Amkor Technology, Inc.

AI-generated fair value estimate for this company.

Method: 10-year unlevered FCF DCF: $500M normalized FCF base (below current levels to reflect Amkor's ongoing multi-billion-dollar Arizona advanced-packaging capex program); 8% annual FCF growth years 1-5; 4% years 6-10; 9.5% discount rate; 3% terminal growth; $0.16B net debt; 248.45M shares outstanding.

Reasoning: Amkor is in a heavy, multi-year capex supercycle (up to $12B Arizona campus) driven by AI-chip advanced packaging demand, so trailing FCF (currently negative) is not representative; FCF was normalized to a level consistent with mid-cycle capital intensity once the buildout matures, with growth assumptions reflecting the AI-driven demand tailwind.