EN DE

Korea Electric Power Corporation (KEP) Fair Value & Analysis

Utilities · US · Market cap $16.7B

KE Korea Electric Power Corporation logo Korea Electric Power Corporation KEP · US
Price$11.51
Fair Value$17.02
Upside+47.9%
Quality43/100
Watch Korea Electric Power Corporation for free, get notified when fair value or trend changes. Watch for free
Healthy Growth
Thin margins · 8.9% net margin
High debt · generates free cash flow
4.02% dividend yield
Mixed vs. peers (7/12)
Moderate moat 53/100
Evidence: High Range $9.94 – $36.23 Share as image

Fair value as of: Aug 13, 2026

From 24 valuation models · updated today

Fair value updated Aug 13, 2026, revised from $19.87 to $17.02 (−14.4%) since Jul 19, 2026. Share price −0.3% over the past month.

Below-average quality, screening 48% undervalued on our models.

What matters now

  • The large discount to fair value meets weak quality (43/100). That raises the risk this is a value trap rather than a bargain.
  • The model range is unusually wide ($9.94 to $36.23). The outcome hinges heavily on assumptions, so read the point estimate with caution.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (5 years)

$23.26 $5.72 Fair Value $17.02 May 2021 Aug 2026

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 $5.72 – $23.26 · fair‑value band $9.94 – $36.23 · the $11.51 price screens below the $17.02 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

Korea Electric Power Corporation (KEP) currently trades at $11.51, while our model-based Fair Value estimate is $17.02, implying the stock looks roughly 47.9% undervalued today. The Quality Score stands at 43/100 (below-average quality), in the Utilities sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Korea Electric Power Corporation generated revenue of $97.6T at a net margin of 8.9%. Revenue grew 0.7% year over year. It earns a return on equity of 18.7%. Net debt stands at $131T. Fundamentals as of Aug 13, 2026

Our scenario range runs from $9.94 (bear case) to $36.23 (bull case); at $11.51, the current price sits within 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 51% below its 52-week high and 13% above its 52-week low, currently below its 200-day average. For context, the median of 10 Utilities peers we cover trades at -27% fair-value upside, at 48%, KEP screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted 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.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF $1.77 $12.41 80
Rev-Margin DCF $3.97 $21.42 $41.41 74
ROIC Compounder $5.04 $9.34 $14.11 72
All 24 models by family
DCF Models
FCF DCF $2.50 $15.34 38
Owner Earnings $8.65 $24.87 31
5Y Revenue Exit $3.97 $21.72 $44.70 39
5Y EBITDA Exit $14.95 $42.33 $74.61 41
5Y P/E Exit $1.46 $17.02 $33.43 38
10Y Revenue Exit $14.70 $35.87 36
10Y EBITDA Exit $7.27 $29.02 $58.76 37
10Y P/E Exit $11.42 $27.25 35
Earnings-Based
Graham-Dodd $14.79 $46.57 $62.01 54
Lynch FV $10.20 $14.57 $18.94 50
PEG = 1.0 $10.20 $14.57 $18.94 46
EPV $5.04 $9.34 $13.10 59
Multiples
P/E Multiple $29.36 $39.15 $48.93 63
P/S Multiple $27.73 $36.97 $46.21 58
P/B Multiple $16.55 $22.07 $27.58 55
EV/EBIT $18.08 $31.03 $43.98 53
EV/EBITDA $31.80 $49.33 $66.85 54
EV/Revenue $10.65 $24.12 $37.59 43
Asset-Based
NCAV (Graham) $6.13 $8.21 $12.26 50
Growth DCF
Growth DCF $1.77 $12.41 80
Rev-Margin DCF $3.97 $21.42 $41.41 74
Economic Profit
Residual Income $14.24 $18.73 $62.22 61
ROIC Compounder $5.04 $9.34 $14.11 72
Growth Earnings
Growth-Adj P/E $24.81 $35.45 $46.08 68

Widest divergence: Growth Earnings ($35.45) versus Growth DCF ($1.77). Highest evidence: Growth DCF (80).

Notify me when KEP reaches fair value

Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click.

Key figures & financial health

Revenue (TTM) $97.6T
Revenue growth (YoY) +0.7%
Net margin 8.9%
Return on equity 18.7%
Free cash flow $5.1T FY2025
P/E ratio 2.6
More key figures
Operating margin 15.6%
EPS (TTM) $4.49
Dividend yield 4.0%
EPS growth (YoY) +7.1%
Net debt $131T FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 43/100

Of which business quality 40 · Market factors (momentum, volatility) 25

Profitability 35
Margins and returns on capital today
Quality Growth 68
Are margins and returns improving?
Cashflow 53
Earnings quality: real cash, not paper profit
Fin. Strength 8
Balance sheet, leverage, solvency risk
Investment 61
Disciplined investing over empire-building
Low Volatility 53
Calm price path (market factor)
Momentum 14
Price trend over the last 3–12 months (market factor)
52W Momentum 12
Distance to the 52-week high (market factor)
Net Issuance 33
Buybacks instead of dilution

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.

About the company

Korea Electric Power Corporation, together with its subsidiaries, engages in the generation, transmission, and distribution of electricity in South Korea and internationally. The company operates through five segments: Electricity Sales, Nuclear Power Generation, Thermal Power Generation, Power Support, and Other.

