KOREA ELECTRIC POWER CORPORATION Financials Korea Electric Power Corporation Deutsche Boerse AG
Equities
KOP
US5006311063
Electric Utilities
|
Delayed
Other stock markets
|
5-day change | 1st Jan Change | ||
| 6.25 EUR | +1.63% |
|
0.00% | -0.79% |
| 06-24 | Korea Electric Power to Maintain Electricity Rates in Q3 | MT |
| 06-21 | Asian Equities Traded in the US as American Depositary Receipts Decline in Friday Trading | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 17,846,601 | 17,589,816 | 14,187,406 | 13,994,817 | 12,133,121 | 12,357,808 | - | - |
| Enterprise Value (EV) 2 | 82,496 | 82,850 | 76,183 | 13,995 | 142,575 | 139,320 | 136,592 | 133,807 |
| P/E ratio | -7.61 x | 8.83 x | -2.67 x | -0.57 x | -2.52 x | 3.71 x | 2.91 x | 2.44 x |
| Yield | - | 4.44% | - | - | - | 4.2% | 9.55% | 9.86% |
| Capitalization / Revenue | 0.3 x | 0.3 x | 0.23 x | 0.2 x | 0.14 x | 0.13 x | 0.13 x | 0.13 x |
| EV / Revenue | 1.4 x | 1.41 x | 1.26 x | 0.2 x | 1.62 x | 1.5 x | 1.45 x | 1.38 x |
| EV / EBITDA | 8.37 x | 5.3 x | 12.5 x | -0.69 x | 16.8 x | 6.92 x | 6.22 x | 5.75 x |
| EV / FCF | -14.3 x | -1,138 x | -9.3 x | - | -11.5 x | 30.8 x | 51.7 x | 35 x |
| FCF Yield | -7.01% | -0.09% | -10.8% | - | -8.69% | 3.25% | 1.93% | 2.86% |
| Price to Book | 0.26 x | 0.25 x | 0.22 x | - | 0.34 x | 0.32 x | 0.29 x | 0.26 x |
| Nbr of stocks (in thousands) | 641,964 | 641,964 | 641,964 | 641,964 | 641,964 | 641,964 | - | - |
| Reference price 3 | 27,800 | 27,400 | 22,100 | 21,800 | 18,900 | 19,250 | 19,250 | 19,250 |
| Announcement Date | 2/28/20 | 2/19/21 | 2/24/22 | 2/24/23 | 2/23/24 | - | - | - |
1KRW in Million2KRW in Billions3KRW
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 59,093 | 58,569 | 60,575 | 71,258 | 88,205 | 92,949 | 94,469 | 96,938 |
| EBITDA 1 | 9,852 | 15,634 | 6,078 | -20,194 | 8,491 | 20,136 | 21,963 | 23,282 |
| EBIT 1 | -1,357 | 4,086 | -5,860 | -32,655 | -4,569 | 7,444 | 8,899 | 9,808 |
| Operating Margin | -2.3% | 6.98% | -9.67% | -45.83% | -5.18% | 8.01% | 9.42% | 10.12% |
| Earnings before Tax (EBT) 1 | -3,233 | 2,993 | -7,085 | -33,844 | -7,400 | 4,339 | 5,736 | 6,113 |
| Net income 1 | -2,306 | 1,993 | -5,315 | -24,467 | -4,762 | 3,302 | 4,945 | 5,179 |
| Net margin | -3.9% | 3.4% | -8.77% | -34.34% | -5.4% | 3.55% | 5.23% | 5.34% |
| EPS 2 | -3,654 | 3,102 | -8,279 | -38,112 | -7,512 | 5,193 | 6,626 | 7,895 |
| Free Cash Flow 3 | -5,786,931 | -72,821 | -8,195,348 | - | -12,386,211 | 4,521,700 | 2,642,500 | 3,822,600 |
| FCF margin | -9,792.96% | -124.33% | -13,529.3% | - | -14,042.51% | 4,864.69% | 2,797.21% | 3,943.36% |
| FCF Conversion (EBITDA) | - | - | - | - | - | 22,456.19% | 12,031.46% | 16,418.79% |
| FCF Conversion (Net income) | - | - | - | - | - | 136,940.41% | 53,441.92% | 73,811.57% |
| Dividend per Share 2 | - | 1,216 | - | - | - | 809.2 | 1,838 | 1,898 |
| Announcement Date | 2/28/20 | 2/19/21 | 2/24/22 | 2/24/23 | 2/23/24 | - | - | - |
1KRW in Billions2KRW3KRW in Million
