Financials Korea Electric Power Corporation

Equities

A015760

KR7015760002

Electric Utilities

End-of-day quote Korea S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
21,050 KRW +0.72% Intraday chart for Korea Electric Power Corporation +4.47% +11.38%

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 13,513,344 - -
Enterprise Value (EV) 2 82,496 82,850 76,183 13,995 12,133 138,224 135,452 130,576
P/E ratio -7.61 x 8.83 x -2.67 x -0.57 x - 3.07 x 2.93 x 2.6 x
Yield - 4.44% - - - 6.38% 9.18% 12.1%
Capitalization / Revenue 0.3 x 0.3 x 0.23 x 0.2 x 0.14 x 0.15 x 0.14 x 0.15 x
EV / Revenue 1.4 x 1.41 x 1.26 x 0.2 x 0.14 x 1.49 x 1.44 x 1.41 x
EV / EBITDA 8.37 x 5.3 x 12.5 x -0.69 x - 6.25 x 6.09 x 5.67 x
EV / FCF -14.3 x -1,138 x -9.3 x - - 186 x 110 x 56.9 x
FCF Yield -7.01% -0.09% -10.8% - - 0.54% 0.91% 1.76%
Price to Book 0.26 x 0.25 x 0.22 x - - 0.34 x 0.31 x 0.28 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 21,050 21,050 21,050
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 92,506 94,033 92,616
EBITDA 1 9,852 15,634 6,078 -20,194 - 22,127 22,253 23,041
EBIT 1 -1,357 4,086 -5,860 -32,655 -4,569 9,077 9,019 9,311
Operating Margin -2.3% 6.98% -9.67% -45.83% -5.18% 9.81% 9.59% 10.05%
Earnings before Tax (EBT) 1 -3,233 2,993 -7,085 -33,844 -7,400 5,458 5,754 6,440
Net income 1 -2,306 1,993 -5,315 -24,467 -4,762 4,115 4,360 4,589
Net margin -3.9% 3.4% -8.77% -34.34% -5.4% 4.45% 4.64% 4.95%
EPS 2 -3,654 3,102 -8,279 -38,112 - 6,864 7,196 8,090
Free Cash Flow 3 -5,786,931 -72,821 -8,195,348 - - 744,675 1,236,986 2,295,000
FCF margin -9,792.96% -124.33% -13,529.3% - - 805% 1,315.48% 2,477.99%
FCF Conversion (EBITDA) - - - - - 3,365.43% 5,558.65% 9,960.62%
FCF Conversion (Net income) - - - - - 18,094.4% 28,368.09% 50,012.17%
Dividend per Share 2 - 1,216 - - - 1,344 1,933 2,554
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 Q3 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
Net sales 1 16,462 15,518 16,464 15,528 - 19,773 19,493 21,594 19,622 24,470 22,519 23,245 20,828 25,069 22,892 -
EBITDA 1 2,082 -1,739 -4,664 -3,394 - -4,368 -7,768 - 977.5 5,672 - 4,998 5,150 7,702 4,999 -
EBIT 1 -936.7 -4,730 -7,787 -6,516 -14,303 -7,531 -10,821 -6,178 -2,272 1,997 1,884 2,241 1,395 4,063 1,981 -
Operating Margin -5.69% -30.48% -47.3% -41.97% - -38.09% -55.51% -28.61% -11.58% 8.16% 8.37% 9.64% 6.7% 16.21% 8.65% -
Earnings before Tax (EBT) 1 -1,332 -5,092 -8,105 -6,812 - -8,123 -10,803 -6,855 -2,955 1,247 1,163 1,314 627.5 3,065 905.1 -
Net income 1 -1,045 -3,660 -5,953 -4,837 - -5,905 -7,771 -4,947 -1,903 793.9 1,294 764.3 765.4 2,259 846.7 -
Net margin -6.35% -23.58% -36.16% -31.15% - -29.87% -39.87% -22.91% -9.7% 3.24% 5.75% 3.29% 3.67% 9.01% 3.7% -
EPS 2 -1,628 -5,700 -9,273 -7,535 - -9,199 -12,105 -7,705 -2,964 1,237 - 1,026 21.68 2,828 1,148 1,373
Dividend per Share 2 - - - - - - - - - - - - - - 2,230 -
Announcement Date 11/12/21 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 - - - - -
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 - - 124,711 121,939 117,062
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 6.562 x 4.174 x 10.2 x - - 5.636 x 5.48 x 5.081 x
Free Cash Flow 2 -5,786,931 -72,821 -8,195,348 - - 744,675 1,236,986 2,295,000
ROE (net income / shareholders' equity) -3.36% 3% -7.69% -45.5% - 11.1% 10.4% 10.1%
ROA (Net income/ Total Assets) -1.2% 1.05% -2.57% - - 1.73% 2.01% 1.8%
Assets 1 191,423 190,691 207,126 - - 238,563 217,128 254,938
Book Value Per Share 3 105,140 107,945 99,334 - - 62,694 68,193 74,994
Cash Flow per Share 3 21,038 28,676 22,538 - - 31,833 30,719 36,840
Capex 1 14,000 13,281 12,669 - - 14,776 16,017 15,134
Capex / Sales 23.69% 22.68% 20.91% - - 15.97% 17.03% 16.34%
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
B-
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
16
Last Close Price
21,050 KRW
Average target price
28,487 KRW
Spread / Average Target
+35.33%
Consensus
  1. Stock Market
  2. Equities
  3. A015760 Stock
  4. Financials Korea Electric Power Corporation