Buy Or Sell Opportunity • Jun 29
Now 29% overvalued Over the last 90 days, the stock has fallen 32% to ₩12,160. The fair value is estimated to be ₩9,420, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.6% over the last 3 years. Earnings per share has declined by 44%. New Risk • Apr 03
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. The company is paying a dividend despite being loss-making. The company is paying a dividend despite having no free cash flows. Dividend yield: 2.0% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 4.3% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (16% average weekly change). Profit margins are more than 30% lower than last year (1.0% net profit margin). Announcement • Mar 13
Korea Electric Power Industrial Development Co., Ltd, Annual General Meeting, Mar 27, 2026 Korea Electric Power Industrial Development Co., Ltd, Annual General Meeting, Mar 27, 2026, at 09:30 Tokyo Standard Time. Location: conference room, 115, seosomun-ro, jung-gu, seoul South Korea New Risk • Feb 04
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of South Korean stocks, typically moving 9.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 2.2% per year over the past 5 years. Minor Risks Paying a dividend despite being loss-making. Share price has been volatile over the past 3 months (9.9% average weekly change). Upcoming Dividend • Dec 22
Upcoming dividend of ₩367 per share Eligible shareholders must have bought the stock before 29 December 2025. Payment date: 15 April 2026. The company is not currently making a profit but it is cash flow positive. Trailing yield: 3.4%. Lower than top quartile of South Korean dividend payers (3.6%). In line with average of industry peers (3.3%). New Risk • Nov 26
New major risk - Revenue and earnings growth Earnings have declined by 2.2% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 2.2% per year over the past 5 years. Minor Risk Paying a dividend despite being loss-making. Declared Dividend • Nov 08
Dividend of ₩367 announced Dividend of ₩367 is the same as last year. Ex-date: 29th December 2025 Payment date: 15th April 2026 Dividend yield will be 3.2%, which is lower than the industry average of 4.3%. Sustainability & Growth Dividend is not covered by earnings (108% earnings payout ratio). However, it is well covered by cash flows (42% cash payout ratio). The dividend has increased by an average of 14% per year over the past 6 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 20% to bring the payout ratio under control. However, EPS has declined by 7.9% over the last 5 years so the company would need to reverse this trend. Announcement • Nov 07
Korea Electric Power Industrial Development Co., Ltd announces Annual dividend, payable on April 15, 2026 Korea Electric Power Industrial Development Co., Ltd announced Annual dividend of KRW 367.0000 per share payable on April 15, 2026, ex-date on December 29, 2025 and record date on December 31, 2025. Buy Or Sell Opportunity • Jun 17
Now 22% undervalued Over the last 90 days, the stock has risen 35% to ₩14,250. The fair value is estimated to be ₩18,364, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.3% over the last 3 years. Earnings per share has grown by 6.5%. Valuation Update With 7 Day Price Move • Jun 12
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₩14,690, the stock trades at a trailing P/E ratio of 41.7x. Average trailing P/E is 16x in the Electric Utilities industry in Asia. Total returns to shareholders of 53% over the past three years. New Risk • May 24
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 3.1% Last year net profit margin: 4.9% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (104% payout ratio). Profit margins are more than 30% lower than last year (3.1% net profit margin). Valuation Update With 7 Day Price Move • Apr 30
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₩12,550, the stock trades at a trailing P/E ratio of 35.2x. Average trailing P/E is 17x in the Electric Utilities industry in Asia. Negligible returns to shareholders over past three years. New Risk • Apr 29
New minor risk - Dividend sustainability The dividend is not well covered by earnings. Payout ratio: 103% Dividend yield: 3.0% This is considered a minor risk. Companies that pay out too much of their earnings are at risk of having to reduce or cut their dividend in future. If earnings growth slows or earnings fall, then there may not be enough earnings to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. However, this risk is mitigated by the fact the dividend is covered by cash flows. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Apr 15
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₩10,480, the stock trades at a trailing P/E ratio of 29.4x. Average trailing P/E is 16x in the Electric Utilities industry in Asia. Total loss to shareholders of 11% over the past three years. Announcement • Mar 14
Korea Electric Power Industrial Development Co., Ltd, Annual General Meeting, Mar 28, 2025 Korea Electric Power Industrial Development Co., Ltd, Annual General Meeting, Mar 28, 2025, at 09:30 Tokyo Standard Time. Location: conference room, 115, seosomun-ro, jung-gu, seoul South Korea Valuation Update With 7 Day Price Move • Jan 17
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₩11,890, the stock trades at a trailing P/E ratio of 28.6x. Average trailing P/E is 4x in the Electric Utilities industry in South Korea. Total returns to shareholders of 23% over the past three years. Upcoming Dividend • Dec 20
