SK Oceanplant Co Ltd
SK Oceanplant Co Ltd operates in the Industrials sector, specifically within the Machinery industry, generating revenue through industrial equipment or related services.
Business. SK Oceanplant Co Ltd operates in the Industrials sector, specifically within the Machinery industry, generating revenue through industrial equipment or related services.
Analyst recommendations
7 analysts · consensus BuyAt a glance
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The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.
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- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
Signals & dispatch
Composite-score breakdown
Synthesis
SK Oceanplant Co Ltd operates in the Industrials sector, specifically within the Machinery industry, generating revenue through industrial equipment or related services.
SK Oceanplant maintains a conservative capital structure with a debt-to-equity ratio of 0.26 and a current ratio of 1.04, indicating adequate short-term liquidity despite a medium liquidity risk rating. The balance sheet shows total assets of 1.15 trillion KRW against total liabilities of 333.7 billion KRW, resulting in a net equity position of 814.5 billion KRW. However, the company holds only 23.0 billion KRW in cash and equivalents against 215.7 billion KRW in long-term debt, resulting in a negative net cash position. Operating cash flow is negative at -39.8 billion KRW, driven by significant capital expenditures of -59.6 billion KRW, which exceeds the operating cash inflow, leading to a free cash flow of -3.7 billion KRW.
Profitability metrics show a return on equity of 5.31% and a return on assets of 3.77%, suggesting modest efficiency in utilizing shareholder capital and assets. The company generated a gross profit of 91.6 billion KRW on revenues of 965.4 billion KRW, resulting in a gross margin of approximately 9.5%. Operating income stands at 53.6 billion KRW, translating to an operating margin of roughly 5.6%, while net income is 37.8 billion KRW, yielding a net margin of approximately 3.9%. These margins indicate a low-margin business model typical of heavy machinery or industrial contracting sectors, where volume and operational efficiency are critical drivers of profitability.
- Conservative leverage with a debt-to-equity ratio of 0.26 and a current ratio of 1.04, but negative net cash position due to high long-term debt relative to cash holdings.
- Modest profitability with a 5.31% ROE and 3.9% net margin, reflecting a low-margin industrial business model.
- Negative operating cash flow of -39.8 billion KRW driven by high capital expenditures of -59.6 billion KRW, indicating significant investment activity.
- Strong analyst sentiment with a mean price target of 28,000 KRW and a 1.57 mean recommendation, suggesting upside potential from the current price of 15,120 KRW.
- Low dilution risk with no difference between basic and diluted shares outstanding, but medium liquidity risk due to cash flow pressures.
Bull / Bear case
Generated · model-assistedAnalysts project 108.5% upside to a mean price target of 28,000 KRW, signaling strong market confidence.
Net income surged 130.6% year-over-year to 37.8 billion KRW in FY2026, demonstrating robust profitability growth.
Free cash flow improved by 96.4% to -3.7 billion KRW, indicating a significant reduction in cash burn.
Revenue grew at a 17.7% CAGR over four years, reaching 965.4 billion KRW in FY2026.
Long-term debt decreased to 215.7 billion KRW in FY2026, reflecting a consistent deleveraging trend since 2022.
Cash conversion ratio sits at -0.92, placing the company in the bottom quartile of its peer cohort.
Operating margin of 6.7% and net margin of 4.9% both trail the respective cohort medians.
The company faces medium liquidity and credit risks, posing potential challenges to financial stability.
Capex intensity of -6.75% exceeds the cohort median of -3.74%, suggesting higher capital requirements.
In focus — financials by report
Revenue KRW 174.66B, −32,1% YoY; Operating income +52,7% YoY.
- ▍Revenue KRW 174.66B, −32,1% YoY
- ▍Operating income +52,7% YoY
- ▍Net income +124,4% YoY
- ▍Free cash flow +55,6% YoY
- ▍Net margin 5.6%
Revenue KRW 174.47B, +7,0% YoY; Operating income −42,8% YoY.
