KEPKorea Electric Power Corporation
Is it safe?
Mostly sound, with a caveat: comfortable debt (AA), but big price swings.
Rock-solid balance sheet, low leverage. A rule of thumb on leverage, not a credit rating.
Large price swings, high volatility. Worst drawdown -80% · now 53% below its 52-week high.
Where this answer is blind. Altman sits structurally low for utilities and pipelines; Beneish runs high for fast growers, since sales growth alone lifts it; banks and REITs are excluded.
Can KEP take a bad year?
Korea Electric Power Corporation carries $23.90T of net debt at 1.06× EBITDA: a load its earnings can carry.
Net debt · as at FY2024 · under two and a half years of EBITDA, comfortable
- Net debt / EBITDA
- 1.06×
Net debt / EBITDA · 2.62× a year ago · the load is coming down
- Interest cover
- 1.81×
Interest cover · operating profit barely covers the interest bill
- Annualised volatility
- 47%
Annualised volatility · roughly twice as jumpy as the market
Details›
- Total debtFY2024
- $29.78T
- Cash and short-term investments
- $5.88T
- Net debt
- $23.90T
- EBITDA, trailing twelve months
- $22.46T
- Operating profit, trailing twelve months
- $8.46T
- Debt / equity
- 0.75×
- Total debt / EBITDA
- 1.33×
- Annualised volatilitytwo years of daily moves
- 47%
- Worst drawdown on file
- −80%
- Below its 52-week high
- 53%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.
Utilities, Regulated Electric
Ranks #6 of 15 by RyuScore