KEP
Korea Electric Power Corporation
KEP's fundamentals are mixed: earnings per share grew 24%, but free cash flow fell 57%. Its PE isn't a useful guide right now because of how its recent earnings were reported.
KEP Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Under pressure | |
| Weak |
KEP's profitability is currently healthy, and its revenue is stable, but its cash flow and balance sheet are under pressure.
KEP PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Current | 2.4x | $11.13 | — |
| Cheap | 3.3x | $15.18 | +36% |
| Fair | 4.9x | $22.53 | +102% |
| Expensive | 12x | $56.81 | +410% |
Historical ranges are pointers, not guarantees.
KEP's PE is 2.4x, but its earnings don't support one, so it isn't a reliable read right now.
KEP Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Strong decline | |
| Stable | |
| Strongly weakening | |
| Limited | |
| High |
Analysts expect KEP's earnings and profitability to decline, with its revenue holding steady.
KEP Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | $4.57 | +24% |
| Q1 2026 | $5.08 | +65% |
| Q4 2025 | $4.98 | +144% |
| Q3 2025 | $4.81 | +123% |
| Q2 2025 | $3.69 | +138% |
| Q1 2025 | $3.07 | +667% |
| Q4 2024 | $2.04 | +$4.85 |
| Q3 2024 | $2.16 | +$10.25 |
KEP's earnings per share have climbed steadily: $4.57 over the past year, up 24% from the year before, and higher year over year for 12 quarters in a row.
KEP Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $16.4B | -0.1% |
| Q1 2026 | $18.3B | +0.7% |
| Q4 2025 | $17.1B | +0.5% |
| Q3 2025 | $20.7B | +5.6% |
| Q2 2025 | $16.4B | +7.2% |
| Q1 2025 | $18.2B | +4% |
| Q4 2024 | $17B | +0.8% |
| Q3 2024 | $19.6B | +6.7% |
KEP's revenue grew through 2024 and has held roughly level since: $16.4B last quarter, about level with the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 5.5% | -4.3 points |
| Q1 2026 | 16% | +0.2 points |
| Q4 2025 | 8.7% | -2.4 points |
| Q3 2025 | 21% | +7.6 points |
| Q2 2025 | 9.7% | +3.6 points |
| Q1 2025 | 16% | +9.9 points |
| Q4 2024 | 11% | +2.6 points |
| Q3 2024 | 13% | +4.8 points |
KEP's operating margin was 5.5% last quarter, down 4.3 points from the same quarter a year ago.
KEP Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | -$3.2B | -$2.8B |
| Q1 2026 | $2.4B | +8.3% |
| Q4 2025 | -$365.4M | +$353.7M |
| Q3 2025 | $2.3B | +63% |
| Q2 2025 | -$432.9M | +$942.2M |
| Q1 2025 | $2.2B | +18% |
| Q4 2024 | -$719.2M | +$401M |
| Q3 2024 | $1.4B | +54% |
KEP has burned cash in most quarters: $1.1B over the past year, down 57% from the year before.
KEP Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1% | -13.4M shares |
| 1 year | 0% | -- |
| 3 years | 0% | -- |
| 5 years | 0% | -- |
| Available history | 0% | -- |
KEP has 1.3B diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | $174.4M |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
KEP spent $174M buying back its own shares over the past year, after none the year before.
KEP Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | 4.7x | High |
| Q1 2026 | 4.3x | High |
| Q4 2025 | 4.4x | High |
| Q3 2025 | 4.4x | High |
| Q2 2025 | 0.9x | Very low |
| Q1 2025 | 0.7x | Very low |
| Q4 2024 | 0.9x | Very low |
| Q3 2024 | 5.6x | High |
KEP's net debt is about 4.7 years of its operating earnings (EBITDA), up from less than a year a year ago.
KEP Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 42.0 | Neutral |
| Stochastic | 26.2 | Neutral |
KEP's weekly RSI is 42 (neutral) and its Stochastic is 26 (neutral).
KEP PE vs Utilities Sector
| Metric | KEP | Sector median | Relative |
|---|---|---|---|
| PE | 2.4x | 20x | 88% below |
| PE % | 6 | 44 | 38 pts below |
KEP is trading at 2.4x earnings, a 88% discount to the Utilities sector's median of 20x, though its earnings don't support one.
KEP Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $10.9 | 2.3% above |
| 20 week MA | $11.5 | 3% below |
| 50 week MA | $14.4 | 23% below |
| 100 week MA | $12.7 | 13% below |
| 200 week MA | $10.1 | 10% above |
KEP's trend is mixed: it's above two of its five weekly moving averages, and 10% above its 200-week average.
KEP Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $11.8 | $12.0 | +1.9% |
| 2021 | $12.0 | $9.07 | -25% |
| 2022 | $9.07 | $8.57 | -5.5% |
| 2023 | $8.57 | $7.25 | -15% |
| 2024 | $7.25 | $6.94 | -4.3% |
| 2025 | $6.94 | $17.1 | +146% |
| 2026 YTD | $17.1 | $11.1 | -35% |
KEP has finished lower in four of the last six years. It's down 35% so far in 2026.