PerpEquities

SK Square Co., Ltd. (SKSQUARE) financials

KSC · Technology · Semiconductors · 84 employees · CEO Joongsuk Oh

Price
₩950,000.00 +5.91%
Market cap
₩125T
Enterprise value
₩124T
Last report
Q2 '26 filed 2026-06-30
Next report
2026-11-12 EPS est. ₩84,663.23
Revenue (TTM)-₩1.97T-125.1% vs a year agoLast 4 quarters; bars = each quarter
Operating margin (TTM)165.6%+90.8 pp vs a year agoOperating income -₩3.26T
Net income (TTM)₩32.8T+477.3% vs a year agoAfter tax, incl. non-operating gains
Free cash flow (TTM)₩390B+5.1% vs a year agoCapex ₩24.4B
Diluted EPS (TTM)₩248,371.00+482.6% vs a year agoSum of the last 4 quarters
Net cash₩1.31T-36.0% vs a year agoCash + short-term investments - debt

Valuation & key figures

Market cap
₩125T
EV ₩124T
Revenue
-₩1.97T
Trailing 12 months
Revenue growth
-1%
FY2026 consensus
Profit margin
-1,669.5%
Net income / revenue, TTM
P/E
3.8×
Forward 2.6× (FY2026)
P/S
-63.7×
Price / sales, TTM
EV / EBITDA
16.6×
TTM
Free cash flow
₩390B
Trailing 12 months
Net income
₩32.8T
Trailing 12 months
Revenue estimate
₩1.4T
FY2026 consensus
Earnings
2026-11-12
Revenue est. ₩315B
Dividend
₩1,550.00
Per share, last 12 months

Key takeaways

Computed from the reported numbers - every statement carries the figure it rests on.

  • Last report (2026-08-14): revenue beat by 2.2%, EPS beat by 91.3%Revenue ₩329B vs ₩322B expected (+2.2%); EPS ₩135,569.42 vs ₩70,884.30 (+91.3%).
  • Revenue growth slowing: -82.6% year on yearQ2 '26 revenue ₩329B, against an average of -24.0% over the four quarters before.
  • Operating margin 165.6% (TTM), +90.8 pp on a year agoOperating income grew -155.5% while revenue grew -125.1%.
  • 109.3% of pre-tax profit is non-operatingPre-tax income ₩34.9T vs operating income -₩3.26T (TTM). Gains on equity stakes and other one-off items lift net income and EPS - operating income is the cleaner measure of the business.
  • Returned ₩445B to shareholders = 114.2% of free cash flowBuybacks ₩241B (a year earlier ₩101B), dividends ₩204B, stock-based pay -₩21.1B (TTM). More than the free cash flow: paid from cash or debt.
  • Diluted share count down 0.8% in a year132M diluted shares in Q2 '26, 133M a year earlier.
  • Net cash ₩1.31TCash + short-term investments ₩1.4T, debt incl. leases ₩92.2B; a year ago net cash ₩2.05T.

Last quarter: Q2 '26

Quarter ended 2026-06-30. Compared with the same quarter a year earlier and with the analyst consensus before the report.

Quarter vs a year ago

Q2 '26Year agoChange
Revenue₩329B₩1.89T-82.6%
Gross margin73.2%99.1%-25.9 pp
Operating income-₩32.4B₩1.4T-102.3%
Operating margin-9.9%74.2%-84.1 pp
Net income₩18.7T₩1.44T+1,196.7%
Diluted EPS₩141,392.00₩10,813.00+1,207.6%
Operating cash flow₩310B₩307B+0.9%
Capex₩8.28B₩7.98B+3.8%
Free cash flow₩302B₩299B+0.8%
R&D₩8.02B₩9.55B-16.0%
Stock-based compensation₩0₩21.1B-100.0%

Reported vs consensus

2026-08-14
ActualConsensusvs consensus
Revenue₩329B₩322B+2.2%
EPS (as estimated)₩135,569.42₩70,884.30+91.3%

From the report of 2026-08-14 for Q2 '26: revenue and the EPS analysts estimate (often adjusted), so it can differ from the EPS of the statements above.

EPS vs consensus

last 8 reports

Revenue

Where the money comes from - by business line and by region, quarter by quarter.

Revenue, operating income and growth

quarterly

Margins & cost structure

How much of each unit of revenue is left at each level - and where the costs go.

Margins

quarterly

Costs as % of revenue

quarterly

Cash flow & capital allocation

Cash generated, what it is spent on, and what reaches shareholders.

Operating cash flow, capex, free cash flow

quarterly

Uses of cash vs operating cash flow

fiscal years

Last 4 quarters

cash flow statement
Operating cash flow
₩414B
Capex
-₩24.4B
Buybacks
-₩241B
Dividends
-₩204B
Acquisitions
-₩391B
Net debt issued
-₩9.14B
Stock-based compensation
-₩21.1B
Free cash flow
₩390B
Returned to shareholders / FCF
114.2%

Share count and EPS

quarterly, diluted

Balance sheet

Liquidity, investments and debt at each quarter end.

Cash, investments and debt

quarter ends

Valuation & returns

Today's multiples against the company's own last five fiscal years; analyst targets and ratings.

Multiples and returns

TTM vs 5 fiscal years
Now5y averageWhere today sits in the 5-year range
P/E (TTM)3.8×12.8× 4 of 5 years2.8× – 25.0×
EV / EBITDA16.6×14.1× 3 of 5 years2.3× – 24.9×
EV / Sales-63.1×14.9×1.5× – 33.6×
Price / FCF321.3×400.0× 4 of 5 years81.7× – 1,103.8×
Price / Book2.3×0.7×0.3× – 1.8×
FCF yield0.3%0.3%-0.7% – 1.2%
Return on invested capital-5.3%1.6%-12.5% – 18.1%
Return on equity91.9%9.3%-8.5% – 31.9%

Outlook

Analyst consensus for the coming fiscal years and what it implies at today's price.

Consensus estimates

Fiscal yearRevenueGrowthEPSGrowthP/E at today's priceAnalysts (EPS)
FY2026₩1.4T-0.9%₩365,020.04+446.7%2.6×7
FY2027₩1.41T+0.7%₩431,721.61+18.3%2.2×10
FY2028₩1.49T+5.8%₩469,800.93+8.8%2.0×5

Financial statements

Every line of the income statement, balance sheet and cash flow statement - 12 quarters and 10 fiscal years, as values, as % of revenue or as growth.

Income statementRevenue, costs, operating income, net income and EPSOpenBalance sheetCash, investments, assets, debt, liabilities and equityOpenCash flowOperating cash flow, capex, free cash flow, buybacks and dividendsOpen

Sources

Statements, segment revenue, metrics and estimates are standardised from the company's filings.

Data as of 2026-11-02