37.73 USD
-1.1 (-2.83%)
37.5536 USD
-0.18 (-0.47%)
We assign a fundamental rating of 4 out of 10 to ACMR. ACMR was compared to 112 industry peers in the Semiconductors & Semiconductor Equipment industry. Both the profitability and the financial health of ACMR get a neutral evaluation. Nothing too spectacular is happening here. ACMR has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
ACMR had positive earnings in the past year.
In the past year ACMR had a positive cash flow from operations.
In the past 5 years ACMR has always been profitable.
In the past 5 years ACMR reported 4 times negative operating cash flow.
1.2 Ratios
The Return On Assets of ACMR (4.23%) is better than 66.96% of its industry peers.
ACMR has a better Return On Equity (8.17%) than 67.86% of its industry peers.
ACMR has a better Return On Invested Capital (4.95%) than 64.29% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for ACMR is below the industry average of 10.81%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.23% | ||
| ROE | 8.17% | ||
| ROIC | 4.95% |
ROA(3y)4.65%
ROA(5y)4.61%
ROE(3y)9.12%
ROE(5y)9.25%
ROIC(3y)7.59%
ROIC(5y)6.61%
1.3 Margins
ACMR has a better Profit Margin (13.30%) than 73.21% of its industry peers.
In the last couple of years the Profit Margin of ACMR has declined.
ACMR has a better Operating Margin (14.81%) than 74.11% of its industry peers.
ACMR's Operating Margin has improved in the last couple of years.
ACMR has a Gross Margin of 46.68%. This is comparable to the rest of the industry: ACMR outperforms 55.36% of its industry peers.
In the last couple of years the Gross Margin of ACMR has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 14.81% | ||
| PM (TTM) | 13.3% | ||
| GM | 46.68% |
OM growth 3Y9.03%
OM growth 5Y3.12%
PM growth 3Y-3.07%
PM growth 5Y-5.5%
GM growth 3Y4.22%
GM growth 5Y1.2%
2. Health
2.1 Basic Checks
ACMR has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
ACMR has more shares outstanding than it did 1 year ago.
The number of shares outstanding for ACMR has been increased compared to 5 years ago.
The debt/assets ratio for ACMR is higher compared to a year ago.
2.2 Solvency
ACMR has an Altman-Z score of 2.52. This is not the best score and indicates that ACMR is in the grey zone with still only limited risk for bankruptcy at the moment.
ACMR's Altman-Z score of 2.52 is on the low side compared to the rest of the industry. ACMR is outperformed by 61.61% of its industry peers.
ACMR has a Debt/Equity ratio of 0.17. This is a healthy value indicating a solid balance between debt and equity.
ACMR has a Debt to Equity ratio (0.17) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.17 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 2.52 |
ROIC/WACC0.48
WACC10.35%
2.3 Liquidity
ACMR has a Current Ratio of 3.48. This indicates that ACMR is financially healthy and has no problem in meeting its short term obligations.
ACMR has a Current ratio (3.48) which is in line with its industry peers.
ACMR has a Quick Ratio of 2.48. This indicates that ACMR is financially healthy and has no problem in meeting its short term obligations.
ACMR has a Quick ratio of 2.48. This is in the better half of the industry: ACMR outperforms 60.71% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.48 | ||
| Quick Ratio | 2.48 |
3. Growth
3.1 Past
ACMR shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -9.86%.
Measured over the past years, ACMR shows a very strong growth in Earnings Per Share. The EPS has been growing by 42.35% on average per year.
The Revenue has grown by 20.77% in the past year. This is a very strong growth!
Measured over the past years, ACMR shows a very strong growth in Revenue. The Revenue has been growing by 48.72% on average per year.
EPS 1Y (TTM)-9.86%
EPS 3Y52.55%
EPS 5Y42.35%
EPS Q2Q%-42.86%
Revenue 1Y (TTM)20.77%
Revenue growth 3Y44.39%
Revenue growth 5Y48.72%
Sales Q2Q%31.96%
3.2 Future
Based on estimates for the next years, ACMR will show a decrease in Earnings Per Share. The EPS will decrease by -3.09% on average per year.
ACMR is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 16.65% yearly.
EPS Next Y-17.31%
EPS Next 2Y-3.09%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year20.65%
Revenue Next 2Y18.71%
Revenue Next 3Y18.8%
Revenue Next 5Y16.65%
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
Although the future Revenue growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 19.65, ACMR is valued on the expensive side.
Based on the Price/Earnings ratio, ACMR is valued cheaper than 88.39% of the companies in the same industry.
When comparing the Price/Earnings ratio of ACMR to the average of the S&P500 Index (26.55), we can say ACMR is valued slightly cheaper.
The Price/Forward Earnings ratio is 17.78, which indicates a rather expensive current valuation of ACMR.
85.71% of the companies in the same industry are more expensive than ACMR, based on the Price/Forward Earnings ratio.
ACMR's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 23.78.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.65 | ||
| Fwd PE | 17.78 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of ACMR indicates a rather cheap valuation: ACMR is cheaper than 91.07% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 10.86 |
4.3 Compensation for Growth
A cheap valuation may be justified as ACMR's earnings are expected to decrease with -3.09% in the coming years.
