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GS Global

KOSE:A001250
Snowflake Description

Fair value second-rate dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
A001250
KOSE
₩163B
Market Cap
  1. Home
  2. KR
  3. Capital Goods
Company description

GS Global Corp., a general trading company, engages in the import, export, and triangular trade of steel, coal/biomass, petrochemicals, industrial products in South Korea and internationally. The last earnings update was 99 days ago. More info.


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A001250 Share Price and Events
7 Day Returns
-4.4%
KOSE:A001250
-3.9%
KR Trade Distributors
-1.1%
KR Market
1 Year Returns
-29.9%
KOSE:A001250
-18.9%
KR Trade Distributors
-1.5%
KR Market
A001250 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
GS Global (A001250) -4.4% -9.6% -11.9% -29.9% -36.6% -75.9%
KR Trade Distributors -3.9% -5.7% -8.6% -18.9% -35.9% -52.7%
KR Market -1.1% -2% 6.2% -1.5% 4.3% 5.6%
1 Year Return vs Industry and Market
  • A001250 underperformed the Trade Distributors industry which returned -18.9% over the past year.
  • A001250 underperformed the Market in Korea (Republic of) which returned -1.5% over the past year.
Price Volatility
A001250
Industry
5yr Volatility vs Market

Value

 Is GS Global undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of GS Global to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for GS Global.

KOSE:A001250 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-09-30) in KRW ₩ 25
Payout Ratio Company Filings (2019-09-30) 1001.4%
Discount Rate (Cost of Equity) See below 12.2%
Perpetual Growth Rate 10-Year KR Government Bond Rate 3.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for KOSE:A001250
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year KR Govt Bond Rate 3.4%
Equity Risk Premium S&P Global 6.1%
Trade Distributors Unlevered Beta Simply Wall St/ S&P Global 0.96
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.957 (1 + (1- 30%) (317.55%))
1.451
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.45
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 3.43% + (1.451 * 6.07%)
12.24%

Discounted Cash Flow Calculation for KOSE:A001250 using Dividend Discount Model Model

The calculations below outline how an intrinsic value for GS Global is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

KOSE:A001250 Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= ₩25 / (12.24% - 3.43%)
₩283.93
KOSE:A001250 Discount to Share Price
Calculation Result
Value per share (KRW) From above. ₩283.93
Current discount Discount to share price of ₩1,970.00
= -1 x (₩1,970.00 - ₩283.93) / ₩283.93
-593.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of GS Global is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for GS Global's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are GS Global's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
KOSE:A001250 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in KRW ₩225.53
KOSE:A001250 Share Price ** KOSE (2020-02-20) in KRW ₩1970
Korea (Republic of) Trade Distributors Industry PE Ratio Median Figure of 8 Publicly-Listed Trade Distributors Companies 10.35x
Korea (Republic of) Market PE Ratio Median Figure of 1,238 Publicly-Listed Companies 15.36x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of GS Global.

KOSE:A001250 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= KOSE:A001250 Share Price ÷ EPS (both in KRW)

= 1970 ÷ 225.53

8.74x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • GS Global is good value based on earnings compared to the KR Trade Distributors industry average.
  • GS Global is good value based on earnings compared to the Korea (Republic of) market.
Price based on expected Growth
Does GS Global's expected growth come at a high price?
Raw Data
KOSE:A001250 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 8.74x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Asia Trade Distributors Industry PEG Ratio Median Figure of 46 Publicly-Listed Trade Distributors Companies 1.45x
Korea (Republic of) Market PEG Ratio Median Figure of 367 Publicly-Listed Companies 0.91x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for GS Global, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on GS Global's assets?
Raw Data
KOSE:A001250 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in KRW ₩4,777.64
KOSE:A001250 Share Price * KOSE (2020-02-20) in KRW ₩1970
Korea (Republic of) Trade Distributors Industry PB Ratio Median Figure of 12 Publicly-Listed Trade Distributors Companies 0.67x
Korea (Republic of) Market PB Ratio Median Figure of 1,888 Publicly-Listed Companies 1.06x
KOSE:A001250 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= KOSE:A001250 Share Price ÷ Book Value per Share (both in KRW)

