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Held by 632 of 6,047 reporting institutions (97th percentile) — extremely crowded.
Data as of Q2 2026
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Total shares institutions bought (green) vs sold (red) each quarter across all holders.
Inferred from quarter-over-quarter change in each fund's 13F position (new stakes count as buys, exits as sells). Not tick-level trades.
Total return (dividends reinvested) vs the market, from quarter-end prices.
Above 0 = ahead of the S&P 500 since the window start; below 0 = behind. Rising means it's pulling ahead.
How far the stock fell below its prior peak. Deeper, longer drawdowns = a rougher ride to the same return.
Quarter-end, dividend-adjusted (total return). Beta & volatility from quarterly returns (annualized). Benchmark is the S&P 500 (SPY total return). Annual returns compound the quarters ending in each calendar year; the first and last years in a window may be partial. Past performance doesn't predict future results.
Top 40 institutional holders — bubble size is position value, color is the move since last quarter. Hover any holder for detail.
Drag any bubble to rearrange · size = dollar value of the position
Solve the discounted cash flow backwards, then stress-test the assumptions.
Average free cash flow across the last 3 positive fiscal years (FY2023, FY2024, FY2025). Smooths the cycle. Stock compensation is NOT charged — it is added back inside operating cash flow.
To be worth $54.63 today, the market must believe free cash flow compounds 22.6%/yr for a decade (off $352.2M on the 3-yr avg basis).
On the basis ($336.6M) the requirement is 23.3%/yr. Shares issued to employees are added back in operating cash flow, so this basis treats them as free.
The market's 22.6% is more optimistic than its 9-yr track record.
Default is 12.9% — this company's computed cost of capital (computed WACC), the same rate the Analysis tab discounts at.
2-stage DCF · 0.25B shares (market data) · net debt $66.9M
mean 31.3% · volatility σ 83% · implied rate exceeded in 4/9 yrs
Central path = implied 22.6%/yr growth; shaded band = ±1σ (83%) of this company's historical FCF volatility, widening with time. The wider the band, the less certain the growth.
Reverse DCF: rather than guessing a fair value, we solve for the growth the current price implies, then you stress-test the assumptions. Enterprise value of the FCF stream, less net debt, ÷ shares. Educational — not a recommendation.
What the company returns to shareholders — and whether it's covered by cash.
The dividend is comfortably covered — only 43% of free cash flow, leaving room to grow it and fund buybacks. Last year: $81.9M dividends + $0 buybacks = $81.9M returned on $191.0M FCF.
Yields use the latest fiscal-year dividends/buybacks over current market cap. Dividends and buybacks from the SEC cash-flow statement; payout coverage vs net income and free cash flow. Educational — not a recommendation.
How management deployed cash over 10 years — and what it earned on reinvestment.
A reinvestment story — most cash went back into growth rather than to shareholders.
Modest payoff on reinvested capital. Current ROIC on all capital: 6%. Rough measure (includes maintenance capex).
Cash uses aggregated from the SEC cash-flow statement over 10 fiscal years. "Return on reinvestment" is a rough proxy — operating-income change ÷ cumulative CapEx + M&A — and includes maintenance capex. Educational — not a recommendation.
EOD close · as of 2026-10-05
How a revenue dollar becomes profit — FY2025
Dividends and buybacks are cash paid out, shown here against the same year's profit for scale — not funded from it.
Each value shows its share of revenue below it (common-size).
