Kepco Plant S& (051600) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Kepco Plant S& stock KRW 37,110, price KRW 41,300, that is 10.1% below the price, quality 59 out of 100. Rating: overvalued. Calculated from audited financials with 24 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 5, 2026.
How to read this chart
60‑month range 24,952 KRW – 67,500 KRW · fair‑value band 25,135 KRW – 50,631 KRW · the 41,300 KRW price screens above the 37,110 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 5, 2026.
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KEPCO Plant Service & Engineering Co.,Ltd. provides maintenance services for electric power-generating facilities in South Korea, Asia, the United States, Africa, and internationally.
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The company offers planned outage, commissioning, instrument and control system, maintenance of private power systems, and life extension & performance improvement services, as well as routine maintenance, including preventive, predictive, and corrective maintenance services.
It also provides maintenance services for transmission sites and substations, such as transmission lines, live lines, and high-voltage direct currency transformers, as well as restoration of overhead transmission lines; and construction, construction supervision, engineering, and safety diagnosis of transmission lines.
In addition, the company operates and maintains nuclear and power plant maintenance engineering center; provides NPP maintenance services; and constructs solar energy power plants, as well as offers maintenance of wind power plant facilities.
Further, it engages in the development of various technologies, such as maintenance techniques and automation, diagnosis and evaluation of machineries, welding maintenance and related engineering services, ICT convergence, new and renewable energy, robotics, nuclear decommissioning, non-destructive examination, and 3D-printing commercialization technology for power plant components.
The company was founded in 1984 and is headquartered in Naju-si, South Korea. KEPCO Plant Service & Engineering Co.,Ltd. is a subsidiary of Korea Electric Power Corporation.
Stock analysis
Kepco Plant S& (051600) currently trades at 41,300 KRW, while our model-based Fair Value estimate is 37,110 KRW, 10% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 51,102 KRW per share, and 9 of the 24 models we run sit above the 41,300 KRW price.
Bear case: the Asset-Based group reads lowest at 14,401 KRW, and 15 of the 24 models stay below the price. Data coverage for this calculation is high.
Scenario range: 25,135 KRW (bear) to 50,631 KRW (bull), the price of 41,300 KRW sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 59/100 (solid quality), in the Industrials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Kepco Plant S& reported revenue of 1.6T KRW in FY2025 versus 1.4T KRW in FY2021, a compound +3.4%/yr. Reported net income was 124B KRW in FY2025, compounding +5.9%/yr from FY2021.
Key figures
Market cap 1.9T KRW (≈ $1.4B) Small · P/E ratio 14.1 · P/S ratio 1.14 · EPS (TTM) 2,885 KRW · Dividend yield 4.0% · Net margin 8.0% · Return on equity 10.0% · Return on assets (EBIT) 10.0% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 47 out of 100 (low confidence).
What moves the price
The share trades about 39% below its 52-week high and 3% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −42% fair-value upside, at −10%, 051600 screens cheaper than that median.
Fair Value models
Bear25,135 KRWFair Value 37,110 KRWBull50,631 KRW
Price 41,300 KRW · Downside -10.1%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (1,055 KRW per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.62/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+1.2%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+3.3%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+3.9%
Start year 2020 (pandemic). Over 10 years: +2.9% a year
Revenue growth 12 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+2.8%
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What shareholders gained per year (last 5 years), in KRW ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in KRW: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+8.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year+4.7%
Dividend (yield on the price)4.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.4.7% vs 3.5%, steady
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.12% → 9%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+15.5%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+4.7%
Yearly sales growth analysts expect, extended to five years.
After inflation (South Korea: IMF forecast 2.1% a year to 2030, 2.1% from 2016 to 2025) that is about +13.1% a year for the price and +2.6% for the forecasts.
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Engineering & Construction · 791 stocks
Beats the industry median on 9/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score59 · Above median
Fair Value upside−10.1% · Below median
Profitability
Return on equity (12 months)10.0% · Above median
Return on assets7.3% · Top 25%
Net margin (12 months)8.0% · Top 25%
Operating margin (12 months)10.0% · Above median
Growth and dividend
Revenue growth (quarter YoY)−3.5% · Below median
Dividend yield (12 months)4.0% · Top 25%
Valuation Multiplesvs Engineering & Construction median · lower = cheaper
P/E (12 months)14.1× · Cheaper than median
P/B1.38× · Cheaper than median
P/S (12 months)1.14× · Pricier than median
Price / free cash flow (fiscal year)26.4× · Pricier than median
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Is Kepco Plant S& (051600) overvalued or undervalued?
As of Nov 5, 2026, our model estimates a fair value of 37,110 KRW versus a price of 41,300 KRW, about 10% lower (overvalued).
What is the fair value of 051600?
Our model-based fair value for Kepco Plant S& is 37,110 KRW (as of Nov 5, 2026), built from audited fundamentals. The current price: 41,300 KRW.
What is the quality score of 051600?
Kepco Plant S& has a Quality Score of 59/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Kepco Plant S& (051600)?
Our model-based price target is the fair value of 37,110 KRW (as of Nov 5, 2026) from 24 valuation models. Cautious scenario 25,135 KRW, optimistic scenario 50,631 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Kepco Plant S& stock forecast for 2026?
Our models put fair value at 37,110 KRW, about 10% lower versus a price of 41,300 KRW (overvalued). Cautious scenario 25,135 KRW, optimistic scenario 50,631 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Kepco Plant S& (051600)?
Kepco Plant S& reported trailing-twelve-month revenue of about 1.6T KRW (latest available figure, as of Nov 5, 2026).
Does Kepco Plant S& pay a dividend?
