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SK Hynix Inc (000660) Fair Value & Analysis

Technology · KR · Market cap 1,478T KRW (≈ $1.0T) · ISIN KR7000660001

What is SK Hynix Inc really worth?

SH SK Hynix Inc 000660 · KO
Price1,647,000 KRW
Fair Value1,481,291 KRW
Upside−10.1%
Quality68/100

A solid business, but trading 11% above our fair value of 1,481,291 KRW.

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Strengths

Highly profitable · 56.9% net margin
Low debt · generates free cash flow
Ranks above peers (9/11)
Wide moat 95/100

Risks

!Expensive Growth (revenue 5y +24.9 %/yr)
!Evidence only medium, so the estimate is less certain
!Weak on valuation: 20 out of 100
!Weak on dividend: 4 out of 100

For context

·0.18% dividend yield
Evidence: Medium Range 686,965 KRW – 2,333,154 KRW

Fair value as of: Sep 5, 2026

From 24 valuation models · updated today

Share price +5.1% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The model range is unusually wide (686,965 KRW to 2,333,154 KRW). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • The price sits in the upper half of our model range, so the margin of safety is thin.
  • Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.

Price vs Fair Value (5 years)

2,919,000 KRW 72,945 KRW Fair Value 1,481,291 KRW Apr 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 5, 2026.

How to read this chart

60‑month range 72,945 KRW – 2,919,000 KRW · fair‑value band 686,965 KRW – 2,333,154 KRW · the 1,647,000 KRW price screens above the 1,481,291 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 5, 2026.

Full chart & analysis →

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Analysis

SK Hynix Inc (000660) currently trades at 1,647,000 KRW, while our model-based Fair Value estimate is 1,481,291 KRW, implying the stock looks roughly 11.2% overvalued today. The Quality Score stands at 68/100 (solid quality), in the Technology sector. Bull case: the Growth Earnings group reads highest at a median of 1,794,734 KRW per share, and 7 of the 24 models we run sit above the 1,647,000 KRW price. Bear case: the Economic Profit group reads lowest at 689,491 KRW, and 17 of the 24 models stay below the price. Evidence for this calculation is medium.

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 Sep 5, 2026

Our scenario range runs from 686,965 KRW (bear case) to 2,333,154 KRW (bull case); at 1,647,000 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. For context, the median of 10 Technology peers we cover trades at −62% fair-value upside, at −10%, 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, family-balanced 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. Every input is real reported data, nothing guessed.

Model 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. Evidence
Highest evidence
FCF DCF 560,000 KRW 1,006,917 KRW 2,255,938 KRW 74
EPV 599,692 KRW 705,312 KRW 799,196 KRW 74
Growth DCF 540,007 KRW 1,138,592 KRW 2,296,874 KRW 73
All 24 models by family
DCF Models
FCF DCF 560,000 KRW 1,006,917 KRW 2,255,938 KRW 74
Owner Earnings 638,351 KRW 1,428,595 KRW 3,101,836 KRW 70
5Y Revenue Exit 516,957 KRW 995,457 KRW 1,790,059 KRW 69
5Y EBITDA Exit 974,251 KRW 2,010,422 KRW 3,630,168 KRW 71
5Y P/E Exit 1,049,596 KRW 2,262,191 KRW 3,805,242 KRW 68
10Y Revenue Exit 509,151 KRW 1,037,678 KRW 1,802,788 KRW 64
10Y EBITDA Exit 854,303 KRW 1,883,858 KRW 3,746,794 KRW 64
10Y P/E Exit 907,913 KRW 2,023,277 KRW 3,914,668 KRW 60
Earnings-Based
Graham-Dodd 411,142 KRW 2,679,248 KRW 3,748,805 KRW 63
Lynch FV 779,175 KRW 1,113,106 KRW 1,447,038 KRW 61
PEG = 1.0 779,175 KRW 1,113,106 KRW 1,447,038 KRW 57
EPV 599,692 KRW 705,312 KRW 799,196 KRW 74
Multiples
P/E Multiple 1,269,703 KRW 1,692,938 KRW 2,116,172 KRW 63
P/S Multiple 564,524 KRW 752,699 KRW 940,873 KRW 58
P/B Multiple 763,991 KRW 1,018,655 KRW 1,273,318 KRW 55
EV/EBIT 1,198,205 KRW 1,597,213 KRW 1,996,221 KRW 66
EV/EBITDA 1,163,871 KRW 1,551,435 KRW 1,938,999 KRW 67
EV/Revenue 480,170 KRW 685,451 KRW 890,733 KRW 53
Asset-Based
NCAV (Graham) 84,888 KRW 113,750 KRW 169,776 KRW 54
Growth DCF
Growth DCF 540,007 KRW 1,138,592 KRW 2,296,874 KRW 73
Rev-Margin DCF 516,957 KRW 1,005,850 KRW 1,716,714 KRW 70
Economic Profit
Residual Income 478,486 KRW 689,491 KRW 7,504,714 KRW 64
ROIC Compounder 719,743 KRW 1,012,199 KRW 1,411,222 KRW 71
Growth Earnings
Growth-Adj P/E 1,256,314 KRW 1,794,734 KRW 2,333,154 KRW 67

