Professional
Added to YB: 2026-02-10
Pitch date: 2026-02-06
402340.KS [neutral]
SK Square Co., Ltd.
+2.74%
current return
Author Info
No bio for this author
Company Info
SK Square Co., Ltd. invests in semiconductor, and information and communication technologies in South Korea, China, Asia, the United States, and Europe.
Market Cap
KRW 67.9T
Pitch Price
KRW 548.0K
Price Target
1.1M (+100%)
Dividend
N/A
EV/EBITDA
8.75
P/E
9.72
EV/Sales
7.15
Sector
Industrial Conglomerates
Category
value
Third Point Portfolio Holding: SK Square Co., Ltd.
402340.KS (holding update): Korean holding co w/ 20% SK Hynix stake trades 47% NAV discount vs peers' 15-45%. SK Hynix leading HBM supplier (2/3 NVIDIA HBM4 demand), 6.5x 2026 EPS. Mgmt targets 30% NAV discount by 2028 via buybacks using Hynix-collateralized debt. Buybacks = buying Hynix at 47% discount (3.5x earnings, 29% yield).
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