Intrinsic value reportPrepared · 09/22/2026

SK하이닉스

000660 · KOSPI2026 Q2 Earnings basis

Market cap: ₩1344.8T
Net assets: ₩262.7T
PER: 8.30x
PBR: 5.12x

Intrinsic market capitalization₩0

Intrinsic value per share4,881,720 KRW

Current price1,842,000 KRW

Difference from market price+165.0%The current price is below intrinsic value

Buy consideration price (30% margin of safety)3,417,204 KRWThe current price is below the buy consideration price

Scenario range

Current price 1,842,000

Conservative2,475,986 KRWFair4,881,720 KRWOptimistic8,627,281 KRW

Analysis modelModified two-stage DCF

Engine versionvaluation-engine-v0.24.0

This valuation uses the selected model, public financial data, and the available inputs at the time of analysis. Review the model, scenarios, and quarterly figures together.

QuarterReported	Revenue	Operating income	Net income	OCF	FCF
2026 Q2Final2026.08.14	₩79.3T	₩60.5T	₩93.9T	₩65.4T	₩54.3T
2026 Q12026.05.15	₩52.6T	₩37.6T	₩40.3T	₩26.3T	₩18.5T
2025 Q42026.03.17	₩32.8T	₩19.2T	₩15.2T	₩20.9T	₩8.62T
2025 Q32025.11.14	₩24.4T	₩11.4T	₩12.6T	₩14.3T	₩9.06T

Expected share price based on this year’s cash flowAdjust the value below to update the reference for the next earnings release.

Selected expected price4,881,720KRW

₩72.7TSelected 44%₩317.3T

Target cash flow₩181.3T

Cash flow confirmed to date₩72.7T

Amount to confirm in Q3₩54.3TAmount to confirm across the remaining 2 quarter(s).

This report is reference information based on public financial data and inputs. It is not a stock recommendation or investment advice.