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SK Chemicals Co (28513K) Fair Value & Analysis

Basic Materials · KR · Market cap 406B KRW

SC SK Chemicals Co 28513K · KO
Price22,550 KRW
Fair Value60,810 KRW
Upside+169.7%
Quality39/100
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Expensive Growth
Thin margins · 0.5% net margin
Moderate debt · negative free cash flow
3.86% dividend yield
Mixed vs. peers (4/10)
Narrow moat 20/100
Evidence: Medium Range 42,567 KRW – 74,853 KRW Share as image

Fair value as of: Jul 22, 2026

From 12 valuation models · updated 19 days ago

Fair value updated Jul 22, 2026, revised from 46,996 KRW to 60,810 KRW (+29.4%) since Jun 25, 2026. Share price +8.7% over the past month.

Below-average quality, screening 170% undervalued on our models.

What matters now

  • The large discount to fair value meets weak quality (39/100). That raises the risk this is a value trap rather than a bargain.
  • The price is below even our cautious bear case (42,567 KRW). The market is more pessimistic than our downside scenario.
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Price vs Fair Value (5 years)

108,547 KRW 17,292 KRW Fair Value 60,810 KRW Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 22, 2026.

How to read this chart

60‑month range 17,292 KRW – 108,547 KRW · fair‑value band 42,567 KRW – 74,853 KRW · the 22,550 KRW price screens below the 60,810 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 22, 2026.

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Analysis

SK Chemicals Co (28513K) currently trades at 22,550 KRW, while our model-based Fair Value estimate is 60,810 KRW, implying the stock looks roughly 169.7% undervalued today. The Quality Score stands at 39/100 (below-average quality), in the Basic Materials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium), always confirm before acting.

Over the trailing twelve months, SK Chemicals Co generated revenue of 2.5T KRW at a net margin of 0.5%. Revenue grew 22.2% year over year. It earns a return on equity of -0.6%. Net debt stands at 1.6T KRW. Fundamentals as of Jul 22, 2026

Our scenario range runs from 42,567 KRW (bear case) to 74,853 KRW (bull case); at 22,550 KRW, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 32% below its 52-week high and 11% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -58% fair-value upside, at 170%, 28513K screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

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
Highest evidence
Residual Income 93,968 KRW 90,227 KRW 72,809 KRW 76
Gordon GGM 12,580 KRW 27,464 KRW 46,208 KRW 70
Growth-Adj P/E 51,330 KRW 73,329 KRW 95,327 KRW 68
All 12 models by family
Earnings-Based
Graham-Dodd 17,626 KRW 122,923 KRW 172,504 KRW 54
Lynch FV 42,567 KRW 60,810 KRW 79,054 KRW 50
PEG = 1.0 42,567 KRW 60,810 KRW 79,054 KRW 46
Dividend Discount
Gordon GGM 12,580 KRW 27,464 KRW 46,208 KRW 70
DDM Multi-Stage 12,580 KRW 22,497 KRW 28,621 KRW 61
Multiples
P/E Multiple 33,049 KRW 44,066 KRW 55,082 KRW 63
P/S Multiple 33,049 KRW 44,066 KRW 55,082 KRW 58
P/B Multiple 33,049 KRW 44,066 KRW 55,082 KRW 55
EV/EBITDA 18,682 KRW 46,086 KRW 73,490 KRW 54
Asset-Based
NCAV (Graham) 65,587 KRW 87,887 KRW 131,174 KRW 50
Economic Profit
Residual Income 93,968 KRW 90,227 KRW 72,809 KRW 76
Growth Earnings
Growth-Adj P/E 51,330 KRW 73,329 KRW 95,327 KRW 68

Widest divergence: Economic Profit (90,227 KRW) versus Dividend Discount (22,497 KRW). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 2.5T KRW
Revenue growth (YoY) +22.2%
Net margin 0.5%
Return on equity -0.6%
Free cash flow −230B KRW FY2025
Operating margin -2.9%
More key figures
Dividend yield 3.9%
EPS growth (YoY) +22.8%
Net debt 1.6T KRW FY2025

Figures from reported company fundamentals · as of Jul 22, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 39/100

Of which business quality 40 · Market factors (momentum, volatility) 30

Profitability 20
Margins and returns on capital today
Quality Growth 54
Are margins and returns improving?
Cashflow 36
Earnings quality: real cash, not paper profit
Fin. Strength 27
Balance sheet, leverage, solvency risk
Investment 38
Disciplined investing over empire-building
Low Volatility 65
Calm price path (market factor)
Momentum 15
Price trend over the last 3–12 months (market factor)
52W Momentum 15
Distance to the 52-week high (market factor)
Net Issuance 81
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

SK Chemicals Co.,Ltd provides chemicals and life sciences products and solutions in South Korea, China, Japan, Asia, the United States, Europe, and internationally.

