000660 KR · SK hynix Common StockMW GOBLIN RESEARCH

SK hynix: Sustainable High Profitability and Cash Are Key

Analysis date

Published

Key Summaries

As of 2026-10-22, improvement in the core business is positive. However, the quoted price of KRW 1,287,000 is 3.11 times book value adjusted simply for the capital increase. An undervaluation case requires confirmation that profitability excluding valuation gains and cash flow after investment are sustainable.

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What this report covers

  • Prices and AI Products Jointly Lifted Profit
  • Distinguishing Valuation Gains from Recurring Cash Generation
  • The Completed Capital Increase and Planned Share Cancellation Are Separate