$SKHY Is Priced Like the Boom Is Already Over

AfraSimon
09-13 08:49

$SK hynix(SKHY)$ s around $190, and the forward numbers are getting hard to ignore.

Analysts see 2028 at roughly:

💰 $439B revenue
📈 $264B net income
💵 $226B FCF

Yet the stock is trading at roughly 4x forward earnings.

That valuation says the AI memory boom is about to fade.

The contracts tell a different story.

Many of the major deals run for 5 years, putting meaningful demand visibility into 2029 at the earliest, with some investors looking toward 2030.

That’s the interesting part.

The market is still valuing $SKHY like a traditional commodity memory business, while the company is increasingly operating with long-term visibility, AI-driven demand and much stronger earnings power.

At $190, the question isn’t whether the boom lasts forever.

It’s whether the market is underestimating how long this cycle can actually run. 👀


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