1. South Korea Stocks

  2. •

    Utilities

  3. •

    Regulated Electric
Korea District Heating Corp.

Korea District Heating Corp.

071320.KS
Korea District Heating Corp.KR flagKorea Exchange
66,300.00
KRW
-1,100.00
- -
767.67BMarket Cap
Korea District Heating Corp.
071320.KS
(Korea Exchange)

Recent

price

66,300.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
134,717.73
184,300.98
242,641.21
248,610.67
218,145.49
172,902.91
148,535.28
158,429.24
214,821.39
204,485.36
171,224.95
165,384.16
370,992.96
327,313.09
286,247.24
331,548.21
332,977.69
Revenue per Share
8,461
270.97
12,711
9,930.86
6,105
10,003
10,943
6,035
-19,564
-2,209
2,279
1,399
-16,347
16,508
16,850
28,102
27,784.71
Basic EPS, GAAP
-48,780.23
-25,867.55
-3,868.13
8,131.24
6,051.87
-6,637.42
-18,651.15
-20,022.79
-1,657.66
-18,186.28
-3,819.3
-6,676.93
-45,186.25
-64,780.97
-18,702.75
28,482.21
37,438.86
Free Cash Flow per Basic Share
324.3
1,250
349.99
3,750
3,187.81
2,110.06
3,619.97
3,799.98
2,820.04
- -
141.64
1,181.22
1,437.84
889.13
1,571.02
5,179.8
5,244.78
Dividend per Share
86,359.16
109,739.78
121,942.87
128,495.35
139,989.67
138,873.94
146,078.77
148,211.63
75,841.89
73,268.29
117,692.58
94,912.23
114,464.24
122,012.55
132,907.08
160,958.38
179,954.23
Book Value per Share
94,625.77
116,289.77
126,590.41
133,569.79
147,676.06
145,855.35
151,952.09
151,127.42
127,921.37
125,045.79
140,432.26
113,639.67
141,362.88
167,513.13
176,900.67
186,333.16
206,671.29
Tangible Book Value per Share
11
12
12
12
11
12
12
12
12
12
12
15
11
12
12
12
12
Basic Weighted Avg Shares
1,533,134
2,133,974
2,809,567
2,878,599
2,369,115
2,001,946
1,719,867
1,834,422
2,487,331
2,367,906
2,098,906
2,536,798
4,173,027
3,953,698
3,570,310
3,998,187
3,855,463
Sales/Revenue/Turnover
8.53
3.56
8.67
7.98
3.61
10.49
9.4
6.53
0.58
1.79
6.33
1.59
-9.67
8.01
9.19
13.25
13.65
Operating Margin (%)
114,929
162,115
200,607
218,032
205,537
183,907
187,425
200,887
228,066
237,158
251,750
265,408
285,876
313,531
335,448
367,678
371,239
Depreciation Expense
96,289
3,138
147,182
114,987
66,302
115,819
126,707
69,878
-226,524
-25,580
27,936
21,459
-183,875
199,404
210,167
338,886
321,712
Net Income, GAAP
6.89
- -
11.73
15.72
53.65
19.08
9.07
16.4
- -
- -
- -
26.31
- -
14.22
19.5
22.8
26.05
Effective Tax Rate (%)
6.28
0.15
5.24
3.99
2.8
5.79
7.37
3.81
-9.11
-1.08
1.33
0.85
-4.41
5.04
5.89
8.48
8.34
Profit Margin (%)
-118,105
-107,730
-168,116
-179,123
-121,734
-460,456
-309,566
-359,759
-317,079
-324,530
-337,032
-803,141
-876,599
-1,128,651
-641,538
-918,722
-813,866
Working Capital
1,904,644
2,283,939
2,184,387
2,189,160
1,854,510
1,610,780
1,919,517
2,158,943
2,308,898
2,550,699
2,420,113
2,194,783
2,781,790
2,792,968
3,350,672
2,996,685
2,708,726
LT Debt
1,101,812
1,380,337
1,523,131
1,600,531
1,633,131
1,721,654
1,805,003
1,829,733
1,560,152
1,529,394
1,803,735
1,823,179
1,667,003
2,093,244
2,268,249
2,301,416
2,447,514
Total Equity
3.78
- -
5.35
4.68
1
4.39
3.6
2.29
- -
- -
- -
0.62
- -
4.75
4.12
6.19
5.92
Return on Invested Capital (%)
5
- -
6
4.77
2.58
4.48
4.47
2.53
- -
- -
- -
1.36
- -
5.26
5
6.98
6.73
Return on Capital (%)
10.36
0.28
10.97
7.93
4.41
7.4
7.68
4.1
-17.46
-2.96
2.44
1.48
-13.41
14.44
13.42
18.83
16.39
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
1,498,900
1,309,076
1,194,350
LT Borrowings
2,555,602
2,894,645
2,615,002
LT Finance Leases
100,013
102,040
93,724
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
12
12
12
Market Capitalization
1,051,271
1,122,287
835,985

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
498,716
960,440
1,147,183
Cash, Cash Equivalents & STI
34,948
17,236
32,119
Accounts Receivable, Net
295,658
651,226
657,425
Inventories
17,548
10,469
12,673
Total Current Liabilities
1,978,129
1,879,162
1,961,049
Payables & Accruals
- -
- -
- -
ST Debt
1,498,900
1,309,076
1,194,350
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
3.54%
5.58%
1.46%
Free Cash Flow
126.77%
50.31%
-247.24%
Net Income, GAAP
-187.94%
-224.37%
61.25%
Sales/Revenue/Turnover
9.44%
16.48%
11.98%
Total Cash Common Dividend
- -
240.09%
218.78%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,374,588
532,347
585,081
1,078,293
3,570,310
2025
1,576,835
623,079
758,200
1,040,072
3,998,187
2026
1,434,112
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
11,978
-3,054
2,486
- -
16,850
2025
19,840
-1,862.8
4,233.71
- -
28,102
2026
18,681.82
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
411.9
473.57
374.13
- -
1,571.02
2025
416.28
4,302.06
396.46
- -
5,179.8
2026
273.17
- -
- -
- -
- -
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Business
Korea District Heating Corporation, established in 1985, operates as a prominent utility in South Korea, primarily focusing on district energy solutions. The company delivers heating and cooling services to various residential, commercial, and industrial zones. Beyond these core offerings, it actively engages in the power generation sector, utilizing combined heat and power facilities and integrating diverse new and renewable energy sources, including solar, wind, biomass, and waste-derived energy. Korea District Heating Corporation also extends its expertise to encompass the monitoring, diagnostic, and maintenance aspects of heat transfer infrastructure. Additionally, it undertakes engineering and project development for district heating systems, both domestically and through international consulting endeavors. Recently, the company reported strong third-quarter results for 2025, significantly surpassing market forecasts with substantial growth in both revenue and operating profit, which positively impacted its stock performance. Recognized as a major global provider of district energy, the corporation is dedicated to enhancing energy efficiency and contributing to environmental improvement.