Full company description

Korea Electric Power Corporation, together with its subsidiaries, engages in the generation, transmission, and distribution of electricity in South Korea and internationally. The company operates through five segments: Electricity Sales, Nuclear Power Generation, Thermal Power Generation, Power Support, and Other. It builds and operates overhead and underground transmission power grids; offers digital substations, grid stabilization equipment, and predictive diagnostic system; high voltage direct current transmission; distribution network construction, distributed energy, and smart distribution network; power outage prevention, insulated sticks, and scheduled power shutdowns; and smart metering service. The company also engages in electricity sale and demand management; electric vehicle charging; microgrid; urban energy planning platform; solar power generation projects; and clean hydrogen businesses, as well as research and development. In addition, it is involved in thermal, nuclear, wind, solar, and hydro power generation; power grid consulting/EPC projects; HVDC submarine transmission; power plant engineering and maintenance; nuclear fuel design and manufacturing; power IT services; investment activities; coal ash industrial materials resource manufacturing; facility management and service; wood pellet utilization; and securitization. The company was formerly known as Korea Electric Company and changed its name to Korea Electric Power Corporation in January 1982. Korea Electric Power Corporation was founded in 1961 and is headquartered in Naju-si, South Korea.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Korea Electric Power Corporation reported revenue of $96.6T in FY2025 versus $60.0T in FY2021, a compound +12.6%/yr. Reported net income was $8.5T in FY2025.

Growth Quality 83/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
$96.6T
Latest YoY
+3.4%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+11.0%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+10.8%
Avg. growth/yr (27Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+7.5%
Revenue +12.6%/yr
FY21 $60.0T
FY22 $70.5T
FY23 $87.5T
FY24 $93.4T
FY25 $96.6T
Net income
FY21 −$5.3T
FY22 −$24.5T
FY23 −$4.8T
FY24 $3.5T
FY25 $8.5T
Character of growth · EPS growth decomposed (2014-2025) −2.7 % p.a.
Revenue per share +5.0 pp

of which total revenue +5.2 pp · buybacks/dilution −0.2 pp

EBIT margin −3.7 pp
Tax rate +0.4 pp
Residual (interest, one-offs) −4.4 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

Watch KEP: get an alert when its fair value changes →

Share or link this analysis
For bloggers & editors: embed code + live data

For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.

Cite: Fair Value Calculator (2026). "Korea Electric Power Corporation Fair Value". https://www.fairvalue-calculator.com/stock/KEP

Peer Group

Utilities - Regulated Electric · 150 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.

Quality Score 43 · Below median
Fair Value upside +48% · Top 25%
Return on equity (TTM) 19% · Top 25%
Return on assets 3% · Above median
Net margin (TTM) 9% · Below median
Operating margin (TTM) 16% · Below median
Revenue growth 1% · Below median
Dividend yield (TTM) 4.0% · Top 25%
Debt / equity 1.74× · Higher than 75% of peers

Valuation Multiples vs Utilities - Regulated Electric median · lower = cheaper

P/E (TTM) 2.6× · Cheaper than 75% of peers
P/FCF 0.0× · Cheaper than 75% of peers
PEG 0.44× · Cheaper than 75% of peers

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 97 · sector 2
FUTURE 4 · sector 32
PAST 75 · sector 39
HEALTH 13 · sector 53
DIVIDEND 80 · sector 57

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Utilities - Regulated Electric stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
NextEra Energy, Inc NEE $85.78 $32.94 -62%
The Southern Company SO $92.52 $58.81 -36%
Duke Energy Corporation DUK $123.19 $74.89 -39%
National Grid plc NGG 61,175 ARS 44,886 ARS -27%
NTPC Limited NTPC ₹339.45 ₹375.02 +10%
CEZ, a. s. CEZ 244.80 PLN 167.29 PLN -32%
Power Grid Corporation POWERGRID ₹269.45 ₹252.77 -6%
China National Nuclear Power Co 601985 ¥8.81 ¥6.73 -24%
CLP Holdings 0002 HK$77.90 HK$42.12 -46%
Tenaga Nasional Berhad 5347 14.58 MYR 14.72 MYR +1%

Compare Korea Electric Power Corporation with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Utilities stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued High-Quality StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Frequently asked questions

Is Korea Electric Power Corporation (KEP) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of $17.02 versus a price of $11.51, about +48% (undervalued).
What is the fair value of KEP?
Our model-based fair value for Korea Electric Power Corporation is $17.02 (as of Aug 13, 2026), built from audited fundamentals. The current price is $11.51.
What is the quality score of KEP?
Korea Electric Power Corporation has a Quality Score of 43/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Korea Electric Power Corporation (KEP)?
Korea Electric Power Corporation reported trailing-twelve-month revenue of about $97.6T (latest available figure, as of Aug 13, 2026).
What is the net profit margin of KEP?
The net profit margin of Korea Electric Power Corporation is about 8.9%, meaning it keeps roughly 8.9% of revenue as net income. Based on the latest reported figures.
Does Korea Electric Power Corporation pay a dividend?
Korea Electric Power Corporation currently shows a dividend yield of about 4.02% relative to its recent price (as of Aug 13, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

14 days Pro free · no card

Track Korea Electric Power Corporation and try Pro for 14 days

One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.

Zero risk: nothing is ever charged. After 14 days you decide whether to stay.