(KEP) Korea Electric Power - Overview
Sector: Utilities | Industry: Utilities - Regulated Electric | Exchange: NYSE (USA) | Market Cap: 16.807m USD | Total Return: 15.4% in 12m
Avg Turnover: 10.1M
Qual. Beats: 0
Rev. Trend: 15.8%
Qual. Beats: -2
Warnings
Earnings expected to drop: P/E 2.9 → Forward 17.9
Altman Z'' -0.21 < 1.0 - financial distress zone
Tailwinds
No distinct edge detected
Korea Electric Power Corporation (KEP) functions as the primary integrated electric utility in South Korea, managing the full lifecycle of energy from generation to distribution. The company operates a diverse portfolio including nuclear, thermal, renewable, and hydroelectric power plants, while maintaining the nations transmission grids and smart metering infrastructure. Beyond domestic utility operations, KEP provides engineering, procurement, and construction (EPC) services for international power projects and develops electric vehicle charging networks.
The utility sector in South Korea is characterized by high capital intensity and significant government oversight, as KEP is a state-controlled entity responsible for national energy security. Its business model relies on a regulated tariff system where electricity rates are often adjusted to balance fuel input costs with public inflation targets. Investors can examine the company’s valuation metrics and historical dividend trends on ValueRay to better understand its market position. The company continues to pivot toward decarbonization through investments in clean hydrogen and offshore wind initiatives.
- Government regulated tariff adjustments dictate recovery of fuel cost fluctuations
- Volatile global liquefied natural gas prices drive thermal generation operating margins
- South Korean nuclear power expansion policy lowers long-term energy procurement costs
- High debt servicing requirements impact valuation amid elevated global interest rates
- Domestic industrial electricity demand shifts correlate with South Korean export performance
| Net Income: 6218b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.02 > 0.02 and ΔFCF/TA 1.20 > 1.0 |
| NWC/Revenue: -55.50% < 20% (prev -35.40%; Δ -20.10% < -1%) |
| CFO/TA 0.08 > 3% & CFO 21468b > Net Income 6218b |
| Net Debt (125615b) to EBITDA (21838b): 5.75 < 3 |
| Current Ratio: 0.43 > 1.5 & < 3 |
| Outstanding Shares: last quarter (1.30b) vs 12m ago 1.04% < -2% |
| Gross Margin: 15.75% > 18% (prev 0.17%; Δ 1.56k% > 0.5%) |
| Asset Turnover: 28.72% > 50% (prev 37.74%; Δ -9.03% > 0%) |
| Interest Coverage Ratio: 3.59 > 6 (EBITDA TTM 21838b / Interest Expense TTM 3223b) |
| A: -0.16 (Total Current Assets 30181b - Total Current Liabilities 70341b) / Total Assets 254020b |
| B: 0.08 (Retained Earnings 21352b / Total Assets 254020b) |
| C: 0.05 (EBIT TTM 11580b / Avg Total Assets 251966b) |
| D: 0.23 (Book Value of Equity 47150b / Total Liabilities 203358b) |
| Altman-Z'' = -0.21 = B |
| DSRI: 1.38 (Receivables 11710b/11073b, Revenue 72360b/94330b) |
| GMI: 1.07 (GM 15.75% / 16.87%) |
| AQI: 1.03 (AQ_t 0.15 / AQ_t-1 0.14) |
| SGI: 0.77 (Revenue 72360b / 94330b) |
| TATA: -0.06 (NI 6218b - CFO 21468b) / TA 254020b) |
| Beneish M = -2.86 (Cap -4..+1) = A |
As of May 25, 2026, the stock is trading at USD 13.22 with a total of 805,427 shares traded.
Over the past week, the price has changed by +0.69%,
over one month by -16.25%,
over three months by -41.22% and
over the past year by +15.40%.
Korea Electric Power has no consensus analysts rating.
| Analysts Target Price | 16 | 21% |
P/E Forward = 17.8571
P/S = 0.0002
P/B = 0.5234
P/EG = 0.4442
Revenue TTM = 72360b USD
EBIT TTM = 11580b USD
EBITDA TTM = 21838b USD
Long Term Debt = 83882b USD (from longTermDebt, last fiscal year)
Short Term Debt = 48087b USD (from shortTermDebt, last quarter)
Debt = 132682b USD (from shortLongTermDebtTotal, last quarter) + Leases 3151b
Net Debt = 125615b USD (calculated: Debt 132682b - CCE 7067b)
Enterprise Value = 125632b USD (16.8b + Debt 132682b - CCE 7067b)
Interest Coverage Ratio = 3.59 (Ebit TTM 11580b / Interest Expense TTM 3223b)
EV/FCF = 24.31x (Enterprise Value 125632b / FCF TTM 5168b)
FCF Yield = 4.11% (FCF TTM 5168b / Enterprise Value 125632b)
FCF Margin = 7.14% (FCF TTM 5168b / Revenue TTM 72360b)
Net Margin = 8.59% (Net Income TTM 6218b / Revenue TTM 72360b)
Gross Margin = 15.75% ((Revenue TTM 72360b - Cost of Revenue TTM 60961b) / Revenue TTM)
Gross Margin QoQ = 18.62% (prev 8.88%)
Tobins Q-Ratio = 0.49 (Enterprise Value 125632b / Total Assets 254020b)
Interest Expense / Debt = 2.43% (Interest Expense 3223b / Debt 132682b)
Taxrate = 25.80% (597.8m / 2.32b)
NOPAT = 8592b (EBIT 11580b * (1 - 25.80%))
Current Ratio = 0.43 (Total Current Assets 30181b / Total Current Liabilities 70341b)
Debt / Equity = 2.68 (Debt 132682b / totalStockholderEquity, last quarter 49525b)
Debt / EBITDA = 5.75 (Net Debt 125615b / EBITDA 21838b)
Debt / FCF = 24.31 (Net Debt 125615b / FCF TTM 5168b)
Total Stockholder Equity = 46692b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.47% (Net Income 6218b / Total Assets 254020b)
RoE = 13.32% (Net Income TTM 6218b / Total Stockholder Equity 46692b)
RoCE = 8.87% (EBIT 11580b / Capital Employed (Equity 46692b + L.T.Debt 83882b))
RoIC = 3.71% (NOPAT 8592b / Invested Capital 231765b)
WACC = 1.80% (E(16.8b)/V(132699b) * Re(6.66%) + D(132682b)/V(132699b) * Rd(2.43%) * (1-Tc(0.26)))
Discount Rate = 6.66% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 30.45 | Cagr: 0.46%
[DCF] Terminal Value 77.97% ; FCFF base≈3931b ; Y1≈4506b ; Y5≈6632b
[DCF] Fair Price = N/A (negative equity: EV 99796b - Net Debt 125615b = -25819b; debt exceeds intrinsic value)
EPS Correlation: N/A | EPS CAGR: N/A | SUE: -0.11 | # QB: 0
Revenue Correlation: 15.79 | Revenue CAGR: 1.53% | SUE: -4.0 | # QB: -2
EPS current Quarter (2026-06-30): EPS=1.12 | Chg30d=+39.77% | Revisions=+20% | Analysts=1
EPS next Quarter (2026-09-30): EPS=1.43 | Chg30d=N/A | Revisions=N/A | Analysts=1
EPS current Year (2026-12-31): EPS=3.66 | Chg30d=+5.08% | Revisions=+20% | GrowthEPS=-19.4% | GrowthRev=+1.4%
EPS next Year (2027-12-31): EPS=3.85 | Chg30d=N/A | Revisions=N/A | GrowthEPS=+5.1% | GrowthRev=+6.2%