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← CockpitCompetitor Analysis › 002960.KS Hankook Shell Oil Co., LtdOpen in the cockpit ↗

Hankook Shell Oil Co., Ltd002960.KSCompetitor analysis, valuation and peers

South Korea · KRW·Energy›Integrated Oil
Momentum leader 86
Mkt cap
$500M
US dollars, full cap
Free float
40%
of shares outstanding
$/day
$774,076
20-day average traded
Fwd P/E
17.1×
forward earnings
ROIC−WACC
+38.5 pp
WACC 5.5%
Hurdle
-21 pp
Req g minus delivered
Next earnings
6 days
12 Nov 2026
Close · KRW₩522,000
1D+2.1%
1W+0.8%
1M-3.5%
3M+4.5%
6M+2.5%
YTD+15.9%
1Y+19.2%
ATR %3.1%
52w lowhigh15.8% off high

What Hankook Shell Oil does

Employees: 119

Hankook Shell Oil at a glance

Size Hankook Shell Oil (002960.KS) is a South Korea Energy company (Integrated Oil) with a market value of $500M, the 332nd largest of 495 South Korea companies the cockpit tracks. Shares closed at ₩522,000 on 6 Nov 2026.

Performance Over six months the shares gained 2.5%, against -13.9% for the median peer and -24.5% for the South Korea market (cap-weighted) — 8th highest of 21 in its peer set.

Growth Revenue grew 4.1% over the last twelve months (peer median +23.2%); the operating margin is 15.8% (peer median 23.1%).

Valuation It trades at 17.1× forward earnings against a peer median of 7.9× (3rd most expensive of 15).

Price implies For today's price to make sense, revenue must grow about -10% a year for seven years (Req g). Recent delivered growth is +11%, so the hurdle is -21 pp: the price already allows for a slowdown.

Capital Return on invested capital runs 38.5 points above its cost of capital (5.5% WACC).

Next results Next results expected around 12 Nov 2026 (exchange calendar; dates can move).

Relative performance

9010011011 May 202611 Aug 20266 Nov 2026002960.KS 105Peer median 88
Six months, rebased to 100: Hankook Shell Oil against the median of its 20 peers (local-currency closes).

Hankook Shell Oil financials

Reported figures in KRW; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue₩351B₩345B₩327B₩320B₩302B
Revenue growth—+5%+2%+6%—
Gross profit₩111B₩108B₩102B₩99.2B₩85.6B
EBITDA₩59.6B₩56.5B₩48.7B₩44.7B₩38.2B
Net income₩51.2B₩48.2B₩36.7B₩37.4B₩26.7B
Free cash flow₩24.8B₩39.1B₩28.0B₩40.1B₩12.8B
Capital expenditure₩10.8B₩12.2B₩5.98B₩3.22B₩2.59B
Total debt₩4.42B₩4.19B₩1.09B₩653M₩879M

Quarterly statements and history in the cockpit →

Hankook Shell Oil competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-40%-20%0%+20%-20%0%OKEA1205PENDR0SOCIPOLGNTXOANTELOPUSFTWINRCEI1907REPXSOIL000968TBN300191300483EC002960.KS6-month return →1-month return →
Up and to the right = strong over both horizons. Hankook Shell Oil is the large dot.

Fundamentals: revenue growth against valuation

0%+200%+400%0×20×40×OKEAPENDR0IPOLGNTXOINRCEI1907SOIL300483002960.KSRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Hankook Shell Oil is the large dot.

Capital: growth delivered against growth the price implies

0%+50%+100%+150%0%50%100%150%IPOTXOREPXSOIL000968300483002960.KSGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. Hankook Shell Oil is the large dot.

