company background image
8150

ChipMOS TECHNOLOGIESTWSE:8150 Stock Report

Last Price

NT$47.60

Market Cap

NT$34.6b

7D

-3.2%

1Y

27.8%

Updated

22 Jan, 2022

Data

Company Financials +
8150 fundamental analysis
Snowflake Score
Valuation5/6
Future Growth1/6
Past Performance5/6
Financial Health6/6
Dividends3/6

8150 Stock Overview

ChipMOS TECHNOLOGIES INC. researches, develops, manufactures, and sells high-integration and high-precision integrated circuits, and related assembly and testing services in Taiwan, Japan, Singapore, and internationally.

ChipMOS TECHNOLOGIES Competitors

ASE Technology Holding

TWSE:3711

NT$434.0b

Powertech Technology

TWSE:6239

NT$74.5b

King Yuan Electronics

TWSE:2449

NT$56.4b

Chipbond Technology

TPEX:6147

NT$51.0b

Price History & Performance

Summary of all time highs, changes and price drops for ChipMOS TECHNOLOGIES
Historical stock prices
Current Share PriceNT$47.60
52 Week HighNT$61.40
52 Week LowNT$32.65
Beta0.63
1 Month Change-1.04%
3 Month Change5.31%
1 Year Change27.79%
3 Year Change86.67%
5 Year Change63.79%
Change since IPO1.14%

Recent News & Updates

Shareholder Returns

8150TW SemiconductorTW Market
7D-3.2%-3.3%-2.6%
1Y27.8%4.3%13.0%

Return vs Industry: 8150 exceeded the TW Semiconductor industry which returned 4.3% over the past year.

Return vs Market: 8150 exceeded the TW Market which returned 13% over the past year.

Price Volatility

Is 8150's price volatile compared to industry and market?
8150 volatility
8150 Average Weekly Movement4.0%
Semiconductor Industry Average Movement5.8%
Market Average Movement4.3%
10% most volatile stocks in TW Market8.5%
10% least volatile stocks in TW Market1.7%

Stable Share Price: 8150 is not significantly more volatile than the rest of TW stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: 8150's weekly volatility (4%) has been stable over the past year.

About the Company

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

ChipMOS TECHNOLOGIES INC. researches, develops, manufactures, and sells high-integration and high-precision integrated circuits, and related assembly and testing services in Taiwan, Japan, Singapore, and internationally. The company 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?
8150 fundamental statistics
Market CapNT$34.62b
Earnings (TTM)NT$4.33b
Revenue (TTM)NT$26.92b

8.0x

P/E Ratio

1.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
8150 income statement (TTM)
RevenueNT$26.92b
Cost of RevenueNT$19.89b
Gross ProfitNT$7.03b
ExpensesNT$2.70b
EarningsNT$4.33b

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)5.95
Gross Margin26.10%
Net Profit Margin16.08%
Debt/Equity Ratio43.4%

How did 8150 perform over the long term?

See historical performance and comparison

Dividends

4.6%

Current Dividend Yield

37%

Payout Ratio

Valuation

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

42.3%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 8150 (NT$47.6) is trading below our estimate of fair value (NT$82.46)

Significantly Below Fair Value: 8150 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 8150 is good value based on its PE Ratio (8x) compared to the TW Semiconductor industry average (20.2x).

PE vs Market: 8150 is good value based on its PE Ratio (8x) compared to the TW market (16.9x).


Price to Earnings Growth Ratio

PEG Ratio: 8150 is poor value based on its PEG Ratio (1.3x)


Price to Book Ratio

PB vs Industry: 8150 is good value based on its PB Ratio (1.5x) compared to the TW 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?

6.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 8150's forecast earnings growth (6.3% per year) is above the savings rate (0.8%).

Earnings vs Market: 8150's earnings (6.3% per year) are forecast to grow slower than the TW market (9.7% per year).

High Growth Earnings: 8150's earnings are forecast to grow, but not significantly.

Revenue vs Market: 8150's revenue (5.9% per year) is forecast to grow slower than the TW market (10.1% per year).

High Growth Revenue: 8150's revenue (5.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 8150's Return on Equity is forecast to be low in 3 years time (19.2%).


Past Performance

How has ChipMOS TECHNOLOGIES performed over the past 5 years?

21.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 8150 has high quality earnings.

Growing Profit Margin: 8150's current net profit margins (16.1%) are higher than last year (9.9%).


Past Earnings Growth Analysis

Earnings Trend: 8150's earnings have grown significantly by 21.3% per year over the past 5 years.

Accelerating Growth: 8150's earnings growth over the past year (95.7%) exceeds its 5-year average (21.3% per year).

Earnings vs Industry: 8150 earnings growth over the past year (95.7%) exceeded the Semiconductor industry 65.9%.


Return on Equity

High ROE: 8150's Return on Equity (18.9%) is considered low.


Financial Health

How is ChipMOS TECHNOLOGIES's financial position?


Financial Position Analysis

Short Term Liabilities: 8150's short term assets (NT$15.1B) exceed its short term liabilities (NT$6.9B).

Long Term Liabilities: 8150's short term assets (NT$15.1B) exceed its long term liabilities (NT$9.6B).


Debt to Equity History and Analysis

Debt Level: 8150's net debt to equity ratio (18.2%) is considered satisfactory.

Reducing Debt: 8150's debt to equity ratio has reduced from 55.5% to 43.4% over the past 5 years.

Debt Coverage: 8150's debt is well covered by operating cash flow (73%).

Interest Coverage: 8150's interest payments on its debt are well covered by EBIT (48x coverage).


Balance Sheet


Dividend

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

4.62%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 8150's dividend (4.62%) is higher than the bottom 25% of dividend payers in the TW market (1.9%).

High Dividend: 8150's dividend (4.62%) is low compared to the top 25% of dividend payers in the TW market (5.08%).


Stability and Growth of Payments

Stable Dividend: 8150 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: 8150 has only been paying a dividend for 7 years, and since then payments have fallen.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (37%), 8150's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: 8150's dividends in 3 years are forecast to be covered by earnings (58.2% payout ratio).


Next Steps

Management

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

6.5yrs

Average management tenure


CEO

Shih-Jye Cheng (63 yo)

23.5yrs

Tenure

Mr. Shih-Jye Cheng has been the President at Chipmos Technologies Inc. since July 17, 1998. Mr. Cheng served as the Chief Executive Officer of ChipMOS Technologies (Bermuda) Ltd. since August 2000 and serv...


Leadership Team

Experienced Management: 8150's management team is seasoned and experienced (6.5 years average tenure).


Board Members

Experienced Board: 8150's board of directors are not considered experienced ( 0.5 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: 8150
  • Exchange: TWSE
  • Founded: 1997
  • Industry: Semiconductors
  • Sector: Semiconductors
  • Implied Market Cap: NT$34.617b
  • 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
  • Taiwan

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/22 08:33
End of Day Share Price2022/01/21 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


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.