Key insights
- The post suggests SK Hynix is undervalued compared to Micron based on DCF, P/E, forward P/E, and PEG ratios. It highlights a German-listed GDR (HY9H) as an option for European investors. Limited direct impact on US equities, but negative sentiment toward Micron could lead to a slight correction.
I keep seeing posts here about Micron. If you’re analyzing this stock and think the train has already left, take a look at SK Hynix, which has much more attractive value:
- DCF: 68% undervalued vs. 138% overvalued for Micron * P/E: 13.5x vs. 29.9x * Forward P/E: 4.6x vs. 8.2x * PEG: 0.4x vs. 1.1x
In my view, Hynix still remains deeply undervalued despite its crazy growth in recent months.
I know many will say they can’t buy it, that’s probably one reason it’s still undervalued. However, for European investors there is an option: a GDR listed on the German exchange under the ticker HY9H. I’m not sure whether American investors can buy it.