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $6.71B 100.0% | $6.32B 100.0% | $6.50B 100.0% | $7.09B 100.0% | $6.14B 100.0% | $5.05B 100.0% | $4.05B 100.0% | $4.32B 100.0% | $4.21B 100.0% | $3.93B 100.0% |
| Cost of Revenue | $5.77B 86.0% | $5.38B 85.2% | $5.56B 85.5% | $5.76B 81.2% | $4.91B 80.0% | $4.15B 82.2% | $3.40B 84.0% | $3.61B 83.5% | $3.45B 81.9% | $3.22B 81.9% |
| Gross Profit | $938.6M 14.0% | $933.2M 14.8% | $943.2M 14.5% | $1.33B 18.8% | $1.23B 20.0% | $900.8M 17.8% | $649.4M 16.0% | $710.6M 16.5% | $761.1M 18.1% | $709.9M 18.1% |
| Research & Development | $166.7M 2.5% | $163.0M 2.6% | $177.5M 2.7% | $149.4M 2.1% | $166.0M 2.7% | $140.7M 2.8% | $137.6M 3.4% | $157.2M 3.6% | $166.6M 4.0% | $117.2M 3.0% |
| Selling, General & Admin | $304.5M 4.5% | $331.8M 5.3% | $295.4M 4.5% | $283.4M 4.0% | $296.1M 4.8% | $302.8M 6.0% | $278.6M 6.9% | $295.2M 6.8% | $297.0M 7.1% | $284.1M 7.2% |
| Total Operating Expenses | $471.2M 7.0% | $494.8M 7.8% | $472.9M 7.3% | $432.8M 6.1% | $462.1M 7.5% | $443.6M 8.8% | $416.3M 10.3% | $452.4M 10.5% | $355.5M 8.5% | $401.3M 10.2% |
| Operating Income | $467.4M 7.0% | $438.5M 6.9% | $470.3M 7.2% | $897.2M 12.7% | $763.4M 12.4% | $457.2M 9.1% | $233.2M 5.8% | $258.1M 6.0% | $405.5M 9.6% | $308.6M 7.9% |
| Interest Expense | $75.4M 1.1% | $64.9M 1.0% | $59.0M 0.9% | $58.6M 0.8% | $51.5M 0.8% | $64.2M 1.3% | — | $78.9M 1.8% | $83.8M 2.0% | $79.7M 2.0% |
| Other Income (Expense), net | -$22.8M -0.3% | -$7.4M -0.1% | -$26.4M -0.4% | -$40.3M -0.6% | -$48.4M -0.8% | -$70.6M -1.4% | -$73.4M -1.8% | -$72.3M -1.7% | -$98.0M -2.3% | -$78.9M -2.0% |
| Pretax Income | $444.6M 6.6% | $431.0M 6.8% | $443.8M 6.8% | $856.9M 12.1% | $715.1M 11.6% | $386.7M 7.7% | $159.8M 3.9% | $185.8M 4.3% | $307.5M 7.3% | $229.7M 5.8% |
| Income Tax Expense | $68.5M 1.0% | $75.5M 1.2% | $81.7M 1.3% | $89.9M 1.3% | $69.5M 1.1% | $46.2M 0.9% | $37.2M 0.9% | $56.3M 1.3% | $39.8M 0.9% | $51.0M 1.3% |
| Net Income | $373.9M 5.6% | $354.0M 5.6% | $359.8M 5.5% | $765.8M 10.8% | $643.0M 10.5% | $338.1M 6.7% | $120.9M 3.0% | $127.1M 2.9% | $263.6M 6.3% | $175.5M 4.5% |
| Per Share | ||||||||||
| EPS (Basic) | $1.51 | $1.44 | $1.46 | $3.13 | $2.64 | $1.40 | $0.50 | $0.53 | $1.10 | $0.74 |
| EPS (Diluted) | $1.50 | $1.43 | $1.46 | $3.11 | $2.62 | $1.40 | $0.50 | $0.53 | $1.10 | $0.74 |
| Weighted Avg Shares (Basic) | 247.1M | 246.3M | 245.6M | 244.7M | 243.9M | 241.5M | 239.7M | 239.3M | 238.9M | 237.4M |
| Weighted Avg Shares (Diluted) | 248.5M | 247.8M | 247.2M | 246.2M | 245.7M | 242.2M | 240.1M | 239.7M | 239.7M | 238.0M |
Source: SEC EDGAR XBRL filings (annual, fiscal year). Quarterly flow items are derived from cumulative filings; balance-sheet figures are as-of each period end. Ratios and margins are computed, not reported.
EOD close · as of 2026-10-05
Where each multiple sits in its own 14-yr range · 100th pct blended
Dot = today · shaded = middle 50% · line = median. Lower percentile = cheaper vs its own 14-yr history.
Is the profit real, and how strong is the balance sheet?
FY2025 · every deduction from revenue to net income
DuPont — the three levers
ROE 8% against ROIC 6% — 2% of the return on equity comes from leverage and buybacks rather than from the operating business.
