Does AMKOR TECHNOLOGY, INC. have an economic moat?

Based on its FY2025 SEC filings, the Moat Index scores AMKOR TECHNOLOGY, INC. (AMKR) 58.2 out of 100 — a Shallow moat. The four filters behind that score (each 0–100): pricing power 23, returns on capital 87, balance-sheet safety 65, capital discipline 62.

Is AMKR stock trading below its intrinsic value?

Against a deliberately conservative owner-earnings model (9% discount rate, 0% assumed growth, capped at 4%), estimated intrinsic value is $16.80 per share versus a recent price of $62.94 — 275% above value. This is an educational estimate computed from primary SEC filings, not investment advice.

How has AMKR's Moat Score changed over time?

The record logs 3 readings since Jul 17, 2026; the latest reads 58.2 out of 100 (shallow moat). No tier changes on record yet. The history is append-only — readings are only ever added, never rewritten.

The Moat Index

AMKOR TECHNOLOGY, INC.

AMKR · Technology · $15.6B mkt cap · FY2025 filings · Shallow moat ·

Doesn't clear the bar

Shallow moat

The four filters

Pricing power23

Median gross margin 17.1% over 10y, stable.

Returns on capital87

Median ROIC 18.5%, above the 9% hurdle in 80% of years.

Balance-sheet safety65

Net debt/EBITDA 0.1x, interest coverage 6x.

Capital discipline62

Owner earnings +8.8%/yr, share count growing (dilution).

Margin of safety

Above valueOn sale

275% above value

Owner earnings (normalized): $373.9M
Est. intrinsic value / share: $16.80
Recent price: $62.94
Discount to value: 275% above value

Conservative model: 9% discount rate, 0% assumed growth (capped at 4%), maintenance capex ≈ min(capex, D&A).

19 years of fundamentals

The business, in plain English

AMKOR TECHNOLOGY, INC. booked $6.7B of revenue in FY2025 in the Technology sector and kept 14.0% of it as gross profit — a thin-margin business by that measure. After every other cost, 5.6% of each revenue dollar reached the bottom line.

Across the filed record, revenue grew from $2.7B (FY2008) to $6.7B (FY2025) — about 5.6% a year compounded over 17 years.

It earned 8.7% on invested capital in FY2025, with a median of 16.3% across 16 filed years. The Returns on Capital filter above scores it 87/100.

The balance sheet carried $1.5B of total debt in FY2025 against $373.9M of owner earnings — roughly 3.9 years of owner earnings to retire it all. Balance-Sheet Safety scores it 65/100.

The share count rose 35.0% between FY2009 and FY2025 — existing owners have been diluted over the record. Capital Discipline scores it 62/100.

Put together: Returns on Capital is the strongest of the four filters (87/100) and Pricing Power the weakest (23/100), which is how AMKR lands at 58/100 — a Shallow moat.

This breakdown is generated from the filed numbers and sub-scores above — no outside narrative, no estimates. Where a filing doesn’t disclose an input, the sentence that would need it is omitted instead of guessed.

RevenueSales, as filed$6.7B FY2025

Gross marginRevenue kept after cost of goods14.0% FY2025

Return on invested capitalOperating profit on the capital employed8.7% FY2025

Owner earningsCash an owner could take out$373.9M FY2025

Gaps in a line mean that item isn’t in AMKR’s filings for that year — the series is never interpolated or estimated. The Table view lists every filed value, including operating and net margins, total debt, and share count.

Moat Score history

Moat Score over timeLast scored reading of each day, on the 0–100 scale58.2 / 100

Score history begins Jul 17, 2026 — the record builds from here and can’t be backfilled.

Tier changesSame-methodology crossings of the Wide / Narrow / Shallow bars

None yet — AMKR has read Shallow moat for every logged capture since Jul 17, 2026.

Scores are logged append-only and never overwritten — this record can’t be backfilled, which is exactly why it’s worth keeping.

Technology context

#140 of 532 scored Technology companies, ranked by Moat Score.

Nearest peers by Moat Score

#138STGW Stagwell Inc58.6 out of 100, Shallow moatShallow moat
#139PINS Pinterest, Inc.58.5 out of 100, Shallow moatShallow moat
#141DELL Dell Technologies Inc.58.2 out of 100, Shallow moatShallow moat
#142DIOD DIODES INC /DEL/58.1 out of 100, Shallow moatShallow moat

Compare AMKR with its nearest peers →All Technology companies on the Index →

Common questions about AMKR

Does AMKOR TECHNOLOGY, INC. have an economic moat?: Based on its FY2025 SEC filings, the Moat Index scores AMKOR TECHNOLOGY, INC. (AMKR) 58.2 out of 100 — a Shallow moat. The four filters behind that score (each 0–100): pricing power 23, returns on capital 87, balance-sheet safety 65, capital discipline 62.
Is AMKR stock trading below its intrinsic value?: Against a deliberately conservative owner-earnings model (9% discount rate, 0% assumed growth, capped at 4%), estimated intrinsic value is $16.80 per share versus a recent price of $62.94 — 275% above value. This is an educational estimate computed from primary SEC filings, not investment advice.
How has AMKR's Moat Score changed over time?: The record logs 3 readings since Jul 17, 2026; the latest reads 58.2 out of 100 (shallow moat). No tier changes on record yet. The history is append-only — readings are only ever added, never rewritten.

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Scored from primary SEC filings via the public methodology. Educational only — not a recommendation to buy or sell AMKR. See the disclaimer.