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
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
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%)
- Macquarie Investment Management Business Trust (1.1%)
- GQG Partners LLC (1.1%)
- Schroder Investment Management Ltd. (0.9%)
- APG Asset Management NV (0.7%)
- Wellington Management Co. LLP (0.7%)
- Janus Henderson Investors UK Ltd. (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
- LG Uplus Corp
- LG HelloVision Corp.
- Hyundai Futurenet Co., Ltd
- KT Skylife Co., Ltd
- CJ ENM Co., Ltd.
- GalaxiaMoneytree Co. Ltd
- Taekwang Industrial Co., Ltd.
- BK TOPS Co., Ltd.
- Dexter Studios Co., Ltd.
- Hanyang Digitech Co., Ltd
- IHQ, Inc.
- KTCS Corp.
- Peraso, Inc.
- SALTLUX Inc
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