What the company owes vs. what it holds
This shows debt/cash structure and net leverage. The year-by-year maturity schedule is on the Debt & Leverage tab.
Latest year: profit growth vs revenue growth
Low operating leverage — profit tracks sales closely (stable, less cyclical).
Each line as % of revenue — the trend in color
| % of revenue | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Cost of Revenue | 83.5 | 84.0 | 82.2 | 80.0 | 81.2 | 85.5 | 85.2 | 86.0 |
| Gross Profit | 16.5 | 16.0 | 17.8 | 20.0 | 18.8 | 14.5 | 14.8 | 14.0 |
| R&D | 3.6 | 3.4 | 2.8 | 2.7 | 2.1 | 2.7 | 2.6 | 2.5 |
| SG&A | 6.8 | 6.9 | 6.0 | 4.8 | 4.0 | 4.5 | 5.3 | 4.5 |
| Operating Income | 6.0 | 5.8 | 9.1 | 12.4 | 12.7 | 7.2 | 6.9 | 7.0 |
| Income Tax | 1.3 | 0.9 | 0.9 | 1.1 | 1.3 | 1.3 | 1.2 | 1.0 |
| Net Income | 2.9 | 3.0 | 6.7 | 10.5 | 10.8 | 5.5 | 5.6 | 5.6 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on AMKR: price, valuation and headline fundamentals from SEC filings. The four questions at the top of the page are where the judgements live.
How much the company owes, how it's trended, and how comfortably it's serviced.
Cash of $1.38B covers the $162.4M due within a year 8.5× over. Scheduled principal only (excludes interest & revolver draws). As of 2025-12-31 (10-K).
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Interest is easily covered by operating profit. Effective rate ~5.2% on $1.45B of debt.
Cash of $1.38B fully covers short-term debt of $162.4M.
Mostly long-term debt (balance-sheet current vs non-current split). See the maturity ladder above for the year-by-year repayment schedule.
Debt, cash, interest and equity from the SEC balance sheet & income statement. Effective rate = interest ÷ average debt. Maturity ladder from the SEC long-term-debt repayment schedule. Educational — not a recommendation.
Ranked against 20 sector peers with collected financials. Valuation from latest close × latest fiscal-year fundamentals; 13F conviction as of 2026-06-30.
Percentile is “goodness” within the peer set (100 = best). For valuation and leverage that means cheaper / less-levered ranks higher.
| Company | Mkt cap ▼ | P/E | EV/EBITDA | P/S | Rev gr | Gross | Net | ROE | ROIC | Net D/EBITDA | 13F |
|---|---|---|---|---|---|---|---|---|---|---|---|
| STM | $51.4B | 320.4× | 26.3× | 4.4× | -11.1% | 33.9% | 1.4% | 0.9% | 0.8% | -0.4× | 594 |
| MCHP | $44.2B | 370.4× | 42.0× | 9.4× | 7.1% | 57.7% | 4.9% | 3.6% | 1.9% | 4.5× | 1,254 |
| CRDO | $39.9B | 84.7× | 80.8× | 29.9× | 206% | 68.0% | 35.4% | 22.9% | 22.9% | -2.4× | 945 |
| ON | $33.5B | 296.3× | 44.5× | 5.6× | -15.3% | 33.1% | 2.0% | 1.6% | 1.1% | 1.1× | 969 |
| TSEM | $28.2B | 128.6× | 56.6× | 18.0× | 9.1% | 23.2% | 14.1% | 7.6% | 7.2% | -0.1× | 424 |
| Q | $27.5B | 39.9× | 23.1× | 5.8× | 9.7% | 46.2% | 15.3% | 10.3% | 6.5% | 2.4× | 1,273 |
| MTSI | $25.1B | — | 132.0× | 25.9× | 32.6% | 54.7% | -5.6% | -4.1% | -3.0% | 2.0× | 620 |
