SKM vs. TLK: SK Telecom vs. Telekomunikasi Indonesia Stock Comparison

November 11, 2026

How do SK Telecom (SKM) and Telekomunikasi Indonesia (TLK) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

SK Telecom (SKM) and Telekomunikasi Indonesia (TLK) both fall under the Telecommunication Services industry group, but SKM is classified in Wireless Telecommunication Services while TLK is classified in Diversified Telecommunication Services.

Both SK Telecom (SKM) and Telekomunikasi Indonesia (TLK) trade as ADRs — their core financials are comparable, but keep FX, depositary-program fees, and dividend withholding in view for each.

Company profile comparison for SK Telecom (SKM) and Telekomunikasi Indonesia (TLK)
Profile Item	SKM	TLK
Name	SK Telecom Co., Ltd. Sponsored ADR	PT Telkom Indonesia (Persero) Tbk ADR
Country/Region	South Korea	Indonesia
GICS Sector	Communication Services	Communication Services
GICS Industry Group	Telecommunication Services	Telecommunication Services
GICS Industry	Wireless Telecommunication Services	Diversified Telecommunication Services
GICS Sub-Industry	Wireless Telecommunication Services	Integrated Telecommunication Services
Market Capitalization	11.99 billion USD	10.95 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	June 27, 1996	November 14, 1995
Security Type	ADR	ADR

Price Performance

Cumulative Growth

SKM

TLK

GSPC

SK Telecom (SKM) vs. Telekomunikasi Indonesia (TLK), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for SK Telecom (SKM) and Telekomunikasi Indonesia (TLK). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for SK Telecom (SKM) and Telekomunikasi Indonesia (TLK). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for SK Telecom (SKM) and Telekomunikasi Indonesia (TLK)
Metric	SKM	TLK
Total Return (1Y)	59.22%	-40.67%
Total Return (3Y, Annualized)	18.66%	-14.80%
Total Return (5Y, Annualized)	6.83%	-10.13%

Risk Profile

Drawdown History

SKM

TLK

GSPC

SK Telecom (SKM) vs. Telekomunikasi Indonesia (TLK), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for SK Telecom (SKM) and Telekomunikasi Indonesia (TLK). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for SK Telecom (SKM) and Telekomunikasi Indonesia (TLK)
Metric	SKM	TLK
Volatility (1Y, Annualized)	51.22%	37.07%
Beta (5Y)	0.86	0.42
Max Drawdown (5Y)	-36.04%	-57.78%
Avg. Volume (3M)	1.45M	1.48M

Risk-Adjusted Performance

Risk-Return Positioning

SKM and TLK are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for SK Telecom (SKM) and Telekomunikasi Indonesia (TLK)
Metric	SKM	TLK
Sharpe Ratio (1Y)	1.07	-1.21
Sortino Ratio (1Y)	1.70	-1.51

Profitability

ROE (TTM)

Capital efficiency shows on one side only: Telekomunikasi Indonesia (TLK) earns 16.30% on shareholders’ equity, ranked against its industry; SK Telecom (SKM) has no ROE this period.

SKM

Telecommunication Services industry group

Max: 31.74%
Q3: 17.02%
Median: 7.32%
Q1: -5.16%
Min: -20.26%
SKM: --

TLK

Telecommunication Services industry group

16.30%

Max: 31.74%
Q3: 17.02%
TLK: 16.30%
Median: 7.32%
Q1: -5.16%
Min: -20.26%

SK Telecom (SKM) vs. Telekomunikasi Indonesia (TLK): SKM does not report ROE, so it has no value marker; TLK is benchmarked against the Telecommunication Services industry group.

Net Margin (TTM)

Both SK Telecom (SKM) at 7.50% and Telekomunikasi Indonesia (TLK) at 11.44% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.

SKM

Telecommunication Services industry group

7.50%

Max: 30.45%
Q3: 11.78%
SKM: 7.50%
Median: 7.20%
Q1: -3.86%
Min: -18.49%

TLK

Telecommunication Services industry group

11.44%

Max: 30.45%
Q3: 11.78%
TLK: 11.44%
Median: 7.20%
Q1: -3.86%
Min: -18.49%

SK Telecom (SKM) vs. Telekomunikasi Indonesia (TLK): A comparison of their net margin against the Telecommunication Services industry group benchmark.

