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Korea Electric Power

DB:KOP
Snowflake Description

Moderate growth potential and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
KOP
DB
₩12,165B
Market Cap
  1. Home
  2. DE
  3. Utilities
Company description

Korea Electric Power Corporation, an integrated electric utility company, generates, transmits, and distributes electricity in South Korea and internationally. The last earnings update was 13 days ago. More info.


Add to Portfolio Compare Print
  • Korea Electric Power has significant price volatility in the past 3 months.
KOP Share Price and Events
7 Day Returns
7.3%
DB:KOP
4.3%
Europe Electric Utilities
7.3%
DE Market
1 Year Returns
-41.6%
DB:KOP
-2.4%
Europe Electric Utilities
-17.7%
DE Market
KOP Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Korea Electric Power (KOP) 7.3% -17.5% -35.9% -41.6% -65.2% -64.7%
Europe Electric Utilities 4.3% -17% -14% -2.4% 19.4% -2.1%
DE Market 7.3% -17.9% -25.8% -17.7% -25.6% -29%
1 Year Return vs Industry and Market
  • KOP underperformed the Electric Utilities industry which returned -2.4% over the past year.
  • KOP underperformed the Market in Germany which returned -17.7% over the past year.
Price Volatility
KOP
Industry
5yr Volatility vs Market

KOP Value

 Is Korea Electric Power undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Korea Electric Power to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Korea Electric Power.

DB:KOP Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-12-31) in KRW ₩ 373.59338478261
Payout Ratio Company Filings (2019-12-31) 2962.9%
Discount Rate (Cost of Equity) See below 6.9%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:KOP
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 6.1%
Electric Utilities Unlevered Beta Simply Wall St/ S&P Global 0.25
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.252 (1 + (1- 30%) (600.05%))
1.209
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.21
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.209 * 6.07%)
6.95%

Discounted Cash Flow Calculation for DB:KOP using Dividend Discount Model Model

The calculations below outline how an intrinsic value for Korea Electric Power is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

DB:KOP Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= ₩373.59 / (6.95% - -0.39%)
₩0
DB:KOP Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:KOP represents 0.00035x of KOSE:A015760
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.00035x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (KRW) x Listing Adjustment Factor
= ₩ 5,092.87 x 0.00035
€1.77
Value per share (EUR) From above. €1.77
Current discount Discount to share price of €6.60
= -1 x (€6.60 - €1.77) / €1.77
-272.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Korea Electric Power is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Korea Electric Power's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Korea Electric Power's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:KOP PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in KRW ₩-3,653.66
KOSE:A015760 Share Price ** KOSE (2020-03-30) in KRW ₩18950
Europe Electric Utilities Industry PE Ratio Median Figure of 76 Publicly-Listed Electric Utilities Companies 10.06x
Germany Market PE Ratio Median Figure of 400 Publicly-Listed Companies 16.36x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Korea Electric Power.

DB:KOP PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= KOSE:A015760 Share Price ÷ EPS (both in KRW)

= 18950 ÷ -3,653.66

-5.19x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Korea Electric Power is loss making, we can't compare its value to the Europe Electric Utilities industry average.
  • Korea Electric Power is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Korea Electric Power's expected growth come at a high price?
Raw Data
DB:KOP PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -5.19x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 19 Analysts
89.7%per year
Europe Electric Utilities Industry PEG Ratio Median Figure of 37 Publicly-Listed Electric Utilities Companies 1.48x
Germany Market PEG Ratio Median Figure of 254 Publicly-Listed Companies 1.2x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Korea Electric Power, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Korea Electric Power's assets?
Raw Data
DB:KOP PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in KRW ₩105,140.33
KOSE:A015760 Share Price * KOSE (2020-03-30) in KRW ₩18950
Europe Electric Utilities Industry PB Ratio Median Figure of 87 Publicly-Listed Electric Utilities Companies 0.77x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.43x
DB:KOP PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= KOSE:A015760 Share Price ÷ Book Value per Share (both in KRW)

= 18950 ÷ 105,140.33

0.18x

* Primary Listing of Korea Electric Power.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Korea Electric Power is good value based on assets compared to the Europe Electric Utilities industry average.
X
Value checks
We assess Korea Electric Power's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Electric Utilities industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Electric Utilities industry average (and greater than 0)? (1 check)
  5. Korea Electric Power has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

