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CPIA

ChipMOS TECHNOLOGIES DB:CPIA Stock Report

Last Price

NT$30.40

Market Cap

NT$1.1b

7D

2.0%

1Y

23.6%

Updated

23 May, 2022

Data

Company Financials +
CPIA fundamental analysis
Snowflake Score
Valuation3/6
Future Growth2/6
Past Performance6/6
Financial Health6/6
Dividends3/6

CPIA Stock Overview

ChipMOS TECHNOLOGIES INC. engages in the research, development, manufacture, and sale of high-integration and high-precision integrated circuits, and related assembly and testing services in Taiwan, People’s Republic of China, Japan, Singapore, and internationally.

ChipMOS TECHNOLOGIES Competitors

Price History & Performance

Summary of all time highs, changes and price drops for ChipMOS TECHNOLOGIES
Historical stock prices
Current Share PriceNT$30.40
52 Week HighNT$37.00
52 Week LowNT$25.60
Beta0.61
1 Month Change1.33%
3 Month Change2.01%
1 Year Change23.58%
3 Year Change143.79%
5 Year Change71.71%
Change since IPO107.99%

Recent News & Updates

Shareholder Returns

CPIADE SemiconductorDE Market
7D2.0%-2.3%-0.09%
1Y23.6%-11.7%-12.9%

Return vs Industry: CPIA exceeded the German Semiconductor industry which returned -11.7% over the past year.

Return vs Market: CPIA exceeded the German Market which returned -12.9% over the past year.

Price Volatility

Is CPIA's price volatile compared to industry and market?
CPIA volatility
CPIA Average Weekly Movement5.1%
Semiconductor Industry Average Movement7.2%
Market Average Movement6.4%
10% most volatile stocks in DE Market10.6%
10% least volatile stocks in DE Market3.5%

Stable Share Price: CPIA is not significantly more volatile than the rest of German stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: CPIA's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1997n/aShih-Jye Chenghttps://www.chipmos.com

ChipMOS TECHNOLOGIES INC. engages in the research, development, manufacture, and sale of high-integration and high-precision integrated circuits, and related assembly and testing services in Taiwan, People’s Republic of China, Japan, Singapore, and internationally. It operates through Testing; Assembly; Testing and Assembly for LCD, OLED and other Display Panel Driver Semiconductors; Bumping; and Other segments.

ChipMOS TECHNOLOGIES Fundamentals Summary

How do ChipMOS TECHNOLOGIES's earnings and revenue compare to its market cap?
CPIA fundamental statistics
Market CapNT$34.91b
Earnings (TTM)NT$5.32b
Revenue (TTM)NT$27.66b

6.6x

P/E Ratio

1.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CPIA income statement (TTM)
RevenueNT$27.66b
Cost of RevenueNT$20.29b
Gross ProfitNT$7.37b
Other ExpensesNT$2.05b
EarningsNT$5.32b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)7.32
Gross Margin26.65%
Net Profit Margin19.25%
Debt/Equity Ratio36.4%

How did CPIA perform over the long term?

See historical performance and comparison

Dividends

9.0%

Current Dividend Yield

59%

Payout Ratio

Valuation

Is ChipMOS TECHNOLOGIES undervalued compared to its fair value and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


6.56x

Price to Earnings (PE) ratio

Share Price vs. Fair Value

Below Fair Value: CPIA (€30.4) is trading above our estimate of fair value (€17.41)

Significantly Below Fair Value: CPIA is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: CPIA is good value based on its PE Ratio (6.6x) compared to the German Semiconductor industry average (19x).

PE vs Market: CPIA is good value based on its PE Ratio (6.6x) compared to the German market (17.2x).


Price to Earnings Growth Ratio

PEG Ratio: CPIA is poor value based on its PEG Ratio (4.2x)


Price to Book Ratio

PB vs Industry: CPIA is good value based on its PB Ratio (1.4x) compared to the DE Semiconductor industry average (2.9x).


