Amkor Technology, Inc. (AMKR) DCF Valuation
Why we don't show a single “fair value” for AMKR
Even the optimistic scenario of a conservative trailing-FCF model ($17.58) sits far below today's price — the market is paying for growth and durability beyond what this model structure captures. The honest lens is the question below: what growth does today's price actually require? The model scenarios are listed further down for reference.
What would today's price require?
$82.76 is justified only if free cash flow grows about +55.1% a year (fading to 2.5% long-run) at a 11.5% required return — faster than the company has actually grown.
| Scenario | FCF growth (fading to 2.5%) | Discount | Value / share |
|---|---|---|---|
| Conservative | 3.2%/yr | 12.5% | $10.85 |
| Base case | 6.2%/yr | 11.5% | $13.71 |
| Optimistic | 9.2%/yr | 10.5% | $17.58 |
| Analyst DCF (FMP) | independent reference — different model | $12.67 | |
Current Price
$82.76
Market-Implied Growth
+55.1%/yr
vs +6.2% 5Y actual
Base-Case Model Value
$13.71
model output — not a price target
AMKR DCF Fair Value Calculator
Edit the assumptions to see how they change the estimated fair value. Opens seeded with TGM's data-driven base case for AMKR (growth from its own 5-year record, discount from its beta), so the sandbox starts where the scenarios above leave off. Illustrative model — not investment advice.
Base inputs: FCF $268.0M · 0.25B shares · net debt $138.6M
Estimated Fair Value
$15.36
-81.4% vs $82.76
Sensitivity — fair value by discount rate × terminal growth
How the estimated fair value shifts with the discount rate (WACC) and terminal growth, holding your 6.2%/yr FCF growth and 10-year horizon fixed. Green = above today's $82.76; red = below. Your current case is outlined.
| WACC ↓ / Terminal → | 1.50% | 2.00% | 2.50% | 3.00% | 3.50% |
|---|---|---|---|---|---|
| 9.5% | $18.72 | $19.44 | $20.27 | $21.23 | $22.35 |
| 10.5% | $16.39 | $16.92 | $17.51 | $18.18 | $18.94 |
| 11.5% | $14.54 | $14.93 | $15.36 | $15.85 | $16.39 |
| 12.5% | $13.03 | $13.33 | $13.65 | $14.01 | $14.41 |
| 13.5% | $11.78 | $12.01 | $12.26 | $12.54 | $12.84 |
About Amkor Technology, Inc.
Amkor Technology, Inc. operates internationally, delivering external semiconductor packaging and testing solutions across North America, Japan, Europe, the Middle East, Africa, and the broader Asia Pacific region. Their comprehensive, end-to-end offerings encompass a range of processes, including semiconductor wafer bumping, probing, back-grinding, package conceptualization, final packaging, testing, and direct shipment services. The company's product portfolio features flip-chip scale packages, critical for devices like smartphones, tablets, and other portable consumer electronics. They also provide flip-chip stacked chip-scale packages, designed for layering memory atop digital basebands and as application processors in mobile units. Flip-chip ball grid array packages cater to diverse applications in networking, data storage, computing, and general consumer products. Wafer-level CSP packages find use in power management systems, transceivers, sensors, wireless charging technologies, codecs, radar systems, and specialized silicon components. Their wafer-level fan-out packages are integral for integrated circuits, alongside silicon wafer integrated fan-out technology, which offers a thinner alternative to traditional laminate substrates. Additionally, Amkor supplies lead frame packages, commonly employed in electronic devices requiring low to medium pin count analog and mixed-signal functionalities. Substrate-based wirebond packages facilitate the connection of a die to its substrate. Micro-electro-mechanical systems (MEMS) packages involve miniature mechanical and electromechanical components. Furthermore, their advanced system-in-package (SiP) modules are vital for a broad array of applications, including radio frequency and front-end modules, basebands, connectivity solutions, fingerprint sensors, display and touchscreen drivers, various sensors and MEMS, and NAND memory and solid-state drives. The company primarily serves a clientele comprising integrated device manufacturers, fabless semiconductor enterprises, original equipment manufacturers, and contract foundries. Established in 1968, Amkor Technology, Inc. maintains its corporate headquarters in Tempe, Arizona.
- Sector
- Technology
- Industry
- Semiconductors
- CEO
- Kevin K. Engel