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    Is SK hynix (KOSE:A000660) Undervalued As Its Share Buyback Plan Expires?

    Simply Wall St·10/25/2026 09:37:08
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    SK hynix (KOSE:A000660) let its existing share buyback plan expire on 21 October 2026, prompting investors to reassess what the end of that capital return program might mean for the stock.

    SK hynix’s share price has pulled back sharply over the past month, with a 30-day share price return of a 31.42% decline, even though the year-to-date share price return of 88.63% and a very large 5-year total shareholder return of more than 12x still point to strong longer term momentum.

    Scan how other semiconductor and AI infrastructure players are reacting to similar buyback shifts by reviewing the hand picked 55 AI infrastructure stocks for context on SK hynix's latest move.

    SK hynix now combines a sharp recent pullback with a long run-up and a lapsed buyback plan. Does that mix still skew the risk and reward toward new buyers at today’s ₩1,277,000 share price, or not?

    Most Popular Narrative: 59% Undervalued

    At a last close of ₩1,277,000 against a narrative fair value of ₩3,141,024.76, SK hynix screens as heavily discounted, which puts the latest share pullback and the expired buyback into a very different light for anyone focused on long term AI memory demand.

    Robust investment and capacity expansion, including CapEx in the high KRW 40 trillion range for 2026 focused on M15X, Yongin Fab 1, new packaging lines and M17 NAND, is intended to increase output of AI focused memory and can support higher long term revenue and operating profit if demand continues to absorb that capacity.

    Close partnerships with large AI and GPU customers, including multiyear HBM co development and supply work with NVIDIA and around 10 long term agreements that carry deposits and volume commitments, are building multi year order visibility that can smooth earnings and cash flow compared with past memory cycles.

    See why 89 investors see SK hynix as 59% undervalued.

    Result: Fair Value of ₩3,141,024.76 (UNDERVALUED)

    Still, heavy 2026 CapEx in the high ₩40 trillion range, along with any disruption to SK hynix’s China centric supply chain, could quickly challenge that undervalued narrative.

    Find out about the key risks to this SK hynix narrative.

    Next Steps

    If this mix of optimism and concern around SK hynix feels finely balanced, consider acting promptly and test the narrative against the underlying data yourself using 4 key rewards and 2 important warning signs.

    Looking for more investment ideas beyond SK hynix?

    Do not stop with one opportunity. Broaden your watchlist and pressure test your thesis on SK hynix by lining it up against other high quality candidates.