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SK Telecom Co Ltd ADR SKM Stock Quote

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Morningstar‘s Stock Analysis SKM

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5G Driving Continued Mobile Revenue Growth for SK Telecom

Dan Baker Senior Equity Analyst

Business Strategy and Outlook

| Dan Baker |

SK Telecom's telecom market position is very strong, and we like the free cash flow it generates. SK Telecom was Korea's first wireless operator, and we believe it has done a good job of maintaining a dominant position. The firm continues to claim just under 45% wireless market share, including the leading position among postpaid contract customers, which provides it with the highest average revenue per user among Korean wireless operators. However, this has come at a cost with wireless operating profit nearly halving between 2017 and 2019. More pleasing has been the wireless operating profit growth reported in 2020 and 2021 as competition seems to have stabilized with 5G generating incremental revenue.

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Key Statistics SKM

Company Profile SKM

Business Description

SK Telecom is South Korea's largest wireless telecom operator, with 29 million mobile customers. The firm also owns SK Broadband (formerly Hanaro Telecom), which has 6.5 million broadband customers and 8.7 million broadband TV customers. While the firm also purchased stakes in businesses in security and semiconductor memory production as well as developing e-commerce and internet platform businesses, these were all spun off into the separate, SK Square business in November 2021.

SK T-Tower, 65, Eulji-ro, Jung-gu
Seoul, 04539, Korea, Republic of
T +82 261002114
Industry Telecom Services
Most Recent Earnings Jun 30, 2022
Fiscal Year End Dec 31, 2021
Employees 5,054