Korea Electric Power Corporation (KEP) 10-Year Financial Performance & Capital Metrics

KEP • • Utilities

UtilitiesElectric UtilitiesInternational Electric UtilitiesAsian & European Electric Utilities

AboutKorea Electric Power Corporation, an integrated electric utility company, generates, transmits, and distributes electricity in South Korea and internationally. The company operates through Transmission and Distribution, Nuclear Power Generation, Thermal Power Generation, and Others segments. It generates power from nuclear, coal, oil, liquefied natural gas, internal combustion, combined-cycle, integrated gasification combined cycle, hydro, wind, solar, fuel cell, biogas, and other sources. As of December 31, 2021, the company had a total of 763 generation units, including nuclear, thermal, hydroelectric, and internal combustion units with an installed generation capacity of 82,459 megawatts. Its transmission system consisted of 34,923 circuit kilometers of lines of 765 kilovolts and others, including high-voltage direct current lines, as well as 892 substations with an installed transformer capacity of 344,286 megavolt-amperes; and distribution system included 132,376 megavolt-amperes of transformer capacity and 9,940,440 units of support with a total line length of 532,348 circuit kilometers. The company provides electricity to residential, commercial, educational, industrial, agricultural, street lighting, and overnight power usage. It also offers utility plant maintenance, resources development, electric power information technology, facility maintenance and service, electric meter reading, security, information, and communication line leasing services, as well as sells nuclear fuel. Korea Electric Power Corporation was founded in 1961 and is headquartered in Naju-si, South Korea.Show more

Revenue $93398.9B +6.8%
EBITDA $21709.83B +147.1%
Net Income $3491.7B +172.4%
Free Cash Flow $1660.08B +113.4%
EBITDA Margin 23.24% +131.4%
Net Margin 3.74% +167.8%
ROE 8.88% +173.0%
Interest Coverage 1.79 +288.0%
Debt/Equity 0.59 -7.2%
Net Debt/EBITDA 1.01 -53.9%
CapEx / Revenue 15.22% -4.3%
CapEx Coverage 1.12 +920.4%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong Piotroski F-Score: 7/9
✓Momentum leader: RS Rating 81 (top 19%)
✓Trading near 52-week high
✓Trading at only 0.0x book value

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y4.98%

5Y9.56%

3Y15.89%

TTM4.64%

Profit (Net Income) CAGR

10Y2.65%

5Y-

3Y-

TTM138.55%

EPS CAGR

10Y2.4%

5Y-

3Y-

TTM138.64%

ROCE

10Y Avg0.13%

5Y Avg-3.2%

3Y Avg-5.04%

Latest4.63%

Peer Comparison

Asian & European Electric Utilities

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
EMAEmera Incorporated	14.74B	48.84	28.56	-4.8%	13.77%	8.71%		1.49
NGGNational Grid plc	78.86B	79.36	26.90	-7.42%	12.72%	12.58%		1.26
FTSFortis Inc.	26.13B	51.70	15.96	-0.08%	14.7%	6.28%		1.30
KEPKorea Electric Power Corporation	23.88B	18.60	0.01	6.77%	6.66%	14.5%	100%	0.59