KOP Future Performance

 How is Korea Electric Power expected to perform in the next 1 to 3 years based on estimates from 19 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
89.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Korea Electric Power expected to grow at an attractive rate?
  • Korea Electric Power's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Korea Electric Power's earnings growth is expected to exceed the Germany market average.
  • Korea Electric Power's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:KOP Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:KOP Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 19 Analysts 89.7%
DB:KOP Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 19 Analysts 1%
Europe Electric Utilities Industry Earnings Growth Rate Market Cap Weighted Average 9.3%
Europe Electric Utilities Industry Revenue Growth Rate Market Cap Weighted Average 2.8%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.3%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:KOP Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 19 Analyst Estimates (S&P Global) See Below
All numbers in KRW Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:KOP Future Estimates Data
Date (Data in KRW Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 63,226,000 1
2022-12-31 60,508,798 11,662,750 1,040,057 7
2021-12-31 60,112,964 12,972,180 1,182,779 19
2020-12-31 59,027,913 12,608,643 837,585 19
2020-03-30
DB:KOP Past Financials Data
Date (Data in KRW Millions) Revenue Cash Flow Net Income *
2019-12-31 59,172,890 8,213,428 -2,345,517
2019-09-30 58,811,678 6,935,171 -1,809,215
2019-06-30 59,309,237 6,917,590 -1,323,422
2019-03-31 59,575,421 5,384,765 -1,825,095
2018-12-31 60,627,610 6,680,132 -1,314,567
2018-09-30 60,885,397 9,132,022 -1,906,302
2018-06-30 60,542,154 9,654,401 -1,121,848
2018-03-31 59,895,325 11,498,908 154,537
2017-12-31 59,335,889 11,249,894 1,298,720
2017-09-30 59,431,468 11,340,076 2,960,418
2017-06-30 59,072,696 12,531,715 4,380,743
2017-03-31 59,322,287 14,181,739 5,780,044

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Korea Electric Power's earnings are expected to grow significantly at over 20% yearly.
  • Korea Electric Power's revenue is expected to grow by 1% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:KOP Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 19 Analyst Estimates (S&P Global) See Below

All data from Korea Electric Power Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:KOP Future Estimates Data
Date (Data in KRW Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31 1,804.40 3,308.00 -64.00 5.00
2021-12-31 1,809.85 3,590.00 313.00 14.00
2020-12-31 1,262.57 2,791.00 40.00 14.00
2020-03-30
DB:KOP Past Financials Data
Date (Data in KRW Millions) EPS *
2019-12-31 -3,653.66
2019-09-30 -2,818.25
2019-06-30 -2,061.52
2019-03-31 -2,842.82
2018-12-31 -2,047.73
2018-09-30 -2,969.48
2018-06-30 -1,747.52
2018-03-31 240.79
2017-12-31 2,023.04
2017-09-30 4,611.69
2017-06-30 6,824.05
2017-03-31 9,001.97

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Korea Electric Power is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Korea Electric Power's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Korea Electric Power has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

