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 2021	KRW	USD
Revenue	16,748.58B	14,625.54M
Gross Profit	3,122.00B	2,726.26M
Operating income	1,383.16B	1,207.83M
Income before tax	1,271.89B	1,110.66M
Net income	1,202.75B	1,050.29M
EBITDA	5,055.72B	4,414.86M
Diluted EPS	7,187.22	6.27
Dividends Per Share	2,522.68	2.20
Total Assets	30,911.27B	26,003.17M
Total liabilities	18,974.89B	15,962.05M
Total equity	11,180.58B	9,405.33M
Operating cash flow	5,016.51B	4,380.62M
	Currency in KRW	Currency in USD

Historical Data

KRW | USD

	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021
Revenue	17,520.01B	16,873.96B	17,740.71B	16,087.74B	16,748.58B
Gross Profit	3,866.31B	3,542.26B	3,210.25B	3,040.90B	3,122.00B
Operating income	1,530.83B	1,194.04B	1,102.37B	1,241.93B	1,383.16B
Income before tax	3,403.24B	3,975.96B	711,458M	852,762M	1,271.89B
Net income	2,582.98B	3,112.08B	873,932M	633,813M	1,202.75B
EBITDA	4,628.29B	4,320.16B	4,959.03B	4,906.60B	5,055.72B
Diluted EPS	12,046.19	14,510.67	3,993.38	6,737.00	7,187.22
Dividends Per Share	3,292.92	3,292.92	3,292.92	3,292.92	2,522.68
Total Assets	33,428.66B	42,369.11B	45,202.36B	47,906.95B	30,911.27B
Total liabilities	15,797.99B	20,418.62B	22,784.19B	23,909.47B	18,974.89B
Total equity	17,443.62B	22,072.06B	22,551.46B	23,345.13B	11,180.58B
Operating cash flow	3,838.98B	4,316.77B	4,020.21B	5,807.11B	5,016.51B

	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021
Revenue	15,497.43M	15,332.74M	15,212.61M	13,634.97M	14,625.54M
Gross Profit	3,419.97M	3,218.72M	2,752.78M	2,577.27M	2,726.26M
Operating income	1,354.10M	1,084.98M	945.28M	1,052.58M	1,207.83M
Income before tax	3,010.36M	3,612.81M	610.07M	722.74M	1,110.66M
Net income	2,284.79M	2,827.83M	749.39M	537.18M	1,050.29M
EBITDA	4,093.99M	3,925.56M	4,252.36M	4,158.53M	4,414.86M
Diluted EPS	10.65	13.18	3.42	5.70	6.27
Dividends Per Share	2.91	2.99	2.82	2.79	2.20
Total Assets	31,225.69M	37,971.95M	39,087.17M	44,101.03M	26,003.17M
Total liabilities	14,756.89M	18,299.53M	19,701.84M	22,010.00M	15,962.05M
Total equity	16,294.07M	19,781.37M	19,500.59M	21,490.50M	9,405.33M
Operating cash flow	3,395.79M	3,922.49M	3,447.32M	4,921.74M	4,380.62M

Valuation Measures

Dec 2021
PER	8.05
ROA	3.05%
ROE	6.96%
Operating margin	8.25%
Profit margin	7.18%

Key executives

President, Chief Executive Officer & Director: Young Sang Ryu
Head-Finance: Jin-Won Kim
Head-Legal & Compliance Support: Yong-Joo Park
Senior Vice President: Joong Suk Oh
Executive Board Member: Ho-Soo Lee

Shareholders

SK Inc. (30.0%)
National Pension Service of Korea (7.5%)
Kakao Corp. (1.7%)
Norges Bank Investment Management (1.2%)
GQG Partners LLC (1.1%)
Macquarie Investment Management Business Trust (1.1%)
Schroder Investment Management Ltd. (0.9%)
APG Asset Management NV (0.7%)
McKinley Capital Management LLC (0.7%)
Wellington Management Co. LLP (0.6%)

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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Competitors

KT Corporation
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Last Updated on 30 Sep, 2022