenue 1,897 KRW 2,852 KRW 3,807 KRW 43
Asset-Based
NCAV (Graham) 1,618 KRW 2,168 KRW 3,237 KRW 50
Economic Profit
Residual Income 2,411 KRW 2,387 KRW 2,148 KRW 76
ROIC Compounder 1,647 KRW 1,976 KRW 2,265 KRW 72
Growth Earnings
Growth-Adj P/E 1,092 KRW 1,561 KRW 2,029 KRW 68

Widest divergence: Multiples (2,197 KRW) versus Growth Earnings (1,561 KRW). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 168B KRW
Revenue growth (YoY) -3.3%
Net margin 2.0%
Return on equity 3.3%
Free cash flow −1.5B KRW FY2025
Operating margin 7.6%
More key figures
Dividend yield 2.2%
EPS growth (YoY) -11.9%
Net debt 43.6B KRW FY2025

Figures from reported company fundamentals · as of Jul 20, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 51/100

Of which business quality 49 · Market factors (momentum, volatility) 19

Profitability 30
Margins and returns on capital today
Quality Growth 59
Are margins and returns improving?
Cashflow 37
Earnings quality: real cash, not paper profit
Fin. Strength 36
Balance sheet, leverage, solvency risk
Investment 76
Disciplined investing over empire-building
Low Volatility 55
Calm price path (market factor)
Momentum 5
Price trend over the last 3–12 months (market factor)
52W Momentum 2
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

GSE Co., Ltd., together with its subsidiaries, supplies city gas and related services in South Korea. It also operates a CNG vehicle charging station. The company was formerly known as Shina Citygas. The company was founded in 1989 and is headquartered in Sacheon-si, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

GSE Co reported revenue of 170B KRW in FY2025 versus 129B KRW in FY2021, a compound +7.2%/yr. Reported net income was 3.9B KRW in FY2025, compounding −1.3%/yr from FY2021.

Growth Quality 34/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
170B KRW
Latest YoY
+9.3%
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.
−0.5%
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.
+7.1%
Avg. growth/yr (17Y) 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.
+5.7%
Revenue +7.2%/yr
FY21 129B KRW
FY22 173B KRW
FY23 169B KRW
FY24 156B KRW
FY25 170B KRW
Net income −1.3%/yr
FY21 4.1B KRW
FY22 5.9B KRW
FY23 5.6B KRW
FY24 3.6B KRW
FY25 3.9B KRW

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Cite: Fair Value Calculator (2026). "GSE Co Fair Value". https://www.fairvalue-calculator.com/stock/053050

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 51 · Above median
Fair Value upside +3% · Above median
Return on equity (TTM) 3% · Bottom 25%
Return on assets 1% · Bottom 25%
Net margin (TTM) 2% · Bottom 25%
Operating margin (TTM) 8% · Below median
Revenue growth -3% · Above median
Dividend yield (TTM) 2.2% · Below median
Debt / equity 0.16× · Lower than median

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

EV/EBITDA 0.7× · 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 37 · sector 22
FUTURE 0 · sector 0
PAST 13 · sector 34
HEALTH 92 · sector 85
DIVIDEND 43 · 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 20, 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 GSE Co (053050) overvalued or undervalued?
As of Jul 20, 2026, our model estimates a fair value of 1,809 KRW versus a price of 1,765 KRW, about +3% (fairly valued).
What is the fair value of 053050?
Our model-based fair value for GSE Co is 1,809 KRW (as of Jul 20, 2026), built from audited fundamentals. The current price is 1,765 KRW.
What is the quality score of 053050?
GSE Co has a Quality Score of 51/100. 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 GSE Co (053050)?
GSE Co reported trailing-twelve-month revenue of about 168B KRW (latest available figure, as of Jul 20, 2026).
What is the net profit margin of 053050?
The net profit margin of GSE Co is about 2.0%, meaning it keeps roughly 2.0% of revenue as net income. Based on the latest reported figures.
Does GSE Co pay a dividend?
GSE Co currently shows a dividend yield of about 2.02% relative to its recent price (as of Jul 20, 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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