ChipMOS Technologies Inc. ADR
ChipMOS Technologies Inc. ADR is a Taiwan-based semiconductor services company focused on outsourced assembly, testing, and packaging solutions for integrated circuits. ChipMOS Technologies Inc. serves fabless chip designers, integrated device manufacturers, and foundries with a broad set of backend manufacturing services that help prepare semiconductors for use in electronic devices. Its operations include testing, assembly, bumping, and services related to flat-panel display driver semiconductors, supporting applications across consumer electronics, computing, and other technology-driven markets. The company also works with customers in multiple regions and maintains a position in the semiconductor supply chain as a specialist in high-precision, high-volume processing. ChipMOS Technologies Inc. ADR represents the company’s U.S.-traded depositary shares and provides investors with access to a business that is closely tied to global semiconductor production and demand.
$55.46
-$6.88 (-11.04%)
EOD Oct 22, 2026
Operating margin is thin at 4.77%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue grew 5.5%, steady but not accelerating. Free cash flow declined 83% despite revenue growth, conversion is weakening.
At 28x earnings, the current multiple leaves limited room for execution misses or growth deceleration. Free cash flow declined 83% versus the prior year, cash generation momentum has weakened.
28.2x earnings, 85.4x FCF. Not cheap, the quality is already reflected in the price. Upside from here requires either margin expansion or growth re-acceleration, not just continuation.
Price History
Valuation & Multiples
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
TWD 32.52B
▲ +5.5% YoY
Net Income (TTM)
TWD 2.48B
▼ -61.7% YoY
Op. Margin
7.96%
▼ -0.8pp YoY
ROIC
2.65%
▼ -2.7pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
TWD 741M
▼ -83.1% YoY
Op. Cash Flow (TTM)
TWD 5.98B
▼ -39.7% YoY
Net Debt
TWD 1.35B
Cash & Equiv.
TWD 14.98B
3Y CAGR: +213.5%
3Y CAGR: +3.9%
Continue Research
Is ChipMOS Technologies Inc. ADR (IMOS) overvalued?
At a P/E of 28.2 and a price-to-free-cash-flow of 85.4, ChipMOS Technologies Inc. ADR (IMOS) trades below a two-stage DCF intrinsic value of about TWD 327.76 per share, so at TWD 55.46 the stock looks undervalued (491.0% below estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, ChipMOS Technologies Inc. ADR scores 46/100 on Intrinsiqq's quality scorecard (a mixed business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 0.0%; see dividend safety for coverage and history. All figures are computed from company filings; read the full methodology, or see how the market compares in our US profitability statistics. This is analysis, not investment advice.
Frequently asked
What is ChipMOS Technologies Inc. ADR's fair value?+
Intrinsiqq's two-stage DCF estimates an intrinsic value of about TWD 327.76 per share for IMOS, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around TWD 245.82. At today's TWD 55.46, that puts the stock about 491.0% below estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
Is ChipMOS Technologies Inc. ADR a high-quality business?+
ChipMOS Technologies Inc. ADR scores 46 out of 100 on Intrinsiqq's quality score, a weighted blend of 8 metrics each scored 0 to 100, which makes it a mixed business on these measures. Recent fundamentals include a 8.0% operating margin and a 2.6% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from company filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Does ChipMOS Technologies Inc. ADR (IMOS) pay a dividend, and how much?+
Yes, ChipMOS Technologies Inc. ADR pays a regular dividend of about TWD 0.78 per share per year (typically in quarterly installments), a yield of roughly 0.0% at the current price. That is a payout ratio of about 1.1% of earnings, so the dividend is amply covered by earnings. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For IMOS's full payout history, growth streak and dividend-safety score, see the dividends tab.
Is ChipMOS Technologies Inc. ADR a good stock to buy right now?+
That depends on valuation and quality together, not either alone. IMOS currently trades below its estimated intrinsic value and scores 46/100 on quality (mixed). It also yields about 0.0%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from company filings, not investment advice.
Related stocks: Semiconductors
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Data sourced from company filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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