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GS Engineering & Construction (006360) Fair Value & Analysis

Industrials · KR · Market cap 2.9T KRW (≈ $2.0B) · ISIN KR7006360002

What is GS Engineering & Construction really worth?

GE GS Engineering & Construction 006360 · KO
Price34,250 KRW
Fair Value23,135 KRW
Upside−32.5%
Quality49/100

Below-average quality, and trading another 48% above our fair value of 23,135 KRW.

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Strengths

Moderate debt · generates free cash flow

Risks

!Mixed Growth (revenue 5y +4.2 %/yr)
!Thin margins · 0.6% net margin
!Trails peers (2/11)
!Narrow moat 20/100
!Evidence only medium, so the estimate is less certain
!Weak on past: 7 out of 100
!Weak on dividend: 29 out of 100

For context

·1.46% dividend yield
Evidence: Medium Range 17,351 KRW – 28,918 KRW

Fair value as of: Aug 22, 2026

From 25 valuation models · updated 14 days ago

Share price +41.2% over the past month.

What runs behind every stock

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

What matters now

  • The price sits above even our optimistic bull case (28,918 KRW). The favourable scenario is already priced in.
  • Solid but not exceptional quality (49/100) and above fair value, neither a clear bargain nor a standout compounder.

Price vs Fair Value (5 years)

43,837 KRW 12,284 KRW Fair Value 23,135 KRW Apr 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 22, 2026.

How to read this chart

60‑month range 12,284 KRW – 43,837 KRW · fair‑value band 17,351 KRW – 28,918 KRW · the 34,250 KRW price screens above the 23,135 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 22, 2026.

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Analysis

GS Engineering & Construction (006360) currently trades at 34,250 KRW, while our model-based Fair Value estimate is 23,135 KRW, implying the stock looks roughly 48.0% overvalued today. The Quality Score stands at 49/100 (below-average quality), in the Industrials sector. Bull case: the DCF Models group reads highest at a median of 52,750 KRW per share, and 12 of the 24 models we run sit above the 34,250 KRW price. Bear case: the Dividend Discount group reads lowest at 7,253 KRW, and 12 of the 24 models stay below the price. Evidence for this calculation is medium.

Over the trailing twelve months, GS Engineering & Construction generated revenue of 11.8T KRW at a net margin of 0.6%. Revenue declined 21.6% year over year. It earns a return on equity of 1.7%. Net debt stands at 3.1T KRW. Fundamentals as of Aug 22, 2026

Our scenario range runs from 17,351 KRW (bear case) to 28,918 KRW (bull case); at 34,250 KRW, the current price sits above 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 24% below its 52-week high and 97% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at −46% fair-value upside, at −32%, 006360 screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.

