SK TELECOM CO LTD

SKM
About the company

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. The Cellular Services segment offers wireless voice and data transmission, cellular interconnection, Internet of Things solutions and enterprise communications, cloud, subscription, advertising and curated shopping services; as well as sells wireless devices.

Price: $34.57Market Cap: $13.3B

Investment snapshot

18%positive consensus
Scored 1d ago

Positive

3

BUY / PASS

Neutral / negative

6 / 7

NEUTRAL / FAIL

Median fair value

$76.17

+120.3% vs price

Models with upside

8 / 17

Positive margin of safety

Strongest signal

Models split on SKM at $34.57 — fair values range $22.25–$201.18

Key risk

7 of 8 flag SKM's growth — Graham, Lynch, Dreman +4 more

Framework analysis

VerdictMeaning
BUYPositive purchase signal: the framework's buy requirements are met.
PASSThe company clears the framework's checklist or screen, but the framework does not produce a buy signal. For valuation frameworks this often means margin of safety is missing, insufficient, or unavailable; some screen-only frameworks have no intrinsic-value BUY state.
NEUTRALNeither a positive nor negative conclusion. It does not mean to hold an existing position.
FAILThe company does not clear the framework's requirements.
RankedRanked strategies do not use PASS: selected cohort is BUY, outside the cohort is FAIL, and unranked is NEUTRAL.

Current investor scores use trailing 12-month flows and the latest balance sheet where supported. Multi-year and EPS tests retain annual history; each framework shows its financial basis below. Intrinsic values use annual financials.

MetricGraham

Defensive Value

Buffett

Quality Compounder

Lynch

GARP

Greenblatt

Magic Formula

Piotroski

F-Score

Dreman

Contrarian Value

Munger

Quality Focus

Pabrai

Dhandho Framework

Akre

Three-Legged Stool

Marks

Risk-Aware Value

Ackman

Activist Value

Templeton

Global Bargain Hunter

Sleep

Scale Economies Shared

Asness

Systematic Factors

Neff

Low-P/E Total Return

Schloss

Asset-Value Discipline

O'Shaughnessy

Systematic Factor Composite

VerdictPASSFAILFAILFAIL · Rank #686 (Top 22.2%)NEUTRALNEUTRALBUYNEUTRALFAILBUYNEUTRALNEUTRALFAILNEUTRALFAILFAILFAIL
Score
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Intrinsic Value (annual)N/AN/AN/AN/AN/AN/AN/AN/A
Margin of Safety+39.9%+60.7%N/A+26.3%N/A+37.5%+64.2%-55.4%+54.6%+82.8%+58.1%N/AN/AN/AN/AN/AN/A
Financial Basis

