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Technology Services

SK Holdings Co., Ltd.

Company Background

As the holding company of SK group, South Korea's third-largest conglomerate, SK Holdings owns significant stakes in petrochemical producer SK Innovation, mobile carrier SK Telecom and contractor SK Engineering & Construction. The holding company also has its own information technology services.

Taiwan's Hon Hai Precision Industry, better known as Foxconn Technology Group, owns 3.5% of SK Holdings.

In August 2015, IT company SK C&C, the group's de facto holding company, merged with an intermediate holding company to simplify the ownership structure. Group Chairman Chey Tae-won has a 23% stake in the new entity, SK Holdings.

In addition to IT services, such as the system integration and outsourcing provided by SK C&C, the company is aggressively pursuing new services such as cloud computing, the "Internet of Things" and big data. It also sells used cars and cellphones.

Through a capital and business alliance with Foxconn, SK Holdings provides IT services to help streamline production at Foxconn plants. The group sees the relationship as its ticket into the Chinese market.

In May 2015, Foxconn and SK C&C formed a joint venture, FSK Holdings, in Hong Kong. In October, Foxconn and SK jointly acquired Hong Kong-listed Daiwa Associate Holdings, a maker of smart sensors.

Business Summary

SK Holdings Co., Ltd. engages in provision of information technology(IT) services. It operates through the holding and IT business divisions. The holding division provides management training services. IT business division offers system integration and IT outsourcing services. The company was founded on April 13, 1991 and is headquartered at Seoul, South Korea.

Financial Highlights

Dec 2019 KRWUSD
Revenue99,264.57B85,119.11M
Gross Profit8,415.91B7,216.62M
Operating income3,949.86B3,386.99M
Income before tax2,180.58B1,869.84M
Net income755,082M647.48M
EBITDA11,459.45B9,826.45M
Diluted EPS12,916.8711.07
Dividends Per Share5,0004.28
Total Assets132,020.67B114,160.30M
Total liabilities79,838.04B69,037.17M
Total equity16,685.76B14,428.44M
Operating cash flow7,982.18B6,844.69M
Currency in KRWCurrency in USD

Historical Data

 Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019
Revenue 39,569.77B 82,729.87B 90,612.83B 100,161.64B 99,264.57B
Gross Profit 3,915.20B 9,377.91B 10,328.63B 9,095.78B 8,415.91B
Operating income 1,403.26B 5,280.78B 5,745.02B 4,683.79B 3,949.86B
Income before tax 6,238.84B 4,389.65B 7,443.14B 3,892.66B 2,180.58B
Net income 5,382.25B 823,032M 1,720.25B 1,878.32B 755,082M
EBITDA 3,603.52B 10,493.98B 11,364.81B 10,143.03B 11,459.45B
Diluted EPS -- -- -- 40,309.90 12,916.87
Dividends Per Share 3,400 3,700 4,000 5,000 5,000
Total Assets 96,633.80B 103,047.33B 109,783.46B 119,456.99B 132,020.67B
Total liabilities 56,556.55B 60,720.61B 64,027.04B 68,569.11B 79,838.04B
Total equity 12,566.51B 13,112.35B 13,660.08B 16,627.51B 16,685.76B
Operating cash flow 4,588.85B 9,110.67B 6,930.08B 7,856.50B 7,982.18B
 Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019
Revenue 34,961.70M 71,307.19M 80,152.15M 91,013.18M 85,119.11M
Gross Profit 3,459.25M 8,083.09M 9,136.26M 8,265.00M 7,216.62M
Operating income 1,239.84M 4,551.65M 5,081.79M 4,255.99M 3,386.99M
Income before tax 5,512.30M 3,783.56M 6,583.88M 3,537.12M 1,869.84M
Net income 4,755.46M 709.39M 1,521.66M 1,706.76M 647.48M
EBITDA 3,183.88M 9,045.06M 10,052.81M 9,216.59M 9,826.45M
Diluted EPS -- -- -- 36.62 11.07
Dividends Per Share 3.00 3.18 3.53 4.54 4.28
Total Assets 82,413.37M 85,318.20M 102,548.65M 107,059.49M 114,160.30M
Total liabilities 48,233.81M 50,273.72M 59,807.61M 61,452.87M 69,037.17M
Total equity 10,717.25M 10,856.39M 12,759.87M 14,901.87M 14,428.44M
Operating cash flow 4,054.46M 7,852.74M 6,130.04M 7,138.91M 6,844.69M

Valuation Measures

Dec 2019
PER20.28
ROA0.60%
ROE4.53%
Operating margin3.97%
Profit margin0.76%

Key executives

  • Co-Chief Executive Officer & Director: Tae-Won Chey
  • President, Chief Executive Officer & Director: Dong-Hyun Jang
  • Executive Board Member & Head-Finance: Eui-Dong Jang
  • Executive Board Member: Jung-Ok Ahn
  • Executive Board Member: Eun-Kyeong Kim

Shareholders

  • SK Holdings Co., Ltd. (20.6%)
  • CHEY TAE-WON (18.4%)
  • National Pension Service of Korea (8.4%)
  • CHEY GI-WON (6.8%)
  • CHEY JAE-WON (2.3%)
  • The Vanguard Group, Inc. (1.3%)
  • BlackRock Fund Advisors (1.1%)
  • Norges Bank Investment Management (0.9%)
  • CHEY SUNG-HWAN /SK/ (0.7%)
  • Samsung Asset Management Co., Ltd. (0.5%)

Contact Details

  • Website:http://www.sk.co.kr
  • Address: 26 Jong-ro, Jongno-gu, Seoul, 03188, South Korea
  • Phone: +82.2.2121.5114

Related Companies

  • SK China (Beijing) Co., Ltd.
  • SK imedia
  • Optima Leasing SA
  • SKT Vietnam Pte Ltd.
  • SK Maritime Co., Ltd.
  • SK Life Science, Inc.
  • Gemini Partners Pte Ltd.
  • SK Biotek, Inc.
  • Green IS Co., Ltd.
  • Leviathan Asset Co., Ltd.
  • Highway Star Co., Ltd.
  • SK Networks Internet, Inc.
  • SK, Inc.
  • West-Seoul Highway Co., Ltd.
  • Makers Holdings Co., Ltd.
  • Yubase Manufacturing Asia Corp.
  • SK Networks Hong Kong Ltd.
  • SK China Co., Ltd.
  • SK Biopharmaceuticals Co., Ltd.
  • SK Siltron Co., Ltd.
  • SKC, Inc. (Georgia)
  • SKC, Inc.
  • SK Holdings Co., Ltd. Employee Stock Ownership Association
  • Busan City Gas Co., Ltd.
  • AMPAC Fine Chemicals LLC

Competitors

  • 3S KOREA Co., Ltd.
  • ChongKunDang Holdings Corp.
  • CJ Corporation
  • DAESUNG HOLDINGS Co., Ltd.
  • Daesung Industrial Co., Ltd
  • DB Inc.
  • Fuwei Films (Holdings) Co., Ltd.
  • GlobalWafers Co., Ltd.
  • Hubei Guochuang Hi-Tech Material Co ltd Class A
  • Kawasaki Kisen Kaisha, Ltd.
  • KINX Inc.
  • KL-Net Corp
  • KYUNGDONG INVEST CO. LTD.
  • Samchully Co., Ltd
  • Samhwa Paint Industrial Co., Ltd.
  • SEOUL CITY GAS CO., LTD.
  • Siltronic AG
  • UFlex Limited
  • Xenon Pharmaceuticals Inc.
Last Updated on 1 Jul, 2020

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