Korea Electric Power Corp ADR (KEP) fair value: what the stock is really worth
We calculate from audited financials what Korea Electric Power Corp ADR is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily, free.
Compare price with fair valuebelow fair value = cheap, above = expensive
Check the quality50 and up solid, 75 and up strong
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Utilities · US · Market cap $15.5B · ISIN US5006311063
At a glance
KEKorea Electric Power Corp ADRKEP · US
Price$11.89
Fair Value$17.10
Upside+43.8%
Quality43/100
Below-average quality, trading 30% below our fair value of $17.10.
As of Sep 6, 2026, the fair value of Korea Electric Power Corp ADR is $17.10 per share against a price of $11.89, so the fair value sits 44% above the price. A model estimate from reported figures, not an analyst target.
✓Healthy Growth (revenue 5y +10.8 %/yr)
!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 only medium, so the estimate is less certain
!The models disagree: range $9.99 to $36.39
!Weak on future: 4 out of 100
Evidence: MediumRange $9.99 to $36.39
Fair value as of: Sep 6, 2026
From 24 valuation models · updated 5 days ago
Fair value updated Sep 6, 2026, revised from $17.02 to $17.10 (+0.5%) since Aug 13, 2026. Share price −3.3% over the past month.
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69 individual criteria per stock, every one traceable See the method →
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 ($9.99 to $36.39). The outcome hinges heavily on assumptions, so read the point estimate with caution.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 6, 2026.
How to read this chart
60‑month range $5.72 – $23.26 · fair‑value band $9.99 – $36.39 · the $11.89 price screens below the $17.10 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 3 fiscal years are left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 6, 2026.
Korea Electric Power Corp ADR (KEP) currently trades at $11.89, while our model-based Fair Value estimate is $17.10, implying the stock looks roughly 30.5% undervalued today. The Quality Score stands at 43/100 (below-average quality), in the Utilities sector. Bull case: the Growth Earnings group reads highest at a median of $35.61 per share, and 17 of the 24 models we run sit above the $11.89 price. Bear case: the Growth DCF group reads lowest at $1.78, and 7 of the 24 models stay below the price. Evidence for this calculation is medium.
Over the trailing twelve months, Korea Electric Power Corp ADR 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 Sep 6, 2026
Scenario range: $9.99 (bear) to $36.39 (bull), the price of $11.89 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target. The share trades about 49% below its 52-week high and 17% above its 52-week low, currently below its 200-day average. For context, the median of 10 Utilities peers we cover trades at −38% fair-value upside, at 44%, KEP screens cheaper than that median.
Fair Value models
Each model values the company its own way; the fair value above is the evidence-weighted blend. Evidence (0 to 100) shows how complete a model's inputs are. How we calculate →
ModelBear ⓘ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
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Key figures & financial health
P/E ratio2.6
P/S ratio0.23P/E × margin
EPS (TTM)$4.49price ÷ EPS = P/E 2.6
Dividend yield4.0%payout 10.6%
Net margin8.8%FY2025
Return on equity18.7%TTM
More key figures
Profitability
Return on assets (EBIT)−1.9%avg 5y
Operating margin15.6%TTM
Growth
Revenue (TTM)$97.6TTTM
Revenue growth (YoY)+0.7%3y avg +11.0%
EPS growth (YoY)+7.1%
Balance sheet & cash flow
Free cash flow$5.1TFY2025
Net debt$131TFY2025 · ≈ 25.4 yrs of FCF
Figures from reported company fundamentals · as of Sep 6, 2026. TTM = trailing twelve months.
Quality Score breakdown
Overall quality43/100
Of which business quality 40
· Market factors (momentum, volatility) 31
Profitability35
Margins and returns on capital today
Quality Growth68
Are margins and returns improving?
Cashflow53
Earnings quality: real cash, not paper profit
Fin. Strength8
Balance sheet, leverage, solvency risk
Investment61
Disciplined investing over empire-building
Low Volatility52
Calm price path (market factor)
Momentum25
Price trend over the last 3–12 months (market factor)
52W Momentum16
Distance to the 52-week high (market factor)
Net Issuance33
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.
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
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 Corp ADR 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. revenue 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. revenue 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. revenue 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%
Value creation/yr (5Y) ⓘEarnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
+20.2%
Earnings growth per share plus dividend yield: the value created per share and year.
Earnings growth per share+16.2%
Dividend yield4.0%
Trend ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.5Y 16.2% vs 10Y 1.8%, picking up
Operating margin (EBIT) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.7.1% (2020) → 14.1% (2025) · rising
Worst earnings drop1,551% (2012) (loss year, drop beyond 100%) · in USD
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 %
of which total revenue +5.2 % · buybacks/dilution −0.2 %
EBIT margin−3.7 %
Tax rate+0.4 %
Residual (interest, one-offs)−4.2 %
Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).