Annual history · FY 2024

Latest source filing: 2025-04-29

Score computed: 2026-11-14

Annual history · FY 2024

Latest source filing: 2025-04-29

Score computed: 2026-11-14

Annual history · FY 2024

Latest source filing: 2025-04-29

Score computed: 2026-11-14

Annual history · FY 2024

Latest source filing: 2025-04-29

Score computed: 2026-11-14

Annual history · FY 2024

Latest source filing: 2025-04-29

Score computed: 2026-11-14

Annual history · FY 2024 · Market data at 2026-11-01

Latest source filing: 2025-04-29

Score computed: 2026-11-14

Qualitative assessment · Annual history · FY 2024

Latest source filing: 2025-04-29

Score computed: 2026-11-14

Qualitative assessment · Annual history · FY 2024

Latest source filing: 2025-04-29

Score computed: 2026-11-14

Annual history · FY 2024 · Qualitative assessment

Latest source filing: 2025-04-29

Score computed: 2026-11-14

Annual history · FY 2024 · Qualitative assessment

Latest source filing: 2025-04-29

Score computed: 2026-11-14

Annual history · FY 2024 · Market data at 2026-11-01

Latest source filing: 2025-04-29

Score computed: 2026-11-14

Annual history · FY 2024 · Price history 2025-01-01–2026-11-01

Latest source filing: 2025-04-29

Score computed: 2026-11-14

Annual history · FY 2024 · Qualitative assessment

Latest source filing: 2025-04-29

Score computed: 2026-11-14

Annual history · FY 2024 · Price history 2025-01-01–2026-11-01

Latest source filing: 2025-04-29

Score computed: 2026-11-14

Annual history · FY 2024

Latest source filing: 2025-04-29

Score computed: 2026-11-14

Annual history · FY 2024

Latest source filing: 2025-04-29

Score computed: 2026-11-14

Annual history · FY 2024 · Price history 2025-01-01–2026-11-01

Latest source filing: 2025-04-29

Score computed: 2026-11-14

Where It Passes

  • Valuation models89% pass✓ 8✗ 1▾

    Models split on SKM at $34.57 — fair values range $22.25–$201.18

    Graham fair value$57.54
    ✓Graham+39.9% margin vs $34.57
    Buffett fair value$87.89
    ✓Buffett+60.7% margin vs $34.57
    Greenblatt fair value$46.90
    ✓Greenblatt+26.3% margin vs $34.57
    Dreman fair value$55.34
    ✓Dreman+37.5% margin vs $34.57
    Munger fair value$96.49
    ✓Munger+64.2% margin vs $34.57
    Pabrai fair value$22.25
    ✗Pabrai-55.4% margin vs $34.57
    Akre fair value$76.17
    ✓Akre+54.6% margin vs $34.57
    Marks fair value$201.18
    ✓Marks+82.8% margin vs $34.57
    Ackman fair value$82.45
    ✓Ackman+58.1% margin vs $34.57
  • Cash Flow80% pass✓ 10✗ 2▾

    8 of 10 pass — Buffett and Oshaughnessy object

    Free Cash Flow Proxy$1.6B
    ✗BuffettPositive and growing
    FCF Positive and Growing$1.8B
    ✓LynchPositive and growing
    Operating Cash Flow$3.5B
    ✓PiotroskiCFO > 0
    (CFO / Total Assets) vs ROACFO/Assets=16.67%, ROA=4.10%
    ✓PiotroskiCFO/Assets > ROA
    Price / (CFO / Shares)2.1x
    ✓Dreman< 8x
    P/E or FCF YieldP/E=8.8x, FCF Yield=13.4%
    ✓PabraiP/E < 15 or FCF Yield > 10%
    FCF Positive10/10 years FCF positive
    ✓MarksPositive FCF in majority of recent years
    (OCF - CapEx) / Market Cap24.1%
    ✓Ackman>= 4%
    Price / FCF per Share4.2x
    ✓Ackman<= 25
    Positive Operating Cash Flow frequency10/10 years positive
    ✓SleepPositive OCF in >= 70% of available years
    Operating Cash Flow - Capital Expenditures$1.8B
    ✓Neff> $0 (app proxy for a strong fundamental case)
    (Operating cash flow - capex) / market capitalization+13.35%; #481/4519 (top 10.6%)
    ✗OshaughnessyTop 10% of eligible cross-section
  • Debt & Leverage58% pass✓ 10✗ 5▾

    7 of 12 pass — Graham, Buffett, Lynch +2 more object

    LT Debt vs Net Current Assets
    ✗GrahamLT Debt <= Net Current Assets
    Debt/Equity & Interest CoverageD/E: 0.00, IC: 4.2x
    ✗BuffettD/E < 0.5 AND Interest Coverage > 5x
    Total Debt / Equity0
    ✓Lynch< 0.33
    Cash - Long-term Debt
    ✗LynchPositive preferred
    LT Debt / Total Assets Change0.00% -> 0.00%
    ✓PiotroskiDecreased YoY
    Current Assets / Current Liabilities0.81
    ✗Dreman> 1.5✗SchlossCurrent ratio >= 1.50x (app cutoff)
    Total Debt / Shareholders' Equity0
    ✓Dreman< 0.8✓Templeton< 1.0 (fixed cap; proxy for below-sector-median leverage)✓SchlossD/E < 1.00x
    Debt Levels0
    ✓MungerDebt/Equity < 0.5✓AkreDebt/Equity < 0.3
    Interest Coverage & Debt/EBITDAIC=4.2x, D/EBITDA=0.0x
    ✓MarksInterest Coverage > 3x; Debt/EBITDA < 4x
    Total Debt / Shareholders Equity0
    ✓Ackman<= 1.0
    Negative debt-to-equity (higher means less debt)-0.0000; #275/4210 (top 6.5%)
    ✓AsnessTop 30% of eligible cross-section

