NasdaqGS:AMKR

Stock Analysis Report

Executive Summary

Amkor Technology, Inc. provides outsourced semiconductor packaging and test services in the United States and internationally.


Snowflake Analysis

Excellent balance sheet and fair value.


Similar Companies

Share Price & News

How has Amkor Technology's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: AMKR's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

24.2%

AMKR

10.5%

US Semiconductor

9.4%

US Market


1 Year Return

0.7%

AMKR

8.8%

US Semiconductor

-6.8%

US Market

Return vs Industry: AMKR underperformed the US Semiconductor industry which returned 8.8% over the past year.

Return vs Market: AMKR exceeded the US Market which returned -6.8% over the past year.


Shareholder returns

AMKRIndustryMarket
7 Day24.2%10.5%9.4%
30 Day6.1%0.8%-3.9%
90 Day-27.8%-10.2%-16.5%
1 Year0.7%0.7%11.0%8.8%-4.8%-6.8%
3 Year-15.8%-15.8%68.4%59.1%23.4%15.2%
5 Year10.0%10.0%119.6%98.5%41.3%25.7%

Price Volatility Vs. Market

How volatile is Amkor Technology's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Amkor Technology undervalued compared to its fair value and its price relative to the market?

18.19x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: AMKR ($9.18) is trading above our estimate of fair value ($2.64)

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


Price To Earnings Ratio

PE vs Industry: AMKR is good value based on its PE Ratio (18.2x) compared to the Semiconductor industry average (28.5x).

PE vs Market: AMKR is poor value based on its PE Ratio (18.2x) compared to the US market (13.6x).


Price to Earnings Growth Ratio

PEG Ratio: AMKR is good value based on its PEG Ratio (0.8x)


Price to Book Ratio

PB vs Industry: AMKR is good value based on its PB Ratio (1.1x) compared to the US Semiconductor industry average (2.4x).


Next Steps

Future Growth

How is Amkor Technology forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

24.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: AMKR's forecast earnings growth (24% per year) is above the savings rate (1.7%).

Earnings vs Market: AMKR's earnings (24% per year) are forecast to grow faster than the US market (11.4% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: AMKR's revenue (6.4% per year) is forecast to grow slower than the US market (6.9% per year).

High Growth Revenue: AMKR's revenue (6.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: AMKR's Return on Equity is forecast to be low in 3 years time (8.7%).


Next Steps

Past Performance

How has Amkor Technology performed over the past 5 years?

7.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: AMKR has high quality earnings.

Growing Profit Margin: AMKR's current net profit margins (3%) are higher than last year (2.9%).


Past Earnings Growth Analysis

Earnings Trend: AMKR's earnings have grown by 7.7% per year over the past 5 years.

Accelerating Growth: AMKR's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: AMKR had negative earnings growth (-4.9%) over the past year, making it difficult to compare to the Semiconductor industry average (-28.3%).


Return on Equity

High ROE: AMKR's Return on Equity (6.2%) is considered low.


Next Steps

Financial Health

How is Amkor Technology's financial position?


Financial Position Analysis

Short Term Liabilities: AMKR's short term assets ($2.0B) exceed its short term liabilities ($1.1B).

Long Term Liabilities: AMKR's short term assets ($2.0B) exceed its long term liabilities ($1.6B).


Debt to Equity History and Analysis

Debt Level: AMKR's debt to equity ratio (72.9%) is considered high.

Reducing Debt: AMKR's debt to equity ratio has reduced from 135.3% to 72.9% over the past 5 years.

Debt Coverage: AMKR's debt is well covered by operating cash flow (38.9%).

Interest Coverage: AMKR's interest payments on its debt are well covered by EBIT (3.6x coverage).


Balance Sheet


Next Steps

Dividend

What is Amkor Technology's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate AMKR's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate AMKR's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if AMKR's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if AMKR's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of AMKR's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

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

3.6yrs

Average management tenure


CEO

Steve Kelley (57yo)

6.92s

Tenure

US$3,919,422

Compensation

Mr. Stephen D. Kelley, also known as Steve, has been the Chief Executive Officer and President of Amkor Technology, Inc. since May 8, 2013. Mr. Kelley serves as the President and Chief Executive Officer at ...


CEO Compensation Analysis

Compensation vs Market: Steve's total compensation ($USD3.92M) is about average for companies of similar size in the US market ($USD4.68M).

