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OWL LABS EQUITY RESEARCH
096770 · SIGNATURE REPORT OWL-260729-096770 · JULY 29, 2026
SIGNATURE QUANT PROFILE · 에너지
SK Innovation Co., Ltd. 096770 · KOSPI
에너지 · KRW listed
OWL VERDICT
CAUTIOUS
Grade C · Score 45 / 100
⚠ Failed primary financial screen
LAST PRICE
₩108,600
▼ -3.6%
OWL FAIR VALUE
₩135,419
+24.7% vs price
STREET TARGET
₩136,952
+26.1% · 21 analysts
MARKET CAP
₩18.4T
div yield 1.84%
P/E · P/B
— · 0.8
ROE -15.4%
52-WEEK RANGE
87,700–155,400
now at 31th pctile
Investment Summary
01
Quality vs. price, measured. Quality axes (ROE -15.4%, op. margin 0.6%) score 0/40; value axes (P/E, P/B 0.84x, EV/EBITDA, dividend) score 47/80. The composite 45/100 (grade C) is that arithmetic.
02
No tracked 13F position. None of the 9 tracked managers reports 096770 this quarter (13F covers US-listed instruments only) — see p.3 for each book's style lens.
03
0 of 5 value strategies pass. No mechanical screen admits 096770; the other 5 reject on their coded rules (details p.2).
04
What would change this report. Model fair value is ₩135,419 (+24.7% vs price); The verdict changes only when the data changes — screening reruns every weekday.
THE OWL VIEW
The composite lands mid-range: 45/100 — 0/5 value screens pass. We grade 096770 C — Cautious: the data supports watching, not chasing, at current measurements.
This report aggregates Owl Labs quant modules — 7-axis screener, 5 value strategies, 9 guru 13F filings, fair-value model, technical signals and news. All figures are measured from data sources as of the date above; sentences are rule-based templates (no generative claims). The score is a fitness test of reported fundamentals against today’s price — a screener, not a forecast; forward growth is not part of the score. Not investment advice.
096770 · SIGNATURE REPORT OWL-260729-096770 · JULY 29, 2026
Valuation — Five Value Disciplines
SECTION 02 OF 5
Each strategy is a mechanical screen coded from the discipline's published rules — a stock either passes or it does not. 096770 passes 0 of 5. Verdicts are computed, not opined; the measured inputs are shown for audit.
STRATEGY
MECHANICAL CRITERIA
VERDICT
MEASURED INPUTS
Graham Defensive
Low P/E × low P/B composite screen
FAIL
—
Greenblatt Magic Formula
Earnings yield + return on capital, top 30%
FAIL
ROE -15.4%
Prasad Deep Value
Low P/B, low leverage, positive earnings
FAIL
P/B 0.84x
Simple DCF
OWL LABS EQUITY RESEARCH
096770 · SIGNATURE REPORT OWL-260729-096770 · JULY 29, 2026
Smart-Money Positioning — 9 Tracked Managers
SECTION 03 OF 5
Holdings from SEC 13F filings (disclosed ~45 days after quarter end). Weight = % of the manager's disclosed US long book. 13F covers US-listed instruments only — a Korean-listed share is "not reportable", not "passed over". These are filed positions — not the managers' opinions on this stock.
MANAGER
FUND
STYLE
WEIGHT
ACTION
STYLE LENS (RULE-BASED)
Warren Buffett
Berkshire Hathaway Inc.
Value
—
NO POSITION
Out of 13F scope — US-listed instruments only
Ray Dalio
Bridgewater Associates, LP
Macro
—
NO POSITION
Out of 13F scope — US-listed instruments only
OWL LABS EQUITY RESEARCH
096770 · SIGNATURE REPORT OWL-260729-096770 · JULY 29, 2026
Tape, Catalysts & Risk Register
SECTION 04 OF 5
Technical Readout as of Tue Jul 28
RSI (14d)50.7 — neutral
MACD vs signal+1486.10 above
MA20 / MA60₩109,040 / ₩114,320
Cross stateNone
Distance to 52-wk high-30.1%
52-wk range position31th percentile
Day change-3.6%
OWL LABS EQUITY RESEARCH
096770 · SIGNATURE REPORT OWL-260729-096770 · JULY 29, 2026
Financial Record & Final Judgment
SECTION 05 OF 5
FISCAL YEAR
FY2023
FY2024
FY2025
Revenue
₩77.29T
₩74.27T
₩80.30T
Operating income
₩1.90T
₩0.36T
₩0.45T
Net income
₩0.26T
-₩2.26T
-₩3.35T
Op. margin
2.5%
0.5%
0.6%
Net margin
0.3%
-3.0%
-4.2%
ROE
1.2%
-9.2%
-15.4%
0/20
Op. margin
0/20
EV/EBIT
12/20
Dividend
11/20
Attention
13/20
Composite (incl. adj.)45 / 100 · C
KR universe rank#597 of 1036 · top 58%
Value screens passed0 / 5
52-wk range position31%
Next earningsTBA
Axis weights are proprietary; axis names and raw scores are disclosed. Attention measures news & search interest — a crowding proxy, not a quality signal.
One-line read: 에너지 name scoring 45/100 (grade C), passing 0/5 value strategies.
