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SK Group's energy holding company spanning oil refining, petrochemicals, lubricants and, via SK On, EV batteries.
SK Group's energy holding company spanning oil refining, petrochemicals, lubricants and, via SK On, EV batteries.
Refining earns the gap between crude cost and fuel prices. The battery unit SK On, spun out in 2021, signs supply contracts with automakers and builds plants, often in joint ventures abroad. In 2024 the company agreed to combine with sister firm SK E&S, which adds LNG and power.
In one line: Korea's Marathon Petroleum, with an EV-battery arm bolted on..
Moat: narrow (scale, process know-how). Large refining scale and an early-mover EV battery unit, though the battery unit remains unprofitable and refining is commoditized.
Headquarters: Seoul, South Korea · Founded: 1962 · Employees: 2,064
Size SK Innovation (096770.KS) is a South Korea Energy company (Oil Refining/Marketing) with a market value of $13.4B, the 31st largest of 495 South Korea companies the cockpit tracks. Shares closed at ₩109,400 on 6 Nov 2026.
Performance Over six months the shares fell 25.2%, against +0.8% for the median peer and -24.5% for the South Korea market (cap-weighted) — 2nd lowest of 19 in its peer set.
Growth Revenue grew 26.2% over the last twelve months (peer median +15.2%); the operating margin is 9.4% (peer median 7.4%).
Valuation It trades at 4.5× forward earnings against a peer median of 6.9× (5th cheapest of 18).
Capital Return on invested capital runs 14.3 points above its cost of capital (5.3% WACC).
Next results Next results expected around 9 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₩101T | ₩80.3T | ₩74.3T | ₩77.3T | ₩78.1T |
| Revenue growth | — | +8% | -4% | -1% | — |
| Gross profit | n/a | ₩3.77T | ₩3.60T | ₩4.68T | ₩6.71T |
| EBITDA | n/a | ₩2.97T | ₩2.52T | ₩3.32T | ₩5.71T |
| Net income | ₩1.58T | -₩3.35T | -₩2.26T | ₩256B | ₩1.57T |
| Free cash flow | n/a | -₩3.00T | -₩7.82T | -₩6.00T | -₩6.22T |
| Capital expenditure | n/a | ₩5.65T | ₩10.2T | ₩11.5T | ₩6.89T |
| Total debt | n/a | ₩41.9T | ₩47.3T | ₩30.5T | ₩27.2T |
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.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| SK Innovation 096770.KS | $13.4B | -25% | +26% | 9% | 4.5× | n/a |
| S-Oil 010950.KS | $9.00B | -21% | +19% | 10% | 3.5× | n/a |
| LG Energy Solution 373220.KS | $58.2B | -27% | +25% | 1% | n/a | n/a |
| Samsung Sdi 006400.KS | $26.8B | -33% | +21% | 0% | 45.9× | n/a |
| Panasonic 6752.T | $44.5B | -6% | +4% | 8% | 13.5× | 9.8% |
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.
| Measure | 096770.KS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -31.4% | -17.8% | 3rd lowest of 19 |
| 6-month return | -25.2% | +0.8% | 2nd lowest of 19 |
| Distance from 52-week high | -33.9% | -24.9% | 4th lowest of 19 |
| Revenue growth (TTM) | +26.2% | +15.2% | 5th highest of 19 |
| Operating margin | 9.4% | 7.4% | 9th highest of 19 |
| Forward P/E | 4.5× | 6.9× | 5th cheapest of 18 |
| ROIC minus cost of capital | +14.3 pp | +9.2 pp | 6th highest of 19 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| SK Innovation 096770.KS | South Korea | $13.4B | -25% | +26% | 9% | 4.5× | n/a | n/a |
| Bharat Petroleum BPCL.NS | India | $14.7B | +4% | +22% | 3% | 23.1× | 5.7% | +14.5% |
| HF Sinclair DINO | United States | $16.7B | +34% | +29% | 14% | 5.0× | -20.0% | +19.1% |
| Idemitsu Kosan 5019.T | Japan | $9.54B | -9% | -3% | 6% | 7.1× | -12.8% | +12.2% |
| Eneos 5020.T | Japan | $19.8B | -11% | +2% | 7% | 6.7× | -10.6% | +9.0% |
| S-Oil 010950.KS | South Korea | $9.00B | -21% | +19% | 10% | 3.5× | n/a | n/a |
| Hindustan Petroleum HINDPETRO.NS | India | $8.67B | -2% | +17% | 0% | n/a | 24.7% | +13.6% |
| PBF Energy PBF | United States | $8.16B | +65% | +32% | 8% | 2.6× | n/a | n/a |
| Neste NESTE.HE | Finland | $23.6B | -5% | +15% | 14% | 6.9× | -6.5% | +10.0% |
| Formosa Petrochemical Corporati 6505.TW | Taiwan | $24.7B | +58% | +2% | 10% | 10.4× | -7.7% | +8.6% |
| Ampol ALD.AX | Australia | $5.95B | +6% | +15% | 6% | 10.8× | -14.0% | +15.4% |
| ORLEN Spolka Akcyjna PKN.WA | Poland | $38.5B | -10% | +2% | 13% | 5.2× | -7.6% | +25.5% |
| Delek US DK | United States | $3.92B | +39% | +11% | 6% | 3.2× | -10.1% | +8.0% |
| CVR Energy CVI | United States | $3.83B | +14% | +34% | 11% | 5.2× | -17.9% | +12.8% |
| Sinopec Shanghai Petrochemical 600688.SS | China | $3.75B | -5% | -4% | 0% | 59.0× | n/a | n/a |
| Cosmo Energy 5021.T | Japan | $3.74B | -10% | 0% | 9% | 7.0× | -18.5% | +3.7% |
| Calumet CLMT | United States | $3.48B | +24% | +13% | 1% | 9.1× | 39.0% | +12.8% |
| Par Pacific PARR | United States | $3.41B | +6% | +29% | 13% | 3.4× | n/a | n/a |
| Icahn Enterprises L.P IEP | United States | $3.38B | -41% | +16% | -7% | 9.5× | n/a | n/a |