Korea Electric Power (HAM:KOP) Operating Income: €8,195 Mil (TTM As of Mar. 2026)

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HAM:KOP Korea Electric Power Corp HAM:KOP
76 GF Score
Price €10.60
GF Value €7.23
! 3 Warning Signs
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What is Korea Electric Power Operating Income?

Korea Electric Power HAM:KOP +2.91% 76 Operating Income is €8,195 Mil as of Mar. 2026. GuruFocus rates HAM:KOP with a GF Score™ of 76/100 and a GF Value™ of €7.23. The stock has 3 warning signs investors should review.

Korea Electric Power's Operating Income for the three months ended in Mar. 2026 was €2,220 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was €8,195 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Korea Electric Power's Operating Income for the three months ended in Mar. 2026 was €2,220 Mil. Korea Electric Power's Revenue for the three months ended in Mar. 2026 was €14,159 Mil. Therefore, Korea Electric Power's Operating Margin % for the quarter that ended in Mar. 2026 was 15.68%.

Korea Electric Power's 5-Year average Growth Rate for Operating Margin % was 0.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Korea Electric Power's annualized ROC % for the quarter that ended in Mar. 2026 was 3.99%. Korea Electric Power's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 9.24%.


Korea Electric Power  (HAM:KOP) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Korea Electric Power's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=8880.964 * ( 1 - 25.8% )/( (163961.298 + 166593.861)/ 2 )
=6589.675288/165277.5795
=3.99 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=148570.175 - 5817.872 - ( 3295.55 - max(0, 39109.737 - 17900.742+3295.55))
=163961.298

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=149603.459 - 6661.586 - ( 4225.729 - max(0, 41426.722 - 17774.734+4225.729))
=166593.861

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Korea Electric Power's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=10271.372/( ( (109776.15 + max(2057.335, 0)) + (110380.018 + max(-28190.638, 0)) )/ 2 )
=10271.372/( ( 111833.485 + 110380.018 )/ 2 )
=10271.372/111106.7515
=9.24 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(6774.919 + 5916.946 + 1435.273) - (5817.872 + 2695.404 + 3556.527)
=2057.335

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(6055.909 + 5821.448 + 1051.419) - (6661.586 + 2652.702 + 31805.126)
=-28190.638

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Korea Electric Power's Operating Margin % for the quarter that ended in Mar. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=2220.241/14159.303
=15.68 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.


Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


Korea Electric Power Operating Income Related Terms


Korea Electric Power Operating Income Historical Data

* Premium members only.

The historical data trend for Korea Electric Power's Operating Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Korea Electric Power Operating Income Chart

Korea Electric Power Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only -4,371.39 -23,819.54 -3,089.39 5,459.14 7,908.93

Korea Electric Power Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2,404.60 1,344.24 3,474.47 1,155.97 2,220.24
HAM:KOP
76GF Score
Korea Electric Power Corp HAM:KOP
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Korea Electric Power Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €8,195 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Operating Income →
What does a Operating Income of €8,195 Mil mean?
Korea Electric Power (HAM:KOP) has a Operating Income of €8,195 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Korea Electric Power and its competitors.
Is Korea Electric Power's Operating Income too high?
Korea Electric Power's current Operating Income is €8,195 Mil. Overall, Korea Electric Power has a GF Score™ of 76/100, reflecting its overall financial health beyond just this single metric.
How does Korea Electric Power's Operating Income compare to NEE and SO?
Korea Electric Power's Operating Income of €8,195 Mil can be compared against companies in the Utilities - Regulated industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for an Utilities - Regulated company?
A good Operating Income depends on the Utilities - Regulated industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Korea Electric Power and its competitors. Korea Electric Power's current Operating Income is €8,195 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Korea Electric Power stock overvalued right now?
Korea Electric Power (HAM:KOP) has a current Operating Income of €8,195 Mil. The stock's GF Value™ is €7.23, compared to a current price of €10.60 — trading 46.6% above its estimated fair value. The current Operating Income is €8,195 Mil. Korea Electric Power's overall GF Score™ is 76/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For Korea Electric Power (HAM:KOP), the current Operating Income is €8,195 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Korea Electric Power (HAM:KOP) Overvalued in 2026?

Based on GuruFocus' analysis, Korea Electric Power stock appears to be overvalued. The current stock price of €10.60 is trading 46.6% above its estimated GF Value™ of €7.23.

Key valuation signals for HAM:KOP:

  • Operating Income: €8,195 Mil
  • GF Value™: €7.23 vs. price of €10.60 (46.6% above fair value)
  • GF Score™: 76/100 with 3 warning signs

No single metric tells the full story. See the HAM:KOP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Korea Electric Power Business Description

Address 55 Jeollyeok-ro, Jeollanam-do, Naju-si, KOR, 58322
Korea Electric Power Corp is an electric utility company in which the government of South Korea holds a controlling stake. The firm operates in the following segments: Transmission and distribution, Electric power generation (Nuclear), Electric power generation (Non-Nuclear), Plant maintenance & engineering service, and Others. The majority of the energy produced by the company comes from its nuclear and coal-fired assets. Korea Electric Power generates revenue through the Transmission and distribution segment. Geographically, it derives maximum revenue from Domestic operations.
76GF Score

Get the complete analysis for HAM:KOP

Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€10.60
Price
€7.23
GF Value