NasdaqGS:AMKR

Stock Analysis Report

Executive Summary

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

Snowflake

Fundamentals

Adequate balance sheet with moderate growth potential.


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


Market Performance


7 Day Return

-0.2%

AMKR

1.8%

US Semiconductor

1.3%

US Market


1 Year Return

39.7%

AMKR

19.1%

US Semiconductor

5.9%

US Market

Return vs Industry: AMKR exceeded the US Semiconductor industry which returned 19.1% over the past year.

Return vs Market: AMKR exceeded the US Market which returned 5.9% over the past year.


Shareholder returns

AMKRIndustryMarket
7 Day-0.2%1.8%1.3%
30 Day6.8%-1.7%-1.9%
90 Day28.7%4.7%-1.8%
1 Year39.7%39.7%21.4%19.1%8.3%5.9%
3 Year4.4%4.4%80.0%69.3%45.6%36.2%
5 Year39.1%39.1%141.0%116.2%66.1%47.9%

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?

44.31x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Undervalued: AMKR ($9.74) is trading above our estimate of fair value ($2.1)

Significantly Undervalued: AMKR is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: AMKR is poor value based on its PE Ratio (44.3x) compared to the Semiconductor industry average (27.7x).

PE vs Market: AMKR is poor value based on its PE Ratio (44.3x) compared to the US market (17.5x).


Price to Earnings Growth Ratio

Low PEG Ratio: AMKR is good value based on its PEG Ratio (0.7x)


Price to Book Ratio

PB vs Industry: AMKR is good value based on its PB Ratio (1.3x) compared to the US Semiconductor industry average (2.7x).


Next Steps

Future Growth

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

63.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: AMKR's forecast earnings growth (63.1% per year) is above the savings rate (2.7%).

Earnings vs Market: AMKR's earnings (63.1% per year) are forecast to grow faster than the US market (14.4% per year).

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

Revenue vs Market: AMKR's revenue (5.2% per year) is forecast to grow slower than the US market (7.3% per year).

High Growth Revenue: AMKR's revenue (5.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: AMKR's Return on Equity is forecast to be low in 3 years time (6.9%).


Next Steps

Past Performance

How has Amkor Technology performed over the past 5 years?

10.7%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: AMKR's earnings have grown by 10.7% 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 (-73.9%) over the past year, making it difficult to compare to the Semiconductor industry average (-6.2%).


Return on Equity

High ROE: AMKR's Return on Equity (3%) is considered low.


Return on Assets

ROA vs Industry: AMKR's Return on Assets is below or equal to the Semiconductor industry average last year.


Return on Capital Employed

ROCE Improving: AMKR has significantly improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

How is Amkor Technology's financial position?


Financial Position Analysis

Short Term Liabilities: AMKR's short term assets ($1.5B) exceeds its short term liabilities ($1.0B)

Long Term Liabilities: AMKR's short term assets (1.5B) exceeds its long term liabilities (1.4B)


Debt to Equity History and Analysis

Debt Level: AMKR's debt to equity ratio (71.4%) is considered high

Reducing Debt: AMKR's debt to equity ratio has reduced from 140.7% to 71.4% over the past 5 years.

Debt Coverage: AMKR's debt is well covered by operating cash flow (47.8%).

Interest Coverage: AMKR's interest payments on its debt are not well covered by EBIT (3x coverage).


Balance Sheet

Inventory Level: AMKR has a high level of physical assets or inventory.

Debt Coverage by Assets: AMKR's debt is covered by short term assets (assets are 1.156660x debt).


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%1.5%markettop25%3.8%industryaverage2.2%forecastin3Years0%

Current dividend yield vs market & industry


Stability and Growth of Payments

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.

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

What is the CEO of Amkor Technology's salary, the management and board of directors tenure and is there insider trading?

5.8yrs

Average management tenure


CEO

Steve Kelley (57yo)

6.4yrs

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 ($USD3.92M) is about average for companies of similar size in the US market ($USD4.07M).

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


Management Age and Tenure

5.8yrs

Average Tenure

59.5yo

Average Age

Experienced Management: AMKR's management team is seasoned and experienced (5.8 years average tenure).


Board Age and Tenure

6.3yrs

Average Tenure

62yo

Average Age

Experienced Board: AMKR's board of directors are considered experienced (6.3 years average tenure).


Insider Trading

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


Recent Insider Transactions

SellUS$164,62420 Feb 19
Winston Churchill
EntityIndividual
Role
Lead Director
Lead Independent Director
Shares17,476
Max PriceUS$9.42
BuyUS$949,00012 Dec 18
Stephen Kelley
EntityIndividual
Role
Chief Executive Officer
President
Shares150,000
Max PriceUS$6.33

Ownership Breakdown


Management Team

  • James Kim (83yo)

    Executive Chairman of the Board

    • Tenure: 10yrs
    • Compensation: US$1.51m
  • Mark Rogers (53yo)

    Executive VP

    • Tenure: 0.3yrs
  • John Kim (49yo)

    Executive Vice Chairman of the Board

    • Tenure: 6.8yrs
    • Compensation: US$687.77k
  • Giel Rutten (62yo)

    Executive Vice President of Advanced Products

    • Tenure: 5.8yrs
    • Compensation: US$899.84k
  • Gil Tily (65yo)

    Director

    • Tenure: 0.3yrs
    • Compensation: US$1.03m
  • Steve Kelley (57yo)

    President

    • Tenure: 6.4yrs
    • Compensation: US$3.92m
  • John Stone (62yo)

    Executive Vice President of Global Sales & Marketing

    • Tenure: 6.3yrs
    • Compensation: US$888.60k
  • Megan Faust (45yo)

    Corporate VP & CFO

    • Tenure: 3.1yrs
    • Compensation: US$681.80k
  • Vincent Keenan

    Vice President of Investor Relations

    • Tenure: 0yrs
  • YoungKuk Park

    Executive Vice President of Worldwide Manufacturing Operations

    • Tenure: 0.5yrs

Board Members

  • Win Churchill (79yo)

    Lead Independent Director

    • Tenure: 6.2yrs
    • Compensation: US$266.69k
  • Roger Carolin (63yo)

    Independent Director

    • Tenure: 13.7yrs
    • Compensation: US$231.69k
  • James Kim (83yo)

    Executive Chairman of the Board

    • Tenure: 10yrs
    • Compensation: US$1.51m
  • Susan Kim (56yo)

    Director

    • Tenure: 4.7yrs
    • Compensation: US$183.69k
  • Bob Morse (64yo)

    Independent Director

    • Tenure: 6.7yrs
    • Compensation: US$215.69k
  • Dave Watson (61yo)

    Independent Director

    • Tenure: 5.2yrs
    • Compensation: US$208.69k
  • John Kim (49yo)

    Executive Vice Chairman of the Board

    • Tenure: 6.8yrs
    • Compensation: US$687.77k
  • Gil Tily (65yo)

    Director

    • Tenure: 0.3yrs
    • Compensation: US$1.03m
  • Steve Kelley (57yo)

    President

    • Tenure: 6.4yrs
    • Compensation: US$3.92m
  • Maryfrances McCourt (57yo)

    Independent Director

    • Tenure: 1.7yrs
    • Compensation: US$234.60k

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$2.335b
  • Shares outstanding: 239.70m
  • 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 Analysis2019/10/14 23:31
End of Day Share Price2019/10/14 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.