Daily BriefsIndustrials

Daily Brief Industrials: SK Inc and more

In today’s briefing:

  • SK Inc: Updated NAV Valuation Analysis


SK Inc: Updated NAV Valuation Analysis

By Douglas Kim

  • Our base case valuation of SK Inc is NAV of 17.5 trillion won (NAV per share of 239,095 won), representing a 60% upside from current levels.
  • SK Inc has underperformed most other SK Group related companies YTD but this underperformance may be excessive and SK Inc could outperform as more value investors seek deeply discounted companies.
  • SK Inc’s dividend yield is 3.3%, which is higher than the dividend yields of most other major SK Group companies excluding SK Telecom which has a dividend yield of 6.5%.

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