KEPCO Engineering & Construction (052690) fair value: what the stock is really worth
As of Oct 16, 2026: fair value (intrinsic value) of KEPCO Engineering & Construction stock KRW 10,653, price KRW 100,800, upside -89.4%, quality 62 out of 100. Rating: strongly overvalued. Calculated from audited financials with 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, dashed = 300-day average. As of Oct 18, 2026.
How to read this chart
60‑month range 41,525 KRW – 194,800 KRW · fair‑value band 7,586 KRW – 14,908 KRW · the 100,800 KRW price screens above the 10,653 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 18, 2026.
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KEPCO Engineering & Construction Company, Inc. engages in designing, engineering, procurement, and construction of power plants in South Korea and internationally. It offers architect engineering and nuclear steam supply system designing services.
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The company also engages in engineering, procurement, construction, and test run of nuclear power plants; provision of technological support service to enhance the performance and upgrade the power of nuclear power plants that are being operated; fuel conversion of power plants in operation, performance improvement, and lifetime extension; and construction of thermal power plants.
In addition, it is involved in the design of combined heat and power plants, and cycle power plants; renewable energy business; transmission and distribution/substation business; greenhouse gas mitigation; and engineering and construction of fuel gas desulfurization systems, DeNOx systems, water and wastewater treatment facilities, wastewater recycling facilities, and desalinization facilities.
The company was formerly known as Korea Power Engineering Company, Inc. and changed its name to KEPCO Engineering & Construction Company, Inc. in July 2010. KEPCO Engineering & Construction Company, Inc. was founded in 1975 and is headquartered in Gimcheon-si, South Korea.
KEPCO Engineering & Construction Company, Inc. operates as a subsidiary of Korea Electric Power Corporation.
Stock analysis
KEPCO Engineering & Construction (052690) currently trades at 100,800 KRW, while our model-based Fair Value estimate is 10,653 KRW, 89.4% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 35,652 KRW per share, and 0 of the 24 models we run sit above the 100,800 KRW price.
Bear case: the Growth DCF group reads lowest at 6,431 KRW, and 24 of the 24 models stay below the price. Data coverage for this calculation is low.
Scenario range: 7,586 KRW (bear) to 14,908 KRW (bull), the price of 100,800 KRW sits above 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 62/100 (solid quality), in the Industrials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
KEPCO Engineering & Construction reported revenue of 519B KRW in FY2025 versus 433B KRW in FY2021, a compound +4.6%/yr. Reported net income was 85.4B KRW in FY2025, compounding +50.9%/yr from FY2021.
Key figures
Market cap 4.6T KRW (≈ $3.5B) Mid · P/S ratio 8.71 · Dividend yield 1.3% · Net margin 6.8% · Return on equity 6.0% · Return on assets (EBIT) 3.6% · Operating margin 2.9% · Revenue (TTM) 529B KRW.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 43 out of 100 (low confidence).
What moves the price
The share trades about 48% below its 52-week high and 26% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −35% fair-value upside, at −89%, 052690 screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely (6,373 KRW to 72,931 KRW). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear7,586 KRWFair Value 10,653 KRWBull14,908 KRW
Price 100,800 KRW · Upside -89.4%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model.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.40/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
−8.9%
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.
+0.9%
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.
+3.7%
Start year 2020 (pandemic). Over 10 years: −2.3% 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.
−3.1%
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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. Basis: EBIT basis. 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.
≈ +5.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year+3.7%
Dividend (yield on the price)1.3%
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.33.5% vs 14.2%, picking up
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.7% → 7%
Pace: the 5-year rate starts in 2020 (pandemic)
⚠ Rate on operating basis: 2025 sits 161% above its own trend.
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).
+59.9%
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.
+16.7%
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 +56.7% a year for the price and +14.4% for the forecasts.
Compare KEPCO Engineering & Construction with another stock
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 · 785 stocks
Beats the industry median on 3/12 measures
Overall it trails its industry peers.
Valuation
Quality Score62 · Top 25%
Fair Value upside−89.4% · Bottom 25%
Profitability
Return on equity (12 months)6.0% · Below median
Return on assets9.6% · Top 25%
Net margin (12 months)6.8% · Above median
Operating margin (12 months)2.9% · Below median
Growth and dividend
Revenue growth−2.7% · Below median
Dividend yield (12 months)1.3% · Below median
Valuation Multiplesvs Engineering & Construction median · lower = cheaper
P/B7.37× · Priciest 25%
P/S (12 months)8.71× · Priciest 25%
Price / free cash flow213.1× · Priciest 25%
EV/EBITDA65.8× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 30
FUTURE (revenue growth)0· sector 19
PAST (return on equity)24· sector 29
HEALTH (low debt)100· sector 94
DIVIDEND (yield)27· sector 42
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "KEPCO Engineering & Construction Fair Value". https://www.fairvalue-calculator.com/stock/052690
Frequently asked questions
Is KEPCO Engineering & Construction (052690) overvalued or undervalued?
As of Oct 18, 2026, our model estimates a fair value of 10,653 KRW versus a price of 100,800 KRW, about −89% upside (overvalued).
What is the fair value of 052690?
Our model-based fair value for KEPCO Engineering & Construction is 10,653 KRW (as of Oct 18, 2026), built from audited fundamentals. The current price: 100,800 KRW.
What is the quality score of 052690?
KEPCO Engineering & Construction has a Quality Score of 62/100. 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 Engineering & Construction (052690)?
Our model-based price target is the fair value of 10,653 KRW (as of Oct 18, 2026) from 24 valuation models. Cautious scenario 7,586 KRW, optimistic scenario 14,908 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the KEPCO Engineering & Construction stock forecast for 2026?
