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SK hynix Inc (000660) Fair Value & Analysis

Technology · KR · Market cap 1,478T KRW

SH SK hynix Inc 000660 · KO
Price1,495,000 KRW
Fair Value1,109,311 KRW
Upside-25.8%
Quality66/100
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Expensive Growth
Highly profitable · 56.9% net margin
Low debt · generates free cash flow
0.16% dividend yield
Ranks above peers (9/11)
Wide moat 95/100
Evidence: High Range 594,716 KRW – 1,989,022 KRW Share as image

Fair value as of: Jul 15, 2026

From 24 valuation models · updated 23 days ago

Share price −32.1% over the past month.

A solid business, but screening 26% overvalued on our models.

What matters now

  • The model range is unusually wide (594,716 KRW to 1,989,022 KRW). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Solid but not exceptional quality (66/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

2,919,000 KRW 72,945 KRW Fair Value 1,109,311 KRW Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 15, 2026.

How to read this chart

60‑month range 72,945 KRW – 2,919,000 KRW · fair‑value band 594,716 KRW – 1,989,022 KRW · the 1,495,000 KRW price screens above the 1,109,311 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 15, 2026.

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Analysis

SK hynix Inc (000660) currently trades at 1,495,000 KRW, while our model-based Fair Value estimate is 1,109,311 KRW, implying the stock looks roughly 25.8% overvalued today. We read business quality at 66/100 (solid quality), in the Technology sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, SK hynix Inc generated revenue of 132T KRW at a net margin of 56.9%. Revenue grew 198.1% year over year. It earns a return on equity of 61.2%. Net debt stands at 7.3T KRW. Fundamentals as of Jul 15, 2026

Our scenario range runs from 594,716 KRW (bear case) to 1,989,022 KRW (bull case); at 1,495,000 KRW, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades near its 52-week high, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -62% fair-value upside, at -26%, 000660 screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth DCF 540,007 KRW 1,138,592 KRW 2,296,874 KRW 80
Residual Income 478,486 KRW 689,491 KRW 7,504,714 KRW 76
Rev-Margin DCF 336,288 KRW 605,454 KRW 995,537 KRW 74
All 24 models by family
DCF Models
FCF DCF 560,000 KRW 1,006,917 KRW 2,255,938 KRW 38
Owner Earnings 638,351 KRW 1,428,595 KRW 3,101,836 KRW 31
5Y Revenue Exit 336,288 KRW 594,461 KRW 1,013,408 KRW 39
5Y EBITDA Exit 746,853 KRW 1,505,712 KRW 2,687,554 KRW 41
5Y P/E Exit 794,174 KRW 1,672,474 KRW 2,785,675 KRW 38
10Y Revenue Exit 390,489 KRW 703,367 KRW 1,131,709 KRW 36
10Y EBITDA Exit 692,504 KRW 1,463,079 KRW 2,842,944 KRW 37
10Y P/E Exit 726,174 KRW 1,550,642 KRW 2,937,030 KRW 35
Earnings-Based
Graham-Dodd 411,142 KRW 2,679,248 KRW 3,748,805 KRW 54
Lynch FV 779,175 KRW 1,113,106 KRW 1,447,038 KRW 50
PEG = 1.0 779,175 KRW 1,113,106 KRW 1,447,038 KRW 46
EPV 599,692 KRW 705,312 KRW 799,196 KRW 59
Multiples
P/E Multiple 906,931 KRW 1,209,241 KRW 1,511,551 KRW 63
P/S Multiple 256,602 KRW 342,136 KRW 427,670 KRW 58
P/B Multiple 381,996 KRW 509,327 KRW 636,659 KRW 55
EV/EBIT 898,948 KRW 1,198,205 KRW 1,497,461 KRW 53
EV/EBITDA 840,901 KRW 1,120,809 KRW 1,400,716 KRW 54
EV/Revenue 240,675 KRW 343,316 KRW 445,956 KRW 43
Asset-Based
NCAV (Graham) 84,888 KRW 113,750 KRW 169,776 KRW 50
Growth DCF
Growth DCF 540,007 KRW 1,138,592 KRW 2,296,874 KRW 80
Rev-Margin DCF 336,288 KRW 605,454 KRW 995,537 KRW 74
Economic Profit
Residual Income 478,486 KRW 689,491 KRW 7,504,714 KRW 76
ROIC Compounder 719,743 KRW 1,012,199 KRW 1,411,222 KRW 72
Growth Earnings
Growth-Adj P/E 1,071,012 KRW 1,530,017 KRW 1,989,022 KRW 68

Widest divergence: Growth Earnings (1,530,017 KRW) versus Asset-Based (113,750 KRW). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 132T KRW
Revenue growth (YoY) +198%
Net margin 56.9%
Return on equity 61.2%
Free cash flow 24.8T KRW FY2025
Operating margin 71.5%
More key figures
Dividend yield 0.2%
EPS growth (YoY) +397%
Net debt 7.3T KRW FY2025

Figures from reported company fundamentals · as of Jul 15, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 66/100

Of which business quality 68 · Market factors (momentum, volatility) 60

Profitability 79
Margins and returns on capital today
Quality Growth 70
Are margins and returns improving?
Cashflow 67
Earnings quality: real cash, not paper profit
Fin. Strength 84
Balance sheet, leverage, solvency risk
Investment 1
Disciplined investing over empire-building
Low Volatility 0
Calm price path (market factor)
Momentum 93
Price trend over the last 3–12 months (market factor)
52W Momentum 73
Distance to the 52-week high (market factor)
Net Issuance 80
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

SK hynix Inc. research, develops manufactures, and sells semiconductor devices in Korea, China, rest of Asia, the United States, and Europe. It offers DRAM, NAND storage, SSD, MCP, and CMM products. The company provides its products for server, networking, mobile, personal computer, consumer, and automotive applications.

