$SK hynix(SKHY)$ 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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