(KEP) Korea Electric Power - Ratings and Ratios
Electricity Generation, Transmission, Distribution
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 0.44% |
| Yield on Cost 5y | 0.69% |
| Yield CAGR 5y | -39.04% |
| Payout Consistency | 48.0% |
| Payout Ratio | 1.1% |
| Risk via 5d forecast | |
|---|---|
| Volatility | 35.1% |
| Value at Risk 5%th | 53.9% |
| Relative Tail Risk | -6.66% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 2.03 |
| Alpha | 128.60 |
| CAGR/Max DD | 0.83 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.450 |
| Beta | 0.427 |
| Beta Downside | 0.309 |
| Drawdowns 3y | |
|---|---|
| Max DD | 31.02% |
| Mean DD | 14.98% |
| Median DD | 15.86% |
Description: KEP Korea Electric Power October 30, 2025
Korea Electric Power Corporation (KEP) is South Korea’s vertically integrated utility, covering generation, transmission, and distribution of electricity domestically and in select overseas markets. It operates four business segments-Transmission & Distribution, Nuclear Power Generation, Thermal Power Generation, and Others-leveraging a diversified mix of generation assets that includes nuclear, coal, LNG, hydro, wind, solar, and emerging technologies such as fuel cells and biogas.
As of 31 December 2024, KEP managed 848 generation units with a combined installed capacity of 85,424 MW. Its transmission network spans 35,856 km of 765-kV and lower-voltage lines, supported by 925 substations (368,758 MVA transformer capacity). The distribution system adds another 547,850 km of lines, 148,176 MVA of transformer capacity, and over 10 million service points serving residential, commercial, industrial, and public-sector customers.
Key performance indicators from the most recent annual report show revenue of roughly $61 billion and a net profit margin of 3.2 % for 2023, while the company’s debt-to-equity ratio remains elevated at about 1.5 ×, reflecting the capital-intensive nature of regulated utilities. Two sector drivers are especially material: (1) South Korea’s policy target to source 20 % of electricity from renewables by 2030, pressuring KEP to accelerate wind and solar deployments; and (2) the phased de-commissioning of aging nuclear reactors, which could reduce baseload capacity unless new units or life-extension projects are approved. Both factors introduce uncertainty around future capacity mix and earnings stability.
For a deeper quantitative view of KEP’s valuation metrics and scenario analysis, you may find the ValueRay platform useful.
Piotroski VR‑10 (Strict, 0-10) 5.5
| Net Income (8303.19b TTM) > 0 and > 6% of Revenue (6% = 5866.00b TTM) |
| FCFTA 0.02 (>2.0%) and ΔFCFTA 1.34pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue -34.98% (prev -43.30%; Δ 8.31pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.13 (>3.0%) and CFO 31739.85b > Net Income 8303.19b (YES >=105%, WARN >=100%) |
| Net Debt (20631.49b) to EBITDA (29674.71b) ratio: 0.70 <= 3.0 (WARN <= 3.5) |
| Current Ratio 0.48 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (1.28b) change vs 12m ago 0.0% (target <= -2.0% for YES) |
| Gross Margin 19.75% (prev 11.94%; Δ 7.81pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 39.35% (prev 37.90%; Δ 1.45pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 4.58 (EBITDA TTM 29674.71b / Interest Expense TTM 3454.19b) >= 6 (WARN >= 3) |
Altman Z'' 0.04
| (A) -0.14 = (Total Current Assets 31866.85b - Total Current Liabilities 66067.66b) / Total Assets 253091.54b |
| (B) 0.11 = Retained Earnings (Balance) 27107.31b / Total Assets 253091.54b |
| (C) 0.06 = EBIT TTM 15816.75b / Avg Total Assets 248446.49b |
| (D) 0.15 = Book Value of Equity 30317.12b / Total Liabilities 206538.02b |
| Total Rating: 0.04 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 85.17
| 1. Piotroski 5.50pt |
| 2. FCF Yield 8.12% |
| 3. FCF Margin 4.59% |
| 4. Debt/Equity 0.52 |
| 5. Debt/Ebitda 0.70 |
| 6. ROIC - WACC (= 12.97)% |
| 7. RoE 19.43% |
| 8. Rev. Trend 84.89% |
| 9. EPS Trend 89.62% |
What is the price of KEP shares?
