- SK Innovation‘s operating profit for the first quarter surpassed estimated figures, posting a profit of 624.74 billion won compared to the estimated 506.01 billion won.
- The company, however, reported a net loss of 72.60 billion won, against the estimated profit figure of 168.75 billion won.
- SK Innovation‘s sales for the first quarter also exceeded estimates, registering 18.86 trillion won in contrast to the predicted 18.45 trillion won.
- Alluding to market sentiments, SK Innovation received 21 buys, 7 holds and 1 sell rating.
SK Innovation on Smartkarma
Analyst coverage of SK Innovation on Smartkarma is gaining attention, particularly with a recent report by Douglas Kim. In his analysis titled “SK Innovation: Announces Share Cancellation of Nearly 4.92 Million Shares,” Kim highlights the significant announcement by SK Innovation to cancel 4.9% of its outstanding shares. This move is notable as it is the first major share cancellation by SK Innovation since its establishment in 2011. Despite the company’s disappointing performance in 2023, Kim suggests that the share cancellation could provide support to SK Innovation‘s share price in the upcoming weeks.
A look at SK Innovation Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 1 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 2 | |
| OVERALL SMART SCORE | 2.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
SK Innovation, the oil refining and distribution company, holds a positive long-term outlook based on the analysis of its Smartkarma Smart Scores. The company scores high in the areas of Value and Growth, indicating strong potential for future profitability and expansion. With a solid foundation in terms of value and growth prospects, SK Innovation is positioned to capitalize on market opportunities and deliver sustained performance over the long term.
However, areas such as Dividend, Resilience, and Momentum have lower scores, suggesting some challenges in terms of dividend payouts, business resilience to economic fluctuations, and short-term market momentum. Despite these weaker factors, the overall positive outlook for SK Innovation, fueled by its strong value and growth potential, paints a promising picture for the company’s future trajectory in the ever-evolving oil and petrochemical industries.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