Conservative discounted cash flow vs price
FAIL
Model ₩135,419 vs ₩108,600
Damodaran Relative
Multiples vs sector median, growth-adjusted
FAIL
—
Fair-Value Bridge method blend, measured
Justified PBR (ROE-based) (w20%)₩129,286
Analyst target (21) (w80%)₩136,952
Owl fair value / share₩135,419
Upside at ₩108,600+24.7%
MODEL INPUTS (DISCLOSED)
P/E · P/B—x · 0.84x
ROE (latest FY)-15.4%
ROE (3-yr avg, normalized)-7.8%
Revenue CAGR (2-yr)+1.9%
Band: CHEAP · justified-multiple model with quality/growth adjustments — an estimate, not a promise.
Sensitivity value per share
EARNINGS ↓ / MULTIPLE →
-10%
base
+10%
-10%
₩109,689
₩121,877
₩134,065
base (measured)
₩121,877
₩135,419
₩148,961
+10%
₩134,065
₩148,961
₩163,857
Simple sensitivity (reference): ±10% arithmetic on the measured blended fair value — earnings basis × fair multiple. Not a forecast; no projected figures are used.
Read this like a memo: the model says ₩135,419 and the Street consensus says ₩136,952 (21 analysts). The gap is the assumption set — both are computed from disclosed inputs above; underwrite the difference yourself.
Information only — not investment advice · Sources: exchange data · SEC EDGAR · DART · Owl Labs models
No tracked manager reports a US-listed long position in 096770 this quarter. 13F covers only US-listed instruments (e.g., ADRs) — "not held" may simply mean not reportable.
13F filings disclose US-listed long positions ~45 days after quarter end. "Style lens" lines relate this stock to each investor's public style using measured metrics only — they are not the managers' actual views. For Korean stocks, 13F covers only US-listed instruments (e.g., ADRs) — "not held" may simply mean not reportable.
Information only — not investment advice · Sources: exchange data · SEC EDGAR · DART · Owl Labs models
Measured state: RSI 50.7 (neutral), MACD above its signal, no MA cross is active. Read the tape as one input, not a verdict.
Catalyst Calendar
No confirmed earnings date in calendar
Every weekday — quant screening refreshscore update
Quarterly — 13F filing window (~45d after quarter end)13F refresh
Forward Signals (unscored) consensus data · never scored
Street target consensus₩136,952 (21)
Implied upside vs price+26.1%
Next-quarter EPS estimate—
Next-quarter revenue estimate—
Shown for context, never scored: the composite grades only reported fundamentals. Forward numbers are third-party consensus — treat them as the market’s assumption set, not ours.
Risk Register
HIGH
Failed primary financial screen. Debt/liquidity gate not cleared — the composite grade carries a structural caveat (cover page).
MID
감자(자본감소)(disclosure flag · DART)
HIGH
Drawdown state. Price sits -30.1% below the 52-week high (31th percentile of the range) — measured tape, not a judgment of cause.
WHAT THE BEARS MUST PROVE / WHAT THE BULLS MUST PROVE
Bears: that the measured quality base cracks — ROE -15.4% and op. margin 0.6% are what the score leans on. Bulls: less on price — the model's ₩135,419 sits +24.7% above; they must show the measured fundamentals hold through the next filings.
Information only — not investment advice · Sources: exchange data · SEC EDGAR · DART · Owl Labs models
07/26 — SK Eternics, a domestic eco-friendly renewable energy developer, is drawing attention from the stock.. (매일경제)
07/21 — SK Innovation Co., Ltd. acquired Coil BESS Ltd. for KRW 1.3 billion. (marketscreener.com)
07/16 — SK Innovation is strong in expectations for an earnings surprise in the second quarter.According to (매일경제)
External media — accuracy rests with each outlet.
Methodology & how to use
Every number in this report is measured — pulled from the screener database, SEC EDGAR 13F filings, DART disclosures, company financials, or deterministic models (justified-multiple fair value). Sentences are rule-based templates bound to those numbers; nothing is generated, so nothing is hallucinated. Axis weights and the sector adjustment are proprietary; axis names, raw scores, and every input above are disclosed for audit.
Known limits, stated plainly. ① Backward-looking — the score grades reported fundamentals and today's price; future inflections (a cycle turn, next year's earnings) are not scored and appear only as unscored context (street target, catalysts). A low score can mean "great business, full price". ② The composite is this framework's ranking, not an absolute quality of the company. ③ 13F covers US-listed holdings only. Use the report as a screener; pair it with your own forward and qualitative work before acting.
C
CAUTIOUS
Final judgment. 096770 scores 45/100 (grade C) — rank #597 of 1036 in the KR universe. Axis split: quality 0/40 · value 47/80 · attention 13/20. Model fair value ₩135,419 (+24.7% vs price). The verdict changes only when the data changes.
Grade rubric: A 85+ (top conviction basket) · B 65+ (sound, price matters) · C 45+ (no rush) · D below (weak case). The verdict changes only when the data changes — next screening runs every weekday.
Owl Labs is an online information provider. This document is compiled from public data sources (exchange quotes, SEC EDGAR 13F, DART filings, company financials, news RSS) and Owl Labs quantitative models. It is not investment advice, not a solicitation to trade any security, and past data does not guarantee future results. Figures may differ from real-time values. Final investment decisions and responsibility rest solely with the investor. Unauthorized redistribution prohibited.
