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CMC Materials Inc (CCMP) Stock Fundamental Analysis

NASDAQ:CCMP - Nasdaq - US12571T1007 - Common Stock

173.69  +1.01 (+0.58%)

After market: 173.69 0 (0%)

Fundamental Rating

2

Overall CCMP gets a fundamental rating of 2 out of 10. We evaluated CCMP against 110 industry peers in the Semiconductors & Semiconductor Equipment industry. Both the profitability and financial health of CCMP have multiple concerns. CCMP is valied quite expensively at the moment, while it does show a decent growth rate.


Dividend Valuation Growth Profitability Health

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0

1. Profitability

1.1 Basic Checks

In the past year CCMP was profitable.
CCMP Yearly Net Income VS EBIT VS OCF VS FCFCCMP Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 0 100M 200M

1.2 Ratios

Industry RankSector Rank
ROA 5.08%
ROE 11.83%
ROIC 9.59%
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
CCMP Yearly ROA, ROE, ROICCCMP Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 0 5 -5 10 15

1.3 Margins

Industry RankSector Rank
OM 18.46%
PM (TTM) 8.85%
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
CCMP Yearly Profit, Operating, Gross MarginsCCMP Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 0 10 20 30 40 50

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3

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so CCMP is destroying value.
Compared to 1 year ago, CCMP has less shares outstanding
CCMP has a worse debt/assets ratio than last year.
CCMP Yearly Shares OutstandingCCMP Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 5M 10M 15M 20M 25M
CCMP Yearly Total Debt VS Total AssetsCCMP Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 500M 1B 1.5B 2B

2.2 Solvency

CCMP has an Altman-Z score of 3.76. This indicates that CCMP is financially healthy and has little risk of bankruptcy at the moment.
A Debt/Equity ratio of 0.95 indicates that CCMP is somewhat dependend on debt financing.
Industry RankSector Rank
Debt/Equity 0.95
Debt/FCF N/A
Altman-Z 3.76
ROIC/WACC0.94
WACC10.17%
CCMP Yearly LT Debt VS Equity VS FCFCCMP Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 200M 400M 600M 800M 1B

2.3 Liquidity

CCMP has a Current Ratio of 3.15. This indicates that CCMP is financially healthy and has no problem in meeting its short term obligations.
A Quick Ratio of 2.22 indicates that CCMP has no problem at all paying its short term obligations.
Industry RankSector Rank
Current Ratio 3.15
Quick Ratio 2.22
CCMP Yearly Current Assets VS Current LiabilitesCCMP Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 100M 200M 300M 400M 500M

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5

3. Growth

3.1 Past

CCMP shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 1.22%.
The Earnings Per Share has been growing by 22.96% on average over the past years. This is a very strong growth
Looking at the last year, CCMP shows a quite strong growth in Revenue. The Revenue has grown by 12.00% in the last year.
CCMP shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 22.76% yearly.
EPS 1Y (TTM)1.22%
EPS 3Y10.78%
EPS 5Y22.96%
EPS Q2Q%13.45%
Revenue 1Y (TTM)12%
Revenue growth 3Y26.69%
Revenue growth 5Y22.76%
Sales Q2Q%11.58%

3.2 Future

Based on estimates for the next years, CCMP will show a small growth in Earnings Per Share. The EPS will grow by 1.13% on average per year.
Based on estimates for the next years, CCMP will show a small growth in Revenue. The Revenue will grow by 1.93% on average per year.
EPS Next Y9.38%
EPS Next 2Y5.94%
EPS Next 3Y2.79%
EPS Next 5Y1.13%
Revenue Next Year7.72%
Revenue Next 2Y5.09%
Revenue Next 3Y3.21%
Revenue Next 5Y1.93%

3.3 Evolution

When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
CCMP Yearly Revenue VS EstimatesCCMP Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 200M 400M 600M 800M 1B
CCMP Yearly EPS VS EstimatesCCMP Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2 4 6

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1

4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 23.22, CCMP is valued on the expensive side.
CCMP is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 26.29, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 21.77 indicates a rather expensive valuation of CCMP.
CCMP's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 22.17.
Industry RankSector Rank
PE 23.22
Fwd PE 21.77
CCMP Price Earnings VS Forward Price EarningsCCMP Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA 15.39
CCMP Per share dataCCMP EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30 40

