ChipMOS Technologies (IMOS) AI Stock Analysis

• Market Cap: $700.58M
• Dividend Yield: 4.11%
• Average Volume (3M): 16.65K
• Price to Earnings (P/E): 147.3
• Beta (1Y): 0.94
• Revenue Growth: 0.15%
• EPS Growth: -92.08%
• Country: US
• Employees: 5,688
• Sector: Technology
• Sector Strength: 88
• Industry: Semiconductors
• EPS (TTM): -0.50
• Shares Outstanding: 35,862,007
• 10 Day Avg. Volume: 13,389
• 30 Day Avg. Volume: 16,650
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 1.01
• Enterprise Value/Revenue: 0.03
• Enterprise Value/Gross Profit: 0.26
• Enterprise Value/Ebitda: 0.12
• 1Y Price Target: $18.50
• Price Target Upside: -5.90% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 63 Neutral
• Price Target: $18.50 ▼(-5.90% Downside)

ChipMOS Technologies has a stable financial foundation with strong revenue growth and cash flow. However, high valuation metrics and operational challenges, such as declining margins and foreign exchange losses, weigh on the stock's attractiveness. The technical indicators suggest a neutral to slightly bearish trend, while the earnings call provides a mixed outlook with both growth opportunities and challenges.

ChipMOS Technologies Business Overview & Revenue Model

Company Description

ChipMOS Technologies (IMOS) is a leading provider of semiconductor assembly and test services, specializing in advanced packaging technologies for a diverse range of applications, including memory, display driver ICs, and other semiconductor components. The company operates primarily in the electronics and semiconductor sectors, offering services that enhance the functionality and reliability of chips used in consumer electronics, automotive, and communication devices. ChipMOS’s core products and services include wafer probing, assembly, and final test solutions, catering to a global clientele.

How the Company Makes Money

ChipMOS Technologies generates revenue primarily through its semiconductor assembly and testing services. The company's business model is centered around providing high-quality, customized solutions that meet the specific needs of its customers in the semiconductor industry. Key revenue streams include fees for wafer probing, assembly of semiconductor devices, and final testing services. Additionally, the company benefits from long-term contracts with major semiconductor manufacturers, which provide a stable source of income. ChipMOS also engages in partnerships with technology firms to develop innovative packaging solutions, enhancing its service offerings and driving further revenue growth. Factors contributing to its earnings include the increasing demand for advanced semiconductor technologies, the growth of the consumer electronics market, and the company's capability to adapt to evolving industry trends.

ChipMOS Technologies Financial Statement Overview

Summary

ChipMOS Technologies shows stable financial performance with solid revenue growth and strong cash generation. However, challenges in maintaining profit margins and asset efficiency are evident, necessitating improved operational efficiencies and cost management.

Income Statement

ChipMOS Technologies demonstrates a solid revenue growth trajectory with a recent increase to 22,695.9 million. However, gross profit margins have declined from historical values, currently at 12.97%, indicating pressure on cost management. The net profit margin is at a moderate 6.26%, impacted by decreased net income. EBIT and EBITDA margins are also under pressure, reflecting operational challenges.

Balance Sheet

The company's balance sheet shows a healthy equity position with a debt-to-equity ratio of 0.60, indicating moderate leverage. Return on Equity (ROE) is at 5.66%, highlighting average profitability relative to shareholder equity. The equity ratio is at a stable 55.24%, suggesting a strong asset base relative to liabilities, though improvements in asset utilization could enhance returns.

Cash Flow

ChipMOS Technologies maintains a strong operating cash flow with a significant free cash flow, although it has seen a decline compared to the previous year. The operating cash flow to net income ratio suggests efficient cash generation from operations. However, careful management of capital expenditure is essential to ensure sustainable free cash flow levels.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	22.81B	22.70B	21.36B	23.52B	27.40B	23.01B
Gross Profit	2.69B	2.94B	3.55B	4.91B	7.25B	5.03B
EBITDA	5.78B	6.78B	6.41B	8.92B	10.79B	7.31B
Net Income	1.16B	1.44B	1.97B	3.44B	4.94B	2.38B
Balance Sheet
Total Assets	43.21B	45.38B	46.16B	44.94B	42.52B	35.08B
Cash, Cash Equivalents and Short-Term Investments	13.68B	15.33B	12.44B	10.12B	6.30B	4.37B
Total Debt	14.52B	15.16B	15.98B	14.89B	11.00B	8.61B
Total Liabilities	18.27B	20.38B	21.31B	20.30B	18.14B	14.36B
Stockholders Equity	24.94B	25.00B	24.85B	24.64B	24.14B	20.72B
Cash Flow
Free Cash Flow	-212.20M	859.43M	3.53B	3.92B	1.44B	1.98B
Operating Cash Flow	5.33B	5.94B	6.61B	8.62B	7.32B	5.94B
Investing Cash Flow	-958.96M	-615.11M	-3.09B	-5.06B	-6.02B	-3.80B
Financing Cash Flow	-3.00B	-2.48B	-1.06B	416.89M	494.44M	-2.72B

ChipMOS Technologies Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 19.66
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IMOS, the sentiment is Positive. The current price of 19.66 is above the 20-day moving average (MA) of 17.63, above the 50-day MA of 17.31, and above the 200-day MA of 17.75, indicating a bullish trend. The MACD of 0.76 indicates Negative momentum. The RSI at 75.58 is Negative, neither overbought nor oversold. The STOCH value of 96.21 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IMOS.

