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Updated: Sep 6, 2026
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Korea Electric Power

NYSE:KEP·Stock Analysis Report
Day Range
$12.18 - $12.33
Market Cap
15.30B
P/E Ratio
2.6988
Avg Value
$17.28
Year Range
$11.16 - $23.41
$12.21$0.32 (2.69%)
1
General Information
Korea Electric Power Corp is an electric utility company in which the government of South Korea holds a controlling stake.

The firm operates in the following segments: Transmission and distribution, Electric power generation (Nuclear), Electric power generation (Non-Nuclear), Plant maintenance & engineering service, and Others. The majority of the energy produced by the company comes from its nuclear and coal-fired assets. Korea Electric Power generates revenue through the Transmission and distribution segment. Geographically, it derives maximum revenue from Domestic operations.

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Korea Electric Power (KEP) Stock Graph
3
How We Grade Korea Electric Power (KEP)

We grade stocks based on past performance, their future growth potential, intrinsic value, dividend history, and overall financial health.

The chart below shows how we grade Korea Electric Power (KEP) across the board compared to its closest peers.

4
Benzinga Edge Rankings

Benzinga Edge stock rankings give you four critical scores to help you identify the strongest and weakest stocks to buy and sell.

40.33

Growth measures a stock's combined historical expansion in earnings and revenue across multiple time periods, with emphasis on both long-term trends and recent performance.

99.91

Value is a percentile-ranked composite metric that evaluates a stock's relative worth by comparing its market price to fundamental measures of the company's assets, earnings, sales, and operating performance.

Momentum measures a stock's relative strength based on its price movement patterns and volatility over multiple timeframes, ranked as a percentile against other stocks.

Stock Score Locked: Want to See it?
Benzinga Rankings give you vital metrics on any stock – anytime.
5
Peer Ratings

See how Korea Electric Power compares to its peers in these key performance metrics from Benzinga Rankings.

Top Peers
Value
Quality
Growth
Momentum
Short
Medium
Long
EMAEmera
76.65
N/A
52.58
32.39
LNTAlliant Energy
66.34
13.37
53.98
29.35
EVRGEvergy
70.36
51.17
59.33
44
PNWPinnacle West Capital
75.75
13.75
70.79
N/A
Short: price trend over the last couple of months
Medium: price trend over the last couple of quarters
Long: price trend over the past year
Stock Score Locked: Want to See it?
Benzinga Rankings give you vital metrics on any stock – anytime.
6
Past Performance
How has Korea Electric Power (KEP) performed over the past 5 years?

The two main factors that we consider when analyzing past performance is overall return and volatility

Using these two metrics, we can determine if this stock gave its investors enough return for the risk that they took on by owning it. This is measured by the sharpe ratio, which has been used as a primary measure of risk/reward trade-off for almost 60 years.

This ratio can be interpreted as the amount of return an investor has received for the amount of risk that they took on by owning the stock over that timeframe.

Korea Electric Power (KEP) sharpe ratio over the past 5 years is 0.1835 which is considered to be below average compared to the peer average of 0.4278

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Company Financials
INCOME STATEMENT
The income statement also known as the profit and loss statement, primarily focuses on the company's revenues and expenses during a particular period.

The main purpose of an income statement is to convey details of profitability and business activities. Below, is KEP's income statement for the previous four years along with its trailing-twelve- month profit & loss.

FISCAL YEAR (BIL.)
2022 ($)
2023 ($)
2024 ($)
2025 ($)
TTM ($)
Total Revenue
75,675.98
89,175.13
93,509.51
96,742.09
96,710.95
Operating Revenue
75,675.98
89,175.13
93,509.51
96,742.09
96,710.95
Cost Of Revenue
104,380.75
83,922.72
80,417.92
80,846.14
Gross Profit
-28,704.77
5,252.41
13,091.59
15,895.95
Operating Expense
2,310.86
2,174.70
2,347.27
2,290.51
Selling General And Administration
2,326.08
2,312.23
2,359.06
2,501.71
Research and Development
Operating Income
-31,015.63
3,077.71
10,744.32
13,605.44
12,618.58
Net Non-Operating Interest Income Expense
-2,943.71
-4,112.27
-4,178.76
-3,839.18
Other Income Expense
1,366.19
1,073.22
1,185.06
1,983.83
Other Non-Operating Income Expenses
334.09
260.62
427.32
364.76
Pre-Tax Income
-32,593.15
38.65
7,750.62
11,750.09
10,510.91
Tax Provision
-9,178.74
-752.37
2,362.88
2,926.13
Net Income
-23,460.50
685.42
5,258.48
8,709.42
7,839.71
Net Income Common Stockholders
-23,460.50
685.42
5,258.48
8,709.42
7,839.71
Total Operating Income As Reported
-30,631.17
3,231.89
10,915.52
14,042.01
13,035.14
Total Expenses
106,691.61
86,097.42
82,765.19
83,136.65
Net Income From Continuing And Discontinued Operation
-23,460.50
685.42
5,258.48
8,709.42
7,839.71
Normalized Income
-23,291.40
502.52
5,251.75
8,059.44
7,388.71
Interest Income
382.43
445.12
461.07
425.35
Interest Expense
3,302.71
4,555.31
4,630.49
4,252.16
Net Interest Income
-2,943.71
-4,112.27
-4,178.76
-3,839.18
EBIT
-29,290.44
4,593.97
12,381.11
16,002.25
14,371.94
EBITDA
-16,702.66
17,929.64
26,359.12
29,627.87
24,537.14
Reconciled Cost Of Revenue
92,139.64
70,916.34
66,764.92
67,547.38
Reconciled Depreciation
12,587.78
13,335.68
13,978.02
13,625.62
Normalized EBITDA
-16,467.67
17,699.38
26,262.72
28,787.42
23,978.36
Tax Rate For Calcs
0.00
0.00
0.00
0.00
0.40
Tax Effect Of Unusual Items
-65.89
47.37
89.67
190.47
107.79
BALANCE SHEET
The balance sheet is a snapshot of a companies financials during a particular period in time.

