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GSE Co. Ltd (053050) fair value: what the stock is really worth

As of Nov 6, 2026: fair value (intrinsic value) of GSE Co. Ltd stock KRW 1,809, price KRW 1,629, upside +11.1%, quality 50 out of 100. Rating: fairly valued. Calculated from audited financials with 15 of our 26 valuation models and 37 quality factors, updated daily.

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Utilities KR · ISIN KR7053050001

GC GSE Co. Ltd logo Some data Nov 7, 2026

GSE Co. Ltd

053050 · KQ
Fairly valued, in a downtrend

The stock costs about what our calculation considers fair.

Low debt
Generates free cash flow over the last twelve months
Last quarter vs. a year ago: revenue +18%, profit +58%.
Fair value 1,809 KRW · Fairly valued
Quality 50/100
Mixed Growth (revenue 5y +7.1 %/yr in KRW)
Thin margins · 2.3% net margin (TTM)
2.5% dividend yield · Watch coverage
Mixed vs. peers (7/13)
Some data
Narrow moat 29/100 · thin data
⟳ Cyclical
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What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

7,750 KRW 1,527 KRW Fair Value 1,809 KRW Jun 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 7, 2026.

How to read this chart

60‑month range 1,527 KRW – 7,750 KRW · fair‑value band 1,357 KRW – 2,339 KRW · the 1,629 KRW price screens below the 1,809 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.

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Company profile

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.

Stock analysis

GSE Co. Ltd (053050) currently trades at 1,629 KRW, while our model-based Fair Value estimate is 1,809 KRW, so the stock looks roughly fairly valued today (gap 10.0%).

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Valuation

Bull case: the Asset-Based group reads highest at a median of 2,137 KRW per share, and 10 of the 15 models we run sit above the 1,629 KRW price.

Bear case: the Dividend Discount group reads lowest at 522.70 KRW, and 5 of the 15 models stay below the price. Data coverage for this calculation is medium.

Scenario range: 1,357 KRW (bear) to 2,339 KRW (bull), the price of 1,629 KRW sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.

Quality & growth

The Quality Score stands at 50/100 (solid quality), in the Utilities sector.

Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.

GSE Co. Ltd 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.

Key figures

Market cap 48.5B KRW (≈ $35.9M) Micro · P/E ratio 12.4 · P/S ratio 0.28 · EPS (TTM) 132.18 KRW · Dividend yield 2.5% · Net margin 2.3% · Return on equity 3.9% · Return on assets (EBIT) 2.4% (5-year average).

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 29 out of 100 (low confidence).

What moves the price

The share trades about 59% below its 52-week high and at its 52-week low, currently below its 200-day average.

For context, the median of 10 Utilities peers we cover trades at −21% fair-value upside, at 11%, 053050 screens cheaper than that median.

Fair Value models

Bear 1,357 KRW Fair Value 1,809 KRW Bull 2,339 KRW
Price 1,629 KRW · Upside +11.1%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (79.05 KRW per share) are deliberately not added. 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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds. Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Best data coverage
Residual Income 2,332 KRW 2,283 KRW 2,339 KRW 76
EPV 1,453 KRW 1,717 KRW 1,941 KRW 74
ROIC Compounder 1,453 KRW 1,717 KRW 1,941 KRW 72
All 15 models by family
Earnings-Based
Graham-Dodd 878.71 KRW 2,145 KRW 2,775 KRW 65
PEG = 1.0 383.53 KRW 547.90 KRW 712.27 KRW 57
EPV 1,453 KRW 1,717 KRW 1,941 KRW 74
Dividend Discount
Gordon GGM 332.78 KRW 563.46 KRW 823.03 KRW 67
DDM Multi-Stage 332.78 KRW 481.93 KRW 631.20 KRW 67
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 2,109 KRW 2,813 KRW 3,516 KRW 55
EV/EBIT 383.94 KRW 996.14 KRW 1,608 KRW 61
EV/EBITDA 875.61 KRW 1,652 KRW 2,428 KRW 64
EV/Revenue 775.75 KRW 1,731 KRW 2,686 KRW 51
Asset-Based
NCAV (Graham) 1,595 KRW 2,137 KRW 3,190 KRW 54
Economic Profit
Residual Income 2,332 KRW 2,283 KRW 2,339 KRW 76
ROIC Compounder 1,453 KRW 1,717 KRW 1,941 KRW 72
Growth Earnings
Growth-Adj P/E 1,077 KRW 1,538 KRW 2,000 KRW 67

