ACM RESEARCH INC-CLASS A (ACMR) Stock Fundamental Analysis
NASDAQ:ACMR - Nasdaq - US00108J1097 - Common Stock - Currency: USD
ACMR gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 110 industry peers in the Semiconductors & Semiconductor Equipment industry. ACMR has an average financial health and profitability rating. An interesting combination arises when we look at growth and value: ACMR is growing strongly while it also seems undervalued.
1. Profitability
1.1 Basic Checks
ACMR had positive earnings in the past year.
ACMR had a positive operating cash flow in the past year.
ACMR had positive earnings in each of the past 5 years.
In the past 5 years ACMR reported 4 times negative operating cash flow.
1.2 Ratios
The Return On Assets of ACMR (5.51%) is better than 69.09% of its industry peers.
The Return On Equity of ACMR (11.23%) is better than 70.91% of its industry peers.
With a decent Return On Invested Capital value of 9.25%, ACMR is doing good in the industry, outperforming 78.18% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for ACMR is below the industry average of 11.17%.
The 3 year average ROIC (7.59%) for ACMR is below the current ROIC(9.25%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.51% | ||
| ROE | 11.23% | ||
| ROIC | 9.25% |
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 Profit Margin of 13.28%. This is in the better half of the industry: ACMR outperforms 70.91% of its industry peers.
ACMR's Profit Margin has declined in the last couple of years.
With a decent Operating Margin value of 18.89%, ACMR is doing good in the industry, outperforming 75.45% of the companies in the same industry.
In the last couple of years the Operating Margin of ACMR has grown nicely.
ACMR has a Gross Margin of 49.23%. This is in the better half of the industry: ACMR outperforms 60.91% 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 | 18.89% | ||
| PM (TTM) | 13.28% | ||
| GM | 49.23% |
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
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so ACMR is destroying value.
Compared to 1 year ago, ACMR has more shares outstanding
ACMR has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, ACMR has a worse debt to assets ratio.
2.2 Solvency
ACMR has an Altman-Z score of 2.38. 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.
The Altman-Z score of ACMR (2.38) is worse than 63.64% of its industry peers.
ACMR has a debt to FCF ratio of 2.52. This is a good value and a sign of high solvency as ACMR would need 2.52 years to pay back of all of its debts.
With a decent Debt to FCF ratio value of 2.52, ACMR is doing good in the industry, outperforming 65.45% of the companies in the same industry.
A Debt/Equity ratio of 0.17 indicates that ACMR is not too dependend on debt financing.
ACMR's Debt to Equity ratio of 0.17 is in line compared to the rest of the industry. ACMR outperforms 49.09% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.17 | ||
| Debt/FCF | 2.52 | ||
| Altman-Z | 2.38 |
ROIC/WACC0.83
WACC11.15%
2.3 Liquidity
A Current Ratio of 2.46 indicates that ACMR has no problem at all paying its short term obligations.
Looking at the Current ratio, with a value of 2.46, ACMR is doing worse than 61.82% of the companies in the same industry.
A Quick Ratio of 1.49 indicates that ACMR should not have too much problems paying its short term obligations.
ACMR's Quick ratio of 1.49 is on the low side compared to the rest of the industry. ACMR is outperformed by 70.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.46 | ||
| Quick Ratio | 1.49 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 10.00% over the past year.
ACMR shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 42.35% yearly.
Looking at the last year, ACMR shows a very strong growth in Revenue. The Revenue has grown by 26.21%.
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)10%
EPS 3Y52.55%
EPS 5Y42.35%
EPS Q2Q%-11.54%
Revenue 1Y (TTM)26.21%
Revenue growth 3Y44.39%
Revenue growth 5Y48.72%
Sales Q2Q%13.24%
3.2 Future
ACMR is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 2.62% yearly.
ACMR is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 16.09% yearly.
EPS Next Y1.32%
EPS Next 2Y2.62%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year21.92%
Revenue Next 2Y18.54%
Revenue Next 3Y18.8%
Revenue Next 5Y16.09%
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
Based on the Price/Earnings ratio of 11.04, the valuation of ACMR can be described as reasonable.
95.45% of the companies in the same industry are more expensive than ACMR, based on the Price/Earnings ratio.
ACMR is valuated cheaply when we compare the Price/Earnings ratio to 26.70, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 10.20, which indicates a very decent valuation of ACMR.
Based on the Price/Forward Earnings ratio, ACMR is valued cheaply inside the industry as 94.55% of the companies are valued more expensively.
The average S&P500 Price/Forward Earnings ratio is at 22.49. ACMR is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.04 | ||
| Fwd PE | 10.2 |
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 91.82% of the companies listed in the same industry.