Our models put fair value at 10,653 KRW, about −89% upside versus a price of 100,800 KRW (overvalued). Cautious scenario 7,586 KRW, optimistic scenario 14,908 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of KEPCO Engineering & Construction (052690)?
KEPCO Engineering & Construction reported trailing-twelve-month revenue of about 529B KRW (latest available figure, as of Oct 18, 2026).
Does KEPCO Engineering & Construction pay a dividend?
KEPCO Engineering & Construction currently shows a dividend yield of 1.34% relative to its recent price (as of Oct 18, 2026).
What growth is priced into KEPCO Engineering & Construction (052690)?
For today's price to be fair in a discounted-cash-flow model, KEPCO Engineering & Construction would have to grow free cash flow by +59.9 % per year for five years (discount rate 11.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +3.7 % per year. As of Oct 18, 2026.
What discount rate (WACC) does the fair value of 052690 use?
Our models discount KEPCO Engineering & Construction at 11.6 %: a base by market capitalisation (mid), damped by beta 1.58, 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 Engineering & Construction that is +59.9 % per year a year over ten years, using the same discount rate (11.6 %) and the same formula as our fair value.
How much growth has KEPCO Engineering & Construction (052690) delivered so far?
Over the past 5 years revenue at KEPCO Engineering & Construction grew +3.7 % a year. The price currently implies +59.9 % per year free-cash-flow growth a 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 Engineering & Construction (052690) growing?
The median revenue growth in the sector is +7.4 % a year. That is the yardstick for the growth priced into KEPCO Engineering & Construction (+59.9 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of KEPCO Engineering & Construction (052690)?
The free-cash-flow yield on the price is 0.56 %: that much free cash flow KEPCO Engineering & Construction produces per unit of market value. When it exceeds the discount rate of our models (11.6 %), 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 Engineering & Construction (052690)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For KEPCO Engineering & Construction it is 10,653 KRW per share (as of Oct 18, 2026), against a price of 100,800 KRW. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is KEPCO Engineering & Construction stock overvalued or undervalued in 2026?
As of Oct 18, 2026, 052690 trades above its calculated fair value: price 100,800 KRW, fair value 10,653 KRW, a gap of about −89% (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 052690?
No. The price is what the market pays today (100,800 KRW); the fair value is what the company's own numbers justify (10,653 KRW). For KEPCO Engineering & Construction the two are 90,147 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is KEPCO Engineering & Construction worth?
The market values KEPCO Engineering & Construction at about 4.6T KRW (market capitalisation, as of Oct 18, 2026). Per share that is 100,800 KRW; our models calculate a fair value of 10,653 KRW per share.
What do the bullish and bearish scenarios say about 052690?
Our models span a range for KEPCO Engineering & Construction: cautious scenario 7,586 KRW, base 10,653 KRW, optimistic 14,908 KRW per share (as of Oct 18, 2026, price 100,800 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of KEPCO Engineering & Construction (052690)?
Balance-sheet figures for KEPCO Engineering & Construction (as of Oct 18, 2026): return on equity 6.0%. They feed the Quality Score of 62/100, which measures business quality independently of the share price.
How far is 052690 from its 52-week high?
KEPCO Engineering & Construction trades at 100,800 KRW, about 48% below its 52-week high of 194,800 KRW and 26% above the low of 79,900 KRW (as of Oct 16, 2026). Distance from the high says nothing about value: that is what the fair value of 10,653 KRW is for.
Which stocks are comparable to KEPCO Engineering & Construction?
From the same area (Industrials) we also value Quanta Services, Inc, Vinci SA, Comfort Systems USA, Inc, Larsen & Toubro Limited, 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 Engineering & Construction stock attractive at the current price?
The data as of Oct 18, 2026: price 100,800 KRW, calculated fair value 10,653 KRW (−89%), Quality Score 62/100, 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 052690 calculated?
We run KEPCO Engineering & Construction through 24 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 10,653 KRW, 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 13.8 % above its aggregate fair value. KEPCO Engineering & Construction 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 Engineering & Construction (052690)?
The closing price on Oct 16, 2026 was 100,800 KRW. Our model-based fair value is 10,653 KRW, about −89% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with KEPCO Engineering & Construction right now?
The price sits above even our optimistic bull case (14,908 KRW). The favourable scenario is already priced in. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid but not exceptional quality (62/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (7,586 KRW to 14,908 KRW) leaves room in how you read the outcome.
Key figures of KEPCO Engineering & Construction
How large is the market capitalisation of KEPCO Engineering & Construction (052690)?
The market capitalisation of KEPCO Engineering & Construction is 4.6T KRW (≈ $3.5B). 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 Engineering & Construction (052690)?
The price-to-sales ratio of KEPCO Engineering & Construction is 8.71 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the dividend yield of KEPCO Engineering & Construction (052690)?
The dividend yield of KEPCO Engineering & Construction is 1.3%. 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 Engineering & Construction (052690)?
The net margin of KEPCO Engineering & Construction is 6.8% (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 Engineering & Construction (052690)?
The return on equity (ROE) of KEPCO Engineering & Construction is 6.0% (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 Engineering & Construction (052690)?
On an EBIT basis the return on assets of KEPCO Engineering & Construction is 3.6% (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 Engineering & Construction (052690)?
The operating margin of KEPCO Engineering & Construction is 2.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at KEPCO Engineering & Construction (052690)?
Revenue at KEPCO Engineering & Construction is growing −2.7% versus a year earlier (3y avg +0.9%). 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 Engineering & Construction (052690)?
Earnings per share at KEPCO Engineering & Construction are growing +736% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does KEPCO Engineering & Construction (052690) carry?
The net debt of KEPCO Engineering & Construction is 20.7B KRW (fiscal year 2017, ≈ 1.0 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Thin data
Oct 18, 2026