Financials SK hynix Inc.

Equities

A000660

KR7000660001

Semiconductors

End-of-day quote Korea S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
177,800 KRW +4.22% Intraday chart for SK hynix Inc. +2.60% +25.65%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 64,364,569 81,054,213 90,078,308 51,573,828 97,368,441 122,351,052 - -
Enterprise Value (EV) 2 70,894 88,654 100,555 70,491 97,368 136,754 126,255 116,339
P/E ratio 32 x 17.1 x 9.37 x 23.1 x -10.7 x 8.69 x 6.5 x 6.9 x
Yield 1.06% 0.99% 1.18% 1.6% 0.85% 0.83% 0.97% 1.11%
Capitalization / Revenue 2.38 x 2.54 x 2.09 x 1.16 x 2.97 x 1.87 x 1.54 x 1.45 x
EV / Revenue 2.63 x 2.78 x 2.34 x 1.58 x 2.97 x 2.09 x 1.59 x 1.38 x
EV / EBITDA 6.19 x 6.12 x 4.42 x 3.36 x 16.5 x 4 x 3.04 x 2.88 x
EV / FCF -9.57 x 39.5 x 14.4 x -16.7 x - 10.3 x 7.61 x 6.92 x
FCF Yield -10.5% 2.53% 6.95% -6% - 9.69% 13.1% 14.4%
Price to Book 1.34 x 1.56 x 1.53 x 0.81 x - 1.89 x 1.54 x 1.26 x
Nbr of stocks (in thousands) 684,002 684,002 687,621 687,651 688,116 688,139 - -
Reference price 3 94,100 118,500 131,000 75,000 141,500 177,800 177,800 177,800
Announcement Date 1/30/20 1/29/21 1/27/22 1/31/23 1/24/24 - - -
1KRW in Million2KRW in Billions3KRW
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 26,991 31,900 42,998 44,648 32,766 65,407 79,257 84,520
EBITDA 1 11,446 14,488 22,745 20,962 5,889 34,159 41,570 40,333
EBIT 1 2,713 5,010 12,410 7,007 -7,730 20,815 26,856 25,094
Operating Margin 10.05% 15.71% 28.86% 15.69% -23.59% 31.82% 33.88% 29.69%
Earnings before Tax (EBT) 1 2,443 6,237 13,416 4,200 -11,658 18,400 25,388 22,428
Net income 1 2,013 4,755 9,602 2,427 -9,112 14,507 19,377 18,330
Net margin 7.46% 14.91% 22.33% 5.44% -27.81% 22.18% 24.45% 21.69%
EPS 2 2,943 6,950 13,984 3,242 -13,244 20,464 27,344 25,773
Free Cash Flow 3 -7,410,303 2,245,909 6,986,917 -4,229,744 - 13,257,324 16,600,653 16,808,944
FCF margin -27,454.99% 7,040.47% 16,249.48% -9,473.54% - 20,268.93% 20,945.33% 19,887.51%
FCF Conversion (EBITDA) - 15,501.53% 30,718.82% - - 38,810.99% 39,934.2% 41,675.79%
FCF Conversion (Net income) - 47,231.56% 72,762.84% - - 91,384.04% 85,673.77% 91,703.9%
Dividend per Share 2 1,000 1,170 1,540 1,200 1,200 1,481 1,732 1,971
Announcement Date 1/30/20 1/29/21 1/27/22 1/31/23 1/24/24 - - -
1KRW in Billions2KRW3KRW in Million
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 S1 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 11,805 12,377 12,156 13,811 10,983 7,699 5,088 7,306 12,394 9,066 11,306 12,430 15,421 17,781 19,569 18,923
EBITDA 1 6,882 6,691 6,264 7,682 5,220 1,793 154 612 - 1,541 3,582 5,061 8,186 9,884 11,033 12,125
EBIT 1 4,172 4,220 2,860 4,193 1,656 -1,701 -3,402 -2,882 - -1,792 346 2,886 4,620 6,116 7,190 6,961
Operating Margin 35.34% 34.09% 23.52% 30.36% 15.07% -22.09% -66.87% -39.45% - -19.77% 3.06% 23.22% 29.96% 34.4% 36.74% 36.79%
Earnings before Tax (EBT) 1 4,599 4,666 2,774 3,967 1,683 -4,224 -3,525 -3,788 - -2,470 -1,875 2,373 4,364 6,330 6,748 7,610
Net income 1 3,311 3,317 1,979 2,872 1,107 -3,530 -2,580 -2,991 - -2,184 -1,357 1,919 3,374 4,891 5,407 5,994
Net margin 28.05% 26.8% 16.28% 20.79% 10.08% -45.85% -50.71% -40.94% - -24.09% -12% 15.44% 21.88% 27.51% 27.63% 31.67%
EPS 2 4,813 4,825 2,877 4,175 1,609 -5,419 -3,751 -4,347 -8,098 -3,174 -1,972 1,719 5,293 7,475 8,507 8,415
Dividend per Share 2 - 1,540 300.0 300.0 300.0 300.0 300.0 - - - 300.0 300.0 300.0 300.0 979.8 300.0
Announcement Date 10/25/21 1/27/22 4/26/22 7/26/22 10/25/22 1/31/23 4/25/23 7/25/23 7/25/23 10/25/23 1/24/24 4/24/24 - - - -
1KRW in Billions2KRW
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 6,529 7,600 10,477 18,917 - 14,403 3,904 -
Net Cash position 1 - - - - - - - 6,012
Leverage (Debt/EBITDA) 0.5704 x 0.5245 x 0.4606 x 0.9025 x - 0.4217 x 0.0939 x -
Free Cash Flow 2 -7,410,303 2,245,909 6,986,917 -4,229,744 - 13,257,324 16,600,653 16,808,944
ROE (net income / shareholders' equity) 4.25% 9.53% 16.8% 3.88% -15.6% 24.4% 25.2% 19.6%
ROA (Net income/ Total Assets) 3.14% 6.98% 11.5% 2.23% -8.92% 14.2% 15% 12.9%
Assets 1 64,137 68,157 83,780 108,965 102,101 101,979 128,818 141,705
Book Value Per Share 3 70,092 75,860 85,380 92,356 - 93,969 115,742 140,587
Cash Flow per Share 3 9,517 17,999 28,360 21,492 - 41,844 39,900 41,128
Capex 1 13,920 10,069 12,487 19,010 - 14,388 16,474 17,192
Capex / Sales 51.57% 31.56% 29.04% 42.58% - 22% 20.79% 20.34%
Announcement Date 1/30/20 1/29/21 1/27/22 1/31/23 1/24/24 - - -
1KRW in Billions2KRW in Million3KRW
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B+
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
37
Last Close Price
177,800 KRW
Average target price
224,444 KRW
Spread / Average Target
+26.23%
Consensus
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