Frontierby eninvs

Language: EN · RU

← Region

S-Oil (010950) KRW

At a glance: strengths & risks
✓Cheaper than own history (EV/EBITDA 6.8 vs avg 11.4)✗Revenue declining (-7%)✗High leverage (4.5x EBITDA)

Sector: Oil refining

KR_010950

Price chart

150 800 KRWDay -0.59%

Key metrics

Net debt (table and EV/EBITDA): |short-term borrowings| + |long-term borrowings| + |other financial liabilities| when extracted + |non-controlling interest| when extracted − |cash and equivalents|; amounts in millions of the reporting currency.

Market

Price
150 800 KRW · -0.59%
Market cap
17556.2 bn KRW

Growth

Δ revenue y/y
40.9%
Δ EBITDA y/y
-11.2%

Multiples

P/E (LTM)
21.9x
3y avg: 39.0x
P/B (FY)
2.0x
P/E (ann.)
8.5x
EV/EBITDA (LTM)
6.8x
3y avg: 11.4x
EV/EBITDA (ann.)
5.2x

Cash return

Dividend yield
0.7%
FCF yield (LTM)
-4.2%

Liquidity

Daily turnover (listing)
50.2 bln KRW

Shares: verified/reconciled_vs_marketcap

Amounts: USD (converted) · As reported
Converted modes use NBK / ECB-linked rates: balance sheet date for BS items, period average for P&L and cash flow (see filing row evidence). As reported keeps each row in its filing currency.

Financial results

Monetary columns are in T KRW, one decimal; scale (K/M/B/T) keeps values readable. For the period (default) shows P&L and cash flow for that row’s reporting window: quarterly amounts when the feed uses quarter-duration facts (typical US 10-Q revenue and income), quarterly cash flows after stripping YTD where only cumulative tags exist, and an implied Q4 on 31 Dec FY rows (P&L: FY minus Q1–Q3; operating / investing cash flow: FY 12m minus 9M YTD to 30 Sep when sourced from SEC builder evidence) so they match 10-Q scale. Some issuers still use cumulative YTD minus the prior row in the same calendar year. As reported shows values stored on each row (e.g. full-year on FY). Balance sheet is always as reported. Source JSON may use millions etc.; conversion uses amounts_unit per row.

DatePeriodStatusRevenueT KRWOperating profitT KRWD&AT KRWEBITDAT KRWNet profitT KRWOperating CFT KRWCapex + M&AT KRWAssetsT KRWEquityT KRWROE (annualized)Net debtT KRWSource
2026-06-30Q2 2026 (3M)OK11.3
y/y 40.9%
1.0
y/y —
0.2
y/y 5.2%
1.2
y/y —
-0.2
y/y —
0.5-0.230.2
y/y 23.1%
10.1
y/y 17.5%
20.9%7.0Link
2026-03-31Q1 2026 (3M)OK8.9
y/y -0.5%
1.2
y/y —
0.2
y/y 8.2%
1.4
y/y 731.5%
0.7
y/y —
-0.5-0.428.9
y/y 19.6%
9.6
y/y 10.6%
31.3%6.8—
2025-12-31Q4 2025 (3M)OK8.8
y/y -1.4%
0.4
y/y 67.3%
0.2
y/y 8.4%
0.6
y/y 40.0%
0.2
y/y 270.9%
1.9-1.226.6
y/y 8.6%
8.9
y/y 2.2%
2.0%5.7—
2025-09-30Q3 2025 (3M)OK8.4
y/y -4.8%
0.6
y/y —
0.2
y/y 6.0%
0.4
y/y —
0.1
y/y —
0.9-0.925.0
y/y 10.9%
8.6
y/y -1.6%
1.0%6.4—
2025-06-30Q2 2025 (3M)OK8.0
y/y -15.9%
-0.3
y/y -314.1%
0.2
y/y 11.0%
-0.1
y/y -141.4%
-0.1
y/y —
0.4-1.124.6
y/y 12.0%
8.6
y/y -4.7%
-3.1%6.3—
2025-03-31Q1 2025 (3M)OK9.0
y/y -3.4%
0.0
y/y -104.7%
0.2
y/y 4.0%
0.2
y/y -73.0%
0.0
y/y -126.8%
0.8-0.624.1
y/y 8.2%
8.7
y/y -4.2%
-2.1%5.7—
2024-12-31Q4 2024 (3M)OK8.9
y/y -9.3%
0.2
y/y 494.2%
0.2
y/y -0.5%
0.4
y/y 202.8%
-0.1
y/y -182.1%
1.5-1.424.5
y/y 13.3%
8.7
y/y -3.8%
-2.2%5.9—
2024-09-30Q3 2024 (3M)OK8.8
y/y -1.8%
-0.6
y/y -148.3%
0.2
y/y 3.1%
-0.2
y/y -121.6%
-0.2
y/y -137.8%
0.1-0.722.5
y/y 3.6%
8.8
y/y -1.3%
-3.1%4.7Link
2024-06-30Q2 2024 (3M)OK9.6
y/y —
-0.3
y/y —
0.2
y/y —
0.3
y/y —
-0.2
y/y —
0.1-0.621.9
y/y —
9.0
y/y —
-0.9%4.2Link
2024-03-31Q1 2024 (3M)OK9.3
y/y —
0.5
y/y —
0.2
y/y —
0.6
y/y —
0.2
y/y —
-0.1-0.322.3
y/y —
9.0
y/y —
7.4%3.2Link
2023-12-31Q4 2023 (3M)OK9.8
y/y —
-0.1
y/y —
0.2
y/y —
0.1
y/y —
0.2
y/y —
1.7-0.921.6
y/y —
9.0
y/y —
10.6%3.7—
2023-09-30Q3 2023 (3M)OK9.0
y/y —
0.9
y/y —
0.2
y/y —
1.0
y/y —
0.5
y/y —
-0.3-0.621.7
y/y —
8.9
y/y —
—4.3Link

