KEP vs. NGG: Korea Electric Power vs. National Grid Stock Comparison
How do Korea Electric Power (KEP) and National Grid (NGG) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.
Company Profile
Korea Electric Power (KEP) and National Grid (NGG) both fall under the Utilities industry group, but KEP is classified in Electric Utilities while NGG is classified in Multi-Utilities.
Both Korea Electric Power (KEP) and National Grid (NGG) trade as ADRs — their core financials are comparable, but keep FX, depositary-program fees, and dividend withholding in view for each.
| Profile Item | KEP | NGG |
|---|---|---|
| Name | Korea Electric Power Corporation Sponsored ADR | National Grid plc Sponsored ADR |
| Country/Region | South Korea | United Kingdom |
| GICS Sector | Utilities | Utilities |
| GICS Industry Group | Utilities | Utilities |
| GICS Industry | Electric Utilities | Multi-Utilities |
| GICS Sub-Industry | Electric Utilities | Multi-Utilities |
| Market Capitalization | 14.38 billion USD | 83.60 billion USD |
| Currency | USD | USD |
| Exchange | NYSE | NYSE |
| Listing Date | October 27, 1994 | August 10, 2005 |
| Security Type | ADR | ADR |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | KEP | NGG |
|---|---|---|
| Total Return (1Y) | -25.98% | 13.00% |
| Total Return (3Y, Annualized) | 20.85% | 19.82% |
| Total Return (5Y, Annualized) | 2.90% | 12.34% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | KEP | NGG |
|---|---|---|
| Volatility (1Y, Annualized) | 46.68% | 22.32% |
| Beta (5Y) | 0.97 | 0.73 |
| Max Drawdown (5Y) | -55.55% | -39.20% |
| Avg. Volume (3M) | 949.70K | 911.70K |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | KEP | NGG |
|---|---|---|
| Sharpe Ratio (1Y) | -0.65 | 0.39 |
| Sortino Ratio (1Y) | -0.93 | 0.54 |
Profitability
ROE (TTM)
Korea Electric Power (KEP) at 16.60% sits in the top ROE quartile, while National Grid (NGG) at 10.31% is closer to the peer norm — stronger capital efficiency for KEP.
KEP
Utilities industry group
16.60%
- Max
- 17.99%
- KEP
- 16.60%
- Q3
- 12.01%
- Median
- 9.44%
- Q1
- 7.56%
- Min
- 2.17%
NGG
Utilities industry group
10.31%
- Max
- 17.99%
- Q3
- 12.01%
- NGG
- 10.31%
- Median
- 9.44%
- Q1
- 7.56%
- Min
- 2.17%
Net Margin (TTM)
National Grid (NGG) at 21.15% keeps a top-quartile share of each sales dollar as profit, while Korea Electric Power (KEP) at 8.04% keeps a bottom-quartile share.
KEP
Utilities industry group
8.04%
- Max
- 28.78%
- Q3
- 17.30%
- Median
- 12.73%
- Q1
- 9.18%
- KEP
- 8.04%
- Min
- -0.20%
NGG
Utilities industry group
21.15%
- Max
- 28.78%
- NGG
- 21.15%
- Q3
- 17.30%
- Median
- 12.73%
- Q1
- 9.18%
- Min
- -0.20%
Operating Margin (TTM)
National Grid (NGG) at 28.64% runs core operations around its industry’s norm, while Korea Electric Power (KEP) at 4.73% operates in the bottom quartile.
KEP
Utilities industry group
4.73%
- Max
- 53.83%
- Q3
- 31.12%
- Median
- 23.62%
- Q1
- 15.45%
- KEP
- 4.73%
- Min
- -4.90%
NGG
Utilities industry group
28.64%
- Max
- 53.83%
- Q3
- 31.12%
- NGG
- 28.64%
- Median
- 23.62%
- Q1
- 15.45%
- Min
- -4.90%
Profitability Metrics
| Metric | KEP | NGG |
|---|---|---|
| ROE (TTM) | 16.60% | 10.31% |
| ROA (TTM) | 3.04% | 3.33% |
| Net Margin (TTM) | 8.04% | 21.15% |
| Operating Margin (TTM) | 4.73% | 28.64% |
| Gross Margin (TTM) | 15.97% | 100.00% |
Growth
Revenue Growth
Korea Electric Power (KEP) at 4.31% is around its peer norm for revenue growth, while National Grid (NGG) at -3.76% drops into the bottom quartile, signaling weaker demand or pricing momentum.
EPS Growth
Only one side can be read here: Korea Electric Power (KEP) reports EPS growth of 144.73%, ranked against its industry; National Grid (NGG) has no EPS growth figure this period.
Growth Metrics
| Metric | KEP | NGG |
|---|---|---|
| Revenue Growth (YoY) | 4.31% | -3.76% |
| Revenue Growth (3Y CAGR) | 11.03% | -6.53% |
| EPS Growth (YoY) | 144.73% | -- |
| EPS Growth (3Y CAGR) | -- | -30.59% |
Financial Strength
Current Ratio (MRQ)
Both Korea Electric Power (KEP) at 0.44 and National Grid (NGG) at 0.62 run current ratio in the tighter-liquidity quartile of industry peers, leaving thinner cushions against current liabilities than typical competitors.
