Amkor Technology, Inc. (AMKR) vs Lam Research Corporation (LRCX)

Amkor Technology, Inc. and Lam Research Corporation are both Semiconductor Equipment & Materials companies. Lam Research Corporation is the larger, with a market value of $390.4B against $13.3B — 29.3× the size. Amkor Technology, Inc. trades at the lower P/E: 23.9× against 54.4×. Lam Research Corporation grew revenue faster over the last twelve months: 26.0% against 17.9%. Lam Research Corporation has the higher net margin (31.3% vs 7.45%) and the higher return on invested capital (48.2% vs 8.64%). Both pay a dividend; Amkor Technology, Inc. yields more (1.16% vs 0.90%). Across the 22 metrics below, Lam Research Corporation leads on 14 and Amkor Technology, Inc. on 8.

Valuation

Metric AMKR LRCX Semiconductor Equipment & Materials median
P/E 23.93 54.44 54.39
P/S 1.78 17.03 6.08
P/B 2.84 31.72 4.89
Price to free cash flow n/m 80.88 60.92
EV/EBITDA 9.99 45.57 39.95
EV/Sales 1.78 16.95 6.36
Earnings yield 4.18% 1.84% 1.14%
Free cash flow yield (0.23%) 1.24% 1.28%

Profitability

Metric AMKR LRCX Semiconductor Equipment & Materials median
Gross margin 15.51% 50.47% 43.95%
Operating margin 8.64% 35.29% 10.32%
Net margin 7.45% 31.27% 7.45%
Free cash flow margin (0.42%) 21.05% 6.77%
Return on equity 12.46% 65.07% 4.78%
Return on assets 6.38% 32.38% 3.62%
Return on invested capital 8.64% 48.23% 6.10%

Growth

Metric AMKR LRCX Semiconductor Equipment & Materials median
Revenue growth (TTM) 17.93% 26.02% 14.60%
EPS growth (last fiscal year) 4.90% 38.80% —
Revenue growth, 5-year CAGR 5.84% 9.70% 8.85%
Net income growth, 5-year CAGR 2.03% 13.20% 0.00%

Health

Metric AMKR LRCX Semiconductor Equipment & Materials median
Debt to equity 0.53 0.30 0.09
Current ratio 2.17 2.63 3.66
Net debt to EBITDA (0.49) (0.21) (0.49)

Dividend

Metric AMKR LRCX Semiconductor Equipment & Materials median
Dividend yield 1.16% 0.90% 0.85%
Payout ratio 0.12 0.21 0.00

Size

Metric AMKR LRCX Semiconductor Equipment & Materials median
Market cap 13.32b 390.42b 4.63b

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