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DCF valuation

What is Amkor Technology, Inc. worth?

With the base-case assumptions below, a discounted cash flow model on Amkor Technology, Inc.'s reported free cash flow gives $12.15 per share. The share price was $34.47 on November 10, 2026, 184% above that value.

Inputs from the filings

Free cash flow, fiscal 2025
$191M
Average free cash flow, last 5 years
$317.7M
Cash
$1.6B
balance sheet of September 30, 2026
Debt
$2.32B
balance sheet of September 30, 2026
Diluted shares, fiscal 2025
248,454,000
Revenue growth per year, last 5 years
5.8%

Three sets of assumptions

CaseGrowth yrs 1-5Growth yrs 6-10After year 10Discount rateValue per shareValue vs price
Bear1.0%1.5%2.0%10.0%$6.38-81%
Base6.0%4.5%2.5%9.0%$12.15-65%
Bull11.0%7.0%3.0%8.0%$22.92-34%

Sensitivity: base case value per share

Discount rate down the side, growth after year 10 across the top. Everything else as in the base case.

1.5%2.0%2.5%3.0%3.5%
7.0%$16.31$17.57$19.12$21.06$23.55
8.0%$13.21$14.03$15.00$16.17$17.59
9.0%$10.94$11.50$12.15$12.91$13.80
10.0%$9.21$9.61$10.07$10.59$11.18
11.0%$7.86$8.15$8.48$8.85$9.26

Where the presets come from

Base: years 1 to 5 grow at Amkor Technology, Inc.'s revenue growth rate over the last 5 fiscal years (5.8% a year), held between -5% and 15%. Years 6 to 10 grow halfway between that and the long-run rate of 2.5%. Future cash is discounted at 9% a year.

Bear: 5 points less growth, 2% long-run growth, 10% discount rate. Bull: 5 points more growth (at most 25%), 3% long-run growth, 8% discount rate.

Value per share = (present value of 10 years of free cash flow + present value of everything after + cash - debt) / diluted shares.

This is a model run on assumptions, not a recommendation or a price target. Small changes in the discount rate or growth move the result a lot, as the table above shows. Change them yourself in the calculator.

Adjust the assumptions

Move the sliders for growth, long-run growth and discount rate, or switch to average free cash flow, and see the value per share change.

Adjust the assumptions

Amkor Technology, Inc. company page