Amkor Technology, Inc.

AMKR Technology Semiconductor Equipment & Materials

Amkor Technology, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $6.7 billion, up 6.18% from fiscal 2024.

Revenue
+0.18%
EPS
+50.9%
Free cash flow
+20.7%
Total debt
+36.2%

Quarter to September 2026, against a year earlier

32.70 2.21 +7.25%
Market cap
$7.6B
P/E
12.4×
Fwd P/E
15.8×
Dividend yield
1.08%
F-score
4/9
Altman Z
3.40
Beneish M
−2.58
Dividend safety
74/100

Amkor Technology, Inc. (AMKR) valuation and DCF model

What the price implies · reverse DCF

At $32.70 the price implies revenue of $8.90 billion by year ten, growing 1.8% a year, at a 10% free-cash-flow margin then.

Free cash flow after share-based pay grew 15.2% a year over the last ten years, 2.9% over the last five.

In December 2017 the price assumed 1.6% a year; Amkor Technology, Inc. went on to grow free cash flow after share-based pay 4.1% a year to FY2025.

Price implies
1.8%
Last 5 years, reported
2.9%
Last 10 years, reported
15.2%

The headline discounts the last twelve months’ free cash flow after share-based pay at 9.0% for ten years and grows it 2.5% a year after that, the same for every company, so the figure compares across the market (how a reverse DCF works).

The other way round · DCF
The price needs
1.8% a year for ten years
$32.70
today’s price
Its base case
8.8% a year for five years, then 5.3%
$52.70
61.2% above today’s price

Both are growth in revenue, discounted at 9.0%, with 2.5% a year after year ten.

Base case on its own ten-year record Amkor Technology, Inc.’s own growth, carried forward

Its assumptions

Powerpack lets you start from a scenario and type over any of them.

The base case’s inputs, which Powerpack lets you change
1 · Revenue and margin
the four quarters to September 2026, from the 10-Q and 10-K filings

Yearly growth in revenue. It usually slows as the company matures.

2 · Rates

Cost of equity is the yearly return shareholders require, typically 8–11%. Terminal growth is growth forever after year 10, usually near long-run inflation, 2–3%.

3 · Per share

Diluted shares outstanding. Net debt, under Advanced inputs, is taken off before dividing.

Advanced inputs
negative is net cash
new shares the cash flow does not pay for

Against Amkor Technology, Inc.’s own cost of capital: risk-free 4.3% + beta 2.39 × equity premium 4.5% = 15.1% cost of equity; weighted, 15.1%.

Use 15.1%
Equity value $13.14b ▲ above market cap $8.15b
Base case value per share $52.70 equity value ÷ 249.38m shares
Current price $32.70 market price per share
Above today’s price 61.2% upside at the base case’s assumptions

How we got there$3.43b 10 years of cash to equity+$9.80b terminal value−$87.43m net debt=$13.14b equity value÷249.38m shares=$52.70 per share

Valuation against its own history

Today’s multiple against its 5- and 10-year averages and the industry median (Semiconductor Equipment & Materials).

Multiple Current 5Y avg 10Y avg vs 10Y avg Industry median vs industry 10Y range
P/E 12.40× 17.29× 15.44× 20% below 33.70× 63% below
P/FCF — 23.02× 20.75× — 31.49× —
P/B 1.59× 1.78× 1.63× 3% below 2.94× 46% below
EV/EBITDA 5.49× 6.05× 4.97× 10% above 22.64× 76% below
EV/Sales 1.04× 1.07× 0.93× 12% above 4.97× 79% below
13.75×19.54×25.32×31.11×10Y avg 20.75×2016201720182019202020212022202320242025

P/FCF has no reading today; its 10-year average is 20.75×.

Every growth rate on this page is the business’s — its cash flow, FFO or dividend — never its share price’s. A discounted-cash-flow model is only as good as its assumptions. Figures from the 10-K and 10-Q filings. Not investment advice.