SK Innovation (096770) fair value: what the stock is really worth
We calculate from audited financials what SK Innovation is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 18, 2026.
How to read this chart
60‑month range 81,100 KRW – 273,700 KRW · fair‑value band 57,282 KRW – 91,020 KRW · the 140,700 KRW price screens above the 91,020 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 18, 2026.
SK Innovation Co., Ltd., together with its subsidiaries, engages in the development, production, and sale of petroleum, natural gas, petrochemical, lubricants, and base oil products. It operates in six segments: Petroleum and Petrochemicals, Lubricants, Battery and LiBS , E&P, E&S and Others.
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SK Innovation Co., Ltd., together with its subsidiaries, engages in the development, production, and sale of petroleum, natural gas, petrochemical, lubricants, and base oil products. It operates in six segments: Petroleum and Petrochemicals, Lubricants, Battery and LiBS , E&P, E&S and Others. The company is also involved in insurance, power, district energy, renewable, city gas, LNG, manufacturing, trading, and oil exploration businesses; storage and sale of petroleum products; manufacturing of industrial gas and separator for secondary batteries; operating gas station and sports club; selling asphalt; issuance and redemption of floating securities; evaluation, certification, manufacturing, and selling of lithium battery; collection and disposal of waste batteries; invests in carbon capture and storage, as well as in equity; and installation of electric wire. In addition, it provides business consulting, resource development, information and communication, transporting, and software development services. Further, the company offers energy solution; and operates in hydrogen industry. It operates in South Korea, Asia, Europe, the United States, and internationally. The company was formerly known as SK Energy Co., Ltd. and changed its name to SK Innovation Co., Ltd. in January 2011. SK Innovation Co., Ltd. was founded in 1962 and is headquartered in Seoul, South Korea.
Stock analysis
SK Innovation (096770) currently trades at 140,700 KRW, while our model-based Fair Value estimate is 91,020 KRW, implying the stock looks roughly 54.6% overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 91,731 KRW per share, and 0 of the 4 models we run sit above the 140,700 KRW price.
Bear case: the Dividend Discount group reads lowest at 58,478 KRW, and 4 of the 4 models stay below the price. Evidence for this calculation is low.
Scenario range: 57,282 KRW (bear) to 91,020 KRW (bull), the price of 140,700 KRW sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 23/100 (below-average quality), in the Energy sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
SK Innovation reported revenue of 80.3T KRW in FY2025 versus 46.8T KRW in FY2021, a compound +14.4%/yr. Reported net income was −3.3T KRW in FY2025.
Key figures
Market cap 23.4T KRW (≈ $16.3B) · P/S ratio 0.23 · Dividend yield 3.5% · Net margin −4.2% · Return on equity −10.5% · Return on assets (EBIT) 2.5% · Operating margin 8.6% · Revenue (TTM) 83.5T KRW.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).
What moves the price
The share trades about 9% below its 52-week high and 55% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Energy peers we cover trades at −68% fair-value upside, at −35%, 096770 screens cheaper than that median.
Fair Value models
Bear 57,282 KRWFair Value 91,020 KRWBull 91,020 KRW
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.44/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+8.1%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+0.9%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+18.6%
Revenue growth 18 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+7.9%
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Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
−7.5% (2020) → 0.6% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Oil & Gas Refining & Marketing · 110 stocks
Beats the industry median on 4/9 measures
A mixed picture versus its industry peers.
Valuation
Quality Score23 · Bottom 25%
Fair Value upside−34% · Below median
Profitability
Return on assets1% · Bottom 25%
Net margin (TTM)−3% · Bottom 25%
Operating margin (TTM)9% · Above median
Growth and dividend
Revenue growth15% · Above median
Dividend yield (TTM)3.5% · Above median
Balance sheet
Debt / equity1.05× · Highest 25%
Valuation Multiplesvs Oil & Gas Refining & Marketing median · lower = cheaper
EV/EBITDA1.3× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 9
FUTURE (revenue growth)76· sector 15
PAST (return on equity)0· sector 35
HEALTH (low debt)48· sector 85
DIVIDEND (yield)70· sector 55
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "SK Innovation Fair Value". https://www.fairvalue-calculator.com/stock/096770
Frequently asked questions
Is SK Innovation (096770) overvalued or undervalued?
As of Sep 18, 2026, our model estimates a fair value of 91,020 KRW versus a price of 140,700 KRW, about −35% upside (overvalued).
What is the fair value of 096770?