Full company description

SK hynix Inc. research, develops manufactures, and sells semiconductor devices in Korea, China, rest of Asia, the United States, and Europe. It offers DRAM, NAND storage, SSD, MCP, and CMM products. The company provides its products for server, networking, mobile, personal computer, consumer, and automotive applications. It is also involved in the construction, business support, industrial material distribution, semiconductor apparel manufacturing, baking, hospital, education, information and communication, investment, and money trust activities. The company was formerly known as Hynix Semiconductor Inc. and changed its name to SK hynix Inc. in March 2012. SK hynix Inc. was founded in 1949 and is headquartered in Icheon-si, South Korea.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

SK hynix Inc reported revenue of 97.1T KRW in FY2025 versus 43.0T KRW in FY2021, a compound +22.6%/yr. Reported net income was 42.9T KRW in FY2025, compounding +45.4%/yr from FY2021.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
97.1T KRW
Latest YoY
+46.8%
Avg. growth/yr (3Y)
+29.6%
Avg. growth/yr (5Y)
+24.9%
Avg. growth/yr (25Y)
+9.2%
Revenue +22.6%/yr
FY21 43.0T KRW
FY22 44.6T KRW
FY23 32.8T KRW
FY24 66.2T KRW
FY25 97.1T KRW
Net income +45.4%/yr
FY21 9.6T KRW
FY22 2.2T KRW
FY23 −9.1T KRW
FY24 19.8T KRW
FY25 42.9T KRW

000660 screens 26% overvalued. Compare with NVIDIA Corporation →

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Cite: Fair Value Calculator (2026). "SK hynix Inc Fair Value". https://www.fairvalue-calculator.com/stock/000660

Peer Group

Semiconductors · 319 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 66 · Top 25%
Fair Value upside −26% · Above median
Return on equity (TTM) 61% · Top 25%
Return on assets 28% · Top 25%
Net margin (TTM) 57% · Top 25%
Operating margin (TTM) 72% · Top 25%
Revenue growth 198% · Top 25%
Dividend yield (TTM) 0.2% · Bottom 25%
Debt / equity 0.12× · Higher than median

Valuation Multiples vs Semiconductors median · lower = cheaper

P/FCF 0.0× · Cheaper than 75% of peers
PEG 0.45× · Cheaper than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 0
FUTURE 100 · sector 60
PAST 100 · sector 24
HEALTH 94 · sector 97
DIVIDEND 3 · sector 22

VALUE 0: the price sits above our fair-value range.

Insider activity: 45/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Semiconductors stocks, each showing price versus our Fair Value estimate (as of Jul 15, 2026).

Stock Price Fair Value vs Fair Value
NVIDIA Corporation NVDA $211.80 $96.91 -54%
Taiwan Semiconductor Manufacturing Company TSM $398.37 $207.49 -48%
Broadcom Inc 1AVGO €323.25 €121.25 -62%
Micron Technology, Inc ZMIC C$52.57 C$7.50 -86%
Advanced Micro Devices, Inc 1AMD €464.70 €56.33 -88%
Intel Corporation INTC C$68.40 C$9.82 -86%
Texas Instruments Incorporated TXN $311.46 $59.75 -81%
MediaTek Inc 2454 3,740 TWD 1,163 TWD -69%
SK Square Co 402340 1,212,000 KRW 868,000 KRW -28%
GigaDevice Semiconductor Inc 3986 HK$917.50 HK$540.01 -41%

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Frequently asked questions

Is SK hynix Inc (000660) overvalued or undervalued?
As of Jul 15, 2026, our model estimates a fair value of 1,109,311 KRW versus a price of 1,495,000 KRW, about −26% (overvalued).
What is the fair value of 000660?
Our model-based fair value for SK hynix Inc is 1,109,311 KRW (as of Jul 15, 2026), built from audited fundamentals. The current price is 1,495,000 KRW.
What is the quality score of 000660?
SK hynix Inc has a Quality Score of 66/100. It combines two groups: business quality (profitability, growth, cash flow, balance-sheet strength) and market factors (price momentum, distance to the 52-week high, volatility). Both subtotals are shown separately in the detail view.
What is the revenue of SK hynix Inc (000660)?
SK hynix Inc reported trailing-twelve-month revenue of about 132T KRW (latest available figure, as of Jul 15, 2026).
What is the net profit margin of 000660?
The net profit margin of SK hynix Inc is about 56.9%, meaning it keeps roughly 56.9% of revenue as net income. Based on the latest reported figures.
Does SK hynix Inc pay a dividend?
SK hynix Inc currently shows a dividend yield of about 0.14% relative to its recent price (as of Jul 15, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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