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Chipmos Technologies Ltd (IMOS)
NASDAQ:IMOS
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ChipMOS Technologies
(NASDAQ:IMOS)
63Neutral
ChipMOS Technologies (IMOS) vs. S&P 500 (SPY)
Market Cap
$637.58M
Dividend Yield5.02%
Average Volume (3M)24.50K
Price to Earnings (P/E)13.9
Beta (1Y)0.65
Revenue Growth3.24%
EPS Growth-26.85%
CountryUS
Employees5,688
SectorTechnology
Sector Strength39
IndustrySemiconductors
Share Statistics
EPS (TTM)1.22
Shares Outstanding36,362,000
10 Day Avg. Volume27,881
30 Day Avg. Volume24,500
Financial Highlights & Ratios
PEG Ratio3.82
Price to Book (P/B)N/A
Price to Sales (P/S)1.04
Price to Cash Flow (P/CF)N/A
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
ChipMOS Technologies Business Overview & Revenue Model
Company DescriptionChipMOS TECHNOLOGIES INC. engages in the research, development, manufacture, and sale of high-integration and high-precision integrated circuits, and related assembly and testing services in Taiwan, People's Republic of China, Japan, Singapore, and internationally. It operates through Testing; Assembly; Testing and Assembly for LCD, OLED and other Display Panel Driver Semiconductors; Bumping; and Other segments. The company provides a range of back-end assembly and testing services, including engineering test, wafer probing, and final test of memory and logic/mixed-signal semiconductors, as well as leadframe-based and organic substrate-based package assembly services for memory and logic/mixed-signal semiconductors; and gold bumping, reel to reel assembly, and test services for LCD and other panel display driver semiconductors. Its semiconductors are used in personal computers; graphics applications, such as game consoles; communications equipment; mobile products comprising cellular handsets, tablets, and consumer electronic products; and automotive/industry and display applications, such as display panels. The company was incorporated in 1997 and is headquartered in Hsinchu, Taiwan.
How the Company Makes MoneyChipMOS Technologies generates revenue through its semiconductor assembly and testing services. The company's primary revenue streams include fees charged for wafer probing, packaging, and final testing of semiconductor devices. These services are critical for the quality assurance and reliability of semiconductor components used in various electronic products. ChipMOS's earnings are influenced by its ability to secure contracts with major semiconductor companies and maintain long-term partnerships. The company also benefits from industry trends such as increased demand for advanced packaging solutions and growth in consumer electronics, automotive, and telecommunications sectors, which drive the need for its specialized services.
ChipMOS Technologies Financial Statement Overview
Summary
ChipMOS Technologies exhibits a stable financial footing with moderate growth in revenues and solid cash generation capabilities. There are challenges in maintaining profit margins and maximizing asset efficiency, but the company maintains a healthy equity position and efficient cash generation.Income Statement
ChipMOS Technologies demonstrates a solid revenue growth trajectory with a recent increase to 22,695.9 million. However, gross profit margins have declined from historical values, currently at 12.97%, indicating pressure on cost management. The net profit margin is at a moderate 6.26%, impacted by decreased net income. EBIT and EBITDA margins are also under pressure, reflecting operational challenges.75
Positive
Balance Sheet
The company's balance sheet shows a healthy equity position with a debt-to-equity ratio of 0.60, indicating moderate leverage. Return on Equity (ROE) is at 5.66%, highlighting average profitability relative to shareholder equity. The equity ratio is at a stable 55.24%, suggesting a strong asset base relative to liabilities, though improvements in asset utilization could enhance returns.68
Positive
Cash Flow
ChipMOS Technologies maintains a strong operating cash flow with a significant free cash flow, although it has seen a decline compared to the previous year. The operating cash flow to net income ratio suggests efficient cash generation from operations. However, careful management of capital expenditure is essential to ensure sustainable free cash flow levels.72
Positive
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 22.70B | 21.36B | 23.52B | 27.40B | 23.01B | Gross Profit |
| 2.94B | 3.55B | 4.91B | 7.25B | 5.03B | EBIT |
| 1.27B | 1.91B | 3.22B | 5.56B | 3.57B | EBITDA |
| 5.83B | 7.09B | 8.92B | 10.79B | 7.31B | Net Income Common Stockholders |
| 1.42B | 1.97B | 3.44B | 4.94B | 2.38B |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 15.33B | 12.44B | 10.12B | 6.30B | 4.37B | Total Assets |
| 45.38B | 46.16B | 44.94B | 42.52B | 35.08B | Total Debt |
| 15.15B | 15.98B | 14.89B | 11.00B | 8.61B | Net Debt |
| -64.14M | 3.62B | 4.99B | 5.09B | 4.49B | Total Liabilities |
| 20.31B | 21.40B | 20.30B | 18.14B | 14.36B | Stockholders Equity |
| 25.07B | 24.76B | 24.64B | 24.39B | 20.72B |
| Cash Flow | Free Cash Flow | |||
| 859.43M | 3.53B | 3.92B | 1.44B | 1.98B | Operating Cash Flow |
| 5.94B | 6.61B | 8.62B | 7.32B | 5.94B | Investing Cash Flow |
| -615.11M | -3.09B | -5.06B | -6.02B | -3.80B | Financing Cash Flow |
| -2.48B | -1.06B | 416.89M | 494.44M | -2.72B |
ChipMOS Technologies Technical Analysis
Negative
16.58
Price Trends
19.01
Negative
19.13
Negative
21.43
Negative
Market Momentum
-0.39
Positive
31.47
Neutral
22.49
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IMOS, the sentiment is Negative. The current price of 16.58 is below the 20-day moving average (MA) of 18.01, below the 50-day MA of 19.01, and below the 200-day MA of 21.43, indicating a bearish trend. The MACD of -0.39 indicates Positive momentum. The RSI at 31.47 is Neutral, neither overbought nor oversold. The STOCH value of 22.49 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IMOS.
