Ambiq Micro, Inc. (AMBQ) vs Chipmos Technologies (IMOS)

Ambiq Micro, Inc. and Chipmos Technologies are both Semiconductors companies. Chipmos Technologies is the larger, with a market value of $2.4B against $1.7B — 1.5× the size. Ambiq Micro, Inc. has negative trailing earnings, so its P/E is not meaningful; Chipmos Technologies trades at 34.9×. Ambiq Micro, Inc. grew revenue faster over the last twelve months: 32.0% against 24.0%. Chipmos Technologies has the higher net margin (8.56% vs −37.8%) and the higher return on invested capital (5.50% vs −70.0%). Across the 17 metrics below, Chipmos Technologies leads on 12 and Ambiq Micro, Inc. on 5.

Valuation

Metric AMBQ IMOS Semiconductors median
P/E n/m 34.89 49.41
P/S 15.50 2.92 8.58
P/B 3.75 3.19 5.49
Price to free cash flow n/m n/m 47.02
EV/EBITDA n/m 11.13 30.78
EV/Sales 11.76 3.04 8.79
Earnings yield (3.04%) 2.87% 0.62%
Free cash flow yield (2.64%) (0.11%) 0.59%

Profitability

Metric AMBQ IMOS Semiconductors median
Gross margin 43.62% 14.72% 52.25%
Operating margin (43.34%) 9.13% 4.85%
Net margin (37.77%) 8.56% 4.77%
Free cash flow margin (40.89%) (0.31%) 8.65%
Return on equity (75.94%) 9.55% 3.11%
Return on assets (14.09%) 5.08% 1.91%
Return on invested capital (69.96%) 5.50% 2.46%

Growth

Metric AMBQ IMOS Semiconductors median
Revenue growth (TTM) 32.04% 23.98% 16.66%
EPS growth (last fiscal year) 95.98% (62.71%) —
Revenue growth, 5-year CAGR — (1.42%) 5.60%
Net income growth, 5-year CAGR — (27.01%) 0.00%

Health

Metric AMBQ IMOS Semiconductors median
Debt to equity 0.00 0.64 0.05
Current ratio 15.95 2.39 3.35
Net debt to EBITDA 4.34 0.20 0.58

Dividend

Metric AMBQ IMOS Semiconductors median
Dividend yield — 3.75% 1.93%
Payout ratio — 0.92 0.00

Size

Metric AMBQ IMOS Semiconductors median
Market cap 1.68b 2.44b 5.67b

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