Kepco Plant S& currently shows a dividend yield of 4.00% relative to its recent price (as of Nov 5, 2026).
How much is the dividend of Kepco Plant S& (051600) and when is the ex-dividend date?
Kepco Plant S& pays a dividend of 1,651 KRW per share a year, a dividend yield of 4.0%. The last ex-dividend date was Dec 29, 2025. A dividend has been paid every year since at least 2007. The payout ratio is 57.2% of earnings. Free cash flow covers the dividend 0.95 times. Our assessment: Sustainable. Payout and cash coverage both look sustainable.
What growth is priced into Kepco Plant S& (051600)?
For today's price to be fair in a discounted-cash-flow model, Kepco Plant S& would have to grow free cash flow by +15.5 % per year for five years (discount rate 10.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +3.9 % per year. As of Nov 5, 2026.
What discount rate (WACC) does the fair value of 051600 use?
Our models discount Kepco Plant S& at 10.6 %: a base by market capitalisation (small), damped by beta 0.64, country premium for South Korea. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Kepco Plant S& that is +15.5 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (10.6 %) and the same formula as our fair value.
How much growth has Kepco Plant S& (051600) delivered so far?
Over the past 5 years revenue at Kepco Plant S& grew +3.9 % a year. The price currently implies free-cash-flow growth of +15.5 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Kepco Plant S& (051600) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into Kepco Plant S& (+15.5 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Kepco Plant S& (051600)?
The free-cash-flow yield on the price is 3.79 %: that much free cash flow Kepco Plant S& produces per unit of market value. When it exceeds the discount rate of our models (10.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Kepco Plant S& (051600)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Kepco Plant S& it is 37,110 KRW per share (as of Nov 5, 2026), against a price of 41,300 KRW. It is the blended result of 24 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Kepco Plant S& stock overvalued or undervalued in 2026?
As of Nov 5, 2026, 051600 trades above its calculated fair value: price 41,300 KRW, fair value 37,110 KRW, a gap of about −10% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 051600?
No. The price is what the market pays today (41,300 KRW); the fair value is what the company's own numbers justify (37,110 KRW). For Kepco Plant S& the two are 4,190 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Kepco Plant S& worth?
The market values Kepco Plant S& at about 1.9T KRW (market capitalisation, as of Nov 5, 2026). Per share that is 41,300 KRW; our models calculate a fair value of 37,110 KRW per share.
What do the bullish and bearish scenarios say about 051600?
Our models span a range for Kepco Plant S&: cautious scenario 25,135 KRW, base 37,110 KRW, optimistic 50,631 KRW per share (as of Nov 5, 2026, price 41,300 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 051600?
Kepco Plant S& trades at a price-to-earnings ratio of 14.1 (as of Nov 5, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 37,110 KRW is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings, FY2025 ex one-offs: 14.2. Other multiples: P/B 1.4, P/S 1.1, EV/EBITDA 8.1.
How solid is the balance sheet of Kepco Plant S& (051600)?
Balance-sheet figures for Kepco Plant S& (as of Nov 5, 2026): return on equity 10.0%. They feed the Quality Score of 59/100, which measures business quality independently of the share price.
How far is 051600 from its 52-week high?
Kepco Plant S& trades at 41,300 KRW, about 39% below its 52-week high of 67,500 KRW and 3% above the low of 40,100 KRW (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 37,110 KRW is for.
Which stocks are comparable to Kepco Plant S&?
From the same area (Industrials) we also value Quanta Services, Inc, Vinci SA, Larsen & Toubro Limited, Comfort Systems USA, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Kepco Plant S& stock attractive at the current price?
The data as of Nov 5, 2026: price 41,300 KRW, calculated fair value 37,110 KRW (−10%), Quality Score 59/100, from 24 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 051600 calculated?
We run Kepco Plant S& through 24 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 37,110 KRW builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0% above its aggregate fair value. Kepco Plant S& itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Kepco Plant S& (051600)?
The closing price on Nov 6, 2026 was 41,300 KRW. Our model-based fair value is 37,110 KRW, about 10% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Kepco Plant S& right now?
A fairly wide model range (25,135 KRW to 50,631 KRW) leaves room in how you read the outcome. The price sits in the upper half of our model range, so the margin of safety is thin. The data supports the verdict: every model runs on fully documented inputs.
Key figures of Kepco Plant S&
How large is the market capitalisation of Kepco Plant S& (051600)?
The market capitalisation of Kepco Plant S& is 1.9T KRW (≈ $1.4B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Kepco Plant S& (051600)?
The price-to-sales ratio of Kepco Plant S& is 1.14 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Kepco Plant S& (051600)?
Earnings per share at Kepco Plant S& are 2,885 KRW (price ÷ EPS = P/E 14.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Kepco Plant S& (051600)?
The dividend yield of Kepco Plant S& is 4.0% (payout 57.2%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Kepco Plant S& (051600)?
The net margin of Kepco Plant S& is 8.0% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Kepco Plant S& (051600)?
The return on equity (ROE) of Kepco Plant S& is 10.0% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Kepco Plant S& (051600)?
On an EBIT basis the return on assets of Kepco Plant S& is 10.0% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Kepco Plant S& (051600)?
The operating margin of Kepco Plant S& is 10.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Kepco Plant S& (051600)?
Revenue at Kepco Plant S& is growing −3.5% versus a year earlier (3y avg +3.3%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Kepco Plant S& (051600)?
Earnings per share at Kepco Plant S& are growing −24.7% versus a year earlier. How much earnings per share grew versus a year earlier.
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Broad data
Nov 5, 2026