AMKOR TECHNOLOGY INC (AMKR) Stock Fundamental Analysis
NASDAQ:AMKR - Nasdaq - US0316521006 - Common Stock - Currency: USD
AMKR gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 110 industry peers in the Semiconductors & Semiconductor Equipment industry. Both the profitability and the financial health of AMKR get a neutral evaluation. Nothing too spectacular is happening here. AMKR has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
In the past year AMKR was profitable.
In the past year AMKR had a positive cash flow from operations.
AMKR had positive earnings in each of the past 5 years.
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 4.57%, AMKR is doing good in the industry, outperforming 61.47% of the companies in the same industry.
AMKR has a Return On Equity (7.61%) which is comparable to the rest of the industry.
AMKR has a Return On Invested Capital of 5.95%. This is in the better half of the industry: AMKR outperforms 66.06% 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 11.32%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.57% | ||
| ROE | 7.61% | ||
| ROIC | 5.95% |
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
AMKR's Profit Margin of 5.04% is in line compared to the rest of the industry. AMKR outperforms 55.05% of its industry peers.
In the last couple of years the Profit Margin of AMKR has grown nicely.
AMKR has a Operating Margin of 6.33%. This is comparable to the rest of the industry: AMKR outperforms 58.72% of its industry peers.
AMKR's Operating Margin has improved in the last couple of years.
Looking at the Gross Margin, with a value of 14.17%, AMKR is doing worse than 83.49% of the companies in the same industry.
In the last couple of years the Gross Margin of AMKR has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 6.33% | ||
| PM (TTM) | 5.04% | ||
| GM | 14.17% |
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
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), AMKR is creating some value.
Compared to 1 year ago, AMKR has more shares outstanding
The number of shares outstanding for AMKR has been increased compared to 5 years ago.
AMKR has a better debt/assets ratio than last year.
2.2 Solvency
AMKR has an Altman-Z score of 2.77. This is not the best score and indicates that AMKR is in the grey zone with still only limited risk for bankruptcy at the moment.
The Altman-Z score of AMKR (2.77) is comparable to the rest of the industry.
AMKR has a debt to FCF ratio of 5.15. This is a neutral value as AMKR would need 5.15 years to pay back of all of its debts.
The Debt to FCF ratio of AMKR (5.15) is better than 60.55% of its industry peers.
A Debt/Equity ratio of 0.22 indicates that AMKR is not too dependend on debt financing.
The Debt to Equity ratio of AMKR (0.22) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.22 | ||
| Debt/FCF | 5.15 | ||
| Altman-Z | 2.77 |
ROIC/WACC0.64
WACC9.26%
2.3 Liquidity
AMKR has a Current Ratio of 2.06. This indicates that AMKR is financially healthy and has no problem in meeting its short term obligations.
AMKR has a Current ratio of 2.06. This is in the lower half of the industry: AMKR underperforms 75.23% of its industry peers.
AMKR has a Quick Ratio of 1.83. This is a normal value and indicates that AMKR is financially healthy and should not expect problems in meeting its short term obligations.
AMKR has a Quick ratio of 1.83. This is in the lower half of the industry: AMKR underperforms 62.39% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.06 | ||
| Quick Ratio | 1.83 |
3. Growth
3.1 Past
The earnings per share for AMKR have decreased strongly by -12.93% in the last year.
The Earnings Per Share has been growing by 21.09% on average over the past years. This is a very strong growth
The Revenue has decreased by -1.93% in the past year.
The Revenue has been growing by 9.29% on average over the past years. This is quite good.
EPS 1Y (TTM)-12.93%
EPS 3Y-19.24%
EPS 5Y21.09%
EPS Q2Q%-52.63%
Revenue 1Y (TTM)-1.93%
Revenue growth 3Y0.96%
Revenue growth 5Y9.29%
Sales Q2Q%-3.22%
3.2 Future
The Earnings Per Share is expected to grow by 14.54% on average over the next years. This is quite good.
Based on estimates for the next years, AMKR will show a small growth in Revenue. The Revenue will grow by 2.31% on average per year.
EPS Next Y3.56%
EPS Next 2Y19.99%
EPS Next 3Y14.55%
EPS Next 5YN/A
Revenue Next Year-1.08%
Revenue Next 2Y3.54%
Revenue Next 3Y2.31%
Revenue Next 5YN/A
3.3 Evolution
The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
AMKR is valuated correctly with a Price/Earnings ratio of 14.17.
AMKR's Price/Earnings ratio is rather cheap when compared to the industry. AMKR is cheaper than 83.49% of the companies in the same industry.
AMKR is valuated rather cheaply when we compare the Price/Earnings ratio to 28.22, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 9.13, which indicates a very decent valuation of AMKR.
AMKR's Price/Forward Earnings ratio is rather cheap when compared to the industry. AMKR is cheaper than 93.58% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of AMKR to the average of the S&P500 Index (20.86), we can say AMKR is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.17 | ||
| Fwd PE | 9.13 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, AMKR is valued cheaply inside the industry as 96.33% of the companies are valued more expensively.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of AMKR indicates a rather cheap valuation: AMKR is cheaper than 85.32% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 20.08 | ||
| EV/EBITDA | 3.4 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates AMKR does not grow enough to justify the current Price/Earnings ratio.