Our model-based fair value for SK Innovation is 91,020 KRW (as of Sep 18, 2026), built from audited fundamentals. The current price: 140,700 KRW.
What is the quality score of 096770?
SK Innovation has a Quality Score of 23/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for SK Innovation (096770)?
Our model-based price target is the fair value of 91,020 KRW (as of Sep 18, 2026) from 5 valuation models. Cautious scenario 57,282 KRW, optimistic scenario 91,020 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the SK Innovation stock forecast for 2026?
Our models put fair value at 91,020 KRW, about −35% upside versus a price of 140,700 KRW (overvalued). Cautious scenario 57,282 KRW, optimistic scenario 91,020 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of SK Innovation (096770)?
SK Innovation reported trailing-twelve-month revenue of about 83.5T KRW (latest available figure, as of Sep 18, 2026).
Does SK Innovation pay a dividend?
SK Innovation currently shows a dividend yield of about 3.49% relative to its recent price (as of Sep 18, 2026).
What is the intrinsic value of SK Innovation (096770)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For SK Innovation it is 91,020 KRW per share (as of Sep 18, 2026), against a price of 140,700 KRW. It is the blended result of 5 valuation models (cash flow, earnings, asset, dividend).
Is SK Innovation stock overvalued or undervalued in 2026?
As of Sep 18, 2026, 096770 trades above its calculated fair value: price 140,700 KRW, fair value 91,020 KRW, a gap of about −35% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 096770?
No. The price is what the market pays today (140,700 KRW); the fair value is what the company's own numbers justify (91,020 KRW). For SK Innovation the two are 49,680 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is SK Innovation worth?
The market values SK Innovation at about 23.4T KRW (market capitalisation, as of Sep 18, 2026). Per share that is 140,700 KRW; our models calculate a fair value of 91,020 KRW per share.
What do the bullish and bearish scenarios say about 096770?
Our models span a range for SK Innovation: cautious scenario 57,282 KRW, base 91,020 KRW, optimistic 91,020 KRW per share (as of Sep 18, 2026, price 140,700 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of SK Innovation (096770)?
Balance-sheet figures for SK Innovation (as of Sep 18, 2026): return on equity −10.5%, debt of 1.05 per unit of equity. They feed the Quality Score of 23/100, which measures business quality independently of the share price.
How far is 096770 from its 52-week high?
SK Innovation trades at 140,700 KRW, about 9% below its 52-week high of 155,400 KRW and 55% above the low of 90,500 KRW (as of Sep 18, 2026). Distance from the high says nothing about value: that is what the fair value of 91,020 KRW is for.
Which stocks are comparable to SK Innovation?
From the same area (Energy) we also value Reliance Industries Limited, Valero Energy Corporation, Marathon Petroleum Corporation, Phillips 66, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is SK Innovation stock attractive at the current price?
The data as of Sep 18, 2026: price 140,700 KRW, calculated fair value 91,020 KRW (−35%), Quality Score 23/100, from 5 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 096770 calculated?
We run SK Innovation through 5 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 91,020 KRW, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 16.1 % above its aggregate fair value. SK Innovation itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of SK Innovation (096770)?
The closing price on Sep 21, 2026 was 140,700 KRW. Our model-based fair value is 91,020 KRW, about −35% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with SK Innovation right now?
The price sits above even our optimistic bull case (91,020 KRW). The favourable scenario is already priced in. Weak quality (23/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Key figures of SK Innovation
How large is the market capitalisation of SK Innovation (096770)?
The market capitalisation of SK Innovation is 23.4T KRW (≈ $16.3B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of SK Innovation (096770)?
The price-to-sales ratio of SK Innovation is 0.23 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the dividend yield of SK Innovation (096770)?
The dividend yield of SK Innovation is 3.5%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of SK Innovation (096770)?
The net margin of SK Innovation is −4.2% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of SK Innovation (096770)?
The return on equity (ROE) of SK Innovation is −10.5% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of SK Innovation (096770)?
On an EBIT basis the return on assets of SK Innovation is 2.5% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of SK Innovation (096770)?
The operating margin of SK Innovation is 8.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at SK Innovation (096770)?
Revenue at SK Innovation is growing +15.2% versus a year earlier (3y avg +0.9%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at SK Innovation (096770)?
Earnings per share at SK Innovation are growing +770% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does SK Innovation (096770) generate?
The free cash flow of SK Innovation is −3.4T KRW (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does SK Innovation (096770) carry?
The net debt of SK Innovation is 22.8T KRW (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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