Amkor Technology, Inc. (AMKR) vs FormFactor, Inc. (FORM)

Amkor Technology, Inc. and FormFactor, Inc. are both Semiconductor Equipment & Materials companies. Amkor Technology, Inc. is the larger, with a market value of $10.9B against $8.9B — 1.2× the size. Amkor Technology, Inc. trades at the lower P/E: 18.7× against 71.0×. FormFactor, Inc. grew revenue faster over the last twelve months: 18.0% against 17.9%. FormFactor, Inc. has the higher net margin (12.8% vs 7.45%) and the higher return on invested capital (9.33% vs 8.64%). Across the 21 metrics below, FormFactor, Inc. leads on 11 and Amkor Technology, Inc. on 10.

Valuation

Metric AMKR FORM Semiconductor Equipment & Materials median
P/E 18.67 70.95 45.03
P/S 1.39 9.08 4.64
P/B 2.21 7.37 3.22
Price to free cash flow n/m 59.99 48.18
EV/EBITDA 7.79 51.95 33.11
EV/Sales 1.39 8.71 5.52
Earnings yield 5.36% 1.41% 1.41%
Free cash flow yield (0.30%) 1.67% 1.67%

Profitability

Metric AMKR FORM Semiconductor Equipment & Materials median
Gross margin 15.51% 43.13% 43.95%
Operating margin 8.64% 12.85% 10.32%
Net margin 7.45% 12.80% 7.45%
Free cash flow margin (0.42%) 15.14% 6.77%
Return on equity 12.46% 10.99% 4.78%
Return on assets 6.38% 9.15% 3.62%
Return on invested capital 8.64% 9.33% 6.10%

Growth

Metric AMKR FORM Semiconductor Equipment & Materials median
Revenue growth (TTM) 17.93% 18.01% 14.60%
EPS growth (last fiscal year) 4.90% (22.47%) (4.56%)
Revenue growth, 5-year CAGR 5.84% 2.51% 10.11%
Net income growth, 5-year CAGR 2.03% (7.09%) 0.00%

Health

Metric AMKR FORM Semiconductor Equipment & Materials median
Debt to equity 0.53 0.01 0.09
Current ratio 2.17 4.08 3.66
Net debt to EBITDA (0.49) (2.85) (0.49)

Dividend

Metric AMKR FORM Semiconductor Equipment & Materials median
Dividend yield 0.80% — 0.42%
Payout ratio 0.15 — 0.19

Size

Metric AMKR FORM Semiconductor Equipment & Materials median
Market cap 10.94b 8.85b 3.80b

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