SK Square Co Ltd

SK Square Co Ltd maintains a strong liquidity position, with cash and equivalents amounting to 1,111,102,000,000 KRW, and a current ratio of 1.66, indicating a solid ability to meet short-term obligations. The company's price-to-book ratio is 9.98, and its price-to-tangible-book ratio is also 9.98, suggesting that the market values the company significantly above its book value. The debt-to-equity ratio is 0.01, reflecting a low level of leverage and a conservative capital structure.

In terms of profitability, SK Square's return on equity is 2.21%, and its return on assets is 1.89%, both of which are relatively low compared to industry benchmarks. The company's operating income is 323,785,000,000 KRW, and its net income is 344,901,000,000 KRW, indicating a strong performance in terms of profitability. However, the company's gross profit margin is 63.03%, which is a key metric for assessing the efficiency of its operations.

SK Square's revenue is concentrated in a single business segment, as disclosed in its financial reports. The company's geographic exposure is primarily within South Korea, with no significant international operations reported. This concentration may pose a risk if the domestic market experiences economic downturns or regulatory changes.

The company's growth trajectory is positive, with a free cash flow of 342,388,000,000 KRW and a capital expenditure of -16,652,000,000 KRW, indicating that it is generating substantial cash and reinvesting a portion of it into its operations. The company's revenue for the latest period is 498,278,000,000 KRW, and its operating cash flow is -7,286,000,000 KRW, suggesting that it is investing in its operations despite a negative operating cash flow.

SK Square's risk assessment indicates a low level of liquidity and dilution risk. The company has no immediate filing-based liquidity or dilution flags, and its dilution potential is low. The company's conservative capital structure, with a low debt-to-equity ratio, further supports its low risk profile. Additionally, the company's strong cash reserves provide a buffer against potential financial stress.

Recent events and filings do not indicate any significant changes in the company's operations or financial position. The company's price targets from analysts range from 460,000 KRW to 1,100,000 KRW, with a mean price target of 790,000 KRW and a median price target of 840,000 KRW. The mean recommendation from analysts is 1.86, indicating a generally positive outlook.

Free cash flow surged 139.3% year-over-year to 8.88 trillion KRW in fiscal 2026.

Net income grew 137.6% year-over-year to 8.82 trillion KRW in fiscal 2026.

Debt-to-equity ratio of 0.01 is well below the 0.10 cohort median, reflecting a conservative capital structure.

Cash conversion ratio of -0.02 places the company in the bottom quartile of the Online Services cohort.

Revenue KRW 194.23B, −13,9% YoY; Operating income +88,8% YoY.

• ▍Revenue KRW 194.23B, −13,9% YoY
• ▍Operating income +88,8% YoY
• ▍Net income +120,0% YoY
• ▍Free cash flow +122,1% YoY
• ▍Net margin 1690.0%

Revenue KRW 407.89B, −10,8% YoY; Operating income +123,1% YoY.

• ▍Revenue KRW 407.89B, −10,8% YoY
• ▍Operating income +123,1% YoY
• ▍Net income +118,7% YoY
• ▍Free cash flow +118,0% YoY
• ▍Net margin 609.3%

Revenue KRW 406.59B, −13,2% YoY; Operating income +81,0% YoY.

• ▍Revenue KRW 406.59B, −13,2% YoY
• ▍Operating income +81,0% YoY
• ▍Net income +94,5% YoY
• ▍Free cash flow +97,0% YoY
• ▍Net margin 354.2%

Revenue KRW 402.81B, −19,2% YoY; Operating income +409,1% YoY.

• ▍Revenue KRW 402.81B, −19,2% YoY
• ▍Operating income +409,1% YoY
• ▍Net income +368,6% YoY
• ▍Free cash flow +375,0% YoY
• ▍Net margin 401.2%

Revenue KRW 225.51B; Operating income KRW 1.64T.

• ▍Revenue KRW 225.51B
• ▍Operating income KRW 1.64T
• ▍Net margin 661.6%

Revenue KRW 457.50B; Operating income KRW 1.16T.

• ▍Revenue KRW 457.50B
• ▍Operating income KRW 1.16T
• ▍Net margin 248.4%

Revenue KRW 468.57B; Operating income KRW 773.94B.

• ▍Revenue KRW 468.57B
• ▍Operating income KRW 773.94B
• ▍Net margin 158.1%

Revenue KRW 498.28B; Operating income KRW 323.79B.

• ▍Revenue KRW 498.28B
• ▍Operating income KRW 323.79B
• ▍Net margin 69.2%

Revenue KRW 1.41T, −14,4% YoY; Operating income +124,1% YoY.

• ▍Revenue KRW 1.41T, −14,4% YoY
• ▍Operating income +124,1% YoY
• ▍Net income +137,6% YoY
• ▍Free cash flow +139,3% YoY
• ▍Net margin 625.2%

Revenue KRW 1.65T, +636,8% YoY; Operating income +264,8% YoY.

• ▍Revenue KRW 1.65T, +636,8% YoY
• ▍Operating income +264,8% YoY
• ▍Net income +388,6% YoY
• ▍Free cash flow +250,9% YoY
• ▍Net margin 225.1%

Revenue KRW 223.91B, −91,8% YoY; Operating income −39 755,8% YoY.

• ▍Revenue KRW 223.91B, −91,8% YoY
• ▍Operating income −39 755,8% YoY
• ▍Net income −595,5% YoY
• ▍Free cash flow −8 055,3% YoY
• ▍Net margin -574.8%

Revenue KRW 2.74T, +138,6% YoY; Operating income −98,6% YoY.

• ▍Revenue KRW 2.74T, +138,6% YoY
• ▍Operating income −98,6% YoY
• ▍Net income −30,8% YoY
• ▍Free cash flow −91,3% YoY
• ▍Net margin 9.5%