AMKOR TECHNOLOGY INC (AMKR) Stock Fundamental Analysis
NASDAQ:AMKR - US0316521006 - Common Stock
24.19 USD
-0.47 (-1.91%)
24.19 USD
0 (0%)
We assign a fundamental rating of 5 out of 10 to AMKR. AMKR was compared to 110 industry peers in the Semiconductors & Semiconductor Equipment industry. While AMKR is still in line with the averages on profitability rating, there are concerns on its financial health. AMKR has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
AMKR had positive earnings in the past year.
In the past year AMKR had a positive cash flow from operations.
Each year in the past 5 years AMKR has been profitable.
AMKR had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
With a decent Return On Assets value of 3.94%, AMKR is doing good in the industry, outperforming 63.64% of the companies in the same industry.
The Return On Equity of AMKR (7.24%) is better than 66.36% of its industry peers.
AMKR has a better Return On Invested Capital (5.77%) than 67.27% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for AMKR is in line with the industry average of 10.90%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.94% | ||
| ROE | 7.24% | ||
| ROIC | 5.77% |
ROA(3y)7.21%
ROA(5y)7.8%
ROE(3y)12.83%
ROE(5y)14.98%
ROIC(3y)9.33%
ROIC(5y)10.58%
1.3 Margins
Looking at the Profit Margin, with a value of 4.80%, AMKR is in line with its industry, outperforming 56.36% of the companies in the same industry.
AMKR's Profit Margin has improved in the last couple of years.
AMKR has a Operating Margin (6.44%) which is in line with its industry peers.
AMKR's Operating Margin has improved in the last couple of years.
AMKR's Gross Margin of 13.58% is on the low side compared to the rest of the industry. AMKR is outperformed by 85.45% of its industry peers.
AMKR's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 6.44% | ||
| PM (TTM) | 4.8% | ||
| GM | 13.58% |
OM growth 3Y-17.77%
OM growth 5Y4.12%
PM growth 3Y-18.82%
PM growth 5Y13.44%
GM growth 3Y-9.56%
GM growth 5Y-1.61%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so AMKR is destroying value.
Compared to 1 year ago, AMKR has more shares outstanding
AMKR has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, AMKR has an improved debt to assets ratio.
2.2 Solvency
An Altman-Z score of 2.73 indicates that AMKR is not a great score, but indicates only limited risk for bankruptcy at the moment.
AMKR has a Altman-Z score (2.73) which is in line with its industry peers.
AMKR has a debt to FCF ratio of 5.86. This is a neutral value as AMKR would need 5.86 years to pay back of all of its debts.
With a Debt to FCF ratio value of 5.86, AMKR perfoms like the industry average, outperforming 55.45% of the companies in the same industry.
A Debt/Equity ratio of 0.29 indicates that AMKR is not too dependend on debt financing.
The Debt to Equity ratio of AMKR (0.29) is worse than 60.91% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.29 | ||
| Debt/FCF | 5.86 | ||
| Altman-Z | 2.73 |
ROIC/WACC0.51
WACC11.41%
2.3 Liquidity
A Current Ratio of 1.89 indicates that AMKR should not have too much problems paying its short term obligations.
AMKR's Current ratio of 1.89 is on the low side compared to the rest of the industry. AMKR is outperformed by 75.45% of its industry peers.
A Quick Ratio of 1.70 indicates that AMKR should not have too much problems paying its short term obligations.
Looking at the Quick ratio, with a value of 1.70, AMKR is doing worse than 69.09% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.89 | ||
| Quick Ratio | 1.7 |
3. Growth
3.1 Past
The earnings per share for AMKR have decreased strongly by -16.89% in the last year.
Measured over the past years, AMKR shows a very strong growth in Earnings Per Share. The EPS has been growing by 21.09% on average per year.
The Revenue has decreased by -1.20% in the past year.
AMKR shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 9.29% yearly.
