Added to YB: 2024-09-02
Pitch date: 2024-08-30
KEP [bullish]
Korea Electric Power Corporation
+109.05%
current return
Author Info
MBR's Substack is an undergraduate at Seoul Nat'l University sharing investment writeups. Sign up for the newsletter.
Company Info
Korea Electric Power Corporation, an integrated electric utility company, engages in the generation, transmission, and distribution of electricity in South Korea and internationally.
Market Cap
KRW 30.4T
Pitch Price
KRW 8.13
Price Target
N/A
Dividend
0.45%
EV/EBITDA
N/A
P/E
N/A
EV/Sales
N/A
Sector
Electric Utilities
Category
turnaround
Korea Electric Power Corporation - $KEP
KEP: Korean gov-backed power monopoly. Severe debt (623.5% ratio) from 2022 energy crisis. Profit = (Electricity rate - Purchase cost) x Sales volume. 2022 loss: 25T won. Bond issuance limit raised to 6x capital+reserves till 2027. Must raise rates to reduce debt. Stock undervalued but narrative concerns.
Read full article (11 min)