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KEPCO Plant Service & Engineering Co (051600) Fair Value & Analysis

Industrials · KR · Market cap 2.1T KRW

KP KEPCO Plant Service & Engineering Co 051600 · KO
Price47,250 KRW
Fair Value45,844 KRW
Upside-3.0%
Quality60/100
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Healthy Growth
Thin margins · 8.7% net margin
generates free cash flow
3.55% dividend yield
Ranks above peers (9/9)
Moderate moat 48/100
Evidence: High Range 30,200 KRW – 62,804 KRW Share as image

Fair value as of: Jul 24, 2026

From 22 valuation models · updated 17 days ago

Fair value updated Jul 24, 2026, revised from 45,932 KRW to 45,844 KRW (−0.2%) since Jul 6, 2026. Share price +7.6% over the past month.

A solid business, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • A fairly wide model range (30,200 KRW to 62,804 KRW) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

67,500 KRW 22,536 KRW Fair Value 45,844 KRW Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 24, 2026.

How to read this chart

60‑month range 22,536 KRW – 67,500 KRW · fair‑value band 30,200 KRW – 62,804 KRW · the 47,250 KRW price screens above the 45,844 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 24, 2026.

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Analysis

KEPCO Plant Service & Engineering Co (051600) currently trades at 47,250 KRW, while our model-based Fair Value estimate is 45,844 KRW, implying the stock looks roughly 3.0% fairly valued today. The Quality Score stands at 60/100 (solid quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, KEPCO Plant Service & Engineering Co generated revenue of 1.6T KRW at a net margin of 8.7%. Revenue grew 22.4% year over year. It earns a return on equity of 11.3%. Fundamentals as of Jul 24, 2026

Our scenario range runs from 30,200 KRW (bear case) to 62,804 KRW (bull case); at 47,250 KRW, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 32% below its 52-week high and 5% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -45% fair-value upside, at -3%, 051600 screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Residual Income 26,163 KRW 28,891 KRW 43,842 KRW 76
Growth DCF 20,951 KRW 27,910 KRW 38,513 KRW 72
Growth-Adj P/E 31,427 KRW 44,895 KRW 58,364 KRW 68
All 22 models by family
DCF Models
FCF DCF 20,279 KRW 27,506 KRW 39,064 KRW 38
Owner Earnings 33,252 KRW 45,980 KRW 66,335 KRW 31
5Y Revenue Exit 26,006 KRW 38,725 KRW 55,119 KRW 39
5Y EBITDA Exit 33,902 KRW 52,430 KRW 74,018 KRW 41
5Y P/E Exit 33,638 KRW 51,971 KRW 70,991 KRW 38
10Y Revenue Exit 22,941 KRW 34,018 KRW 47,364 KRW 36
10Y EBITDA Exit 28,755 KRW 43,376 KRW 60,903 KRW 37
10Y P/E Exit 28,588 KRW 43,062 KRW 58,734 KRW 35
Earnings-Based
Graham-Dodd 18,773 KRW 37,143 KRW 46,578 KRW 54
EPV 26,197 KRW 30,249 KRW 33,851 KRW 59
Multiples
P/E Multiple 43,481 KRW 57,975 KRW 72,468 KRW 63
P/S Multiple 35,199 KRW 46,932 KRW 58,665 KRW 58
P/B Multiple 35,199 KRW 46,932 KRW 58,665 KRW 55
EV/EBIT 42,263 KRW 55,273 KRW 68,282 KRW 53
EV/EBITDA 47,188 KRW 61,839 KRW 76,491 KRW 54
EV/Revenue 31,090 KRW 43,029 KRW 54,967 KRW 43
Asset-Based
NCAV (Graham) 14,953 KRW 20,037 KRW 29,906 KRW 50
Growth DCF
Growth DCF 20,951 KRW 27,910 KRW 38,513 KRW 72
Rev-Margin DCF 26,006 KRW 38,886 KRW 52,911 KRW 67
Economic Profit
Residual Income 26,163 KRW 28,891 KRW 43,842 KRW 76
ROIC Compounder 26,197 KRW 30,346 KRW 35,659 KRW 67
Growth Earnings
Growth-Adj P/E 31,427 KRW 44,895 KRW 58,364 KRW 68

Widest divergence: Multiples (46,932 KRW) versus Asset-Based (20,037 KRW). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) 1.6T KRW
Revenue growth (YoY) +22.4%
Net margin 8.7%
Return on equity 11.3%
Free cash flow 70.4B KRW FY2025
Operating margin 10.5%
More key figures
Dividend yield 3.6%
EPS growth (YoY) +162%

