ChipMOS TECHNOLOGIES INC. American Depositary Shares (IMOS)

FairStock Score: 43/100 — MIXED

Key Financials

Strengths

• Revenue growth of 123.2% demonstrates strong top-line momentum

Concerns

• Trades significantly above Graham Number ($19) with negative 137% margin of safety—limited downside protection
• Altman Z-Score of 1.0 places it in the financial distress zone—elevated bankruptcy risk

AI Analysis

ChipMOS TECHNOLOGIES INC. American Depositary Shares is a micro-cap technology company valued at $1.6 billion. Revenue stands at $23.9 billion. From a quality standpoint, ChipMOS shows solid Piotroski F-Score of 6/9 and distressed Altman Z-Score of 1.0 warrants caution. On valuation, the stock is commanding a steep 93.4x multiple, with trades far above its Graham Number ($19) with no margin of safety. Growth dynamics show revenue growing at 123.2% and profit growth of 190.6%. The 1.6% dividend yield adds an income component for patient holders. Our composite FairStock Score of 43/100 reflects below-average fundamentals overall. Investors should weigh the business quality against the current price and their own margin of safety requirements.

Bull Case

ChipMOS's 123% revenue growth trajectory could accelerate as it captures additional market share in the technology sector. Operational leverage in the business model means incremental revenue growth could disproportionately boost bottom-line profitability.

Bear Case

At 93x earnings, any growth disappointment triggers rapid multiple compression—a 20% earnings miss plus multiple contraction to 20x implies 40%+ downside. Regulatory changes, input cost inflation, or demand normalization represent underappreciated risks that could materially impact forward estimates.

Data from SEC filings. AI analysis is for educational purposes only — not investment advice. Scoring methodology · Disclaimer