A more expensive valuation may be justified as AMKR's earnings are expected to grow with 14.54% in the coming years.
PEG (NY)3.98
PEG (5Y)0.67
EPS Next 2Y19.99%
EPS Next 3Y14.55%
5. Dividend
5.1 Amount
AMKR has a Yearly Dividend Yield of 1.89%. Purely for dividend investing, there may be better candidates out there.
The stock price of AMKR dropped by -26.29% in the last 3 months. With lower prices the dividend yield is higher, but it may be a sign investors do not trust the long term dividend.
AMKR's Dividend Yield is rather good when compared to the industry average which is at 2.75. AMKR pays more dividend than 86.24% of the companies in the same industry.
AMKR's Dividend Yield is slightly below the S&P500 average, which is at 2.44.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.89% |
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
AMKR pays out 50.35% of its income as dividend. This is a bit on the high side, but may be sustainable.
DP50.35%
EPS Next 2Y19.99%
EPS Next 3Y14.55%
18.14
+0.66 (+3.78%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners45.31%
Inst Owner Change1.2%
Ins Owners0.39%
Ins Owner Change-0.4%
Market Cap4.48B
Analysts72.94
Price Target29.35 (61.8%)
Short Float %5.02%
Short Ratio2.11
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.89% |
Yearly Dividend0.73
Dividend Growth(5Y)N/A
DP50.35%
Div Incr Years4
Div Non Decr Years4
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)6.59%
Min EPS beat(2)1.71%
Max EPS beat(2)11.47%
EPS beat(4)3
Avg EPS beat(4)6.61%
Min EPS beat(4)-4.11%
Max EPS beat(4)17.36%
EPS beat(8)7
Avg EPS beat(8)16.72%
EPS beat(12)10
Avg EPS beat(12)13.87%
EPS beat(16)14
Avg EPS beat(16)20.96%
Revenue beat(2)1
Avg Revenue beat(2)-1.18%
Min Revenue beat(2)-3.94%
Max Revenue beat(2)1.58%
Revenue beat(4)1
Avg Revenue beat(4)-1.14%
Min Revenue beat(4)-3.94%
Max Revenue beat(4)1.58%
Revenue beat(8)2
Avg Revenue beat(8)-0.94%
Revenue beat(12)4
Avg Revenue beat(12)-0.36%
Revenue beat(16)8
Avg Revenue beat(16)1.53%
PT rev (1m)-6.5%
PT rev (3m)-16.26%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-70.2%
EPS NY rev (1m)-1.25%
EPS NY rev (3m)-25.9%
Revenue NQ rev (1m)-0.08%
Revenue NQ rev (3m)-12.92%
Revenue NY rev (1m)-0.33%
Revenue NY rev (3m)-7.14%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.17 | ||
| Fwd PE | 9.13 | ||
| P/S | 0.71 | ||
| P/FCF | 20.08 | ||
| P/OCF | 4.71 | ||
| P/B | 1.08 | ||
| P/tB | 1.08 | ||
| EV/EBITDA | 3.4 |
EPS(TTM)1.28
EY7.06%
EPS(NY)1.99
Fwd EY10.95%
FCF(TTM)0.9
FCFY4.98%
OCF(TTM)3.85
OCFY21.21%
SpS25.39
BVpS16.82
TBVpS16.75
PEG (NY)3.98
PEG (5Y)0.67
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.57% | ||
| ROE | 7.61% | ||
| ROCE | 7.26% | ||
| ROIC | 5.95% | ||
| ROICexc | 8.34% | ||
| ROICexgc | 8.38% | ||
| OM | 6.33% | ||
| PM (TTM) | 5.04% | ||
| GM | 14.17% | ||
| FCFM | 3.56% |
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-Score4
Asset Turnover0.91
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.22 | ||
| Debt/FCF | 5.15 | ||
| Debt/EBITDA | 0.91 | ||
| Cap/Depr | 120.54% | ||
| Cap/Sales | 11.6% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 95.03% | ||
| Profit Quality | 70.57% | ||
| Current Ratio | 2.06 | ||
| Quick Ratio | 1.83 | ||
| Altman-Z | 2.77 |
F-Score4
WACC9.26%
ROIC/WACC0.64
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)-12.93%
EPS 3Y-19.24%
EPS 5Y21.09%
EPS Q2Q%-52.63%
EPS Next Y3.56%
EPS Next 2Y19.99%
EPS Next 3Y14.55%
EPS Next 5YN/A
Revenue 1Y (TTM)-1.93%
Revenue growth 3Y0.96%
Revenue growth 5Y9.29%
Sales Q2Q%-3.22%
Revenue Next Year-1.08%
Revenue Next 2Y3.54%
Revenue Next 3Y2.31%
Revenue Next 5YN/A
EBIT growth 1Y-16.4%
EBIT growth 3Y-16.98%
EBIT growth 5Y13.79%
EBIT Next Year163.42%
EBIT Next 3Y49.35%
EBIT Next 5YN/A
FCF growth 1Y-14.16%
FCF growth 3Y0.35%
FCF growth 5Y30.41%
OCF growth 1Y-14.22%
OCF growth 3Y-0.97%
OCF growth 5Y14.07%