Where It Falls Short

  • Growth13% pass✓ 2✗ 11▾

    7 of 8 flag SKM's growth — Graham, Lynch, Dreman +4 more

    EPS Growth (3-yr avg, 10-yr window)-80.2%
    ✗Graham>= 33% growth
    Basic earnings-growth PEG (dividends excluded)P/E 8.8x (growth N/A)
    ✗Lynch< 1.0 (ideally < 0.5)
    3-5 Year EPS CAGR-17.9%
    ✗Lynch15-30% (Fast Grower); > 0% to pass
    Inventory Growth vs Revenue GrowthInv: 1.6% vs Rev: -11.3%
    ✗LynchInventory growth < Revenue growth
    EPS Growth Direction$17.86 (2015) -> $3.93 (2024)
    ✗DremanPositive over recent years
    EPS CAGR-15.5% CAGR over 9 years
    ✗Dreman> 5% annualized
    Positive Net Income Frequency10/10 years positive
    ✓MarksPositive net income in >= 7 of last 10 years
    3yr Median Revenue Growth-2.4%
    ✗Ackman>= 5%
    Positive EPS Growth Frequency3/5 years with positive EPS growth
    ✓AckmanPositive EPS growth in >= 3 of last 5 years
    5-Year EPS CAGR-17.9% CAGR over 5 years
    ✗Templeton> 0% (5-year EPS CAGR)
    Revenue growth vs. gross and operating margin trendrevenue flat/down, operating margin 9.2% -> 9.4%
    ✗SleepRevenue rising; gross margin flat or falling; operating margin holding
    5-year Revenue CAGR-1.8%
    ✗SleepCAGR > 7%
    3-5 Year Diluted EPS CAGR-17.9% over 5 years
    ✗Neff7%-20% annualized
  • Efficiency13% pass✓ 3✗ 8▾

    7 of 8 flag SKM's efficiency — Graham, Greenblatt, Piotroski +4 more

    Current Ratio0.81
    ✗Graham>= 2.0
    ROIC (3-5 yr avg)11.0%
    ✓Buffett> 10%
    ROIC - WACC+1.0%
    ✓BuffettPositive (WACC = 10%)
    EBIT / (NWC + Net Fixed Assets)19.1%
    ✗Greenblatt> 25%
    Current Ratio Change YoY0.94 -> 0.81
    ✗PiotroskiIncreased YoY
    Revenue / Total Assets Change YoY0.58x -> 0.59x
    ✓PiotroskiImproved YoY
    Current Assets / Current Liabilities0.81
    ✗Dreman> 1.5
    Return on Invested Capital11.4%
    ✗Munger> 15%
    ROIC (high and growing)FY2022: ROIC=11.1%; FY2023: ROIC=12.2%; FY2024: ROIC=11.4%
    ✗AkreLatest 3 consecutive FYs: ROIC > 15% in each
    Reinvestment Rate x ROIC4.1% (RR=36% x ROIC=11.4%)
    ✗AkreReinvestment Rate * ROIC > 10%
    ROIC (5-year)1/5 years above 12% (latest 11.4%)
    ✗SleepROIC > 12% in a majority of years
  • Profitability19% pass✓ 12✗ 23▾

