SK hynix

SKHY

Semiconductors · Technology

Exchange

NASDAQ

Winston Score

Winston is happy

A high-quality business with solid fundamentals.

Data as of Aug 23, 2026 · filings through Jun 30, 2026

How the score breaks down

Quality

Strong

Growth

Exceptional

Cash Flow

Good

Stability

Exceptional

Valuation

Exceptional

Dividends

Weak

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Winston Score History

The full picture

SK hynix is a South Korean company that makes memory chips used inside computers, smartphones, and data center servers. Its two main products are DRAM (the fast memory that helps devices run multiple tasks at once) and NAND flash (the storage chips that hold data even when the power is off). It is one of the three largest memory chip makers in the world, alongside Samsung and Micron.

SK hynix earns money by selling these chips to large technology companies like Apple, Nvidia, and major cloud providers. It operates mainly from South Korea, with some manufacturing in China, and generates tens of billions of dollars in annual revenue. The company has a strong position in high-bandwidth memory (HBM), a specialized chip used in AI processors, which is currently its biggest growth driver. However, memory chip markets are cyclical, meaning prices can fall sharply during downturns, which creates significant earnings risk.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+264.2% YoY

YoY Growth Rate

Revenue accelerating

EPS Growth

>+1,000% YoY

YoY Growth Rate

EPS growth accelerating

Insider Activity

20.2%ownership

Insiders own a meaningful stake in the company

Cash Position

Cash flow positive

$76.4T cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Company generates more cash than it spends — no dilution risk from fundraising

Revenue accelerating

SK hynix grew revenue 264% year-over-year and the growth rate is speeding up. That's the kind of momentum growth investors look for — the question is whether margins can follow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Profit per sale

Gross Margin

0.0%

Thin — 0.0% gross margin

Profit after running costs

Operating Margin

76.3%

Excellent — 76.3% operating margin

Return on the money invested

ROCE

70.8%

Exceptional — 70.8% return on capital

ROIC above 25%. Every dollar invested in the business earns more than 25 cents back per year.

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Growth

Sales growth

Sales YoY

+147.1%

Fast-growing sales (+147.1% YoY)

Profit growth

EPS YoY

+453.2%

Earnings growing fast (+453.2% YoY)

Earnings growing 25%+ a year. The compounder zone.

How steady the profit is

EPS Consistency

8/8 quarters

Every recent quarter grew earnings vs last year

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Cash Flow

Profit that turns into cash

Cash Conversion

43%

Weak — only 43% of profit becomes cash

Spare cash per sale

FCF Margin

21.3%

Converts sales into free cash efficiently (21.3%)

Free cash flow margin above 20%. Out of every $100 in sales, more than $20 is real cash they keep.

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Stability

What it owes vs what it owns

Debt / Equity

0.12

Conservative — low debt load (0.12)

Covers its interest

Interest Cover

212.12x

Comfortably covers interest (212.1x)

Interest coverage above 8. Profits cover interest many times over.

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Valuation

Price vs profit

P/E Ratio (TTM)

7.4x

no trend

Attractive valuation — P/E 7.4

P/E under 10. The price tag is small relative to last year's profit.

Cheaper or dearer next year

P/E vs Forward

+4.4

GROWING

Earnings expected to grow meaningfully — cheaper on forward P/E (7.4 → 3.0)

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Dividends

Dividend

Dividend Yield

0.20%

no trend

Small dividend — 0.20% yield

Modest yield. The bulk of any return needs to come from price appreciation.

Dividend record

Dividend Growth

N/A

no trend

Data not available

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