SK Inc.

In the news

IPO stocks in Thailand and South Korea surge on market debuts Jul 2, 2020
SK Biopharm to make stock market debut with $800m IPO Jul 1, 2020
KKR-led consortium invests $650m in Vietnam's Vinhomes Jun 17, 2020
SK Biopharm highlights drugs pipeline ahead of planned $800m IPO Jun 15, 2020
Asian stocks little changed amid lack of cues Dec 26, 2019

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 Inc. 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 2021	KRW	USD
Revenue	98,325.01B	85,861.42M
Gross Profit	10,305.33B	8,999.04M
Operating income	4,935.53B	4,309.91M
Income before tax	4,102.47B	3,582.44M
Net income	1,830.71B	1,598.65M
EBITDA	13,306.12B	11,619.45M
Diluted EPS	37,331.99	32.59
Dividends Per Share	8,000	6.98
Total Assets	165,380.86B	139,121.65M
Total liabilities	99,815.71B	83,966.95M
Total equity	21,248.34B	17,874.52M
Operating cash flow	6,125.17B	5,348.74M
	Currency in KRW	Currency in USD

Historical Data

KRW | USD

	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021
Revenue	90,612.83B	100,161.64B	97,811.54B	80,818.75B	98,325.01B
Gross Profit	10,328.63B	9,095.78B	8,145.67B	4,650.91B	10,305.33B
Operating income	5,745.02B	4,683.79B	3,735.87B	-76,894M	4,935.53B
Income before tax	7,443.14B	3,892.66B	2,239.04B	-767,954M	4,102.47B
Net income	1,720.25B	1,878.32B	798,394M	132,424M	1,830.71B
EBITDA	11,364.81B	10,143.03B	11,332.65B	7,895.21B	13,306.12B
Diluted EPS	--	40,309.90	12,910.25	3,540.50	37,331.99
Dividends Per Share	4,000	5,000	5,000	7,000	8,000
Total Assets	109,783.46B	119,456.99B	132,611.42B	137,667.90B	165,380.86B
Total liabilities	64,027.04B	68,569.11B	80,435.39B	85,807.98B	99,815.71B
Total equity	13,660.08B	16,627.51B	16,683.76B	17,435.04B	21,248.34B
Operating cash flow	6,930.08B	7,856.50B	8,027.73B	9,694.61B	6,125.17B

	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021
Revenue	80,152.15M	91,013.18M	83,873.14M	68,496.98M	85,861.42M
Gross Profit	9,136.26M	8,265.00M	6,984.89M	3,941.83M	8,999.04M
Operating income	5,081.79M	4,255.99M	3,203.50M	-65.17M	4,309.91M
Income before tax	6,583.88M	3,537.12M	1,919.97M	-650.87M	3,582.44M
Net income	1,521.66M	1,706.76M	684.62M	112.23M	1,598.65M
EBITDA	10,052.81M	9,216.59M	9,717.72M	6,691.49M	11,619.45M
Diluted EPS	--	36.62	11.07	3.00	32.59
Dividends Per Share	3.53	4.54	4.28	5.93	6.98
Total Assets	102,548.65M	107,059.49M	114,671.12M	126,731.01M	139,121.65M
Total liabilities	59,807.61M	61,452.87M	69,553.71M	78,991.05M	83,966.95M
Total equity	12,759.87M	14,901.87M	14,426.71M	16,049.93M	17,874.52M
Operating cash flow	6,130.04M	7,138.91M	6,883.76M	8,216.55M	5,348.74M

Valuation Measures

Dec 2021
PER	6.70
ROA	1.20%
ROE	9.46%
Operating margin	5.01%
Profit margin	1.86%

Key executives

Chairman & Co-Chief Executive Officer: Tae-Won Chey
President, Co-Chief Executive Officer & Director: Dong-Hyun Jang
Co-President & Co-Chief Executive Officer: Jung-Ho Park
Executive Board Member & Head-Finance: Eui-Dong Jang
Head-Strategic Planning Group: Ho Jin Park

Shareholders

SK Inc. (24.3%)
CHEY TAE-WON (17.4%)
National Pension Service of Korea (7.7%)
CHEY GI-WON (6.5%)
Norges Bank Investment Management (1.3%)
BlackRock Fund Advisors (1.3%)
The Vanguard Group, Inc. (1.2%)
CHEY JAE-WON (1.0%)
Samsung Asset Management Co., Ltd. (0.4%)
Dimensional Fund Advisors LP (0.3%)

Contact Details

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

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Competitors

3S KOREA Co., Ltd.
CJ Corporation
DAESUNG HOLDINGS Co., Ltd.
Daesung Industrial Co., Ltd
DB Inc.
GlobalWafers Co., Ltd.
INITECH Co., Ltd
Kolon Industries, Inc.
Korea Petro Chemical Ind. Co., Ltd.
National Silicon Industry Group Co. Ltd. Class A
POSCO Holdings Inc.
SALTLUX Inc
Samchully Co., Ltd
Samhwa Paint Industrial Co., Ltd.
Siltronic AG
UFlex Limited

Last Updated on 24 Jun, 2022