| SITM | $21.4B | — | — | 65.4× | 61.2% | 53.6% | -13.1% | -3.7% | -3.7% | — | 538 |
| FSLR | $18.9B | 12.4× | — | 3.6× | 24.1% | 40.6% | 29.3% | 16.0% | 15.2% | — | 990 |
| LSCC | $18.9B | — | — | 36.1× | 2.7% | 68.2% | 0.6% | 0.4% | 0.4% | -4.3× | 579 |
| SMTC | $18.0B | — | — | 17.1× | 15.5% | 51.6% | -3.8% | -7.3% | -3.9% | 4.7× | 546 |
| AMKR | $13.6B | 36.4× | 12.3× | 2.0× | 6.2% | 14.0% | 5.6% | 8.4% | 6.3% | 0.1× | 632 |
| SWKS | $12.6B | 27.2× | 16.0× | 3.1× | -2.2% | 41.2% | 11.7% | 8.3% | 7.1% | -0.2× | 686 |
| RMBS | $12.0B | 52.3× | 43.3× | 16.9× | 27.1% | 79.6% | 32.6% | 16.9% | 16.9% | -0.7× | 593 |
| VIAV | $11.6B | — | 76.8× | 7.6× | 40.0% | 57.7% | -2.0% | -2.1% | -1.8% | -2.8× | 540 |
| FORM | $11.6B | 214.5× | 121.2× | 14.7× | 2.8% | 39.3% | 6.9% | 5.3% | 5.2% | -1.0× | 484 |
| AAOI | $10.3B | — | — | 22.6× | 82.8% | 30.0% | -8.4% | -5.2% | -4.8% | — | 468 |
| QRVO | $10.1B | 31.5× | 18.5× | 2.7× | -1.1% | 45.9% | 9.2% | 10.1% | 6.9% | 0.6× | 525 |
| SIMO | $9.6B | 310.4× | 76.1× | 10.8× | 10.2% | 48.3% | 13.8% | 14.8% | 14.8% | -1.6× | 372 |
| MXL | $9.6B | — | — | 20.5× | 29.7% | 56.8% | -29.2% | -30.2% | -23.7% | — | 414 |
| SLAB | $7.4B | — | — | 9.5× | 34.3% | 58.2% | -8.3% | -5.9% | -5.9% | — | 349 |
Peers = companies sharing AMKR's sector (Semiconductors & Related Devices) with collected SEC financials. Multiples use the most recent end-of-day close and latest fiscal-year fundamentals (trailing, not forward). Missing cells mean the peer never reported that line item, has no collected price, or has a non-positive denominator. Not investment advice.
Earns -4.95pts against its cost of capital — capital is being consumed, not created.
| Period | ROIC | Cost of capital | Spread |
|---|---|---|---|
| FY2019 | 7.0% | 12.9% (today's — no rate published for this year) | -5.9pts |
| FY2020 | 12.5% | 12.9% (today's — no rate published for this year) | -0.4pts |
| FY2021 | 17.8% | 7.9% | 9.9pts |
| FY2022 | 17.1% | 10.3% | 6.9pts |
| FY2023 | 8.9% | 10.6% | -1.7pts |
| FY2024 | 8.0% | 13.5% | -5.5pts |
| FY2025 | 7.9% | 11.6% | -3.7pts |
| Now | 6.3% | 12.9% | -6.6pts |
| Fiscal year | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| FY2016 | 18.1% | 7.9% | 4.5% |
| FY2017 | 18.1% | 9.6% | 6.3% |
| FY2018 | 16.5% | 6.0% | 2.9% |
| FY2019 | 16.0% | 5.8% | 3.0% |
| FY2020 | 17.8% | 9.1% | 6.7% |
| FY2021 | 20.0% | 12.4% | 10.5% |
| FY2022 | 18.8% | 12.7% | 10.8% |
| FY2023 | 14.5% | 7.2% | 5.5% |
| FY2024 | 14.8% | 6.9% | 5.6% |
| FY2025 | 14.0% | 7.0% | 5.6% |
Leverage and buybacks account for 2 points of the 8% return on equity in FY2025. The business earns 6% on the capital it employs; the rest is balance sheet.
ROE is on average equity; ROIC is NOPAT over average invested capital (debt plus equity less excess cash). The gap is not a single adjustment.
$18M of goodwill — 0% of invested capital. The gap is what was paid above the fair value of what was bought; it is real capital shareholders provided, so neither bar is the whole answer.
