ChipMOS TECHNOLOGIES (Bermuda) Ltd

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IMOS : NASDAQ : Technology
$17.36 up 0.11 | 0.64%
Today's Range: 17.04 - 17.42
Avg. Daily Volume: 82,400
07/22/16 - 4:00 PM ET

Financial Analysis


CHIPMOS TECHNOLOGIES LTD's gross profit margin for the first quarter of its fiscal year 2016 is essentially unchanged when compared to the same period a year ago. Sales and net income have dropped, underperforming the average competitor within its industry. CHIPMOS TECHNOLOGIES LTD is extremely liquid. Currently, the Quick Ratio is 2.55 which clearly shows the ability to cover any short-term cash needs. The company's liquidity has decreased from the same period last year, indicating deteriorating cash flow.

During the same period, stockholders' equity ("net worth") has decreased by 14.13% from the same quarter last year. Overall, the key liquidity measurements indicate that the company is very unlikely to face financial difficulties in the near future.

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Income Statement Q1 FY16 Q1 FY15
Net Sales ($mil)146.8167.0
EBITDA ($mil)40.150.4
EBIT ($mil)14.927.0
Net Income ($mil)2.912.1


Balance Sheet Q1 FY16 Q1 FY15
Cash & Equiv. ($mil)414.1521.7
Total Assets ($mil)1064.91186.8
Total Debt ($mil)280.0273.6
Equity ($mil)402.0468.2


Profitability Q1 FY16 Q1 FY15
Gross Profit Margin36.4437.25
EBITDA Margin27.3130.17
Operating Margin10.1516.17
Sales Turnover0.550.59
Return on Assets1.914.53
Return on Equity5.0711.49
Debt Q1 FY16 Q1 FY15
Current Ratio2.853.09
Debt/Capital0.410.37
Interest Expense0.00.0
Interest Coverage0.00.0


Share Data Q1 FY16 Q1 FY15
Shares outstanding (mil)27.2928.93
Div / share0.00.0
EPS0.10.42
Book value / share14.7316.18
Institutional Own % n/a n/a
Avg Daily Volume78979.0163976.0

Valuation


HOLD. CHIPMOS TECHNOLOGIES LTD's P/E ratio indicates a discount compared to an average of 32.54 for the Semiconductors & Semiconductor Equipment industry and a value on par with the S&P 500 average of 24.25. For additional comparison, its price-to-book ratio of 1.20 indicates a significant discount versus the S&P 500 average of 2.77 and a significant discount versus the industry average of 3.71. The price-to-sales ratio is well below both the S&P 500 average and the industry average, indicating a discount. Upon assessment of these and other key valuation criteria, CHIPMOS TECHNOLOGIES LTD proves to trade at a discount to investment alternatives within the industry.


Price/Earnings
1 2 3 4 5
premium   discount
  Price/Cash Flow
1 2 3 4 5
premium   discount
IMOS 24.93 Peers 32.54   IMOS 3.42 Peers 18.04

Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations.

IMOS is trading at a discount to its peers.

 

Discount. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures.

IMOS is trading at a significant discount to its peers.

 
Price/Projected
Earnings
1 2 3 4 5
premium   discount
  Price to
Earnings/Growth
1 2 3 4 5
premium   discount
IMOS 11.27 Peers 17.24   IMOS NM Peers 12.67

Premium. A higher price-to-projected earnings ratio than its peers can signify a more expensive stock or higher future growth expectations.

IMOS is trading at a significant premium to its peers.

 

Neutral. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples.

IMOS's negative PEG ratio makes this valuation measure meaningless.

 
Price/Book
1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
IMOS 1.20 Peers 3.71   IMOS -60.56 Peers 0.69

Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet.

IMOS is trading at a significant discount to its peers.

 

Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios.

However, IMOS is expected to significantly trail its peers on the basis of its earnings growth rate.

 
Price/Sales
1 2 3 4 5
premium   discount
  Sales Growth
1 2 3 4 5
premium   discount
IMOS 0.82 Peers 4.29   IMOS -16.27 Peers 3.90

Discount. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales.

IMOS is trading at a significant discount to its industry on this measurement.

 

Lower. A sales growth rate that trails the industry implies that a company is losing market share.

IMOS significantly trails its peers on the basis of sales growth

 

 

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