An entry written while the outcome is still unknown. It will be scored by what the market does next, and it will never be edited to look cleverer than it was.
In plain words · Korea Electric Power Corporation, together with its subsidiaries, engages in the generation, transmission, and distribution of electricity in South Korea and internationally.
VERDICT
The label
Distribution
read at $11.64
Korea Electric Power Corporation holds its Distribution at $11.64.
PHPhase · the trend structure carries the Distribution label
INInsiders · no filings inside 60 days, left as found
POPositioning · no disclosures inside 60 days, left as found
OPOptions · no verdict drawn today, left as found
SCScreen · does not pass the values gate
edge confirmed
edge broken
edge forming
Each arm is one independent read. Conviction is not a single call, it is how many edges converge.
INVESTOR
The investor read · the season, not the day
As held on the ledger · 2026-07-29
Phase
Distribution · caution
Quantitative state
The statistical read favours the buyers, held for 9 days
Price
$11.64
Valuation
2.63 trailing · 3.03 forward price to earnings
Values screen
FAIL· score 70.0
Beta
0.79
OPPORTUNITY
The opportunity · what the numbers say it is worth
Our framework reads AVOID — it trades at roughly a 38% discount to our $16.00 fair value, moderate competitive moat, 0.70% revenue growth.
Read at
$11.64
2.63 P/E · 3.03 fwd
Our fair value
$16.00
38% discount
Analyst target (avg)
$16.00
+37% to current
Price history & projections · where it has been, where the models see it going
The valuation journey · where the price sits against fair value and the Street
Current
$11.64
you are here
Conservative
$16.00
+37%
Analyst avg
$16.00
+37%
Our fair value
$16.00
+37%
Analyst high
$16.00
+37%
Green marks levels above today's price, red below; the shaded band is the gap between the price and our fair value.
Reading the gap · Both our model and the analysts see meaningful upside from here.
Revenue growth
0.70%
Profit margin
8.92%
Debt to equity
255.55
Analyst consensus
None · 1 covering
Fair value and rating are our own model estimates; target range reflects third-party analyst estimates. Analysis, not advice.
SCREEN
The values screen, explained · five checks, plain English
This company is excluded by both standards. There are two widely recognised ways to check whether a company is suitable for a Muslim investor. It fails on both:
The common standard· AAOIFI Used by most halal investing apps✗ DOES NOT PASS
Our stricter standard· asset-based The one Titan applies✗ DOES NOT PASS
Why it fails. The problem is its debt ratio. Because both standards agree on this, it is a clear exclusion, not a borderline case.
Business activityIts core business isn't built on prohibited lines — no gambling, alcohol, tobacco, weapons, or interest-based lending.Pass
Debt loadInterest-bearing debt is 751,490.8% of its assets, above the one-third ceiling the screen allows.Fail
Interest-bearing cashInterest-bearing cash and securities are 31,671.6% of assets, above the one-third limit.Fail
ReceivablesMoney owed to the company is 0.0% of assets, under the 49% limit.Pass
Revenue purityOnly 0.0% of revenue comes from non-compliant sources — under the 5% line.Pass
Every security is read against two recognised standards: our stricter asset-based screen (ratios measured against total assets) and the more widely used market-value standard (measured against market capitalisation). Where they agree we say so plainly; where they part ways — almost always on the debt check — we show both readings and mark it, because that disagreement is the finding, not a fault. We report the score; you and your scholar make the call.
PLAIN
The business, in plain words · what the numbers mean
South Korea's power utility carries hidden debt
Electricity reaches every home in Seoul through a state-backed utility that trades like a bargain on the surface. Korea Electric Power shows a forward multiple of just 3 times earnings and sits 41 percent below our fair value estimate. Revenue inches along at 1 percent while profit margins reach 9 percent and return on equity hits 19 percent.
We pass for one clear reason. The ethical screen rejects the debt ratio outright, regardless of the moderate moat or the single analyst target at 16 dollars. Leverage leaves no margin for the regulatory squeezes and fuel price swings that define this business.
A low multiple on a utility often marks peak earnings or structural pressure rather than a genuine discount. Currency moves and policy shifts add further volatility that the balance sheet cannot absorb. Analysis, not advice.
The risks · The things to watch: its business and earnings are exposed to South Korea and to currency swings; it carries a real debt load, which raises the stakes if revenue slips.
Plain-English interpretation of our own screen data. Analysis, not advice.
PEERS
Related securities · others in KEP's space worth a look
Screened names in the same industry · explore each on its own page.
TRADE
Where & how to trade · wherever in the world you are
KEP trades on the NYSE (the company is based in South Korea). As a US-listed security it is accessible through almost any international broker offering US markets. New to this, or investing from outside the US? Our guide to accessing global markets covers brokers, currencies and the practical steps.
TRADER
The trader read · the latest dated commentary
The framework reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is momentum reading bearish. Over the past year the shares are up 17%. Our forward projection puts the odds of a 10% gain over the next month near 33%. The street (1 analysts) rates it hold, with a mean price target of $16. Entered 2026-07-18 · Distribution
JOURNAL
The dated journal · newest first, never edited
2026-07-18Distribution$12.76+0.0%Entry 3
The framework reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is momentum reading bearish. Over the past year the shares are up 17%. Our forward projection puts the odds of a 10% gain over the next month near 33%. The street (1 analysts) rates it hold, with a mean price target of $16.
2026-07-03Distribution$12.76+0.0%Entry 2
The framework reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns.
2026-07-02Distribution$12.76Entry 1
The framework reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns.
Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.
RETURNS
What holding actually paid · price plus dividends
If $1,000 had been placed · historical, not a promise
Period
Price then
Price return
Divs per share
$1,000 became
Total return
1 month
$14.76
-19.0%
·
$810
-19.0%
2 months
$14.80
-19.3%
·
$807
-19.3%
3 months
$15.98
-25.2%
·
$748
-25.2%
6 months
$16.74
-28.6%
·
$714
-28.6%
1 year
$10.24
+16.7%
·
$1,167
+16.7%
2 years
$7.21
+65.8%
$0.08
$1,668
+66.8%
3 years
$7.35
+62.6%
$0.08
$1,637
+63.7%
5 years
$11.60
+3.0%
$0.08
$1,037
+3.7%
Historical returns from market close data. Past performance does not guarantee future results.
SEALED
This entry now belongs to the ledger. Whatever KEP does next, these words stay.
Korea Electric Power Corporation · KEP · Distribution · $11.64
Recorded 2026-07-29 · before the outcome · scored mechanically