KOP Past Performance

  How has Korea Electric Power performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Korea Electric Power's growth in the last year to its industry (Electric Utilities).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Korea Electric Power does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Korea Electric Power's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Korea Electric Power's 1-year growth to the Europe Electric Utilities industry average as it is not currently profitable.
Earnings and Revenue History
Korea Electric Power's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Korea Electric Power Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:KOP Past Revenue, Cash Flow and Net Income Data
Date (Data in KRW Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 59,172,890.00 -2,345,517.00 1,979,289.00 224,463.00
2019-09-30 58,811,678.00 -1,809,215.00 2,481,800.00 3,207.00
2019-06-30 59,309,237.00 -1,323,422.00 2,517,058.00 -6,021.00
2019-03-31 59,575,421.00 -1,825,095.00 2,519,296.00 -1,028.00
2018-12-31 60,627,610.00 -1,314,567.00 2,024,592.00 215,494.00
2018-09-30 60,885,397.00 -1,906,302.00 2,676,232.00 -9,204.00
2018-06-30 60,542,154.00 -1,121,848.00 2,686,313.00 -3,527.00
2018-03-31 59,895,325.00 154,537.00 2,680,455.00 2,023.00
2017-12-31 59,335,889.00 1,298,720.00 2,640,985.00
2017-09-30 59,431,468.00 2,960,418.00 2,048,947.00 220,313.00
2017-06-30 59,072,696.00 4,380,743.00 2,161,375.00 206,332.00
2017-03-31 59,322,287.00 5,780,044.00 2,143,599.00 193,145.00
2016-12-31 59,763,087.00 7,048,581.00 2,507,189.00
2016-09-30 59,187,175.00 8,329,399.00 2,263,350.00 -14,878.00
2016-06-30 58,548,581.00 14,645,778.00 2,062,367.00 -3,795.00
2016-03-31 59,045,277.00 14,224,494.00 2,035,956.00 1,486.00
2015-12-31 58,581,727.00 13,289,127.00 2,012,432.00
2015-09-30 59,080,843.00 12,187,431.00 1,676,163.00 173,431.00
2015-06-30 58,429,676.00 4,505,125.00 1,611,399.00 158,654.00
2015-03-31 57,559,983.00 3,354,694.00 1,599,041.00 153,098.00
2014-12-31 57,123,026.00 2,686,873.00 1,829,060.00
2014-09-30 56,497,743.00 2,829,523.00 1,828,888.00 -6,367.00
2014-06-30 55,884,712.00 2,227,544.00 1,887,039.00 -1,684.00
2014-03-31 54,678,896.00 458,973.00 1,833,181.00 -2,046.00
2013-12-31 53,712,505.00 60,011.00 1,841,674.00
2013-09-30 52,472,513.00 -2,318,803.00 1,759,124.00 21,567.00
2013-06-30 51,572,250.00 -2,324,706.00 1,714,658.00 15,554.00
2013-03-31 49,974,715.00 -2,495,186.00 1,736,752.00 7,414.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Korea Electric Power has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Korea Electric Power has efficiently used its assets last year compared to the Europe Electric Utilities industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Korea Electric Power improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Korea Electric Power's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Electric Utilities industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Korea Electric Power has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

KOP Health

 How is Korea Electric Power's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Korea Electric Power's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Korea Electric Power's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Korea Electric Power's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Korea Electric Power's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Korea Electric Power Company Filings, last reported 2 months ago.

DB:KOP Past Debt and Equity Data
Date (Data in KRW Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 68,889,649.00 67,927,748.00 3,484,380.00
2019-09-30 70,024,545.00 66,099,172.00 5,948,455.00
2019-06-30
2019-03-31 70,265,646.00 63,191,918.00 5,502,447.00
2018-12-31 71,092,762.00 61,094,108.00 3,716,468.00
2018-09-30
2018-06-30
2018-03-31 72,198,046.00 56,274,394.00 6,021,333.00
2017-12-31 72,964,641.00 54,808,216.00 4,264,283.00
2017-09-30 74,444,564.00 55,641,899.00 5,483,584.00
2017-06-30 72,870,023.00 56,789,870.00 5,129,620.00
2017-03-31 72,430,054.00 53,041,363.00 5,287,419.00
2016-12-31 73,050,545.00 53,720,092.00 5,491,452.00
2016-09-30
2016-06-30 69,639,638.00 55,768,953.00 5,134,553.00
2016-03-31 67,978,161.00 57,046,833.00 9,266,539.00
2015-12-31 67,942,475.00 58,851,133.00 9,130,837.00
2015-09-30 66,385,065.00 60,761,291.00 10,601,661.00
2015-06-30 57,053,286.00 60,901,803.00 5,596,345.00
2015-03-31 55,525,243.00 61,142,567.00 4,180,304.00
2014-12-31 54,825,010.00 62,911,697.00 2,090,991.00
2014-09-30 53,524,333.00 62,082,923.00 3,785,363.00
2014-06-30 51,728,041.00 62,998,289.00 2,563,561.00
2014-03-31 51,893,900.00 61,633,773.00 3,038,803.00
2013-12-31 51,450,736.00 60,963,020.00 2,664,323.00
2013-09-30 50,556,003.00 60,023,402.00 3,403,466.00
2013-06-30 49,943,188.00 59,180,281.00 3,026,221.00
2013-03-31 51,234,548.00 55,989,341.00 4,324,465.00
  • Korea Electric Power's level of debt (98.6%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (114.7% vs 98.6% today).
  • Debt is not well covered by operating cash flow (12.1%, less than 20% of total debt).
  • Unable to confirm if the interest payments on Korea Electric Power's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess Korea Electric Power's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Korea Electric Power has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

