SK Eternix Co., Ltd.

SK Eternix Co., Ltd.

KKRX:475150
40,350.00
KRW
-450.00
(-1.10%)
218.96EPS
235.12P/E
1.76TMarket Cap
Nov 12Next Earn
2024 Y
2025 Y
TTM
Revenue per Share
10,047.22
11,435.49
16,636.76
Basic EPS, GAAP
677
911
219.89
Free Cash Flow per Basic Share
1,622.09
-1,158.93
-2,405.94
Dividend per Share
- -
- -
- -
Book Value per Share
7,186.8
8,094.59
7,888.04
Tangible Book Value per Share
6,986.61
7,924.51
7,692.55
Basic Weighted Avg Shares
33
34
34
Sales/Revenue/Turnover
332,152
385,641
562,798
Operating Margin (%)
11.33
13.74
9.23
Depreciation Expense
22,405
26,985
26,970
Net Income, GAAP
22,381
30,722
7,439
Effective Tax Rate (%)
18.57
19.27
27.7
Profit Margin (%)
6.74
7.97
1.32
Working Capital
-42,039
-91,104
-20,117
LT Debt
152,540
191,959
261,313
Total Equity
241,973
273,041
268,542
Return on Invested Capital (%)
- -
6.71
4.89
Return on Capital (%)
- -
8.12
3.68
Return on Common Equity (%)
- -
11.93
2.83

Capital Structure

KRW

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
265,614
260,019
324,008
LT Borrowings
187,062
276,032
257,131
LT Finance Leases
4,897
4,221
4,182
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
34
34
34
Market Capitalization
698,236
1,848,599
1,760,084

Working Capital

KRW

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
721,684
763,333
656,253
Cash, Cash Equivalents & STI
119,265
130,077
108,835
Accounts Receivable, Net
55,916
72,684
57,221
Inventories
399,005
400,779
203,984
Total Current Liabilities
812,788
815,614
676,370
Payables & Accruals
- -
- -
- -
ST Debt
265,614
260,019
324,008
Deferred Revenue
- -
- -
- -

Growth Rates

KRW

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
- -
12.84%
Free Cash Flow
- -
- -
-172.88%
Net Income, GAAP
- -
- -
37.27%
Sales/Revenue/Turnover
- -
- -
16.1%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
332,152
2025
25,933
65,324
46,428
247,956
385,641
2026
27,523
240,892
- -
- -
- -

Quarterly Earnings Per Share

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
677
2025
29
424
-149.78
607.63
911
2026
-151.22
-84.98
- -
- -
- -

Quarterly Dividends Per Share

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

CEO
Hae-Jung Kim
Full Time Employees
108
Sector
Utilities
Industry
Alternative power generation
Address
Seongnam-si South Korea
IPO Date
Mar 29, 2024
Business
SK Eternix Co., Ltd. is a South Korea-based renewable energy developer and eco-friendly power solutions provider specializing in the development, engineering, procurement, construction, operation, and maintenance of clean energy generation assets and grid infrastructure. The company operates across five core business divisions: Solar Power, Wind Power, Energy Storage Systems (ESS), Fuel Cells, and Power Trading Solutions. Within its Solar Power business, the company develops, finances, constructs, and operates utility-scale, commercial, and distributed photovoltaic power plants; in its Wind Power segment, it oversees the full lifecycle development, turbine installation, and long-term asset management of utility-scale onshore and offshore wind farms, including projects such as the Gasiri, Uljin, and Gunwi wind generation complexes as well as large-scale offshore wind initiatives off the southwestern coast of South Korea; through its Energy Storage Systems (ESS) operations, it delivers customized commercial, industrial, and grid-scale battery energy storage solutions for peak shaving, renewable energy integration, frequency regulation, and power quality stabilization; its Fuel Cell division develops, builds, and operates high-efficiency, baseload distributed power generation plants utilizing advanced Solid Oxide Fuel Cell (SOFC) technology, encompassing regional plants in Cheongju, Eumseong, and Boeun; and via its Energy Solutions and Power Trading division, it provides Virtual Power Plant (VPP) management, direct corporate Power Purchase Agreements (corporate PPAs), and Renewable Energy Certificate (REC) brokerage services designed to enable corporate clients to achieve RE100 decarbonization mandates. Originally established as the eco-friendly energy division of SK D&D Co., Ltd. within the SK Group conglomerate, SK Eternix was incorporated as an independent corporate entity in March 2024 through a corporate spin-off and demerger, subsequently listing its common shares on the Korea Exchange under the ticker KRX:475150. Following its independent listing, the company has actively accelerated its business expansion, establishing strategic investment partnerships with international clean energy fund managers including Glennmont Partners from Nuveen Infrastructure to co-invest in renewable generation assets and battery storage infrastructure, while simultaneously advancing market entry into the United States energy storage market and scaling direct corporate PPA contracts with major domestic industrial manufacturers. Headquartered in Seongnam-si, Gyeonggi-do, South Korea, SK Eternix primarily serves utility operators, industrial power consumers, commercial off-takers, and public institutions across South Korea with growing operations in international renewable markets.