Over the past week, the price has changed by -1.23%, over one month by -1.98%, over three months by +26.58% and over the past year by +138.76%.
Is KEP a buy, sell or hold?
What are the forecasts/targets for the KEP price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 20 | 18.6% |
| Analysts Target Price | 20 | 18.6% |
| ValueRay Target Price | 18.2 | 7.8% |
KEP Fundamental Data Overview December 22, 2025
P/E Trailing = 3.8874
P/E Forward = 18.1488
P/S = 0.0002
P/B = 0.6884
Beta = 0.818
Revenue TTM = 97766.66b KRW
EBIT TTM = 15816.75b KRW
EBITDA TTM = 29674.71b KRW
Long Term Debt = 84699.49b KRW (from longTermDebt, last quarter)
Short Term Debt = 10988.35b KRW (from shortTermDebt, last quarter)
Debt = 24358.84b KRW (from shortLongTermDebtTotal, last fiscal year)
Net Debt = 20631.49b KRW (from netDebt column, last quarter)
Enterprise Value = 55245.96b KRW (31440.02b + Debt 24358.84b - CCE 552.90b)
Interest Coverage Ratio = 4.58 (Ebit TTM 15816.75b / Interest Expense TTM 3454.19b)
FCF Yield = 8.12% (FCF TTM 4483.67b / Enterprise Value 55245.96b)
FCF Margin = 4.59% (FCF TTM 4483.67b / Revenue TTM 97766.66b)
Net Margin = 8.49% (Net Income TTM 8303.19b / Revenue TTM 97766.66b)
Gross Margin = 19.75% ((Revenue TTM 97766.66b - Cost of Revenue TTM 78454.43b) / Revenue TTM)
Gross Margin QoQ = 23.64% (prev 13.35%)
Tobins Q-Ratio = 0.22 (Enterprise Value 55245.96b / Total Assets 253091.54b)
Interest Expense / Debt = 0.00% (Interest Expense 770.6m / Debt 24358.84b)
Taxrate = 29.15% (1586.92b / 5444.47b)
NOPAT = 11206.57b (EBIT 15816.75b * (1 - 29.15%))
Current Ratio = 0.48 (Total Current Assets 31866.85b / Total Current Liabilities 66067.66b)
Debt / Equity = 0.52 (Debt 24358.84b / totalStockholderEquity, last quarter 46553.52b)
Debt / EBITDA = 0.70 (Net Debt 20631.49b / EBITDA 29674.71b)
Debt / FCF = 4.60 (Net Debt 20631.49b / FCF TTM 4483.67b)
Total Stockholder Equity = 42736.79b (last 4 quarters mean from totalStockholderEquity)
RoA = 3.28% (Net Income 8303.19b / Total Assets 253091.54b)
RoE = 19.43% (Net Income TTM 8303.19b / Total Stockholder Equity 42736.79b)
RoCE = 12.41% (EBIT 15816.75b / Capital Employed (Equity 42736.79b + L.T.Debt 84699.49b))
RoIC = 17.25% (NOPAT 11206.57b / Invested Capital 64972.10b)
WACC = 4.28% (E(31440.02b)/V(55798.86b) * Re(7.59%) + D(24358.84b)/V(55798.86b) * Rd(0.00%) * (1-Tc(0.29)))
Discount Rate = 7.59% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 8.05%
Shares Correlation 3-Years: -81.65 | Cagr: -0.00%
[DCF Debug] Terminal Value 74.31% ; FCFE base≈3108.99b ; Y1≈2453.46b ; Y5≈1620.96b
Fair Price DCF = 23.5k (DCF Value 30208.27b / Shares Outstanding 1.28b; 5y FCF grow -25.18% → 3.0% )
EPS Correlation: 89.62 | EPS CAGR: 32.17% | SUE: 0.37 | # QB: 0
Revenue Correlation: 84.89 | Revenue CAGR: 17.12% | SUE: 0.03 | # QB: 0
EPS next Quarter (2026-03-31): EPS=1.75 | Chg30d=N/A | Revisions Net=+0 | Analysts=1
EPS next Year (2026-12-31): EPS=6.00 | Chg30d=N/A | Revisions Net=+0 | Growth EPS=+19.2% | Growth Revenue=+2.3%
Additional Sources for KEP Stock
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle