KEP Stock Analysis: Korea Electric Power | NYSE
Utilities - Regulated Electric | NYSE, USA | Market Cap: 15.112m USD | 12M Return: -18.5% | US5006311063 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 11.8M
Qual. Beats: 0
Rev. Trend: 94.6%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.6 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Korea Electric Power Corporation (KEPCO) is the state-owned, vertically integrated electric utility of South Korea, operating across generation, transmission, and distribution both domestically and internationally. Its business is organized into five segments: Electricity Sales, Nuclear Power Generation, Thermal Power Generation, Power Support, and Other. Beyond core utility operations, the company is active in a wide range of adjacent activities, including HVDC transmission, grid digitalization, EV charging infrastructure, microgrids, solar generation, clean hydrogen, nuclear fuel manufacturing, power IT, and consulting/EPC projects abroad. KEPCO was founded in 1961 and is headquartered in Naju-si, South Korea, and trades on the NYSE as an ADR.
Sector and business model context: As an integrated national utility, KEPCO combines regulated rate-setting with ownership of generation assets, including a notably large nuclear fleet that makes South Korea one of the most nuclear-dependent power markets in the OECD. The company also serves as a transmission system operator and participates in cross-border interconnection projects, particularly HVDC submarine links to neighboring grids.
- South Korea approves phased electricity tariff hike to offset fuel costs
- Nuclear reactor restarts improve generation margins and capacity utilization
- LNG and coal import costs pressure thermal segment profitability
- Industrial power demand surges from semiconductor and AI data center expansion
| Net Income: 7840b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.02 > 0.02 and ΔFCF/TA 0.70 > 1.0 |
| NWC/Revenue: -41.53% < 20% (prev -34.86%; Δ -6.67% < -1%) |
| CFO/TA 0.08 > 3% & CFO 21163b > Net Income 7840b |
| Net Debt (125631b) to EBITDA (27836b): 4.51 < 3 |
| Current Ratio: 0.43 > 1.5 & < 3 |
| Outstanding Shares: last quarter (1.30b) vs 12m ago 1.04% < -2% |
| Gross Margin: 14.57% > 18% (prev 17.57%; Δ -2.99% > 0.5%) |
| Asset Turnover: 38.38% > 50% (prev 38.34%; Δ 0.05% > 0%) |
| Interest Coverage Ratio: 3.31 > 6 (EBIT TTM 14372b / Interest Expense TTM 4340b) |
| A: -0.16 (Total Current Assets 30181b - Total Current Liabilities 70341b) / Total Assets 254020b |
| B: 0.08 (Retained Earnings 21352b / Total Assets 254020b) |
| C: 0.06 (EBIT TTM 14372b / Avg Total Assets 251966b) |
| D: 0.24 (Book Value of Equity 49525b / Total Liabilities 203358b) |
| Altman-Z'' = -0.12 = B |
| DSRI: 1.05 (Receivables 11710b/11073b, Revenue 96711b/95806b) |
| GMI: 1.21 (GM 17.57% / 14.57%) |
| AQI: 1.03 (AQ_t 0.15 / AQ_t-1 0.14) |
| SGI: 1.01 (Revenue 96711b / 95806b) |
| TATA: -0.05 (NI 7840b - CFO 21163b) / TA 254020b) |
| Beneish M = -2.78 (Cap -4..+1) = A |
As of August 23, 2026, the stock is trading at USD 11.26 with a total of 632,076 shares traded. Over the past week, the price has changed by -4.33%, over one month by -4.01%, over three months by -14.83% and over the past year by -18.49%.
Current recommended Stop Loss: 10.80 (which is 4.1% or 1.4 ATR below the current price).
Korea Electric Power has no consensus analysts rating.
| Analysts Target Price | 15 | 33.2% |
P/E Trailing = 2.7309
P/E Forward = 17.8571
P/S = 0.0002
P/B = 0.4265
P/EG = 0.4442
Revenue TTM = 96711b USD
EBIT TTM = 14372b USD
EBITDA TTM = 27836b USD
Long Term Debt = 83882b USD (from longTermDebt, last fiscal year)
Short Term Debt = 48087b USD (from shortTermDebt, last quarter)
Debt = 132698b USD (from shortLongTermDebtTotal, last quarter) + Leases 3167b
Net Debt = 125631b USD (calculated: Debt 132698b - CCE 7067b)
Enterprise Value = 125646b USD (15.1b + Debt 132698b - CCE 7067b)
Interest Coverage Ratio = 3.31 (Ebit TTM 14372b / Interest Expense TTM 4340b)
EV/FCF = 24.45x (Enterprise Value 125646b / FCF TTM 5140b)
FCF Yield = 4.09% (FCF TTM 5140b / Enterprise Value 125646b)
FCF Margin = 5.31% (FCF TTM 5140b / Revenue TTM 96711b)
Net Margin = 8.11% (Net Income TTM 7840b / Revenue TTM 96711b)
Gross Margin = 14.57% ((Revenue TTM 96711b - Cost of Revenue TTM 82617b) / Revenue TTM)
Gross Margin QoQ = 5.15% (prev 18.44%)
Tobins Q-Ratio = 0.49 (Enterprise Value 125646b / Total Assets 254020b)
Interest Expense / Debt = 3.27% (Interest Expense 4340b / Debt 132698b)
Taxrate = 24.60% (2585b / 10511b)
NOPAT = 10837b (EBIT 14372b * (1 - 24.60%))
Current Ratio = 0.43 (Total Current Assets 30181b / Total Current Liabilities 70341b)
Debt / Equity = 2.68 (Debt 132698b / totalStockholderEquity, last quarter 49525b)
Debt / EBITDA = 4.51 (Net Debt 125631b / EBITDA 27836b)
Debt / FCF = 24.44 (Net Debt 125631b / FCF TTM 5140b)
Total Stockholder Equity = 46692b (last 4 quarters mean from totalStockholderEquity)
RoA = 3.11% (Net Income 7840b / Total Assets 254020b)
RoE = 16.79% (Net Income TTM 7840b / Total Stockholder Equity 46692b)
RoCE = 11.01% (EBIT 14372b / Capital Employed (Equity 46692b + L.T.Debt 83882b))
RoIC = 4.78% (NOPAT 10837b / Invested Capital 226930b)
WACC = 2.47% (E(15.1b)/V(132713b) * Re(7.04%) + D(132698b)/V(132713b) * Rd(3.27%) * (1-Tc(0.25)))
Discount Rate = 7.04% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 52.64 | Cagr: 0.0%
[DCF] Terminal Value 77.97% ; FCFF base≈4412b ; Y1≈5057b ; Y5≈7443b
[DCF] Fair Price = N/A (negative equity: EV 112002b - Net Debt 125631b = -13629b; debt exceeds intrinsic value)
EPS Correlation: N/A | EPS CAGR: N/A | SUE: -0.01 | # QB: 0
Revenue Correlation: 94.60 | Revenue CAGR: 4.56% | SUE: -0.62 | # QB: 0
EPS current Quarter (2026-06-30): EPS=1.43 | Chg30d=N/A | Revisions=+25% | Analysts=1
EPS next Quarter (2026-09-30): EPS=1.43 | Chg30d=N/A | Revisions=+0% | Analysts=1
EPS current Year (2026-12-31): EPS=3.11 | Chg30d=-15.02% | Revisions=+25% | GrowthEPS=-31.5% | GrowthRev=+0.7%
EPS next Year (2027-12-31): EPS=2.82 | Chg30d=-26.72% | Revisions=+0% | GrowthEPS=-9.4% | GrowthRev=+4.5%