KEPCO Engineering & Construction (052690) Fair Value & Analysis
Industrials · KR · Market cap 3.5T KRW (≈ $2.5B) · ISIN KR7052690005
What is KEPCO Engineering & Construction really worth?
Structural break: The valuation model sees a lasting decline in earnings power for this stock, the confidence band is broken. Treat the target with caution.
A solid business, but trading 456% above our fair value of 19,346 KRW.
Strengths
Risks
For context
Fair value as of: Aug 13, 2026
From 24 valuation models · updated 22 days ago
Fair value updated Aug 13, 2026, revised from 20,172 KRW to 19,346 KRW (−4.1%) since Jul 17, 2026. Share price +18.6% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The price sits above even our optimistic bull case (34,090 KRW). The favourable scenario is already priced in.
- The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
- Solid but not exceptional quality (61/100) and above fair value, neither a clear bargain nor a standout compounder.
- A fairly wide model range (15,787 KRW to 34,090 KRW) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.
How to read this chart
60‑month range 26,732 KRW – 194,800 KRW · fair‑value band 15,787 KRW – 34,090 KRW · the 107,600 KRW price screens above the 19,346 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.
Analysis
KEPCO Engineering & Construction (052690) currently trades at 107,600 KRW, while our model-based Fair Value estimate is 19,346 KRW, implying the stock looks roughly 456.2% overvalued today. The Quality Score stands at 61/100 (solid quality), in the Industrials sector. Bull case: the Growth Earnings group reads highest at a median of 35,652 KRW per share, and 0 of the 24 models we run sit above the 107,600 KRW price. Bear case: the Growth DCF group reads lowest at 9,236 KRW, and 24 of the 24 models stay below the price. Evidence for this calculation is low.
Over the trailing twelve months, KEPCO Engineering & Construction generated revenue of 454B KRW at a net margin of 4.9%. Revenue grew 13.3% year over year. It earns a return on equity of 4.7%. Net debt stands at 20.7B KRW. Fundamentals as of Aug 13, 2026
Our scenario range runs from 15,787 KRW (bear case) to 34,090 KRW (bull case); at 107,600 KRW, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 46% below its 52-week high and 58% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at −46% fair-value upside, at −82%, 052690 screens richer than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.
All 24 models by family
Widest divergence: Growth Earnings (35,652 KRW) versus Growth DCF (9,236 KRW). Highest evidence: FCF DCF (80).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 60 · Market factors (momentum, volatility) 25
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
KEPCO Engineering & Construction Company, Inc. engages in designing, engineering, procurement, and construction of power plants in South Korea and internationally. It offers architect engineering and nuclear steam supply system designing services.
Full company description
KEPCO Engineering & Construction Company, Inc. engages in designing, engineering, procurement, and construction of power plants in South Korea and internationally. It offers architect engineering and nuclear steam supply system designing services. The company also engages in engineering, procurement, construction, and test run of nuclear power plants; provision of technological support service to enhance the performance and upgrade the power of nuclear power plants that are being operated; fuel conversion of power plants in operation, performance improvement, and lifetime extension; and construction of thermal power plants. In addition, it is involved in the design of combined heat and power plants, and cycle power plants; renewable energy business; transmission and distribution/substation business; greenhouse gas mitigation; and engineering and construction of fuel gas desulfurization systems, DeNOx systems, water and wastewater treatment facilities, wastewater recycling facilities, and desalinization facilities. The company was formerly known as Korea Power Engineering Company, Inc. and changed its name to KEPCO Engineering & Construction Company, Inc. in July 2010. KEPCO Engineering & Construction Company, Inc. was founded in 1975 and is headquartered in Gimcheon-si, South Korea. KEPCO Engineering & Construction Company, Inc. operates as a subsidiary of Korea Electric Power Corporation.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
KEPCO Engineering & Construction reported revenue of 519B KRW in FY2025 versus 433B KRW in FY2021, a compound +4.6%/yr. Reported net income was 85.4B KRW in FY2025, compounding +50.9%/yr from FY2021.
052690 screens 456% overvalued. Compare with Quanta Services, Inc →
Peer Group
Engineering & Construction · 816 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Engineering & Construction median · lower = cheaper
Strength profile in five axes (Snowflake)
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
VALUE 0: the price sits above our fair-value range.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Engineering & Construction stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Quanta Services, Inc PWR | $620.06 | $143.92 | −77% |
| Vinci SA DG | €114.35 | €185.62 | +62% |
| Comfort Systems USA, Inc FIX | $1,615 | $519.97 | −68% |
| Larsen & Toubro Limited LT | ₹4,072 | ₹2,196 | −46% |
| Ferrovial N.V FER | €57.28 | €19.17 | −67% |
| HOCHTIEF Aktiengesellschaft HOT | €426.40 | €203.87 | −52% |
| Samsung C&T Corporation 028260 | 373,000 KRW | 261,411 KRW | −30% |
| EMCOR Group EME | $775.04 | $549.47 | −29% |
| MasTec, Inc MTZ | $241.00 | $100.00 | −59% |
| Bouygues SA EN | €46.65 | €65.67 | +41% |
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