Upcoming dividend of ₩297 per share Eligible shareholders must have bought the stock before 27 December 2024. Payment date: 15 April 2025. Payout ratio is a comfortable 71% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of South Korean dividend payers (3.9%). Lower than average of industry peers (3.6%). Valuation Update With 7 Day Price Move • Dec 09
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₩8,930, the stock trades at a trailing P/E ratio of 21.5x. Average trailing P/E is 4x in the Electric Utilities industry in South Korea. Total loss to shareholders of 26% over the past three years. Valuation Update With 7 Day Price Move • Sep 26
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₩13,770, the stock trades at a trailing P/E ratio of 21.6x. Average trailing P/E is 18x in the Electric Utilities industry in Asia. Total loss to shareholders of 3.1% over the past three years. Valuation Update With 7 Day Price Move • Sep 04
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to ₩15,780, the stock trades at a trailing P/E ratio of 24.8x. Average trailing P/E is 18x in the Electric Utilities industry in Asia. Total returns to shareholders of 7.9% over the past three years. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to ₩12,570, the stock trades at a trailing P/E ratio of 22.5x. Average trailing P/E is 18x in the Electric Utilities industry in South Korea. Total returns to shareholders of 12% over the past three years. Valuation Update With 7 Day Price Move • Jul 05
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₩10,750, the stock trades at a trailing P/E ratio of 19.2x. Average trailing P/E is 15x in the Electric Utilities industry in Asia. Total loss to shareholders of 32% over the past three years. Valuation Update With 7 Day Price Move • Jun 10
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩12,350, the stock trades at a trailing P/E ratio of 22.1x. Average trailing P/E is 15x in the Electric Utilities industry in Asia. Total returns to shareholders of 50% over the past three years. New Risk • May 27
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of South Korean stocks, typically moving 7.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 0.9% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.7% average weekly change). Valuation Update With 7 Day Price Move • May 27
Investor sentiment improves as stock rises 31% After last week's 31% share price gain to ₩10,480, the stock trades at a trailing P/E ratio of 18.7x. Average trailing P/E is 14x in the Electric Utilities industry in Asia. Total returns to shareholders of 98% over the past three years. Upcoming Dividend • Dec 20
Upcoming dividend of ₩228 per share at 3.1% yield Eligible shareholders must have bought the stock before 27 December 2023. Payment date: 15 April 2024. Payout ratio is a comfortable 41% and the cash payout ratio is 85%. Trailing yield: 3.1%. Lower than top quartile of South Korean dividend payers (3.5%). Lower than average of industry peers (3.9%). Valuation Update With 7 Day Price Move • Aug 03
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₩8,580, the stock trades at a trailing P/E ratio of 18x. Average trailing P/E is 14x in the Electric Utilities industry in Asia. Total returns to shareholders of 190% over the past three years. New Risk • Jul 12
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of South Korean stocks, typically moving 10% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 4.2% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (10% average weekly change). Valuation Update With 7 Day Price Move • Jul 11
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to ₩9,120, the stock trades at a trailing P/E ratio of 19.1x. Average trailing P/E is 14x in the Electric Utilities industry in Asia. Total returns to shareholders of 201% over the past three years. Valuation Update With 7 Day Price Move • Apr 17
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₩9,200, the stock trades at a trailing P/E ratio of 18.4x. Average trailing P/E is 14x in the Electric Utilities industry in Asia. Total returns to shareholders of 222% over the past three years. Reported Earnings • Mar 24
Full year 2022 earnings released: EPS: ₩499 (vs ₩264 in FY 2021) Full year 2022 results: EPS: ₩499 (up from ₩264 in FY 2021). Revenue: ₩346.0b (up 7.8% from FY 2021). Net income: ₩16.3b (up 89% from FY 2021). Profit margin: 4.7% (up from 2.7% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 43% per year, which means it is well ahead of earnings. Upcoming Dividend • Dec 21
Upcoming dividend of ₩198 per share Eligible shareholders must have bought the stock before 28 December 2022. Payment date: 14 April 2023. Payout ratio is a comfortable 50% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of South Korean dividend payers (3.3%). Lower than average of industry peers (4.4%). Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. No independent directors (6 non-independent directors). Executive VP of Marketing Group, Director of Power Generation & Director Eung-Tae Kim was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Nov 01
Investor sentiment improved over the past week After last week's 29% share price gain to ₩10,250, the stock trades at a trailing P/E ratio of 29x. Average trailing P/E is 13x in the Electric Utilities industry in Asia. Total returns to shareholders of 233% over the past three years. Valuation Update With 7 Day Price Move • Oct 13
Investor sentiment deteriorated over the past week After last week's 19% share price decline to ₩7,720, the stock trades at a trailing P/E ratio of 21.9x. Average trailing P/E is 13x in the Electric Utilities industry in Asia. Total returns to shareholders of 157% over the past three years. Valuation Update With 7 Day Price Move • Sep 28
