ACM RESEARCH INC-CLASS A (ACMR) Stock Fundamental Analysis
NASDAQ:ACMR - Nasdaq - US00108J1097 - Common Stock - Currency: USD
Overall ACMR gets a fundamental rating of 5 out of 10. We evaluated ACMR against 110 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 is not overvalued while it is showing excellent growth. This is an interesting combination.
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.
ACMR had positive earnings in each of the past 5 years.
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 5.48%, ACMR is in the better half of the industry, outperforming 69.09% of the companies in the same industry.
Looking at the Return On Equity, with a value of 11.17%, ACMR is in the better half of the industry, outperforming 70.91% of the companies in the same industry.
With a decent Return On Invested Capital value of 9.29%, 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 10.68%.
The 3 year average ROIC (7.61%) for ACMR is below the current ROIC(9.29%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.48% | ||
| ROE | 11.17% | ||
| ROIC | 9.29% |
ROA(3y)4.65%
ROA(5y)4.61%
ROE(3y)9.12%
ROE(5y)9.25%
ROIC(3y)7.61%
ROIC(5y)6.62%
1.3 Margins
ACMR has a Profit Margin of 13.21%. This is in the better half of the industry: ACMR outperforms 70.00% of its industry peers.
In the last couple of years the Profit Margin of ACMR has declined.
ACMR has a Operating Margin of 18.95%. This is in the better half of the industry: ACMR outperforms 75.45% of its industry peers.
In the last couple of years the Operating Margin of ACMR has grown nicely.
ACMR has a Gross Margin (49.23%) which is comparable to the rest of the industry.
ACMR's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 18.95% | ||
| PM (TTM) | 13.21% | ||
| GM | 49.23% |
OM growth 3Y9.03%
OM growth 5Y3.12%
PM growth 3Y-2.96%
PM growth 5Y-5.43%
GM growth 3Y4.22%
GM growth 5Y1.2%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), ACMR is destroying value.
Compared to 1 year ago, ACMR has more shares outstanding
Compared to 5 years ago, ACMR has more shares outstanding
ACMR has a worse debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 2.70 indicates that ACMR is not a great score, but indicates only limited risk for bankruptcy at the moment.
With a Altman-Z score value of 2.70, ACMR perfoms like the industry average, outperforming 41.82% of the companies in the same industry.
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 64.55% of the companies in the same industry.
A Debt/Equity ratio of 0.17 indicates that ACMR is not too dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.17, ACMR is in line with its industry, outperforming 49.09% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.17 | ||
| Debt/FCF | 2.52 | ||
| Altman-Z | 2.7 |
ROIC/WACC0.82
WACC11.36%
2.3 Liquidity
A Current Ratio of 2.46 indicates that ACMR has no problem at all paying its short term obligations.
ACMR's Current ratio of 2.46 is on the low side compared to the rest of the industry. ACMR is outperformed by 63.64% of its industry peers.
ACMR has a Quick Ratio of 1.49. This is a normal value and indicates that ACMR is financially healthy and should not expect problems in meeting its short term obligations.
ACMR has a Quick ratio of 1.49. This is in the lower half of the industry: ACMR underperforms 73.64% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.46 | ||
| Quick Ratio | 1.49 |
3. Growth
3.1 Past
ACMR shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 10.00%, which is quite good.
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 26.21% 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)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
The Earnings Per Share is expected to grow by 3.55% on average over the next years.
ACMR is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 17.05% yearly.
EPS Next Y1.89%
EPS Next 2Y3.55%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year21.63%
Revenue Next 2Y18.38%
Revenue Next 3Y18.8%
Revenue Next 5Y17.05%
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
A Price/Earnings ratio of 14.40 indicates a correct valuation of ACMR.
ACMR's Price/Earnings ratio is rather cheap when compared to the industry. ACMR is cheaper than 89.09% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 27.91, ACMR is valued a bit cheaper.
A Price/Forward Earnings ratio of 13.07 indicates a correct valuation of ACMR.
ACMR's Price/Forward Earnings ratio is rather cheap when compared to the industry. ACMR is cheaper than 90.91% of the companies in the same industry.