Operating Margin (TTM)

SK Telecom (SKM) at 12.28% runs core operations around its industry’s norm, while Telekomunikasi Indonesia (TLK) at 0.00% operates in the bottom quartile.

SKM

Telecommunication Services industry group

12.28%

Max: 35.53%
Q3: 22.79%
Median: 12.87%
SKM: 12.28%
Q1: 0.82%
Min: -29.20%

TLK

Telecommunication Services industry group

0.00%

Max: 35.53%
Q3: 22.79%
Median: 12.87%
Q1: 0.82%
TLK: 0.00%
Min: -29.20%

SK Telecom (SKM) vs. Telekomunikasi Indonesia (TLK): A comparison of their operating margin against the Telecommunication Services industry group benchmark.

Profitability Metrics

Profitability metrics for SK Telecom (SKM) and Telekomunikasi Indonesia (TLK)
Metric	SKM	TLK
ROE (TTM)	--	16.30%
ROA (TTM)	--	7.97%
Net Margin (TTM)	7.50%	11.44%
Operating Margin (TTM)	12.28%	0.00%
Gross Margin (TTM)	64.61%	59.70%

Growth

Revenue Growth

Both SK Telecom (SKM) at -4.69% and Telekomunikasi Indonesia (TLK) at -2.15% post bottom-quartile revenue growth versus peers, pointing to weaker demand or pricing momentum than typical rivals.

SK Telecom (SKM) vs. Telekomunikasi Indonesia (TLK): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both SK Telecom (SKM) at -68.34% and Telekomunikasi Indonesia (TLK) at -24.67% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

SK Telecom (SKM) vs. Telekomunikasi Indonesia (TLK): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for SK Telecom (SKM) and Telekomunikasi Indonesia (TLK)
Metric	SKM	TLK
Revenue Growth (YoY)	-4.69%	-2.15%
Revenue Growth (3Y CAGR)	-0.40%	-0.13%
EPS Growth (YoY)	-68.34%	-24.67%
EPS Growth (3Y CAGR)	-23.75%	-4.96%

Financial Strength

Current Ratio (MRQ)

Both SK Telecom (SKM) at 1.20 and Telekomunikasi Indonesia (TLK) at 0.81 carry current ratio within their industries’ typical mid-ranges, suggesting balanced short-term liquidity relative to peers.

SKM

Telecommunication Services industry group

1.20

Max: 2.85
Q3: 1.64
SKM: 1.20
Median: 0.97
Q1: 0.78
Min: 0.26

TLK

Telecommunication Services industry group

0.81

Max: 2.85
Q3: 1.64
Median: 0.97
TLK: 0.81
Q1: 0.78
Min: 0.26

SK Telecom (SKM) vs. Telekomunikasi Indonesia (TLK): A comparison of their current ratio against the Telecommunication Services industry group benchmark.

Debt / Equity (MRQ)

Both SK Telecom (SKM) at 0.43 and Telekomunikasi Indonesia (TLK) at 0.56 keep leverage in the lower quartile of their industries, with less balance-sheet debt relative to equity than most peers.

SKM

Telecommunication Services industry group

0.43

Max: 3.94
Q3: 2.11
Median: 1.32
Q1: 0.65
SKM: 0.43
Min: 0.00

TLK

Telecommunication Services industry group

0.56

Max: 3.94
Q3: 2.11
Median: 1.32
Q1: 0.65
TLK: 0.56
Min: 0.00

SK Telecom (SKM) vs. Telekomunikasi Indonesia (TLK): A comparison of their debt-to-equity ratio against the Telecommunication Services industry group benchmark.

Financial Strength Metrics

Financial strength metrics for SK Telecom (SKM) and Telekomunikasi Indonesia (TLK)
Metric	SKM	TLK
Current Ratio (MRQ)	1.20	0.81
Debt / Equity (MRQ)	0.43	0.56
Net Debt / EBITDA	0.90	--

Dividends

Dividend Yield (TTM)

Neither SK Telecom (SKM) nor Telekomunikasi Indonesia (TLK) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.

