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 2018	KRW	USD
Revenue	16,873.96B	15,332.74M
Gross Profit	3,542.26B	3,218.72M
Operating income	1,194.04B	1,084.98M
Income before tax	3,975.96B	3,612.81M
Net income	3,112.08B	2,827.83M
EBITDA	4,320.16B	3,925.56M
Diluted EPS	44,066.16	40.04
Dividends Per Share	10,000	9.08
Total Assets	42,369.11B	37,971.95M
Total liabilities	20,418.62B	18,299.53M
Total equity	22,072.06B	19,781.37M
Operating cash flow	4,316.77B	3,922.49M
	Currency in KRW	Currency in USD

Historical Data

KRW | USD

	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018
Revenue	17,163.79B	17,136.73B	17,091.81B	17,520.01B	16,873.96B
Gross Profit	3,810.23B	3,711.21B	3,602.46B	3,866.31B	3,542.26B
Operating income	1,807.16B	1,692.68B	1,495.43B	1,530.83B	1,194.04B
Income before tax	2,253.82B	2,035.36B	2,096.13B	3,403.24B	3,975.96B
Net income	1,784.33B	1,501.76B	1,659.12B	2,582.98B	3,112.08B
EBITDA	4,521.89B	4,537.97B	4,437.31B	4,628.29B	4,320.16B
Diluted EPS	25,154	20,988	23,497	36,582	44,066.16
Dividends Per Share	9,400	10,000	10,000	10,000	10,000
Total Assets	27,941.23B	28,581.38B	31,297.66B	33,428.66B	42,369.11B
Total liabilities	13,091.48B	13,605.80B	15,579.75B	15,797.99B	20,418.62B
Total equity	14,108.22B	14,852.56B	15,572.88B	17,443.62B	22,072.06B
Operating cash flow	3,677.38B	3,761.28B	4,226.32B	3,838.98B	4,316.77B

	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018
Revenue	16,305.19M	15,141.08M	14,731.91M	15,497.43M	15,332.74M
Gross Profit	3,619.63M	3,279.02M	3,105.06M	3,419.97M	3,218.72M
Operating income	1,716.76M	1,495.56M	1,288.95M	1,354.10M	1,084.98M
Income before tax	2,141.08M	1,798.33M	1,806.72M	3,010.36M	3,612.81M
Net income	1,695.07M	1,326.87M	1,430.04M	2,284.79M	2,827.83M
EBITDA	4,295.68M	4,009.51M	3,824.64M	4,093.99M	3,925.56M
Diluted EPS	23.89	18.54	20.25	32.35	40.04
Dividends Per Share	8.92	8.83	8.61	8.84	9.08
Total Assets	25,420.76M	24,375.40M	25,912.94M	31,225.69M	37,971.95M
Total liabilities	11,910.54M	11,603.60M	12,899.27M	14,756.89M	18,299.53M
Total equity	12,835.57M	12,666.88M	12,893.59M	16,294.07M	19,781.37M
Operating cash flow	3,493.42M	3,323.27M	3,642.79M	3,395.79M	3,922.49M

Valuation Measures

Dec 2018
PER	6.11
ROA	8.21%
ROE	15.75%
Operating margin	7.07%
Profit margin	18.44%

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 (10.9%)
SK Telecom Co., Ltd. (9.4%)
Capital Research & Management Co. (Global Investors) (2.1%)
Causeway Capital Management LLC (1.5%)
BlackRock Fund Advisors (0.9%)
Capital Research & Management Co. (World Investors) (0.8%)
Nordea Investment Management AB (Denmark) (0.7%)
Samsung Asset Management Co., Ltd. (0.7%)
Macquarie Investment Management Business Trust (0.7%)

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 5 Dec, 2019