Korea Electric Power Corporation

DB:KOP Stock Report

Market Cap: €10.4b

Korea Electric Power Valuation

Is KOP undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of KOP when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: KOP (€7.8) is trading below our estimate of fair value (€36.19)

Significantly Below Fair Value: KOP is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for KOP?

Key metric: As KOP is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for KOP. This is calculated by dividing KOP's market cap by their current earnings.
What is KOP's PE Ratio?
PE Ratio4.1x
Earnings₩3.71t
Market Cap₩15.25t

Price to Earnings Ratio vs Peers

How does KOP's PE Ratio compare to its peers?

The above table shows the PE ratio for KOP vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average20x
EBK EnBW Energie Baden-Württemberg
28.3xn/a€17.1b
LEC Lechwerke
25.9xn/a€2.5b
RWE RWE
8.2x-11.0%€23.1b
EOAN E.ON
17.6x8.9%€31.4b
KOP Korea Electric Power
4.1x25.1%€15.2t

Price-To-Earnings vs Peers: KOP is good value based on its Price-To-Earnings Ratio (4.1x) compared to the peer average (20x).

Price to Earnings Ratio vs Industry

How does KOP's PE Ratio compare vs other companies in the European Electric Utilities Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
KOP 4.1xIndustry Avg. 12.7xNo. of Companies10PE0612182430+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: KOP is good value based on its Price-To-Earnings Ratio (4.1x) compared to the European Electric Utilities industry average (12.7x).

Price to Earnings Ratio vs Fair Ratio

What is KOP's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

KOP PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio4.1x
Fair PE Ratio28.2x

Price-To-Earnings vs Fair Ratio: KOP is good value based on its Price-To-Earnings Ratio (4.1x) compared to the estimated Fair Price-To-Earnings Ratio (28.2x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

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