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
FCF DCF best evidence 29,125 KRW 48,557 KRW 77,950 KRW 79
Growth DCF 30,390 KRW 48,489 KRW 74,673 KRW 77
Residual Income 40,379 KRW 38,679 KRW 31,110 KRW 76
All 25 models by family
DCF Models
FCF DCF best evidence 29,125 KRW 48,557 KRW 77,950 KRW 79
Owner Earnings 264.28 KRW 73
5Y Revenue Exit 33,580 KRW 58,755 KRW 90,032 KRW 71
5Y EBITDA Exit 49,206 KRW 86,732 KRW 129,077 KRW 74
5Y P/E Exit 13,256 KRW 22,364 KRW 31,309 KRW 70
10Y Revenue Exit 30,134 KRW 52,750 KRW 81,263 KRW 65
10Y EBITDA Exit 41,641 KRW 72,165 KRW 110,552 KRW 67
10Y P/E Exit 18,600 KRW 27,497 KRW 37,212 KRW 64
Earnings-Based
Graham-Dodd 7,491 KRW 18,290 KRW 23,660 KRW 65
PEG = 1.0 3,270 KRW 4,671 KRW 6,072 KRW 57
EPV 17,398 KRW 22,306 KRW 26,668 KRW 74
Dividend Discount
Gordon GGM 4,742 KRW 8,922 KRW 14,913 KRW 66
DDM Multi-Stage 4,742 KRW 7,253 KRW 10,123 KRW 66
Multiples
P/E Multiple 17,351 KRW 23,135 KRW 28,918 KRW 63
P/S Multiple 14,046 KRW 18,728 KRW 23,410 KRW 58
P/B Multiple 14,046 KRW 18,728 KRW 23,410 KRW 55
EV/EBIT 58,643 KRW 81,661 KRW 104,679 KRW 66
EV/EBITDA 69,652 KRW 96,341 KRW 123,029 KRW 67
EV/Revenue 38,874 KRW 59,997 KRW 81,119 KRW 53
Asset-Based
NCAV (Graham) 28,231 KRW 37,829 KRW 56,462 KRW 54
Growth DCF
Growth DCF 30,390 KRW 48,489 KRW 74,673 KRW 77
Rev-Margin DCF 33,580 KRW 58,971 KRW 86,338 KRW 72
Economic Profit
Residual Income 40,379 KRW 38,679 KRW 31,110 KRW 76
ROIC Compounder 17,398 KRW 22,306 KRW 26,668 KRW 72
Growth Earnings
Growth-Adj P/E 13,278 KRW 18,969 KRW 24,660 KRW 67

Widest divergence: DCF Models (52,750 KRW) versus Dividend Discount (7,253 KRW). Highest evidence: FCF DCF (79).

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Key figures & financial health

P/S ratio 0.25 TTM
Dividend yield 1.5%
Net margin 0.8% FY2025
Return on equity 1.7% TTM
Return on assets (EBIT) 2.1% avg 5y
Operating margin 2.8% TTM
More key figures
Growth
Revenue (TTM) 11.8T KRW TTM
Revenue growth (YoY) −21.6% 3y avg +0.4%
EPS growth (YoY) −91.6%
Balance sheet & cash flow
Free cash flow 297B KRW FY2025
Net debt 3.1T KRW FY2025 · ≈ 10.3 yrs of FCF

Figures from reported company fundamentals · as of Aug 22, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 49/100

Of which business quality 47 · Market factors (momentum, volatility) 72

Profitability 23
Margins and returns on capital today
Quality Growth 41
Are margins and returns improving?
Cashflow 44
Earnings quality: real cash, not paper profit
Fin. Strength 27
Balance sheet, leverage, solvency risk
Investment 95
Disciplined investing over empire-building
Low Volatility 41
Calm price path (market factor)
Momentum 87
Price trend over the last 3–12 months (market factor)
52W Momentum 81
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

GS Engineering & Construction Corporation engages in the civil works and construction, sales of new houses, repairs and maintenance, overseas general construction, and technology consultation activities in South Korea and internationally.

Full company description

GS Engineering & Construction Corporation engages in the civil works and construction, sales of new houses, repairs and maintenance, overseas general construction, and technology consultation activities in South Korea and internationally. It operates through Architectural & Housing Construction, New Business, Plant Construction, Infra Works, Green Business, and Others segments. The Architectural & Housing Construction segment builds and markets office building, factory, apartment and others. The New Business segment engages in the development of overseas and other activities. The Plant Construction segment constructs petroleum refineries, gas, petrochemical, waste and water treatment plants. The Infra Works segment constructs roads, railways, water reservoirs, ports, industrial parks, and underground structures, as well as privately funded infrastructure projects. The Green Business segment includes wastewater treatment plants, power plants, district heating, power control facility, and other businesses. The Others segment constructs resorts and other construction. The company was formerly known as LG Engineering & Construction Co., Ltd. and changed its name to GS Engineering & Construction Corporation in March 2005. GS Engineering & Construction Corporation was incorporated in 1969 and is based in Seoul, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

GS Engineering & Construction reported revenue of 12.5T KRW in FY2025 versus 9.0T KRW in FY2021, a compound +8.3%/yr. Reported net income was 93.5B KRW in FY2025, compounding −30.8%/yr from FY2021.