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Revenue+	58.96T	60.19T	59.81T	60.63T	59.17T	57.93T	60.01T	70.55T	87.48T	93.4T
Revenue Growth %	0.03%	0.02%	-0.01%	0.01%	-0.02%	-0.02%	0.04%	0.18%	0.24%	0.07%
Cost of Revenue	45.46T	45.55T	52.1T	58.21T	57.78T	51.8T	63.64T	100.9T	89.7T	82.17T
Gross Profit+	13.5T	14.64T	7.72T	2.42T	1.39T	6.12T	-3.63T	-30.36T	-2.22T	11.23T
Gross Margin %	-	-	-	-	-	-	-	-	-	-
Gross Profit Growth %	0.75%	0.08%	-0.47%	-0.69%	-0.42%	3.39%	-1.59%	-7.36%	0.93%	6.05%
Operating Expenses+	-7.16T	1.92T	1.92T	2.51T	2.5T	2.02T	2.09T	1.88T	2.02T	2.86T
Other Operating Expenses	-	-	-	-	-	-	-	-	-	-
EBITDA+	19.69T	20.96T	14.73T	9.34T	9.42T	15.65T	6.22T	-19.78T	8.79T	21.71T
EBITDA Margin %	-	-	-	-	-	-	-	-	-	-
EBITDA Growth %	0.44%	0.06%	-0.3%	-0.37%	0.01%	0.66%	-0.6%	-4.18%	1.44%	1.47%
Depreciation & Amortization+	8.34T	8.96T	9.77T	10.02T	11.13T	11.55T	11.94T	12.46T	13.03T	13.35T
D&A / Revenue %	-	-	-	-	-	-	-	-	-	-
Operating Income (EBIT)+	11.35T	12T	4.95T	-685.11B	-1.71T	4.1T	-5.72T	-32.24T	-4.25T	8.36T
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	0.96%	0.06%	-0.59%	-1.14%	-1.49%	3.4%	-2.4%	-4.63%	0.87%	2.97%
Interest Expense+	2.02T	1.75T	3.13T	1.87T	2.05T	2T	1.91T	2.82T	4.45T	4.67T
Interest Coverage	5.63x	6.85x	1.58x	-0.37x	-0.83x	2.05x	-2.99x	-11.44x	-0.95x	1.79x
Interest / Revenue %	-	-	-	-	-	-	-	-	-	-
Non-Operating Income	1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K
Pretax Income+	18.66T	10.51T	3.61T	-2T	-3.27T	2.99T	-7.07T	-33.84T	-7.55T	5.26T
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	5.24T	3.37T	2.17T	-826.32B	-1T	899.06B	-1.86T	-9.41T	-2.84T	1.63T
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	13.29T	7.05T	1.3T	-1.31T	-2.35T	1.99T	-5.3T	-24.47T	-4.82T	3.49T
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	3.95%	-0.47%	-0.82%	-2.01%	-0.78%	1.85%	-3.66%	-3.61%	0.8%	1.72%
EPS (Diluted)+	10350.50	5489.50	1011.50	-1024.00	-1827.00	1550.98	-4131.50	-19026.85	-3756.09	2719.55
EPS Growth %	3.83%	-0.47%	-0.82%	-2.01%	-0.78%	1.85%	-3.66%	-3.61%	0.8%	1.72%
EPS (Basic)	10350.50	5489.50	1011.52	-1024.00	-1827.00	1550.98	-4131.48	-19026.85	-3756.09	2719.55
Diluted Shares Outstanding	1.28B	1.28B	1.28B	1.28B	1.28B	1.28B	1.28B	1.28B	1.28B	1.28B