SKM

Telecommunication Services industry group

0.00%

Max: 6.10%
Q3: 2.63%
SKM: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

TLK

Telecommunication Services industry group

0.00%

Max: 6.10%
Q3: 2.63%
TLK: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

SK Telecom (SKM) vs. Telekomunikasi Indonesia (TLK): A comparison of their dividend yield against the Telecommunication Services industry group benchmark.

Dividend Payout Ratio (TTM)

Telekomunikasi Indonesia (TLK) reports payout ratio above 100% at 121.72%, meaning dividends exceeded current-period earnings and sustainability needs extra context. Meanwhile SK Telecom (SKM) reports 47.95%, ranking against industry peers normally.

SKM

Telecommunication Services industry group

47.95%

Max: 121.72%
Q3: 68.18%
SKM: 47.95%
Median: 4.06%
Q1: 0.00%
Min: 0.00%

TLK

Telecommunication Services industry group

121.72%

TLK: 121.72%
Max: 121.72%
Q3: 68.18%
Median: 4.06%
Q1: 0.00%
Min: 0.00%

SK Telecom (SKM) vs. Telekomunikasi Indonesia (TLK): A comparison of their payout ratio against the Telecommunication Services industry group benchmark.

Dividend Metrics

Dividend metrics for SK Telecom (SKM) and Telekomunikasi Indonesia (TLK)
Metric	SKM	TLK
Dividend Yield (TTM)	0.00%	0.00%
Dividend Payout Ratio (TTM)	47.95%	121.72%

Valuation

P/E Ratio (TTM)

Telekomunikasi Indonesia (TLK) at 11.71 is near its industry’s usual P/E ratio, while SK Telecom (SKM) at 23.84 sits in the richer quartile — SKM needs stronger growth or earnings quality to justify the premium.

SKM

Telecommunication Services industry group

23.84

Max: 30.40
SKM: 23.84
Q3: 23.75
Median: 13.30
Q1: 8.65
Min: 2.50

TLK

Telecommunication Services industry group

11.71

Max: 30.40
Q3: 23.75
Median: 13.30
TLK: 11.71
Q1: 8.65
Min: 2.50

SK Telecom (SKM) vs. Telekomunikasi Indonesia (TLK): A comparison of their P/E ratio against the Telecommunication Services industry group benchmark.

P/S Ratio (TTM)

A sales-based read is only available for SK Telecom (SKM), whose P/S ratio of 0.00 ranks against industry peers; Telekomunikasi Indonesia (TLK) reports no figure this period.

SKM

Telecommunication Services industry group

0.00

Max: 3.01
Q3: 1.73
Median: 0.81
Q1: 0.36
SKM: 0.00
Min: 0.00

TLK

Telecommunication Services industry group

Max: 3.01
Q3: 1.73
Median: 0.81
Q1: 0.36
Min: 0.00
TLK: --

SK Telecom (SKM) vs. Telekomunikasi Indonesia (TLK): TLK does not report P/S ratio, so it has no value marker; SKM is benchmarked against the Telecommunication Services industry group.

P/B Ratio (MRQ)

Telekomunikasi Indonesia (TLK) at 0.01 sits in the lower P/B ratio quartile against book while SK Telecom (SKM) at 1.03 is valued near its industry’s middle — TLK is cheaper on assets, though weigh it against ROE and asset quality.

SKM

Telecommunication Services industry group

1.03

Max: 8.10
Q3: 3.98
Median: 1.53
SKM: 1.03
Q1: 0.65
Min: -2.39

TLK

Telecommunication Services industry group

0.01

Max: 8.10
Q3: 3.98
Median: 1.53
Q1: 0.65
TLK: 0.01
Min: -2.39

SK Telecom (SKM) vs. Telekomunikasi Indonesia (TLK): A comparison of their P/B ratio against the Telecommunication Services industry group benchmark.

Valuation Metrics

Valuation metrics for SK Telecom (SKM) and Telekomunikasi Indonesia (TLK)
Metric	SKM	TLK
P/E Ratio (TTM)	23.84	11.71
P/S Ratio (TTM)	0.00	--
P/B Ratio (MRQ)	1.03	0.01
Free Cash Flow Yield (TTM)	--	293,224.69%