Growth Quality 56/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
12.5T KRW
Latest YoY
−3.2%
Avg. revenue 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.
+0.4%
Avg. revenue 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.
+4.2%
Avg. revenue growth/yr (25Y) 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.
+6.0%
Value creation/yr (5Y, in KRW) Earnings growth per share (CAGR 5 years, EBIT basis) plus dividend yield: value created per share and year. 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.
−10.0% (−11.5 + 1.5)
Revenue +8.3%/yr
FY21 9.0T KRW
FY22 12.3T KRW
FY23 13.4T KRW
FY24 12.9T KRW
FY25 12.5T KRW
Net income −30.8%/yr
FY21 408B KRW
FY22 339B KRW
FY23 −482B KRW
FY24 246B KRW
FY25 93.5B KRW

006360 screens 48% overvalued. Compare with Quanta Services, Inc →

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Cite: Fair Value Calculator (2026). "GS Engineering & Construction Fair Value". https://www.fairvalue-calculator.com/stock/006360

Peer Group

Engineering & Construction · 816 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 49 · Below median
Fair Value upside −33% · Below median
Return on equity (TTM) 2% · Below median
Return on assets 1% · Below median
Net margin (TTM) 1% · Below median
Operating margin (TTM) 3% · Below median
Revenue growth −22% · Bottom 25%
Dividend yield (TTM) 1.5% · Below median
Debt / equity 0.81× · Higher than 75% of peers

Valuation Multiples vs Engineering & Construction median · lower = cheaper

P/FCF 0.0× · Cheaper than 75% of peers
EV/EBITDA 1.4× · Cheaper than 75% of peers

Strength profile in five axes (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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 16
FUTURE0 · sector 11
PAST7 · sector 26
HEALTH59 · sector 94
DIVIDEND29 · sector 39

VALUE 0: the price sits above our fair-value range.

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 Engineering & Construction stocks, each showing price versus our Fair Value estimate (as of Aug 22, 2026).

Stock Price Fair Value vs Fair Value
Quanta Services, Inc PWR $620.06 $143.92 −77%
Vinci SA DG €114.35 €185.62 +62%
Comfort Systems USA, Inc FIX $1,615 $519.97 −68%
Larsen & Toubro Limited LT ₹4,072 ₹2,196 −46%
Ferrovial N.V FER €57.28 €19.17 −67%
HOCHTIEF Aktiengesellschaft HOT €426.40 €203.87 −52%
Samsung C&T Corporation 028260 373,000 KRW 261,411 KRW −30%
EMCOR Group EME $775.04 $549.47 −29%
MasTec, Inc MTZ $241.00 $100.00 −59%
Bouygues SA EN €46.65 €65.67 +41%

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Frequently asked questions

Is GS Engineering & Construction (006360) overvalued or undervalued?
As of Aug 22, 2026, our model estimates a fair value of 23,135 KRW versus a price of 34,250 KRW, about −32% upside (overvalued).
What is the fair value of 006360?
Our model-based fair value for GS Engineering & Construction is 23,135 KRW (as of Aug 22, 2026), built from audited fundamentals. The current price: 34,250 KRW.
What is the quality score of 006360?
GS Engineering & Construction has a Quality Score of 49/100. 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 GS Engineering & Construction (006360)?
GS Engineering & Construction reported trailing-twelve-month revenue of about 11.8T KRW (latest available figure, as of Aug 22, 2026).
What is the net profit margin of 006360?
The net profit margin of GS Engineering & Construction is about 0.6%, meaning it keeps roughly 0.6% of revenue as net income. Based on the latest reported figures.
Does GS Engineering & Construction pay a dividend?
GS Engineering & Construction currently shows a dividend yield of about 1.46% relative to its recent price (as of Aug 22, 2026).
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