Korea Gas Corp
Korea Gas Corp (KOGAS) is a natural gas utility company that operates in the distribution and supply of natural gas in South Korea, generating revenue primarily through regulated tariffs and infrastructure services.
Business. Korea Gas Corp (036460.KS) is a natural gas utility company operating within the utilities sector. The firm generates service revenue through its natural gas utility activities. It is headquartered in South Korea and is primarily listed on the Korea Exchange (KRX). Specific details regarding operating segments and geographic revenue mix are not available.
Analyst recommendations
10 analysts · consensus BuyAt a glance
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- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
Signals & dispatch
Composite-score breakdown
Synthesis
Korea Gas Corp (036460.KS) is a natural gas utility company operating within the utilities sector. The firm generates service revenue through its natural gas utility activities. It is headquartered in South Korea and is primarily listed on the Korea Exchange (KRX). Specific details regarding operating segments and geographic revenue mix are not available.
Korea Gas Corp maintains a capital structure with a debt-to-equity ratio of 3.36, indicating a high reliance on debt financing. The company's liquidity position is assessed as medium, with a current ratio of 0.79, suggesting limited short-term liquidity to cover current liabilities. Free cash flow is negative at -313.07 billion KRW, primarily due to capital expenditures of -2.24 trillion KRW, which outpace operating cash flow of 6.53 trillion KRW.
Profitability metrics show a return on equity (ROE) of 1.23% and a return on assets (ROA) of 0.25%, both below the typical thresholds for utility companies. These figures indicate that the company is generating modest returns relative to its equity and asset base. Operating income of 1.48 trillion KRW and net income of 133.02 billion KRW reflect a narrow margin, consistent with the regulated nature of the utility sector.
Geographically, Korea Gas Corp operates primarily within South Korea, with revenue concentrated in the domestic market. The company does not disclose significant international operations or segment-specific revenue breakdowns in the latest financial data. This concentration increases exposure to domestic economic and regulatory shifts.
The company's growth trajectory is modest, with no specific revenue growth rates provided in the latest financials. Analysts have assigned a mean price target of 46,333.33 KRW and a median of 48,000.00 KRW, with a mean recommendation of 2.20, indicating a generally positive outlook. However, the absence of detailed guidance on future revenue or margin expansion limits visibility into long-term growth potential.
Risk factors include a medium liquidity risk, driven by a current ratio below 1 and negative free cash flow. The company's debt load is substantial, with long-term debt of 3.63 trillion KRW, and net cash is negative after subtracting total debt. Dilution risk is assessed as low, with no significant dilution potential in the basic shares outstanding.
Recent events include the publication of the latest financial data, which shows stable operating income but limited net income growth. No major regulatory changes or capital-raising events were disclosed in the latest filings, and the company's capital expenditures remain high, reflecting ongoing infrastructure investments.
- Korea Gas Corp has a high debt-to-equity ratio of 3.36, indicating a capital structure heavily reliant on debt.
- The company's ROE of 1.23% and ROA of 0.25% suggest modest returns relative to its equity and asset base.
- Free cash flow is negative at -313.07 billion KRW, driven by capital expenditures exceeding operating cash flow.
- Analysts have a generally positive outlook, with a mean price target of 46,333.33 KRW and a median of 48,000.00 KRW.
- The company's liquidity risk is medium, and its net cash position is negative after subtracting total debt.
Bull / Bear case
Generated · model-assistedIn focus — financials by report
Valuation
Revenue by segment
Business relationships
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Peer comparison
Market position
Stress test
Predictor forecast
| Metric | Our forecast | Guidance | Consensus |
|---|---|---|---|
| EPS | —no estimate | —no estimate | 9 163,76 |
| Revenue | —no estimate | —no estimate | 34,94T KRW |
| Operating income | —no estimate | —no estimate | 2,19T KRW |
Options
Short squeeze
Earnings-call key lines
Consensus distribution
sell-side coverageEstimate revisions
consensus EPS · 26-week trendSell-side observations
Themes
ESG
Risk factors
- Net cash is negative after subtracting total debt.
Benchmarks vs cohort
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- Dilution Ratio(shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
- Net Cashcash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
- Capex To Revenuecapital_expenditure / revenue
- Return On Equitynet_income / total_equity
- Debt To Equity(short_term_debt + long_term_debt) / total_equity
- Cash Conversion Ratiooperating_cash_flow / net_income
- Korea Gas Corp Market data — financials · 2026-05-26
- Korea Gas Corp Market data — analyst estimates · 2026-05-26
- Korea Gas Corp Market data — ESG · 2026-05-26
Ownership & reference
Leadership
- Yeon Hye ChoiPresident, Director