= 1970 ÷ 4,777.64

0.41x

* Primary Listing of GS Global.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • GS Global is good value based on assets compared to the KR Trade Distributors industry average.
X
Value checks
We assess GS Global's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Trade Distributors industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Trade Distributors industry average (and greater than 0)? (1 check)
  5. GS Global has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is GS Global expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as GS Global has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
14.8%
Expected Trade Distributors industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is GS Global expected to grow at an attractive rate?
  • Unable to compare GS Global's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare GS Global's earnings growth to the Korea (Republic of) market average as no estimate data is available.
  • Unable to compare GS Global's revenue growth to the Korea (Republic of) market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
KOSE:A001250 Future Growth Rates Data Sources
Data Point Source Value (per year)
Korea (Republic of) Trade Distributors Industry Earnings Growth Rate Market Cap Weighted Average 14.8%
Korea (Republic of) Trade Distributors Industry Revenue Growth Rate Market Cap Weighted Average 0.9%
Korea (Republic of) Market Earnings Growth Rate Market Cap Weighted Average 27.5%
Korea (Republic of) Market Revenue Growth Rate Market Cap Weighted Average 8.7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
KOSE:A001250 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in KRW Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
KOSE:A001250 Past Financials Data
Date (Data in KRW Millions) Revenue Cash Flow Net Income *
2019-09-30 4,052,454 -10,064 18,605
2019-06-30 4,183,552 7,863 21,698
2019-03-31 4,097,118 4,602 23,352
2018-12-31 4,058,528 -10,346 20,545
2018-09-30 3,937,385 50,989 20,595
2018-06-30 3,801,803 -821 19,335
2018-03-31 3,579,954 88,727 18,012
2017-12-31 3,387,389 81,830 21,162
2017-09-30 3,296,213 45,562 19,666
2017-06-30 2,985,428 137,090 19,499
2017-03-31 2,798,221 87,466 18,859
2016-12-31 2,553,791 73,360 15,619

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if GS Global is high growth as no earnings estimate data is available.
  • Unable to determine if GS Global is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
KOSE:A001250 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from GS Global Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

KOSE:A001250 Past Financials Data
Date (Data in KRW Millions) EPS *
2019-09-30 225.53
2019-06-30 263.02
2019-03-31 283.16
2018-12-31 249.04
2018-09-30 249.77
2018-06-30 234.50
2018-03-31 218.20
2017-12-31 257.00
2017-09-30 238.59
2017-06-30 236.59
2017-03-31 274.49
2016-12-31 290.00

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if GS Global will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether GS Global is trading at GS Global'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. GS Global's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Capital Goods companies here
  3. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess GS Global's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Korea (Republic of) market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Korea (Republic of) market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
GS Global has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has GS Global performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare GS Global's growth in the last year to its industry (Trade Distributors).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • GS Global has delivered over 20% year on year earnings growth in the past 5 years.
  • GS Global's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • GS Global's 1-year earnings growth is negative, it can't be compared to the KR Trade Distributors industry average.
Earnings and Revenue History
GS Global's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from GS Global Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

KOSE:A001250 Past Revenue, Cash Flow and Net Income Data
Date (Data in KRW Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 4,052,453.79 18,604.96 78,587.00
2019-06-30 4,183,551.70 21,697.93 76,662.05
2019-03-31 4,097,117.54 23,352.40 76,418.34
2018-12-31 4,058,527.57 20,544.66 78,875.48
2018-09-30 3,937,385.40 20,594.52 74,410.64
2018-06-30 3,801,803.03 19,334.68 80,489.26
2018-03-31 3,579,954.12 18,011.69 87,253.76
2017-12-31 3,387,389.01 21,162.32 86,688.89
2017-09-30 3,296,212.59 19,666.30 78,861.04
2017-06-30 2,985,428.44 19,499.08 72,785.42
2017-03-31 2,798,220.94 18,859.12 69,100.68
2016-12-31 2,553,790.92 15,619.19 65,018.85
2016-09-30 2,300,914.49 -38,847.97 73,062.99
2016-06-30 2,213,236.96 -42,288.13 69,291.33
2016-03-31 2,192,118.94 -50,229.89 63,071.47
2015-12-31 2,262,023.46 -46,691.98 61,175.97
2015-09-30 2,523,629.05 2,645.84 61,239.33
2015-06-30 2,744,537.86 4,734.24 60,413.85
2015-03-31 2,757,456.30 11,021.55 58,944.91
2014-12-31 2,769,988.19 7,209.23 58,837.10
2014-09-30 2,578,174.07 10,387.65 53,427.66
2014-06-30 2,477,361.48 8,086.86 54,697.40
2014-03-31 2,413,742.13 6,683.82 57,537.49
2013-12-31 2,401,224.38 19,059.54 60,511.87
2013-09-30 2,501,549.45 24,315.97 66,312.17
2013-06-30 2,603,588.84 29,310.06 70,046.29
2013-03-31 2,962,872.56 29,660.05 72,422.93