4.3 Compensation for Growth

The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates CCMP does not grow enough to justify the current Price/Earnings ratio.
PEG (NY)2.47
PEG (5Y)1.01
EPS Next 2Y5.94%
EPS Next 3Y2.79%

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3

5. Dividend

5.1 Amount

CCMP has a Yearly Dividend Yield of 1.02%. Purely for dividend investing, there may be better candidates out there.
Compared to an average S&P500 Dividend Yield of 2.38, CCMP's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 1.02%

5.2 History

The dividend of CCMP is nicely growing with an annual growth rate of 9.14%!
CCMP has been paying a dividend for over 5 years, so it has already some track record.
Dividend Growth(5Y)9.14%
Div Incr YearsN/A
Div Non Decr YearsN/A
CCMP Yearly Dividends per shareCCMP Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 0.5 1 1.5

5.3 Sustainability

CCMP pays out 47.84% of its income as dividend. This is a bit on the high side, but may be sustainable.
The dividend of CCMP is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP47.84%
EPS Next 2Y5.94%
EPS Next 3Y2.79%
CCMP Yearly Income VS Free CF VS DividendCCMP Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 0 50M -50M 100M 150M 200M
CCMP Dividend Payout.CCMP Dividend Payout, showing the Payout Ratio.CCMP Dividend Payout.PayoutRetained Earnings

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CMC Materials Inc

NASDAQ:CCMP (7/5/2022, 8:00:03 PM)

After market: 173.69 0 (0%)

173.69

+1.01 (+0.58%)

Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)05-04 2022-05-04/amc
Earnings (Next)08-03 2022-08-03/amc
Inst Owners0%
Inst Owner Change0%
Ins Owners1.64%
Ins Owner Change0%
Market Cap4.97B
Analysts74.29
Price Target192.63 (10.9%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 1.02%
Yearly Dividend1.82
Dividend Growth(5Y)9.14%
DP47.84%
Div Incr YearsN/A
Div Non Decr YearsN/A
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)N/A
PT rev (3m)N/A
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)N/A
EPS NY rev (3m)N/A
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)N/A
Revenue NY rev (3m)N/A
Valuation
Industry RankSector Rank
PE 23.22
Fwd PE 21.77
P/S 3.94
P/FCF N/A
P/OCF N/A
P/B 5.26
P/tB N/A
EV/EBITDA 15.39
EPS(TTM)7.48
EY4.31%
EPS(NY)7.98
Fwd EY4.59%
FCF(TTM)N/A
FCFYN/A
OCF(TTM)N/A
OCFYN/A
SpS44.13
BVpS33
TBVpSN/A
PEG (NY)2.47
PEG (5Y)1.01
Profitability
Industry RankSector Rank
ROA 5.08%
ROE 11.83%
ROCE N/A
ROIC 9.59%
ROICexc N/A
ROICexgc 22.52%
OM 18.46%
PM (TTM) 8.85%
GM N/A
FCFM N/A
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3Y1%
ROICexcg growth 5Y1%
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
F-Score6
Asset Turnover0.57
Health
Industry RankSector Rank
Debt/Equity 0.95
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 3.15
Quick Ratio 2.22
Altman-Z 3.76
F-Score6
WACC10.17%
ROIC/WACC0.94
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)1.22%
EPS 3Y10.78%
EPS 5Y22.96%
EPS Q2Q%13.45%
EPS Next Y9.38%
EPS Next 2Y5.94%
EPS Next 3Y2.79%
EPS Next 5Y1.13%
Revenue 1Y (TTM)12%
Revenue growth 3Y26.69%
Revenue growth 5Y22.76%
Sales Q2Q%11.58%
Revenue Next Year7.72%
Revenue Next 2Y5.09%
Revenue Next 3Y3.21%
Revenue Next 5Y1.93%
EBIT growth 1YN/A
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1YN/A
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1YN/A
OCF growth 3YN/A
OCF growth 5YN/A