NasdaqGS:AMKR

Stock Analysis Report

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Executive Summary

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


Snowflake Analysis

Solid track record with excellent balance sheet.


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

-4.2%

AMKR

2.8%

US Semiconductor

2.5%

US Market


1 Year Return

45.6%

AMKR

45.4%

US Semiconductor

16.3%

US Market

Return vs Industry: AMKR exceeded the US Semiconductor industry which returned 44.8% over the past year.

Return vs Market: AMKR exceeded the US Market which returned 15.4% over the past year.


Shareholder returns

AMKRIndustryMarket
7 Day-4.2%2.8%2.5%
30 Day4.5%4.3%5.6%
90 Day28.5%18.5%16.4%
1 Year45.6%45.6%48.2%45.4%18.8%16.3%
3 Year49.1%49.1%93.9%83.5%45.1%35.7%
5 Year192.6%192.6%221.8%190.2%75.8%56.8%

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?

11.49x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: AMKR ($13.41) is trading above our estimate of fair value ($2.28)

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 (11.8x) compared to the US Semiconductor industry average (38.6x).

PE vs Market: AMKR is good value based on its PE Ratio (11.8x) compared to the US market (18.5x).


Price to Earnings Growth Ratio

PEG Ratio: AMKR is poor value based on its PEG Ratio (2.3x)


Price to Book Ratio

PB vs Industry: AMKR is good value based on its PB Ratio (1.5x) compared to the US Semiconductor industry average (3.5x).


Next Steps

Future Growth

How is Amkor Technology forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

5.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: AMKR's forecast earnings growth (5% per year) is above the savings rate (2.2%).

Earnings vs Market: AMKR's earnings (5% per year) are forecast to grow slower than the US market (22.6% per year).

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

Revenue vs Market: AMKR's revenue (5% per year) is forecast to grow slower than the US market (9.4% per year).

High Growth Revenue: AMKR's revenue (5% 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 (11.2%).


Next Steps

Past Performance

How has Amkor Technology performed over the past 5 years?

14.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: AMKR has high quality earnings.

Growing Profit Margin: AMKR's current net profit margins (5.9%) are higher than last year (1.3%).


Past Earnings Growth Analysis

Earnings Trend: AMKR's earnings have grown by 14.2% per year over the past 5 years.

Accelerating Growth: AMKR's earnings growth over the past year (418.1%) exceeds its 5-year average (14.2% per year).

Earnings vs Industry: AMKR earnings growth over the past year (418.1%) exceeded the Semiconductor industry -3.1%.


Return on Equity

High ROE: AMKR's Return on Equity (13%) 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 ($2.3B) exceed its short term liabilities ($1.3B).

Long Term Liabilities: AMKR's short term assets ($2.3B) exceed its long term liabilities ($1.7B).


Debt to Equity History and Analysis

Debt Level: AMKR's debt to equity ratio (73%) is considered high.

Reducing Debt: AMKR's debt to equity ratio has reduced from 127.3% to 73% over the past 5 years.

Debt Coverage: AMKR's debt is well covered by operating cash flow (41.2%).

Interest Coverage: AMKR's interest payments on its debt are well covered by EBIT (6.2x coverage).


Balance Sheet


Next Steps

Dividend

What is Amkor Technology 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 recent payouts.

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

1.3yrs

Average management tenure


CEO

Giel Rutten (63 yo)

0.17

Tenure

US$1,664,985

Compensation

Mr. Giel Rutten serves as President, Chief Executive Officer and Director at Amkor Technology, Inc. since June 2020 and served as its Executive Vice President since February 2020 until June 2020. Mr. Rutte ...


CEO Compensation Analysis

Compensation vs Market: Giel's total compensation ($USD1.66M) is below average for companies of similar size in the US market ($USD5.74M).

Compensation vs Earnings: Giel's compensation has increased by more than 20% in the past year.


Leadership Team

NamePositionTenureCompensationOwnership
James Kim
Executive Chairman of the Board10.83yrsUS$2.87m30.23%
$ 950.0m
Giel Rutten
President0.17yrUS$1.66mno data
Megan Faust
Executive VP & CFO3.92yrsUS$1.33m0.0030%
$ 94.0k
Mark Rogers
Executive VP1.17yrsUS$1.64m0.0010%
$ 32.7k
John Stone
Executive VP & Chief Sales Officer0.58yrUS$1.62m0.011%
$ 351.7k
Stephen Kelley
Consultantno dataUS$4.30m0.12%
$ 3.7m
Vincent Keenan
Vice President of Investor Relationsno datano datano data
YoungKuk Park
Executive VP of Worldwide Manufacturing Operations & President of Amkor Technology Korea1.42yrsno data0.00081%
$ 25.5k
Mike Liang
President of Taiwan Operations8.42yrsno datano data

1.3yrs

Average Tenure

61yo

Average Age

Experienced Management: AMKR's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
James Kim
Executive Chairman of the Board10.83yrsUS$2.87m30.23%
$ 950.0m
Giel Rutten
President0.17yrUS$1.66mno data
Winston Churchill
Lead Independent Director7yrsUS$281.01k0.011%
$ 333.4k
Douglas Alexander
Independent Director2.5yrsUS$222.01k0.0083%
$ 260.5k
Roger Carolin
Independent Director14.5yrsUS$257.01k0.015%
$ 475.2k
Susan Kim
Vice Chairman of the Board0.25yrUS$198.01k16.87%
$ 530.3m
Robert Morse
Independent Director7.5yrsUS$227.01k0.019%
$ 605.3k
David Watson
Independent Director6yrsUS$212.01k0.015%
$ 475.2k
Gil Tily
Director1.17yrsUS$913.50k0.040%
$ 1.3m
Maryfrances McCourt
Independent Director2.5yrsUS$226.01k0.016%
$ 494.7k
Daniel Liao
Independent Director1.25yrsUS$192.51k0.0059%
$ 186.4k

2.5yrs

Average Tenure

64yo

Average Age

Experienced Board: AMKR's board of directors are not considered experienced ( 2.5 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.


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$3.143b
  • Shares outstanding: 241.37m
  • 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

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 semiconducto ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/08 23:50
End of Day Share Price2020/08/07 00:00
Earnings2020/06/30
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.