KOP Dividends

 What is Korea Electric Power's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Korea Electric Power dividends. Estimated to be 1.97% next year.
If you bought €2,000 of Korea Electric Power shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Korea Electric Power's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Korea Electric Power's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:KOP Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 19 Analyst Estimates (S&P Global) See Below
Europe Electric Utilities Industry Average Dividend Yield Market Cap Weighted Average of 50 Stocks 4.9%
Germany Market Average Dividend Yield Market Cap Weighted Average of 323 Stocks 3.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 1%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:KOP Future Dividends Estimate Data
Date (Data in ₩) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31 413.69 6.00
2021-12-31 443.16 20.00
2020-12-31 292.00 20.00
2020-03-30
DB:KOP Past Annualized Dividends Data
Date (Data in ₩) Dividend per share (annual) Avg. Yield (%)
2020-03-12 0.000 0.000
2020-02-28 0.000 0.000
2019-12-05 0.000 0.000
2019-11-13 0.000 0.000
2019-08-14 0.000 0.000
2019-05-14 0.000 0.000
2019-04-30 0.000 0.000
2019-03-07 0.000 0.000
2019-02-22 0.000 0.000
2018-03-15 790.000 2.497
2017-03-03 1,980.000 4.931
2016-02-29 3,100.000 5.871
2015-04-30 500.000 1.017
2015-03-16 500.000 1.099
2014-04-30 90.000 0.211
2014-03-13 90.000 0.236
2009-11-23 0.000 0.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Korea Electric Power has not reported any payouts.
  • Unable to verify if Korea Electric Power's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Korea Electric Power's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Korea Electric Power has not reported any payouts.
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (4.3x coverage).
X
Income/ dividend checks
We assess Korea Electric Power's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Korea Electric Power afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Korea Electric Power has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

KOP Management

 What is the CEO of Korea Electric Power's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
JK Kim
AGE 68
TENURE AS CEO 1.9 years
CEO Bio

Dr. Jong Kap Kim, also known as JK, has been the Chairman and Chief Executive Officer at Siemens Ltd. Seoul since June 1, 2011. Dr. Kim has been President, Chief Executive Officer of Korea Electric Power Corporation since April 13, 2018 and served as its and Standing Director since April 13, 2018 until 2019. He serves as Executive Director at Korea Electric Power Corporation since 2019. He served as Head of Hynix Semiconductor since 2007 and serves as its Head of The Board of Directors. Prior to Hynix, he was Vice Minister of the Knowledge Economy Ministry. He holds an MA and Ph.D in Economics from Indiana University, MBA from New York University and a BA and Ph.D in Public Administration from Sung Kyun Kwan University.

CEO Compensation
  • Insufficient data for JK to compare compensation growth.
  • Insufficient data for JK to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Korea Electric Power management team in years:

1.7
Average Tenure
60
Average Age
  • The average tenure for the Korea Electric Power management team is less than 2 years, this suggests a new team.
Management Team

JK Kim

TITLE
President
AGE
68
TENURE
1.9 yrs

Woo-ki Baek

TITLE
Head of Finance & Investor Relations Team

Dong-Sub Kim

TITLE
Senior EVP for Business Operations & Executive Director
AGE
60

Hoe-Chun Kim

TITLE
Senior EVP of Business Management & Executive Director
AGE
59
TENURE
1.7 yrs

Hyung-Duck Park

TITLE
Senior EVP of Strategy & Finance and Executive Director
AGE
58
TENURE
1.7 yrs

Hyun-Seung Lim

TITLE
Senior EVP of Nuclear Power Generations & Executive Director
AGE
59
TENURE
1.7 yrs

