Sk Telecom Co. Ltd. (SKM) intrinsic value & 10-year financials
Sk Telecom Co. Ltd. (SKM) has a Graham intrinsic value of KRW 21,088.60 per share. Over the last 10 fiscal years revenue grew 0.5% a year to KRW 17.9T, with an average return on invested capital of 7.5%.
- Graham intrinsic value
- KRW 21,088.60
- Revenue (FY2024)
- KRW 17.9T
- Revenue growth (10-yr CAGR)
- 0.5%
- ROIC (10-yr avg)
- 7.5%
- Free cash flow (FY2024)
- KRW 2.6T
SKM 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2024 | KRW 17.9T | KRW 1.4T | KRW 5,765.00 | KRW 2.6T | 9.4% | 12.9% |
| FY2023 | KRW 17.6T | KRW 1.1T | KRW 4,950.00 | KRW 2.0T | 10.0% | 12.9% |
| FY2022 | KRW 17.3T | KRW 947.8B | KRW 4,116.00 | KRW 2.3T | 9.2% | 11.2% |
| FY2021 | KRW 16.7T | KRW 2.4T | KRW 7,187.00 | KRW 2.1T | 8.6% | 6.5% |
| FY2020 | KRW 18.6T | KRW 1.5T | KRW 6,819.67 | KRW 2.3T | 5.9% | 4.0% |
| FY2019 | KRW 17.7T | KRW 861.9B | KRW 4,042.33 | KRW 610.2B | 5.6% | 3.5% |
| FY2018 | KRW 16.9T | KRW 3.1T | KRW 14,688.67 | KRW 1.5T | 4.9% | 3.5% |
| FY2017 | KRW 17.5T | KRW 2.7T | KRW 12,194.00 | KRW 1.1T | 7.0% | 6.1% |
| FY2016 | KRW 17.1T | KRW 1.7T | KRW 7,832.33 | KRW 1.8T | 7.6% | 7.1% |
| FY2015 | KRW 17.1T | KRW 1.5T | KRW 6,996.00 | KRW 1.3T | 8.7% | — |
Source: annual 10-K filings on SEC EDGAR. Figures in KRW.
Executive summary
SK TELECOM CO LTD has demonstrated mature, steady growth, with revenue compounding at 0.5% annually over the past decade.
SK TELECOM CO LTD has historically struggled to out-earn its cost of capital, averaging just 7.5% ROIC.
SK TELECOM CO LTD has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, SK TELECOM CO LTD is modeled at -2.1% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $21088.60 per share.