Investor sentiment deteriorated over the past week After last week's 19% share price decline to ₩8,050, the stock trades at a trailing P/E ratio of 22.8x. Average trailing P/E is 14x in the Electric Utilities industry in Asia. Total returns to shareholders of 168% over the past three years. Valuation Update With 7 Day Price Move • Jun 29
Investor sentiment improved over the past week After last week's 23% share price gain to ₩11,850, the stock trades at a trailing P/E ratio of 49.6x. Average trailing P/E is 16x in the Electric Utilities industry in Asia. Total returns to shareholders of 279% over the past three years. Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₩10,150, the stock trades at a trailing P/E ratio of 42.5x. Average trailing P/E is 17x in the Electric Utilities industry in Asia. Total returns to shareholders of 220% over the past three years. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). President, CEO & Director Weon-Eui Hong was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Mar 14
Investor sentiment improved over the past week After last week's 18% share price gain to ₩14,750, the stock trades at a trailing P/E ratio of 67.6x. Average trailing P/E is 17x in the Electric Utilities industry in Asia. Total returns to shareholders of 328% over the past three years. Valuation Update With 7 Day Price Move • Feb 21
Investor sentiment improved over the past week After last week's 16% share price gain to ₩11,700, the stock trades at a trailing P/E ratio of 53.6x. Average trailing P/E is 17x in the Electric Utilities industry in Asia. Total returns to shareholders of 236% over the past three years. Upcoming Dividend • Dec 22
Upcoming dividend of ₩208 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 12 April 2022. Payout ratio is on the higher end at 95%, however this is supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of South Korean dividend payers (2.4%). Lower than average of industry peers (4.1%). Valuation Update With 7 Day Price Move • Oct 12
Investor sentiment deteriorated over the past week After last week's 18% share price decline to ₩13,350, the stock trades at a trailing P/E ratio of 45.2x. Average trailing P/E is 15x in the Electric Utilities industry in Asia. Total returns to shareholders of 334% over the past three years. Valuation Update With 7 Day Price Move • Sep 01
Investor sentiment improved over the past week After last week's 15% share price gain to ₩13,550, the stock trades at a trailing P/E ratio of 45.9x. Average trailing P/E is 16x in the Electric Utilities industry in Asia. Total returns to shareholders of 349% over the past three years. Valuation Update With 7 Day Price Move • Jul 27
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₩14,000, the stock trades at a trailing P/E ratio of 35x. Average trailing P/E is 17x in the Electric Utilities industry in Asia. Total returns to shareholders of 356% over the past three years. Valuation Update With 7 Day Price Move • Jul 11
Investor sentiment improved over the past week After last week's 34% share price gain to ₩17,100, the stock trades at a trailing P/E ratio of 42.7x. Average trailing P/E is 16x in the Electric Utilities industry in Asia. Total returns to shareholders of 476% over the past three years. Valuation Update With 7 Day Price Move • Jun 22
Investor sentiment improved over the past week After last week's 17% share price gain to ₩10,000, the stock trades at a trailing P/E ratio of 25x. Average trailing P/E is 17x in the Electric Utilities industry in Asia. Total returns to shareholders of 208% over the past three years. Valuation Update With 7 Day Price Move • Jun 07
Investor sentiment improved over the past week After last week's 32% share price gain to ₩7,590, the stock trades at a trailing P/E ratio of 19x. Average trailing P/E is 15x in the Electric Utilities industry in Asia. Total returns to shareholders of 112% over the past three years. Announcement • Mar 18
Korea Electric Power Industrial Development Co., Ltd, Annual General Meeting, Mar 31, 2021 Korea Electric Power Industrial Development Co., Ltd, Annual General Meeting, Mar 31, 2021, at 09:30 Korea Standard Time. Upcoming Dividend • Dec 22
Upcoming Dividend of ₩227 Per Share Will be paid on the 13th of April to those who are registered shareholders by the 29th of December. The trailing yield of 4.5% is in the top quartile of South Korean dividend payers (2.6%), and it is in line with industry peers (4.5%). Valuation Update With 7 Day Price Move • Dec 18
Investor sentiment improved over the past week After last week's 33% share price gain to ₩5,330, the stock is trading at a trailing P/E ratio of 10.6x, up from the previous P/E ratio of 8x. This compares to an average P/E of 14x in the Electric Utilities industry in Asia. Total returns to shareholders over the past three years are 47%. Is New 90 Day High Low • Dec 15
New 90-day high: ₩4,150 The company is up 15% from its price of ₩3,610 on 15 September 2020. The South Korean market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electric Utilities industry, which is up 2.0% over the same period. Is New 90 Day High Low • Nov 05
New 90-day high: ₩3,790 The company is up 17% from its price of ₩3,245 on 07 August 2020. The South Korean market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electric Utilities industry, which is up 1.0% over the same period. Is New 90 Day High Low • Oct 14
New 90-day high: ₩3,785 The company is up 15% from its price of ₩3,280 on 16 July 2020. The South Korean market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electric Utilities industry, which is up 1.0% over the same period.