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The latest update is out from Sk Telecom ( (SKM) ).
SK Telecom reported a sharp deterioration in its consolidated financial performance for the current fiscal year, as disclosed in preliminary results approved by its board on February 5, 2025. Operating revenue fell 4.7% year-on-year to approximately KRW 17.1 trillion, while operating income dropped 41.1% and profit for the period plunged 73%, driven mainly by the divestiture of a subsidiary, a decline in wireless subscribers following a cyber security incident, and the cost of implementing a customer appreciation package. Despite weaker earnings, the company’s balance sheet showed modestly lower total assets and liabilities and higher shareholders’ equity, and no capital impairment, with the figures remaining subject to external audit and final approval at the general shareholders’ meeting.
The most recent analyst rating on (SKM) stock is a Hold with a $29.00 price target. To see the full list of analyst forecasts on Sk Telecom stock, see the SKM Stock Forecast page.
Spark’s Take on SKM Stock
According to Spark, TipRanks’ AI Analyst, SKM is a Neutral.
The score is anchored by solid underlying financial performance and cash generation, but is held back by the earnings-call-driven deterioration in profitability (negative net income and dividend suspension) and very overbought technical conditions. Valuation is neutral-to-slightly expensive given the P/E, partially balanced by a moderate dividend yield.
To see Spark’s full report on SKM stock, click here.
More about Sk Telecom
SK Telecom Co., Ltd. is a leading South Korean telecommunications operator headquartered in Seoul, providing mobile and wireless communication services and related ICT solutions. The company reports its financial results under International Financial Reporting Standards as adopted in Korea and operates through a consolidated group structure that includes multiple subsidiaries.
Average Trading Volume: 1,044,757
Technical Sentiment Signal: Buy
Current Market Cap: $11.25B
Find detailed analytics on SKM stock on TipRanks’ Stock Analysis page.