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 2018	KRW	USD
Revenue	40,445.06B	36,750.93M
Gross Profit	24,323.18B	22,101.57M
Operating income	20,867.63B	18,961.64M
Income before tax	21,341.03B	19,391.80M
Net income	15,540.11B	14,120.72M
EBITDA	27,295.96B	24,802.83M
Diluted EPS	22,252.15	20.21
Dividends Per Share	1,500	1.36
Total Assets	63,658.33B	57,051.74M
Total liabilities	16,806.00B	15,061.84M
Total equity	46,845.71B	41,983.97M
Operating cash flow	22,227.19B	20,197.03M
	Currency in KRW	Currency in USD

Historical Data

KRW | USD

	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018
Revenue	17,125.56B	18,797.99B	17,197.97B	30,109.43B	40,445.06B
Gross Profit	7,264.88B	7,708.39B	5,780.57B	16,641.10B	24,323.18B
Operating income	5,111.77B	5,335.77B	3,280.72B	13,746.93B	20,867.63B
Income before tax	5,035.16B	5,244.47B	3,193.70B	13,439.56B	21,341.03B
Net income	4,195.45B	4,322.35B	2,953.77B	10,641.51B	15,540.11B
EBITDA	8,555.75B	9,289.00B	7,737.18B	18,773.16B	27,295.96B
Diluted EPS	5,842	6,002	4,184	15,072.14	22,252.15
Dividends Per Share	300	500	600	1,000	1,500
Total Assets	26,883.27B	29,677.90B	32,216.02B	45,418.46B	63,658.33B
Total liabilities	8,846.97B	8,290.20B	8,192.49B	11,597.54B	16,806.00B
Total equity	18,036.45B	21,386.86B	24,016.95B	33,815.28B	46,845.71B
Operating cash flow	5,866.69B	9,319.52B	5,548.92B	14,690.61B	22,227.19B

	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018
Revenue	16,268.87M	16,608.88M	14,823.41M	26,633.49M	36,750.93M
Gross Profit	6,901.46M	6,810.71M	4,982.43M	14,719.99M	22,101.57M
Operating income	4,856.06M	4,714.39M	2,827.74M	12,159.93M	18,961.64M
Income before tax	4,783.28M	4,633.73M	2,752.74M	11,888.05M	19,391.80M
Net income	3,985.58M	3,818.99M	2,545.94M	9,413.01M	14,120.72M
EBITDA	8,127.75M	8,207.26M	6,668.89M	16,605.92M	24,802.83M
Diluted EPS	5.54	5.30	3.60	13.33	20.21
Dividends Per Share	0.28	0.44	0.51	0.88	1.36
Total Assets	24,458.24M	25,310.56M	26,673.30M	42,425.35M	57,051.74M
Total liabilities	8,048.92M	7,070.23M	6,782.99M	10,833.25M	15,061.84M
Total equity	16,409.45M	18,239.61M	19,884.87M	31,586.82M	41,983.97M
Operating cash flow	5,573.21M	8,234.22M	4,782.77M	12,994.67M	20,197.03M

Valuation Measures

Dec 2018
PER	2.71
ROA	28.49%
ROE	38.53%
Operating margin	51.59%
Profit margin	38.42%

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 (10.2%)
SK hynix, Inc. (6.0%)
Capital Research & Management Co. (World Investors) (2.1%)
The Vanguard Group, Inc. (1.9%)
BlackRock Fund Advisors (1.8%)
Samsung Asset Management Co., Ltd. (1.4%)
Lazard Asset Management LLC (0.9%)
Norges Bank Investment Management (0.9%)
Fidelity Management & Research Co. (0.8%)

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.
Cypress Semiconductor Corporation
Fidelix Co., Ltd
GigaDevice Semiconductor (Beijing), Inc. Class A
MoSys, Inc.
PixArt Imaging Inc.
Etron Technology, Inc.
Western Digital Corporation
Seagate Technology PLC
Infineon Technologies AG
Atomera Incorporated
Everspin Technologies, Inc.
Hana Micron Inc.
Innodisk Corp.
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 20 Jan, 2020