EPS 1Y (TTM)-16.89%
EPS 3Y-19.24%
EPS 5Y21.09%
EPS Q2Q%-18.52%
Revenue 1Y (TTM)-1.2%
Revenue growth 3Y0.96%
Revenue growth 5Y9.29%
Sales Q2Q%3.42%
3.2 Future
The Earnings Per Share is expected to grow by 14.01% on average over the next years. This is quite good.
AMKR is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.04% yearly.
EPS Next Y-16.47%
EPS Next 2Y6.16%
EPS Next 3Y14.01%
EPS Next 5YN/A
Revenue Next Year3.63%
Revenue Next 2Y4.94%
Revenue Next 3Y6.04%
Revenue Next 5YN/A
3.3 Evolution
Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
AMKR is valuated rather expensively with a Price/Earnings ratio of 19.67.
Based on the Price/Earnings ratio, AMKR is valued a bit cheaper than 79.09% of the companies in the same industry.
AMKR is valuated rather cheaply when we compare the Price/Earnings ratio to 27.08, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 15.55, which indicates a correct valuation of AMKR.
AMKR's Price/Forward Earnings ratio is rather cheap when compared to the industry. AMKR is cheaper than 87.27% of the companies in the same industry.
AMKR is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 22.72, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.67 | ||
| Fwd PE | 15.55 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, AMKR is valued cheaply inside the industry as 96.36% of the companies are valued more expensively.
82.73% of the companies in the same industry are more expensive than AMKR, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 21.58 | ||
| EV/EBITDA | 5.06 |
4.3 Compensation for Growth
AMKR has a very decent profitability rating, which may justify a higher PE ratio.
AMKR's earnings are expected to grow with 14.01% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)0.93
EPS Next 2Y6.16%
EPS Next 3Y14.01%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 1.43%, AMKR has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 2.43, AMKR pays a better dividend. On top of this AMKR pays more dividend than 83.64% of the companies listed in the same industry.
AMKR's Dividend Yield is slightly below the S&P500 average, which is at 2.34.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.43% |
5.2 History
AMKR has been paying a dividend for over 5 years, so it has already some track record.
AMKR has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)N/A
Div Incr Years4
Div Non Decr Years4
5.3 Sustainability
59.48% of the earnings are spent on dividend by AMKR. This is a bit on the high side, but may be sustainable.
DP59.48%
EPS Next 2Y6.16%
EPS Next 3Y14.01%
24.19
-0.47 (-1.91%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners45.27%
Inst Owner Change3.48%
Ins Owners0.5%
Ins Owner Change1.24%
Market Cap5.98B
Analysts71.76
Price Target26.78 (10.71%)
Short Float %5.88%
Short Ratio3.25
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.43% |
Yearly Dividend0.73
Dividend Growth(5Y)N/A
DP59.48%
Div Incr Years4