    13 of 16 flag SKM's profitability — Graham, Buffett, Lynch +10 more

    Net income / market capitalization+6.42%; #1298/6340 (top 20.5%)
    ✓AsnessTop 30% of eligible cross-section✗OshaughnessyTop 10% of eligible cross-section
    Positive EPS (10 years)10/11 years positive
    ✗GrahamPositive EPS every year for 10 years
    EPS Growth (3-yr avg, 10-yr window)-80.2%
    ✗Graham>= 33% growth
    Net Income Positive (10+ years)10/11 years positive
    ✗BuffettPositive every year for 10+ years
    ROE (up to 5-year arithmetic mean)11.1%
    ✗Buffett> 15% arithmetic mean (app rule)
    Operating Margin (10-yr trend)9.4% (latest)
    ✓BuffettStable or rising over 10 years
    Free Cash Flow Proxy$1.6B
    ✗BuffettPositive and growing
    Earnings Variance (10-yr CoV)0.78
    ✗BuffettCoV < 0.3
    Retained Earnings Effectiveness
    ✗Buffett$1 retained -> > $1 market value created
    Basic earnings-growth PEG (dividends excluded)P/E 8.8x (growth N/A)
    ✗Lynch< 1.0 (ideally < 0.5)
    3-5 Year EPS CAGR-17.9%
    ✗Lynch15-30% (Fast Grower); > 0% to pass
    ROE10.7%
    ✗Lynch> 15%
    EBIT / Enterprise Value9.7%
    ✗Greenblatt> 10%
    Earnings Yield + ROC AssessmentEY=9.7%, ROC=19.1%
    ✗GreenblattBoth EY > 10% and ROC > 25%
    Net Income / Total Assets4.10%
    ✓PiotroskiROA > 0
    ROA Change YoY3.63% -> 4.10% (delta: +0.47%)
    ✓PiotroskiCurrent ROA > Prior ROA
    (CFO / Total Assets) vs ROACFO/Assets=16.67%, ROA=4.10%
    ✓PiotroskiCFO/Assets > ROA
    Gross Margin Change YoY
    ✗PiotroskiImproved YoY
    Pre-Tax Income / Revenue9.8%
    ✓Dreman>= 8%
    Net Income / Shareholders' Equity10.7%
    ✗Dreman> 12%
    Margin of SafetyP/E=8.8x, P/B=0.9x
    ✓PabraiP/B < 1.5 or P/E < 15
    Return on Equity9.4% (3-yr avg)
    ✗AkreROE > 20% (3-year avg)
    Discount to Intrinsic Value37.5% (IV=$55.34 vs Price=$34.57)
    ✓Marks>= 20% below intrinsic value
    Positive Net Income Frequency10/10 years positive
    ✓MarksPositive net income in >= 7 of last 10 years
    Operating Income / Revenue9.4%
    ✗Ackman>= 15%
    Net Income / Shareholders Equity10.7%
    ✗Ackman>= 15%
    5-Year EPS CAGR-17.9% CAGR over 5 years
    ✗Templeton> 0% (5-year EPS CAGR)
    Operating Margin Trend9.2% (2022) -> 9.4% (2024)
    ✓TempletonNon-negative operating-margin trend over 3 years
    Revenue growth vs. gross and operating margin trendrevenue flat/down, operating margin 9.2% -> 9.4%
    ✗SleepRevenue rising; gross margin flat or falling; operating margin holding
    Gross profit / total assets
    ✗AsnessTop 30% of eligible cross-section
    Net income / positive book equity+10.69%; #1703/5226 (top 32.6%)
    ✗AsnessTop 30% of eligible cross-section
    Negative 5-year standard deviation of ROA-0.0178; #1329/5884 (top 22.6%)
    ✓AsnessTop 30% of eligible cross-section
    3-5 Year Diluted EPS CAGR-17.9% over 5 years
    ✗Neff7%-20% annualized
    Positive Diluted-EPS Years10/10 years positive
    ✓Schloss>= 70% positive over 5-10 observed years (app rule)
  • Verdicts27% pass✓ 3✗ 8▾

    Split decision: 7 FAIL · 6 NEUTRAL · 2 BUY · 1 PASS

    Overall verdict
    ✓GrahamPASS (4/9)✗BuffettFAIL (3/9)✗LynchFAIL (2/7)✗GreenblattRank #686•PiotroskiNEUTRAL (F-Score 6)•DremanNEUTRAL (7/11)✓MungerBUY (3/4)•PabraiNEUTRAL (2/3)✗AkreFAIL (1/6)✓MarksBUY (5/5)•AckmanNEUTRAL (6/9)•TempletonNEUTRAL (6/8)✗SleepFAIL (2/6)•AsnessNEUTRAL (Not ranked)✗NeffFAIL (3/6)✗SchlossFAIL (3/7)✗OshaughnessyFAIL (Rank #241/963 (Top 25.0%))
  • Valuation46% pass✓ 15✗ 13▾

