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. AMKR has only an average score on both its financial health and profitability. AMKR has a decent growth rate and is not valued too expensively.
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
AMKR has a better Return On Assets (4.57%) than 60.91% of its industry peers.
The Return On Equity of AMKR (7.61%) is better than 63.64% of its industry peers.
With a decent Return On Invested Capital value of 5.95%, AMKR is doing good in the industry, outperforming 68.18% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for AMKR is in line with the industry average of 10.58%.
| 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 has a Profit Margin of 5.04%. This is comparable to the rest of the industry: AMKR outperforms 52.73% of its industry peers.
AMKR's Profit Margin has improved in the last couple of years.
AMKR's Operating Margin of 6.33% is in line compared to the rest of the industry. AMKR outperforms 56.36% of its industry peers.
AMKR's Operating Margin has improved in the last couple of years.
AMKR has a worse Gross Margin (14.17%) than 87.27% of its industry peers.
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) below the Cost of Capital (WACC), AMKR is destroying value.
The number of shares outstanding for AMKR has been increased compared to 1 year ago.
Compared to 5 years ago, AMKR has more shares outstanding
Compared to 1 year ago, AMKR has an improved debt to assets ratio.
2.2 Solvency
AMKR has an Altman-Z score of 2.98. 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.
AMKR has a Altman-Z score (2.98) which is in line with its industry peers.
AMKR has a debt to FCF ratio of 5.39. This is a neutral value as AMKR would need 5.39 years to pay back of all of its debts.
AMKR has a Debt to FCF ratio (5.39) which is in line with its industry peers.
AMKR has a Debt/Equity ratio of 0.22. This is a healthy value indicating a solid balance between debt and equity.
With a Debt to Equity ratio value of 0.22, AMKR perfoms like the industry average, outperforming 43.64% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.22 | ||
| Debt/FCF | 5.39 | ||
| Altman-Z | 2.98 |
ROIC/WACC0.53
WACC11.27%
2.3 Liquidity
A Current Ratio of 2.06 indicates that AMKR has no problem at all paying its short term obligations.
The Current ratio of AMKR (2.06) is worse than 73.64% of its industry peers.
A Quick Ratio of 1.83 indicates that AMKR should not have too much problems paying its short term obligations.
AMKR has a Quick ratio of 1.83. This is in the lower half of the industry: AMKR underperforms 60.91% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.06 | ||
| Quick Ratio | 1.83 |
3. Growth
3.1 Past
AMKR shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -12.93%.
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.
Looking at the last year, AMKR shows a decrease in Revenue. The Revenue has decreased by -1.93% in the last year.
Measured over the past years, AMKR shows a quite strong growth in Revenue. The Revenue has been growing by 9.29% on average per year.
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
Based on estimates for the next years, AMKR will show a quite strong growth in Earnings Per Share. The EPS will grow by 8.83% on average per year.
The Revenue is expected to grow by 3.03% on average over the next years.
EPS Next Y-19.41%
EPS Next 2Y5.5%
EPS Next 3Y8.83%
EPS Next 5YN/A
Revenue Next Year-1.28%
Revenue Next 2Y2.56%
Revenue Next 3Y3.03%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last 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
With a Price/Earnings ratio of 16.84, AMKR is valued correctly.
Compared to the rest of the industry, the Price/Earnings ratio of AMKR indicates a rather cheap valuation: AMKR is cheaper than 86.36% of the companies listed in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 27.51, AMKR is valued a bit cheaper.
A Price/Forward Earnings ratio of 14.04 indicates a correct valuation of AMKR.
Based on the Price/Forward Earnings ratio, AMKR is valued cheaper than 90.00% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 35.58, AMKR is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.84 | ||
| Fwd PE | 14.04 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, AMKR is valued cheaply inside the industry as 97.27% of the companies are valued more expensively.
AMKR's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. AMKR is cheaper than 80.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 23.87 | ||
| EV/EBITDA | 4.4 |
4.3 Compensation for Growth
AMKR has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.8
EPS Next 2Y5.5%
EPS Next 3Y8.83%
5. Dividend
5.1 Amount
AMKR has a Yearly Dividend Yield of 1.51%. Purely for dividend investing, there may be better candidates out there.
AMKR's Dividend Yield is rather good when compared to the industry average which is at 2.17. AMKR pays more dividend than 85.45% of the companies in the same industry.
AMKR's Dividend Yield is slightly below the S&P500 average, which is at 2.35.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.51% |
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 2Y5.5%
EPS Next 3Y8.83%
21.56
+0.24 (+1.13%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners45.15%
Inst Owner Change-0.03%
Ins Owners0.49%
Ins Owner Change0.28%
Market Cap5.33B
Analysts72.5
Price Target24.95 (15.72%)
Short Float %5.61%
Short Ratio3.72
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.51% |
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)0%
PT rev (3m)-20.51%
EPS NQ rev (1m)-0.5%
EPS NQ rev (3m)-1.97%
EPS NY rev (1m)-1.21%
EPS NY rev (3m)-23.16%
Revenue NQ rev (1m)0.07%
Revenue NQ rev (3m)6.77%
Revenue NY rev (1m)-0.05%
Revenue NY rev (3m)-0.23%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.84 | ||
| Fwd PE | 14.04 | ||
| P/S | 0.85 | ||
| P/FCF | 23.87 | ||
| P/OCF | 5.6 | ||
| P/B | 1.28 | ||
| P/tB | 1.29 | ||
| EV/EBITDA | 4.4 |
EPS(TTM)1.28
EY5.94%
EPS(NY)1.54
Fwd EY7.12%
FCF(TTM)0.9
FCFY4.19%
OCF(TTM)3.85
OCFY17.85%
SpS25.39
BVpS16.82
TBVpS16.75
PEG (NY)N/A
PEG (5Y)0.8
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 | 5.39 | ||
| 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 | 2.98 |
F-Score4
WACC11.27%
ROIC/WACC0.53
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 Y-19.41%
EPS Next 2Y5.5%
EPS Next 3Y8.83%
EPS Next 5YN/A
Revenue 1Y (TTM)-1.93%
Revenue growth 3Y0.96%
Revenue growth 5Y9.29%
Sales Q2Q%-3.22%
Revenue Next Year-1.28%
Revenue Next 2Y2.56%
Revenue Next 3Y3.03%
Revenue Next 5YN/A
EBIT growth 1Y-16.4%
EBIT growth 3Y-16.98%
EBIT growth 5Y13.79%
EBIT Next Year144.26%
EBIT Next 3Y44.02%
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%