Open the full fair value analysis →

Quality Score breakdown

Overall quality 50/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 30
How much profit the company makes from its sales and capital
Quality Growth 57
Are margins and returns getting better?
Cashflow 37
Do the profits arrive as real cash?
Financial strength 36
Debt, balance sheet and risk of trouble
Investment 76
Does it invest with discipline instead of growing at any price?
Low Volatility 54
How calm the share price moves, does not count
Price momentum 17
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 0
Distance to the 52-week high, does not count
New shares 82
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 34/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+9.3%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−0.5%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+7.1%
Start year 2020 (pandemic). Over 10 years: +3.3% a year
Revenue growth 17 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+5.7%
What shareholders gained per year (last 5 years), in KRW ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in KRW: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
−1.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year−3.6%
Dividend (yield on the price)2.5%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−3.6% vs −5.2%, steady
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.4% → 4%
Pace: the 5-year rate starts in 2020 (pandemic)

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Peer Groupⓘ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.Utilities - Regulated Gas · 107 stocks

Beats the industry median on 7/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score 50 · Below median
Fair Value upside +11.1% · Above median
Profitability
Return on equity (12 months) 3.9% · Bottom 25%
Return on assets 1.7% · Bottom 25%
Net margin (12 months) 2.3% · Bottom 25%
Operating margin (12 months) 5.4% · Below median
Growth and dividend
Revenue growth (quarter YoY) 17.6% · Top 25%
Dividend yield (12 months) 2.5% · Below median
Balance sheet
Debt / equity 0.16× · Below median

Valuation Multiplesvs Utilities - Regulated Gas median · lower = cheaper

P/E (12 months) 12.4× · Cheaper than median
P/B 0.50× · Cheapest 25%
P/S (12 months) 0.28× · Cheapest 25%
EV/EBITDA 4.1× · Cheapest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)48 · sector 31
FUTURE (revenue growth)88 · sector 16
PAST (return on equity)16 · sector 34
HEALTH (low debt)92 · sector 82
DIVIDEND (yield)49 · sector 69

Context: sector, industry, market

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

Similar stocks

10 more Utilities - Regulated Gas stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
ENN Natural Gas Co 600803 ¥21.31 ¥24.00 +13% vs 053050
Italgas S.p.A IG €9.12 €10.03 +10% vs 053050
Uniper SE UN0 €44.00 €45.97 +4% vs 053050
Naturgy Energy Group NTGY €29.54 €30.62 +4% vs 053050
UGI Corporation UGI $37.04 $29.40 −21% vs 053050
The Hong Kong and China Gas Company 0003 HK$7.40 HK$4.93 −33% vs 053050
GAIL (India) Limited GAIL ₹185.79 ₹116.94 −37% vs 053050
Snam S.p.A SRG €6.20 €3.65 −41% vs 053050
NiSource Inc NI $44.15 $19.87 −55% vs 053050
Atmos Energy Corporation ATO $173.22 $77.35 −55% vs 053050

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GSE Co. Ltd: fair value per Fair Value Calculator