    7 of 13 flag SKM's valuation — Lynch, Greenblatt, Templeton +4 more

    Price / Book Value per Share0.9x
    ✓Dreman< 1.2x✓Templeton< 1.5x✗SchlossP/B <= 0.80x (app cutoff)
    Net income / market capitalization+6.42%; #1298/6340 (top 20.5%)
    ✓AsnessTop 30% of eligible cross-section✗OshaughnessyTop 10% of eligible cross-section
    Price / 3-yr avg EPS9.4x
    ✓Graham<= 15x
    Price-to-Book Ratio0.9x
    ✓Graham<= 1.5x
    P/E x P/B8.60
    ✓Graham<= 22.5
    Basic earnings-growth PEG (dividends excluded)P/E 8.8x (growth N/A)
    ✗Lynch< 1.0 (ideally < 0.5)
    EBIT / Enterprise Value9.7%
    ✗Greenblatt> 10%
    Earnings Yield + ROC AssessmentEY=9.7%, ROC=19.1%
    ✗GreenblattBoth EY > 10% and ROC > 25%
    Price / EPS8.8x
    ✓Dreman< 12x✓Templeton< 12x (fixed ceiling; proxy for the market's cheapest 40%)
    Price / (CFO / Shares)2.1x
    ✓Dreman< 8x
    Valuation ReasonablenessP/E=8.8x, OE Yield=21.5%
    ✓MungerP/E < 25 or Owner Earnings Yield > 5%
    P/E or FCF YieldP/E=8.8x, FCF Yield=13.4%
    ✓PabraiP/E < 15 or FCF Yield > 10%
    P/B or P/E vs. Historical AverageP/E=8.8x, P/B=0.9x
    ✓MarksP/E < 15 or P/B < 2.0
    Discount to Intrinsic Value37.5% (IV=$55.34 vs Price=$34.57)
    ✓Marks>= 20% below intrinsic value
    Price / FCF per Share4.2x
    ✓Ackman<= 25
    Price vs. Trailing Low171% of trailing low ($20.19)
    ✗Templeton<= 120% of trailing low (certified split-adjusted live window)
    Positive book equity / market capitalization+0.6007; #2520/6449 (top 39.1%)
    ✗AsnessTop 30% of eligible cross-section
    Price / Diluted EPS8.8x
    ✓NeffP/E <= 15x (app proxy for a P/E 40%-60% below the market)
    (EPS CAGR % + Dividend Yield %) / P/E-1.18
    ✗Neff> 0.7 (Neff's published traditional edge)
    Price / Tangible Book Value per Share1.45x
    ✗SchlossP/TBV <= 1.00x (app cutoff)
    Book Value per Share Change
    ✗SchlossLatest BVPS >= earliest BVPS over >= 3 years (app rule)
    Revenue / market capitalization+0.9213; #1860/5247 (top 35.4%)
    ✗OshaughnessyTop 10% of eligible cross-section
    (Operating cash flow - capex) / market capitalization+13.35%; #481/4519 (top 10.6%)
    ✗OshaughnessyTop 10% of eligible cross-section
    Trailing six-month price return through the evaluation date-5.05%; #3141/6202 (top 50.6%)
    ✗OshaughnessyTop 10% of eligible cross-section

Business & financials

Financial snapshot: annual FY 2024. Current investor scores may use newer quarterly data.

Company Profile

Industry: Communication
SIC Sector: Communications
Size: Large Cap($13.3B)
Revenue: $12.2B-11.3% YoY
Net Income: $852.0M-0.5% YoY

Financial Snapshot

Operating Margin9.4%
Return on Equity10.7%
Debt / Equity0.00
Current Ratio0.81
EPS (Diluted)$3.93+1.4% 1y
Buybacks (1y)$10.8M
Buybacks (2y)$234.2M
Shares Retired−0.1% / 2.4% 2y

Shareholder Return

Fiscal 2024

Issued 0.1% of shares last year, 2.4% over two.

Buybacks
$10.8M
Dividends
$548.1M

What drove EPS

A buyback raises earnings per share without the company earning more. This splits each year's change into the two.

FY21
−68.0% = 45.9% + −78.0%
FY22
−45.9% = −64.2% + 51.1%
FY23
18.6% = 18.2% + 0.3%
FY24
1.4% = −0.5% + 1.9%
Earnings Fewer shares More shares

The two parts do not sum exactly to the total — the difference is the cross-term, plus preferred capital where the company has any. It is left visible rather than distributed into the other two.

