SK Hynix Inc (000660) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of SK Hynix Inc KRW 2,048,200, price KRW 1,862,000, upside +10.0%, quality 68 out of 100. 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, dashed = 300-day average. As of Sep 25, 2026.
How to read this chart
60‑month range 72,929 KRW – 2,918,367 KRW · fair‑value band 954,007 KRW – 3,202,945 KRW · the 1,862,000 KRW price screens below the 2,048,200 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 25, 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. The company provides its products for server, networking, mobile, personal computer, consumer, and automotive applications.
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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. 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 1,862,000 KRW, while our model-based Fair Value estimate is 2,048,200 KRW, implying the stock looks roughly 9.1% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 1,794,734 KRW per share, and 5 of the 24 models we run sit above the 1,862,000 KRW price.
Bear case: the Economic Profit group reads lowest at 689,491 KRW, and 19 of the 24 models stay below the price. Evidence for this calculation is medium.
Scenario range: 954,007 KRW (bear) to 3,202,945 KRW (bull), the price of 1,862,000 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 68/100 (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 1,286T KRW (≈ $945B) · P/S ratio 6.99 · Dividend yield 0.1% · Net margin 44.2% · Return on equity 92.7% · Return on assets (EBIT) 11.6% · Operating margin 76.3% · Revenue (TTM) 189T KRW.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 58 out of 100 (low confidence).
What moves the price
The share trades about 36% below its 52-week high and 455% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −61% fair-value upside, at 10%, 000660 screens cheaper than that median.
Fair Value models
Bear 954,007 KRWFair Value 2,048,200 KRWBull 3,202,945 KRW
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single 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 ⓘEvidence = 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.
Growth Forecast
A lot of optimism in the price
The price assumes more growth than 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).
+32.8%
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 +30.1% a year for the price.
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 · 338 stocks
Beats the industry median on 9/11 measures
Overall it ranks above its industry peers.
Valuation
Quality Score68 · Top 25%
Fair Value upside+10% · Top 25%
Profitability
Return on equity (TTM)93% · Top 25%
Return on assets34% · Top 25%
Net margin (TTM)86% · Top 25%
Operating margin (TTM)76% · Top 25%
Growth and dividend
Revenue growth257% · Top 25%
Dividend yield (TTM)0.1% · Bottom 25%
Balance sheet
Debt / equity0.12× · Above median
Valuation Multiplesvs Semiconductors median · lower = cheaper
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Is SK Hynix Inc (000660) overvalued or undervalued?
As of Sep 25, 2026, our model estimates a fair value of 2,048,200 KRW versus a price of 1,862,000 KRW, about +10% upside (undervalued).
What is the fair value of 000660?
Our model-based fair value for SK Hynix Inc is 2,048,200 KRW (as of Sep 25, 2026), built from audited fundamentals. The current price: 1,862,000 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 price target for SK Hynix Inc (000660)?
Our model-based price target is the fair value of 2,048,200 KRW (as of Sep 25, 2026) from 24 valuation models. Cautious scenario 954,007 KRW, optimistic scenario 3,202,945 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 2,048,200 KRW, about +10% upside versus a price of 1,862,000 KRW (undervalued). Cautious scenario 954,007 KRW, optimistic scenario 3,202,945 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 189T KRW (latest available figure, as of Sep 25, 2026).
Does SK Hynix Inc pay a dividend?
SK Hynix Inc currently shows a dividend yield of about 0.08% relative to its recent price (as of Sep 25, 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 +32.8 % 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 Sep 25, 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 2.39, 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 +32.8 % 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 +32.8 % 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 +8.1 % a year. That is the yardstick for the growth priced into SK Hynix Inc (+32.8 % 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 1.93 %: 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 2,048,200 KRW per share (as of Sep 25, 2026), against a price of 1,862,000 KRW. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is SK Hynix Inc stock overvalued or undervalued in 2026?
As of Sep 25, 2026, 000660 trades below its calculated fair value: price 1,862,000 KRW, fair value 2,048,200 KRW, a gap of about +10% (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 (1,862,000 KRW); the fair value is what the company's own numbers justify (2,048,200 KRW). For SK Hynix Inc the two are 186,200 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 1,286T KRW (market capitalisation, as of Sep 25, 2026). Per share that is 1,862,000 KRW; our models calculate a fair value of 2,048,200 KRW per share.
What do the bullish and bearish scenarios say about 000660?
Our models span a range for SK Hynix Inc: cautious scenario 954,007 KRW, base 2,048,200 KRW, optimistic 3,202,945 KRW per share (as of Sep 25, 2026, price 1,862,000 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the PEG ratio of 000660?
The PEG ratio of SK Hynix Inc is 0.20 (P/E divided by earnings growth, as of Sep 25, 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 Sep 25, 2026): return on equity 92.7%, debt of 0.12 per unit of equity. They feed the Quality Score of 68/100, which measures business quality independently of the share price.
How far is 000660 from its 52-week high?
SK Hynix Inc trades at 1,862,000 KRW, about 36% below its 52-week high of 2,918,367 KRW and 455% above the low of 335,511 KRW (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 2,048,200 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 Sep 25, 2026: price 1,862,000 KRW, calculated fair value 2,048,200 KRW (+10%), Quality Score 68/100, from 24 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 24 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 2,048,200 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 14.0 % above its aggregate fair value. SK Hynix Inc currently trades 10 % 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 Sep 23, 2026 was 1,862,000 KRW. Our model-based fair value is 2,048,200 KRW, about +10% 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 (954,007 KRW to 3,202,945 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. Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.
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 1,286T KRW (≈ $945B). 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 6.99 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the dividend yield of SK Hynix Inc (000660)?
The dividend yield of SK Hynix Inc is 0.1%. 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 44.2% (fiscal year 2025). 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 92.7% (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 76.3% (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 +257% 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 +12.7% 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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