Compensation vs Earnings: Steve's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
James Kim
Executive Chairman of the Board10.5yrsUS$1.51m31.44% $695.5m
Stephen Kelley
President6.92yrsUS$3.92m0.12% $2.7m
John Kim
Executive Vice Chairman of the Board7.25yrsUS$687.77k0.72% $15.9m
Megan Faust
Executive VP & CFO3.58yrsUS$681.80k0.0030% $66.1k
John Stone
Executive Vice President of North America/Europe Sales & Marketing Communications0.25yrUS$888.60k0.011% $247.8k
Giel Rutten
Executive Vice President of Amkor Singapore6.25yrsUS$899.84kno data
Vincent Keenan
Vice President of Investor Relationsno datano datano data
Mark Rogers
Executive VP0.83yrno data0.0010% $23.0k
YoungKuk Park
Executive Vice President of Worldwide Manufacturing Operations1yrno data0.00081% $17.9k
Mike Liang
President of Taiwan Operations8.08yrsno datano data

3.6yrs

Average Tenure

57yo

Average Age

Experienced Management: AMKR's management team is considered experienced (3.6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
James Kim
Executive Chairman of the Board10.5yrsUS$1.51m31.44% $695.5m
Stephen Kelley
President6.92yrsUS$3.92m0.12% $2.7m
John Kim
Executive Vice Chairman of the Board7.25yrsUS$687.77k0.72% $15.9m
Winston Churchill
Lead Independent Director6.67yrsUS$266.69k0.0081% $179.0k
Roger Carolin
Independent Director14.17yrsUS$231.69k0.013% $278.7k
Susan Kim
Director5.17yrsUS$183.69k18.09% $400.1m
Robert Morse
Independent Director7.17yrsUS$215.69k0.017% $370.5k
David Watson
Independent Director5.67yrsUS$208.69k0.013% $278.7k
Gil Tily
Director0.83yrUS$1.03m0.038% $839.1k
Maryfrances McCourt
Independent Director2.17yrsUS$234.60k0.013% $292.7k

6.8yrs

Average Tenure

62yo

Average Age

Experienced Board: AMKR's board of directors are considered experienced (6.8 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: AMKR insiders have sold more shares than they have bought in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

Company Information

Amkor Technology, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Amkor Technology, Inc.
  • Ticker: AMKR
  • Exchange: NasdaqGS
  • Founded: 1968
  • Industry: Semiconductor Equipment
  • Sector: Semiconductors
  • Market Cap: US$2.212b
  • Shares outstanding: 241.11m
  • Website: https://www.amkor.com

Number of Employees


Location

  • Amkor Technology, Inc.
  • 2045 East Innovation Circle
  • Tempe
  • Arizona
  • 85284
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
AMKRNasdaqGS (Nasdaq Global Select)YesCommon SharesUSUSDMay 1998
AMKDB (Deutsche Boerse AG)YesCommon SharesDEEURMay 1998
AMKBRSE (Berne Stock Exchange)YesCommon SharesCHCHFMay 1998

Biography

Amkor Technology, Inc. provides outsourced semiconductor packaging and test services in the United States and internationally. The company offers turnkey packaging and test services, including semiconductor wafer bumps, wafer probes, wafer back-grinds, package design, packaging, and test and drop shipment services. Its packages employ wirebond, flip chip, copper clip, and other interconnect technologies. The company also provides semiconductor testing services, such as wafer and final test services; flip chip scale package products for use in smartphones, tablets, and other mobile consumer electronic devices; flip chip stacked chip scale packages that are used to stack memory, and as applications processors in mobile devices; and flip chip ball grid array products for various networking, storage, computing, and consumer applications. In addition, it offers wafer-level CSP packages used in power management, transceivers, sensors, wireless charging, codecs, and specialty silicon; wafer-level fan-out packages used in ICs; and silicon wafer integrated fan-out technology, which replaces a laminate substrate with a thinner structure. Further, the company provides lead frame packages that are used in electronic devices for low to medium pin count applications; substrate-based wirebond packages, which are used to connect a die to a substrate; micro-electro-mechanical systems (MEMS) packages that are miniaturized mechanical and electro-mechanical devices; and advanced system-in-package modules, which are used in radio frequency and front end modules, basebands, connectivity, fingerprint sensors, display and touch screen drivers, sensors and MEMS, and NAND memory and solid state drives. It primarily serves integrated device manufacturers, fabless semiconductor companies, original equipment manufacturers, and contract foundries. Amkor Technology, Inc. was founded in 1968 and is headquartered in Tempe, Arizona. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/04/10 08:31
End of Day Share Price2020/04/09 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.