SK Hynix Inc (000660) fair value: what the stock is really worth
As of Nov 5, 2026: fair value (intrinsic value) of SK Hynix Inc stock KRW 1,501,896, price KRW 1,264,000, upside +18.8%, quality 72 out of 100. Rating: undervalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 6, 2026.
How to read this chart
60‑month range 72,929 KRW – 2,918,367 KRW · fair‑value band 699,550 KRW – 1,940,297 KRW · the 1,264,000 KRW price screens below the 1,501,896 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 2 fiscal years are left out: there the valuation rested on only a fraction of the usual models. As of Nov 6, 2026.
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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.
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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.
Stock analysis
SK Hynix Inc (000660) currently trades at 1,264,000 KRW, while our model-based Fair Value estimate is 1,501,896 KRW, implying the stock looks roughly 16% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 1,806,649 KRW per share, and 9 of the 26 models we run sit above the 1,264,000 KRW price.
Bear case: the Economic Profit group reads lowest at 515,877 KRW, and 17 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: 699,550 KRW (bear) to 1,940,297 KRW (bull), the price of 1,264,000 KRW sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 72/100 (solid quality), in the Technology sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
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.
Key figures
Market cap 873T KRW (≈ $642B) Mega · P/E ratio 5.2 · P/S ratio 3.24 · EPS (TTM) 268,391 KRW · Dividend yield 0.1% · Net margin 70.3% · Return on equity 92.5% · Return on assets (EBIT) 11.6%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 95 out of 100 (low confidence).
What moves the price
The share trades about 57% below its 52-week high and 144% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −6% fair-value upside, at 19%, 000660 screens cheaper than that median.
Fair Value models
Bear699,550 KRWFair Value 1,501,896 KRWBull1,940,297 KRW
Price 1,264,000 KRW · Upside +18.8%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (226,675 KRW per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+46.8%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+29.6%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+24.9%
Start year 2020 (pandemic). Over 10 years: +17.9% a year
Revenue growth 25 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+9.2%
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What shareholders gained per year (last 5 years), in KRW (mathematically smoothed) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip. Measured in KRW: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
≈ +50.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year≈ +50.0%
Dividend (yield on the price)0.1%
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.16% → 49%
2025 sits 289% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
⚠ Base effect: the rate starts in the earnings trough around 2020 (starting value 6952 per share, median 18900 in 2017 to 2018). It measures the recovery from the trough, not lasting growth.
Growth Forecast
Price in line with expectations
The price assumes about as much growth as the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+25.0%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (South Korea: IMF forecast 2.1% a year to 2030, 2.1% from 2016 to 2025) that is about +22.4% a year for the price.
AI conclusion: Long-term supply agreements deliver visibility and pricing stability as the main strength, while limited public qualitative signals across factors remain the key weakness.
Main risk: A substantial share of revenue comes from a limited number of hyperscalers and Nvidia for HBM, so a slowdown in their AI spending or shift to custom chips could reduce demand and pressure margins.
Bull case: By advancing custom HBM, 3D stacked DRAM and HBF tiers SK Hynix could deepen partnerships with multiple hyperscalers and capture new AI inference demand across the memory hierarchy.
Bear case: If Chinese capacity floods commodity DRAM while AI spending slows and the lawsuit imposes restrictions, SK Hynix could lose share in key segments and face sustained margin pressure across its portfolio.
SK hynix has secured long-term supply agreements covering more than half its 2027 and 2028 production capacity, with DRAM and HBM output effectively sold out through 2029. These contracts add visibility and pricing stability in a sector long defined by sharp cycles, even as the company ramps HBM4 into its mainstream product. Our models see the shares as undervalued, yet does the contracted demand buffer outweigh the chance that AI spending growth moderates?
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.Semiconductors · 370 stocks
Beats the industry median on 12/15 measures
Overall it ranks above its industry peers.
Valuation
Quality Score72 · Top 25%
Fair Value upside+18.8% · Top 25%
Profitability
Return on equity (12 months)92.5% · Top 25%
Return on assets24.4% · Top 25%
Net margin (12 months)70.3% · Top 25%
Operating margin (12 months)79.7% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)327.9% · Top 25%
Dividend yield (12 months)0.1% · Bottom 25%
Balance sheet
Debt / equity0.12× · Above median
Valuation Multiplesvs Semiconductors median · lower = cheaper
P/E (12 months)5.2× · Cheapest 25%
P/B7.24× · Priciest 25%
P/S (12 months)3.24× · Cheaper than median
Price / free cash flow (fiscal year)35.2× · Cheaper than median
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Is SK Hynix Inc (000660) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of 1,501,896 KRW versus a price of 1,264,000 KRW, about +19% upside (undervalued).
What is the fair value of 000660?
Our model-based fair value for SK Hynix Inc is 1,501,896 KRW (as of Nov 6, 2026), built from audited fundamentals. The current price: 1,264,000 KRW.
What is the quality score of 000660?
SK Hynix Inc has a Quality Score of 72/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for SK Hynix Inc (000660)?
Our model-based price target is the fair value of 1,501,896 KRW (as of Nov 6, 2026) from 26 valuation models. Cautious scenario 699,550 KRW, optimistic scenario 1,940,297 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the SK Hynix Inc stock forecast for 2026?
Our models put fair value at 1,501,896 KRW, about +19% upside versus a price of 1,264,000 KRW (undervalued). Cautious scenario 699,550 KRW, optimistic scenario 1,940,297 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of SK Hynix Inc (000660)?
SK Hynix Inc reported trailing-twelve-month revenue of about 269T KRW (latest available figure, as of Nov 6, 2026).
Does SK Hynix Inc pay a dividend?
SK Hynix Inc currently shows a dividend yield of 0.12% relative to its recent price (as of Nov 6, 2026).
