Key Details
Price
$7.03Last Dividend
$0.54Annual Revenue
$66.94 BAnnual EPS
-$2.87PE Ratio
3.21Annual ROE
-11.87%Beta
0.53Events Calendar
Next earnings date:
Feb 21, 2025Recent quarterly earnings:
Nov 13, 2024Recent annual earnings:
Feb 23, 2024Next ex-dividend date:
N/ARecent ex-dividend date:
Dec 30, 2020Next split:
N/ARecent split:
N/AAnalyst ratings
Recent major analysts updates
Screeners with KEP included
Market Data
Dividend
Profitability
Efficiency
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Liquidity
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Institutional Ownership
Korea Electric Power, the only electricity provider in South Korea, has encountered major difficulties between 2021 and 2023, leading to a 71.19% drop in its stock price from its highest point. Factors such as rising production costs, the inability to transfer these costs to customers, heavy debt, and political issues have impacted KEPCO's finances. However, its monopoly position, cost management efforts, better operating conditions, and possible political changes suggest that it can overcome this crisis and may even succeed in the future.
Korea Electric Power Corporation (NYSE:KEP) will hold its Q3 2024 Earnings Conference Call on November 13, 2024, at 1:00 AM ET. The call will feature Yang Si-young, the Head of Investor Relations, along with other participants. Pierre Lau from Citigroup will be the operator for the call.
Kim Dong-cheol was recently appointed as Korea Electric Power's new CEO, and he replaces Cheong Seung-il who previously disclosed in May he wished to step down as CEO. A meaningful increase in the electricity tariff rate and a faster pace of revenue diversification are some of the key goals set by the new CEO. I have a favorable view of the new CEO appointment, and this explains why I have maintained my Buy rating for KEP.
Korea Electric Power's Q2 2023 performance is expected to be better as compared to the first quarter, considering an electricity tariff hike and lower purchased power costs. KEP's high financial leverage isn't a major concern, taking into account Fitch's credit rating, its debt maturity profile, and asset monetization plans. I leave my Buy rating for Korea Electric Power unchanged, after assessing KEP's financial outlook and its credit risks.
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