Full company description

SK Chemicals Co.,Ltd provides chemicals and life sciences products and solutions in South Korea, China, Japan, Asia, the United States, Europe, and internationally. The company offers copolyester, engineering plastic, petro chemical, specialty chemical, coating and adhesive, biomaterial, and performance chemical for covid-19 personal protective equipment, industrial materials, sustainable packaging solution, packaging, cosmetic, automotive, consumer goods and sports, and electronics and home appliance applications. It sells its products under the SKYGREEN, SKYPEL, SKYBON, ECOZEN, SKYTRA, ECOTRION, CLARO, SKYDMT, CnR, ECOTRIA, SKYCHDM, E.Chemical, SKYPET, SKYDMCD, SKYPURA, and SKYCHDA brands. The company provides ETC drugs, including musculoskeletal system, anti-inflammatory agents/analgenics, digestive system, central nervous system, respiratory system, urinary system, kidney/rheumatism, circulatory system/metabolic disease, antimicrobial/antiviral agents, and others; OTC drugs, such as common cold/antihistamine, drugs to improve blood flow, vitamins/minerals, dermatologicals, and other products. The company was founded in 1969 and is headquartered in Seongnam-si, South Korea.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

SK Chemicals Co reported revenue of 2.4T KRW in FY2025 versus 2.1T KRW in FY2021, a compound +3.1%/yr. Reported net income was 44.6B KRW in FY2025, compounding −28.2%/yr from FY2021.

Growth Quality 52/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
2.4T KRW
Latest YoY
+36.2%
Avg. growth/yr (3Y) 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.
+8.9%
Avg. growth/yr (5Y) 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.
+14.3%
Avg. growth/yr (8Y) 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.
+50.9%
Revenue +3.1%/yr
FY21 2.1T KRW
FY22 1.8T KRW
FY23 1.7T KRW
FY24 1.7T KRW
FY25 2.4T KRW
Net income −28.2%/yr
FY21 168B KRW
FY22 191B KRW
FY23 39.9B KRW
FY24 8.8B KRW
FY25 44.6B KRW

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Cite: Fair Value Calculator (2026). "SK Chemicals Co Fair Value". https://www.fairvalue-calculator.com/stock/28513K

Peer Group

Specialty Chemicals · 673 stocks

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.

Quality Score 39 · Bottom 25%
Fair Value upside +170% · Top 25%
Return on assets -0% · Bottom 25%
Net margin (TTM) 1% · Below median
Operating margin (TTM) -3% · Bottom 25%
Revenue growth 22% · Top 25%
Dividend yield (TTM) 3.9% · Top 25%
Debt / equity 0.74× · Higher than 75% of peers

Valuation Multiples vs Specialty Chemicals median · lower = cheaper

EV/EBITDA 7.1× · Cheaper than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 100 · sector 0
FUTURE 100 · sector 19
PAST 0 · sector 23
HEALTH 63 · sector 95
DIVIDEND 77 · sector 25

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Specialty Chemicals stocks, each showing price versus our Fair Value estimate (as of Jul 22, 2026).

Stock Price Fair Value vs Fair Value
Linde plc LIN $489.98 $222.03 -55%
Nan Ya Plastics Corporation 1303 181.50 TWD 255.83 TWD +41%
Wanhua Chemical Group 600309 ¥70.04 ¥68.03 -3%
Novozymes A/S NSISB kr 428.20 kr 179.66 -58%
Asian Paints Limited ASIANPAINT ₹2,689 ₹668.81 -75%
Solar Industries India Limited SOLARINDS ₹18,236 ₹2,793 -85%
Pidilite Industries Limited PIDILITIND ₹1,560 ₹351.84 -77%
PT Chandra Asri Pacific Tbk TPIA 1,805 IDR 2,888 IDR +60%
Linde India Limited LINDEINDIA ₹7,115 ₹757.93 -89%
Berger Paints India Limited BERGEPAINT ₹493.70 ₹164.29 -67%

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Frequently asked questions

Is SK Chemicals Co (28513K) overvalued or undervalued?
As of Jul 22, 2026, our model estimates a fair value of 60,810 KRW versus a price of 22,550 KRW, about +170% (undervalued).
What is the fair value of 28513K?
Our model-based fair value for SK Chemicals Co is 60,810 KRW (as of Jul 22, 2026), built from audited fundamentals. The current price is 22,550 KRW.
What is the quality score of 28513K?
SK Chemicals Co has a Quality Score of 39/100. 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 revenue of SK Chemicals Co (28513K)?
SK Chemicals Co reported trailing-twelve-month revenue of about 2.5T KRW (latest available figure, as of Jul 22, 2026).
What is the net profit margin of 28513K?
The net profit margin of SK Chemicals Co is about 0.5%, meaning it keeps roughly 0.5% of revenue as net income. Based on the latest reported figures.
Does SK Chemicals Co pay a dividend?
SK Chemicals Co currently shows a dividend yield of about 3.56% relative to its recent price (as of Jul 22, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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