Chipmos Technologies Inc. (IMOS) intrinsic value & 10-year financials
Chipmos Technologies Inc. (IMOS) has a Graham intrinsic value of $11.61 per share. Over the last 10 fiscal years revenue grew 2.1% a year to $22.7B, with an average return on invested capital of 9.2%.
- Graham intrinsic value
- $11.61
- Revenue (FY2024)
- $22.7B
- Revenue growth (10-yr CAGR)
- 2.1%
- ROIC (10-yr avg)
- 9.2%
- Free cash flow (FY2024)
- $859.4M
IMOS 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2024 | $22.7B | $1.4B | — | $859.4M | 5.6% | 4.4% |
| FY2023 | $21.4B | $2.0B | — | $3.5B | 8.9% | 5.9% |
| FY2022 | $23.5B | $3.4B | — | $3.9B | 13.7% | 9.7% |
| FY2021 | $27.4B | $4.9B | — | $1.4B | 20.3% | 17.5% |
| FY2020 | $23.0B | $2.4B | — | $2.0B | 15.5% | 11.8% |
| FY2019 | $20.3B | $2.5B | — | $541.8M | 12.1% | 8.7% |
| FY2018 | $18.5B | $1.3B | — | -$25.0M | 11.4% | 7.3% |
| FY2017 | $17.9B | $2.8B | — | -$525.4M | 12.5% | 9.6% |
| FY2016 | $18.4B | $1.4B | — | -$783.5M | 10.9% | 9.1% |
| FY2015 | $18.8B | $1.9B | — | $967.7M | 14.1% | 8.4% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
CHIPMOS TECHNOLOGIES INC has demonstrated mature, steady growth, with revenue compounding at 2.1% annually over the past decade.
CHIPMOS TECHNOLOGIES INC returns on capital have been average, hovering around 9.3% ROIC over the decade.
Over the decade, CHIPMOS TECHNOLOGIES INC shows that management has aggressively returned capital to shareholders by retiring 17.1% of outstanding shares.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, CHIPMOS TECHNOLOGIES INC is modeled at -0.8% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $11.61 per share.