ChipMOS Technologies provides assembly and test services to a broad range of customers, including leading fabless semiconductor companies, integrated device manufacturers and independent semiconductor foundries. The company was founded in 1986 and is based in Hsinchu, Taiwan.
IMOS Price Forecast Based on DCF Valuation
DCF Fair Value Target:
Below please find a table outlining a discounted cash flow forecast for IMOS, in which we model out valuation assuming a variety of terminal growth rates. To summarize, we found that Chipmos Technologies Inc ranked in the 93th percentile in terms of potential gain offered. Specifically, our DCF analysis implies the stock is trading below its fair value by an estimated 3432%. The most interesting components of our discounted cash flow analysis for Chipmos Technologies Inc ended up being:
The company's balance sheet shows it gets 60% of its capital from equity, and 40% of its capital from debt. Notably, its equity weight is greater than merely 10.37% of US equities in the Technology sector yielding a positive free cash flow.
Chipmos Technologies Inc's weighted average cost of capital (WACC) is 7%; for context, that number is higher than only 3.06% of tickers in our DCF set.
IMOS's estimated cost of debt, based largely on its market capitalization and its interest coverage ratio, is 2%; for context, that number is higher than only 3.06% of tickers in our DCF set.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
ZMTP, EXFO, III, TRCK, and CAJ can be thought of as valuation peers to IMOS, in the sense that they are in the Technology sector and have a similar price forecast based on DCF valuation.
ChipMOS Technologies (IMOS) reports August revenue of NT$1.9B up 0.8%M/M and down 0.5% Y/Y.The Company benefited from increased DDIC and bumping demand driven by new HD-grade smartphone models, along with large- and mid-size panels to meet TDDI, TV, notebook tablet growth, respectively....
ChipMOS TECHNOLOGIES INC. ("ChipMOS" or the "Company") (Taiwan Stock Exchange: 8150 and NASDAQ: IMOS), an industry leading provider of outsourced semiconductor assembly and test services ("OSAT"), today announced that it plans to report financial results for the second quarter 2020 after the close of trading on the Taiwan Stock Exchange and before the open of the NASDAQ Stock Market on Tuesday, August 11, 2020.
ChipMOS TECHNOLOGIES INC. ("ChipMOS" or the "Company") (Taiwan Stock Exchange: 8150 and NASDAQ: IMOS), an industry leading provider of outsourced semiconductor assembly and test services ("OSAT"), today reported its unaudited consolidated revenue for the month of June 2020 and for the second quarter ended June 30, 2020. All U.S. dollar figures cited in this press release are based on the exchange rate of NT$29.44 to US$1.00 as of June 30, 2020.