It breaks down what company owns (assets) and what a company owes (liabilities), in order to give investors an overview of its capital structure.

FISCAL YEAR (BIL.)
2022 ($)
2023 ($)
2024 ($)
2025 ($)
TTM ($)
Total Assets
234,915.03
238,969.67
249,913.10
257,787.98
Current Assets
26,526.35
26,422.88
30,029.89
30,628.39
Total Non-Current Assets
208,388.68
212,546.79
219,883.21
227,159.59
Total Liabilities Net Minority Interest
197,947.31
200,855.46
206,801.98
206,377.91
Current Liabilities
43,403.46
63,579.87
63,424.57
71,384.12
Other Non-Current Liabilities
104,640.27
77.11
38.08
80,025.64
Total Equity Gross Minority Interest
36,967.71
38,114.21
43,111.12
51,410.07
Stockholders Equity
Total Capitalization
35,519.35
124,972.11
131,685.69
50,260.12
Common Stock Equity
35,519.35
36,702.41
41,956.59
50,260.12
Net Tangible Assets
35,004.40
36,141.21
41,412.19
49,790.91
Working Capital
-16,877.12
-37,156.99
-33,394.68
-40,755.73
Invested Capital
35,519.35
167,135.30
175,191.54
50,260.12
Tangible Book Value
35,004.40
36,141.21
41,412.19
49,790.91
Total Debt
4,106.13
134,208.89
134,405.87
3,167.12
Net Debt
127,482.54
130,791.97
Share Issued
0.64
0.64
0.64
0.64
Ordinary Shares Number
0.64
0.64
0.64
0.64
CASH FLOW STATEMENTS
A companies statement of cash flows gives an investor a break down of the cash inflows and outflows from a companies operations and investment activities.
FISCAL YEAR (BIL.)
2022 ($)
2023 ($)
2024 ($)
2025 ($)
TTM ($)
Cash Flow from Continuing Operating Activities
-23,424.99
11,204.67
16,396.69
21,434.08
Net Income from Continuing Operations
-23,414.42
791.02
5,387.74
8,823.95
Depreciation and Amortization
12,587.78
13,335.68
13,978.02
13,625.62
Deferred Tax
-9,178.74
-752.37
2,362.88
2,926.13
Deferred Income Tax
-9,178.74
-752.37
2,362.88
2,926.13
Stock-Based Compensation
Other Non-Cash Items
2,862.59
3,927.87
3,696.99
2,957.08
Change in Working Capital
-2,743.69
-2,043.50
-4,327.75
-637.20
Change in Receivables
-962.27
-1,189.41
-384.33
254.76
Changes in Account Receivables
-1,772.70
-1,168.27
-302.98
-286.16
Change in Inventory
-2,725.63
141.91
-1,662.90
-1,572.33
Change in Payables and Accrued Expense
73.58
-2,541.68
-1,663.93
-603.59
Change in Payable
174.72
-2,014.91
-1,337.74
-109.88
Change in Account Payable
1,069.24
-2,533.04
-779.63
343.31
Change in Other Current Assets
-397.56
-182.50
-1,057.47
-948.12
Change in Other Current Liabilities
929.53
1,519.26
858.18
565.69
Change in Other Working Capital
338.66
208.92
-417.31
1,666.39
Cash Flow from Continuing Investing Activities
-12,427.35
-14,929.77
-17,523.02
-16,487.82
Net PPE Purchase and Sale
-12,477.85
-13,830.28
-13,938.77
-15,767.54
Net Business Purchase and Sale
-569.02
-125.26
-2,209.56
-281.78
Purchase of Business
-623.68
-329.59
-2,258.55
-292.28
Net Investment Purchase and Sale
1,248.95
-842.11
-1,337.20
79.37
Purchase of Investment
-14,818.77
-4,065.85
-4,938.26
-2,779.89
Sale of Investment
16,067.73
3,223.74
3,601.07
2,859.25
Net Other Investing Changes
-531.15
-64.90
51.54
-403.12
Financing Cash Flow
35,507.83
3,572.63
542.86
-5,451.91
Cash Flow from Continuing Financing Activities
35,507.83
3,572.63
542.86
-5,451.91
Net Issuance Payments of Debt
35,028.15
2,916.66
-20,232.86
-5,591.16
Net Long-Term Debt Issuance
34,817.72
2,231.74
-22,655.08
-6,280.81
Long-Term Debt Issuance
45,276.38
14,948.03
8,506.51
20,910.74
Long-Term Debt Payments
-10,458.66
-12,716.29
-31,161.59
-27,191.54
Net Short-Term Debt Issuance
210.43
684.92
2,422.22
689.65
Net Common Stock Issuance
Common Stock Issuance
Common Stock Payments
Cash Dividends Paid
-44.90
Net Other Financing Charges
522.03
701.29
20,902.62
356.03
End Cash Position
15,294.46
14,638.60
11,147.20
8,456.13
Changes in Cash
-344.51
-152.47
-583.47
-505.65
Beginning Cash Position
15,614.46
14,783.83
11,654.56
8,884.90
Capital Expenditure
-13,217.56
-14,245.42
-14,368.76
-16,373.56
Issuance of Capital Stock
Issuance of Debt
48,386.39
16,895.02
8,506.51
20,910.74
Repayment of Debt
-10,458.66
-16,877.95
-27,202.97
-27,450.09
Repurchase of Capital Stock
Free Cash Flow
-36,642.55
-3,040.75
2,027.93
5,060.52