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

Frequently asked questions

Is GSE Co. Ltd (053050) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of 1,809 KRW versus a price of 1,629 KRW, about +11% upside (fairly valued).
What is the fair value of 053050?
Our model-based fair value for GSE Co. Ltd is 1,809 KRW (as of Nov 7, 2026), built from audited fundamentals. The current price: 1,629 KRW.
What is the quality score of 053050?
GSE Co. Ltd has a Quality Score of 50/100. 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 price target for GSE Co. Ltd (053050)?
Our model-based price target is the fair value of 1,809 KRW (as of Nov 7, 2026) from 15 valuation models. Cautious scenario 1,357 KRW, optimistic scenario 2,339 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the GSE Co. Ltd stock forecast for 2026?
Our models put fair value at 1,809 KRW, about +11% upside versus a price of 1,629 KRW (fairly valued). Cautious scenario 1,357 KRW, optimistic scenario 2,339 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of GSE Co. Ltd (053050)?
GSE Co. Ltd reported trailing-twelve-month revenue of about 173B KRW (latest available figure, as of Nov 7, 2026).
Does GSE Co. Ltd pay a dividend?
GSE Co. Ltd currently shows a dividend yield of 2.46% relative to its recent price (as of Nov 7, 2026).
How much is the dividend of GSE Co. Ltd (053050) and when is the ex-dividend date?
GSE Co. Ltd pays a dividend of 40.00 KRW per share a year, a dividend yield of 2.5%. The last ex-dividend date was Jun 29, 2026. A dividend has been paid every year since 2006. The payout ratio is 30.3% of earnings. Our assessment: Watch coverage. The dividend isn’t fully covered by free cash flow or earnings, part of it is funded from reserves or debt. Fine for now, but worth watching: if it stays uncovered, the dividend could be cut.
What is the intrinsic value of GSE Co. Ltd (053050)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For GSE Co. Ltd it is 1,809 KRW per share (as of Nov 7, 2026), against a price of 1,629 KRW. It is the blended result of 15 valuation models in 6 families (Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is GSE Co. Ltd stock overvalued or undervalued in 2026?
As of Nov 7, 2026, 053050 trades below its calculated fair value: price 1,629 KRW, fair value 1,809 KRW, a gap of about +11% (fairly valued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 053050?
No. The price is what the market pays today (1,629 KRW); the fair value is what the company's own numbers justify (1,809 KRW). For GSE Co. Ltd the two are 180.11 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is GSE Co. Ltd worth?
The market values GSE Co. Ltd at about 48.5B KRW (market capitalisation, as of Nov 7, 2026). Per share that is 1,629 KRW; our models calculate a fair value of 1,809 KRW per share.
What do the bullish and bearish scenarios say about 053050?
Our models span a range for GSE Co. Ltd: cautious scenario 1,357 KRW, base 1,809 KRW, optimistic 2,339 KRW per share (as of Nov 7, 2026, price 1,629 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 053050?
GSE Co. Ltd trades at a price-to-earnings ratio of 12.4 (as of Nov 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 1,809 KRW is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings: 14.1. Other multiples: P/B 0.5, P/S 0.3, EV/EBITDA 4.1.
How solid is the balance sheet of GSE Co. Ltd (053050)?
Balance-sheet figures for GSE Co. Ltd (as of Nov 7, 2026): return on equity 3.9%, debt of 0.16 per unit of equity. They feed the Quality Score of 50/100, which measures business quality independently of the share price.
How far is 053050 from its 52-week high?
GSE Co. Ltd trades at 1,629 KRW, about 59% below its 52-week high of 3,964 KRW and at the low of 1,629 KRW (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 1,809 KRW is for.
Which stocks are comparable to GSE Co. Ltd?
From the same area (Utilities) we also value Naturgy Energy Group, Atmos Energy Corporation, Snam S.p.A, NiSource Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is GSE Co. Ltd stock attractive at the current price?
The data as of Nov 7, 2026: price 1,629 KRW, calculated fair value 1,809 KRW (+11%), Quality Score 50/100, from 15 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 053050 calculated?
We run GSE Co. Ltd through 15 models from 6 families: Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 1,809 KRW builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. GSE Co. Ltd currently trades 10% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of GSE Co. Ltd (053050)?
The closing price on Nov 6, 2026 was 1,629 KRW. Our model-based fair value is 1,809 KRW, about +11% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with GSE Co. Ltd right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. The price sits in the lower half of our model range, the side with the larger margin of safety. Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.

Key figures of GSE Co. Ltd

How large is the market capitalisation of GSE Co. Ltd (053050)?
The market capitalisation of GSE Co. Ltd is 48.5B KRW (≈ $35.9M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of GSE Co. Ltd (053050)?
The price-to-sales ratio of GSE Co. Ltd is 0.28 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of GSE Co. Ltd (053050)?
Earnings per share at GSE Co. Ltd are 132.18 KRW (price ÷ EPS = P/E 12.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of GSE Co. Ltd (053050)?
The dividend yield of GSE Co. Ltd is 2.5% (payout 30.3%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of GSE Co. Ltd (053050)?
The net margin of GSE Co. Ltd is 2.3% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of GSE Co. Ltd (053050)?
The return on equity (ROE) of GSE Co. Ltd is 3.9% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of GSE Co. Ltd (053050)?
On an EBIT basis the return on assets of GSE Co. Ltd is 2.4% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of GSE Co. Ltd (053050)?
The operating margin of GSE Co. Ltd is 5.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at GSE Co. Ltd (053050)?
Revenue at GSE Co. Ltd is growing +17.6% versus a year earlier (3y avg −0.5%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at GSE Co. Ltd (053050)?
Earnings per share at GSE Co. Ltd are growing +58.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does GSE Co. Ltd (053050) generate?
The free cash flow of GSE Co. Ltd is −1.5B KRW (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does GSE Co. Ltd (053050) carry?
The net debt of GSE Co. Ltd is 43.6B KRW (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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