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SK Holdings Co Ltd (034730) Fair Value & Analysis

Industrials · KR · Market cap 31.6T KRW (≈ $22.1B) · ISIN KR7034730002

What is SK Holdings Co Ltd really worth?

SH SK Holdings Co Ltd 034730 · KO
Price573,000 KRW
Fair Value615,077 KRW
Upside+7.3%
Quality44/100

Below-average quality, currently priced close to our fair value of 615,077 KRW.

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Risks

!Weak Growth (revenue 5y +8.4 %/yr)
!Thin margins · 2.1% net margin
!High debt · negative free cash flow
!Mixed vs. peers (5/10)
!Narrow moat 39/100
!Evidence only medium, so the estimate is less certain
!Weak on balance sheet: 10 out of 100
!Weak on dividend: 28 out of 100

For context

·1.40% dividend yield
Evidence: Medium Range 461,308 KRW – 768,846 KRW

Fair value as of: Aug 13, 2026

From 6 valuation models · updated 22 days ago

Fair value updated Aug 13, 2026, revised from 497,919 KRW to 615,077 KRW (+23.5%) since Jul 17, 2026. Share price +9.6% 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 close to our fair value, market and models broadly agree here, little valuation tension.
  • The price sits in the lower half of our model range, the side with the larger margin of safety.
  • Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.

Price vs Fair Value (5 years)

858,000 KRW 112,182 KRW Fair Value 615,077 KRW Apr 2021 Sep 2026

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 112,182 KRW – 858,000 KRW · fair‑value band 461,308 KRW – 768,846 KRW · the 573,000 KRW price screens below the 615,077 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.

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Analysis

SK Holdings Co Ltd (034730) currently trades at 573,000 KRW, while our model-based Fair Value estimate is 615,077 KRW, implying the stock looks roughly 6.8% fairly valued today. The Quality Score stands at 44/100 (below-average quality), in the Industrials sector. Bull case: the Earnings-Based group reads highest at a median of 892,154 KRW per share, and 3 of the 6 models we run sit above the 573,000 KRW price. Bear case: the Asset-Based group reads lowest at 309,403 KRW, and 3 of the 6 models stay below the price. Evidence for this calculation is medium.

Over the trailing twelve months, SK Holdings Co Ltd generated revenue of 129T KRW at a net margin of 2.1%. Revenue grew 18.9% year over year. It earns a return on equity of 11.9%. Net debt stands at 47.0T KRW. Fundamentals as of Aug 13, 2026

Our scenario range runs from 461,308 KRW (bear case) to 768,846 KRW (bull case); at 573,000 KRW, the current price sits within 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 20% below its 52-week high and 231% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at 34% fair-value upside, at 7%, 034730 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.

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 best evidence 373,437 KRW 390,279 KRW 411,114 KRW 76
Graham-Dodd 199,168 KRW 1,388,967 KRW 1,949,208 KRW 63
P/E Multiple 461,308 KRW 615,077 KRW 768,846 KRW 63
All 6 models by family
Earnings-Based
Graham-Dodd 199,168 KRW 1,388,967 KRW 1,949,208 KRW 63
Lynch FV 624,508 KRW 892,154 KRW 1,159,801 KRW 61
Multiples
P/E Multiple 461,308 KRW 615,077 KRW 768,846 KRW 63
P/B Multiple 373,440 KRW 497,919 KRW 622,399 KRW 55
Asset-Based
NCAV (Graham) 230,898 KRW 309,403 KRW 461,795 KRW 54
Economic Profit
Residual Income best evidence 373,437 KRW 390,279 KRW 411,114 KRW 76

Widest divergence: Earnings-Based (892,154 KRW) versus Asset-Based (309,403 KRW). Highest evidence: Residual Income (76).

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Key figures & financial health

P/S ratio 0.25 TTM
Dividend yield 1.4%
Net margin 1.3% FY2025
Return on equity 11.9% TTM
Return on assets (EBIT) 2.3% avg 5y
Operating margin 9.8% TTM
More key figures
Growth
Revenue (TTM) 129T KRW TTM
Revenue growth (YoY) +18.9% 3y avg −3.0%
EPS growth (YoY) +43.3%
Balance sheet & cash flow
Free cash flow −4.0T KRW FY2025
Net debt 47.0T KRW FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 44/100

Of which business quality 40 · Market factors (momentum, volatility) 58

Profitability 24
Margins and returns on capital today
Quality Growth 46
Are margins and returns improving?
Cashflow 34
Earnings quality: real cash, not paper profit
Fin. Strength 9
Balance sheet, leverage, solvency risk
Investment 75
Disciplined investing over empire-building
Low Volatility 11
Calm price path (market factor)
Momentum 77
Price trend over the last 3–12 months (market factor)
52W Momentum 78
Distance to the 52-week high (market factor)
Net Issuance 84
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.

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

SK Inc., together with its subsidiaries, engages in petroleum refining, telecommunications, wholesale and retail, chemicals, construction, and other businesses in Korea.

