Daishin cuts target to KRW 40,000 for Korea Electric Power stock

Published on 10/20/2026 at 21:20 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q2 revenue was KRW 21.9 trillion, down 0.1 percent year over year. Korea Electric Power stock costs EUR 9.48 on October 20, 2026 at 9:13 p.m. CEST.

Analyst target and earnings pressure

Daishin Securities cut its Korea Electric Power target to KRW 40,000 from KRW 54,000 on October 20, 2026.
Second-quarter revenue reached KRW 21.9 trillion, down 0.1 percent year over year.
Korea Electric Power stock costs EUR 9.48 at Lang & Schwarz on October 20, 2026 at 9:13 p.m. CEST.
Daishin expects third-quarter operating profit of KRW 3.094 trillion, down 45.3 percent year over year.

KEP, US5006311063, Illustration mit AI erstellt.

Korea Electric Power Corporation (ISIN US5006311063) faces a lower analyst target after Seoul Economic Daily reported on October 20, 2026 that Daishin Securities cut its target to KRW 40,000 from KRW 54,000 while maintaining its Buy rating. Korea Electric Power stock was trading at EUR 9.48 at Lang & Schwarz on October 20, 2026 at 9:13 p.m. CEST.

Daishin sees weaker third-quarter profit

Daishin expects third-quarter revenue of KRW 26.957 trillion, down 2.2 percent from the same period a year earlier. Its operating-profit estimate is KRW 3.094 trillion, down 45.3 percent year over year, although the estimate is above consensus of KRW 2.36 trillion, Seoul Economic Daily reported.

The brokerage cited higher fuel costs, lower industrial electricity rates and a weaker valuation for overseas nuclear construction. It also estimated third-quarter fuel costs at KRW 7.29 trillion, up 32.5 percent from the same period last year.

Second-quarter earnings set the base

Korea Electric Power reported second-quarter revenue of KRW 21.9 trillion, down 0.1 percent year over year, while operating profit reached KRW 1.13 trillion and net income was KRW 277.54 billion. The figures correspond to the quarter ended June 30, 2026, and were reported in company filings summarized by ATS View.

The contrast between the second quarter and Daishin's forecast is material: operating profit of KRW 1.13 trillion in the reported quarter compares with KRW 3.094 trillion expected for the third quarter, while the year-over-year direction differs sharply from the revenue trend. Daishin also said nuclear utilization could recover to 80.1 percent, up 4.3 percentage points from a year earlier.

Valuation remains tied to fuel costs

Daishin said Korea Electric Power's 12-month forward price-to-book ratio had fallen to 0.35 times by October 20, 2026. The brokerage linked a potential recovery in the shares to lower and more stable oil prices, while the target reduction highlights the earnings sensitivity of the regulated utility.

Stock price and listing details

Korea Electric Power's primary common-share listing is on the Korea Exchange KOSPI market under code 015760, while its American depositary receipts trade on the NYSE under KEP, according to ATS View. The USD quote was USD 10.62 on October 20, 2026 at 3:19 p.m. UTC, and the market capitalization was USD 13.6 billion.

Investor takeaway

The target cut puts the forecast operating-profit decline beside a reported quarter in which revenue was nearly unchanged. For investors, the key variable is whether fuel costs ease enough to offset lower electricity selling prices.

Korea Electric Power was trading at EUR 9.48 at Lang & Schwarz on October 20, 2026 at 9:13 p.m. CEST.

The further course of trading is shown by the continuously updated real-time quote of Korea Electric Power stock.