S-Oil Corp (010950) Fair Value & Analysis
Energy · KR · Market cap 16.9T KRW (≈ $11.8B) · ISIN KR7010950004
What is S-Oil Corp really worth?
Structural break: The valuation model sees a lasting decline in earnings power for this stock, the confidence band is broken. Treat the target with caution.
Below-average quality, and trading another 410% above our fair value of 30,819 KRW.
Strengths
Risks
For context
Fair value as of: Aug 13, 2026
From 17 valuation models · updated 22 days ago
Fair value updated Aug 13, 2026, revised from 19,441 KRW to 30,819 KRW (+58.5%) since Jul 17, 2026. Share price +29.3% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The price sits above even our optimistic bull case (40,065 KRW). The favourable scenario is already priced in.
- The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
- Solid but not exceptional quality (48/100) and above fair value, neither a clear bargain nor a standout compounder.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.
How to read this chart
60‑month range 50,244 KRW – 157,300 KRW · fair‑value band 30,819 KRW – 40,065 KRW · the 157,300 KRW price screens above the 30,819 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.
Analysis
S-Oil Corp (010950) currently trades at 157,300 KRW, while our model-based Fair Value estimate is 30,819 KRW, implying the stock looks roughly 410.5% overvalued today. The Quality Score stands at 48/100 (below-average quality), in the Energy sector. Bull case: the Economic Profit group reads highest at a median of 52,951 KRW per share, and 0 of the 14 models we run sit above the 157,300 KRW price. Bear case: the DCF Models group reads lowest at 4,782 KRW, and 14 of the 14 models stay below the price. Evidence for this calculation is low.
Over the trailing twelve months, S-Oil Corp generated revenue of 34.2T KRW at a net margin of 2.8%. Revenue declined 0.5% year over year. It earns a return on equity of 10.4%. Net debt stands at 5.7T KRW. Fundamentals as of Aug 13, 2026
Our scenario range runs from 30,819 KRW (bear case) to 40,065 KRW (bull case); at 157,300 KRW, the current price sits above 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 11% below its 52-week high and 179% above its 52-week low, currently above its 200-day average. For context, the median of 10 Energy peers we cover trades at −59% fair-value upside, at −80%, 010950 screens richer than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.
All 17 models by family
Widest divergence: Economic Profit (52,951 KRW) versus Dividend Discount (13.19 KRW). Highest evidence: Residual Income (76).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 46 · Market factors (momentum, volatility) 78
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.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
S-Oil Corporation, together with its subsidiaries, manufactures, sells, and supplies oil refining, lube, and petrochemical products in South Korea. The company offers butane, propane, naphtha, benzene, toluene, xylene, para-xylene, jet fuel, diesel, kerosene, gasoline, propylene, asphalt, polypropylene, and propylene oxide.
Full company description
S-Oil Corporation, together with its subsidiaries, manufactures, sells, and supplies oil refining, lube, and petrochemical products in South Korea. The company offers butane, propane, naphtha, benzene, toluene, xylene, para-xylene, jet fuel, diesel, kerosene, gasoline, propylene, asphalt, polypropylene, and propylene oxide. It also provides lube base oil and petro-chemical products; refined crude oil products; and petroleum products. It exports its products to Southeast Asia, China, Japan, the United States, Australia, Europe, and internationally. The company was formerly known as Ssangyong Oil Refining Co. Ltd. and changed its name to S-Oil Corporation in April 2000. The company was incorporated in 1976 and is headquartered in Seoul, South Korea. S-Oil Corporation is a subsidiary of Aramco Overseas Company B.V.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
S-Oil Corp reported revenue of 34.2T KRW in FY2025 versus 27.5T KRW in FY2021, a compound +5.7%/yr. Reported net income was 177B KRW in FY2025, compounding −40.1%/yr from FY2021.
010950 screens 410% overvalued. Compare with Reliance Industries Limited →
Peer Group
Oil & Gas Refining & Marketing · 109 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.
Valuation Multiples vs Oil & Gas Refining & Marketing median · lower = cheaper
Strength profile in five axes (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 0: the price sits above our fair-value range.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Oil & Gas Refining & Marketing stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Reliance Industries Limited RELIANCE | ₹1,314 | ₹835.66 | −36% |
| Valero Energy Corporation VLO | $352.36 | $127.32 | −64% |
| Marathon Petroleum Corporation MPC | $368.83 | $133.18 | −64% |
| Phillips 66 PSX | $246.58 | $99.41 | −60% |
| Neste Oyj NESTE | €31.28 | €3.83 | −88% |
| Formosa Petrochemical Corporation 6505 | 75.80 TWD | 15.32 TWD | −80% |
| HF Sinclair Corporation DINO | $87.93 | $44.96 | −49% |
| Bharat Petroleum Corporation BPCL | ₹318.00 | ₹846.81 | +166% |
| SK Innovation Co 096770 | 131,500 KRW | 53,541 KRW | −59% |
| Sunoco LP, SUN | $75.55 | $53.36 | −29% |
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