Financials SK Telecom Co., Ltd. Nyse

Equities

SKM

US78440P3064

Wireless Telecommunications Services

Real-time Estimate Cboe BZX Other stock markets 11:27:44 2024-07-05 am EDT			5-day change	1st Jan Change
20.86 ^USD	+0.17%		-0.45%	-2.64%

Jul. 03	SK Telecom Consortium Wins Quantum Cryptography Project	MT
Jul. 03	SK Hynix Outlines KRW 103 Trillion Chip Investment Strategy for 2028	MT

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	17,406,475	17,052,023	12,598,001	10,334,719	10,794,031	10,984,653	-	-
Enterprise Value (EV) ²	24,552	24,035	18,620	15,550	16,466	18,512	18,049	17,422
P/E ratio	19.6 x	11.6 x	8.05 x	11.5 x	10.1 x	9.61 x	9.22 x	8.7 x
Yield	4.2%	4.2%	5.69%	7%	7.07%	6.73%	6.85%	6.89%
Capitalization / Revenue	0.98 x	0.92 x	0.75 x	0.6 x	0.61 x	0.61 x	0.6 x	0.59 x
EV / Revenue	1.38 x	1.29 x	1.11 x	0.9 x	0.94 x	1.03 x	0.99 x	0.93 x
EV / EBITDA	4.87 x	4.36 x	3.58 x	2.9 x	2.99 x	3.33 x	3.22 x	3.04 x
EV / FCF	40.2 x	10.6 x	8.8 x	6.91 x	8.34 x	8.71 x	9.04 x	6.87 x
FCF Yield	2.49%	9.42%	11.4%	14.5%	12%	11.5%	11.1%	14.6%
Price to Book	0.76 x	0.71 x	1.09 x	0.91 x	0.9 x	0.93 x	0.89 x	0.87 x
Nbr of stocks (in thousands)	222,102	217,579	217,582	218,032	215,450	212,881	-	-
Reference price ³	78,372	78,372	57,900	47,400	50,100	51,600	51,600	51,600
Announcement Date	2/7/20	2/3/21	2/9/22	2/8/23	2/4/24	-	-	-

¹KRW in Million²KRW in Billions³KRW

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	17,744	18,625	16,749	17,305	17,608	17,949	18,285	18,653
EBITDA ¹	5,045	5,519	5,207	5,367	5,503	5,555	5,608	5,739
EBIT ¹	1,110	1,349	1,387	1,612	1,753	1,821	1,896	1,968
Operating Margin	6.26%	7.24%	8.28%	9.32%	9.96%	10.15%	10.37%	10.55%
Earnings before Tax (EBT) ¹	1,163	1,877	1,718	1,236	1,488	1,574	1,656	1,756
Net income ¹	889.9	1,504	2,408	912.4	1,094	1,165	1,207	1,270
Net margin	5.02%	8.08%	14.37%	5.27%	6.21%	6.49%	6.6%	6.81%
EPS ²	3,999	6,738	7,190	4,118	4,954	5,369	5,598	5,934
Free Cash Flow ³	610,199	2,264,076	2,115,428	2,251,030	1,973,323	2,126,091	1,997,045	2,536,465
FCF margin	3,438.96%	12,156.31%	12,630.48%	13,007.97%	11,206.65%	11,845.35%	10,921.52%	13,598.02%
FCF Conversion (EBITDA)	12,094.64%	41,024.79%	40,626.62%	41,938.93%	35,859.69%	38,276.14%	35,609.98%	44,197.78%
FCF Conversion (Net income)	68,569.39%	150,496.94%	87,868.25%	246,715.26%	180,442.85%	182,485.91%	165,452.34%	199,730.48%
Dividend per Share ²	3,293	3,293	3,295	3,320	3,540	3,473	3,534	3,557
Announcement Date	2/7/20	2/3/21	2/9/22	2/8/23	2/4/24	-	-	-

¹KRW in Billions²KRW³KRW in Million

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2
Net sales ¹	4,298	4,277	4,290	4,343	4,394	4,372	4,306	4,403	4,527	4,475	4,429	4,494	4,585	4,536	4,570
EBITDA ¹	-	1,379	1,400	1,399	1,189	1,429	1,412	1,426	1,237	1,429	1,436	1,429	1,287	1,510	1,451
EBIT ¹	226.7	432.4	459.6	465.6	254.5	494.8	463.4	498	297.1	498.5	492.1	504.9	327.1	573.5	504
Operating Margin	5.27%	10.11%	10.71%	10.72%	5.79%	11.32%	10.76%	11.31%	6.56%	11.14%	11.11%	11.24%	7.13%	12.64%	11.03%
Earnings before Tax (EBT) ¹	295	327	402.8	362.4	144	420.9	449.8	400	217.4	440.7	422.1	405.9	243.1	-	-
Net income ¹	299.3	211.3	253.9	234.6	212.7	290.5	329.2	297.9	176	353	326.1	311.5	209.5	-	-
Net margin	6.96%	4.94%	5.92%	5.4%	4.84%	6.64%	7.64%	6.77%	3.89%	7.89%	7.36%	6.93%	4.57%	-	-
EPS ²	1,296	953.0	1,147	1,059	959.0	1,314	1,490	1,345	804.0	1,636	1,530	1,342	767.4	1,505	1,576
Dividend per Share	-	-	830.0	-	-	-	-	-	-	-	-	-	-	-	-
Announcement Date	2/9/22	5/10/22	8/9/22	11/10/22	2/8/23	5/10/23	8/8/23	11/7/23	2/4/24	5/8/24	-	-	-	-	-

¹KRW in Billions²KRW

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	7,145	6,983	6,022	5,216	5,672	7,528	7,064	6,438
Net Cash position ¹	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	1.416 x	1.265 x	1.157 x	0.9717 x	1.031 x	1.355 x	1.26 x	1.122 x
Free Cash Flow ²	610,199	2,264,076	2,115,428	2,251,030	1,973,323	2,126,091	1,997,045	2,536,465
ROE (net income / shareholders' equity)	3.82%	6.37%	13.2%	7.45%	8.97%	9.84%	9.87%	10.1%
ROA (Net income/ Total Assets)	1.98%	3.25%	6.11%	2.93%	3.56%	4.07%	4.06%	4.24%
Assets ¹	44,901	46,259	39,409	31,110	30,714	28,637	29,720	29,976
Book Value Per Share ³	103,362	109,617	53,218	51,911	55,395	55,524	57,896	59,117
Cash Flow per Share ³	18,214	26,331	15,113	23,655	22,751	24,509	24,739	25,261
Capex ¹	3,376	3,558	2,916	3,035	2,961	3,028	3,037	2,962
Capex / Sales	19.03%	19.1%	17.41%	17.54%	16.82%	16.87%	16.61%	15.88%
Announcement Date	2/7/20	2/3/21	2/9/22	2/8/23	2/4/24	-	-	-

¹KRW in Billions²KRW in Million³KRW

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for SK Telecom Co., Ltd.

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

51,500 KRW

Average target price

66,600 KRW

Spread / Average Target

+29.32%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Other Wireless Telecommunications Services

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ADVANCED INFO SERVICE	-3.23%	17.05B
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Other Wireless Telecommunications Services