ACM RESEARCH INC-CLASS A (ACMR)
US00108J1097 - Common Stock
Taking everything into account, ACMR scores 5 out of 10 in our fundamental rating. ACMR was compared to 107 industry peers in the Semiconductors & Semiconductor Equipment industry. There are concerns on the financial health of ACMR while its profitability can be described as average. ACMR is growing strongly while it is still valued neutral. This is a good combination!
1. Profitability
1.1 Basic Checks
In the past year ACMR was profitable.
In the past year ACMR has reported a negative cash flow from operations.
In the past 5 years ACMR has always been profitable.
ACMR had negative operating cash flow in 4 of the past 5 years.
1.2 Ratios
Looking at the Return On Assets, with a value of 5.18%, ACMR is in line with its industry, outperforming 59.43% of the companies in the same industry.
ACMR has a better Return On Equity (10.07%) than 66.04% of its industry peers.
The Return On Invested Capital of ACMR (7.43%) is better than 66.98% of its industry peers.
The Average Return On Invested Capital over the past 3 years for ACMR is significantly below the industry average of 10.84%.
The 3 year average ROIC (5.41%) for ACMR is below the current ROIC(7.43%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.18% | ||
| ROE | 10.07% | ||
| ROIC | 7.43% |
ROA(3y)3.99%
ROA(5y)5.23%
ROE(3y)7.16%
ROE(5y)10.85%
ROIC(3y)5.41%
ROIC(5y)6.12%
1.3 Margins
ACMR has a Profit Margin of 13.85%. This is in the better half of the industry: ACMR outperforms 66.98% of its industry peers.
ACMR's Profit Margin has improved in the last couple of years.
Looking at the Operating Margin, with a value of 17.18%, ACMR is in the better half of the industry, outperforming 69.81% of the companies in the same industry.
ACMR's Operating Margin has improved in the last couple of years.
With a decent Gross Margin value of 49.52%, ACMR is doing good in the industry, outperforming 64.15% of the companies in the same industry.
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 | 17.18% | ||
| PM (TTM) | 13.85% | ||
| GM | 49.52% |
OM growth 3Y7.77%
OM growth 5Y14.55%
PM growth 3Y4.93%
PM growth 5Y9.41%
GM growth 3Y3.67%
GM growth 5Y1.44%
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.
Compared to 1 year ago, ACMR has more shares outstanding
The number of shares outstanding for ACMR has been increased compared to 5 years ago.
The debt/assets ratio for ACMR has been reduced compared to a year ago.
2.2 Solvency
An Altman-Z score of 2.74 indicates that ACMR is not a great score, but indicates only limited risk for bankruptcy at the moment.
The Altman-Z score of ACMR (2.74) is comparable to the rest of the industry.
ACMR has a Debt/Equity ratio of 0.11. This is a healthy value indicating a solid balance between debt and equity.
With a Debt to Equity ratio value of 0.11, ACMR perfoms like the industry average, outperforming 56.60% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.11 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 2.74 |
ROIC/WACC0.65
WACC11.52%
2.3 Liquidity
A Current Ratio of 2.35 indicates that ACMR has no problem at all paying its short term obligations.
Looking at the Current ratio, with a value of 2.35, ACMR is doing worse than 65.09% of the companies in the same industry.
ACMR has a Quick Ratio of 1.26. This is a normal value and indicates that ACMR is financially healthy and should not expect problems in meeting its short term obligations.
ACMR's Quick ratio of 1.26 is on the low side compared to the rest of the industry. ACMR is outperformed by 73.58% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.35 | ||
| Quick Ratio | 1.26 |
3. Growth
3.1 Past
ACMR shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 91.76%, which is quite impressive.
ACMR shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 55.38% yearly.
ACMR shows a strong growth in Revenue. In the last year, the Revenue has grown by 43.46%.
The Revenue has been growing by 49.53% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)91.76%
EPS 3Y63.93%
EPS 5Y55.38%
EPS growth Q2Q126.32%
Revenue 1Y (TTM)43.46%
Revenue growth 3Y52.71%
Revenue growth 5Y49.53%
Revenue growth Q2Q56.98%
3.2 Future
ACMR is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 5.94% yearly.
Based on estimates for the next years, ACMR will show a very strong growth in Revenue. The Revenue will grow by 20.41% on average per year.
EPS Next Y-8.72%
EPS Next 2Y7.57%
EPS Next 3Y5.94%
EPS Next 5YN/A
Revenue Next Year30.97%
Revenue Next 2Y27.2%
Revenue Next 3Y23.48%
Revenue Next 5Y20.41%
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
The Price/Earnings ratio is 16.59, which indicates a correct valuation of ACMR.
Based on the Price/Earnings ratio, ACMR is valued cheaply inside the industry as 80.19% of the companies are valued more expensively.
Compared to an average S&P500 Price/Earnings ratio of 24.92, ACMR is valued a bit cheaper.
A Price/Forward Earnings ratio of 18.17 indicates a rather expensive valuation of ACMR.
Based on the Price/Forward Earnings ratio, ACMR is valued a bit cheaper than 78.30% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of ACMR to the average of the S&P500 Index (21.49), we can say ACMR is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.59 | ||
| Fwd PE | 18.17 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, ACMR is valued cheaply inside the industry as 83.96% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 13.5 |
4.3 Compensation for Growth
ACMR has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.3
EPS Next 2Y7.57%
EPS Next 3Y5.94%
5. Dividend
5.1 Amount
ACMR does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
ACM RESEARCH INC-CLASS A
NASDAQ:ACMR (4/26/2024, 7:00:00 PM)
After market: 26.58 -0.46 (-1.7%)27.04
-1.25 (-4.42%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap1.65B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
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EPS beat(8)
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EPS beat(12)
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EPS beat(16)
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Revenue beat(2)
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PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
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Revenue NY rev (1m)
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Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.59 | ||
| Fwd PE | 18.17 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)N/A
PEG (5Y)0.3
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.18% | ||
| ROE | 10.07% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 17.18% | ||
| PM (TTM) | 13.85% | ||
| GM | 49.52% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.37
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.11 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 2.35 | ||
| Quick Ratio | 1.26 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)91.76%
EPS 3Y63.93%
EPS 5Y
EPS growth Q2Q
EPS Next Y-8.72%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)43.46%
Revenue growth 3Y52.71%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y