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Korea Gas Corporation
(036460)
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Rating:63Neutral
Price Target:
$38,979.00
Action:N/A
Date:10/28/26
The score is driven primarily by stabilizing fundamentals (improving profitability and positive cash generation) but constrained by sharp revenue contraction and high leverage. Valuation is the key positive factor (low P/E and solid dividend yield), while technicals are broadly neutral with mildly positive momentum.
Positive Factors
Positive cash generation
Positive operating and free cash flow gives KOGAS internal funding capacity for maintenance, debt service, and selected growth investments. This supports financial resilience and reduces reliance on external financing, although the company’s prior cash-flow volatility limits confidence that current strength will persist unchanged.
Negative Factors
Sharp revenue contraction
A sustained decline in revenue pressures KOGAS’s overall earnings power and indicates weaker top-line momentum across its gas business. Even with improved margins, a smaller revenue base can reduce operating leverage, constrain investment capacity, and make future profitability more dependent on tariff and demand conditions.
Read all positive and negative factors
Positive Factors
Negative Factors
Positive cash generation
Positive operating and free cash flow gives KOGAS internal funding capacity for maintenance, debt service, and selected growth investments. This supports financial resilience and reduces reliance on external financing, although the company’s prior cash-flow volatility limits confidence that current strength will persist unchanged.
Read all positive factors
Korea Gas Corporation (036460) vs. SPDR S&P 500 ETF (SPY)
Market Cap
₩3.17T
Dividend Yield3.13%
Average Volume (3M)116.67K
Price to Earnings (P/E)5.4
Beta (1Y)0.22
Revenue Growth-9.84%
EPS Growth-41.12%
CountryKR
Employees4,289
SectorGeneral
Sector StrengthN/A
IndustryRegulated Gas
Share Statistics
EPS (TTM)6719.32
Shares Outstanding92,313,000
10 Day Avg. Volume133,295
30 Day Avg. Volume116,672
Financial Highlights & Ratios
PEG Ratio-0.30
Price to Book (P/B)0.34
Price to Sales (P/S)0.10
P/FCF Ratio0.87
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)12,420.75
Revenue Forecast (FY)₩37.84T
Korea Gas Corporation Business Overview & Revenue Model
Company Description
Established in 1983 and headquartered in Daegu, South Korea, Korea Gas Corporation is a leading energy enterprise operating across the natural gas value chain, both within South Korea and internationally. Its primary business involves the explorat...
How the Company Makes Money
KOGAS primarily makes money by selling natural gas (regasified LNG) in South Korea after importing LNG and processing it at its receiving terminals. Its core revenue stream comes from domestic gas sales to major customer groups such as electric po...
Korea Gas Corporation Financial Statement Overview
Summary
Income Statement
64
Positive
Balance Sheet
46
Neutral
Cash Flow
58
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 34.67T | 35.73T | 38.39T | 44.56T | 51.72T | 27.52T |
| Gross Profit | 2.86T | 2.52T | 3.41T | 1.96T | 2.90T | 1.66T |
| EBITDA | 4.14T | 4.09T | 5.13T | 2.60T | 4.31T | 3.55T |
| Net Income | 567.67B | 133.02B | 1.15T | -761.21B | 1.49T | 950.76B |
Balance Sheet | ||||||
| Total Assets | 52.35T | 53.63T | 57.67T | 57.25T | 62.42T | 43.67T |
| Cash, Cash Equivalents and Short-Term Investments | 1.80T | 1.30T | 976.72B | 831.34B | 838.98B | 617.66B |
| Total Debt | 34.79T | 36.61T | 40.56T | 40.73T | 44.88T | 28.23T |
| Total Liabilities | 40.85T | 43.09T | 46.84T | 47.43T | 52.01T | 34.55T |
| Stockholders Equity | 11.50T | 10.54T | 10.83T | 9.63T | 10.19T | 8.87T |
Cash Flow | ||||||
| Free Cash Flow | 1.98T | 4.13T | 1.84T | 4.52T | -15.78T | -3.26T |
| Operating Cash Flow | 4.24T | 6.12T | 3.63T | 5.89T | -14.58T | -2.07T |
| Investing Cash Flow | -2.10T | -2.26T | -1.75T | -1.33T | -973.79B | -1.17T |
| Financing Cash Flow | -1.76T | -4.06T | -1.84T | -4.59T | 15.80T | 3.48T |
Korea Gas Corporation Technical Analysis
Positive
―
Price Trends
36287.00
Positive
35081.50
Positive
36631.00
Positive
Market Momentum
172.60
Negative
57.23
Neutral
56.86
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For KR:036460, the sentiment is Positive. The current price of undefined is equal to the 20-day moving average (MA) of 36182.50, equal to the 50-day MA of 36287.00, and equal to the 200-day MA of 36631.00, indicating a bullish trend. The MACD of 172.60 indicates Negative momentum. The RSI at 57.23 is Neutral, neither overbought nor oversold. The STOCH value of 56.86 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for KR:036460.
Korea Gas Corporation Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | ₩121.05B | 3.30 | ― | 4.26% | -5.10% | 27.80% | |
70 Outperform | ₩105.11B | 5.35 | ― | 5.39% | -11.65% | 1.48% | |
66 Neutral | ₩410.20B | 3.04 | ― | 2.50% | 0.75% | 18.14% | |
66 Neutral | ₩189.55B | 7.83 | ― | 3.59% | -6.14% | -7.46% | |
63 Neutral | ₩3.17T | 5.45 | ― | 3.13% | -9.84% | -41.12% | |
63 Neutral | ₩198.16B | 9.69 | ― | 5.32% | -1.87% | -41.52% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
KR:036460
Korea Gas Corporation
36,900.00
-3,743.16
-9.21%
KR:004690
Samchully Co., Ltd
119,800.00
-3,043.14
-2.48%
KR:017390
SEOUL CITY GAS CO., LTD.
51,700.00
-9,383.71
-15.36%
KR:034590
Incheon City Gas Co., Ltd.
25,500.00
445.27
1.78%
KR:117580
Daesung Energy Co. Ltd.
6,970.00
-1,037.25
-12.95%
KR:267290
KyungDong City Gas Co. Ltd.
20,550.00
692.44
3.49%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.