SK Square: An Updated NAV Analysis + A Key Beneficiary of Higher Shareholder Returns by SK Hynix
My updated NAV analysis of SK Square suggests a target price of 1,378,127 won (42% upside). SK Square’s stake in SK Hynix is 172% of its market cap.
Assuming SK Hynix provides 65.2 trillion won in 2026 shareholder returns split equally between dividends and buybacks, each portion would total 32.6 trillion won.
SK Square’s shareholder return policy is a bit vague. The company needs to better communicate its shareholder return policy.
