SK hynix Third Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

SK hynix (KRX:000660) Third Quarter 2024 Results

Key Financial Results

• Revenue: ₩18t (up 94% from 3Q 2023).
• Net income: ₩5.75t (up from ₩2.18t loss in 3Q 2023).
• Profit margin: 33% (up from net loss in 3Q 2023). The move to profitability was driven by higher revenue.
• EPS: ₩8,344 (up from ₩3,174 loss in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

SK hynix EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 2.7%. Earnings per share (EPS) exceeded analyst estimates by 5.2%.

Looking ahead, revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 24% growth forecast for the Semiconductor industry in South Korea.

Performance of the South Korean Semiconductor industry.

The company's shares are down 6.7% from a week ago.

Valuation

Our analysis of SK hynix based on 6 different valuation metrics shows it might be undervalued. Discover what analysts are forecasting and how the current share price shapes up by clicking here.

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