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Assets+	175.26T	177.84T	181.79T	185.25T	197.6T	203.14T	211.12T	234.8T	239.71T	246.81T
Asset Growth %	0.07%	0.01%	0.02%	0.02%	0.07%	0.03%	0.04%	0.11%	0.02%	0.03%
PP&E (Net)+	141.36T	145.74T	150.88T	152.74T	164.7T	168.71T	173.72T	178.44T	180.46T	183.59T
PP&E / Total Assets %	-	-	-	-	-	-	-	-	-	-
Total Current Assets+	22.03T	19.71T	19.14T	19.75T	19.48T	20.56T	22.05T	29.75T	29.54T	29.26T
Cash & Equivalents	3.78T	3.05T	2.37T	1.36T	1.81T	2.03T	2.64T	3.23T	4.34T	2.38T
Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Inventory	4.95T	5.48T	6T	7.19T	7.05T	6.74T	7.61T	9.93T	8.88T	9.77T
Other Current Assets	786.86B	376.28B	1.06T	1.12T	1.27T	1.14T	983.61B	1.55T	722.27B	1.18T
Long-Term Investments	8.19T	8.17T	7.37T	7.99T	8.19T	8.29T	9.6T	11.37T	12.35T	14.15T
Goodwill	2.58B	2.58B	2.58B	2.58B	97.98B	98.17B	105.65B	100.09B	99.16B	99.18B
Intangible Assets	855.83B	980.82B	1.19T	1.23T	1.07T	1.06T	460.76B	377.01B	447.91B	443.77B
Other Assets	2.2T	2.44T	2.29T	2.31T	2.61T	2.69T	3.28T	3.82T	3.66T	5.84T
Total Liabilities	107.31T	104.79T	108.82T	114.16T	128.71T	132.48T	145.8T	192.8T	202.45T	205.44T
Total Debt+	659.39B	541.18B	4.02T	4.71T	9.78T	9.74T	11.06T	124.77T	23.65T	24.36T
Net Debt	-3.12T	-2.51T	1.65T	3.36T	7.96T	7.71T	8.42T	121.53T	19.3T	21.98T
Long-Term Debt	0	0	2.43T	3.26T	3.39T	3T	2.27T	97.95T	3.39T	3.12T
Short-Term Borrowings	0	0	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Capital Lease Obligations	659.39B	541.18B	418.26B	283.81B	5.07T	4.62T	4.41T	4.16T	3.81T	3.7T
Total Current Liabilities+	22.71T	24.74T	23.42T	21.84T	24.23T	25.88T	31.73T	44.52T	61.25T	63.97T
Accounts Payable	3.34T	2.61T	4.59T	5.04T	2.86T	2.61T	4.78T	7.53T	4.34T	4.49T
Accrued Expenses	1.08T	1.15T	1.09T	1.13T	1.03T	1.2T	1.17T	1.61T	1.86T	1.98T
Deferred Revenue	393.97B	471.1B	518.22B	619.11B	621.92B	660.66B	699.58B	789.01B	771.54B	814.05B
Other Current Liabilities	15.22T	16.58T	15.07T	13.19T	15.13T	16.12T	17.92T	8.45T	34.2T	34.96T
Deferred Taxes	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Liabilities	68.84T	63.26T	64.4T	71.16T	79.47T	81.2T	91.17T	30.05T	118.62T	116.43T
Total Equity+	67.94T	73.05T	72.96T	71.09T	68.89T	70.67T	65.33T	42T	37.26T	41.36T
Equity Growth %	0.24%	0.08%	-0%	-0.03%	-0.03%	0.03%	-0.08%	-0.36%	-0.11%	0.11%
Shareholders Equity	66.63T	71.72T	71.68T	69.74T	67.5T	69.3T	63.78T	40.55T	35.85T	39.92T
Minority Interest	1.31T	1.33T	1.28T	1.35T	1.39T	1.37T	1.55T	1.45T	1.42T	1.45T
Common Stock	3.21T	3.21T	3.21T	3.21T	3.21T	3.21T	3.21T	3.21T	3.21T	3.21T
Additional Paid-in Capital	2.04T	2.08T	2.08T	2.08T	2.07T	2.07T	2.07T	2.11T	2.44T	2.44T
Retained Earnings	48.19T	53.17T	53.37T	51.52T	49.2T	51.13T	45.26T	21.43T	16.34T	20.13T
Accumulated OCI	-98.71B	-33.88B	-271.46B	-358.57B	-280.73B	-409.58B	-57.63B	496.98B	557.43B	1.42T
Return on Assets (ROA)	0.08%	0.04%	0.01%	-0.01%	-0.01%	0.01%	-0.03%	-0.11%	-0.02%	0.01%
Return on Equity (ROE)	0.22%	0.1%	0.02%	-0.02%	-0.03%	0.03%	-0.08%	-0.46%	-0.12%	0.09%
Debt / Equity	0.01x	0.01x	0.06x	0.07x	0.14x	0.14x	0.17x	2.97x	0.63x	0.59x
Debt / Assets	0%	0%	0.02%	0.03%	0.05%	0.05%	0.05%	0.53%	0.1%	0.1%
Net Debt / EBITDA	-0.16x	-0.12x	0.11x	0.36x	0.85x	0.49x	1.35x	-	2.20x	1.01x
Book Value per Share	52.92K	56.9K	56.83K	55.37K	53.66K	55.04K	50.88K	32.71K	29.02K	32.22K

