SK Telecom Co., Ltd.

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Company Background

SK Telecom is South Korea's largest cellphone service provider. It began as a subsidiary of a state-owned communications company in 1984, providing car-phone services. In 1997, the company became a subsidiary of SK Group, South Korea's third-largest conglomerate in terms of asset size. The group engages in energy and fiber businesses.

SK, the holding company of SK Group, is SK Telecom's largest shareholder. SK Group chairman Chey Tae-won also has a stake in the company. It is listed on the Korea Stock Exchange and the New York Stock Exchange.

Improving the country's communications environment is a South Korean national project. SK Telecom has often launched the world's fastest communication services ahead of foreign rivals. Having electronics makers with a great degree of telecom-related expertise such as Samsung Electronics and LG Electronics at home is one of the company's strengths.

Given South Korea's population and economic growth rates are slowing, while the smartphone penetration rate is already high, the company needs to develop new revenue sources for further growth. The company's cellphone services in Mongolia, Vietnam and the U.S. have achieved limited success.

Business Summary

SK Telecom Co., Ltd. engages in the provision of wireless telecommunication and internet services. Its products include mobile phones, wireless data, information communication, and others. The company was founded on March 29, 1984 and is headquartered in Seoul, South Korea.

Financial Highlights

Dec 2019	KRW	USD
Revenue	17,743.70B	15,215.17M
Gross Profit	3,289.05B	2,820.35M
Operating income	1,104.17B	946.82M
Income before tax	713,112M	611.49M
Net income	875,141M	750.43M
EBITDA	4,875.66B	4,180.86M
Diluted EPS	12,143.91	10.41
Dividends Per Share	10,000	8.57
Total Assets	44,611.62B	38,576.35M
Total liabilities	22,186.84B	19,185.30M
Total equity	22,558.07B	19,506.30M
Operating cash flow	3,971.31B	3,405.39M
	Currency in KRW	Currency in USD

Historical Data

KRW | USD

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019
Revenue	17,136.73B	17,091.81B	17,520.01B	16,873.96B	17,743.70B
Gross Profit	3,711.21B	3,602.46B	3,866.31B	3,542.26B	3,289.05B
Operating income	1,692.68B	1,495.43B	1,530.83B	1,194.04B	1,104.17B
Income before tax	2,035.36B	2,096.13B	3,403.24B	3,975.96B	713,112M
Net income	1,501.76B	1,659.12B	2,582.98B	3,112.08B	875,141M
EBITDA	4,537.97B	4,437.31B	4,628.29B	4,320.16B	4,875.66B
Diluted EPS	20,988	23,497	36,582	44,066.16	12,143.91
Dividends Per Share	10,000	10,000	10,000	10,000	10,000
Total Assets	28,581.38B	31,297.66B	33,428.66B	42,369.11B	44,611.62B
Total liabilities	13,605.80B	15,579.75B	15,797.99B	20,418.62B	22,186.84B
Total equity	14,852.56B	15,572.88B	17,443.62B	22,072.06B	22,558.07B
Operating cash flow	3,761.28B	4,226.32B	3,838.98B	4,316.77B	3,971.31B

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019
Revenue	15,141.08M	14,731.91M	15,497.43M	15,332.74M	15,215.17M
Gross Profit	3,279.02M	3,105.06M	3,419.97M	3,218.72M	2,820.35M
Operating income	1,495.56M	1,288.95M	1,354.10M	1,084.98M	946.82M
Income before tax	1,798.33M	1,806.72M	3,010.36M	3,612.81M	611.49M
Net income	1,326.87M	1,430.04M	2,284.79M	2,827.83M	750.43M
EBITDA	4,009.51M	3,824.64M	4,093.99M	3,925.56M	4,180.86M
Diluted EPS	18.54	20.25	32.35	40.04	10.41
Dividends Per Share	8.83	8.61	8.84	9.08	8.57
Total Assets	24,375.40M	25,912.94M	31,225.69M	37,971.95M	38,576.35M
Total liabilities	11,603.60M	12,899.27M	14,756.89M	18,299.53M	19,185.30M
Total equity	12,666.88M	12,893.59M	16,294.07M	19,781.37M	19,506.30M
Operating cash flow	3,323.27M	3,642.79M	3,395.79M	3,922.49M	3,405.39M

Valuation Measures

Dec 2019
PER	19.59
ROA	2.01%
ROE	3.92%
Operating margin	6.22%
Profit margin	4.93%

Key executives

President, Chief Executive Officer & Director: Jung-Ho Park
Head-Finance: Jin-Won Kim
Head-ICT Technology division: Jin-Hyo Park
Head-Legal & Compliance Support: Yong-Joo Park
Executive Board Member: Yong-Hwan Lee

Shareholders

SK Holdings Co., Ltd. (26.7%)
National Pension Service of Korea (11.5%)
SK Telecom Co., Ltd. (9.4%)
Causeway Capital Management LLC (1.3%)
Macquarie Investment Management Business Trust (0.9%)
Samsung Asset Management Co., Ltd. (0.9%)
BlackRock Fund Advisors (0.9%)
Nordea Investment Management AB (Denmark) (0.7%)
The Vanguard Group, Inc. (0.6%)
Norges Bank Investment Management (0.5%)

Contact Details

Website:http://www.sktelecom.com
Address: SKT Tower, 65 Eulji-ro, Jung-gu, Seoul, 04539, South Korea
Phone: +82.2.6100.2114

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Last Updated on 1 Jun, 2020