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SK Group's maker of wet-process lithium-ion battery separators for EV and energy-storage batteries, exported worldwide.
SK Group's maker of wet-process lithium-ion battery separators for EV and energy-storage batteries, exported worldwide.
Sells separators, the thin porous film that keeps battery electrodes apart, to cell makers under supply deals, with factories in Korea, China and Poland placing output near customers' plants and heavy plant investment ahead of demand. It was separated from SK Innovation, which remains its controlling shareholder.
Moat: narrow (process know-how, IP / patents). Wet-separator coating technology is difficult to replicate at battery-grade quality and yield.
Headquarters: Seoul, South Korea · Founded: 2019 · Employees: 319
Size SK ie technology (361610.KS) is a South Korea Information Technology company (Chemicals: Major Diversified) with a market value of $758M, the 274th largest of 495 South Korea companies the cockpit tracks. Shares closed at ₩12,580 on 6 Nov 2026.
Performance Over six months the shares fell 52.4%, against -34.8% for the median peer and -24.5% for the South Korea market (cap-weighted) — 5th lowest of 20 in its peer set.
Growth Revenue fell 43.2% over the last twelve months (peer median +20.6%); the operating margin is -157.2% (peer median 12.7%).
Valuation It trades at 6.5× enterprise value to sales against a peer median of 3.2× (7th most expensive of 20).
Capital Return on invested capital runs 12.9 points below its cost of capital (5.9% WACC).
Next results Next results expected around 4 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₩159B | ₩262B | ₩218B | ₩648B | ₩586B |
| Revenue growth | — | +20% | -66% | +11% | — |
| Gross profit | n/a | -₩152B | -₩168B | ₩151B | ₩52.5B |
| EBITDA | n/a | -₩107B | -₩136B | ₩205B | ₩104B |
| Net income | -₩1.65T | -₩211B | -₩247B | ₩82.2B | -₩29.7B |
| Free cash flow | n/a | -₩155B | -₩401B | -₩374B | -₩734B |
| Capital expenditure | n/a | ₩121B | ₩314B | ₩503B | ₩755B |
| Total debt | n/a | ₩1.69T | ₩1.71T | ₩1.42T | ₩1.03T |
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 | EV / Sales | Req g |
|---|---|---|---|---|---|---|
| SK ie technology 361610.KS | $758M | -52% | -43% | -157% | 6.5× | n/a |
| Asahi Kasei 3407.T | $12.6B | -3% | +4% | 8% | 0.9× | 1.9% |
| Toray Industries 3402.T | $11.1B | +6% | +6% | 6% | 0.9× | 5.5% |
| Shenzhen Senior Technology Material 300568.SZ | $2.80B | -23% | +45% | 10% | 5.3× | n/a |
Peer set: Sector in the same market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 361610.KS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -31.2% | -38.9% | 7th highest of 20 |
| 6-month return | -52.4% | -34.8% | 5th lowest of 20 |
| Distance from 52-week high | -63.5% | -60.6% | 7th lowest of 20 |
| Revenue growth (TTM) | -43.2% | +20.6% | lowest of 21 |
| Operating margin | -157.2% | 12.7% | 2nd lowest of 21 |
| EV / Sales | 6.5× | 3.2× | 7th most expensive of 20 |
| ROIC minus cost of capital | -12.9 pp | -1.8 pp | 4th lowest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| SK ie technology 361610.KS | South Korea | $758M | -52% | -43% | -157% | 6.5× | n/a | n/a |
| Kctech 281820.KS | South Korea | $770M | -14% | +19% | 20% | 2.1× | 2.8% | +3.7% |
| Techwing 089030.KS | South Korea | $737M | -51% | +4% | 18% | 6.9× | n/a | n/a |
| SFA Semicon 036540.KS | South Korea | $728M | -27% | +37% | -4% | 2.2× | n/a | n/a |
| Cosmo AM&T 005070.KS | South Korea | $789M | -45% | +8% | 2% | 2.0× | 29.5% | +17.4% |
| Hd Hyundai Energy Solutions 322000.KS | South Korea | $714M | -63% | +39% | 16% | 1.5× | 3.2% | +4.5% |
| RFHIC 218410.KS | South Korea | $697M | -61% | +46% | 19% | 4.3× | 16.1% | +21.4% |
| AhnLab 053800.KS | South Korea | $696M | +57% | +10% | 13% | 3.2× | 4.5% | +8.5% |
| Lunit 328130.KS | South Korea | $846M | -25% | +24% | -76% | 11.7× | n/a | n/a |
| JNTC 204270.KS | South Korea | $663M | -18% | -13% | -47% | 7.0× | n/a | n/a |
| KoMiCo 183300.KS | South Korea | $621M | +14% | +22% | 15% | 2.3× | n/a | n/a |
| Kakao Games 293490.KS | South Korea | $962M | +3% | -21% | -27% | 4.0× | n/a | n/a |
| Park Systems 140860.KS | South Korea | $965M | -35% | -6% | 12% | 6.5× | n/a | n/a |
| Samwha Capacitor 001820.KS | South Korea | $590M | +16% | +1% | 5% | 2.4× | 39.1% | +4.0% |
| TES 095610.KS | South Korea | $982M | -7% | +33% | 17% | 2.9× | 14.5% | +7.4% |
| GigaVis 420770.KS | South Korea | $583M | -40% | +176% | 26% | 10.1× | 34.7% | -5.1% |
| Koh Young Technology 098460.KS | South Korea | $987M | -49% | +57% | 15% | 4.0× | 20.5% | +5.3% |
| Curiox Biosystems 445680.KS | South Korea | $577M | -55% | +37% | -245% | 134.2× | n/a | n/a |
| Elice 0158S0.KS | South Korea | $572M | n/a | +14% | 14% | n/a | n/a | n/a |
| Shinsung Delta Tech 065350.KS | South Korea | $572M | -51% | +10% | 3% | 1.2× | n/a | n/a |
| YC Corporation 232140.KS | South Korea | $558M | -57% | +26% | 11% | 3.1× | 17.9% | +9.7% |