SK hynix, Inc.

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Company Background

SK Hynix is one of world's largest manufacturers of semiconductors.

The company began as Hyundai Electronics Industries, established in 1983 by South Korea's Hyundai group. In 1999, the company acquired LG Semiconductor from South Korea's LG group. It changed its name to Hynix Semiconductor in 2001. The company came under the supervision of financial institutions in 2001 amid balance sheet troubles and restructured. In 2011, the company came under the umbrella of leading South Korean mobile carrier SK Telecom, a unit under SK Holdings. It changed its name to SK Hynix in 2012.

SK Holdings also operates businesses in energy and other sectors. The group's Chairman Chey Tae-won also serves part-time as Chairman of SK Hynix. SK Hynix's earnings have rapidly grown thanks to its aggressive capital investment, after becoming a member of the country's major conglomerate.

Japanese electronics maker Toshiba filed a damages suit against its business partner SK Hynix over the leak of NAND flash memory data, which has been settled. The two companies continued to work together on a next-generation memory chip even during the lawsuit.

SK Hynix operates plants in South Korea's Icheon, Gyeonggi Province; Cheongju, Chungcheongbuk Province; and China's Wuxi, Jiangsu Province.

Business Summary

SK hynix, Inc. engages in the manufacture and sale of semiconductor products. Its products include dynamic random access memory, flash memory, complementary metal oxide semiconductor image sensor, and others. The company was founded on October 15, 1949 and is headquartered in Icheon, South Korea.

Financial Highlights

Dec 2019	KRW	USD
Revenue	26,990.73B	23,144.48M
Gross Profit	7,271.66B	6,235.43M
Operating income	2,744.39B	2,353.31M
Income before tax	2,420.09B	2,075.22M
Net income	2,013.28B	1,726.38M
EBITDA	11,237.69B	9,636.29M
Diluted EPS	2,943.01	2.52
Dividends Per Share	1,000	0.85
Total Assets	64,789.49B	56,024.46M
Total liabilities	16,846.29B	14,567.25M
Total equity	47,928.41B	41,444.43M
Operating cash flow	6,483.18B	5,559.31M
	Currency in KRW	Currency in USD

Historical Data

KRW | USD

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019
Revenue	18,797.99B	17,197.97B	30,109.43B	40,445.06B	26,990.73B
Gross Profit	7,708.39B	5,780.57B	16,641.10B	24,323.18B	7,271.66B
Operating income	5,335.77B	3,280.72B	13,746.93B	20,867.63B	2,744.39B
Income before tax	5,244.47B	3,193.70B	13,439.56B	21,341.03B	2,420.09B
Net income	4,322.35B	2,953.77B	10,641.51B	15,540.11B	2,013.28B
EBITDA	9,289.00B	7,737.18B	18,773.16B	27,295.96B	11,237.69B
Diluted EPS	6,002	4,184	15,072.14	22,252.15	2,943.01
Dividends Per Share	500	600	1,000	1,500	1,000
Total Assets	29,677.90B	32,216.02B	45,418.46B	63,658.33B	64,789.49B
Total liabilities	8,290.20B	8,192.49B	11,597.54B	16,806.00B	16,846.29B
Total equity	21,386.86B	24,016.95B	33,815.28B	46,845.71B	47,928.41B
Operating cash flow	9,319.52B	5,548.92B	14,690.61B	22,227.19B	6,483.18B

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019
Revenue	16,608.88M	14,823.41M	26,633.49M	36,750.93M	23,144.48M
Gross Profit	6,810.71M	4,982.43M	14,719.99M	22,101.57M	6,235.43M
Operating income	4,714.39M	2,827.74M	12,159.93M	18,961.64M	2,353.31M
Income before tax	4,633.73M	2,752.74M	11,888.05M	19,391.80M	2,075.22M
Net income	3,818.99M	2,545.94M	9,413.01M	14,120.72M	1,726.38M
EBITDA	8,207.26M	6,668.89M	16,605.92M	24,802.83M	9,636.29M
Diluted EPS	5.30	3.60	13.33	20.21	2.52
Dividends Per Share	0.44	0.51	0.88	1.36	0.85
Total Assets	25,310.56M	26,673.30M	42,425.35M	57,051.74M	56,024.46M
Total liabilities	7,070.23M	6,782.99M	10,833.25M	15,061.84M	14,567.25M
Total equity	18,239.61M	19,884.87M	31,586.82M	41,983.97M	41,444.43M
Operating cash flow	8,234.22M	4,782.77M	12,994.67M	20,197.03M	5,559.31M

Valuation Measures

Dec 2019
PER	31.96
ROA	3.13%
ROE	4.24%
Operating margin	10.16%
Profit margin	7.45%

Key executives

Chairman-Executive Board: Tae-Won Chey
President, Chief Executive Officer & Director: Seok-Hee Lee
Managing Director & Head-Finance: Kwon Hong
Managing Director & Head-Technology: Tae-Hoon Kim
Senior MD & Head-Production and Technology: Sang-Seon Lee

Shareholders

SK Telecom Co., Ltd. (20.0%)
National Pension Service of Korea (11.0%)
SK hynix, Inc. (6.0%)
Capital Research & Management Co. (World Investors) (2.1%)
The Vanguard Group, Inc. (2.0%)
BlackRock Fund Advisors (1.8%)
Samsung Asset Management Co., Ltd. (1.5%)
Norges Bank Investment Management (1.1%)
Lazard Asset Management LLC (1.0%)
Vontobel Asset Management, Inc. (0.7%)

Contact Details

Website:http://www.skhynix.com
Address: 2091 Gyeongchung-daero, Bubal-eup, Icheon, 17336, South Korea
Phone: +82.31.630.4114

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Competitors

Jeju Semiconductor Corp.
Micron Technology, Inc.
Elite Semiconductor Memory Technology Inc.
AP Memory Technology Corp.
Cypress Semiconductor Corporation
Fidelix Co., Ltd
GigaDevice Semiconductor (Beijing), Inc. Class A
MoSys, Inc.
PixArt Imaging Inc.
Etron Technology, Inc.
Innodisk Corp.
Western Digital Corporation
Seagate Technology PLC
Infineon Technologies AG
Everspin Technologies, Inc.
Hana Micron Inc.
KoMiCo Ltd.
MECARO.CO. LTD.
MiCo Ltd.
Phoenix Materials Co., Ltd
SMART Global Holdings, Inc.
T'way Holdings, Inc.
Uniquest Corporation
YeaRimDang Publishing Co., Ltd.

Last Updated on 9 Apr, 2020