SK Telecom Co., Ltd. SKM

Communication ServicesTelecommunications ServicesKorea; Republic (S. Korea)

Last close 30.52 USD on Nov 3, 2026, +51.2% year to date

Quant rating

Quant rating B Rank 55 of 152 in Communication Services

Growth D 126 of 152
Valuation B 33 of 152
Quality C 94 of 152
Revisions A 14 of 152
Momentum C 65 of 152

Wall Street consensus Hold (3.00)Average target 31.86 USD +4.4%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 11.9B
Enterprise value: 17.9B
52-week range: 19.67 – 47.16
3-year range: 19.67 – 47.16
Dividend yield: 2.11%
Beta (5 years): 0.78
Shares outstanding: 215M
Next earnings: –

About the company

SK Telecom Co Ltd is a Korea-based company primarily engaged in the provision of wireless communication services. The Company operates the business through three segments. The Wireless Communication Business segment provides mobile phones, wireless data, information communication business. The Wireline Communication Business segment offers telephones, high speed Internet, data and network rental services. The Other segment is involved in the product sales type data broadcasting channel use business and others.

Growth and profitability fiscal year ends December 31

Growth and profitability by fiscal year
	2025	2024	2023	2022	2021	5Y avg
Revenue (mil)	11,870	12,148	13,604	13,724	14,099	–
Revenue growth	−2.3%	−10.7%	−0.9%	−2.7%	−5.0%	−4.4%
EPS (basic, normalized)	0.71	2.46	2.11	1.77	3.49	–
EPS growth	−70.9%	16.5%	19.0%	−49.3%	–	–
Gross margin	96.3%	96.1%	96.1%	95.9%	95.5%	96.0%
Net margin	2.3%	6.9%	6.1%	5.2%	7.2%	5.5%
ROE	3.3%	10.8%	9.6%	8.0%	6.9%	7.7%

Balance sheet, last quarter
Cash & short-term investments (mil)	1,316
Current ratio	1.25x
Long-term debt (mil)	5,539
Net debt (mil)	5,281
Total equity (mil)	9,976
Net debt / equity	0.53x
Net debt / EBITDA	1.61x

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			EBITDA (mil)			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	EV/EBITDA	Mean est.	Growth	P/E
2025 actual	11,870	−2.3%	1.5x	3,280	−15.8%	5.5x	0.71	−70.9%	42.7x
2026	–	–	–	–	–	–	3.96	+454.7%	7.7x
2027	–	–	–	–	–	–	4.26	+7.5%	7.2x
2028	–	–	–	–	–	–	4.69	+10.2%	6.5x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2026	–	–	–	–	3.96	0.0%	+23.4%	+30.9%
2027	–	–	–	–	4.26	0.0%	+25.0%	+30.5%
2028	–	–	–	–	4.69	0.0%	+6.0%	+6.0%

Earnings surprises

Reported results versus consensus, last 10 fiscal quarters
	FQ-9	FQ-8	FQ-7	FQ-6	FQ-5	FQ-4	FQ-3	FQ-2	FQ-1	FQ0
Sales reported (mil)	–	–	–	–	–	–	–	–	–	–
Sales mean (mil)	–	–	–	–	–	–	–	–	–	–
Surprise	–	–	–	–	–	–	–	–	–	–
EPS reported	–	–	–	–	–	–	–	–	–	–
EPS mean	–	–	–	–	–	–	–	–	–	–
Surprise	–	–	–	–	–	–	–	–	–	–

FQ0 is the most recent reported quarter, FQ-1 the one before, and so on.

Peer comparison Telecommunications Services

Peers in the same industry group, by market capitalization
Company	Market cap	Net debt/EBITDA	Net margin	P/B	FY1 P/E	FY2 P/E	FY1 EV/EBITDA	FY2 EV/EBITDA
SKM SK Telecom Co., Ltd.	11.9B	1.61x	2.3%	1.02x	7.7x	7.2x	–	–
SPCX Space Exploration Technologies Corp	1.92T	–	−26.4%	10.86x	435.6x	40.4x	73.5x	16.0x
SFTBY Softbank Group Corp	159.9B	–	–	–	–	–	–	–
TMUS T-Mobile US Inc	163.6B	2.47x	12.4%	2.91x	13.8x	10.9x	6.6x	6.1x
KDDIF KDDI CORPORATION	72.2B	2.90x	11.6%	2.11x	14.2x	13.3x	8.7x	8.3x
AMX America Movil SAB de CV	75.2B	1.95x	8.8%	3.79x	15.9x	13.7x	5.0x	4.8x
Mean		2.23x	1.7%	4.14x	97.4x	17.1x	23.5x	8.8x
Median		2.21x	8.8%	2.91x	14.2x	13.3x	7.6x	7.2x