ACMR is valuated cheaply when we compare the Price/Forward Earnings ratio to 37.11, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.4 | ||
| Fwd PE | 13.07 |
4.2 Price Multiples
87.27% of the companies in the same industry are more expensive than ACMR, based on the Enterprise Value to EBITDA ratio.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of ACMR indicates a rather cheap valuation: ACMR is cheaper than 81.82% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 22.5 | ||
| EV/EBITDA | 10.45 |
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.
The decent profitability rating of ACMR may justify a higher PE ratio.
PEG (NY)7.63
PEG (5Y)0.34
EPS Next 2Y3.55%
EPS Next 3YN/A
5. Dividend
5.1 Amount
No dividends for ACMR!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
31.68
-0.3 (-0.94%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners69.61%
Inst Owner Change0.61%
Ins Owners5.53%
Ins Owner Change0.95%
Market Cap2.02B
Analysts81.43
Price Target36.3 (14.58%)
Short Float %6.48%
Short Ratio3.69
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)1.81%
PT rev (3m)0.92%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-4.87%
EPS NY rev (1m)0%
EPS NY rev (3m)-0.74%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.94%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.84%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.4 | ||
| Fwd PE | 13.07 | ||
| P/S | 2.52 | ||
| P/FCF | 22.5 | ||
| P/OCF | 12.12 | ||
| P/B | 2.13 | ||
| P/tB | 2.14 | ||
| EV/EBITDA | 10.45 |
EPS(TTM)2.2
EY6.94%
EPS(NY)2.42
Fwd EY7.65%
FCF(TTM)1.41
FCFY4.45%
OCF(TTM)2.61
OCFY8.25%
SpS12.56
BVpS14.86
TBVpS14.81
PEG (NY)7.63
PEG (5Y)0.34
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.48% | ||
| ROE | 11.17% | ||
| ROCE | 11.65% | ||
| ROIC | 9.29% | ||
| ROICexc | 14.75% | ||
| ROICexgc | 14.81% | ||
| OM | 18.95% | ||
| PM (TTM) | 13.21% | ||
| GM | 49.23% | ||
| FCFM | 11.21% |
ROA(3y)4.65%
ROA(5y)4.61%
ROE(3y)9.12%
ROE(5y)9.25%
ROIC(3y)7.61%
ROIC(5y)6.62%
ROICexc(3y)11.49%
ROICexc(5y)11.41%
ROICexgc(3y)11.53%
ROICexgc(5y)11.44%
ROCE(3y)9.72%
ROCE(5y)8.55%
ROICexcg growth 3Y8.61%
ROICexcg growth 5Y4.82%
ROICexc growth 3Y8.52%
ROICexc growth 5Y4.78%
OM growth 3Y9.03%
OM growth 5Y3.12%
PM growth 3Y-2.96%
PM growth 5Y-5.43%
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 | 735.44% | ||
| Cap/Sales | 9.6% | ||
| Interest Coverage | 30.83 | ||
| Cash Conversion | 102.75% | ||
| Profit Quality | 84.84% | ||
| Current Ratio | 2.46 | ||
| Quick Ratio | 1.49 | ||
| Altman-Z | 2.7 |
F-Score5
WACC11.36%
ROIC/WACC0.82
Cap/Depr(3y)1125.53%
Cap/Depr(5y)1046.26%
Cap/Sales(3y)15.42%
Cap/Sales(5y)11.95%
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 Y1.89%
EPS Next 2Y3.55%
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 Year21.63%
Revenue Next 2Y18.38%
Revenue Next 3Y18.8%
Revenue Next 5Y17.05%
EBIT growth 1Y35.78%
EBIT growth 3Y57.43%
EBIT growth 5Y53.36%
EBIT Next Year10.24%
EBIT Next 3Y13.48%
EBIT Next 5Y13.54%
FCF growth 1Y153.23%
FCF growth 3YN/A
FCF growth 5Y51.5%
OCF growth 1Y357.01%
OCF growth 3YN/A
OCF growth 5Y74.48%