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • GS Global has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • GS Global used its assets less efficiently than the KR Trade Distributors industry average last year based on Return on Assets.
  • GS Global has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess GS Global's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Trade Distributors industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
GS Global has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is GS Global's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up GS Global's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • GS Global's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • GS Global's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of GS Global's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from GS Global Company Filings, last reported 4 months ago.

KOSE:A001250 Past Debt and Equity Data
Date (Data in KRW Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 414,675.75 507,472.28 68,167.62
2019-06-30 410,699.81 512,163.77 71,075.55
2019-03-31 411,294.36 499,891.40 88,771.81
2018-12-31 403,094.94 514,203.04 68,016.80
2018-09-30 405,889.11 532,833.87 118,374.60
2018-06-30 399,311.13 538,812.44 89,597.36
2018-03-31 389,545.89 519,335.67 112,528.51
2017-12-31 387,668.92 599,045.56 78,493.48
2017-09-30 399,506.79 590,407.75 104,838.45
2017-06-30 376,269.34 551,774.35 94,087.56
2017-03-31 364,726.18 507,427.99 87,997.21
2016-12-31 354,264.95 506,832.99 49,171.95
2016-09-30 365,267.11 505,128.37 43,085.71
2016-06-30 349,461.86 526,230.55 57,844.30
2016-03-31 190,063.21 717,997.04 134,758.41
2015-12-31 202,724.95 344,498.15 50,902.97
2015-09-30 254,831.76 395,725.26 96,820.52
2015-06-30 256,742.59 339,022.93 41,323.22
2015-03-31 259,627.93 343,706.85 35,524.20
2014-12-31 251,709.38 331,142.02 42,929.15
2014-09-30 262,673.58 310,091.53 42,664.14
2014-06-30 259,856.87 235,011.17 46,529.77
2014-03-31 257,769.66 248,201.35 137,699.23
2013-12-31 256,672.65 215,752.05 74,658.53
2013-09-30 261,606.63 232,348.19 109,632.82
2013-06-30 261,025.12 228,844.54 98,012.63
2013-03-31 257,980.17 190,500.74 101,199.38
  • GS Global's level of debt (122.4%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (118.2% vs 122.4% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Interest payments on debt are well covered by earnings (EBIT is 3.1x coverage).
X
Financial health checks
We assess GS Global's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. GS Global has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is GS Global's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.27%
Current annual income from GS Global dividends.
If you bought ₩2,000 of GS Global shares you are expected to receive ₩25 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • GS Global's pays a higher dividend yield than the bottom 25% of dividend payers in Korea (Republic of) (0.96%).
  • GS Global's dividend is below the markets top 25% of dividend payers in Korea (Republic of) (2.99%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
KOSE:A001250 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Korea (Republic of) Trade Distributors Industry Average Dividend Yield Market Cap Weighted Average of 8 Stocks 2.8%
Korea (Republic of) Market Average Dividend Yield Market Cap Weighted Average of 806 Stocks 2.3%
Korea (Republic of) Minimum Threshold Dividend Yield 10th Percentile 0.5%
Korea (Republic of) Bottom 25% Dividend Yield 25th Percentile 1%
Korea (Republic of) Top 25% Dividend Yield 75th Percentile 3%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

KOSE:A001250 Past Annualized Dividends Data
Date (Data in ₩) Dividend per share (annual) Avg. Yield (%)
2011-02-10 1,627.000 12.361
2011-01-27 1,627.000 10.362
2011-01-20 1,627.000 9.813
2010-12-29 1,627.000 9.485
2010-12-21 1,627.000 8.161
2010-12-15 1,627.000 8.289
2010-04-30 1,627.000 8.024
2009-04-30 500.000 2.152

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of GS Global's earnings are paid to the shareholders as a dividend.
  • Dividends paid are thoroughly covered by earnings (9x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess GS Global's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.5%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can GS Global afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. GS Global has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of GS Global's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Tae-Hyung Kim
AGE 61
TENURE AS CEO 0.9 years
CEO Bio

Tae-Hyung Kim has been the President and Chief Executive Officer of GS Global Corp., since March 2019 and also its Inside Director since March 22, 2019. Tae-Hyung Kim served as Vice-President of Sales Department at GS Global Corporation until March 2019 and served as its Managing Director. Tae-Hyung Kim served as Managing Director and In Charge of Overseas Business at GS Retail Co., Ltd. Tae-Hyung Kim served as LA Branch Manager at LG International Corporation. Tae-Hyung Kim graduated from Hankuk University of Foreign Studies, majored in Spanish Literature.

