SK Hynix (KOSE:A000660) Could Be 46% Undervalued Following Its ADS Offering

SK hynix (KOSE:A000660) has drawn fresh attention after completing a US$26.5b follow on equity offering of American Depositary Shares, which was followed days later by its addition to the NASDAQ Composite Index. See our latest analysis for SK hynix. At a share price of ₩1,858,000, SK hynix has seen a 1 day share price return of 5.33%, while the 30 day share price return is down 32.78%. However, the year to date share price return of 174.45% and a 1 year total shareholder return that is well...