Hankook Shell Oil competitors and peer comparison

How Hankook Shell Oil compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Hankook Shell Oil against its 20 peers (data as of 6 Nov 2026)
Measure002960.KSPeer medianRank in peer set
1-month return-3.5%-7.6%9th highest of 21
6-month return+2.5%-13.9%8th highest of 21
Distance from 52-week high-15.8%-30.3%5th highest of 21
Revenue growth (TTM)+4.1%+23.2%8th lowest of 18
Operating margin15.8%23.1%7th lowest of 19
Forward P/E17.1×7.9×3rd most expensive of 15
Growth the price implies (Req g, 7 yrs)-10.0%-8.7%4th least demanding of 8
Growth delivered (Del g)+11.5%+36.9%3rd lowest of 8
Hurdle (Req g minus delivered)-21.4 pp-36.2 pp3rd most demanding of 8
ROIC minus cost of capital+38.5 pp+2.3 pphighest of 19
EV / EBITDA10.9×4.4×4th most expensive of 15
Net debt / EBITDA-0.5×1.0×3rd least indebted of 15

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Hankook Shell Oil 002960.KSSouth Korea$500M+3%+4%16%17.1×-10.0%+11.5%
Okea OKEA.OLNorway$513M+19%+2%36%4.8×n/an/a
CITIC Resources 1205.HKHong Kong$481M-13%-29%4%n/an/an/a
Panoro Energy PEN.OLNorway$441M-16%-23%16%11.1×n/an/a
Deutsche Rohstoff DR0.DEGermany$427M-18%-6%23%1.5×n/an/a
Sable Offshore SOCUnited States$370M-85%n/a-293%3.1×n/an/a
InPlay Oil IPO.TOCanada$346M+3%+79%12%8.8×9.0%+45.2%
Logan Energy LGN.VCanada$726M+61%+64%28%9.3×n/an/a
TXO Partners, L.P TXOUnited States$728M+7%+50%23%6.9×-13.3%+36.9%
Antelopus Selan Energy ANTELOPUS.NSIndia$333M+33%+83%56%n/an/an/a
Presidio Production FTWUnited States$321M-7%n/an/a8,050.5×n/an/a
Infinity Natural Resources INRUnited States$811M-17%+75%44%4.5×n/an/a
Coelacanth Energy CEI.VCanada$299M-20%+409%18%44.0×n/an/a
China Risun 1907.HKHong Kong$841M-45%-2%3%9.0×n/an/a
Riley Exploration Permian REPXUnited States$913M+24%+23%39%4.2×-7.1%+164.3%
Saturn Oil & Gas SOIL.TOCanada$941M+13%+6%28%3.0×-13.8%+161.8%
Shanxi Blue Flame 000968.SZChina$961M-28%-1%14%n/a-6.8%+7.9%
Tamboran Resources TBNUnited States$1.01B-19%n/an/an/an/an/a
Sino Geophysical 300191.SZChina$1.10B-47%+136%14%n/an/an/a
Sino Prima Gas Technology 300483.SZChina$1.11B-15%+40%24%12.5×-8.7%+13.3%
Totalenergies EP Gabon EC.PAFrance$1.14B-5%-13%25%n/a-10.7%-0.6%

Questions

Which companies are Hankook Shell Oil's closest peers?
The cockpit's peer set: Okea (OKEA.OL), CITIC Resources (1205.HK), Panoro Energy (PEN.OL), Deutsche Rohstoff (DR0.DE), Sable Offshore (SOC), InPlay Oil (IPO.TO), Logan Energy (LGN.V), TXO Partners, L.P (TXO).
Is Hankook Shell Oil expensive compared with its peers?
On forward p/e it trades at 17.1× against a peer median of 7.9×, 3rd most expensive of 15 in its peer set. For today's price to make sense, revenue must grow about -10% a year for seven years (Req g). Recent delivered growth is +11%, so the hurdle is -21 pp: the price already allows for a slowdown.
How has Hankook Shell Oil stock performed?
Over six months to 6 Nov 2026 the shares returned +2.5% against -13.9% for the median peer; over one year +19.2%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.