Future Growth

How is ChipMOS TECHNOLOGIES forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

Future Growth Score

2/6

Future Growth Score 2/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


1.6%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CPIA's forecast earnings growth (1.6% per year) is above the savings rate (-0.05%).

Earnings vs Market: CPIA's earnings (1.6% per year) are forecast to grow slower than the German market (7.4% per year).

High Growth Earnings: CPIA's earnings are forecast to grow, but not significantly.

Revenue vs Market: CPIA's revenue (6.8% per year) is forecast to grow faster than the German market (4.8% per year).

High Growth Revenue: CPIA's revenue (6.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if CPIA's Return on Equity is forecast to be high in 3 years time


Past Performance

How has ChipMOS TECHNOLOGIES performed over the past 5 years?

Past Performance Score

6/6

Past Performance Score 6/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


29.3%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: CPIA has high quality earnings.

Growing Profit Margin: CPIA's current net profit margins (19.3%) are higher than last year (10.9%).


Past Earnings Growth Analysis

Earnings Trend: CPIA's earnings have grown significantly by 29.3% per year over the past 5 years.

Accelerating Growth: CPIA's earnings growth over the past year (103.7%) exceeds its 5-year average (29.3% per year).

Earnings vs Industry: CPIA earnings growth over the past year (103.7%) exceeded the Semiconductor industry 79.5%.


Return on Equity

High ROE: CPIA's Return on Equity (20.7%) is considered high.


Financial Health

How is ChipMOS TECHNOLOGIES's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: CPIA's short term assets (NT$16.1B) exceed its short term liabilities (NT$5.3B).

Long Term Liabilities: CPIA's short term assets (NT$16.1B) exceed its long term liabilities (NT$11.0B).


Debt to Equity History and Analysis

Debt Level: CPIA's net debt to equity ratio (10.5%) is considered satisfactory.

Reducing Debt: CPIA's debt to equity ratio has reduced from 64% to 36.4% over the past 5 years.

Debt Coverage: CPIA's debt is well covered by operating cash flow (91.1%).

Interest Coverage: CPIA's interest payments on its debt are well covered by EBIT (55.2x coverage).


Balance Sheet


Dividend

What is ChipMOS TECHNOLOGIES current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


8.96%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: CPIA's dividend (8.96%) is higher than the bottom 25% of dividend payers in the German market (1.4%).

High Dividend: CPIA's dividend (8.96%) is in the top 25% of dividend payers in the German market (4.31%)


Stability and Growth of Payments

Stable Dividend: CPIA has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: CPIA's dividend payments have increased, but the company has only paid a dividend for 7 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (58.7%), CPIA's dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its high cash payout ratio (143.4%), CPIA's dividend payments are not well covered by cash flows.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

6.9yrs

Average management tenure


CEO

Shih-Jye Cheng (63 yo)

24.83yrs

Tenure

Mr. Shih-Jye Cheng has been the President at Chipmos Technologies Inc. since July 17, 1997. Mr. Cheng served as the Chief Executive Officer of ChipMOS Technologies (Bermuda) Ltd. since August 2000 and serv...


Leadership Team

Experienced Management: CPIA's management team is seasoned and experienced (6.9 years average tenure).


Board Members

Experienced Board: CPIA's board of directors are not considered experienced ( 0.8 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

ChipMOS TECHNOLOGIES INC.'s employee growth, exchange listings and data sources


Key Information

  • Name: ChipMOS TECHNOLOGIES INC.
  • Ticker: CPIA
  • Exchange: DB
  • Founded: 1997
  • Industry: Semiconductors
  • Sector: Semiconductors
  • Implied Market Cap: NT$34.908b
  • Listing Market Cap: NT$1.104b
  • Shares outstanding: 727.24m
  • Website: https://www.chipmos.com

Number of Employees


Location

  • ChipMOS TECHNOLOGIES INC.
  • No. 1, R&D Road 1
  • Hsinchu Science Park
  • Hsinchu City
  • 300-092
  • Taiwan

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/23 00:00
End of Day Share Price2022/05/20 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.