PerpEquities

SK Innovation Co., Ltd. (SKINNOV) financials

KSC · Energy · Oil & Gas Refining & Marketing · 2,064 employees · CEO Yong Jang

Price
₩131,400.00 +1.15%
Market cap
₩22.2T
Enterprise value
₩49.4T
Last report
Q3 '26 filed 2026-09-30
Next report
2027-02-09 EPS est. ₩7,903.04
Revenue (TTM)₩101T+26.2% vs a year agoLast 4 quarters; bars = each quarter
Operating margin (TTM)8.8%+8.5 pp vs a year agoOperating income ₩8.89T
Net income (TTM)₩1.58T+175.1% vs a year agoAfter tax, incl. non-operating gains
Free cash flow (TTM)–– vs a year agoCapex –
Diluted EPS (TTM)₩8,562.25+157.1% vs a year agoSum of the last 4 quarters
Net cash-₩26.8T+24.5% vs a year agoCash + short-term investments - debt

Valuation & key figures

Market cap
₩22.2T
EV ₩49.4T
Revenue
₩101T
Trailing 12 months
Revenue growth
+32%
FY2026 consensus
Profit margin
1.6%
Net income / revenue, TTM
P/E
14.9×
Forward 5.5× (FY2026)
P/S
0.2×
Price / sales, TTM
EV / EBITDA
4.8×
TTM
Free cash flow
–
Trailing 12 months
Net income
₩1.58T
Trailing 12 months
Revenue estimate
₩106T
FY2026 consensus
Earnings
2027-02-09
Revenue est. ₩25T
Dividend
–
No dividend

Key takeaways

Computed from the reported numbers - every statement carries the figure it rests on.

  • Last report (2026-10-29): revenue beat by 6.1%, EPS beat by 49.3%Revenue ₩28.8T vs ₩27.1T expected (+6.1%); EPS ₩8,204.67 vs ₩5,494.70 (+49.3%).
  • Revenue growth accelerating: 40.1% year on yearQ3 '26 revenue ₩28.8T, against an average of 20.3% over the four quarters before.
  • Operating margin 8.8% (TTM), +8.5 pp on a year agoOperating income grew 4,583.7% while revenue grew 26.2%.
  • 697.1% of pre-tax profit is eaten by non-operating lossesPre-tax income ₩1.12T vs operating income ₩8.89T (TTM). Losses on equity stakes and other one-off items cut net income and EPS - operating income is the cleaner measure of the business.
  • Diluted share count up 10.6% in a year174M diluted shares in Q3 '26, 157M a year earlier.
  • Net debt ₩26.8TCash + short-term investments ₩13.6T, debt incl. leases ₩40.4T; a year ago net debt ₩35.5T.

Last quarter: Q3 '26

Quarter ended 2026-09-30. Compared with the same quarter a year earlier and with the analyst consensus before the report.

Quarter vs a year ago

Q3 '26Year agoChange
Revenue₩28.8T₩20.5T+40.1%
Gross margin0.0%7.0%-7.0 pp
Operating income₩3.7T₩573B+545.9%
Operating margin12.9%2.8%+10.1 pp
Net income₩2.64T-₩108B+2,548.9%
Diluted EPS₩15,183.00-₩686.00+2,313.3%
Operating cash flow–₩2.17T–
Capex–₩1.64T–
Free cash flow–₩530B–
R&D₩0₩40.4B-100.0%
Stock-based compensation–₩0–

Reported vs consensus

2026-10-29
ActualConsensusvs consensus
Revenue₩28.8T₩27.1T+6.1%
EPS (as estimated)₩8,204.67₩5,494.70+49.3%

From the report of 2026-10-29 for Q3 '26: revenue and the EPS analysts estimate (often adjusted), so it can differ from the EPS of the statements above.

EPS vs consensus

last 8 reports

Revenue

Where the money comes from - by business line and by region, quarter by quarter.

Revenue, operating income and growth

quarterly

Margins & cost structure

How much of each unit of revenue is left at each level - and where the costs go.

Margins

quarterly

Costs as % of revenue

quarterly

Cash flow & capital allocation

Cash generated, what it is spent on, and what reaches shareholders.

Operating cash flow, capex, free cash flow

quarterly

Uses of cash vs operating cash flow

fiscal years

Last 4 quarters

cash flow statement
Free cash flow
–
Returned to shareholders / FCF
–

Share count and EPS

quarterly, diluted

Balance sheet

Liquidity, investments and debt at each quarter end.

Cash, investments and debt

quarter ends

Valuation & returns

Today's multiples against the company's own last five fiscal years; analyst targets and ratings.

Multiples and returns

TTM vs 5 fiscal years
Now5y averageWhere today sits in the 5-year range
P/E (TTM)14.9×42.0× 3 of 5 years8.3× – 67.8×
EV / EBITDA4.8×12.1×5.7× – 21.2×
EV / Sales0.5×0.5×0.4× – 0.7×
Price / FCF-303.3×––
Price / Book0.9×0.7×0.5× – 1.1×
FCF yield-0.3%-40.9%-67.9% – -18.9%
Return on invested capital-0.9%1.8%-0.3% – 5.0%
Return on equity6.7%-2.8%-15.9% – 8.0%

Outlook

Analyst consensus for the coming fiscal years and what it implies at today's price.

Consensus estimates

Fiscal yearRevenueGrowthEPSGrowthP/E at today's priceAnalysts (EPS)
FY2026₩106T+32.1%₩24,075.32+212.0%5.5×7
FY2027₩90.9T-14.3%₩17,039.09-29.2%7.7×15
FY2028₩87.4T-3.9%₩14,668.23-13.9%9.0×7

Financial statements

Every line of the income statement, balance sheet and cash flow statement - 12 quarters and 10 fiscal years, as values, as % of revenue or as growth.

Income statementRevenue, costs, operating income, net income and EPSOpenBalance sheetCash, investments, assets, debt, liabilities and equityOpenCash flowOperating cash flow, capex, free cash flow, buybacks and dividendsOpen

Sources

Statements, segment revenue, metrics and estimates are standardised from the company's filings.

Data as of 2026-11-02