Is the business good?
How good a business is IMOS?
ChipMOS TECHNOLOGIES INC. earns 11% on the capital it employs against a 9.0% cost of capital, so the business is worth more the bigger it gets.
11%
Return on invested capital · cost of capital 9.0% · 1.6 points above what the capital costs: growth creates value
- Operating margin
- 5.6%
Operating margin · Semiconductors median 8.5% · fiscal year to FY2024
- Cash conversion
- 0.60×
Cash conversion · 1.80× a year ago · some of the reported profit has not turned into cash yet
- Share count, year on year
- −0.13%
Share count, year on year · flat: no meaningful dilution
| Year | Operating margin |
|---|---|
| FY2019 | 12% |
| FY2020 | 16% |
| FY2021 | 20% |
| FY2022 | 14% |
| FY2023 | 8.9% |
| FY2024 | 5.6% |
Details›
- Gross marginfiscal year to FY2024
- 13%
- Operating marginfiscal year to FY2024
- 5.6%
- Net marginfiscal year to FY2024
- 6.3%
- Free cash flow margin
- 3.8%
- R&D as % of revenue
- 5.1%
- Revenue, trailing twelve months
- $22.7B
- Free cash flow, trailing twelve months
- $859M
- Net income, trailing twelve months
- $1.44B
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 11%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.