Based on the Price/Free Cash Flow ratio, ACMR is valued cheaply inside the industry as 85.45% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 17.15 | ||
| EV/EBITDA | 7.19 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates ACMR does not grow enough to justify the current Price/Earnings ratio.
ACMR has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)8.34
PEG (5Y)0.26
EPS Next 2Y2.62%
EPS Next 3YN/A
5. Dividend
5.1 Amount
No dividends for ACMR!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
24.28
+0.93 (+3.98%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners69.68%
Inst Owner Change2.24%
Ins Owners5.34%
Ins Owner Change-1.83%
Market Cap1.55B
Analysts81.43
Price Target36.43 (50.04%)
Short Float %9.08%
Short Ratio2.53
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
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)2
Avg EPS beat(2)32.31%
Min EPS beat(2)22.75%
Max EPS beat(2)41.87%
EPS beat(4)4
Avg EPS beat(4)46.12%
Min EPS beat(4)22.75%
Max EPS beat(4)65.81%
EPS beat(8)8
Avg EPS beat(8)93.35%
EPS beat(12)12
Avg EPS beat(12)967.56%
EPS beat(16)14
Avg EPS beat(16)712.87%
Revenue beat(2)2
Avg Revenue beat(2)7.3%
Min Revenue beat(2)2.19%
Max Revenue beat(2)12.4%
Revenue beat(4)4
Avg Revenue beat(4)10.24%
Min Revenue beat(4)2.19%
Max Revenue beat(4)21.75%
Revenue beat(8)7
Avg Revenue beat(8)9.33%
Revenue beat(12)11
Avg Revenue beat(12)11.86%
Revenue beat(16)12
Avg Revenue beat(16)7.58%
PT rev (1m)1.3%
PT rev (3m)27.56%
EPS NQ rev (1m)-2.69%
EPS NQ rev (3m)9.07%
EPS NY rev (1m)-1.29%
EPS NY rev (3m)9.66%
Revenue NQ rev (1m)-0.23%
Revenue NQ rev (3m)1.03%
Revenue NY rev (1m)-0.61%
Revenue NY rev (3m)0.95%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.04 | ||
| Fwd PE | 10.2 | ||
| P/S | 1.93 | ||
| P/FCF | 17.15 | ||
| P/OCF | 9.26 | ||
| P/B | 1.63 | ||
| P/tB | 1.64 | ||
| EV/EBITDA | 7.19 |
EPS(TTM)2.2
EY9.06%
EPS(NY)2.38
Fwd EY9.8%
FCF(TTM)1.42
FCFY5.83%
OCF(TTM)2.62
OCFY10.8%
SpS12.56
BVpS14.86
TBVpS14.82
PEG (NY)8.34
PEG (5Y)0.26
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.51% | ||
| ROE | 11.23% | ||
| ROCE | 11.61% | ||
| ROIC | 9.25% | ||
| ROICexc | 14.69% | ||
| ROICexgc | 14.74% | ||
| OM | 18.89% | ||
| PM (TTM) | 13.28% | ||
| GM | 49.23% | ||
| FCFM | 11.27% |
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%
ROICexcg growth 3Y8.64%
ROICexcg 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-Score5
Asset Turnover0.41
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.17 | ||
| Debt/FCF | 2.52 | ||
| Debt/EBITDA | 0.98 | ||
| Cap/Depr | 735.35% | ||
| Cap/Sales | 9.59% | ||
| Interest Coverage | 30.76 | ||
| Cash Conversion | 103.32% | ||
| Profit Quality | 84.84% | ||
| Current Ratio | 2.46 | ||
| Quick Ratio | 1.49 | ||
| Altman-Z | 2.38 |
F-Score5
WACC11.15%
ROIC/WACC0.83
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)10%
EPS 3Y52.55%
EPS 5Y42.35%
EPS Q2Q%-11.54%
EPS Next Y1.32%
EPS Next 2Y2.62%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)26.21%
Revenue growth 3Y44.39%
Revenue growth 5Y48.72%
Sales Q2Q%13.24%
Revenue Next Year21.92%
Revenue Next 2Y18.54%
Revenue Next 3Y18.8%
Revenue Next 5Y16.09%
EBIT growth 1Y35.09%
EBIT growth 3Y57.43%
EBIT growth 5Y53.36%
EBIT Next Year13.62%
EBIT Next 3Y13.48%
EBIT Next 5Y11.43%
FCF growth 1Y153.52%
FCF growth 3YN/A
FCF growth 5Y51.73%
OCF growth 1Y357.71%
OCF growth 3YN/A
OCF growth 5Y74.58%