Company Valuation: SK Innovation Co., Ltd.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 20,029,130 13,438,546 11,930,459 16,616,391 16,877,215 21,655,140 - -
Change - -32.9% -11.22% 39.28% 1.57% 28.31% - -
Enterprise Value (EV) 1 32,517 24,956 24,757 39,836 30,754 53,422 53,293 46,070
Change - -23.25% -0.8% 60.91% -22.8% 73.71% -0.24% -13.55%
P/E ratio 64.6x 8.32x 50x -5.2x -4.71x 41x 17.8x 16.9x
PBR 1.15x 0.67x 0.64x 0.69x 0.77x 0.92x 0.88x 0.99x
PEG - 0x -0.6x 0x 26.01x -0x 0x 2.93x
Capitalization / Revenue 0.43x 0.17x 0.15x 0.22x 0.21x 0.27x 0.26x 0.26x
EV / Revenue 0.69x 0.32x 0.32x 0.53x 0.38x 0.67x 0.65x 0.55x
EV / EBITDA 9.92x 4.37x 6.29x 14.4x 8.35x 10x 8.56x 7.08x
EV / EBIT 18.4x 6.24x 13x 126x 68.6x 26.1x 18.8x 14.6x
EV / FCF -8.86x -3.75x -4.22x -5.11x -9.97x 4,714x 67.5x 85.6x
FCF Yield -11.3% -26.7% -23.7% -19.6% -10% 0.02% 1.48% 1.17%
Dividend per Share 3 2,426 5,840 - 2,000 - 2,373 2,321 2,250
Rate of return 1.05% 3.79% - 1.79% - 1.83% 1.79% 1.74%
EPS 3 3,569 18,511 2,807 -21,541 -21,502 3,157 7,258 7,676
Distribution rate 68% 31.5% - -9.28% - 75.2% 32% 29.3%
Net sales 1 46,843 78,057 77,288 74,717 80,296 79,858 82,475 83,697
EBITDA 1 3,279 5,710 3,934 2,770 3,684 5,335 6,226 6,505
EBIT 1 1,766 3,999 1,904 315.5 448.1 2,048 2,838 3,148
Net income 1 312.9 1,664 248.6 -2,293 -3,216 468.5 1,088 1,275
Net Debt 1 12,488 11,517 12,827 23,219 13,877 31,767 31,638 24,415
Reference price 3 230,667.96 154,000.00 140,300.00 112,000.00 101,200.00 129,400.00 129,400.00 129,400.00
Nbr of stocks (in thousands) 87,316 87,750 85,470 148,744 167,111 167,828 - -
Announcement Date 28/01/22 06/02/23 05/02/24 06/02/25 28/01/26 - - -
1KRW in Million2KRW in Billions3KRW
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
40.98x0.67x10.01x1.83% 14.82B
13.96x1.65x7.16x2.83% 609B
22.14x2.06x11.26x0.44% 200B
9.07x0.64x3.24x4.67% 113B
10.26x0.3x4.68x6.87% 93.08B
10.81x1.88x5.03x2.9% 72.66B
9.4x0.57x6.81x2.16% 66.86B
8.54x0.66x5.97x1.89% 62.93B
10.51x0.51x7.63x3.2% 62.7B
15.71x1.44x8.69x2% 59.09B
Average 15.14x 1.04x 7.05x 2.88% 135.32B
Weighted average by Cap. 14.07x 1.37x 7.20x 2.8%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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