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.
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.
This stockSector peers
VALUE92· sector 3
FUTURE4· sector 32
PAST75· sector 39
HEALTH13· sector 53
DIVIDEND80· sector 64
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
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Is Korea Electric Power Corp ADR (KEP) overvalued or undervalued?
As of Sep 6, 2026, our model estimates a fair value of $17.10 versus a price of $11.89, about +44% upside (undervalued).
What is the fair value of KEP?
Our model-based fair value for Korea Electric Power Corp ADR is $17.10 (as of Sep 6, 2026), built from audited fundamentals. The current price: $11.89.
What is the quality score of KEP?
Korea Electric Power Corp ADR 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 price target for Korea Electric Power Corp ADR (KEP)?
Our model-based price target is the fair value of $17.10 (as of Sep 6, 2026) from 24 valuation models. Cautious scenario $9.99, optimistic scenario $36.39. It is a calculation from audited fundamentals, not an analyst target.
What is the Korea Electric Power Corp ADR stock forecast for 2026?
Our models put fair value at $17.10, about +44% upside versus a price of $11.89 (undervalued). Cautious scenario $9.99, optimistic scenario $36.39. The calculation is refreshed regularly with new filings.
What is the revenue of Korea Electric Power Corp ADR (KEP)?
Korea Electric Power Corp ADR reported trailing-twelve-month revenue of about $97.6T (latest available figure, as of Sep 6, 2026).
What is the net profit margin of KEP?
The net profit margin of Korea Electric Power Corp ADR 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 Corp ADR pay a dividend?
Korea Electric Power Corp ADR currently shows a dividend yield of about 4.02% relative to its recent price (as of Sep 6, 2026).
What is the intrinsic value of Korea Electric Power Corp ADR (KEP)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Korea Electric Power Corp ADR it is $17.10 per share (as of Sep 6, 2026), against a price of $11.89. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Korea Electric Power Corp ADR stock overvalued or undervalued in 2026?
As of Sep 6, 2026, KEP trades below its calculated fair value: price $11.89, fair value $17.10, a gap of about +44% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of KEP?
No. The price is what the market pays today ($11.89); the fair value is what the company's own numbers justify ($17.10). For Korea Electric Power Corp ADR the two are $5.21 per share apart. That gap is exactly why we show both numbers side by side.
How much is Korea Electric Power Corp ADR worth?
The market values Korea Electric Power Corp ADR at about $15.5B (market capitalisation, as of Sep 6, 2026). Per share that is $11.89; our models calculate a fair value of $17.10 per share.
What do the bullish and bearish scenarios say about KEP?
Our models span a range for Korea Electric Power Corp ADR: cautious scenario $9.99, base $17.10, optimistic $36.39 per share (as of Sep 6, 2026, price $11.89). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of KEP?
Korea Electric Power Corp ADR trades at a price-to-earnings ratio of 2.6 (as of Sep 6, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $17.10 is built from several models across several years. Other multiples: PEG 0.4.
What is the PEG ratio of KEP?
The PEG ratio of Korea Electric Power Corp ADR is 0.44 (P/E divided by earnings growth, as of Sep 6, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Korea Electric Power Corp ADR (KEP)?
Balance-sheet figures for Korea Electric Power Corp ADR (as of Sep 6, 2026): return on equity 18.7%, debt of 1.74 per unit of equity. They feed the Quality Score of 43/100, which measures business quality independently of the share price.
How far is KEP from its 52-week high?
Korea Electric Power Corp ADR trades at $11.89, about 49% below its 52-week high of $23.41 and 17% above the low of $10.19 (as of Sep 6, 2026). Distance from the high says nothing about value: that is what the fair value of $17.10 is for.
Which stocks are comparable to Korea Electric Power Corp ADR?
From the same area (Utilities) we also value NextEra Energy, Inc, The Southern Company, Duke Energy Corporation, National Grid plc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Korea Electric Power Corp ADR stock attractive at the current price?
The data as of Sep 6, 2026: price $11.89, calculated fair value $17.10 (+44%), Quality Score 43/100, from 24 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of KEP calculated?
We run Korea Electric Power Corp ADR through 24 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $17.10, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 32.6 % above its aggregate fair value. Korea Electric Power Corp ADR currently trades 44 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on <a href="/is-it-worth-investing-now/">is it worth investing now</a>.
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Korea Electric Power Corp ADR
KEP · US