What's priced into SK hynix Inc.?
What do you have to believe to make money in SK hynix Inc. at $187? The stock trades at 7.8x trailing earnings and its own trailing growth runs about 40% a year. The question is where do we go from here?
Growth down the side, exit multiple across the top, your five-year annualized return in each cell.
5-year annualized return · growth vs exit multiple
| EPS growth ↓ · Exit multiple → | 3.9x −50% | 5.9x −25% | 7.8x today | 9.8x +25% | 86.2x 5y median |
|---|---|---|---|---|---|
| −20% (decline) | −30% | −24% | −20% | −16% | +29% |
| 0% (no growth) | −13% | −6% | +0% | +5% | +62% |
| 20% (half) | +4% | +13% | +20% | +25% | +94% |
| 40% (trailing, capped) | +22% | +32% | +40% | +46% | +126% |
| 50% (beat) | +31% | +42% | +50% | +57% | +142% |
| 60% (big beat) | +39% | +51% | +60% | +67% | +159% |
“The bet you're really making is that the world keeps building AI data centers, and keeps buying SK Hynix's memory chips to feed the processors that run those models. You're betting SK Hynix stays the top supplier of HBM, the stacked memory bonded right next to Nvidia's chips, and that memory prices stay high instead of collapsing the way they always have.”
From our SKHY write-up.
Read the SKHY write-up →Method. Trailing diluted EPS of $23.86 (price $186.94 ÷ 7.8x trailing P/E; data from Financial Modeling Prep, September 8, 2026). Exit multiples are anchored to the stock itself: 50% and 25% below today's multiple, today's, 25% above, and its own five-fiscal-year median of 86.2x. Growth rows are anchored to the company’s own trailing growth: a decline at half the center rate, zero, half, the center, 25% above, and 50% above. Cell shading scales with the return, green positive, red negative. Each cell: EPS compounds at the row's rate for five years, the stock is valued at the column's multiple in year five, and the result is the annualized return against today's price. Dividends and buybacks excluded. An illustrative surface, not a forecast and not a call.