Sung-Arm Kim

TITLE
Senior EVP for Power Grid & Executive Director
AGE
60
TENURE
1 yrs

Jung-Hee Lee

TITLE
Comptroller & Auditor General
AGE
65
TENURE
1.6 yrs

Changyoung Ji

TITLE
Senior Investor Relations Manager
Board of Directors Tenure

Average tenure and age of the Korea Electric Power board of directors in years:

1.7
Average Tenure
59.5
Average Age
  • The average tenure for the Korea Electric Power board of directors is less than 3 years, this suggests a new board.
Board of Directors

Jwa-Kwan Kim

TITLE
Independent Chairman of the Board
AGE
59

JK Kim

TITLE
President
AGE
68
TENURE
1.9 yrs

Dong-Sub Kim

TITLE
Senior EVP for Business Operations & Executive Director
AGE
60
TENURE
1.7 yrs

Hoe-Chun Kim

TITLE
Senior EVP of Business Management & Executive Director
AGE
59
TENURE
1.7 yrs

Hyung-Duck Park

TITLE
Senior EVP of Strategy & Finance and Executive Director
AGE
58
TENURE
1.7 yrs

Hyun-Seung Lim

TITLE
Senior EVP of Nuclear Power Generations & Executive Director
AGE
59
TENURE
1.7 yrs

Sung-Arm Kim

TITLE
Senior EVP for Power Grid & Executive Director
AGE
60
TENURE
1 yrs

Geum-Sun Noh

TITLE
Independent Director
AGE
57
TENURE
1.8 yrs

Chang-Joon Kim

TITLE
Independent Director
AGE
75
TENURE
2 yrs

Bong-Ryull Yang

TITLE
Independent Director
AGE
67
TENURE
1.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Korea Electric Power's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Korea Electric Power has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

KOP News

Simply Wall St News

KOP Company Info

Description

Korea Electric Power Corporation, an integrated electric utility company, generates, transmits, and distributes electricity in South Korea and internationally. The company operates through Transmission and Distribution, Electric Power Generation (Nuclear), Electric Power Generation (Non-nuclear), Plant Maintenance & Engineering Service, and Others segments. It generates power from nuclear, coal, oil, liquefied natural gas, internal combustion, combined-cycle, integrated gasification combined cycle, hydro, wind, solar, fuel cell, biogas, and other sources. As of December 31, 2018, the company had a total of 640 generation units, including nuclear, thermal, hydroelectric, and internal combustion units with an installed generation capacity of 81,362 megawatts. Its transmission system consisted of 34,155 circuit kilometers of lines of 765 kilovolts and others, including high-voltage direct current lines, as well as 850 substations with an installed transformer capacity of 316,661 megavolt-amperes; and distribution system included 120,057 megavolt-amperes of transformer capacity and 9,464,748 units of support with a total line length of 493,331 circuit kilometers. The company provides electricity to residential, commercial, educational, industrial, agricultural, street lighting, and overnight power usage. It also offers utility plant maintenance and architectural engineering, information, communication line leasing, resources development, and fly ashes recycling services, as well as sells nuclear fuel. Korea Electric Power Corporation was founded in 1961 and is headquartered in Naju, South Korea.

Details
Name: Korea Electric Power Corporation
KOP
Exchange: DB
Founded: 1961
₩8,993,951,398
641,964,077
Website: http://home.kepco.co.kr
Address: Korea Electric Power Corporation
55 Jeollyeok-ro,
Naju,
Jeollanam-do, 58322,
South Korea
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
KOSE A015760 Common Stock Korea Stock Exchange KR KRW 02. Jan 1992
NYSE KEP SPON ADR EACH REPR 0.5 KRW5000 New York Stock Exchange US USD 27. Oct 1994
DB KOP SPON ADR EACH REPR 0.5 KRW5000 Deutsche Boerse AG DE EUR 27. Oct 1994
Number of employees
Current staff
Staff numbers
46,377
Korea Electric Power employees.
Industry
Electric Utilities
Utilities
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/30 21:14
End of day share price update: 2020/03/30 00:00
Last estimates confirmation: 2020/03/26
Last earnings filing: 2020/03/17
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.