SK Hynix 000660.KRX / $SKHY is currently at a ~$732 billion market cap, trading at 4.0x forward P/E. The company is expected to generate around $676 billion in net income between 2026 and 2028. That means SK Hynix could generate almost its entire current market cap in net income over the next three years. The market is definitely not pricing that in. Sometimes the opportunity is obvious, but the noise makes it hard to invest.
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