ChipMOS Technologies Risk Analysis
ChipMOS Technologies disclosed 42 risk factors in its most recent earnings report. ChipMOS Technologies reported the most risks in the “Finance & Corporate” category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
ChipMOS Technologies Peers Comparison
Overall Rating
UnderperformOutperform
Sector (57)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | $82.50B | 26.11 | 96.81% | 1.01% | 12.19% | 20.80% | |
73 Outperform | $12.13B | 22.61 | 20.29% | 0.64% | 5.52% | 16.59% | |
68 Neutral | $19.52B | 19.20 | 10.32% | 2.80% | -0.62% | -1.08% | |
67 Neutral | $14.99B | 9.79 | 18.97% | ― | -14.19% | -27.42% | |
65 Neutral | $3.91B | 11.09 | 8.73% | 2.04% | -2.85% | -1.90% | |
63 Neutral | $637.58M | 13.88 | 5.63% | 5.02% | 3.24% | -26.85% | |
57 Neutral | $20.94B | 10.43 | -13.41% | 2.52% | 4.53% | -23.34% |
* Technology Sector Average
Performance Comparison
IMOS
ChipMOS Technologies
16.58
-13.04
-44.02%
ASX
ASE Technology Holding Co
8.20
-2.68
-24.63%
AMKR
Amkor
15.84
-14.15
-47.18%
KLAC
KLA
620.82
-55.98
-8.27%
ON
ON Semiconductor
35.56
-33.76
-48.70%
TER
Teradyne
75.09
-31.75
-29.72%
ChipMOS Technologies Earnings Call Summary
Earnings Call Date: Feb 25, 2025 | % Change Since: -19.40% | Next Earnings Date: May 7, 2025
Earnings Call Sentiment Negative
The earnings call highlighted revenue growth and successful product developments, such as the OLED project and low-cost silver alloy bump solution. However, these positives were overshadowed by significant declines in net profit and operating margins, primarily due to foreign exchange impacts and lower utilization rates.Highlights
Revenue and Growth
Q3 revenue increased 4.4% compared to Q2 2024 and was up 8.7% year-over-year.
Memory Product Performance
Memory products represented 36.3% of total Q3 revenue, with a 16.2% year-over-year increase.
OLED Project Growth
OLED revenue grew to 26.3% of Q3 DDIC revenue, up 9.2% compared to Q2 2024.
Low-Cost Silver Alloy Bump Solution
Successfully passed reliability test for small and medium-sized panels, with interest from overseas and domestic customers.
Lowlights
Net Profit Decline
Net profit attributable to the company decreased 33.6% compared to Q2 2024, and 48.4% compared to Q3 2023, primarily due to adverse foreign exchange impacts.
Gross Margin and Operating Profit Margin Decline
Gross margin decreased by 2.0 percentage points year-over-year to 13.9%, and operating profit margin decreased by 1.8 percentage points year-over-year.
Inventory and Utilization Challenges
Overall utilization rate decreased to 67% in Q3 2024, with Assembly UT decreasing to 58% due to customer inventory adjustments.
Foreign Exchange Impact
Net non-operating expenses increased due to foreign exchange losses, significantly impacting profitability.
Company Guidance
During the ChipMOS Third Quarter 2024 Results Conference Call, the company reported a 4.4% revenue increase compared to Q2 2024 and an 8.7% year-over-year increase. The gross profit rose by 3.4% quarter-over-quarter, while the gross margin remained flat at 13.9%, a decline of 200 basis points compared to Q3 2023. The company's net earnings for Q3 2024 were NT$ 0.41 per share, with a return on equity of 4.9%. Despite a reduction in overall utilization rates from 69% in Q2 to 67% in Q3, the business saw gains in specific areas such as OLED project production and NOR Flash, which grew by 9% compared to the prior quarter. The company has implemented strategic measures including capital allocation to enhance operating leverage and efficiency. CapEx for 2024 is anticipated to be between 20% to 25% of revenue, with depreciation expected to increase by 3% to 4% quarterly through Q1 2025. The outlook for Q4 is cautious due to market headwinds, with a focus on improving utilization rates and product mix to sustain profitability amidst ongoing customer inventory adjustments.Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.