KEP
Utilities industry group
0.44
- Max
- 1.90
- Q3
- 1.17
- Median
- 0.88
- Q1
- 0.66
- KEP
- 0.44
- Min
- 0.29
NGG
Utilities industry group
0.62
- Max
- 1.90
- Q3
- 1.17
- Median
- 0.88
- Q1
- 0.66
- NGG
- 0.62
- Min
- 0.29
Debt / Equity (MRQ)
National Grid (NGG) at 1.32 carries an industry-typical debt-to-equity mix, while Korea Electric Power (KEP) at 2.63 uses more debt funding than most peers.
KEP
Utilities industry group
2.63
- KEP
- 2.63
- Max
- 2.63
- Q3
- 1.77
- Median
- 1.35
- Q1
- 0.84
- Min
- 0.00
NGG
Utilities industry group
1.32
- Max
- 2.63
- Q3
- 1.77
- Median
- 1.35
- NGG
- 1.32
- Q1
- 0.84
- Min
- 0.00
Financial Strength Metrics
| Metric | KEP | NGG |
|---|---|---|
| Current Ratio (MRQ) | 0.44 | 0.62 |
| Debt / Equity (MRQ) | 2.63 | 1.32 |
| Net Debt / EBITDA | 5.13 | 6.32 |
Dividends
Dividend Yield (TTM)
Korea Electric Power (KEP) at 13,891.89% yields beyond its industry’s entire range — a level that invites a dividend-safety check — while National Grid (NGG) at 0.57% sits in the bottom quartile of its peers.
KEP
Utilities industry group
13,891.89%
- KEP
- 13,891.89%
- Max
- 6.66%
- Q3
- 3.58%
- Median
- 2.85%
- Q1
- 0.66%
- Min
- 0.00%
NGG
Utilities industry group
0.57%
- Max
- 6.66%
- Q3
- 3.58%
- Median
- 2.85%
- Q1
- 0.66%
- NGG
- 0.57%
- Min
- 0.00%
Dividend Payout Ratio (TTM)
Korea Electric Power (KEP) at 12.22% retains more earnings than its industry usually does; National Grid (NGG) at 71.97% distributes an above-typical share — opposite departures from the band, with the risk sitting on NGG’s side.
KEP
Utilities industry group
12.22%
- Max
- 113.04%
- Q3
- 68.72%
- Median
- 56.38%
- Q1
- 32.38%
- KEP
- 12.22%
- Min
- 0.00%
NGG
Utilities industry group
71.97%
- Max
- 113.04%
- NGG
- 71.97%
- Q3
- 68.72%
- Median
- 56.38%
- Q1
- 32.38%
- Min
- 0.00%
Dividend Metrics
| Metric | KEP | NGG |
|---|---|---|
| Dividend Yield (TTM) | 13,891.89% | 0.57% |
| Dividend Payout Ratio (TTM) | 12.22% | 71.97% |
Valuation
P/E Ratio (TTM)
Korea Electric Power (KEP) at 2.66 trades below its industry P/E ratio range, while National Grid (NGG) at 15.54 is closer to a normal peer multiple — a clearer earnings-valuation discount for KEP, subject to growth and earnings quality.
KEP
Utilities industry group
2.66
- Max
- 31.22
- Q3
- 23.30
- Median
- 19.64
- Q1
- 15.17
- Min
- 3.34
- KEP
- 2.66
NGG
Utilities industry group
15.54
- Max
- 31.22
- Q3
- 23.30
- Median
- 19.64
- NGG
- 15.54
- Q1
- 15.17
- Min
- 3.34
P/S Ratio (TTM)
Korea Electric Power (KEP) at 0.00 looks cheap on sales in the lower P/S ratio quartile, while National Grid (NGG) at 4.46 looks rich in the upper quartile — a clear gap in price per dollar of revenue.
KEP
Utilities industry group
0.00
- Max
- 6.35
- Q3
- 3.63
- Median
- 2.63
- Q1
- 1.52
- KEP
- 0.00
- Min
- 0.00
NGG
Utilities industry group
4.46
- Max
- 6.35
- NGG
- 4.46
- Q3
- 3.63
- Median
- 2.63
- Q1
- 1.52
- Min
- 0.00
P/B Ratio (MRQ)
Korea Electric Power (KEP) at 0.38 sits in the lower P/B ratio quartile relative to book while National Grid (NGG) at 9.36 prices above its industry range — a wide valuation gap against assets.
KEP
Utilities industry group
0.38
- Max
- 3.12
- Q3
- 2.21
- Median
- 1.83
- Q1
- 1.46
- KEP
- 0.38
- Min
- 0.34
NGG
Utilities industry group
9.36
- NGG
- 9.36
- Max
- 3.12
- Q3
- 2.21
- Median
- 1.83
- Q1
- 1.46
- Min
- 0.34
Valuation Metrics
| Metric | KEP | NGG |
|---|---|---|
| P/E Ratio (TTM) | 2.66 | 15.54 |
| P/S Ratio (TTM) | 0.00 | 4.46 |
| P/B Ratio (MRQ) | 0.38 | 9.36 |
| Free Cash Flow Yield (TTM) | 4,799.31% | -5.94% |