KEPNYSEElectric ServicesFiscal year ends December 31
KOREA ELECTRIC POWER CORP
Financials through fiscal 2024, year ended Dec 31, 2024Last filing: 20-F on Apr 29, 2026
$10.65+0.02 (+0.19%)
Close on Oct 19, 2026
Margins
Share of revenue, fiscal years 2014 to 2024
Gross margin
11.5%+10.1 pts over 5 years
Operating margin
9.1%+12.1 pts over 5 years
Net margin
3.8%+7.8 pts over 5 years
Growth rates
Compound annual growth to fiscal 2024
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +5.8% | +15.5% | +9.6% | – | |
| Gross profit | – | – | +68.2% | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2015 | FY2019 | FY2024 | Trend |
|---|---|---|---|---|
| Return on equity | – | -3.4% | 9.2% | |
| Return on assets | – | -1.2% | 1.4% | |
| Current ratio | – | 0.80 | 0.46 | |
| Debt to equity | – | 0.07 | 0.52 | |
| Net debt to EBITDA | – | 0.31× | 0.81× | |
| Interest coverage | 6.7× | -0.6× | 1.1× | |
| Inventory turnover | – | 8.1× | 8.8× | |
| Capex to revenue | 24.0% | 23.9% | 15.4% | |
| Diluted shares | 642M | 642M | 642M |
Where the cash went
Fiscal 2020 to 2024, five years combined
Korea Electric Power generated ₩58.58T from operations and spent ₩67.55T on capital expenditure, dividends and share buybacks. 98% of that went back into the business.
Generated
₩58.58T
Used
₩67.55T
Capital expenditure₩66.44T98%Dividends₩1.11T2%Share buybacks₩00%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin3.8%
×Asset turnover0.38×
×Equity multiplier6.42×
=Return on equity, FY20249.2%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2024 | 3.8% | 0.38× | 6.42× | 9.2% |
| FY2023 | -5.5% | 0.37× | 6.21× | -12.6% |
| FY2022 | -34.7% | 0.32× | 4.27× | -46.9% |
| FY2021 | -8.8% | 0.29× | 3.11× | -8.0% |
| FY2020 | 3.4% | 0.29× | 2.93× | 2.9% |
| FY2019 | -4.0% | 0.31× | 2.79× | -3.4% |
| FY2018 | -2.2% | 0.33× | 2.60× | -1.9% |
| FY2017 | 2.2% | 0.33× | 2.51× | 1.8% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2024 against fiscal 2023
8of 9 tests passed in fiscal 2024. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero₩3.49T
- Cash generatingOperating cash flow above zero₩15.88T
- Return on assets improvedROA up on the prior year-2.1% → 1.5%
- Earnings backed by cashOperating cash flow above net income₩15.88T vs ₩3.49T
- Less leverageLong-term debt to assets fell1.4% → 1.3%
- Better liquidityCurrent ratio rose0.48 → 0.46
- No dilutionShare count did not rise642M → 642M
- Gross margin improvedGross margin up on the prior year-2.54% → 11.47%
- More efficientAsset turnover rose0.37 → 0.39