Technical analysis

1M−17.0%
3M−4.5%
1Y+54.4%
3Y+63.4%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, SK Telecom Co., Ltd., fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Total revenue	11,870	12,148	13,604	13,724	14,099	14,835
Cost of revenue	441	469	524	567	631	711
Gross profit	11,429	11,679	13,079	13,157	13,468	14,124
Selling, general & administrative expenses	8,042	7,778	8,647	8,736	8,916	9,268
Research & development	236	256	285	270	293	326
Depreciation/amortization	2,407	2,411	2,793	2,872	3,091	3,379
Interest expense (income), operating	–	–	–	–	–	–
Unusual expense (income)	11.1	64.2	8.0	13.5	2.6	185
Other operating expenses	0	0	0	0	0	0
Operating income	734	1,171	1,346	1,265	1,165	966
Net interest income (expense)	−198	71.9	−157	−236	217	−141
Gain (loss) on sale of assets	77.6	13.5	9.7	−3.6	9.2	19.8
Other non-operating income (expense)	−112	−63.0	−49.5	−45.2	54.8	−10.8
Net income before taxes	501	1,193	1,150	980	1,446	835
Provision for taxes	241	254	264	229	376	204
Minority interest	23.1	−92.7	−40.4	−28.1	−45.4	−32.6
Equity in affiliates	–	–	–	–	–	–
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	284	847	845	724	1,025	598
Extraordinary items	–	–	–	–	1,002	789
Net income	284	847	845	724	2,027	1,387
EBIT, normalized	745	1,235	1,354	1,278	1,168	1,151
EBITDA, normalized	3,237	3,740	4,252	4,257	4,631	4,997
Basic EPS, normalized	0.71	2.46	2.11	1.77	3.49	–

Balance sheet in millions of USD, fiscal years

Balance sheet, SK Telecom Co., Ltd., fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Assets
Cash & short-term investments	1,101	1,536	1,290	1,618	1,100	2,627
Receivables	1,713	1,705	1,928	2,073	2,197	3,109
Total inventory	116	142	139	132	172	158
Prepaid expenses	1,501	1,344	1,549	1,611	1,693	1,994
Other current assets	239	336	181	292	185	204
Total current assets	4,670	5,063	5,088	5,725	5,348	8,092
Property, plant & equipment	8,290	8,562	10,075	10,586	10,854	12,335
Goodwill	1,439	1,403	1,603	1,646	1,745	3,096
Intangibles	1,188	1,486	2,210	2,637	3,257	4,091
Long-term investments	3,767	2,857	2,777	2,617	3,293	14,756
Note receivable	187	180	305	368	292	411
Other long-term assets	1,360	1,112	1,211	1,251	1,231	1,394
Total assets	20,901	20,663	23,269	24,830	26,020	44,175
Liabilities
Accounts payable	77.0	85.7	108	70.8	160	344
Payable/accrued	–	–	–	–	–	–
Accrued expenses	934	1,031	1,112	1,194	1,090	1,434
Short-term debt	90.2	67.7	0	113	10.9	101
Current portion of long-term debt	1,063	1,904	1,541	1,867	1,498	1,198
Other current liabilities	2,369	3,158	2,642	3,136	3,099	4,464
Total current liabilities	4,533	6,246	5,403	6,381	5,859	7,541
Long-term debt	6,048	5,318	6,691	6,811	7,218	9,909
Minority interest	64.0	87.4	648	664	636	602
Other liabilities	1,326	1,090	1,728	1,997	2,559	4,229
Total liabilities	11,971	12,742	14,470	15,853	16,273	22,281
Shareholders' equity
Preferred stock	–	–	–	–	–	–
Common stock	21.2	20.6	23.6	24.2	25.7	41.2
Additional paid-in capital	−8,647	−8,312	−9,220	−9,462	−10,112	2,214
Retained earnings (accumulated deficit)	15,924	15,558	17,614	17,815	18,887	21,192
Treasury stock	−61.5	−62.9	−233	−29.1	−48.2	−1,958
Other equity	1,693	718	615	628	994	406
Total equity	8,930	7,922	8,799	8,976	9,747	21,894
Total liabilities & shareholders' equity	20,901	20,663	23,269	24,830	26,020	44,175

Cash flow statement in millions of USD, fiscal years

Cash flow statement, SK Telecom Co., Ltd., fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Operating activities
Net income	260	939	885	752	2,036	1,384
Depreciation, depletion & amortization	2,492	2,505	2,898	2,978	3,463	3,845
Deferred taxes	–	–	–	–	–	–
Non-cash items	584	400	615	765	−539	79.9
Changes in working capital	−616	−415	−576	−403	−725	59.6
Cash from operations	2,721	3,429	3,822	4,092	4,235	5,368
Investing activities
Capital expenditures	−1,613	−1,733	−2,380	−2,416	−2,785	−3,401
Other investing cash flows	407	−103	−210	189	−150	−519
Cash from investing	−1,206	−1,836	−2,590	−2,227	−2,935	−3,919
Financing activities
Financing cash flow items	−1,029	−343	−199	−304	−432	−364
Cash dividends paid	−436	−545	−598	−717	−866	−684
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	−418	−338	−765	−49.5	−431	−296
Cash from financing	−1,883	−1,226	−1,561	−1,071	−1,729	−1,344
Foreign exchange effects	−2.8	17.7	−0.5	6.3	9.8	−13.9
Net change in cash	−370	385	−330	801	−418	91.1
Free cash flow	1,108	1,696	1,442	1,676	1,450	1,968

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

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Live quote provided by TradingView. Report data updated Nov 3, 2026 after market close.