Figures from reported company fundamentals · as of Jul 24, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 60/100

Of which business quality 59 · Market factors (momentum, volatility) 30

Profitability 45
Margins and returns on capital today
Quality Growth 31
Are margins and returns improving?
Cashflow 35
Earnings quality: real cash, not paper profit
Fin. Strength 86
Balance sheet, leverage, solvency risk
Investment 85
Disciplined investing over empire-building
Low Volatility 55
Calm price path (market factor)
Momentum 17
Price trend over the last 3–12 months (market factor)
52W Momentum 23
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

KEPCO Plant Service & Engineering Co.,Ltd. provides maintenance services for electric power-generating facilities in South Korea, Asia, the United States, Africa, and internationally.

Full company description

KEPCO Plant Service & Engineering Co.,Ltd. provides maintenance services for electric power-generating facilities in South Korea, Asia, the United States, Africa, and internationally. 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.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

KEPCO Plant Service & Engineering Co 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.

Growth Quality 62/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
1.6T KRW
Latest YoY
+1.2%
Avg. growth/yr (3Y)
+3.3%
Avg. growth/yr (5Y)
+3.9%
Avg. growth/yr (12Y)
+2.8%
Revenue +3.4%/yr
FY21 1.4T KRW
FY22 1.4T KRW
FY23 1.5T KRW
FY24 1.6T KRW
FY25 1.6T KRW
Net income +5.9%/yr
FY21 98.7B KRW
FY22 100B KRW
FY23 163B KRW
FY24 172B KRW
FY25 124B KRW

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Cite: Fair Value Calculator (2026). "KEPCO Plant Service & Engineering Co Fair Value". https://www.fairvalue-calculator.com/stock/051600

Peer Group

Engineering & Construction · 837 stocks

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.

Quality Score 60 · Top 25%
Fair Value upside −3% · Above median
Return on equity (TTM) 11% · Above median
Return on assets 6% · Top 25%
Net margin (TTM) 9% · Top 25%
Operating margin (TTM) 11% · Top 25%
Revenue growth 22% · Above median
Dividend yield (TTM) 3.6% · Top 25%

Valuation Multiples vs Engineering & Construction median · lower = cheaper

P/FCF 0.0× · Cheaper than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 29 · sector 16
FUTURE 100 · sector 18
PAST 45 · sector 26
HEALTH 0 · sector 94
DIVIDEND 71 · sector 33

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Engineering & Construction stocks, each showing price versus our Fair Value estimate (as of Jul 24, 2026).

Stock Price Fair Value vs Fair Value
Larsen & Toubro Limited LT ₹3,815 ₹1,994 -48%
Samsung C&T Corporation 028260 346,000 KRW 268,779 KRW -22%
Hyundai Engineering & Construction Co 000720 99,000 KRW 63,993 KRW -35%
United Integrated Services Co 2404 1,250 TWD 925.62 TWD -26%
Samsung E&A Co 028050 42,550 KRW 44,840 KRW +5%
Rail Vikas Nigam Limited RVNL ₹232.67 ₹61.46 -74%
Daewoo Engineering & Construction Co 047040 16,240 KRW 6,507 KRW -60%
NBCC (India) Limited NBCC ₹96.32 ₹48.22 -50%
Cemindia Projects Limited CEMPRO ₹1,330 ₹730.69 -45%
KEPCO Engineering & Construction Company 052690 92,700 KRW 20,172 KRW -78%

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Frequently asked questions

Is KEPCO Plant Service & Engineering Co (051600) overvalued or undervalued?
As of Jul 24, 2026, our model estimates a fair value of 45,844 KRW versus a price of 47,250 KRW, about −3% (fairly valued).
What is the fair value of 051600?
Our model-based fair value for KEPCO Plant Service & Engineering Co is 45,844 KRW (as of Jul 24, 2026), built from audited fundamentals. The current price is 47,250 KRW.
What is the quality score of 051600?
KEPCO Plant Service & Engineering Co has a Quality Score of 60/100. 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 revenue of KEPCO Plant Service & Engineering Co (051600)?
KEPCO Plant Service & Engineering Co reported trailing-twelve-month revenue of about 1.6T KRW (latest available figure, as of Jul 24, 2026).
What is the net profit margin of 051600?
The net profit margin of KEPCO Plant Service & Engineering Co is about 8.7%, meaning it keeps roughly 8.7% of revenue as net income. Based on the latest reported figures.
Does KEPCO Plant Service & Engineering Co pay a dividend?
KEPCO Plant Service & Engineering Co currently shows a dividend yield of about 2.58% relative to its recent price (as of Jul 24, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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