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Energy Minerals

SK Innovation Co., Ltd.

  • 169,500.00 KRW
  • +1,500.00
  • +0.89%
  • South Korea
    May 17, 2019
  • Ticker
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  • Market cap (KRW)
  • Market cap (USD)
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Company Background

SK Innovation is a leading oil and chemical company in South Korea, and a core business of the SK group, the country's third-largest conglomerate. It deals with a wide range of businesses, from petroleum development to batteries and information electronics materials. It has also extended its efforts to the development of nonconventional energy resources, such as shale-derived resources.

The company's origins date back to the establishment of Korea Oil, the country's first oil refining company, in 1962. In addition to the business of its own, SK Innovation has widened its business through its subsidiaries. These include: SK Energy for oil refinery and wholesale; SK Lubricants for production of lubricating oil for leading automakers worldwide, including BMW of Germany; and SK Global Chemical for chemical products.

The company is engaged in a large-scale project in the U.S. state of Oklahoma, where it has acquired a stake in an oil producing field. As the first attempt ever among South Korean businesses, the company is preparing to produce oil and gas from the field's shale layers. The company expects the production of shale-derived energy to eventually reach about 15% of total capacity in the field.

The company is also actively involved in new businesses. It has signed with Chinese businesses, including a leading automaker, to form a joint venture in China to produce battery packs for electric vehicles, with a capacity target of 20,000 units by 2017.

In addition, SK Global Chemical has agreed with Saudi Basic Industries to launch a joint effort to produce and market Nexlene, a high-performance polyethylene originally developed using SK's own technology.

Business Summary

SK Innovation Co., Ltd. engages in the development and production of petroleum products. It operates through the Petroleum Development and Battery Businesses. The Battery business provides cell, module, pack, and battery management system. The company was founded on July 3, 2007 and is headquartered in Seoul, South Korea.

Financial Highlights

Dec 2018 KRWUSD
Gross Profit3,920.12B3,562.07M
Operating income2,117.58B1,924.17M
Income before tax2,402.35B2,182.92M
Net income1,638.40B1,488.75M
Diluted EPS----
Dividends Per Share8,0007.26
Total Assets36,085.38B32,340.36M
Total liabilities16,757.40B15,018.28M
Total equity18,124.44B16,243.45M
Operating cash flow1,779.91B1,617.34M
Currency in KRWCurrency in USD

Historical Data

 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 65,860.71B 48,356.32B 39,520.53B 46,162.65B 54,510.89B
Gross Profit 1,579.99B 4,113.72B 4,911.47B 5,337.81B 3,920.12B
Operating income -182,803.24M 1,979.56B 3,228.33B 3,221.78B 2,117.58B
Income before tax -585,231.07M 1,605.11B 2,337.98B 3,223.67B 2,402.35B
Net income -484,760.56M 944,798.75M 1,671.33B 2,105.93B 1,638.40B
EBITDA 602,152.75M 2,931.09B 4,142.69B 4,121.84B 3,056.51B
Diluted EPS -5,875.69 8,744.55 17,934 22,574 --
Dividends Per Share 0 4,800 6,400 8,000 8,000
Total Assets 35,101.31B 31,359.83B 32,581.33B 34,250.14B 36,085.38B
Total liabilities 19,040.25B 14,313.49B 14,276.28B 14,940.81B 16,757.40B
Total equity 15,000.34B 15,889.74B 17,103.15B 18,085.77B 18,124.44B
Operating cash flow 927,140.70M 4,085.70B 3,518.19B 2,188.61B 1,779.91B
 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 62,566.08M 42,725.01M 34,063.86M 40,833.46M 49,532.03M
Gross Profit 1,500.95M 3,634.66M 4,233.33M 4,721.59M 3,562.07M
Operating income -173.65M 1,749.03M 2,782.59M 2,849.85M 1,924.17M
Income before tax -555.95M 1,418.19M 2,015.17M 2,851.52M 2,182.92M
Net income -460.51M 834.77M 1,440.57M 1,862.81M 1,488.75M
EBITDA 572.03M 2,589.75M 3,570.70M 3,646.00M 2,777.34M
Diluted EPS -5.58 7.72 15.45 19.96 --
Dividends Per Share 0 4.24 5.51 7.07 7.26
Total Assets 31,934.96M 26,744.98M 26,975.76M 31,993.03M 32,340.36M
Total liabilities 17,322.70M 12,207.15M 11,820.07M 13,956.20M 15,018.28M
Total equity 13,647.21M 13,551.44M 14,160.58M 16,893.91M 16,243.45M
Operating cash flow 880.76M 3,609.90M 3,032.43M 1,935.95M 1,617.34M

Valuation Measures

Dec 2018
Operating margin3.88%
Profit margin3.00%

Key executives

  • President, Chief Executive Officer & Director: Jun Kim
  • Head-Operational Support: Jong-Rin Park
  • Head-Finance: Jin-Seok Cha
  • Head-Finance II: Jang-Woo Kim
  • Executive Board Member: Young-Gyun Jeong


  • SK Holdings Co., Ltd. (33.4%)
  • National Pension Service of Korea (9.6%)
  • SK Innovation Co., Ltd. (5.9%)
  • BlackRock Fund Advisors (1.8%)
  • The Vanguard Group, Inc. (1.6%)
  • Dimensional Fund Advisors LP (1.4%)
  • Schroder Investment Management Ltd. (1.2%)
  • Norges Bank Investment Management (1.0%)
  • JXTG Holdings, Inc. (0.9%)
  • Samsung Asset Management Co., Ltd. (0.9%)

Contact Details

Related Companies

  • Dow Chemical Co. /Poly Vinylidence Chloride Bus/
  • SK GC Americas, Inc.
  • SK Battery Systems Co., Ltd.
  • Sk Lubricants Cop Ltd.
  • SK Incheon Oil Co. Ltd.
  • SK Global Chemical Co., Ltd.
  • SK E&P America, Inc.
  • Sk Energy Co. Ltd. /Petroleum & Chemical Businesses/
  • SK Energy International Pte Ltd.


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Last Updated on 17 May, 2019

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