Added to YB: 2026-03-04
Pitch date: 2026-02-10
402340.KS [bullish]
SK Square Co., Ltd.
+7.59%
current return
Author Info
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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 85.2T
Pitch Price
KRW 540.0K
Price Target
1.3M (+131%)
Dividend
N/A
EV/EBITDA
N/A
P/E
9.66
EV/Sales
59.68
Sector
Industrial Conglomerates
Category
value
SK Square = Discount Squared
402340.KS: SK Hynix (96%+ of NAV) leader in HBM w/ 50%+ market share trades at 6.1x 2026E vs Micron's 12x (Korea discount). SK Square HoldCo at 54% NAV discount vs 30% target. Loeb suggests margin loan (20% LTV) to buy back 32.7% shares outstanding. Apply 9x P/E (mid-point) + 30% HoldCo discount = ₩1.34M target (+141% upside). Triple catalyst: memory cycle, Korea re-rate, HoldCo compression.
Read full article (4 min)