What growth is priced into SK Hynix Inc (000660)?
For today's price to be fair in a discounted-cash-flow model, SK Hynix Inc would have to grow free cash flow by +25.0 % per year for five years (discount rate 11.4 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +25.0 % per year. As of Nov 6, 2026.
What discount rate (WACC) does the fair value of 000660 use?
Our models discount SK Hynix Inc at 11.4 %: a base by market capitalisation (mega), damped by beta 2.47, country premium for South Korea. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For SK Hynix Inc that is +25.0 % per year a year over ten years, using the same discount rate (11.4 %) and the same formula as our fair value.
How much growth has SK Hynix Inc (000660) delivered so far?
Over the past 5 years revenue at SK Hynix Inc grew +25.0 % a year. The price currently implies +25.0 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of SK Hynix Inc (000660) growing?
The median revenue growth in the sector is +11.3 % a year. That is the yardstick for the growth priced into SK Hynix Inc (+25.0 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of SK Hynix Inc (000660)?
The free-cash-flow yield on the price is 2.84 %: that much free cash flow SK Hynix Inc produces per unit of market value. When it exceeds the discount rate of our models (11.4 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of SK Hynix Inc (000660)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For SK Hynix Inc it is 1,501,896 KRW per share (as of Nov 6, 2026), against a price of 1,264,000 KRW. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is SK Hynix Inc stock overvalued or undervalued in 2026?
As of Nov 6, 2026, 000660 trades below its calculated fair value: price 1,264,000 KRW, fair value 1,501,896 KRW, a gap of about +19% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 000660?
No. The price is what the market pays today (1,264,000 KRW); the fair value is what the company's own numbers justify (1,501,896 KRW). For SK Hynix Inc the two are 237,896 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is SK Hynix Inc worth?
The market values SK Hynix Inc at about 873T KRW (market capitalisation, as of Nov 6, 2026). Per share that is 1,264,000 KRW; our models calculate a fair value of 1,501,896 KRW per share.
What do the bullish and bearish scenarios say about 000660?
Our models span a range for SK Hynix Inc: cautious scenario 699,550 KRW, base 1,501,896 KRW, optimistic 1,940,297 KRW per share (as of Nov 6, 2026, price 1,264,000 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 000660?
SK Hynix Inc trades at a price-to-earnings ratio of 5.2 (as of Nov 6, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 1,501,896 KRW is built from several models across several years. Median P/E at fiscal year-end, 8 fiscal years (2017 to 2025), reported earnings: 9.9. Other multiples: PEG 0.1, P/B 7.2, P/S 3.2, EV/EBITDA 4.0.
What is the PEG ratio of 000660?
The PEG ratio of SK Hynix Inc is 0.13 (P/E divided by earnings growth, as of Nov 6, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of SK Hynix Inc (000660)?
Balance-sheet figures for SK Hynix Inc (as of Nov 6, 2026): return on equity 92.5%, debt of 0.12 per unit of equity. They feed the Quality Score of 72/100, which measures business quality independently of the share price.
How far is 000660 from its 52-week high?
SK Hynix Inc trades at 1,264,000 KRW, about 57% below its 52-week high of 2,918,367 KRW and 144% above the low of 517,475 KRW (as of Nov 5, 2026). Distance from the high says nothing about value: that is what the fair value of 1,501,896 KRW is for.
Which stocks are comparable to SK Hynix Inc?
From the same area (Technology) we also value NVIDIA Corporation, Taiwan Semiconductor Manufacturing Company, Broadcom Inc, Micron Technology, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is SK Hynix Inc stock attractive at the current price?
The data as of Nov 6, 2026: price 1,264,000 KRW, calculated fair value 1,501,896 KRW (+19%), Quality Score 72/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 000660 calculated?
We run SK Hynix Inc through 26 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 1,501,896 KRW, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 15.5% above its aggregate fair value. SK Hynix Inc currently trades 16% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of SK Hynix Inc (000660)?
The closing price on Nov 5, 2026 was 1,264,000 KRW. Our model-based fair value is 1,501,896 KRW, about +19% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with SK Hynix Inc right now?
The model range is unusually wide (699,550 KRW to 1,940,297 KRW). The outcome hinges heavily on assumptions, so read the point estimate with caution. The price sits in the lower half of our model range, the side with the larger margin of safety. The data supports the verdict: every model runs on fully documented inputs.
Key figures of SK Hynix Inc
How large is the market capitalisation of SK Hynix Inc (000660)?
The market capitalisation of SK Hynix Inc is 873T KRW (≈ $642B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of SK Hynix Inc (000660)?
The price-to-sales ratio of SK Hynix Inc is 3.24 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of SK Hynix Inc (000660)?
Earnings per share at SK Hynix Inc are 268,391 KRW (price ÷ EPS = P/E 5.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of SK Hynix Inc (000660)?
The dividend yield of SK Hynix Inc is 0.1% (payout 0.6%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of SK Hynix Inc (000660)?
The net margin of SK Hynix Inc is 70.3% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of SK Hynix Inc (000660)?
The return on equity (ROE) of SK Hynix Inc is 92.5% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of SK Hynix Inc (000660)?
On an EBIT basis the return on assets of SK Hynix Inc is 11.6% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of SK Hynix Inc (000660)?
The operating margin of SK Hynix Inc is 79.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at SK Hynix Inc (000660)?
Revenue at SK Hynix Inc is growing +328% versus a year earlier (3y avg +29.6%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at SK Hynix Inc (000660)?
Earnings per share at SK Hynix Inc are growing +205% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does SK Hynix Inc (000660) carry?
The net debt of SK Hynix Inc is 7.3T KRW (fiscal year 2025, ≈ 0.3 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Broad data
Nov 6, 2026