CEO Compensation
  • Insufficient data for Tae-Hyung to compare compensation growth.
  • Insufficient data for Tae-Hyung to establish whether their remuneration is reasonable compared to companies of similar size in .
Management Team

Tae-Hyung Kim

TITLE
President
AGE
61
TENURE
0.9 yrs

Jung-Hae Doh

TITLE
Senior VP
AGE
53
TENURE
0.9 yrs

Chul Kim

TITLE
Managing Director of Sales Department
AGE
56

Won-Ho Noh

TITLE
Managing Director of Sales Department
AGE
55

Jang-Yeol Yoo

TITLE
Managing Director of Sales Department
AGE
52

Sung-Cheol Yang

TITLE
Managing Director of Sales Department
AGE
56
Board of Directors Tenure

Average tenure and age of the GS Global board of directors in years:

0.9
Average Tenure
61
Average Age
  • The average tenure for the GS Global board of directors is less than 3 years, this suggests a new board.
Board of Directors

Jung-Hae Doh

TITLE
Senior VP
AGE
53
TENURE
0.9 yrs

Taik-Keun Jung

TITLE
Non-Executive Director
AGE
66

Tae-Hyung Kim

TITLE
President
AGE
61
TENURE
0.9 yrs

Steve Park

TITLE
Outside Director
AGE
52
TENURE
2.9 yrs

Hyung-Soo Jeon

TITLE
Outside Director
AGE
66
TENURE
1.9 yrs

Kyeong-Jong Kim

TITLE
Outside Director
AGE
65
TENURE
2.9 yrs

Chan-Soo Chung

TITLE
Non-Executive Director
AGE
57
TENURE
0.9 yrs

Hyuk-Kwan Kwon

TITLE
Non-Executive Director
TENURE
0.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₩) Value (₩)
X
Management checks
We assess GS Global's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. GS Global has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

GS Global Corp., a general trading company, engages in the import, export, and triangular trade of steel, coal/biomass, petrochemicals, industrial products in South Korea and internationally. Its steel products include hot rolled and cold rolled steel, galvanized steel, semi-finished, and other products; petroleum products, such as mogas, kerosene, gas oil, fuel oil, asphalt, base oil, etc.; lubricants comprising automotive/industrial/marine lubricants/white oil, etc.; marine fuel oil/marine gas oil/marine diesel oil, etc.; and coal products and biomass. The company also supplies palm oils and stearin oils to manufacture biodiesels, as well as biodiesels and fermented ethyl alcohol; cement and clinker; and various industrial equipment consisting of special valves, laser processing machines, robotic welding machines, commercial vehicles, transformers, and other machinery and equipment; and materials/components, such as ingots for forging, tools and mold steels, high alloy steels, nonferrous alloys, and wind generator shafts and ferrite magnets for automotive motors, etc. In addition, it offers pre-delivery inspection services for imported cars; unloading and transporting services; and tank terminal services, as well as manufactures and supplies aircraft refueling vehicles; and manufactures and supplies process equipment for chemical and energy plants. Further, the company develops ports and port-hinterland construction projects; and organizes plants, infrastructure, power generation, and renewable energy projects. GS Global Corp. was founded in 1954 and is headquartered in Seoul, South Korea.

Details
Name: GS Global Corp.
A001250
Exchange: KOSE
Founded: 1954
₩162,515,547,940
82,495,202
Website: http://www.gsgcorp.com
Address: GS Global Corp.
GS Tower,
10th floor,
Seoul,
135-985,
South Korea
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
KOSE A001250 Common Stock Korea Stock Exchange KR KRW 02. Jan 1992
Number of employees
Current staff
Staff numbers
0
GS Global employees.
Industry
Trading Companies and Distributors
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/02/20 15:18
End of day share price update: 2020/02/20 00:00
Last earnings filing: 2019/11/13
Last earnings reported: 2019/09/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.