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	16.94T	16.52T	11.25T	6.68T	8.21T	13.21T	4.47T	-23.48T	1.52T	15.88T
Operating CF Growth %	0.41%	-0.02%	-0.32%	-0.41%	0.23%	0.61%	-0.66%	-6.25%	1.06%	9.43%
Operating CF / Revenue %	-	-	-	-	-	-	-	-	-	-
Net Income	13.42T	7.15T	1.44T	-742.73B	-2.26T	2.09T	-5.22T	-24.43T	-4.82T	3.49T
Depreciation & Amortization	8.34T	8.96T	9.77T	10.02T	11.13T	11.55T	11.94T	12.46T	13.03T	14T
Deferred Taxes	5.24T	3.37T	2.17T	-826.32B	-1T	899.06B	-1.86T	-9.41T	-2.84T	0
Other Non-Cash Items	-7.77T	-774.24B	887.75B	1.84T	1.39T	-111.69B	-418.48B	-474.28B	-7.69B	571.02B
Working Capital Changes	-2.28T	-2.18T	-3.03T	-3.61T	-1.04T	-1.22T	24.96B	-1.62T	-3.84T	-2.18T
Capital Expenditures+	-14.14T	-12.15T	-12.68T	-12.38T	-14.23T	-13.4T	-12.78T	-12.43T	-13.93T	-14.22T
CapEx / Revenue %	-	-	-	-	-	-	-	-	-	-
CapEx / D&A	-	-	-	-	-	-	-	-	-	-
CapEx Coverage (OCF/CapEx)	-	-	-	-	-	-	-	-	-	-
Cash from Investing+	-9.77T	-9.65T	-12.61T	-13.01T	-13.5T	-14.83T	-12.35T	-14.95T	-13.07T	-14.09T
Acquisitions	-95.02B	-62.82B	-196.21B	-315.67B	-262.13B	-336.67B	-732.04B	-336.14B	-517.68B	-2.74B
Purchase of Investments	-5.33T	-8.13T	-4.79T	-2.84T	-2.17T	-9.2T	-5.89T	-16.5T	-3.64T	0
Sale of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	0
Other Investing	9.54T	-175.23B	-240.61B	101.22B	374.43B	89.57B	29.07B	123.68B	602.61B	125.67B
Cash from Financing+	-5.21T	-7.64T	745.59B	5.3T	5.78T	1.88T	8.44T	39T	12.66T	-3.85T
Dividends Paid	-409.88B	-2.09T	-1.34T	-599.39B	-99.36B	-81.3B	-812.16B	-42.35B	-45.32B	-126.9B
Dividend Payout Ratio %	0.03%	0.3%	1.03%	-	-	0.04%	-	-	-	0.04%
Debt Issuance (Net)	-1000K	-1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	-1000K
Stock Issued	0	0	0	0	0	0	0	0	0	0
Share Repurchases	0	0	0	0	0	0	0	0	0	0
Other Financing	160.91B	66.76B	39.14B	63.19B	106.13B	37.31B	165.88B	409.08B	588.52B	-1.04T
Net Change in Cash+	1.99T	-731.71B	-681.61B	-1.01T	451.78B	219.46B	605.65B	599.54B	1.11T	-1.96T
Exchange Rate Effect	1000K	1000K	-1000K	1000K	-1000K	-1000K	1000K	1000K	-1000K	1000K
Cash at Beginning	1.8T	3.78T	3.05T	2.37T	1.36T	1.81T	2.03T	2.64T	3.23T	4.34T
Cash at End	3.78T	3.05T	2.37T	1.36T	1.81T	2.03T	2.64T	3.23T	4.34T	2.38T
Free Cash Flow+	2.81T	4.37T	-1.43T	-5.7T	-6.02T	-193.19B	-8.31T	-35.9T	-12.4T	1.66T
FCF Growth %	2.09%	0.56%	-1.33%	-2.98%	-0.06%	0.97%	-42.01%	-3.32%	0.65%	1.13%
FCF Margin %	-	-	-	-	-	-	-	-	-	-
FCF / Net Income %	-	-	-	-	-	-	-	-	-	-