Net margin is 557.39% against 1079.9% 3 years ago — a step down the business has not recovered, whatever the spread says today.
Converts 0.74x of reported profit into cash — adequate, without much margin.
Reported free cash flow is $191M; after share-based compensation it is $171M. The difference is a real cost that the cash flow statement adds back.
Covers interest 4.3x even after a 30% EBITDA decline.
| EBITDA decline | Interest coverage |
|---|---|
| 0% | 6.20x |
| 5% | 5.89x |
| 10% | 5.58x |
| 15% | 5.27x |
| 20% | 4.96x |
| 25% | 4.65x |
| 30% | 4.34x |
| 35% | 4.03x |
| 40% | 3.72x |
| 45% | 3.41x |
| 50% | 3.10x |
| 55% | 2.79x |
| 60% | 2.48x |
Ladder as of 2025-12-31 (10-K); cash from the 2025-12-31 balance sheet; FCF from FY2025.
Balance sheet at 2025-12-31. Undrawn revolving credit is not shown: the tag is collected but not yet mapped through to the API.
The maturity schedule is not part of this verdict — its filing anchor is often older than the balance sheet it sits beside, so a wall inside 24 months may not be visible here.
At $54.63, free cash flow must compound 22.88%/yr for 10 years. It has done 13.07%/yr over 6 years.
| Fiscal year | FCF growth | Price requires |
|---|---|---|
| FY2020 | 137.4% | 22.9% |
| FY2021 | 57.4% | 22.9% |
| FY2022 | −44.2% | 22.9% |
| FY2023 | 173.3% | 22.9% |
| FY2024 | −33.7% | 22.9% |
| FY2025 | −44.7% | 22.9% |
The implied rate has been matched or beaten in 3 of the last 6 years.
| Step | Amount | Running total |
|---|---|---|
| Net income | $374M | $374M |
| Share-based comp | $20M | $394M |
| Other non-cash & working capital | $702M | $1.10B |
| Operating cash flow | $1.10B | $1.10B |
| Capex | −$905M | $191M |
| Free cash flow | $191M | $191M |
| FCF after SBC | $171M | $171M |
| Fiscal year | Revenue growth | Receivables growth | Gap |
|---|---|---|---|
| FY2020 | 24.6% | 13.2% | -11.5 points |
| FY2021 | 21.5% | 30.8% | 9.2 points |
| FY2022 | 15.5% | 8.5% | -7.0 points |
| FY2023 | -8.3% | -15.8% | -7.5 points |
| FY2024 | -2.9% | -8.2% | -5.4 points |
| FY2025 | 6.2% | 28.4% | 22.2 points |
| Fiscal year | DSO | DIO | DPO | Cash conversion cycle |
|---|---|---|---|---|
| FY2019 | 76.6 days | 23.7 days | 61.2 days | 39 days |
| FY2020 | 69.6 days | 26.1 days | 56 days | 39.7 days |
| FY2021 | 74.8 days | 36 days | 61.6 days | 49.3 days |
| FY2022 | 70.3 days | 39.9 days | 57 days | 53.2 days |
| FY2023 | 64.5 days | 25.8 days | 49.5 days | 40.8 days |
| FY2024 | 61 days | 21.1 days | 48.3 days | 33.7 days |
| FY2025 | 73.7 days | 27.7 days | 57.7 days | 43.7 days |
| Fiscal year | Accruals / assets |
|---|---|
| FY2019 | -9.4 percent |
| FY2020 | -8.6 percent |
| FY2021 | -7.9 percent |
| FY2022 | -4.9 percent |
| FY2023 | -13.4 percent |
| FY2024 | -10.6 percent |
| FY2025 | -8.9 percent |
SBC is added back inside operating cash flow, so reported free cash flow treats shares issued to employees as free. Percent of revenue says how expensive the payroll is; percent of operating cash flow says how much of the cash exists only because the charge was added back. The buyback offset is buybacks over SBC — below 1.0 the repurchase does not cover the shares issued.
Figures are the latest fiscal year (FY2025) from the company's own filings, not a trailing-twelve-month window — Q2 reads fiscal years throughout so the cash-conversion ratios and these share one basis. A blank is a line the filer did not report; it is never read as zero.