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 S1 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 15,518 | 16,464 | 15,528 | - | 19,773 | 19,493 | 21,594 | 19,622 | 24,470 | 22,519 | 23,293 | 20,826 | 25,269 | 22,974 | 26,455 | 24,873 |
| EBITDA 1 | -1,739 | -4,664 | -3,394 | - | -4,368 | -7,768 | - | 977.5 | 5,672 | 5,100 | 4,852 | 4,003 | 7,138 | 4,700 | 6,142 | 5,560 |
| EBIT 1 | -4,730 | -7,787 | -6,516 | -14,303 | -7,531 | -10,821 | -6,178 | -2,272 | 1,997 | 1,884 | 1,299 | 1,146 | 3,523 | 1,743 | 2,820 | 2,199 |
| Operating Margin | -30.48% | -47.3% | -41.97% | - | -38.09% | -55.51% | -28.61% | -11.58% | 8.16% | 8.37% | 5.58% | 5.5% | 13.94% | 7.58% | 10.66% | 8.84% |
| Earnings before Tax (EBT) 1 | -5,092 | -8,105 | -6,812 | - | -8,123 | -10,803 | -6,855 | -2,955 | 1,247 | 1,163 | 737.8 | 360.5 | 2,543 | 937.2 | - | - |
| Net income 1 | -3,660 | -5,953 | -4,837 | - | -5,905 | -7,771 | -4,947 | -1,903 | 793.9 | 1,294 | 561.5 | 187.7 | 2,184 | 743.5 | - | - |
| Net margin | -23.58% | -36.16% | -31.15% | - | -29.87% | -39.87% | -22.91% | -9.7% | 3.24% | 5.75% | 2.41% | 0.9% | 8.64% | 3.24% | - | - |
| EPS 2 | -5,700 | -9,273 | -7,535 | - | -9,199 | -12,105 | -7,705 | -2,964 | 1,237 | 1,921 | 875.0 | 154.7 | 2,736 | 503.0 | 581.0 | 88.00 |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,670 | - | - |
| Announcement Date | 2/24/22 | 5/13/22 | 8/12/22 | 8/12/22 | 11/11/22 | 2/24/23 | 5/12/23 | 8/11/23 | 11/13/23 | 2/23/24 | 5/10/24 | - | - | - | - | - |
1KRW in Billions2KRW
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 64,650 | 65,260 | 61,996 | - | 130,442 | 126,962 | 124,234 | 121,450 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 6.562 x | 4.174 x | 10.2 x | - | 15.36 x | 6.305 x | 5.656 x | 5.216 x |
| Free Cash Flow 2 | -5,786,931 | -72,821 | -8,195,348 | - | -12,386,211 | 4,521,700 | 2,642,500 | 3,822,600 |
| ROE (net income / shareholders' equity) | -3.36% | 3% | -7.69% | -45.5% | -12.6% | 9.08% | 10.6% | 11% |
| ROA (Net income/ Total Assets) | -1.2% | 1.05% | -2.57% | - | -2.03% | 1.86% | 2.28% | 2.9% |
| Assets 1 | 191,423 | 190,691 | 207,126 | - | 234,258 | 177,600 | 216,955 | 178,581 |
| Book Value Per Share 3 | 105,140 | 107,945 | 99,334 | - | 55,837 | 60,909 | 67,544 | 75,199 |
| Cash Flow per Share 3 | 21,038 | 28,676 | 22,538 | - | 24,669 | 32,827 | 31,893 | 35,512 |
| Capex 1 | 14,000 | 13,281 | 12,669 | - | 13,908 | 14,591 | 15,626 | 15,289 |
| Capex / Sales | 23.69% | 22.68% | 20.91% | - | 15.77% | 15.7% | 16.54% | 15.77% |
| Announcement Date | 2/28/20 | 2/19/21 | 2/24/22 | 2/24/23 | 2/23/24 | - | - | - |
1KRW in Billions2KRW in Million3KRW
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
Sell
Buy
Mean consensus
BUY
Number of Analysts
16
Last Close Price
19,250
KRW
Average target price
27,225
KRW
Spread / Average Target
+41.43%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +10.60% | 84.8B | |
| +3.29% | 82.31B | |
| +2.85% | 77.03B | |
| -1.40% | 71.81B | |
| +76.36% | 64.99B | |
| +7.88% | 46.19B | |
| 0.00% | 46.54B | |
| +3.28% | 40.69B | |
| +41.19% | 36.86B |
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