KEPKorea Electric Power Corporation

$12.24

Is it safe?

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.

$23.90T

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
−47%

Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.