ChipMOS Technologies Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
AMKR	76 Outperform	7.30B	24.10	7.24%	2.49%	-1.20%	-19.46%
IMOS	63 Neutral	$700.58M	147.30	0.66%	4.11%	0.15%	-92.08%
AOSL	56 Neutral	921.12M	-9.19	-11.79%	―	5.92%	-746.07%
ICHR	51 Neutral	648.10M	-30.18	-2.98%	―	15.45%	49.82%
INDI	50 Neutral	877.66M	-4.78	-37.55%	―	-7.49%	-64.33%
CEVA	48 Neutral	630.97M	-62.13	-1.60%	―	7.71%	-44.25%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%

ChipMOS Technologies Corporate Events

ChipMOS Reports 6.3% Revenue Increase in August 2025

ChipMOS TECHNOLOGIES INC. reported a 6.3% increase in its revenue for August 2025 compared to July 2025, reaching NT$2,090.3 million or US$68.3 million. Despite a slight year-over-year decrease of 1.2% from August 2024, the company is benefiting from favorable pricing and increased volumes in the memory products market. The company is also monitoring the evolving tariff situation to mitigate any potential impacts on its operations and customer support.

ChipMOS Announces NT$480 Million Share Repurchase Program

On September 2, 2025, ChipMOS TECHNOLOGIES INC. announced a new share repurchase program authorized by its Board of Directors, with a total amount up to NT$480 million. The program aims to repurchase up to 15 million shares, approximately 2.09% of its issued share capital, from the open market on the Taiwan Stock Exchange between September 3 and November 2, 2025. This initiative is part of the company’s capital allocation strategy, reflecting their belief that the shares are undervalued and represent a compelling investment opportunity. The move highlights ChipMOS’s confidence in its long-term business strength and commitment to building shareholder value.

ChipMOS Reports Q2 2025 Financial Results Amidst Operational Challenges

On August 12, 2025, ChipMOS Technologies Inc. held its 10th meeting of the 11th Board of Directors, where it announced the resolution of its Q2 2025 consolidated financial statements. The company reported an operating revenue of NT$11,268,170 thousand and a gross profit of NT$897,222 thousand, but faced a loss before income tax of NT$462,938 thousand and a net loss of NT$356,756 thousand for the six months ended June 30, 2025. This financial outcome reflects challenges in the company’s operations, impacting its profitability and potentially affecting stakeholder confidence.

ChipMOS Reports Q2 2025 Financial Results Amid Revenue Growth and Foreign Exchange Losses

On August 12, 2025, ChipMOS TECHNOLOGIES INC. reported its financial results for the second quarter of 2025, showing a revenue increase of 3.7% from the previous quarter, driven by a recovery in its memory business. Despite the revenue growth, the company faced a net loss of NT$533.1 million due to negative foreign exchange impacts, contrasting with a net profit in the previous quarter. The company maintained a strong financial position with significant cash reserves and distributed dividends in July 2025.

ChipMOS Reports July 2025 Revenue Increase Amid Market Challenges

On August 8, 2025, ChipMOS TECHNOLOGIES INC. reported its unaudited consolidated revenue for July 2025, amounting to NT$1,965.9 million or US$65.7 million. This reflects a 6.3% increase from June 2025 but a 4.7% decrease from July 2024. The company benefits from favorable pricing and volume trends for memory products and is monitoring tariff situations to support customers effectively.

ChipMOS Technologies Schedules Q2 2025 Financial Review

On August 4, 2025, ChipMOS Technologies announced that its Board of Directors is scheduled to meet on August 12, 2025, to review the company’s consolidated financial statements for the second quarter of 2025. This meeting is part of the company’s compliance with the Taiwan Stock Exchange’s disclosure requirements, and it signifies a crucial step in assessing ChipMOS’s financial health and operational performance for stakeholders.

ChipMOS to Announce Q2 2025 Financial Results on August 12

ChipMOS TECHNOLOGIES INC. announced that it will release its second quarter 2025 financial results and host a conference call on August 12, 2025. This event is significant for investors and analysts as it provides insights into the company’s financial health and operational performance, potentially impacting stakeholder decisions and market positioning.

ChipMOS Announces Dividend Distribution for July 2025

On July 21, 2025, ChipMOS TECHNOLOGIES INC. announced a cash dividend of US$0.836 per ADS, which will be distributed to ADS holders on July 25, 2025. After accounting for Taiwan’s withholding tax and Citibank, N.A.’s depositary fees, the dividend amounts to approximately US$0.640 per ADS. This announcement reflects ChipMOS’s ongoing commitment to returning value to its shareholders and may positively impact investor sentiment.

ChipMOS Technologies Concludes Share Repurchase Program with Partial Execution

On July 14, 2025, ChipMOS Technologies announced the expiration and execution status of its share repurchase program, which was initially set to run from May 14 to July 13, 2025. The company repurchased 9,105,000 shares out of the planned 15,000,000, with a total monetary amount of NTD 256,939,675. The average repurchase price per share was NTD 28.22. The repurchase was not fully executed as the company adopted a phased strategy to protect shareholder interests and respond to market conditions.

ChipMOS Reports Q2 2025 Revenue Growth Amid Tariff Concerns

On July 10, 2025, ChipMOS Technologies Inc. reported its unaudited consolidated revenue for June 2025 and the second quarter ending June 30, 2025. The second quarter revenue was NT$5,735.8 million (US$196.6 million), showing a 3.7% increase from the first quarter of 2025 but a 1.3% decrease from the second quarter of 2024. The company is experiencing increased customer demand and market price hikes for memory products. However, June 2025 revenue was NT$1,849.7 million (US$63.4 million), marking an 8.7% decrease from May 2025 and a 3.5% decrease from June 2024. ChipMOS is monitoring the evolving tariff situation, which could impact demand.