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SKHY

SK hynix Inc. (Nasdaq ADR)
Semiconductors / Memory
52
RISK / 100
MODERATE
HIGH RISKMODERATELOW RISK
Last close
$163.41
Day chg
-1.8%
Market cap
~$120B
P/E
~5x
Rev growth
+35%
Div yield
0.8%

12-month price

Indicative · 52-wk rangeEx-div: ~Dec 2026 (est, semi-annual)
$190$130

Risk factor breakdown

Valuation
Multiples & price

Cheap on the cycle

~5x forward earningsRe-rated post-ADR listingThin ADR liquidity
Rating

Hold / Buy · B/S 52/100

PT upside +5%World #1 in HBMMemory-cycle timing
vs Sector medianThisMedian
Fwd P/E5x18x
Op. margin76%~25%
Div yield0.8%1.5%
Financial Health
Balance sheet

Cash-generative

Strong free cash flowNet cash improvingCyclical capex heavy
Profitability

Record margins

~76% operating marginHBM demand robustCommodity DRAM/NAND swings
Growth
Top-line

AI-memory boom

Revenue +35% YoYHBM sold out / allocatedCustomer concentration (AI)
Outlook

Leadership, priced-in re-rate

#1 HBM supplier to AICapacity expansionADR re-rated toward fair value

Score breakdown

Valuation risk · 35%50
Financial Health risk · 35%48
Growth risk · 30%58
Weighted risk = Valuation 35% · Financial Health 35% · Growth 30% → 52/100
PAGE 2

Quarterly trend

QuarterRevenue (idx)Op. margin (%)QoQ
Q3 2511055
Q4 2512564
Q1 2614070
Q2 2616076
Green rows = improving QoQ · red rows = declining. Figures indicative, drawn from reported results & guidance.

Latest earnings / delivery

Record profitability

SK hynix is posting record results on HBM demand, with operating margin around 76% and revenue up ~35% YoY as it leads the high-bandwidth-memory market for AI accelerators.

Nasdaq ADR

The ADR listed in July 2026 and re-rated to the ~$160s, compressing near-term upside; note thin ADR trading volume and data-provider lag on the quote.

Catalysts vs Risks

▲ Catalysts

  • Continued AI / HBM demandHIGH IMPACT
  • Memory pricing up-cycleHIGH IMPACT
  • Capacity / next-gen HBM rampMEDIUM

▼ Risks

  • Memory-cycle downturnHIGH IMPACT
  • Thin ADR liquidity / quote lagMEDIUM
  • Customer concentration in AIMEDIUM

Bottom line

Hold / Buy · Buy/Sell 52/100 · PT +5%
SELL / AVOIDHOLDATTRACTIVE BUY
The world's #1 HBM supplier at roughly 5x forward earnings with a record ~76% operating margin — cheap for the fundamentals, but the ADR has already re-rated to the $160s, compressing upside to a Hold/Buy. Own it for AI-memory leadership while sizing for a cyclical memory market and thin, lagging ADR liquidity.
Generated August 24, 2026. Prices reflect the last completed session (August 21, 2026), sourced via AlphaVantage & web research; some quotes carry data-provider lag — verify live prices before acting. 12-month charts are indicative. Risk score = Valuation 35% · Financial Health 35% · Growth 30% (0 = low risk, 100 = high risk). Buy/Sell weighs current price level against fundamentals (0 = avoid, 100 = attractive). For informational purposes only — not investment advice.