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 $13.3B against $10.3B — 1.3× the size. Amkor Technology, Inc. trades at the lower P/E: 23.9× against 87.8×. 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 23.93 87.75 54.39
P/S 1.78 11.23 6.08
P/B 2.84 9.12 4.89
Price to free cash flow n/m 74.19 60.92
EV/EBITDA 9.99 64.77 39.95
EV/Sales 1.78 10.86 6.36
Earnings yield 4.18% 1.14% 1.14%
Free cash flow yield (0.23%) 1.35% 1.28%

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%) —
Revenue growth, 5-year CAGR 5.84% 2.51% 8.85%
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 1.16% — 0.85%
Payout ratio 0.12 0.00 0.00

Size

Metric AMKR FORM Semiconductor Equipment & Materials median
Market cap 13.32b 10.27b 4.63b

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