SK Hynix Inc ADR (SKHY) is slightly undervalued and Taiwan Semiconductor Manufacturing ADR (TSM) is overvalued.
Against our estimates of intrinsic value, SKHY trades at the wider discount: a margin of safety of +14%, against -26% for TSM.
Values as of the 22 Sept 2026 close.
A 12.5x revenue multiple, adjusted for growth and margin, values the shares at $226.78; the price of $195.37 is 14% below that value.
Leak Score 81/100 on 3 of 12 signals
A 12.5x revenue multiple, adjusted for growth and margin, values the shares at $358.23; the price of $452.00 is 26% above that value.
Leak Score 59/100 on 3 of 12 signals
| Metric | SKHY | TSM |
|---|---|---|
| Verdict | Slightly undervalued | Overvalued |
| Price | $195.37 | $452.00 |
| Intrinsic value | $226.78 | $358.23 |
| Margin of safety | +14% | -26% |
| Leak Score | 81/100 (3/12) | 59/100 (3/12) |
| Market cap | $1.42T | $2.34T |
| Revenue growth, 5 years | 20.4% | 21.9% |
| Operating margin | 67.8% | 55.8% |
| Net margin | 85.0% | 50.3% |
| Return on equity | 93.7% | 40.1% |
| Debt to equity | 0.08 | 0.17 |
| P/E | 12.7x | 32.6x |
| Forward P/E | 5.8x | 20.6x |
| P/B | 8.2x | 11.6x |
| Dividend yield | 0.3% | 0.9% |