Edison International (EIX) vs Korea Electric Power Corporation (KEP)

Edison International and Korea Electric Power Corporation are both Utilities Regulated Electric companies. Edison International is the larger, with a market value of $23.4B against $14.3B — 1.6× the size. Korea Electric Power Corporation trades at the lower P/E: 2.6× against 6.5×. Korea Electric Power Corporation grew revenue faster over the last twelve months: 5.51% against 2.60%. Edison International has the higher net margin (19.6% vs 8.11%) and the lower return on invested capital (6.06% vs 6.40%). Only Edison International pays a dividend (5.75%). Across the 22 metrics below, Korea Electric Power Corporation leads on 13 and Edison International on 9.

Valuation

Metric EIX KEP Utilities Regulated Electric median
P/E 6.46 2.59 19.45
P/S 1.27 0.21 2.78
P/B 1.21 0.39 1.82
Price to free cash flow n/m 10.43 45.34
EV/EBITDA 6.93 3.60 12.40
EV/Sales 3.50 0.99 4.95
Earnings yield 15.49% 38.61% 5.12%
Free cash flow yield (0.56%) 9.59% (5.93%)

Profitability

Metric EIX KEP Utilities Regulated Electric median
Gross margin 74.02% 15.38% 62.00%
Operating margin 31.78% 13.48% 21.72%
Net margin 19.60% 8.11% 13.45%
Free cash flow margin (0.71%) 2.02% (11.71%)
Return on equity 19.63% 16.42% 9.94%
Return on assets 3.88% 3.06% 2.85%
Return on invested capital 6.06% 6.40% 3.95%

Growth

Metric EIX KEP Utilities Regulated Electric median
Revenue growth (TTM) 2.60% 5.51% 7.78%
EPS growth (last fiscal year) 248.94% 135.18% 6.01%
Revenue growth, 5-year CAGR 7.31% 7.84% 6.72%
Net income growth, 5-year CAGR 43.26% 30.29% 6.50%

Health

Metric EIX KEP Utilities Regulated Electric median
Debt to equity 2.14 1.60 1.54
Current ratio 0.77 0.44 0.88
Net debt to EBITDA 3.84 2.79 5.27

Dividend

Metric EIX KEP Utilities Regulated Electric median
Dividend yield 5.75% 0.00% 3.16%
Payout ratio 0.37 0.00 0.63

Size

Metric EIX KEP Utilities Regulated Electric median
Market cap 23.43b 14.25b 26.54b

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