- ▍Revenue KRW 174.47B, +7,0% YoY
- ▍Operating income −42,8% YoY
- ▍Net income +3 530,5% YoY
- ▍Free cash flow +118,8% YoY
- ▍Net margin 7.8%
Revenue KRW 293.16B, +47,2% YoY; Operating income +346,1% YoY.
- ▍Revenue KRW 293.16B, +47,2% YoY
- ▍Operating income +346,1% YoY
- ▍Net income +22,9% YoY
- ▍Free cash flow +137,7% YoY
- ▍Net margin 3.8%
Revenue KRW 240.62B, +38,8% YoY; Operating income +3,8% YoY.
- ▍Revenue KRW 240.62B, +38,8% YoY
- ▍Operating income +3,8% YoY
- ▍Net income +205,8% YoY
- ▍Free cash flow +104,9% YoY
- ▍Net margin 3.5%
Revenue KRW 257.14B; Operating income KRW 11.04B.
- ▍Revenue KRW 257.14B
- ▍Operating income KRW 11.04B
- ▍Net margin 1.7%
Revenue KRW 162.99B; Operating income KRW 13.56B.
- ▍Revenue KRW 162.99B
- ▍Operating income KRW 13.56B
- ▍Net margin 0.2%
Revenue KRW 199.18B; Operating income KRW 4.32B.
- ▍Revenue KRW 199.18B
- ▍Operating income KRW 4.32B
- ▍Net margin 4.6%
Revenue KRW 173.36B; Operating income KRW 14.98B.
- ▍Revenue KRW 173.36B
- ▍Operating income KRW 14.98B
- ▍Net margin 1.6%
Revenue KRW 965.39B, +45,7% YoY; Operating income +28,2% YoY.
- ▍Revenue KRW 965.39B, +45,7% YoY
- ▍Operating income +28,2% YoY
- ▍Net income +130,6% YoY
- ▍Free cash flow +96,5% YoY
- ▍Net margin 3.9%
Revenue KRW 662.62B, −28,4% YoY; Operating income −44,6% YoY.
- ▍Revenue KRW 662.62B, −28,4% YoY
- ▍Operating income −44,6% YoY
- ▍Net income −71,5% YoY
- ▍Free cash flow −192,0% YoY
- ▍Net margin 2.5%
Revenue KRW 925.84B, +33,8% YoY; Operating income +5,0% YoY.
- ▍Revenue KRW 925.84B, +33,8% YoY
- ▍Operating income +5,0% YoY
- ▍Net income +158,3% YoY
- ▍Free cash flow +54,4% YoY
- ▍Net margin 6.2%
Revenue KRW 691.83B, +37,5% YoY; Operating income +214,0% YoY.
- ▍Revenue KRW 691.83B, +37,5% YoY
- ▍Operating income +214,0% YoY
- ▍Net income +144,0% YoY
- ▍Free cash flow +24,0% YoY
- ▍Net margin 3.2%
Valuation TTM
Revenue by segment
Business relationships
Supply chain
Peer comparison
Market position
Stress test
Predictor forecast
| Metric | Our forecast | Guidance | Consensus |
|---|---|---|---|
| EPS | —no estimate | —no estimate | 807,67 |
| Revenue | —no estimate | —no estimate | 769,5B KRW |
| Operating income | —no estimate | —no estimate | 76,7B KRW |
Options
Short squeeze
Earnings-call key lines
Consensus distribution
sell-side coverageEstimate revisions
consensus EPS · 26-week trendSell-side observations
Themes
ESG
Risk factors
- Net cash is negative after subtracting total debt.
Benchmarks vs cohort
Corporate actions / M&A
FX exposure
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- Ev To Operating Incomeenterprise_value / operating_income
- Price To Bookmarket_price / (adjusted_book_value / shares_outstanding_diluted)
- Enterprise Valuemarket_cap - net_cash
- Cash Conversion Ratiooperating_cash_flow / net_income
- Market Capmarket_price * shares_outstanding_diluted
- Price To Earningsmarket_price / (net_income / shares_outstanding_diluted)
- SK Oceanplant Co Ltd Market data — financials · 2026-07-06
- SK Oceanplant Co Ltd Market data — analyst estimates · 2026-07-06