SK Hynix Could Get Valuation Boost From ADR Listing -- Market Talk

Dow Jones03-25 16:56

0856 GMT - SK Hynix could get a valuation boost from listing American depositary receipts this year, Mirae Asset Securities' Kim Young-gun says. The South Korean chip maker's ADR listing could highlight a valuation gap with its locally traded shares, potentially lifting the stock's valuation, the analyst writes in a note. He points to SK Hynix's relatively lower valuation compared with U.S. peers, including Micron Technology. The Korean company trades at a forward price-to-earnings ratio of around 5.9X compared with 7.8X for Micron, he notes. The company could issue new shares equal to 2.5% of outstanding to back the ADR offering and raise up to 15 trillion won, he adds. (kwanwoo.jun@wsj.com)

 

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March 25, 2026 04:56 ET (08:56 GMT)

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