Added to YB: 2026-04-30
Pitch date: 2026-04-29
000660.KS [neutral]
SK hynix Inc.
Author Info
Investing w/ Martin is a former poker pro. Now I split my time between programming and investing. Switched from indexing to active mid-2022. Beat SPY every year since. Returned 30% in 2023, 71% in 2024, and ~35% YTD. I run an 85% net long/short book atm. Sign up for the newsletter.
Company Info
SK hynix Inc. research, develops manufactures, and sells semiconductor devices in Korea, China, rest of Asia, the United States, and Europe.
Market Cap
KRW 906.6T
Pitch Price
N/A
Price Target
N/A
Dividend
0.23%
EV/EBITDA
9.52
P/E
12.12
EV/Sales
6.60
Sector
Semiconductors and Semiconductor Equipment
Category
growth
Are you a memory_man? - SK hynix Inc.
000660.KS (overview): SK Hynix targets $272B FY27 op profit (vs $624B mkt cap), but may only spend ~$40B capex vs $170-272B earnings. Mgmt committed to 100T KRW net cash + buybacks/dividends by 2027, implying 100-200x increase in shareholder returns. HBM becoming differentiated (not commodity) via stacking/TSVs/thermal control, exceeding JEDEC standards at 10Gbps vs 8Gbps spec. US ADR listing catalyst H2 2025. Trades 5-6x P/B vs historical 1x, discount to MU. Risks: cyclicality, new entrants (Nanya LPDDR), demand slowdown, optimization reducing HBM usage.
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