Présentation de l'entreprise
Amkor Technology, Inc. delivers outsourced semiconductor packaging and test services across the United States, Japan, Europe, and the Asia Pacific regions, providing comprehensive turnkey solutions that encompass wafer bumping, probing, back-grinding, package design, assembly, burn-in testing, and system integration. The enterprise operates within the Technology sector, specifically classified under the Semiconductor Equipment & Materials industry, positioning it as a critical enabler for the broader electronics supply chain where specialized manufacturing capabilities are outsourced to third-party foundries. With a market capitalization of $12.99B, the company manages a workforce of 30,800 employees while generating $6.71B in annual revenue, indicating a substantial operational footprint. These valuation and revenue figures suggest that the market assigns significant weight to the company's role in the global semiconductor ecosystem, reflecting the high capital intensity and scale required to maintain multiple fabrication sites and advanced testing infrastructure. The size of the market cap relative to its revenue base implies that investors value not just its current production output, but its strategic location and technological capabilities within the competitive packaging landscape.
Santé financière
The company reported $6.71B in revenue and $373.90M in net income over the trailing twelve months, with an EBITDA of $1.11B, revealing a cost structure where operating expenses consume a significant portion of top-line growth before reaching the bottom line. The gap between the $6.71B revenue and the $373.90M net income highlights the capital-intensive nature of the semiconductor packaging business, where raw material costs, labor, and overhead heavily impact profitability. Free cash flow stands at $-114,932,128, indicating that the company is currently burning cash, which suggests limited financial flexibility for organic expansion or heavy capital expenditure in the short term without external financing. Gross margin sits at 14.0%, reflecting the high cost of goods sold relative to the value of packaged semiconductors sold to clients. Operating margin is recorded at 9.8%, while profit margin reaches 5.6%, illustrating that for every dollar of revenue, the company retains approximately 5.6 cents as profit after all expenses. The balance sheet shows $1.99B in cash against $1.67B in debt, resulting in a debt-to-equity ratio of 36.97, which points to a leveraged balance sheet where debt obligations are substantial relative to equity. Despite the leverage, the current ratio of 2.27 indicates robust short-term liquidity, suggesting the company holds sufficient current assets to cover its current liabilities with a comfortable margin. Return on Equity is 8.7% and Return on Assets is 3.9%, metrics that reveal management's effectiveness in generating returns on shareholder capital and utilizing the asset base, respectively, though these returns are modest compared to the high leverage employed.
Évaluation de la valorisation
The trailing twelve-month P/E ratio is 34.95, while the forward P/E is 22.86, a significant divergence that implies the market expects earnings to grow substantially in the coming year to justify the lower multiple on future projections. The price-to-book ratio stands at 2.90, indicating that the market values the company at nearly three times its book value, suggesting a premium assigned to its intangible assets, market position, and future growth potential rather than just its tangible net worth. The price-to-sales ratio is 1.94, and the EV/EBITDA multiple is 11.43, offering alternative perspectives that show investors are willing to pay a moderate premium for sales volume and earnings before interest, taxes, depreciation, and amortization relative to industry peers. The stock has traded between a 52-week low of $14.59 and a 52-week high of $57.09, and without the current real-time price, the exact trading position relative to this range cannot be calculated, though the wide range demonstrates significant volatility within the fiscal year. The beta value is 1.95, meaning the stock is expected to be nearly twice as volatile as the broader market, exposing investors to amplified price swings during periods of market stress or gain. This high beta confirms that the security is a high-risk instrument that correlates strongly with market movements but with greater magnitude.
Growth & Income
Revenue growth year over year is 15.9%, while earnings growth year over year is 61.0%, demonstrating that profitability is expanding at a much faster pace than top-line sales, likely driven by margin expansion or one-time gains. This disparity suggests that the company is becoming more efficient or that product mix improvements are enhancing the bottom line significantly faster than revenue is increasing. As a dividend payer, the company offers a dividend yield of 0.6% with a payout ratio of 22.1%, indicating that the payout is highly sustainable given the low percentage of earnings distributed to shareholders. The low payout ratio leaves ample room for the company to retain earnings for reinvestment, share buybacks, or debt reduction without jeopardizing dividend sustainability. The overall growth and income profile reflects a company in a turnaround or expansion phase where capital is prioritized for operational scaling and earnings accretion rather than maximizing current dividend distributions, supported by the high earnings growth rate that outpaces revenue growth.