Revenue & EBITDA

RevenueEBITDA

Quarterly values (KRW mln)

-2 500 00002 500 0005 000 0007 500 00010 000 00012 500 0002024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Year-over-year change

-200%-100%0%100%200%2024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Cash flow

FCF (KRW mln)

-1 000 000-500 0000500 0001 000 0002024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Net debt / cash (KRW mln)

02 000 0004 000 0006 000 0008 000 0002024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Profit and cash

Worth a look
In a typical year of 2021–2025 operating cash flow came to 1.87x of reported net profit; after capex, 0.43x. Loss years (2024) are left out of the ratio.
year20212022202320242025
cash flow / profit1.07x0.79x2.66x—22.28x
accruals, % of assets—2.3%-7.3%-6.8%-14.2%
Last twelve months (to 2026-06-30): 3.27x of profit came back as operating cash flow.
net debt / EBITDA 4.5x · capex 2.8x of depreciation
● Net debt / EBITDA 4.5x at the last full year.
Read from the reported annual statements: cash flow / profit is the median of the yearly operating cash flow over net profit for the years shown; accruals are (profit − operating cash flow) / assets, the classic gap between what was booked and what was collected. A gap can be growth in working capital, capitalised costs, revaluations or profit from associates — the panel points at it, the statements explain it. Not investment advice.

Revenue growth & acceleration

Growth decelerating ▼
Last-year revenue growth -7% vs +3% the year before — a -9.1 pp move. 3-year CAGR -7%.
revenue growth by year: 2023 -16% · 2024 +3% · 2025 -7%
The growth-acceleration signal behind the GARP+acceleration strategy — it favours companies whose revenue growth is speeding up and flags those slowing down (the second derivative of growth).

Dividends

Paid (completed)

DatePer shareDetailsStatusSource
2026-08-24800 KRWEx-dividend: 800 KRW per sharePaidYahoo Finance (ex-div)
2026-04-03330 KRWEx-dividend: 330 KRW per sharePaidYahoo Finance (ex-div)
2024-08-14125 KRWEx-dividend: 125 KRW per sharePaidYahoo Finance (ex-div)
2023-12-271 500 KRWEx-dividend: 1 500 KRW per sharePaidYahoo Finance (ex-div)
2023-06-29200 KRWEx-dividend: 200 KRW per sharePaidYahoo Finance (ex-div)
2022-12-283 000 KRWEx-dividend: 3 000 KRW per sharePaidYahoo Finance (ex-div)
2022-06-292 500 KRWEx-dividend: 2 500 KRW per sharePaidYahoo Finance (ex-div)
2021-12-292 800 KRWEx-dividend: 2 800 KRW per sharePaidYahoo Finance (ex-div)

KASE: status follows wording in the news headline (paid vs intends to pay). Yahoo: amounts are cash dividends per share on ex-dividend dates (UTC calendar date). stockscope.uz (UZ): amounts are per share in UZS by publication date (not necessarily ex-div).

Reporting forms detected in loaded periods: ✓ ✓ ✓ (Balance sheet / Profit or loss (P&L) / Cash flows)

Financial results, valuation multiples (P/E, P/B, EV/EBITDA), profitability and dividend yield of S-Oil (010950) — from primary filings.

Frequently asked questions

What is S-Oil (010950)'s P/E ratio?
S-Oil (010950) trades at a P/E of 21.9x (price to trailing 12-month earnings).
What is S-Oil (010950)'s EV/EBITDA?
S-Oil (010950) trades at 6.8x EV/EBITDA.
What is S-Oil (010950)'s P/B ratio?
S-Oil (010950) trades at a P/B of 2.0x.
What is S-Oil (010950)'s dividend yield?
S-Oil (010950)'s trailing 12-month dividend yield is 0.7%.
What is S-Oil (010950)'s return on equity (ROE)?
S-Oil (010950)'s ROE is 20.9%.
What is S-Oil (010950)'s market capitalization?
S-Oil (010950)'s market cap is 17556.2 bn KRW.

See also: The Cheapest Stocks in the World (2026): What Value Investing Says About Buying Cheap · global valuation map