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	21.65%	10%	1.78%	-1.83%	-3.35%	2.85%	-7.8%	-45.59%	-12.17%	8.88%
EBITDA Margin	33.39%	34.83%	24.62%	15.4%	15.92%	27.01%	10.36%	-28.04%	10.05%	23.24%
Net Debt / EBITDA	-0.16x	-0.12x	0.11x	0.36x	0.85x	0.49x	1.35x	-	2.20x	1.01x
Interest Coverage	5.63x	6.85x	1.58x	-0.37x	-0.83x	2.05x	-2.99x	-11.44x	-0.95x	1.79x
CapEx / Revenue	23.98%	20.19%	21.2%	20.42%	24.05%	23.14%	21.3%	17.62%	15.9%	15.22%
Dividend Payout Ratio	3.08%	29.63%	103.21%	-	-	4.08%	-	-	-	3.63%
Debt / Equity	0.01x	0.01x	0.06x	0.07x	0.14x	0.14x	0.17x	2.97x	0.63x	0.59x
EPS Growth	382.54%	-46.96%	-81.57%	-201.24%	-78.42%	184.89%	-366.38%	-360.53%	80.26%	172.4%

Revenue by Segment

	2017	2018	2019	2020	2021	2022	2023	2024
Others	-	-	-	-	-	-	2.19T	1.41T
Others Growth	-	-	-	-	-	-	-	-35.88%
Heat Supply	-	-	-	-	232.29B	489.63B	440.44B	363.15B
Heat Supply Growth	-	-	-	-	-	110.78%	-10.05%	-17.55%

Revenue by Geography

	2017	2018	2019	2020	2021	2022	2023	2024
Country of domicile	55.37T	57.51T	170.27T	169.73T	252.22B	370.8B	-	-
Country of domicile Growth	-	3.87%	196.05%	-0.32%	-99.85%	47.02%	-	-
Foreign countries	164.17B	-	3.25T	2.3T	204.18B	343.8B	-	-
Foreign countries Growth	-	-	-	-29.19%	-91.13%	68.38%	-	-

Frequently Asked Questions

Valuation & Price

Korea Electric Power Corporation (KEP) has a price-to-earnings (P/E) ratio of 0.0x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Korea Electric Power Corporation (KEP) reported $94.99T in revenue for fiscal year 2024. This represents a 118% increase from $43.53T in 2011.

Korea Electric Power Corporation (KEP) grew revenue by 6.8% over the past year. This is steady growth.

Yes, Korea Electric Power Corporation (KEP) is profitable, generating $6.33T in net income for fiscal year 2024 (3.7% net margin).

Dividend & Returns

Yes, Korea Electric Power Corporation (KEP) pays a dividend with a yield of 100.00%. This makes it attractive for income-focused investors.

Korea Electric Power Corporation (KEP) has a return on equity (ROE) of 8.9%. This is below average, suggesting room for improvement.

Korea Electric Power Corporation (KEP) had negative free cash flow of $2.06T in fiscal year 2024, likely due to heavy capital investments.

Industry Metrics

Korea Electric Power Corporation (KEP) has a dividend payout ratio of 4%. This suggests the dividend is well-covered and sustainable.

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