Amkor Technology Intrinsic Value – AMKOR TECHNOLOGY Reports Record Q4 Earnings with USD 164.3M in Total Revenue and USD 1906.2M Net Income.
April 3, 2023
Earnings Overview
On February 13 2023, AMKOR TECHNOLOGY ($NASDAQ:AMKR) reported their FY2022 Q4 earnings results, showing a total revenue of USD 164.3 million and net income of USD 1906.2 million. Compared to the same period of last year, total revenue decreased by 24.1%, while net income increased by 10.5%.
Transcripts Simplified
Amkor Technology achieved record fourth quarter revenue of over $1.9 billion, driven by strong demand for premium tier smartphones utilizing its advanced SiP technology. Gross margin was 17.5%, and operating income was $225 million with an operating income margin of 11.8%. For the full year 2022, Amkor achieved $7.1 billion in revenue, gross profit of $1.3 billion, operating income of $897 million, net income of $766 million, and EPS over the $3 mark at $3.11. The company continued investing in its advanced packaging technology and began construction of its factory in Vietnam.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Amkor Technology. More…
| Total Revenues | Net Income | Net Margin |
| 7.09k | 765.82 | 10.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Amkor Technology. More…
| Operations | Investing | Financing |
| 1.1k | -1.01k | 55.6 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Amkor Technology. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 6.82k | 3.12k | 14.97 |
Key Ratios Snapshot
Some of the financial key ratios for Amkor Technology are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 20.5% | 57.4% | 12.9% |
| FCF Margin | ROE | ROA |
| 2.7% | 16.0% | 8.4% |
Stock Price
On Monday, AMKOR TECHNOLOGY reported record fourth quarter earnings with USD 164.3M in Total Revenue and USD 1906.2M in Net Income. The announcement sent the company’s stock surging to open at $27.7 and close at $27.3, however, this still represented a 1.2% decline from the last closing price of 27.6. The stellar earnings came on the back of strong performance from all of the company’s divisions.
Additionally, their semiconductor packaging and assembly solutions division achieved a 4% increase in overall revenues for the fourth quarter. This illustrates AMKOR TECHNOLOGY’s commitment to improving its financial stability and reducing its leverage exposure. Overall, the record Q4 earnings report showed that AMKOR TECHNOLOGY is continuing to make progress towards becoming a more profitable and competitive company. The strong performance of its various divisions and debt reduction plans further reinforce this positive outlook for the company. Live Quote…
Analysis – Amkor Technology Intrinsic Value
At GoodWhale, we performed an analysis of AMKOR TECHNOLOGY‘s fundamentals and concluded that the fair value of its share is around $23.6. This calculation was made using our proprietary Valuation Line. Currently, the stock is being traded at $27.3, which is a 15.7% premium over its fair value. Therefore, AMKOR TECHNOLOGY’s stock can be considered as being overvalued in the present market. More…
Peers
The competition in the semiconductor industry is fierce. Amkor Technology Inc is up against Unisem (M) Bhd, ASE Technology Holding Co Ltd, Vate Technology Corp Ltd, and many other companies. All of these companies are vying for a piece of the pie in an industry that is growing rapidly. The company has a strong market share and is well-positioned to continue its growth.
– Unisem (M) Bhd ($KLSE:5005)
Unisem (M) Bhd is a semiconductor assembly and test company. It has a market cap of 4.21B as of 2022. The company’s ROE is 6.97%. Unisem is involved in the assembly and testing of integrated circuits, semiconductor components, and other electronic devices. The company has operations in Malaysia, the Philippines, China, and the United States.
– ASE Technology Holding Co Ltd ($TWSE:3711)
The company’s market cap is 400.9B as of 2022 and its ROE is 23.11%. The company is engaged in the business of developing, manufacturing and selling semiconductor products.
– Vate Technology Corp Ltd ($TPEX:5344)
Vate Technology Corp Ltd is a publicly traded company with a market capitalization of 1.41 billion as of 2022. The company has a return on equity of 1.79%. Vate Technology Corp Ltd is a leading provider of technology solutions and services. The company offers a wide range of products and services including software development, web development, e-commerce solutions, and IT consulting.
Summary
Investors should take note of AMKOR TECHNOLOGY‘s impressive FY2022 Q4 performance. Despite a 24.1% decrease in total revenue year over year, the company saw a 10.5% increase in net income. With total revenue of USD 164.3 million and net income of USD 1906.2 million, investors should feel confident that AMKOR TECHNOLOGY has the fiscal strength to remain viable in the future. The company’s impressive performance should be reassuring to current and prospective investors alike.
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