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SK034730.KSCompetitor analysis, valuation and peers

South Korea · KRW·Industrials›Financial Conglomerates

Top holding company of SK Group, holding stakes in SK Innovation, SK Telecom, SKC, SK Square and other affiliates, plus an IT-services subsidiary.

≈ A diversified Korean conglomerate holding company atop energy, telecom, chemicals and chipMomentum strong 68
Mkt cap
$17.9B
US dollars, full cap
Free float
50%
of shares outstanding
$/day
$65.1M
20-day average traded
Fwd P/E
2.2×
forward earnings
ROIC−WACC
-2.3 pp
WACC 5.8%
Hurdle
n/a
no reverse DCF
Next earnings
10 days
16 Nov 2026
Close · KRW₩445,000
1D-7.8%
1W-11.5%
1M-23.3%
3M-14.1%
6M+4.7%
YTD+77.0%
1Y+82.7%
ATR %8.7%
52w lowhigh49.6% off high

What SK does

Top holding company of SK Group, holding stakes in SK Innovation, SK Telecom, SKC, SK Square and other affiliates, plus an IT-services subsidiary.

As a holding company it earns dividends and brand-licence fees from affiliates, profit from its own IT-services arm, and gains from buying and selling stakes, so results follow its listed holdings. Chairman Chey Tae-won is the largest shareholder. In 2024 the group began consolidating affiliates, including merging SK Innovation with its energy unit SK E&S.

In one line: A diversified Korean conglomerate holding company atop energy, telecom, chemicals and chip.

Products and services

  • SK Innovation (energy/battery) stake
  • SK Telecom stake
  • SKC stake
  • SK Inc C&C (IT/system integration)

Customers

  • SK group affiliates (IT services)

Where it sits in the supply chain

  • Conglomerate holding
  • Holding company + IT services
  • Stakes in energy, telecom, materials…

What could go right

  • Performance of SK hynix (via SK Square), SK Innovation, SK Telecom

What could go wrong

  • Holding-company discount
  • Group restructuring/governance complexity

Moat: none (scale). Value derives from underlying group companies; the holding-company structure itself has no product moat.

Headquarters: Seoul, South Korea · Founded: 1953 · Employees: 4,419

Named competitors

SK at a glance

Size SK (034730.KS) is a South Korea Industrials company (Financial Conglomerates) with a market value of $17.9B, the 21st largest of 495 South Korea companies the cockpit tracks. Shares closed at ₩445,000 on 6 Nov 2026.

Performance Over six months the shares gained 4.7%, against -51.7% for the median peer and -24.5% for the South Korea market (cap-weighted) — 4th highest of 21 in its peer set.

Growth Revenue grew 14.7% over the last twelve months (peer median +19.9%); the operating margin is 6.7% (peer median 9.3%).

Valuation It trades at 2.2× forward earnings against a peer median of 16.6× (cheapest of 21).

Capital Return on invested capital runs 2.3 points below its cost of capital (5.8% WACC).

Next results Next results expected around 16 Nov 2026 (exchange calendar; dates can move).

Relative performance

5010015011 May 202611 Aug 20266 Nov 2026034730.KS 94Peer median 48
Six months, rebased to 100: SK against the median of its 20 peers (local-currency closes).

SK financials

Reported figures in KRW; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue₩140T₩123T₩123T₩129T₩132T
Revenue growth—-1%-4%-2%—
Gross profit₩17.1T₩8.58T₩9.51T₩11.2T₩14.7T
EBITDA₩17.4T₩9.39T₩10.5T₩13.1T₩17.0T
Net income₩8.73T-₩511B-₩1.45T-₩777B₩456B
Free cash flow-₩185B-₩3.49T-₩7.35T-₩7.56T-₩6.32T
Capital expenditure₩8.75T₩10.1T₩15.9T₩19.5T₩14.6T
Total debt₩77.1T₩77.1T₩88.1T₩84.2T₩80.0T

Quarterly statements and history in the cockpit →

SK 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

-60%-40%-20%0%+20%-40%-20%0%329180011200034020012450010120009540006400086280298040003670028260010140267260028050003490000150034730.KS6-month return →1-month return →
Up and to the right = strong over both horizons. SK is the large dot.

Fundamentals: revenue growth against valuation

0%+20%+40%0×100×200×300×329180011200034020012450010120009540006400086280298040042660003670010140003490047810272210247540034730.KSRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. SK is the large dot.