Widest divergence: Growth Earnings (1,794,734 KRW) versus Asset-Based (113,750 KRW). Highest evidence: FCF DCF (74).

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Key figures & financial health

P/S ratio 11.2 TTM
Dividend yield 0.2%
Net margin 44.2% FY2025
Return on equity 61.2% TTM
Return on assets (EBIT) 11.6% avg 5y
Operating margin 71.5% TTM
More key figures
Growth
Revenue (TTM) 132T KRW TTM
Revenue growth (YoY) +198% 3y avg +29.6%
EPS growth (YoY) +397%
Balance sheet & cash flow
Free cash flow 24.8T KRW FY2025
Net debt 7.3T KRW FY2025 · ≈ 0.3 yrs of FCF

Figures from reported company fundamentals · as of Sep 5, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 68/100

Of which business quality 68 · Market factors (momentum, volatility) 51

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 72
Price trend over the last 3–12 months (market factor)
52W Momentum 76
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

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. revenue growth/yr (3Y) 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.
+29.6%
Avg. revenue growth/yr (5Y) 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.
+24.9%
Avg. revenue growth/yr (25Y) 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.
+9.2%
Value creation/yr (5Y, in KRW) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year. 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.
+55.2% (55.0 + 0.2)
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 11% 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 · 325 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 68 · Top 25%
Fair Value upside −10% · Top 25%
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

Strength profile in five axes (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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE20 · sector 0
FUTURE100 · sector 65
PAST100 · sector 25
HEALTH94 · sector 96
DIVIDEND4 · sector 18

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

Similar stocks

10 more Semiconductors stocks, each showing price versus our Fair Value estimate (as of Sep 5, 2026).

Stock Price Fair Value vs Fair Value
NVIDIA Corporation NVDA $227.98 $98.98 −57%
Taiwan Semiconductor Manufacturing Company TSM $427.30 $296.10 −31%
Broadcom Inc AVGO $371.54 $118.27 −68%
Micron Technology, Inc MU $932.86 $148.38 −84%
Advanced Micro Devices, Inc AMD $476.67 $55.02 −88%
Intel Corporation INTC $92.09 $35.41 −62%
Texas Instruments Incorporated TXN $266.54 $78.54 −71%
QUALCOMM Incorporated QCOM $164.78 $147.20 −11%
MediaTek Inc 2454 3,845 TWD 1,559 TWD −59%
Analog Devices, Inc ADI $354.52 $130.34 −63%

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Frequently asked questions

Is SK Hynix Inc (000660) overvalued or undervalued?
As of Sep 5, 2026, our model estimates a fair value of 1,481,291 KRW versus a price of 1,647,000 KRW, about −10% upside (overvalued).
What is the fair value of 000660?
Our model-based fair value for SK Hynix Inc is 1,481,291 KRW (as of Sep 5, 2026), built from audited fundamentals. The current price: 1,647,000 KRW.
What is the quality score of 000660?
SK Hynix Inc has a Quality Score of 68/100. 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 revenue of SK Hynix Inc (000660)?
SK Hynix Inc reported trailing-twelve-month revenue of about 132T KRW (latest available figure, as of Sep 5, 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 0.18% relative to its recent price (as of Sep 5, 2026).
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