Div Non Decr Years4
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)19.5%
Min EPS beat(2)1.71%
Max EPS beat(2)37.29%
EPS beat(4)3
Avg EPS beat(4)11.59%
Min EPS beat(4)-4.11%
Max EPS beat(4)37.29%
EPS beat(8)7
Avg EPS beat(8)18.6%
EPS beat(12)10
Avg EPS beat(12)16.59%
EPS beat(16)14
Avg EPS beat(16)22.89%
Revenue beat(2)2
Avg Revenue beat(2)2.87%
Min Revenue beat(2)1.58%
Max Revenue beat(2)4.16%
Revenue beat(4)2
Avg Revenue beat(4)0.24%
Min Revenue beat(4)-3.94%
Max Revenue beat(4)4.16%
Revenue beat(8)3
Avg Revenue beat(8)-0.02%
Revenue beat(12)5
Avg Revenue beat(12)0.24%
Revenue beat(16)8
Avg Revenue beat(16)1.61%
PT rev (1m)10.19%
PT rev (3m)7.32%
EPS NQ rev (1m)-1.98%
EPS NQ rev (3m)-23.79%
EPS NY rev (1m)3.65%
EPS NY rev (3m)2.39%
Revenue NQ rev (1m)9.69%
Revenue NQ rev (3m)5.12%
Revenue NY rev (1m)4.97%
Revenue NY rev (3m)4.39%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.67 | ||
| Fwd PE | 15.55 | ||
| P/S | 0.95 | ||
| P/FCF | 21.58 | ||
| P/OCF | 6.07 | ||
| P/B | 1.42 | ||
| P/tB | 1.43 | ||
| EV/EBITDA | 5.06 |
EPS(TTM)1.23
EY5.08%
EPS(NY)1.56
Fwd EY6.43%
FCF(TTM)1.12
FCFY4.63%
OCF(TTM)3.98
OCFY16.47%
SpS25.59
BVpS16.98
TBVpS16.9
PEG (NY)N/A
PEG (5Y)0.93
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.94% | ||
| ROE | 7.24% | ||
| ROCE | 7.03% | ||
| ROIC | 5.77% | ||
| ROICexc | 8.92% | ||
| ROICexgc | 8.97% | ||
| OM | 6.44% | ||
| PM (TTM) | 4.8% | ||
| GM | 13.58% | ||
| FCFM | 4.38% |
ROA(3y)7.21%
ROA(5y)7.8%
ROE(3y)12.83%
ROE(5y)14.98%
ROIC(3y)9.33%
ROIC(5y)10.58%
ROICexc(3y)12.77%
ROICexc(5y)14.21%
ROICexgc(3y)12.84%
ROICexgc(5y)14.3%
ROCE(3y)11.37%
ROCE(5y)12.9%
ROICexcg growth 3Y-21.32%
ROICexcg growth 5Y6.25%
ROICexc growth 3Y-21.24%
ROICexc growth 5Y6.36%
OM growth 3Y-17.77%
OM growth 5Y4.12%
PM growth 3Y-18.82%
PM growth 5Y13.44%
GM growth 3Y-9.56%
GM growth 5Y-1.61%
F-Score3
Asset Turnover0.82
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.29 | ||
| Debt/FCF | 5.86 | ||
| Debt/EBITDA | 1.17 | ||
| Cap/Depr | 115.49% | ||
| Cap/Sales | 11.19% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 96.54% | ||
| Profit Quality | 91.21% | ||
| Current Ratio | 1.89 | ||
| Quick Ratio | 1.7 | ||
| Altman-Z | 2.73 |
F-Score3
WACC11.41%
ROIC/WACC0.51
Cap/Depr(3y)130.67%
Cap/Depr(5y)127.74%
Cap/Sales(3y)12.04%
Cap/Sales(5y)11.95%
Profit Quality(3y)89.01%
Profit Quality(5y)76.86%
High Growth Momentum
Growth
EPS 1Y (TTM)-16.89%
EPS 3Y-19.24%
EPS 5Y21.09%
EPS Q2Q%-18.52%
EPS Next Y-16.47%
EPS Next 2Y6.16%
EPS Next 3Y14.01%
EPS Next 5YN/A
Revenue 1Y (TTM)-1.2%
Revenue growth 3Y0.96%
Revenue growth 5Y9.29%
Sales Q2Q%3.42%
Revenue Next Year3.63%
Revenue Next 2Y4.94%
Revenue Next 3Y6.04%
Revenue Next 5YN/A
EBIT growth 1Y-15.13%
EBIT growth 3Y-16.98%
EBIT growth 5Y13.79%
EBIT Next Year150.72%
EBIT Next 3Y48.31%
EBIT Next 5YN/A
FCF growth 1Y32.76%
FCF growth 3Y0.35%
FCF growth 5Y30.41%
OCF growth 1Y-7.05%
OCF growth 3Y-0.97%
OCF growth 5Y14.07%