SK competitors and peer comparison

Head to head with its named competitors (034730.KS vs 003550.KS vs 028260.KS vs 000880.KS)
CompanyMarket cap6M returnRevenue growthOp. marginForward P/EReq g
SK 034730.KS$17.9B+5%+15%7%2.2×n/a
LG Corp. 003550.KS$9.77B-9%+3%11%10.9×6.6%
Samsung C&t 028260.KS$31.3B-8%+14%8%15.0×5.9%
Hanwha 000880.KS$2.86B-30%+35%6%4.5×n/a

How SK compares with its peers

Peer set: Sector in the same market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

SK against its 20 peers (data as of 6 Nov 2026)
Measure034730.KSPeer medianRank in peer set
1-month return-23.3%-26.2%11th highest of 21
6-month return+4.7%-51.7%4th highest of 21
Distance from 52-week high-49.6%-57.1%7th highest of 21
Revenue growth (TTM)+14.7%+19.9%9th lowest of 21
Operating margin6.7%9.3%10th lowest of 21
Forward P/E2.2×16.6×cheapest of 21
ROIC minus cost of capital-2.3 pp+6.3 pp9th lowest of 21
EV / EBITDA8.9×8.4×2nd most expensive of 4
Net debt / EBITDA2.9×2.6×2nd most indebted of 4

Peer table

Peer set: Sector in the same market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
SK 034730.KSSouth Korea$17.9B+5%+15%7%2.2×n/an/a
Hd Hyundai Heavy Industries 329180.KSSouth Korea$20.3B-62%+41%15%9.5×-7.0%+16.2%
HMM 011200.KSSouth Korea$15.3B+8%-5%11%9.7×-1.8%+11.2%
Doosan Enerbility 034020.KSSouth Korea$21.1B-65%+9%5%82.3×22.7%+13.2%
Hanwha Aerospace 012450.KSSouth Korea$25.0B-53%+28%11%17.2×-7.0%+38.1%
Ls Electric 010120.KSSouth Korea$12.8B-58%+32%10%31.6×21.9%+15.6%
Hdksoe 009540.KSSouth Korea$12.5B-48%+23%23%4.4×n/an/a
Samsung Sdi 006400.KSSouth Korea$26.8B-33%+21%0%45.9×n/an/a
Hyundaiglovis 086280.KSSouth Korea$10.9B-13%+12%6%8.7×-10.8%+12.3%
Hyosung Heavy 298040.KSSouth Korea$10.8B-60%+13%13%18.9×13.5%+14.9%
Hanwha Ocean 042660.KSSouth Korea$10.7B-64%+18%13%8.7×-12.4%+13.2%
Posco Future M 003670.KSSouth Korea$10.6B-36%-9%2%282.1×n/an/a
Samsung C&t 028260.KSSouth Korea$31.3B-8%+14%8%15.0×5.9%+6.2%
SamsungHvyInd 010140.KSSouth Korea$10.2B-50%+30%27%13.3×-20.3%+11.4%
Hd Hyundai Electric 267260.KSSouth Korea$9.71B-71%+21%25%15.0×0.7%+17.6%
SamsungE&A 028050.KSSouth Korea$8.73B+14%+19%11%13.6×-2.1%+6.1%
KAL 003490.KSSouth Korea$7.99B+20%+21%2%21.1×n/an/a
Korea Aerospace 047810.KSSouth Korea$7.37B-39%+44%6%45.4×n/an/a
Doosan 000150.KSSouth Korea$7.10B-60%+11%6%16.1×15.0%+11.6%
Hanwha Systems 272210.KSSouth Korea$6.93B-57%+30%6%82.5×n/an/a
Ecopro BM 247540.KSSouth Korea$6.53B-60%-4%6%965.8×n/an/a

Questions

Who are SK's main competitors?
Named competitors: LG Corp (003550.KS), Samsung C&T (028260.KS), Hanwha (000880.KS). The cockpit's measured peer set (sector in the same market, nearest in size) also includes Hd Hyundai Heavy Industries (329180.KS), HMM (011200.KS), Doosan Enerbility (034020.KS), Hanwha Aerospace (012450.KS), Ls Electric (010120.KS), Hdksoe (009540.KS).
Is SK expensive compared with its peers?
On forward p/e it trades at 2.2× against a peer median of 16.6×, cheapest of 21 in its peer set.
How has SK stock performed?
Over six months to 6 Nov 2026 the shares returned +4.7% against -51.7% for the median peer; over one year +82.7%.

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.