Chipmos Technologies (IMOS) vs Navitas Semiconductor Corporation (NVTS)

Chipmos Technologies and Navitas Semiconductor Corporation are both Semiconductors companies. Navitas Semiconductor Corporation is the larger, with a market value of $3.2B against $2.4B — 1.3× the size. Navitas Semiconductor Corporation has negative trailing earnings, so its P/E is not meaningful; Chipmos Technologies trades at 34.9×. Chipmos Technologies grew revenue faster over the last twelve months: 24.0% against −46.4%. Chipmos Technologies has the higher net margin (8.56% vs −856.9%) and the higher return on invested capital (5.50% vs −29.6%). Across the 19 metrics below, Chipmos Technologies leads on 13 and Navitas Semiconductor Corporation on 6.

Valuation

Metric IMOS NVTS Semiconductors median
P/E 34.89 n/m 49.41
P/S 2.92 80.36 8.58
P/B 3.19 3.66 5.49
Price to free cash flow n/m n/m 47.02
EV/EBITDA 11.13 n/m 30.78
EV/Sales 3.04 65.15 8.79
Earnings yield 2.87% (10.90%) 0.62%
Free cash flow yield (0.11%) (2.31%) 0.59%

Profitability

Metric IMOS NVTS Semiconductors median
Gross margin 14.72% 38.12% 52.25%
Operating margin 9.13% (316.86%) 4.85%
Net margin 8.56% (856.86%) 4.77%
Free cash flow margin (0.31%) (185.58%) 8.65%
Return on equity 9.55% (52.60%) 3.11%
Return on assets 5.08% (48.84%) 1.91%
Return on invested capital 5.50% (29.62%) 2.46%

Growth

Metric IMOS NVTS Semiconductors median
Revenue growth (TTM) 23.98% (46.40%) 16.66%
EPS growth (last fiscal year) (62.71%) (23.91%) —
Revenue growth, 5-year CAGR (1.42%) 31.12% 5.60%
Net income growth, 5-year CAGR (27.01%) 0.00% 0.00%

Health

Metric IMOS NVTS Semiconductors median
Debt to equity 0.64 0.00 0.05
Current ratio 2.39 21.79 3.35
Net debt to EBITDA 0.20 2.79 0.58

Dividend

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

Size

Metric IMOS NVTS Semiconductors median
Market cap 2.44b 3.15b 5.67b

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