Full company description

SK Inc., together with its subsidiaries, engages in petroleum refining, telecommunications, wholesale and retail, chemicals, construction, and other businesses in Korea. It is involved in city gas and power generation; gas stations; sale of asphalt; energy business; resource development; LNG business; electricity and other electric wire installation; new regeneration; and hydrogen business. The company also manufactures and sells chemicals and petrochemicals; lubricant oils; separators for secondary cells; lithium batteries; storage batteries; industrial gas; non-memory and other electronic integrated circuit; household appliances; video and audio equipment; electronic books; steel; semiconductor component; telecommunication equipment; automotive products and parts; biodegradable plastic materials; organic light emitting diode material; silicon wafer; pharmaceuticals; and electric vehicle chargers. In addition, it provides insurance; management consulting; battery reuse/recycle; carbon collection and storage-related; internet portal; information gathering; telecommunication; equipment repair; AI solution; publication and telemarketing; brokerage; car sharing; office support; and other financial services. Further, the company engages in information and communication facilities management; broadcasting program production; databases and online information; system software development and supply; and quantum information and communication activities. Additionally, it is involved in cargo transport shipment and logistics consulting; e-commerce retail; real estate development; sewage treatment plants; waste incineration and disposal; solar power generation; construction of wind and solar power facilities; warehouse operations; landscaping and planting; and operation of condos, resorts, and golf clubs. The company was formerly known as SK Holdings Co., Ltd and changed its name to SK Inc. in March 2021. SK Inc. was founded in 1991 and is headquartered in Seoul, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

SK Holdings Co Ltd reported revenue of 123T KRW in FY2025 versus 98.3T KRW in FY2021, a compound +5.7%/yr. Reported net income was 1.6T KRW in FY2025, compounding −5.1%/yr from FY2021.

Growth Quality 39/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
123T KRW
Latest YoY
−0.6%
Avg. revenue 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.
−3.0%
Avg. revenue 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.
+8.4%
Avg. revenue growth/yr (16Y) 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.
+2.5%
Value creation/yr (5Y, in KRW) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year. Measured in KRW: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+17.8% (16.4 + 1.4)
Revenue +5.7%/yr
FY21 98.3T KRW
FY22 135T KRW
FY23 129T KRW
FY24 123T KRW
FY25 123T KRW
Net income −5.1%/yr
FY21 2.0T KRW
FY22 1.1T KRW
FY23 −777B KRW
FY24 −1.3T KRW
FY25 1.6T KRW

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Cite: Fair Value Calculator (2026). "SK Holdings Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/034730

Peer Group

Conglomerates · 375 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 44 · Below median
Fair Value upside +7% · Above median
Return on equity (TTM) 12% · Top 25%
Return on assets 1% · Below median
Net margin (TTM) 2% · Below median
Operating margin (TTM) 10% · Above median
Revenue growth 19% · Top 25%
Dividend yield (TTM) 1.4% · Below median
Debt / equity 1.81× · Higher than 75% of peers

Valuation Multiples vs Conglomerates median · lower = cheaper

EV/EBITDA 1.6× · Cheaper than 75% of peers

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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE43 · sector 25
FUTURE95 · sector 17
PAST48 · sector 17
HEALTH10 · sector 89
DIVIDEND28 · sector 42

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

Similar stocks

10 more Conglomerates stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
ITOCHU Corporation ITOCHU19 7.20 THB 14.40 THB +100%
3M Company MMM $178.83 $76.87 −57%
Honeywell International Inc HON $217.43 $218.95 +1%
CITIC Limited 0267 HK$13.02 HK$26.04 +100%
Poste Italiane S.p.A PST €26.90 €7.65 −72%
Swire Pacific Limited 0019 HK$106.30 HK$36.88 −65%
PT Astra International Tbk, ASII 4,800 IDR 9,600 IDR +100%
SK Inc 03473K 356,000 KRW 712,000 KRW +100%
Jardine Matheson Holdings J36 $59.10 $79.11 +34%
Kingboard Holdings 0148 HK$45.52 HK$32.91 −28%

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Frequently asked questions

Is SK Holdings Co Ltd (034730) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 615,077 KRW versus a price of 573,000 KRW, about +7% upside (fairly valued).
What is the fair value of 034730?
Our model-based fair value for SK Holdings Co Ltd is 615,077 KRW (as of Aug 13, 2026), built from audited fundamentals. The current price: 573,000 KRW.
What is the quality score of 034730?
SK Holdings Co Ltd has a Quality Score of 44/100. 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 Holdings Co Ltd (034730)?
SK Holdings Co Ltd reported trailing-twelve-month revenue of about 129T KRW (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 034730?
The net profit margin of SK Holdings Co Ltd is about 2.1%, meaning it keeps roughly 2.1% of revenue as net income. Based on the latest reported figures.
Does SK Holdings Co Ltd pay a dividend?
SK Holdings Co Ltd currently shows a dividend yield of about 1.40% relative to its recent price (as of Aug 13, 2026).
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