Professional
Added to YB: 2024-06-11
Pitch date: 2024-06-05
SKM [bullish]
SK Telecom Co., Ltd.
+13.37%
current return
Author Info
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Company Info
SK Telecom Co., Ltd. engages in the provision of wireless telecommunication services in South Korea. The company operates through three segments: Cellular Services, Fixed-Line Telecommunications Services, and Other Businesses.
Market Cap
KRW 11.5T
Pitch Price
KRW 47.6K
Price Target
31.00 (-100%)
Dividend
6.57%
EV/EBITDA
N/A
P/E
N/A
EV/Sales
N/A
Sector
Wireless Telecommunication Services
Category
growth
SK Telecom Co., Ltd.: Core Telco Business Steady; Fair Value Estimate Up to USD 31 From USD 30
SKM: Q1 revs +1.8% w/ core mobile biz steady, data ctr +30%, cloud +37%. Op profit +8.8%, most from mobile. FV up to $31 on steady biz & growth in data/cloud/AI offsetting core slowdown. Expect '24 revs +2.1%, op profit +2.5%. Risks: competition, reg price cuts. Oppy in growth areas but concerns re: monetizing metaverse ifland. Std capital allocation, pursuing growth w/ mixed record. Min 50% div payout of net income.
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