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Shareholder Return Rate to Reach 8% Next Year, Targeting "No Less Than 50% Free Cash Flow" -- Wall Street Interprets SK hynix's "40 Trillion Korean Won Buyback Plan"
JPMorgan believes that the shareholder return policy has been upgraded from "no more than 50% of free cash flow" to "no less than 50%," changing the policy from an upper limit to a lower limit, sending a clear signal to the market: future shareholder returns will only increase, not decrease. Goldman Sachs predicts that the shareholder return rate will reach 8% by 2027, and expects about 7 trillion KRW in additional buybacks in the future. JPMorgan estimates that by the end of 2027, there will still be more than 16% of market value available for extra returns. The market will focus on the earnings report at the end of October.