Share count is the denominator the filer used for diluted EPS, recovered as net income ÷ EPS — not the balance-sheet count, which is a point-in-time figure and would put the timing difference into this split. Years with a loss are omitted: a smaller share count makes a loss per share larger, so the decomposition inverts.

Company Financials

Latest TTM and quarters alongside annual years

TTM sums four consecutive quarters and uses the latest quarter-end balances. Quarter columns show three-month results; annual columns show full-year totals. Growth compares the same period a year earlier. EPS is not added for TTM; full-year ratios are blank for quarters.

MetricFY 2024
Sources
  • 20-F · 2025-04-29
FY 2023
Sources
  • 20-F · 2024-04-29
FY 2022
Sources
  • 20-F · 2023-04-27
FY 2021
Sources
  • 20-F · 2022-04-28
FY 2020
Sources
  • 20-F · 2021-04-29
Market Cap$13.3Bcurrent$4.1Best.$4.0Best.$4.6Best.$1.3Best.
Revenue$12.2B↓11%$13.8B$13.7B↓2%$14.1B↓5%$14.8B
Operating Income$1.2B↓16%$1.4B↑9%$1.3B↑5%$1.2B↑26%$954.2M
Net Income$852.0M$855.8M↑18%$724.0M↓64%$2.0B↑46%$1.4B
EPS (Diluted)$3.93↑1%$3.87↑19%$3.27↓46%$6.04↓68%$18.86
Gross Margin—————
Operating Margin9.4%↓6%10.0%↑8%9.2%↑8%8.6%↑33%6.4%
ROE10.7%↑11%9.6%↑19%8.1%↓61%20.8%↑228%6.3%
Total Debt$207.9K↓77%$886.7K↑23%$718.9K↓52%$1.5M↓100%$1.3B
Shareholders' Equity$8.0B↓11%$8.9B↓1%$9.0B↓8%$9.7B↓56%$21.9B
Current Ratio0.81↓14%0.94↑5%0.90↓2%0.91↓15%1.07
Debt / Equity0.00↓74%0.00↑24%0.00↓48%0.00↓100%0.06
Operating Cash Flow$3.5B↓10%$3.9B↓5%$4.1B↓3%$4.2B↓21%$5.4B
Free Cash Flow$1.8B↑15%$1.5B↓14%$1.8B$1.8B↓15%$2.1B

Score history

Historical Score Timeline

Industry peers

Industry Peers

Similar companies in Communication

SKM vs Peers — Financial Grading

Revenue$12.2BBottom 25%
Net Income$852.0MBottom 25%
ROE10.7%Median
D/E0.00Top 25%
Op. Margin9.4%Bottom 25%
Curr. Ratio0.81Median
CompanyMarket CapPriceRevenueNet IncomeROED/EOp. MarginCurr. RatioGrahamBuffettLynchGreenblattPiotroskiDreman
VERIZON COMMUNICATIONS INCVZ$192.1B$46.36$138.2B$17.2B16.2%1.5021.2%0.914/93/92/71/3F-Score 56/11
AT&T INC.T$149.4B$22.18$125.6B$22.0B17.4%1.0819.2%0.915/92/93/70/3F-Score 66/11
NIPPON TELEGRAPH & TELEPHONE CORPNTTYY$85.0B$26.32——————2/91/92/71/3F-Score 76/11
AMERICA MOVIL SAB DE CV/AMX$76.0B$25.47$42.1B$1.1B6.2%1.5420.7%0.721/95/91/71/3F-Score 62/11
VODAFONE GROUP PUBLIC LTD COVOD$35.6B$15.37$40.5B$4.5B-7.9%1.01-1.1%—1/92/90/70/3F-Score 52/11
CHARTER COMMUNICATIONS, INC. /MO/CHTR$24.8B$138.39$54.8B$5.0B31.1%5.9023.6%0.394/93/93/70/3F-Score 65/11
BCE INCBCE$20.0B$21.43$17.9B$4.8B28.3%1.52—0.584/91/95/71/3F-Score 69/11
ROGERS COMMUNICATIONS INCRCI$18.0B$33.24$15.9B$5.0B38.8%2.2545.2%0.615/95/95/71/3F-Score 48/11