Financials SK Gas Co., Ltd.

Equities

A018670

KR7018670000

Oil & Gas Refining and Marketing

End-of-day quote Korea S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
164,400 KRW -0.60% Intraday chart for SK Gas Co., Ltd. +7.66% +11.08%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 755,888 937,892 1,144,318 1,036,618 1,328,307 1,475,498 - -
Enterprise Value (EV) 2 2,209 1,866 2,177 3,189 1,328 3,370 3,340 3,125
P/E ratio 4.71 x 3.52 x 4.6 x 4.04 x 4.22 x 7.43 x 4.92 x 4.18 x
Yield 3.55% 3.83% 4% 4.76% - 4.28% 5.45% 6.39%
Capitalization / Revenue 0.15 x 0.21 x 0.18 x 0.13 x 0.19 x 0.2 x 0.18 x 0.17 x
EV / Revenue 0.45 x 0.42 x 0.34 x 0.4 x 0.19 x 0.45 x 0.41 x 0.36 x
EV / EBITDA 7.63 x 6.27 x 10.2 x 6.4 x 3.23 x 8.29 x 5.68 x 4.82 x
EV / FCF 11.2 x 12.4 x -3.76 x -8.65 x - -12.9 x 15.5 x -
FCF Yield 8.94% 8.03% -26.6% -11.6% - -7.77% 6.45% -
Price to Book 0.45 x 0.49 x 0.54 x 0.46 x - 0.56 x 0.53 x 0.47 x
Nbr of stocks (in thousands) 8,935 8,975 8,975 8,975 8,975 8,975 - -
Reference price 3 84,600 104,500 127,500 115,500 148,000 164,400 164,400 164,400
Announcement Date 2/7/20 2/9/21 2/8/22 2/7/23 2/6/24 - - -
1KRW in Million2KRW in Billions3KRW
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 4,931 4,412 6,495 8,066 6,994 7,465 8,215 8,752
EBITDA 1 289.6 297.9 213.4 498.5 411.3 406.8 588.3 648
EBIT 1 189.6 190.2 105.4 390.6 303.7 271.7 393.3 483.7
Operating Margin 3.84% 4.31% 1.62% 4.84% 4.34% 3.64% 4.79% 5.53%
Earnings before Tax (EBT) 1 90.51 407.9 328.3 304.8 438 295.9 431.5 472.6
Net income 1 158.9 266.7 247.1 256.7 314.2 204.2 308 319.2
Net margin 3.22% 6.04% 3.8% 3.18% 4.49% 2.73% 3.75% 3.65%
EPS 2 17,957 29,674 27,692 28,559 35,101 22,118 33,383 39,377
Free Cash Flow 3 197,448 149,918 -579,660 -368,695 - -261,800 215,450 -
FCF margin 4,004.15% 3,397.71% -8,925.38% -4,570.88% - -3,506.87% 2,622.55% -
FCF Conversion (EBITDA) 68,187.35% 50,324.14% - - - - 36,621.23% -
FCF Conversion (Net income) 124,283.68% 56,214.74% - - - - 69,945.62% -
Dividend per Share 2 3,000 4,000 5,100 5,500 - 7,042 8,960 10,510
Announcement Date 2/7/20 2/9/21 2/8/22 2/7/23 2/6/24 - - -
1KRW in Billions2KRW3KRW in Million
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 - 1,834 2,367 1,907 1,841 1,951 2,150 1,494 1,720 1,630 2,014 1,739 1,855 1,871 2,003
EBITDA - - - - - - - 105.8 - - - - - - -
EBIT 1 - -12.36 105.7 56.96 65.88 162 207.8 66.78 57.66 -28.57 64.43 57.17 57.73 89.13 94.5
Operating Margin - -0.67% 4.47% 2.99% 3.58% 8.3% 9.67% 4.47% 3.35% -1.75% 3.2% 3.29% 3.11% 4.76% 4.72%
Earnings before Tax (EBT) 1 - 13.04 184.8 16.84 -47.52 150.7 222.5 12.06 168.1 55.29 41.8 63.1 47.23 107 145.4
Net income 1 72.11 5.757 142.8 11.81 -37.5 139.6 171.1 2.506 125.4 30.47 29.6 45.33 34.57 72.67 110.3
Net margin - 0.31% 6.03% 0.62% -2.04% 7.15% 7.96% 0.17% 7.29% 1.87% 1.47% 2.61% 1.86% 3.88% 5.51%
EPS 8,014 - - - - - - - - - - - - - -
Dividend per Share - - - - - - - - - - - - - - -
Announcement Date 11/15/21 2/8/22 5/9/22 8/2/22 11/1/22 2/7/23 5/3/23 7/31/23 11/3/23 2/6/24 - - - - -
1KRW in Billions
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 1,453 929 1,033 2,152 - 1,895 1,865 1,650
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 5.017 x 3.117 x 4.84 x 4.318 x - 4.659 x 3.169 x 2.546 x
Free Cash Flow 2 197,448 149,918 -579,660 -368,695 - -261,800 215,450 -
ROE (net income / shareholders' equity) 9.85% 15% 12.3% 11.5% 12.8% 7.3% 11.3% 11.1%
ROA (Net income/ Total Assets) 4.05% 6.22% 5.18% 4.69% - 3.35% 4.68% 5.5%
Assets 1 3,919 4,291 4,768 5,468 - 6,094 6,589 5,805
Book Value Per Share 3 187,723 212,507 235,231 253,611 - 291,047 312,790 348,318
Cash Flow per Share 3 34,779 25,551 -43,218 15,559 68,497 41,694 68,919 74,637
Capex 1 110 78.6 191 509 - 453 321 268
Capex / Sales 2.24% 1.78% 2.94% 6.31% - 6.06% 3.9% 3.06%
Announcement Date 2/7/20 2/9/21 2/8/22 2/7/23 2/6/24 - - -
1KRW in Billions2KRW in Million3KRW
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
5
Last Close Price
164,400 KRW
Average target price
205,200 KRW
Spread / Average Target
+24.82%
Consensus

Quarterly revenue - Rate of surprise

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