PEG (NY)N/A
PEG (5Y)0.46
EPS Next 2Y-3.09%
EPS Next 3YN/A
5. Dividend
5.1 Amount
ACMR does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
37.73
-1.1 (-2.83%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners75.85%
Inst Owner Change8.22%
Ins Owners4.39%
Ins Owner Change-19.43%
Market Cap2.45B
Revenue(TTM)880.35M
Net Income(TTM)117.11M
Analysts81.43
Price Target42.48 (12.59%)
Short Float %8.76%
Short Ratio2.75
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-14.17%
Min EPS beat(2)-33.69%
Max EPS beat(2)5.36%
EPS beat(4)3
Avg EPS beat(4)9.07%
Min EPS beat(4)-33.69%
Max EPS beat(4)41.87%
EPS beat(8)7
Avg EPS beat(8)44.56%
EPS beat(12)11
Avg EPS beat(12)929.34%
EPS beat(16)14
Avg EPS beat(16)710.89%
Revenue beat(2)1
Avg Revenue beat(2)-0.01%
Min Revenue beat(2)-5.49%
Max Revenue beat(2)5.48%
Revenue beat(4)3
Avg Revenue beat(4)3.65%
Min Revenue beat(4)-5.49%
Max Revenue beat(4)12.4%
Revenue beat(8)7
Avg Revenue beat(8)6.69%
Revenue beat(12)10
Avg Revenue beat(12)7.01%
Revenue beat(16)13
Avg Revenue beat(16)7.89%
PT rev (1m)-3.25%
PT rev (3m)14.67%
EPS NQ rev (1m)-2.61%
EPS NQ rev (3m)-23.35%
EPS NY rev (1m)-14.04%
EPS NY rev (3m)-14.04%
Revenue NQ rev (1m)-2.26%
Revenue NQ rev (3m)-7.99%
Revenue NY rev (1m)-0.57%
Revenue NY rev (3m)-0.57%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.65 | ||
| Fwd PE | 17.78 | ||
| P/S | 2.78 | ||
| P/FCF | N/A | ||
| P/OCF | 55.19 | ||
| P/B | 1.71 | ||
| P/tB | 1.71 | ||
| EV/EBITDA | 10.86 |
EPS(TTM)1.92
EY5.09%
EPS(NY)2.12
Fwd EY5.63%
FCF(TTM)-0.18
FCFYN/A
OCF(TTM)0.68
OCFY1.81%
SpS13.57
BVpS22.08
TBVpS22.04
PEG (NY)N/A
PEG (5Y)0.46
Graham Number30.89
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.23% | ||
| ROE | 8.17% | ||
| ROCE | 6.23% | ||
| ROIC | 4.95% | ||
| ROICexc | 10.49% | ||
| ROICexgc | 10.52% | ||
| OM | 14.81% | ||
| PM (TTM) | 13.3% | ||
| GM | 46.68% | ||
| FCFM | N/A |
ROA(3y)4.65%
ROA(5y)4.61%
ROE(3y)9.12%
ROE(5y)9.25%
ROIC(3y)7.59%
ROIC(5y)6.61%
ROICexc(3y)11.47%
ROICexc(5y)11.39%
ROICexgc(3y)11.51%
ROICexgc(5y)11.42%
ROCE(3y)9.71%
ROCE(5y)8.55%
ROICexgc growth 3Y8.64%
ROICexgc growth 5Y4.84%
ROICexc growth 3Y8.55%
ROICexc growth 5Y4.8%
OM growth 3Y9.03%
OM growth 5Y3.12%
PM growth 3Y-3.07%
PM growth 5Y-5.5%
GM growth 3Y4.22%
GM growth 5Y1.2%
F-Score3
Asset Turnover0.32
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.17 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 1.66 | ||
| Cap/Depr | 420.62% | ||
| Cap/Sales | 6.38% | ||
| Interest Coverage | 20.39 | ||
| Cash Conversion | 30.86% | ||
| Profit Quality | N/A | ||
| Current Ratio | 3.48 | ||
| Quick Ratio | 2.48 | ||
| Altman-Z | 2.52 |
F-Score3
WACC10.35%
ROIC/WACC0.48
Cap/Depr(3y)1126.77%
Cap/Depr(5y)1047%
Cap/Sales(3y)15.44%
Cap/Sales(5y)11.96%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-9.86%
EPS 3Y52.55%
EPS 5Y42.35%
EPS Q2Q%-42.86%
EPS Next Y-17.31%
EPS Next 2Y-3.09%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)20.77%
Revenue growth 3Y44.39%
Revenue growth 5Y48.72%
Sales Q2Q%31.96%
Revenue Next Year20.65%
Revenue Next 2Y18.71%
Revenue Next 3Y18.8%
Revenue Next 5Y16.65%
EBIT growth 1Y-0.13%
EBIT growth 3Y57.43%
EBIT growth 5Y53.36%
EBIT Next Year-22.45%
EBIT Next 3Y13.48%
EBIT Next 5Y11.21%
FCF growth 1Y92.83%
FCF growth 3YN/A
FCF growth 5Y51.73%
OCF growth 1Y208.77%
OCF growth 3YN/A
OCF growth 5Y74.58%
ACM RESEARCH INC-CLASS A / ACMR FAQ
What is the ChartMill fundamental rating of ACM RESEARCH INC-CLASS A (ACMR) stock?
ChartMill assigns a fundamental rating of 4 / 10 to ACMR.
What is the valuation status for ACMR stock?
ChartMill assigns a valuation rating of 4 / 10 to ACM RESEARCH INC-CLASS A (ACMR). This can be considered as Fairly Valued.
How profitable is ACM RESEARCH INC-CLASS A (ACMR) stock?
ACM RESEARCH INC-CLASS A (ACMR) has a profitability rating of 5 / 10.
What is the earnings growth outlook for ACM RESEARCH INC-CLASS A?
The Earnings per Share (EPS) of ACM RESEARCH INC-CLASS A (ACMR) is expected to decline by -17.31% in the next year.